5 Ways On How to Make Money on Tiktok: Tips and Strategies
TikTok is more than just a social media platform where you can watch bite-sized entertaining videos and share your own content. It is also a great place to earn really good money.
With billion active followers, you are sure to meet your next client or customer in TikTok. You can even turn your passion into a profit generating career.
There are different ways on how to earn money on TikTok.
Whether you just started opening the app or an avid user since it was launched, an ordinary person or an influencer, there is equal opportunity for all to earn.
You just need to follow these tips and strategies so you can earn money in TikTok and turn your passion into profit.
1. Join TikTok’s Creator Fund
Through TikTok’s Creator Fund, you can earn money through the engagement and performance of your content.
Your earnings will be based on your content’s number of views, likes, and shares. You can publish any kind of video content, but the more engaging and the more popular your content is the more chances of earning.
To start earning, you need to apply to be qualified under TikTok’s Creator Fund. Here are some of the requirements to be eligible in the program:
Age: 18 years old
Account Activity: Consistent posting for a minimum of 30 days
Followers: You need to have substantial number of followers, but TikTok did not disclose the exact number to qualify. But it is generally a few thousand followers or more.
Video views: You should have a certain number of video views on your TikTok account. The exact view count required may vary. But the higher the engagement the more changes of getting qualified.
Content compliance: You should comply with TikTok’s community guidelines, terms of service, and content policies.
These requirements may vary from time to time. So it is better to check with TikTok for any updates and changes.
2. Brand Partnerships
As you continue to use the platform and gain followers and views, you may attract the attention of some businesses. They can reach out to you and ask you to create content about their products or services.
User-generated content are great online marketing materials that give businesses opportunities for increase sales. So there are a lot of businesses that seeks influencers or TikTok users with high following to help them create UGC content.
Brand partnership in TikTok is a great way to try new products and really earn really good money.
To increase your chances of getting brand partnerships, join influencer marketing platforms and connect with other creators and other brands.
3. Live streaming
Live streaming is another great opportunity to earn money on TikTok. When you livestream, viewers can send you virtual gifts. And these virtual gifts can be converted into a real money.
However, in order to receive money while doing livestream, you need to meet TikTok’s eligibility requirements.
As of now, TikTok has not released any eligibility requirements. But normally, you need to have thousand viewers and engagements to earn.
TikTok frequently updates their policies and requirements, so it is advisable to always watch out for announcements and visiting TikTok’s official resources and terms of service.
4. Selling products
With billions of active users, you can definitely find your next customers on TikTok. That is why it is also a great platform to showcase your products and services.
You can sell products on TikTok by creating some content about it and posting the link on how they can order and checkout.
TikTok also has a built-in e-commerse feature where you can directly order without leaving the platform.
Some of the well purchased products on TikTok are clothing., accessories, personalized items, among others.
5. Affiliate marketing
Another way of earning money on TikTok is by doing affiliate marketing. Affiliate marketing is promoting someone’s product and getting a commission or percentage on its sale through affiliate links.
You can contact businesses and join their affiliate programs. You can then promote their products on TikTok and share your affiliate link through the caption.
Earning On TikTok
Earning money on TikTok, is not an overnight thing. It takes a lot of time, effort, creativity and consistency.
You need to focus on creating high-quality and engaging content as well as be consistent in posting. Post twice or three times a week and post during the best time of the day. These strategies can help you gain more followers and establish your brand.
Check out these strategies in creating viral content as well as getting your first thousand followers on TikTok so you can start monetizing your account.
On the other hand, if you need help in creating videos on Tiktok, we have a ready to use TikTok Script Strategy for Financial Advisors.
Have fun!