Tiktok is a revolutionary app of short videos that have taken the world by storm. It has been one of the most downloaded apps throughout various app stores. And its content creators have been flooded with educational, comedy, music, songs, and dance videos.
Tiktok rose like a ray of hope for many creative minds to present themselves on the world stage. This has opened up business opportunities for many to showcase their products and services and reach out to billions. You can also check How to Make Money on Snapchat in 2022: Your Ultimate Guide.
But what is for content creators to earn money through TikTok?
Let’s figure out:
If I paraphrase your question, then it would be “How do people make money on TikTok?“
The answer is: Yes, it’s possible to make money through TikTok. One can be a TikTok influencer and an ordinary user and make money.
The simple mechanism to make money through social media is monetizing your channel, attracting users, and making money. To answer, “How to get paid?” Here is a list of suggestions that you can follow and make money on TikTok.
1. Join the TikTok Creator Fund
This is the simplest and the most common way to make money on TikTok. You have to be 18 years or above in age, a citizen of the USA, and can start creating videos. The monetization conditions are to have at least 100,000 followers with 100,000 views in the last 30 days. Keep one thing in mind that you create original videos.
Always abide by the Tiktok community guidelines to ensure that your account stays away from any restrictions.
The core of all the types of earnings is influencing more followers. The more followers you have, the more you can sell. You can sell any products or services on Tiktok. If people like your content, they will follow your endorsements.
You can sell anything on Tiktok like mobiles, apps, clothes, durables, etc
When you have more followers in your bucket, you have your market. You can influence them in the way you want. Once you have many followers, popular brands contact you to promote their products and services.
This is a fantastic way to make money because you have a contract with brands.
Not just content creators, businesses too are benefited from Tiktok. Advertising on Tiktok brings more revenue to businesses at a low cost. Millions see an ad on Tiktok at a time. There are many options for ads like in-feed video ads, hashtags for brands, and much more.
It’s another way to earn money on Tiktok, where users purchase rewards like coins, and they can be gifted to their favourite creator while they are live streaming. So this way, Tiktok users earn money on Tiktok.
It’s like giving a readymade account along with huge followers. Some companies want a social media presence but don’t want to wait for the follower building. In this case, you can create an account, increase followers and sell it. You can get a good amount for these accounts.
For this, you need to have a stronghold on a particular niche. Post regularly engage with your followers. That’s how you can build your small empire. For selling TikTok accounts, you can visit 123accs, Accfarm, and Fameswap.
Many businesses look for influencers on TikTok so they can connect with more customers. You can work for these brands as a middleman. You can guide them in finding influencers for their brand.
Acting as a middleman, you must ensure that all activities are completed.
Some content creators are good at creating stunning videos only; they are not good at managing their accounts. For then, you can offer your account management services.
You can help them create written content, designing thumbnails, tags, etc., so that they can focus on content while you manage their account. You can charge them a fee for that.
More views are always encashed in various ways. One of the best ways to earn is through affiliate marketing. While uploading a video, you can place your affiliate link in the description or the bio. Users who buy something using your link get you a good commission.
Some people earn 100k each month just by affiliate marketing.
You can promote music tracks by adding them to your videos. It pays well.
When you promote a particular brand through your creative videos, you act as ambassadors for these brands. You get paid a reasonable amount for your promotion, and on top of that, your influence sphere expends.
You can start with TikTok’s Creator Marketplace to connect with the brands that pay. You get paid when you promote these brands through your videos. This is an amazing way to earn money on TikTok.
Although many parameters vary your income on TikTok, if I calculate by the data, then I would say that per 1000 views, you get paid 2 to 4 cents. So, a viral video generates $20-$40. It is not a very good amount. Though it is directly generated from TikTok, there is no sponsorship yet.
There are many ways by which you get paid, although many TikTokers are switching to other platforms for better income.
For TikTok, there have to be at least 10,000 followers in your accounts. This is the criteria. The number of views required to make money has been discussed above.
I think there is ignition in you about earning money through TikTok, and you are more interested in knowing strategies to achieve now.
Before we begin with strategies, let’s meet some of the most successful TikTok Influencers so that you have a blasting start.
Addison Rae Esterling- As per a report, she (the dancing queen) earns $5 million per annum, making her the highest-earning TikToker.
Charli– $4 million per annum by performing short dance routines in her bedroom.
Dixie D’Amelio-$2.9 million per annum by brand promotions.
Demi Bagby-Total earned more than $3 million as a fitness influencer.
Chef Gordon Ramsay– Earned more than $3.8 million just by showing his kitchen skills.
So, there are people who are earning millions from TikTok.
Now, let’s talk about strategies.
Look for a reliable brand you can trust and do sponsored content for them. Sponsored content is content for which you are paid. Like you are paid for promoting a whey protein to your followers and getting paid from that brand.
TikTok is flooded with these brands, which are ready to pay for their promotion, and it is becoming a preferred choice for them.
It is opposite to what I had explained in the previous strategy. Here, you are a business and connect to an influencer with a huge fan following. They talk about your brand and their followers buying your products or services, ultimately increasing your revenue and presence.
Revenue doesn’t matter whether it comes from an end customer or a business.
Since TikTok is a civilization of over 1 billion users, you must not miss this vast market to advertise your brand. Think about your ad being watched by billions just after it was uploaded. Imagine your presence and the revenue attached to it.
Advertising on social media has been in trend for a long, and it has a good ROI.
Keep everything aside before you are legally qualified to make money on TikTok. Here are the criteria for entering the world of opportunities.
- Must be a citizen of US/UK/France/Germany/Spain or Italy
- Must be 18 years or above
- At least 10,000 followers
- At least 100,000 views in the last 30 days.
- Must meet the TikTok Community Guidelines
We have tried to discuss the endless opportunities on TikTok. We need to agree that short video apps like TikTok have changed how we look at the internet. It’s must not be used for entertainment only; it’s time to be a part of its huge success and earn thousands of dollars. Today people don’t talk about engineering or being a doctor as a career; they have another option on the bucket list. That’s being a social media influencer. TikTok has made it possible, and thousands of people are making money using their creativity.
The world is changing!