How to Make Money on TikTok

-How to Make Money on TikTok-

TikTok has something for everyone, from funny animal videos and viral dances to creative visual tricks and mimes and popular songs. TikTok, like YouTube and Instagram, is being used to generate income and build a career as an influencer. But where do you start? Read through to know How to Make Money on TikTok.

Can you make Money on TikTok?

Yes, you can make money on TikTok, in a nutshell. Making money on TikTok, like painting a picture or determining your ex’s ex’s relationship status, requires a little imagination.

While there is official, app-funded methods of earning money (see Strategy #4 below), there are numerous other ways to make money on the platform—even if you don’t have a large following.

Many TikTok users have already achieved financial success through the app, similar to social media creators active on other platforms. 

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How Much do TikTokers make in 2022?

How to Make Money on TikTok

There are many ways to make money on TikTok (see below), and your earnings will be determined by how you monetize your account. TikTok brand partnerships can earn you up to $80,000 per month.

That’s right — if you’re a big enough creator (with a large and engaged audience and a track record of success on the platform), your earnings from a single video can buy you a nice car.

For every 1,000 views, you can earn between 2 and 4 cents through the TikTok Creator Fund. This means that after a million views, you can expect to earn $20 to $40.

Ways to Make Money on TikTok

Below are some ways you can earn money on TikTok:

1. Partner with a Brand you Trust

TikTok defines sponsored content as content for which you receive something of value. Isn’t that the goal? For example, a brand may pay you to make a TikTok video about how wonderful their soy candles smell.

 They may give you a free skydiving trip to post about it. (However, we do not recommend taking advantage of any free skydiving offers.

And brands are eager to take part in such paid collaborations. According to a study on influencer marketing, in December 2019, 16 percent of US marketers planned to use TikTok for influencer campaigns.

Here are some tips for getting started with sponsored content:

Only Reach out to Brands or Organizations you Really Love

Your followers will see right through you if your TikTok is all about your raw vegan journey and then you post about your favorite local burger joint.

This is not only confusing, but it also makes you appear to be a sellout. As a result, make sure that your sponsored content complements your regular content.

Make a Press Kit for your TikTok Account

A press kit is like a personal movie trailer. It promotes all of your great qualities (and gives brands good reasons to work with you) and includes contact information, photos, and notable accomplishments.

 Make them want to see what happens next while holding a bag of popcorn. Templates for press kits are available for free on websites such as Templatelab.

Create a Few Non-Sponsored Posts

How to Make Money on TikTok

Brands will want to see that you can drive sales to their company.

Making a couple of (non-sponsored) posts about your favorite pair of shoes will increase the likelihood that the elusive specialty sock brand will want to collaborate with you.

Use the Branded Content Toggle

People dislike being duped, and it turns out that apps dislike it as well. TikTok developed the Branded Content toggle to ensure that users were being honest.

If you’re working on content for sponsorships, click the button (or risk your video being taken down).

2. Partner with an Influencer

This strategy is the inverse of the first. Reach out to an influencer whose content aligns with your brand if you are an established business looking to expand your presence (and make money) on TikTok.

In this TikTok, fashionista Wisdom Kaye collaborated with perfume company Maison Margiela, and food blogger Tiffy Chen collaborated with Robin Hood (the flour, not the fox):

According to this Tomoson study, every dollar spent on influencer marketing returned an average of $6.50 to the business, with the top 13% reporting a return of $20.

 Half of the marketers believe customers gained through influencer marketing are of higher quality than customers gained through other channels such as email marketing or organic search.

3. Use TikTok to Advertise your Products

Use TikTok to Advertise your Products

If you already have merchandise, this is the most obvious way to make money: make TikToks that showcase your products, including all the details that make them unique. Make sure your bio includes a link to your shop.

Here’s an excellent example: fashion brand Klassy Network shows how to wear a “brami.”

You can also make your own personalized merchandise, as Tika the Iggy, an Italian Greyhound (and proud gay icon), did. Thomas Shapiro, the dog’s owner, sells Tika-branded clothing online.

4. Get TikTok’s Creator Fund Payouts

This is the app-approved moneymaking method we discussed earlier. TikTok announced their new Creator Fund on July 22, 2020, pledging $200 million USD to “encourage those who dream of using their voices and creativity.

The internet ate it up, and only a week later, they announced that the fund would grow to $1 billion USD.So, how do you get that enticing creator cash? Before you can apply, you must check the following boxes on the app:

Be located in the US, UK, France, Germany, Spain or Italy

Be at least 18 years of age

Have at least 10,000 followers

Have at least 100,000 video views in the last 30 days

Have an account that abides by TikTok Community Guidelines and terms of service

How Many Followers do you Need on TikTok to get Paid?

How Many Followers do you Need on TikTok to get Paid?

The more followers you have, as with any social media platform, the more money you can make. For TikTok, however, you don’t need millions of followers to make money.

If you have 50,000 to 150,000 followers, you are a micro-influencer,’ while creators with fewer than 50,000 followers are referred to as ‘nano influencers.’

If you want to make money directly from TikTok, you must have a minimum number of followers and at least 100,000 video views in the last 30 days.

Tips for Getting Paid on TikTok

There are tips and traits you should before getting paid on TikTok, or else you could just get frustrated and stop halfway. These tips and traits are:

1. Be Authentic

If the great social media book had a moral, this would be it. And, as difficult as it is to believe in our highly filtered world, internet users crave genuine content.

In this 2019 survey, 90% of the 1,590 adults polled said that authenticity is important online, but 51% believe that less than half of brands create work that resonates as authentic.

So, whether you’re trying out a new dance style or showing off your crochet frogs, stay true to yourself. It’s the most certain way to gain followers who will stick with you—and, hopefully, earn some real money.

2. Be Transparent

This is closely related to authenticity. The rules for posting sponsored content and disclosing when you get free stuff are hazy, but it’s always better to be safe than sorry.

TikTok’s branded content toggle adds a disclosure (#Ad) for you, so make use of it when necessary.

3. Look to your Favorite Creators for Guidance

Start scrolling if you’re not sure where to begin. Some of your favorite creators are probably making money from TikTok.

Look at what they’re doing, brand deals, promoting T-shirts, spelling their Venmo in alphabet soup—and try to replicate their strategies.

4. Don’t Ditch your Regular Content

Your followers will lose interest if every single one of your TikToks is sponsored content or promoting something. Keep your cool.

Bretman Rock, a makeup artist, posts collaborations with Yves Saint Laurent, as well as funny video outtakes. He posted his favorite Filipino foods, and, of course, the makeup and fashion content that has earned him all of his followers.

5. Don’t Give Up

Making money on this social network is difficult. We’d all be Addison Rae if it was. (It’s fine to make fun of it; she herself admits many people don’t believe she has a real job.

If one brand or influencer rejects you, keep trying. Working hard pays off—literally.

TikTok Analytics 

If you want to make money on TikTok, you must monitor the performance of your content.

Data analysis can help you determine what works and whether your audience is engaging with your posts. This information could be useful if you want to convince brands to work with you.

To view your TikTok analytics, go to your profile, tap the three dots in the top right-hand corner, select ‘Creator Tools,’ and then ‘Analytics.’

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How to Get Followers on TikTok

The key to growing a TikTok following is to understand your target market and create content that they want to watch. If you want to gain more followers, you must also post frequently and interact with your audience.

Using trending hashtags and recommended or trending songs in your posts increases your chances of being seen on more people’s ‘For You Page.’ Take advantage of current trends by putting an interesting spin on a popular trend.

TikTok trends change quickly, so stay current. Create connections with other creators. Cross-posting content with other influencers can help you reach a larger audience.

What is the Best Time to Post on TikTok?

What is the Best Time to Post on TikTok?

TikTok allows you to see when your audience is active, so schedule your posts accordingly.

Mornings, evenings, and Sundays are among the most effective times for posting content on social media platforms. Consider when your target audience is most likely to be on their phone and design your strategy around that.

Conclusion 

TikTok is an amazing platform and a very popular one too. There are lots of things to do to make money. Matter of fact, people now use it as a full-time source of income, so take advantage of this amazing social media platform.

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