With over 1 billion monthly active users, TikTok is no doubt one of the biggest social media platforms in the world. This prominence has made the site among the top choice for content creators the world over. Hence, lets us look at how to make money on TikTok.
There are various ways available you can use to make money on TikTok. However, the amount you make will depend on various factors such as your followers and brand authority.
TikTok social media is suitable for content creators who deal with short videos. A new trend that has become very common with young people. So much so that even other platforms such as YouTube and Facebook are now starting to create short video platforms.
How to Make Money on TikTok
Monetizing TikTok is the goal of all its users. Here are some of the ways to do it successfully.
1. TikTok Creator Fund
TikTok creator fund is a monetization program through which the platform rewards its top content creators. To qualify for this fund, you need to make an application and meet the set criteria.
Some of these include;
- Be at least 18 years of age
- Create original content
- Have at least 10K followers
- Have over at least 100k views in the last 30 days.
Upon qualification, the funds are disbursed on your creator fund dashboard. You can withdraw a minimum of $10 via various platforms such as PayPal.
2. Selling Your Products
TikTok has become a great market platform for users. Most content creators have the chance to market their products and services on the platform.
The more followers and users you have on the platform, the higher the chances of booking more sales. You can sell almost anything including cosmetics, services, and clothes on the platform.
3. TikTok Influencing
Influencing business is not only on TikTok but across all the social media platforms. This involves using your command of content and followers to market your partners’ products and services at a fee.
The amount of money you make through this approach depends on your followers and how well you market yourself. Hence, to become a successful influencer, you should first focus on growing your number of followers and content views.
This is possible by creating content that is of high quality and doing it regularly. You also need to have good negotiating skills with your partners to make higher commissions through influencing.
Getting donations is a successful way to make money on TikTok. However, you need to ensure you are creating great content for your fans.
As long as you are doing this, your fans and followers will have no challenges donating to keep your channel running.
You should consider including a donation channel that makes it easier for your fans to make contributions.
5. Selling TikTok Accounts
Sounds abnormal but it is a key way that most TikTok users make money. The process involves starting a channel, creating content to make it grow, and then selling it to a willing buyer.
Most buyers are those users who don’t have time to do all this work. The amount you make from selling a TikTok account depends on various factors such as the type of content and the number of followers.
Below is a recap of how to make money on TikTok
- TikTok Creator fund
- Selling your products
- TikTok influencing
- Selling TikTok Accounts