How to make money on TikTok- one of the fastest social networks with an opportunity to make or earn money online, and also the chance of meeting with different kinds of people with the right money-making proposal.
Well, TikTok has a lot of interest right now but not a lot of content. So those who are creating content are seeing crazy views and some people are going viral literally overnight. This type of success sees them looking to replicate that on other platforms, for instance, YouTube, by starting up their own channels and appealing to their target demographic by creating videos that they would connect with, using visual pieces and royalty-free music to make an impact and potentially bring in even more fans and other viral/influential moments on screen.
Here’s the thing….the same thing happened with Instagram just a few years ago. People got interested in the app that was normally just for teenagers, but they thought the way to make money through Instagram was to get a lot of followers.
But now that we see Instagram as a full-blown marketing tool for business where you don’t actually need a lot of followers, I can see that more and more people are looking into TikTok, and they don’t want to wait years to figure out the platform and how to monetize it. So people are getting on this social media platform and using resources like a username generator, as well as buying followers, for example, so they can have a solid start as they move online.
People want to jump on TikTok early so they can capitalize on all the interest today and start to make money from TikTok.
6 Ways on How to Make Money On TikTok
Growing Accounts and Selling Them
The first way people are making from TikTok is by growing Accounts and then selling them. This is becoming more and more popular in the e-commerce or product space.
Similar to Instagram, you’re going to choose a niche, and then go ahead and create entertaining content, viral to attract that person who would be the ideal customer for your product.
There are already people in this space today who are growing TikTok profiles around a content interest. Usually, it’s a niche topic and they might not have anything to sell, but they’re going to reach out to brands in that industry and sell their TikTok profile to them and people are legit making money this way.
The good news for product brands is once they have that account in their hands, it’s actually fairly easy to sell products.
And of course, there is the link in the bio where you can always drive your followers to purchase your product.
So if you are the type who loves and is into TikTok, and you just want to grow a following around a certain topic and build that community around a certain topic, go for it and reach out to those brands who will love to access those followers and sell them in your account.
The second way people make money from TikTok is by going live and collecting donations from viewers (just like you can do on other platforms, like Twitch).
When you are a TikTok user, you can go into your profile and purchase something called coins. For a hundred coins it will cost you $1.39.
Now, what do you do with these coins?
When one of your favorite creators is going live, you can actually send them coins as a way of giving thanks for all of their effort in creating the content they do.
What does the creator do with these coins?
The creator turns the coins into diamonds and those diamonds can be converted into cash via PayPal.
Manage Influencer Campaigns
The third way to make money from TikTok is to manage Influencer Campaigns.
This isn’t a new idea. There are straight-up influencer agencies to serve Instagram influencers already.
The same concept applies to TikTok. Through influencer management you can be the middleman or the broker between a creator on TikTok and a brand that wants to work with that influencer.
From creating the agreement, managing both parties, making sure the deliverables are all met, just being a coordinator you can charge a service fee to manage campaigns like that.
TikTok is a smart platform, they actually have an internal influencer program already built in. So if I’m a big brand and I want to reach out to TikTok and say, Hey, this is the space I’m in, what influencers should I work with? I can do that.
The only thing is, I’m gonna pay a percentage to TikTok for brokering that agreement.
That’s where you can come in as a service agency to make that agreement outside of TikTok and help brands save a little bit of money.
TikTok Ads Platform
The fourth way you can make money from TikTok is by using their ads platform.
Just like Facebook and Instagram ads, you can Google right now, “TikTok Ads” and sign up for access to their ads platform.
It is pretty self-explanatory if you’ve ever run paid traffic before, so if your market’s on TikTok, it might be worth you creating a few ads, putting some budget toward experimenting there, and seeing what happens. You can also hire a tiktok marketing agency to run a marketing campaign for you by analyzing your products and target clients. Such agencies can also utilize famous influencers, who may have followers similar to your brand niche, to advertise and promote your products.
The fifth way you can make money from TikTok is by offering management services for creators on the app.
Some creators on TikTok have millions of followers and sometimes this happens really fast and overnight for that creator. It’s like having a business land there.
You could step in and offer services to help them with their content strategy, their creative strategy, maybe managing offers and deals that come their way.
So if you have that background in production or storytelling, you could definitely apply that to offering management services to TikTok creators.
Last but not the least, once you become a pro on TikTok, and maybe you really understand how someone could take a video that maybe gets a hundred views and help them get 100,000 views, well, you can simply offer consulting services.
This is a really great way to leverage your expertise from the platform and help people who want to be TikTok famous or they want to be creators, actually boost their strategy so their videos get seen by hundreds of thousands, if not millions of people.
Of course, you need to have the background and the experience in this first to offer this as a service. But once you’re there, people will pay to have your experience and your brain on their account.
And if you help them get any deals or influencer agreements, you can even negotiate a percentage or a cut of that deal simply because you are their consultant and you have helped them go viral on TikTok.
How much can you earn on TikTok?
According to them, a TikToker can earn between $200 and $20,000 for a branded video. The earnings depend on the number of TikTok followers you have and your engagement rate, meaning how often users interact with your account and like and leave comments on your short videos.