Stop spending hours just watching TikTok videos and start making money with your own content. Here’s how you can do it:
TikTok is no longer an app just for dance videos. With over a billion active users every month, it has grown into a platform for all kinds of content, covering nearly every topic you can think of.Instead of getting lost in the never-ending stream of videos, consider how you can use TikTok to earn money. You might be surprised at the opportunities available to you.
We’ve put together some of the best ways to help you turn your TikTok account into a source of income.
How Many Followers do You Need on TikTok to Get Paid?
To get paid directly through TikTok's Creator Fund, you need at least 10,000 followers. However, this isn't the only way to make money on TikTok, and the Creator Fund payments are usually not that much anyway. You can actually start earning money even if you have no followers at all.
One of the best things about TikTok is that every video has the chance to go viral, regardless of how many followers you have. When you post a video, TikTok shows it to a small group of people first. If they like and interact with it, TikTok will show it to more people. This process continues, allowing your video to potentially reach a huge audience if it's high-quality.
Having followers can help because your videos will automatically appear on their "For You" Page, which is TikTok’s main feed. However, you don’t need followers for your videos to be successful. Even your very first video can go viral if it catches on, and once you start getting views, you can begin earning money on the platform.
How to Make Money on TikTok
Here are some effective ways to earn money on TikTok:1. Get Sponsorships on TikTok
TikTok offers several ways to make money, and one of the best methods is through sponsorships.- Sponsored Content on Your Profile
If you have many followers who actively engage with your videos, you can create content about specific products or services. When you post these videos, you expose the brands you're promoting to your audience. This type of partnership is beneficial because it helps brands reach more people.- Creating Content for Brands (UGC)
Many brands don't have the resources to create their own videos. You can offer to make videos for them to use as ads. This is known as User Generated Content (UGC). Because the brand gets to own the content you create, you should charge more for this service compared to just posting on your own profile.- Charging for Exclusivity
Sometimes, a brand may want to be the only one you work with for a certain time. This is called exclusivity. You can ask for higher payment if a brand wants exclusive rights, meaning you won’t work with their competitors for that period.2. Join the TikTok Creator Fund
The TikTok Creator Fund is a reward system within TikTok where you can make money by creating good content on the app. This means TikTok will pay you if your videos are popular and engaging.To join the TikTok Creator Fund, you need to meet certain requirements:
- Be at least 18 years old
- Live in specific countries like the UK, USA, Italy, Spain, etc
- Have at least 10,000 followers
- Your videos must have received over 100,000 views in the previous month
- Follow TikTok's rules and guidelines.
How Much Does TikTok Pay for One Million Views?
Your payment from the Creator Fund depends on the number of views your videos get. Typically, TikTok pays around $20 to $40 for every million views. However, many creators do not consider this as substantial, given the effort it takes to garner such a large viewership. They view it as a supplementary income rather than the primary source of revenue.While it's nice to earn some money from views, you should also focus on alternative methods to make money on TikTok.
3. Receive Donations Through TikTok Live
Once you hit 1,000 followers on TikTok, you unlock the Live feature, which allows you to broadcast live videos to your followers. You can use this feature to do all sorts of things, like answering questions from your audience or sharing cool tips and tricks you've discovered.
Viewers watching your live stream can donate money to you through TikTok's built-in gift system by sending you virtual gifts that you can convert into real money.
4. Use Affiliate Marketing to Earn Money on TikTok
Affiliate marketing might sound complicated, but it's actually a simple way to earn money through social media. It involves recommending a product or service to your followers, and if they buy it using your unique affiliate link, you get a percentage of the sale.To get started, you must join affiliate networks like Awin or impact.com. These platforms connect you with hundreds of brands that are looking for people to promote their products. You have a wide range of options to choose from—you can easily find something that fits your interests and your audience.
It's important to pick products that match what you usually talk about in your TikTok videos. For example, if you make TikTok videos about books, you can share links to the books you review. This makes your recommendations more genuine and increases the chances of your followers making a purchase.
5. Use TikTok Shop to Sell Products
TikTok Shop is a feature within the TikTok app where you can buy products directly from videos. If you see an item you like in a video, you can easily purchase it without leaving the app.
You can make money through TikTok Shop by promoting products you think your audience will enjoy. This works similarly to affiliate marketing, where you earn a commission for each sale made through your referral.
To do this, you can add links to products in your videos and live streams. When viewers click the TikTok Shop button in the video and buy the product, you get a percentage of the sale.
Additionally, you can sell your products on TikTok Shop if you have a business. However, you'll need to get approved first, so make sure you understand and agree to all the terms and conditions.
6. Collect Tips Using Third-Party Websites
TikTok creators can monetize their content by asking for tips from their audience. While TikTok Live offers a built-in donation feature, collecting tips using third-party websites might be even more beneficial. Popular sites like Ko-Fi and Buy Me a Coffee are designed specifically for this purpose. They allow creators to set up profiles where fans can send monetary support with just a few clicks.Another simple option is to create a PayPal donation link. This method is straightforward and widely recognized. Once set up, you can share these links in your TikTok bio or within your content descriptions.
One significant advantage of using third-party websites is the lower fees. TikTok takes a substantial 50% cut from donations made through TikTok Live. In contrast, platforms like Ko-Fi and Buy Me a Coffee either take a much smaller percentage or none at all.
But despite this advantage, collecting tips using third-party platforms has some challenges. One primary issue is visibility. Not all TikTok users visit creator profiles to check for donation links. This can limit the number of donations you receive compared to the more visible TikTok Live donations, where viewers can tip in real-time during a broadcast.
Therefore, it’s crucial to promote your donation links actively. Mention your donation platforms in your videos, include calls-to-action in your content, and use other social media channels to remind your followers where they can support you. Always make your donation options as visible and accessible as possible.
Conclusion
Many content creators on TikTok do not know about these diverse monetization options. But with the right knowledge and approach, anyone can start earning from their content. If you explore and implement these methods, you'll be well on your way to financial success. Just remember to stay authentic, engage with your audience, and consistently produce high-quality content.Read Also:
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