TikTok is one of the rapidly growing social media applications with high popularity. Currently, the app has 1 billion monthly active users and 20.33 million users per day. Without any doubt, the count will increase day by day.
TikTok is a trending platform, and it reached more than 2 billion downloads last year. It is a short video-sharing application, and now it has become a popular platform to make money online.
Are you wondering if it is possible to make money on TikTok? The answer is yes. It is very simple when you follow some effective strategies.
Millions of famous creators, brands, and influencers are using TikTok to make money, and some of them are earning five digits incomes. You may think about how I can make money through TikTok. In this article, I’ll share some effective tips to make money on your TikTok videos.
Let’s get started!!
Tip 1: Go Live On TikTok And Collect Donations
Like Facebook, Instagram, and YouTube, TikTok has a feature of live streaming. It allows you to talk and engage with your audience if you have more than 1K followers in your TikTok account.
TikTok allows users to purchase gifts and coins from their profile, and these gifts and coins are used in live streams. Users can send gifts or coins to their favorite content creator to show their appreciation.
Go live often to collect gifts and coins from your followers. Additionally, you can turn these gifts into diamonds and convert these diamonds as money. TikTok allows you to withdraw the money directly with your PayPal account.
Note: 50% of coins can be converted into cash, and the rest will be distributed to the Google Play and Apple app store.
Tip 2: Grow A TikTok Account And Sell It
Another exciting way to earn money is by growing a TikTok account and selling it. To get started, create a TikTok account and find a specific niche. After creating your account, start posting quality content consistently to boost TikTok followers and increase engagement rate.
Once an account has grown up with enough engagement and followers, reach out to brands and sell your TikTok profiles to them. Additionally, you can sell two types of accounts on TikTok.
- Themed Accounts
- Personal Accounts
Themed accounts have more engaging followers because of the theme, and you can find more buyers. But it is hard to sell personal accounts on TikTok because of the change in ownership.
For instance, if you create a TikTok account for travel destinations, you can quickly sell to businesses that offer travel services.
Tip 3: Publish Sponsored post
One of the easiest ways to make money on TikTok is by publishing sponsored posts. Business insider report says you can earn an average of $0.01 to $0.02 for a single sponsored post view on TikTok. So if your video gets 100K views, then you can earn $1000 in sponsorship.
Once you’ve grown your account to a certain level with a huge following, you can approach brands and offer your services. For sponsorship, you don’t need to have millions of followers; all you need is few engaged followers.
Search for brands who are interested in growing their TikTok presence and reach out to them first. Also, analyze some influencers to find the sponsors they work with. Once you find a list of sponsors, approach them through the mail, including the below information.
- About you
- What you do for them
- Share essential metrics like engagement rate and your TikTok follower’s count.
- Tell your success story from previous sponsorship
- Share your achievements
- Tell what makes you an expert in your industry
Note: if you are just starting out, it is a great idea to partner with a small business. This will help you to work with big brands.
Tip 4: Be A TikTok Consultant
If you are a TikTok expert, then plenty of brands and individuals are ready to pay for your services. Become a TikTok consultant and share tips to become famous on TikTok for a consulting fee.
As a TikTok consultant, start teaching others and earn money on TikTok.
- How to write an attractive bio
- Tips to gain a million followers
- Secrets to boost engagement rate
- How to famous on TikTok overnight
- How to shoot quality videos
- How to make viral videos on TikTok
So if you really understand TikTok and you have the potential to create viral videos, teach others for a consulting fee.
Tip 5: Sell Your Own Merchandise On TikTok
Another exciting way to make money on TikTok is by selling your own merchandise. Once you have a loyal following in your TikTok account, start launching your own products(physical/digital).
Like other social media sites, you can use TikTok to promote your brand or services. The key feature is to create compelling content to attract the attention of your target audience.
For instance, if your business is related to fashion, you can share 15 seconds makeup tutorials videos on TikTok. At the end of your video, add promotional advertising of your products and tell how customers can buy your products.
Create interesting videos to attract millions of new users and add a relevant call to action (CTA) to drive more traffic and sales to your target website.
Tip 6: Become A TikTok Influencers
One of the easiest ways to make money on any social media platform is by becoming an influencer. Brands take the help of influencers to promote their business or service that we call influencer marketing.
According to the survey of Linqia, 92% of marketers said influencer marketing is very effective for their brands. Followers count is not essential to become an influencer. All you need to have a few thousand engaged followers.
Many brands look for engaged audiences before collaboration. Most of the influencers have huge followers with less engagement rate. Post high-quality unique videos and boost your followers to become influencers and make money with sponsorship.
Tip 5: Invest In TikTok Ads
Ads are one of the inorganic ways to boost your reach and sales on TikTok. Like other social channels, TikTok allows you to run ads. Additionally, in TikTok, you are allowed to add a clickable link to your ads. You can link to your landing page, target website, or app download. TikTok offers some different types of advertising there are,
Brand Takeover Ads
These ads allow you to create images, videos, and gits with clickable links to a hashtag challenge or your landing page.
Infeed Native Ads
This type of ad is similar to Instagram story ads and allows users to click website links and app download.
Instead of creating your own hashtag challenges, you can use promoted hashtag challenges to boost your video engagement rate.
These ads are similar to Snapchat’s 2D and 3D lenses for photos and faces.
Tip 6: Cross-Promote Your TikTok Account
More than 200 social media applications over the world, and each platform has various types of content with different kinds of audiences. According to the research of Neal Schaffer, cross-promoting videos are the best way to boost engagement and get more sales conversions.
Since TikTok is a vertical video platform, you can share it with Facebook, Instagram, and YouTube stories to attract new audiences to your TikTok profile. To boost your TikTok followers, share videos on Facebook and Instagram stories, add your TikTok profile link, and boost a new audience to your account.
With this, you can get massive new followers to your TikTok accounts, and if they are interested in your brand, they will buy your products. With this, you can make more money through TikTok.
TikTok is a fast-paced network, and that is different from other social media platforms. There are plenty of opportunities available for making money on TikTok. All you need to do is create quality content that your audience will engage with. I hope these six excellent tips will help you promote your brand and earn more money on TikTok.
Author Bio: Anne Joseph is a passionate social media writer and working at Bouxtie. She has strong strategy skills in developing and managing social media campaigns. She loves to make new connections and enjoys the opportunity to work with social media influencers. Start following her on Twitter.com.