Social media platforms today offer unusual yet effective methods to make money online. TikTok is one of the most frequently used ones in the world, especially among younger audiences. Its users love to participate in TikTok challenges, trends, fun dances, lip-synching videos, pranks, and many more indeed. So if you’re curious about how to get paid from TikTok and how to make money on TikTok, let’s get to it.
Countless TikTok stars emerged from the platform, making ridiculous amounts of money by utilizing various digital marketing tools as more and more people watch their videos.
This article covers how these TikTok stars make money from the app and also explains the best ways to make money on TikTok.
How to Get Paid From TikTok
TikTok today is the most popular entertainment platform among people around the world. There are plenty of ways you can monetize TikTok. It takes energy, effort, creativity, and the sparkle of imagination. Firstly, let’s list the ways to make fast money off TikTok below;
- Influencer Marketing
- TikTok Creator Fund
- Live Gifting
- TikTok Business Account
- Get Followers
- Use Social Media Platforms
Having a large number of TikTok followers and a constant flow of TikTok likes is the way to go to make money on TikTok from influencer marketing. A TikTok influencer can affect other users’ purchasing decisions because of their positive social proof; credibility, and organic relationship with their followers. Many brands work with TikTok influencers to promote their new products & services and to improve the brand awareness of their target audiences. The most popular TikTok stars, such as Loren Gray, Baby Ariel, or Charlie D’Amelio, can make more than 50.000 USD for each sponsored post.
Although it does require tremendous dedication, effort, and luck to become a famous TikTok star; it is also possible to make money through influencer marketing on TikTok even if you have a small but dedicated follower base. You can contact relevant brands to your niche and start enjoying the perks of influencer marketing on TikTok.
TikTok Creator Fund
TikTok Creator Fund works as an organization within TikTok. It helps creators by rewarding them for their dedication, effort, and creativity. If you meet all the requirements, apply by clicking on Creator tools and then TikTok Creator Fund. TikTok evaluates your account by checking your video engagement, video likes, and views. TikTok Creator Fund has some eligibility requirements.
Check the following criteria to see how to get creator fund on TikTok;
- You must be 18 or older.
- You must be a resident of the US, the UK, Italy, France, Spain or the UK.
- Having a minimum of 10K followers, and 100K video views within the last month is a must.
- You must be creating videos in line with the Community Guidelines.
TikTok is a great platform to make money through donations since it has a built-in monetization feature called coins. Coins are purchased by users beforehand; they enable those users to send coins to their favorite TikTok creators to show appreciation when the creator goes live. There are different types of gifts your fans may send such as funny gifs, lovely emojis, stickers, etc. These coins can be converted into cash through PayPal by the creator. The gifts you receive live that you can monetize are called Diamonds. Moreover, if you’re of age or older, you can collect Diamonds on your live videos.
TikTok stars often go live to get donations from their followers and keep their engagement levels high. So to become one of them, don’t hesitate to go live and collect Diamonds from your fans.
TikTok Business Account
If you have a loyal and engaging follower base on TikTok, you can start thinking about creating your brand. It is one of the most realistic ways to make money, as TikTok is an efficient platform to promote your brand with fun and engaging videos without any real investment in advertising. It is sensible to specifically design or create a product that your audience will enjoy. You can also advertise on TikTok. They have a self-service ads platform where you can create your own ads campaign within a short time.
At first, you’ll need to have a TikTok business account, which you can also call TikTok Ads Manager account.
Time needed: 5 minutes.
Here’s how to start a TikTok business account in a few steps:
- Sign up for Tiktok for Business.
Create TikTok for Business with your current TikTok account and authorize it. You can start a new account as well. It’s totally up to you.
- Register with your information.
Enter your country info, the industry you’re working in, business name, and phone number.
- Verify your account.
Verify your e-mail address or phone number and the registration will be complete.
Make Money by Consulting
There are many creators on TikTok that are looking for ways to get more likes and followers. You can offer them your expertise if you have viable experience or background on the platform. So you can help them reach their goals by offering advice about content, TikTok features, and follower interaction. You can help them find and negotiate sponsorships deals on TikTok indeed.
Having a high amount of followers is an essential component in your TikTok monetization. In fact, it shows you’re a trustworthy, popular, and high-quality TikToker. You can achieve more followers by creating content that is targeting your audience, interacting with other TikTokers, and most importantly being fun and entertaining by creating funny TikTok ideas. There’s also the option to buy TikTok followers which will give you the opportunity to have a fan base from scratch.
Drive Traffic to Other Platforms
Creating content on other social media platforms such as Twitch, YouTube, or Instagram is another great method to a steady income. You should link your TikTok account to these platforms and also utilize their respective monetization features. All of these platforms and many others have a monetization policy suitable for your TikTok content.
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Make Money on TikTok in a Word
TikTok is one of the most actively used social media networks of today, with millions of users worldwide. As the app keeps expanding its user base, it gets relatively easier to make money from TikTok. If you have a considerable number of followers and consistent likes on TikTok, you can have a steady income since you can utilize influencer marketing, donation features, and many other methods.