Can you make money off TikTok?
TikTok has become one of the most used influential social media platform in the last few years. TikTok is a platform that allows creators to make short videos, ranging between 15 seconds to 5 minutes.
Content creators on TikTok usually use their phones to record and edit their videos using the in app features. This gives everyone a chance to share their content on the platform and monetize it after gaining a good audience.
Many people have already taken the opportunity and are making money. Some have found a full-time job with the platform.
Can I Make money on TikTok?
Yes. You can not only make money on TikTok, but also make TikTok your fulltime job. Creators who have grown their audience to millions with around a dozen million views on their videos are making huge amounts of money. Thus, using various ways, you can make money on TikTok.
How much money can one make on TikTok?
The size of your audience determines how much you make on the TikTok. If you have a huge following you will make a huge amount.
How many followers do you need to start making money on TikTok?
Although it’s the overall engagement of your account that counts, with 10,000 followers and 100,000 video views you qualify to make money on the platform through TikTok Creator’s Fund. Nevertheless, you need to be at-least 18 years of age and be a resident in one of the eligible countries.
5 Strategies you can apply to make money on TikTok
- Become an influencer
TikTok’s algorithm it the easiest to follow right now. This means that it is very easy to create an audience following simple tricks like quality content and consistency. You just need to learn some more tricks such as who to be and stick to a niche so as to attract and maintain more viewers.
So, if you choose to share beauty content or comedy, make sure you stick to it so as to hook your target audience and keep them coming for more. That way, you can attract business to partner with you in showcasing their products at a fee.
2. Creating Sponsored content
If you are an expert in a particular field you can attract businesses that would like to have you make videos on their social media. You may have come across brands who hire different makeup gurus to make content for them.
3. TikTok Creator’s Fund
This program started in 2020 with TikTok launching it first in the US. The idea was to encourage creators on the platform. TikTok promised to make the program available around the world.
Here, creators earn money according to the number of views a video gets. However, as I stated earlier this method is not available to all countries around the world. It’s currently available only in US, UK, Italy, Germany, France and Spain. Also, you need to meet various TikTok policies and guidelines such as being at least 18 years of age, among others.
4. Use TikTok to promote your products
With a good following, you can decide to start a business that relates to your content. Then you can make videos featuring your products and make sure to include the details of your products. Give your audience more reason to reach out to you and purchase your products.
5. Through TikTok Coins
Creators gain coins when followers gift them during Live on TikTok. These coins are then converted to dollars and withdrawn through various payment methods. To go Live on TikTok you need to have a thousand followers. So, you need to grow your account followers to 1K to make money by receiving coins on TikTok.
There are more than a dozen ways you can monetize your TikTok account. For example, you can engage in affiliate marketing where you post a link on your bio and direct people to your blog where you have affiliate links.
You can also make money on TikTok by giving shout-outs to other accounts. If you go to Fiverr, you will come across several people selling shout-outs for a good amount. It could be you as well.
So, get up. Get creative and keep creating.