Have you ever daydreamed about being paid well to play with your phone all day?
When you learn how to monetize TikTok, it appears to be exactly what takes place. Every day, we witness the countless influencers who earn millions of dollars annually from their TikTok accounts.
It's
hardly a mystery, either. Since its release in 2016, TikTok has expanded
remarkably quickly; it is the first app not owned by Facebook to reach
three billion installs.
Although earning money from your TikTok account isn't simple, it is definitely doable if you have the motivation, plan, and desire to find out how it's done.
We'll examine seven techniques to start earning money on TikTok in this article.
Let's proceed.
7 Ways to Start Making Money on TikTok Today
On your preferred app, there are numerous ways to earn money. Let's examine some of the most effective TikTok monetization techniques in 2021.
1. Become an influencer on TikTok
"Build it and they will come," as the adage goes. TikTok also fits inside this paradigm.
You can secure influencer collaborations with international businesses who wish to engage with your audience if you establish an account with a devoted and active following.
A brand may ask you to advertise their goods or services in your TikTok videos as part of an influencer marketing agreement. Money or free merchandise from the business are the most typical forms of payment.
For instance, Charli D'Amelio, one of the most popular TikTokers, works as an influencer for P&G, one of the most well-known companies.
Source
Contrary to popular belief, you don't need millions of followers like Charli to become an influencer.
Many businesses favor collaborating with "micro-influencers," or influencers that have fewer followers. Depending on who you're talking to and the size of the market you're targeting, the definition of a micro-influencer might vary, but it typically has between 5,000 and 50,000 followers.
It's a good idea to have a specialty or a particular subject or topic for your account and articles if you want to succeed as an influencer. Brands will be able to tell right away if you're a good fit for the goods and services they want you to help market in this way.
2. Grow and Sell TikTok Accounts
Although they lack the time or resources to start and maintain an account, many businesses would like to be present on TikTok.
Why not provide them a quick path to TikTok expansion? Growing and selling TikTok accounts are two ways to achieve this.
People have constructed social media accounts for a while now and sold them to generate money. For instance, Ramy Halloun, 23, uses this TikTok monetization technique to get about $30,000 annually.
You need more than simply an appealing selection of videos on your account to successfully sell TikTok accounts. You'll also need a committed following and a narrow emphasis.
Because the purchaser may keep producing the same type of content, themed or "niche" accounts are simpler to sell.
For instance, if you sell an account that contains brief unboxing-related videos, the brand you sell the account to is free to keep publishing the same kind of films in the future.
Because followers may be drawn to the person rather than the type of material, personal accounts are much harder to market.
You must have a solid content strategy for selling TikTok accounts, interact with followers frequently, and offer purchasers suggestions on how to increase engagement on their newly acquired accounts.
3. Post sponsored content
Sponsored content is another method to make money off of your TikTok account. This is the point at which businesses approach you (or you approach them) about include their products in your video. They recompense you for your service by paying you a price in exchange.
To start, you might expand your portfolio by working with smaller companies. Ask your neighborhood's small businesses if they would be interested in being featured on TikTok. Starting out with a low price and gradually increasing it as your reputation as a TikTok maker grows can be a good idea.
But think about joining the TikTok Creator Marketplace if you'd prefer to charge a premium and have brands come to you (TCM). For those who are not know, TCM is a platform for cooperation that enables marketers to interact with TikTokers and conduct marketing campaigns with them.
To apply, you must have at least 100,000 followers, be at least 18 years old, and have received at least 100,000 likes on a video in the previous 28 days.
In order to obtain sponsorships as a novice artist, it is therefore best to concentrate on creating inventive TikTok films that you can share with corporations.
4. Market Your Own Goods
You might be able to add a shopping tab and product links to your profile if you're from the US, Canada, or the UK and have a TikTok for Business account.
In essence, the shopping tab is a new feature as a result of TikTok's collaboration with Shopify. It's intended to assist TikTokers who have a Shopify store in promoting their goods via the app. When a user clicks a product link, they are taken to the retailer's Shopify store to make a purchase.
You would still make money by driving sales for your company even though it isn't a direct way to make money on TikTok.
Pro tip: If you are new to TikTok, you can promote your products by making original TikTok movies. You could create 30-second recipe videos and upload them to TikTok, for instance, if your company sells food items. Be original!
5. Gather contributions
The currency feature on TikTok is an intriguing one. You can obtain these coins from your most devoted and devoted fans if you are qualified to live stream. Eventually, you can sell them for cash.
This is how it goes: Imagine that your biggest fan buys coins, which cost $1.39 for 100 coins (and $139.99 for 1,000 coins) in increments.
That user can send you coins if you're live streaming or use those coins to make purchases for you. Following that, you can use PayPal to exchange coins and presents for diamonds, which can subsequently be exchanged for cash.
Really nice, right?
-There are at least 10,000 followers on your TikTok account.
-In the last 30 days, you have produced at least 100,000 video views.
-You reside in the UK, US, Germany, France, Spain, or Italy and are at least 18 years old.
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