Monetize your fans and start earning on TikTok
An AI media firm, ByteDance, released a global version of the social media app TikTok in September 2016 earlier named as Douyin.
The recent upstart social media platform TikTok has had an amazing performance in terms of total downloads.
Acquiring users for new social media platforms is usually one of the most difficult things. Acquiring users is considered one of the most expensive forms of marketing, with many corporations spending millions of dollars on marketing to attract clients.
TikTok is a music and video platform that was invented by the Chinese internet technology company ByteDance, which recently became the world’s most valuable startup after beating Uber.
TikTok is one of the most popular social media apps in the world. People spend over 800 million monthly active users daily posting videos, creating memes, and interacting with others.
But while many people use the app to make friends and connect with family members, some users are taking advantage of the platform’s features to earn money.
While it might seem impossible to make money off of TikTok, we’ve seen plenty of examples where influencers earn thousands of dollars per month. So, if you’re looking to start making money off TikTok now, here are seven ways to do that.
BECOME TIKTOK INFLUENCER
If you want to make money off of TikTok, becoming an influencer might be the way. There are many different types of influencers, including those who are paid to promote certain brands and those who do it because they love what they do.
The best part about being an influencer is that you don’t necessarily need millions of followers to start making money. All you need is a good following.
You can find influencers in almost every niche imaginable. Some examples include makeup artists, musicians, fashion designers, foodies, beauty gurus, and fitness trainers.
SELL TIKTOK ACCOUNTS AFTER THEIR GROWTH
Tiktok is one of the most popular video apps in China.
Many businesses would like to have an active presence on TikTok. However, many cannot afford the cost or do not have time for building an entire account and growing it to the required level.
This leaves them with an option to buy existing TikTok accounts and use those profiles to promote their business.
RECEIVE SUBSCRIPTIONS FROM FANS
START PUBLISHING SPONSORED POSTS
Sponsored posts are another way to make money off your TikTok account. You can receive payment directly from brands or ask them to sponsor your videos. Brands can pay you anywhere from $5-$10 per post, depending on how much exposure you want. If you decide to go down the route of asking brands to sponsor your videos, remember that it takes some effort to find the right ones.
Brands usually look for creators with a large following and who have been around for a while. They’ll often reach out to you via email or DM. Once you’ve found a brand you think is a good fit, send them a request. Here’s what you should include in your pitch:
- A link to your channel
- Your follower count
- How many followers do you have on each social media platform
- What type of content do you produce
- Whether you’re open to collaborating with them
START SELLING YOUR PRODUCTS
If you’re from the US or Canada, you can use TikTok to sell your products.
The social media network announced a partnership with Shopify earlier this month. This allows TikTokers to promote their businesses through the app.
Users who click a product link on a TikTok video are redirected to the merchant’s Shopify store for purchase, where they can buy the product directly from the seller.
Although it’s not a direct method of making money on Tik Tok, you’d still earn through sales generated for your business.
Pro tip: You can also make money off of endorsements. For example, if you have a lot of followers, you could post about your favorite brands and products.
START COLLECTING DONATIONS
TikTok wants to make money off of its young audience. And one way it does that is by offering rewards for people who watch videos. One of those rewards is “coins,” which are essentially virtual currency.
Users can spend coins on stickers, GIFs, and even gift cards. But there’s another option: Live streams.
They can do just that if you’re lucky enough to have fans who want to support you while you’re live streaming.
Fans can donate coins to you, and you can then use those coins to purchase gifts for yourself. Those gifts include everything from t-shirts to iPhones.
The process is pretty simple. When someone donates coins, they’ll see a notification on their screen. They can choose whether to give you coins or use those to purchase something else.
Once they’ve chosen what they’d like, they can send the coins directly to you or use them to purchase something for themselves.
BECOME A CONSULTANT FOR TIKTOK
TikTok is one of the most challenging social media channels out there. Brands struggle to gain traction because the platform constantly changes, making it hard to keep up with what works.
But once you figure out how to use the platform, you can start building a following and growing your brand.
That’s where TikTok consultants come into play. These experts specialize in helping businesses learn how to utilize TikTok best to promote themselves. They’re like digital marketing ninjas who know precisely how to make viral trending videos.
The consultant role isn’t always about teaching clients how to make TikTok videos. Some consultants focus solely on strategy, while others offer training on using specific tools like Adobe Spark or Animoto.
However, most consultants offer both types of services.
START A TALENT MANAGEMENT AGENCY ON TIKTOK
TikTok is one of the most popular apps in the world, with over 500 million monthly active users. But while some are making money off the app, others are struggling to find ways to monetize their fame. One way to do this is by starting a talent agency.
There are already several companies out there offering this service. For example, we found a company called TMA Talent that offers “talent management, social media marketing and production.”
On their site, they claim that they help clients build brands, manage careers, and grow audiences.
VERDICT
It’s simple to figure out how to make money on TikTok.
The most important thing to remember is that you need fantastic material that people like, and you need to put in a lot of effort to increase your following steadily.
You’ll start making money immediately if you approach it with the appropriate attitude, are willing to learn as you go, and keep a careful eye on what’s working and what isn’t.
