How can I make money on TikTok? TikTok has become one of the most widely used social media platforms since its launch. And, arguably, it keeps growing rapidly every time. However, it has managed to attract the younger generation with its amazing features and its large base.
With this, TikTok has marketing potential. So it is no surprise that lots of people must have figured out how to make money on TikTok. If you haven’t, then I must say you are missing out. The platform is not just all about making and posting videos; you can also earn on it.
The fast-growing TikTok users have made the platform an ideal marketplace. That is, you can monetize your account and start making money. And by 2024, TikTok is expected to reach close to 2 billion users, which makes it a huge platform.
Therefore, if you have a large number of views or followers, or even if they’re small, you can grow. And with your TikTok audience, there are several strategies that you can use to make money on TikTok.
However, if you have not discovered how to make money on TikTok, you can read through this blog post to find out the strategies that you can use to make money using your TikTok account.
How To Make Money Using Your TikTok Account
If you have a TikTok account, you can now start earning money with just a few strategies. In this section of this article, we will provide several strategies that you can use to earn money on TikTok.
Sell Merch and Other Products to your Followers
By selling your products on TikTok, you will be able to monetize any type of content. Lots of TikTok creators sell their merchandise to their loyal fans and make money from it.
There are lots of companies that create print-on-demand merchandise. And this has made several merchandise items available for you to choose from. You can choose to sell tote bags, t-shirts, hats, stickers, coffee mugs, and pillowcases.
By selling printed products, you will be able to generate revenue. By owning your own branded merchandise, you will be able to give your loyal fans a deeper connection to your brand. And people who buy and wear your brand will be able to create awareness about your brand.
Be Part of the TikTok Creativity Program
People who have gained a reasonable amount of followers might consider earning money on TikTok via the TikTok Creativity Program.
TikTok creators who are based in the United States and have at least 10,000 followers and at least 100,000 video views within the past month are qualified to be a part of this program. However, in the coming months, the program will be available to other users.
Make Use of TikTok Ads to Drive Traffic
If you want to grow your TikTok followers or you simply want to drive traffic from TikTok to your site, then you can make use of hashtags and in-feed ads to drive traffic to our e-commerce site.
Having organic views isn’t enough to drive traffic to your TikTok page, which is why you will need in-feed ads.
Partner with Brands and other TikTok Influencers
One of the best ways TikTok allows creators to make money is via the Creator Marketplace. This connects the TikTok creators to the right influencers and establishes a partnership in an easy and fast way.
TikTok makes it relatively easy for creators to make valuable sponsored content. Brands who want to run an affiliate marketing campaign can look through the marketplace and swiftly shuffle through all the content made by several creators who want to work with brands.
TikTok Creator Marketplace serves as an influencer agency, and it enables both sides to show their willingness to work with one another, which makes it much easier for marketers to partner with influencers.
Go Live and Receive Virtual Gifts
Receiving gifts live is one of the useful features that many creators are searching for to monetize their content while live streaming. Many social media platforms have live-streaming features. But TikTok’s own is a little different because it enables the followers to show appreciation by sending virtual gifts that can be redeemed later for payment.
Livestreaming will help you develop a valuable relationship with your fans. Most audiences who have a quality connection to a content creator tend to build a personal stake in the success of the creator. This means that live streaming can help you boost your monetization streams.
Receive Tips from Your Audience
Using a tipping platform will make it faster to accept donations. These tipping platforms act just like a real-life tip jar and fans who like your video can appreciate you with a small donation.
This option is not mandatory, but it is available to fans, and they can also donate any amount that they wish. You can check out tipping platforms such as Tipeee, Ko-fi, and Buy Me a Coffee.
Generate In-feed Ads with the TikTok Ads Manager
TikTok has lots of amazing organic marketing opportunities. However, if you are willing to spend just a little to broaden the reach of your content, then you might want to create your own ads with the help of the TikTok ads manager.
The TikTok ads will appear on users’ autoplay and “For You” feeds, just like other TikTok videos. To enable these, you can use paid ads, and then your videos will reach lots of audiences that are interested in your products and services.
Refer Your Friends
Even without having any followers or videos on your TikTok account, you can earn money by just referring your friends. To do this, you will just copy the referral link from your profile and then share it with your friends and contacts.
If any of the referrals join TikTok and start using it, you will be rewarded with redeemable points. Users on TikTok can earn rewards by simply watching videos and taking part in certain events that are listed on the activities page.
The above-mentioned are some of the successful ways that you can earn money on TikTok. So, if you have a TikTok account, you can grow it and use your TikTok audience to start earning money.
