You’ll discover how to make money on TikTok with five easy-to-understand methods. We also answer some FAQs and research reports. Click this link to see!
Tik Tok is gradually becoming the leading social networking platform with millions of hits and active daily users.
So, many people can see massive and attractive profitability in this application. The question is: “How to make money on TikTok?”
In this article, let’s dive deeper into the five popular methods of making money. Besides, you will also get some valuable tips and case studies.
Can You Make Money On TikTok?
Yes. You can make money from Tik Tok because there are many different and potentially huge profits. Currently, Tik Tok has added a Creator Fund program to support creators when creating engaging content.
One essential requirement for an account to participate in this program is that the user must be over 18 years old. In addition, they need to have 10,000 followers and 100,000 views within the last 30 days.
Besides, users can also create many different methods of making money. The above conditions will not even restrict you. Choose a different approach to customers depending on your strategy or construction plan.
Many users think of combining different styles to increase their income.
How Many Views Are Viral On TikTok?
How To Make Money On TikTok?
As we said above, many ways to make money on Tik Tok exist. However, there are five of the most common, which we’ll dive into in more depth below.
1/ Partner With A Trusted Brand
One of the most popular methods of making money on Tik Tok is collaborating with different brands. They will ask you to create sponsored content.
Often, companies will contact potential creators to promote their brand or service. In return, you will receive a fee or bonus product.
With the growth of TikTok and social media platforms, brands are more interested in promoting online than ever before.
A study has shown that the percentage of businesses choosing marketing on Tik Tok has increased by 52% within three years.
In addition, research by eMarketer shows that businesses want to partner with KOLs who have potential customers with them.
Therefore, you should also maintain your cooperative stance. Don’t try to force yourself to work with brands that don’t fit your channel’s core content.
2/ Partner With An Influencer
This method is suitable for those who have already built a business account and want to increase their recognition.
The formula is to find an influencer with the right style and work with them.
Some notable examples were when Elon Musk increased the value of Dogecoin by 600% in just a few tweets.
Fragrance house Maison Margiela has partnered with fashionista Wisdom Kaye and flour brand Robin Hood has teamed up with food blogger Tiffy Chen.
According to Tomoson statistics, the average business will earn $6.50 for every $1 spent on creators. Even the top 13% of companies can earn $20.
Besides, customers who know the brand through influencers have higher loyalty and ability to spend than other sources.
3/ Advertise And Sell Your Products
In 2021, Tik Tok launched TikTok Shopping to encourage business customers to sell directly on the platform.
The ultimate goal of this feature is to keep users active within the platform’s ecosystem instead of going elsewhere.
TikTok Shopping has quite a few notable features and links with Shopify. Users can add a purchase tab to the profile to navigate the user to the sales page.
Besides, you should also include a link to the store in your bio. The audience watching the video will most likely be your potential customers in the future.
4/ Get TikTok’s Creator Fund Payouts
When you join Tik Tok’s Creator Fund, you can earn money to create content.
Your account will need to meet some followers, views, and age requirements. Tik Tok will only browse and select attractive creators to participate in the program.
The two main factors that affect your revenue are engagement and video views. The more viral your video is, the more money you will receive.
5/ Join Affiliate Programs
Lastly, you can participate in affiliate programs if you do not own any products or services.
You can promote product links. The brand will pay you a commission if the user clicks and makes a purchase. There are three simple ways to do this:
- Put a link in your bio, profile, or video comments section. Then promote or find a way to drive your free traffic to the link.
- If you want to place more links or maintain more diverse interactions with users, redirect them to another social platform. Instagram or Facebook is the right choice.
- You can also link to brands to receive vouchers or promo codes. Leave it as a URL and let the user click on it.
How Much Do TikTokers Make?
It will depend on how you apply monetization methods and the amount of engagement with your videos.
The key to increasing your channel’s revenue is to keep your audience excited about your videos. If you build this stage well, brands will hunt you down.
Paid partnerships and brand deals contribute significantly to the enormous revenue of top TikTokers. According to a Forbes report in 2021, the list of the five most profitable TikTokers are:
- Charli D’Amelio (140.3 million followers): $17.5M.
- Dixie D’Amelio (57.4 million followers): $10M.
- Addison Rae (87.5 million followers): $8.5M.
- Bella Poarch (89.4 million followers): $5M.
- Josh Richards (25.6 million followers): $5M.
How Many Followers Do You Need On TikTok To Get Paid?
You don’t need too many followers to make money on Tik Tok. Some businesses just focus on advertising and partnering with influencers to increase traffic.
However, if you want to participate in the Creator Fund program, you need to have 10,000 followers. To do that will take some time and effort.
Hopefully, our article has helped you have an overview of the methods of making money on Tik Tok.
You’ll need to invest time and effort, in the beginning, to increase engagement and engage your potential audience.
Even so, once your channel is up and running, it will be a great source of income. Thank you for taking the time to read the post!