Monetizing on a social media platform with 1 billion active users sounds crazy. But it is totally possible, and of course, the name of this platform is TikTok. We can have fun by watching different content on TikTok and earn money by making our own videos.
We can briefly introduce why you would want to earn money from TikTok. For this, you need to be creative and consistent.
How to make money on TikTok?
To make social media into sales, TikTok is a good choice. To make money on TikTok, you must create a TikTok business account. There are many features you can use TikTok for business. Because here, you are free to create content.
The type of TikTok videos you will make will help increase your TikTok engagement. As your TikTok engagement increases, you can earn more money on TikTok. Now, let's give you some tips for this. Let’s look at how to make money on TikTok in 2022.
Sell Products with TikTok Shopping
According to the latest TikTok updates, one of the newly launched TikTok features is TikTok shopping ads. The platform is currently testing 3 formats of Shopping ads: Video Shopping Ads, Catalog Listing Ads, and Live Shopping Ads. The new Shopping Ads allow advertisers to highlight one or more products in-feed video ads and make their products more discoverable.
Partner with a brand you trust
Sponsored videos on TikTok have always been profitable. Imagine that a brand pays for your video and you introduce that brand to your audience. For this, you need to get detailed information about the brand and explain it adequately to your TikTok followers.
Usually, when brands want to advertise their products to you, they first provide you with their products and services. This is absolutely the right way. Because you can tell the truth about an effect only when you use it yourself.
Turn your experience with their products into a TikTok video. Overall, make a quality TikTok video for your audience by using a video marketing strategy in all your videos.
And brands are interested in participating in such paid collaborations. According to research on influencer marketing, 68% of U.S. marketers expected to use TikTok influencer marketing in March 2021, up from 16% in December 2019. In other words, the use of influencer marketing is increasing.
TikTok has a native TikTok Creator Marketplace where influencers and brands can find each other and collaborate.
- Create a few non-sponsored posts: If you want to make a TikTok brand collaboration it must be a brand you like. You want brands to collaborate with you, and make a few unsponsored TikTok posts. Thus, by tagging that brand, you can attract their attention. Be sure that they will offer you the next collaboration, and also with paid.
Partner with an influencer
This is the reverse of the first strategy. If you have a brand and want to bring this brand to more people, you should create a collaboration with TikTok influencers. Because if your products and services are promoted by someone else, the audience will believe it more.
You can also use an Instagram influencer marketing strategy. But one of the main differences between TikTok vs Instagram influencer marketing is the variety of their content. On TikTok you can only create video feed posts or images on TikTok stories. While on Instagram, you have more options like carousels posts, feed photo posts, reels in addition to what is presented in TikTok.
You can find your audience faster and be recognized faster. For this, you need to choose an influencer that fits your niche. Usually, brands prefer to work with micro-influencers. Because they have their own niche and the people who follow those influencers are the people who are interested in this niche.
Use Tiktok Ads for your products
If you want to earn money from TikTok you have to spend to TikTok first😃 Yes absolutely true. You can advertise your TikTok posts using TikTok Ads. In this way, you will earn both get more followers on TikTok and make money on TikTok.
If you haven’t run TikTok ads yet, you can take a look at TikTok ads examples to get inspired from. Remember that you are free on TikTok, there are hundreds of TikTok users like you who make money on TikTok. So you can benefit from their work and ideas.
Join TikTok’s Creator Fund
This is the approved money-making strategy for apps that we previously discussed. Announcing a new Creator Fund on July 22, 2020, TikTok offered to donate $200 million USD to "support those who dream of using their voices and creativity to create exciting professions."
The globe and the internet ate it up, and a week later they announced that the fund will increase to $1 billion by 2023. How do you get that sweet creator cash after which? Before applying, you must check out a few boxes on the application:
- the US, UK, France, Germany, Spain, or Italy
- age of the majority is 18 years old.
- have a minimum of 10,000 fans
- own at least 100,000 recent video views
Receive Donations Through TikTok Live Gifting
Your followers can send you coin donations while you are on TikTok live (which can be traded for cash). Make incredible live streams, draw a sizable audience, and watch the money start to come in.
Be informed, though, that in keeping with TikTok's community guidelines, actively soliciting gifts is strictly prohibited. The exchange has to be organic and natural. As you get more views on TikTok lives, you can get more followers to donate.
To go live on TikTok, you need at least 1,000 followers and to earn gift points, you must be 18 years old.
Build and Sell TikTok Accounts
You can also create a business account on TikTok and sell it. Some businesses prefer to proceed with a ready-made account instead of creating an account from scratch.
For this, you should pay attention to the content you will share. Because, if you have an idea to sell this account, you should pay attention to the interests of the followers there and the content that the next owner of the account will share. One way to make money on TikTok worth checking out is.
Bonus 🌟
Monetize TikTok engagement
In August 2022, TikTok announced its collaboration with Vybe creator reward platform. TikTok gives its API to Vybe to access the quality of TikTok videos. This collab will track and evaluate content, likes, and comments on TikTok views and let users to monetize their enagement with their cryptocurrency wallets.
Users can either transfer their rewards into Algorand wallets (cryptocurrency) or convert them into other types of assets.
Although this new update is not active yet, we can expect its launch very soon.
5 tips to make money on TikTok
Be authentic
If you want to make money from TikTok, your TikTok videos and TikTok stories must be original. As we mentioned above, you can take an idea and use it, but make what you come up with your own style.
Follow your favorite TikTok creator
If you're sure about where to begin, scroll. It's likely that some of your favorite creators make it from TikTok. Look at what they are doing, such as brand deals, T-shirt sales, and writing try to put those same tactics.
Your TikTok For You Page can be the greatest inspiration to make your own videos.
Post regularly
You should post your TikTok videos regularly. Because of the first rules of the TikTok algorithm, followers on TikTok increase when they post continuously. You can create a TikTok content calendar for your account.
Once you've decided what to post, you can use TikTok automation tools. With this type of tool, you will save time by scheduling your posts and also improve their views.
The TikTok scheduler that we will recommend to you is Planly. With Planly, you can schedule your TikTok video posts. With this, you can easily complete your schedule. Check out Planly now for FREE!
Don't stop
If your goal is to make money from TikTok, work hard. When you engage in TikTok regularly, you will see the results yourself.
Frequently Asked Questions how do you make money on TikTok
How many followers on TikTok to make money?
A minimum of 10,000 people must follow you. The TikTok Community Guidelines and Terms of Service must be followed by your account.
How many views on TikTok to make money?
Another excellent question. You don't need any to earn from the platform, but you do need a minimum quantity of views to take part in some of TikTok's programs and gain access to special features.
But there are some TikTok limits for video views and follower count. To join TikTok's Creator Fund, for instance, you must have received at least 100,000 video views in the past 30 days.
How much money do people make on TikTok?
TikTok is thought to pay between 2 and 4 cents for every 1,000 video views. All of this can be credited to the TikTok Creator Fund, $300 million to pay creators who use the platform and apply for membership. The number of criteria determines how much money is given to creators: count of views.
How do influencers make money on TikTok?
Famous TikTok influencers can make between $500 and $20,000 per video from follower engagement and brand promotion. The higher the target audience's level of engagement, the higher the advertiser's conversion rate will be.
Who is the most paid TikToker 2022?
Charli D'Amelio tops the list as the highest-paid TikTok influencer of 2022. She has twice been included by Forbes among the Top 7 Highest Paid TikTok Stars. In June 2019, she began sharing dance videos on TikTok, which quickly gained popularity.
Bottom line
If you want to make money on TikTok, start by creating interesting and engaging content. Try partnering with brands or other creators to create collaborative videos.
When it comes to monetizing your account, there are a number of options available, so experiment until you find the method that works best for you. By following these tips, you can start generating revenue from your account and growing your audience on TikTok.
