How to Earn Money on TikTok: In terms of speed, growth and popularity no other social media platform can beat Tiktok. Millions of users globally use the popular app. And thus gives creaters plenty of ways to monetize their content. Here are 17 innovative methods that will teach you how to make money on TikTok, with details on (almost) every single one.
Make Money on TikTok: 17 methods you can use to profit
Join the TikTok Creator Fund
The TikTok Creator Fund is one of the main ways creators can gain money directly from this platform. This is a program which started in 2020, letting qualifying creators get paid for certain performance and engagement measures of videos. To be eligible for the Creator Fund, you must fulfill specific criteria:
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- Must have 10K follower at least
- This can be boiled down to achieving 100,000 views on your videos within the past 30 days.
- At least 18 years of age and a resident of the eligible country
After you are approved for the program, your revenue will be determined based on multiple factors, including: video views, engagement (likes, comments & shares) + video performance. It can vary drastically, but payments are generally between $0.02 and $0.04 per 1k views depending on things like audience engagement and content originality.
If you want to generate as many $$$ from the Creator Fund, put your energy into making a well-made video that the people who watch will enjoy. Get more views and interaction by doing visually engaging videos, story telling with your videos, trending challenges etc. Also, consistency is an important factor; by keeping posting regularly, you can keep the public interested in what you’re be implementing and improve your visibility on the platform.
The Creator Fund itself may not bring as much income for each individual creator, but it is a great start to anyone who wants to earn money on TikTok. Over time, as your following grows and you tackle a better content strategy, you may experience more money from the Creator Fund.
Join TikTok’s Creativity Program Beta
Just recently in early 2023, TikTok announced the Creativity Program Beta, to reward creators that make longer videos (over a minute). The goal is to encourage creators of quality content with payouts that may be better than the traditional Creator Fund.
Creators are required to qualify for this program with some eligibility criteria:
- Require for example a minimum of 100,000 video views in the past 30 days
- Be at least 18 years old
- Create fresh content that complies with TikTok’s community regulations
An obvious advantage of the Creativity Program Beta over the Shorts Fund is that it allows for long-form content. Able to create a larger incentive surely will be rewarded as TikTok views are expanding to longer videos for more in-depth storytelling and information.
The payout structure of this program is set to be better paid than the Creator Fund Though actual numbers will depend on various engagement and performance metrics, many creators claim to have earned far more under his program compared to the traditional monetization programs.
In order to succeed with this program, you should focus on telling engaging stories or tutorials to keep the audience there longer. Use TikTok editing features to liven up your videos visually and keep your audience engaged all the way through. If you make good use of this opportunity, your earnings can increase while you also produce rich content on the platform.
Sell Products Through TikTok Shop
The TikTok Shop: A new feature that allows creators and businesses to sell their products directly on the app. This convenient shopping process allows for users to purchase items through TikTok without leaving the app, creating an ideal situation for monetization.
How to start selling with TikTok Shop:
- Reconfigure a Profile As A Business Account: If you haven’t done already change your account to an business profile. You will be granted access to multiple branded tools and features.
- Develop Shoppable Videos: Show your products in action with the right kind of videos. Show them off, talk about their features and benefits and uses in your video—and urge the viewer to buy.
- Use product tags: Tag your products within the videos for viewers to click and directly purchase those items from your shop.
- Publicise Your Store: Make your followers aware of your TikTok Shop through your videos and the links in your bio.
Harness the enormous audience of TikTok, along with its individual shopping features to sell more and grow loyalty around your followers. Good storytelling, along with great product promotion, should lead visitors to your shop and turn them into customers.
Promote Affiliate Products
A common method for creators to make money, even without their own goods, is through affiliate marketing. You can receive a commission from sales of other brands when you recommend their products via an affiliate link or code.
Affiliated Marketing TikTok Tips For Success:
- Choose Relevant Products: Pick products that are relevant to your niche and suit the interests of your audience. This, again, makes it even more probable for conversions to take place as viewers naturally trust recommendations from creators they follow.
- Produce Attractive Content: Implement creative storytelling or make demonstrations to showcase affiliate products. Showcase its advantages and how it suits your way of life or knowledge.
- Put in Affiliate links: Write it down in your bio or make viewers to go to other platforms (like Instagram or Youtube) where the information of products is found.
- Use Promo Codes: Provide your followers with promo codes if possible that grants discounts while also providing you a commission for every sale
Affiliate Marketing Success Depends On Trust It is vital to build trust with your audience, so only recommend products that you know or believe in. With relevant recommendations that offer authentic value, affiliate marketing on TikTok can yield a long-term source of income.
Create Sponsored Content
If you are an influencer with a decent-size following on TikTok, you can reach out to some brands that you align with and try to find collaborations where they pay for a post promoting one of their products or services. If you know how to do it right, sponsored content can be highly lucrative.
To attract sponsorships:
- Brand Yourself: Cultivate a personal brand in areas of interest that showcase your values while targeting certain audiences/niches.
- Interact with the Brands: Engage brands within your niche by tagging them in your post or jointly engaging in any campaign conducted by the brands.
- Build a Media Kit: A media kit or press kit states your statistics, e.g., number of followers, engagement rates (likes/comments/shares), audience demographics (age/gender/location), and examples of past partnerships, if you have any.
- Negotiate Rates: After receiving interest from brands, you need to negotiate your rates depending on how many followers you have and the engagement numbers; wider-reaching accounts typically get paid more per post.
The idea of a sponsored post is to create relevant content that matches the brand messaging but still seems true to your audience. When you partner with brands that resonate with you personally or professionally, the result is high-quality sponsored content and a win-win for everyone involved.
Promote your business with TikTok Ads
If you would like to promote your business or product more than just with organic reach, try TikTok Ads in your marketing plan. To help you in achieving higher user engagement, the platform has multiple ad formats—
- In-Feed Ads: These ads are displayed in users’ For You feeds while they browse the content.
- TopView Ads: These are full screen ads that come in view when you open the app itself; a great ad option to garner your maximum visibility.
- Branded Hashtag Challenges: Create challenges around specific hashtags linked with your brand or product and get user-generated content.
Getting started with TikTok ads:
- Register an Ad Account: Create an account through TikTok Ads Manager.
- Know Your Target Audience: Demographic targeting will be useful for more specificity you get in the platform.
- Budget: Decide what you are comfortable to spend in a day or over the length of your campaign (or both).
- Monitor Performance Metrics: Regularly track engagement rates (clicks/views) so campaigns can adjust according to what seems most effective!
With the help of advertising, businesses can have much more control of their reach while directing people back towards websites or stores—this will then eventually result in booming sales!
Broadcast and Earn Virtual Gifts
TikTok Live is an interactive method for creators to engage with their audience in real-time and make some money by earning gifts from viewers during a live session, which is a cool way to reward your TV show fans!
For maximizing things during a live stream:
- Interact with your viewers: answer questions or respond directly to them during streams– and this attracts gifting behavior since users feel more connected!
- Develop Engaging Content: Plan fun stuff such as games or challenges where the audience can actively take part (or be encouraged by gifting!).
- National Upcoming Lives: Use normal posts to tell when you arrow talk live in advance, so fans recognize they could tune in at the same time as you recreation!
Virtual gifts (bought with coins) viewers send to creators in live streams translate into diamonds, the digital currency of the platform—and are redeemable for cash! Therefore, incorporating it into overall monetization efforts makes sense since creators with activly engaged audiences tend to receive more gifting during sessions!
Provide Unique Content Through TikTok Series
The TikTok Series feature gives creators like you not just a chance to create interesting long-form video collections, but also start earning behind paywalls! Meaning the fans have to pay upfront Access Fee before viewing — that creates some business opportunity!
To make the most out of this functionality:
- Provide high-quality content: What you are giving out must be worth paying for – tutorials or behind the scenes!
- Create Competitive Price Points: Pricing should demonstrate perceived value; consider lowering your price points to draw an initial cohort of subscribers!
- Give Good Previews: Send out a glimpse of what subscribers can expect to receive if they decide to buy access!
The creators who do capitalize on exclusive series, typically find that they garner hardcore subscriber bases and those people are willing to financially support you! Concentrating attention in this area with further monetization strategies covered earlier within the article will only optimize possible revenue!
Launch a Patreon or alternative subscription platform
Creators can provide exclusive perks or content subscriptions for a monthly fee from followers through various platforms, such as Patreon–patrons looking for more than regular posts. This type of model lets fans directly support their favorite creators in exchange for unique perks!
To launch this successfully:
- Lay out the Subscription Tiers: Set Higher Tiers- Set price point-based tiers; for example, at a basic tier, you can provide some background information regarding what you are communicating on your platform and on a rather premium tier, you might offer some interactive sessions!
- Promote PATREON Regularly On TikTok: Have link in bios with a properTeaser of what patrons get!
- Regularly Interact With Subscribers To Create Community Vibes Around Agents—this promotes stickiness with admirers that love special gifts!
By offering value 1x monthly through Patreon subscriptions, you are establishing sustainability by building income streams and nurturing the connection between you & your loyal supporters!
Crowdfund Projects
Last but not least, if you need funds for any of your ideas or projects, use crowdfunding platforms (like Kickstarter and GoFundMe)! With these platforms, entrepreneurs and makers can now raise funds directly from backers interested in supporting new ideas!
Here is how you can use crowdfunding the right way:
- Develop Engaging Campaigns Articulated Project Aims Identify why it is so important & how funds will be used!
- Promote Campaigns By Creating TikTok Videos That Feature Important Things About The Projects And When Displayed With A Personal Touch: We Relate! These Can Help You Get Funded.
- Provide rewards for contributions like cool merch and first dibs on final product!
In addition to generating needed financial resources, crowdfunding creates a community of supporters around projects since people will feel good when they spend money on something worthwhile!
Collect Tips from Followers
For content creators who are not swayed by viral follower counts, TikTok officially rolled out tipping features that enable fans to support their favorite creators with cash tips in exchange for the work they do! This tactic offers additional streams of revenue from the traditional methods mentioned above!
How to Set Up Tipping the Right Way:
- features in account settings for followers so they can send tips quickly during lives or video comments!
- Regularly Promote Tipping Links In The Video To Encourage Your Fans To Support Their Favorite Creators!
- Use the external sites such as Ko-fi or Buy Me A Coffee to tip outside of what is possible natively on the app!
True connections from you & audiences will promote tipping behavior with all heightened experiences in viewing!
Offer Personalized Shoutouts
If you are building an engaged following, you might offer fans personal shoutouts if they agree to special messages just for them! This creates income in addition to building up community engagement behind loyal fans!
For shoutouts to work as they should:
- Establish a set pricing model according to the type of shoutout (video vs live)!
- Post About it Regularly So Followers Get That They Can Approach You For Customized Content!
- Provide premium artistic shoutouts that are truly grateful to supporters – growing relationship & more requests!
Shoutouts are a great way to make more money, and build closer bonds between yourself & devoted fans who appreciate these special moments!
Really Optimize Your Content
Collaborating with fellow creators, helps reach a wider audience and brings other people’s followers to our work as well! Collaboration tend to do well, because people can share fan bases & creativity – but even better when you leverage those mutual benefits!
To find out where you can potentially collaborate:
- Regularly Commenting On Their Niche Posts And Pitch Some Ideas Applicable To Collaboration With Them.
- Work on challenges or trends together to increase exposure with both audiences!
- Do live sessions together when both creators are online interacting with the viewers at once — great way for cross promo & another bond-building exercise within your community!
Pooling forces serves to catalyse visibility en masse which is the path to juicy monetisation further down the line!
Grow your TikTok Account and Sell it
Assuming you have a piggyback audience on substantiated mediums like TikTok — selling accounts could be of interest after your pavements become pavement! High engagement rates/follower count accounts sell for a pretty penny in the marketplace!
Protecting both the buyer and seller details in relation to where someone may be breaking policy around account transfers before carrying out any sale – so make sure you do comply!
There are several considerations when it comes to how much you may get for a nude account sale: number of followers/engagement metrics etc, generally speaking large accounts earn higher prices per sale compared small!
Invest in TikTok Spark Ads
February 21, 2020 — With Spark Ads now you can promote organic posts from creators as ads while giving credit to the original creator unit! You may earn money too, but this could serve as an additional revenue stream if you are working with brands — can earn from sponsored posts that will then be further promoted through ads!
Using Spark ads effectively:
- Make Organic Posts That Are Strong & On-Brand While Being Authentic In Creation!
- WORk Closely With brands To Making Sure PROPER Promotion Strategies IMPLEMENTED Effectively Over All Major Platforms!!
- Track Key Indicators Of Performance And Update Campaigns Whenever Necessary Making Sure That They Are Benefitial For Both Parties
Spark Ads for high-performing videos present the potential for passive income and help you remain authentic in your promotional efforts!
Capitalize on TikTok Pulse For Ads Split
TikTok Pulse is an advertising program recently launched which enables creators to earn revenue by sharing the ads given. that are displayed prominently on videos appearing within the feeds of viewers (For You Page, or FYP). Payouts will vary due to different factors but YouTube Rewind is great for passive income because you can share your videos that are popular/high performing on other platforms right away!
Best ways to earn money using Pulse:
- Produce appropriate material for the viewers to relate too and make them share and act on it, hence getting your content more visibility in other locations as well!
- But keep an eye on engagement metrics so if behavioural readings change adjustments can easily be made to maintain optimums of performance levels reached through trial & error effected over time-
- Be Informed About All Changes Done Relevant To Program Guidelines Compliance During Process To Optimize Revenue Potential Allowed By Participating In Overall!
Involvement in Pulse lays foundation for more monetization opportunities offered across platform leading to further expansion possibilities down line!
Market and sell ebooks, courses or other digital products
Possess specialized knowledge (particularly about cooking, fashion, fitness); adding digital products (such as eBooks / courses) promoted through TikTok videos that demonstrate expertise you have built over time! Making your bio sections into links shoppable posts are built-in app itself, visible sales generation increased overall!
- Here are some steps to consider when it comes to marketing digital products:
- Establish a very clear target audience Know what they want from products related to education provided!
- Produce marketing materials that show why you are beneficial to other people only after they buy them and convey what value you have in the entire experience!
- Use testimonials from users whenever possible; create trust in potential buyers; prompt conversions made regularly over time!
Selling digital goods allows for scalability as well as passive income generation, giving you the freedom to pursue your passions creatively without being limited by traditional employment structures found elsewhere.
