How to Make Money on TikTok?

Introduction

Since its launch, TikTok has remained a popular social media platform, building on its early success as users are attracted to its short and engaging content. This rapidly growing popularity means various revenue opportunities, so incorporate them into your TikTok marketing strategy.

Many businesses and content creators earn massive revenue on this platform by serving their products or services and content directly to the TikTok audience. Now, how can you do so? You do not need to worry. This guide will explain a few practical strategies for making money on TikTok. Let’s dive into it.

8 Ways to Make Money on TikTok

There are various ways you can make money on TikTok. Here are a few ways in which you can make money.

1. Join the TikTok Creator Fund Programme

Joining a TikTok creator program is a straightforward process to make money. When a creator joins this program, they pay on their views count. But before joining, you must have completed the joining criteria, such as having completed 10,000 (10K) followers and at least 100,000 views on your videos in the last 30 days (or in a month) without considering age- and location-specific criteria. Once your video has been uploaded, it gets revenue as long as it gets views. Additionally, your earnings will differ from other engagement matrices, such as geolocated viewership.

2. Run TikTok Ads to Earn Money on TikTok

More than 80% of TikTok users are between 18 and 35 years old. It makes businesses strong platforms to sell their products and services to their audience. It allows simple tools to help you advertise to your targeted audience. Advertising formats differ by region, but you can customize your ads based on demographics such as location, interest, and behaviours. So many advertising formats are available, such as in-feed video ads, brand takeover ads, top view ads, and branded hashtags ads, so you can choose what best aligns with your advertising goals.

3. Collaborate with Brands to Make Money on TikTok

Partnership with brands is one of the best ways to make money on TikTok. Brands actively seek partnerships to boost their audience reach and promote their product and service. Once you have a strong follower base on TikTok, finding brands that align with your content becomes more effortless. In many cases, brands will approach you directly to see the value of your influencer.

4. Live Streaming or Workshops

Going live on TikTok is an excellent way to earn revenue. Like virtual video gifts, users can also send gifts during a live stream. A small gift box appears at the bottom of a live video, allowing viewers to tap and buy gifts. These gifts come in a wide variety, some more significant than ten thousand coins and some just a single coin. Many TikTok creators have revealed how live streaming can be an effective way to earn revenue. Approximately one creator earns $15 to $250 per live session, while another made impressions of $25000 from live streaming. To boost your revenue, ensure your content is captivating and valuable so the users are entertained and returning to consume more content. The more consistently you attract viewers, the higher the chances they will stay engaged and send you virtual gifts.

5. Sell Your Products and Merchandise

TikTok provides countless opportunities for creators to market and sell products. Various content creators utilize this channel to launch merchandise or build affiliate income around existing products. It means small brands can create more creativity to showcase their offerings, demonstrating the functionality of products and appending links to drive traffic to their e-commerce website or store, among other things. Whether it is product demos, reviews, or tutorials, TikTok’s short-length content makes it the best place for impressive promotions.

6. Set Up a TikTok Shop to Make Money on TikTok

TikTok collaborated with Shopify to launch the TikTok shopping feature, allowing brands and creators to set up their e-commerce stores on TikTok. Creating a shop link will enable you to easily showcase your products in the feed, product showcase tab, and live stream. Creating a shop is a straightforward process. You need to meet the eligibility criteria, and you can sign up to create a TikTok seller account. It is where you can manage orders, inventors, promotions, and many more. Additionally, this seller center is only available in select regions.

7. Make Money through the TikTok Affiliate Marketing Programme

Affiliate marketing is a highly effective strategy and one of the best methods to boost strong return on investment (ROI) with TikTok. It refers to earning a commission on every sale that comes your way through a unique affiliate link tied to promoting company products. Many creators mention these affiliate links in their video captions and profile bios, making it simple for their followers to access them. Essentially, affiliate marketing on TikTok leverages the trust of your audience, allowing them to recommend products that make neutral sense with your content.

8. Use Other Apps to Watch TikTok Videos

If you want to make money on TikTok, apps like Swagbucks and Coinbase allow you to use their app to watch videos and earn revenue through their app. Some apps reward you for providing input on content, while others reward you for how many videos you have watched.

Ending Thoughts

Whether you are a small business or a content creator, understanding how to make money on TikTok is crucial. TikTok allows you various opportunities to turn your profitable endeavour. By leveraging the TikTok creator fund program, running TikTok ads, collaborating with brands, and live streaming, you can make revenue on TikTok and build a continental income stream. By effectively leveraging strategies, you can boost your reach and engagements, which helps you to earn money.

If you want to make money on TikTok, our guide will help you. This guide discusses seven strategies for making money on TikTok. Go through our entire guide to explore in depth.

Frequently Asked Questions (FAQs)

Question. Can I earn revenue on TikTok even if I do not have huge followers or verified accounts?

Answer. No, you do not need to get huge followers. However, you must have at least 10,000 followers and 100K views on your video within 1 month (30 days). Based on your content, you can earn through brand deals and sponsorships.

Question. How many video views do you need to make revenue from TikTok?

Answer. You must have at least 100K views in the past 30 days to make money from TikTok. Otherwise, sharing a link to the product in videos or bios does not require a specific number of views.

Question. How much revenue can I make on TikTok?

Answer. Your revenue depends on several factors, such as your audience size, engagement rates, and the chosen monetization method. However, you can make significant money on the TikTok platform if you have a large audience.