Joining TikTok’s Creator Fund is one of the common way you can make money on the social media platform. But there are other lucrative ways, especially if you are just starting out on TikTok.
As one of the most popular social media platforms, with over a billion users around the world, TikTok remains a great market for anyone to harness. Either as a creator or a brand, there are many ways for you to earn a living on this platform.
Although many people have already figured out how they can easily make money on TikTok, a lot of them are still left in the dark about how this works.
If you are interested in making money on TikTok, you are in the right place. I’ll show you how to go about it.
Before you think of making money on TikTok, you should own a profile on the platform and be at least 18 years of age. If you meet these criteria, you are one step towards that dream life from TikTok funds.
Can you make money on Tiktok?
Absolutely! There is no limit to how much you can make on TikTok. TikTokers with over 100,000 followers make as much as $1,000 every month through TikTok’s Creator Fund, while those with over a million followers make as much as $5,000 every month.
Also, celebrities with undue influence make as high as $250,000 for a single post, especially when working with big brands.
This proves that anyone can make as much as possible on this social media platform.
Best strategies to make money on TikTok
There are several techniques you can use to earn some money on TikTok; they include;
1. Join TikTok’s Creator Fund
As a creator on TikTok, it is very easy for you to make money on the platform. You can easily monetize your profile through the TikTok Creator Fund. However, you can only earn money on this program based on your engagement level with your content.
2. Sell your products and services
It doesn’t matter what platform you use; selling a product is one of the best ways to make money for yourself. TikTok is not an exception – you can feature your existing products in tutorials and showcase your products alongside a trend.
Your sales will increase with the engagement you get.
You can also drive your sales by running TikTok ads. TikTok offers a more efficient way of reaching consumers with its ads. With this, more sales are guaranteed.
3. Participate in affiliate programs
As an affiliate marketer, you must have a strong and wide network.
You will need to promote goods and services, and one of the best places to do so is on TikTok.
It is even more efficient if you have to promote a product or service to Gen Z.
4. Collaborate with other influencers
Sometimes, you might not be generating enough sales and may need promotion.
It becomes easier when you link up with another creator on TikTok and ask for a promotion.
A simple shoutout or collaboration may change everything and, of course, make your pocket bigger.
5. Collect tips and donations
Now, creators can make as much as possible by simply receiving tips and donations from fans. TikTok recently introduced this feature, allowing fans to show gratitude to the creators they love through monetary gifts.
Viewers are able to send video gifts like virtual gifts and coins, which can be converted into several currencies. As a creator, you can also collect gifts during a TikTok LIVE in form of Diamonds – TikTok’s digital currency.
You can trade your Diamonds for real cash later.
6. Grow and sell TikTok accounts
Like every social media platform, you can grow and sell accounts on TikTok. The better thing about TikTok accounts is that they are easy to grow and sell.
You can easily find a buyer for your TikTok account.
For some people, it might take too long to start a TikTok account from scratch and build it to the desired level.
Instead, you can buy an established account related to your niche and keep entertaining your audience.
7. Publish sponsored posts
You can easily make money on TikTok by publishing sponsored content. This way, brands will pay you to feature their products and services on your profile. Sponsored posts are usually a one-time payment for a single post.
Making money from sponsored posts can be very easy and difficult. To make it easier for brands to notice you, you should join the TikTok Creator Marketplace. However, you must have at least 100,000 to do so.
8. Set up a Patreon account
A Patreon account allows creators on TikTok to generate revenue from fans through memberships allowing exclusive access to content.
In essence, a Patreon account lets you use TikTok to promote membership sign-ups.
However, while operating a Patreon account, you must moderate your subscription costs to encourage users to subscribe more. A Patreon account is more like a private account for selected fans.
For example, giving away merchandise or exclusive content access to your most loyal followers.
Add the link to your Patreon page in your videos or your bio to make it easy for followers to subscribe whenever they are ready.
Below are other ways to make money on TikTok;
- Promote songs
- Become a brand ambassador
- Find new clients
- Raise money through crowdfunding
- Collect tips
- Consult for a brand
How many followers do you need to make money on TikTok?
Before you think of pursuing any of the strategies above to make money on TikTok, you should get some things straight first.
For some of the features mentioned, you must have a minimum follower count on TikTok.
For example, you can only join the TikTok Creator Fund if you have at least 10,000 TikTok followers. Also, you need a minimum of 1,000 followers before you can start receiving virtual gifts on TikTok LIVE.
If you wish to receive tips and gifts from other videos, you must have at least 100,000 followers.
You should know that it is impossible to access these benefits without reaching the minimum follower count.
If you need to download TikTok videos from other creators, especially if you don’t want to worry about the watermark, there is a seamless way to do so.
Toksaver.net allows you to download any TikTok content of your choice at no cost.