HOW TO MAKE MONEY ON TIKTOK: 10 EASY METHODS

DO PEOPLE MAKE MONEY ON TIKTOK?

how to make money on TikTok

This is a very common question that deserves a simple answer. People from all walks of life, both the young and old are making a killing on TikTok. If you you are reading this article for a confirmation, then, that is it.

You too can make money on this platform, but you have to be intentional about it, as making money on TikTok requires creativity, and some other vital things that will be discussed further down this article.

The reason creativity is vital is because the platform has grown and many users are now making videos on almost about any thing and niche. So, if your desire is to make money, you have to prepare for it the right way.

HOW MUCH DO PEOPLE MAKE ON TIKTOK?

Many young people have turned to celebrities overnight because of their following on TikTok. A good example of this is Khabane lame who has over 120million followers as at the time of writing this article. He has also made quite a fortune for himself as recent reports show that he is worth about $2million just for making reaction videos.

source:mansworldindia.com

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

Have you heard the saying that common sense is not common?, This is exactly Khaby's secret to stardom and wealth. In his videos,he simply reacts to random clips by making funny gestures that creatively teach common sense.

If you you think that $2million is too much for a 21 year old Khaby Lame, then you have not seen others with fewer following that rake in even more money. For example, Burak Ozdmir is reportedly worth $11 million with a following of over 49million, while Brent Rivera is worth over $6.5 million with over 41 million followers.

It looks more juicy right? Those staggering sums of money just for making videos that are not even beyond 5 minutes in length. At this point, I can almost read your mind. How did they get those number of followers and how exactly are they making this money? Those are your thoughts now, right?

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

Well, before we delve into how you can replicate similar results, and make similar amount of money, you need to understand that the rule of the game is engagement. Getting followers in millions, having video views in millions, and an impressive engagement on your content is all you need

Therefore, it is very important that your TikTok account is well positioned for these before you even start thinking about how much you can make. A following of 10 thousand people can get you started with earning on other social media platforms like Instagram, Facebook and Youtube, but on TikTok, it a bit different. You need followers, views and engagement.

If you don't have a massive following, we are going to look at how you can still make money, but not at the level of the guys discussed above.

HOW TO GET YOUR TIK TOK ACCOUNT READY FOR MAKING MONEY.

The following are my  easy guide to starting your TikTok business:

• Do some brainstorming on creating a unique profile that will attract followers. By this, I mean; chose a niche that has the capacity to entertain, educate, inform in such a way that your content will be continuously loved by your audience.

•  Never forget that your followers are not following you because you are Donald Trump's daughter, or prince Harry, but simply because of your content, the day the quality of your content starts dropping, you will start seeing retarded or declining growth.

• Link your profile to other social media platforms like Instagram and Youtube. This account shows what I mean:

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  how to make money on TikTok
  
  

  
  
• A better way is to activate the Instagram Icon on your profile like this one here

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

• Make videos on things that are trending. It could be a song, catchphrase or concept. You could use Google trends to help you brainstorm ideas. Always make your videos entertaining and engaging, because our attention span is short, a boring content will not help you.

• Use relevant hashtags when uploading your content for more views

• Always join healthy TikTok challenges to get more exposure and views

• Do not wait for the TikTok algorithm to promote your content, you may never be discovered if you do this, always find ways of triggering the algorithm. Push your videos to as many people,friends, families and  connections as possible. You can even follow other TikTokers and they will reciprocate.  

• Stay consistent, and upload regularly

      

 10 WAYS OF MAKING MONEY ON     TIKTOK:

Now let's look at the ways you can make money once your audience starts growing.

AFFILIATE MARKETING:

This is simply recommending other peoples products and services and getting paid commissions. Once your audience grows beyond a thousand, TikTok will enable a clickable link on your profile.

To leverage on the power of affiliate marketing, you will have to sign up on affiliate networks like digistore24, Clickbank, Warriorplus etc and find offers to promote. Then create a landing page which shows all the offers you are promoting. Once people land on your landing page and finally buy anything you are promoting, you will receive your payment via your affiliate network.

To make things clear, look at this TikTok account;

how to make money on TikTok

The circled link leads to a landing page as below:

how to make money on TikTok

This page shows the services this account is promoting. You can create a page like this with many free websites like bio.fm or clic.ly

If you click on the first circled link, it will take you to the squeeze page shown below which is basically the beginning of a sales funnel that prepares you to be re-targeted until you eventually invest or make a purchase.

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

A sales funnel like this can be made easily with a website like this 

If you want to learn more about affiliate marketing and how you can make money promoting services and even creating sales funnels, then visit our Youtube channel

INFLUENCER MARKETING:

Once you have reached a sizable number of followers, you can leverage on the power of influencer marketing. This simply means that you charge a fee for promoting the products and services of brands.

To do this, you can use a site like shoutcart to get started.How it works on shoutcart is that you would list your TikTok profile, and brands in your niche would approach you and you would make money.

It is important that you make sure you are partnering with brands that will not damage your reputation before your audience. Your followers don't just care about your content only, your ethics and principles are usually factored in.

Apart from looking for the brands to partner with on shoutcart and other similar sites, they can reach you for a sponsored video about there products and services. If this happens, select those that align with your ethics and don't jump at just any offer.

According to a recent statistics, TikTok has seen a 52% increase from Dec 2019  to March 2021 regarding the choice of using TikTok for influencer marketing by US marketers. 

As seen from the chart below, TikTok ranks third. That means that much money can still be made

Source: eMarketer

SELLING YOUR PERSONAL PRODUCTS:

You can use your profile to sell your personal products and services. 
If you have an established business or merchandise, you can make TikTok videos about your products and services. This creates more awareness for your brand

You can also have your own merch on TikTok. All you need to do is to add a clickable link leading to your store or a sales funnel. A good example of this is Khaby Lane's merch

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

You can apply this strategy to make money on almost any niche. Just make sure you use a good sales funnel for proper marketing.

TIKTOK'S CREATOR FUNDS:

In 2020, TikTok announced that the sum of $200million had been earmarked for their creators fund as a way of encouraging creators become successful influencers on their platform.

Same year, they said that the funds would increase to $1billion by 2023. That's a lot of money, and the question now is how to have a piece of this cake?. Well, there are a few more things you might need to know by reading this

To be able to participate, you will have to meet the following requirements:

• You must be based in the US, UK, FRANCE, SPAIN,GERMANY OR ITALY.

• You must be at least 18years old

• Have at least 10,000 followers

• Your TikTok account must at least have  attracted 100,000 views in the last 30 days

• Your account must be in good standing with their community guidelines

If you meet any of the above, you can apply and leverage on this to build your brand to be able to land deals and sponsorship

GROWING TIKTOK ACCOUNTS AND SELLING THEM:

Once you have mastered the process of creating an account and growing it to a reasonable following, you can start the business of creating and selling accounts.

All you need is to chose a niche, grow it, while making sure it has an encouraging engagement and views, then you can list it for sell.

To give an idea of how much you can make, here is an account listed for sell on this website

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

A sale that rakes in $1250 is worth repeating. If you are serious about making money on TikTok, then you can start 

DONATIONS:

The brain behind this App has this donation feature in mind from the beginning, because on your TikTok account, you can spend a little above a dollar to buy about a hundred of what TikTok calls coins. You can then donate these coins to your favorite TikTokers or creators when they go live, they in turn can turn the coins to diamonds and withdraw into their PayPal accounts.

Imagine how much you could make if thousands of your followers sent you coins.This is a very fascinating feature that might make you reasonable income if your followers are impressed with your content.

MIDDLEMAN IN INFLUENCER MARKETING:

We already talked about making money as an influencer, but there is still another strategy where you can connect brands who want to advertise on TikTok with creators.

TikTok as a platform, has this already in place. They have a platform where brands can indicate interest in partnership with creators for sponsorship. If the deal pulls off, TikTok collects their commission for connecting both parties.

This is exactly what the website we discussed earlier does, but in a broader sense. They have many social media platforms involved, by connecting brands with influencers on Instagram, Youtube, TikTok, Facebook etc, they make their money.

You can start this by simply designing a website like shoutcart.com and then running ads on Facebook, Google,Instagram and other ads platforms to drive traffic to your website and thereby creating brand awareness.

TIKTOK ADS:

how to make money on TikTok

You can make money from TikTok Ads. If you are familiar with other ads platforms like Google and Facebook Ads, then you can easily understand TikTok's Ads platform to promote your products and services. 

This might be a better option for your established merchandise because when it comes to online advertising, some services are best on some Ads platforms than others.

FREELANCING:

You can offer account management services on freelancing websites like fiverr.

There are many people that their accounts grew into millions overnight and are looking for account mangers that would help them with the rigours of making content regularly.

That's exactly where you come in . Using fiverr, you can list a service like this one and help people manage their accounts and make money in return

how to make money on TikTok

LEARN HOW TO LEVERAGE THE TIKTOK PLATFORM FOR PROFITS TO MAKE THOUSANDS OF DOLLARS, CLICK HERE!

If you are interested, all you will need is to have your clients send you their videos, and your Job will be to uploaded, research hashtags that will bring views and more.

You can visit her fiverr profile to understand how you can possibly start a similar business or even buy a gig from her to understand how she does it.

You can broaden your freelancing to include consulting services. There are people who don't know how to grow their TikTok accounts to get more followers and views. 

You can charge anywhere from $20 to $100 running these services for people while smiling to the bank in return.

REFERRAL PROGRAM:

lastly, TikTok offers the opportunity for her users to be able to earn for referring new users to their platform. Though this has some conditions, you can profit by, if you take it serious.

Here are some of the conditions:

• The referral must not be an already existing user

• The referral creates a new account using your referral code

• The referral must be a resident of the US.

Once these and more are not violated, then you are given coins for each referral and those coins can be exchanged for money.

You can read more about their referral program here

If you apply any of the above strategies, you will surely start earning on TikTok, but make sure you do the following for success

• Don't throw in the towel, consistency is the rule of the game. Don't be overwhelmed by the competition or possibly a slow growth

• Be transparent, do not run a shaddy account, you will not earn trust from brands

• Do not sacrifice your regular content for sponsored videos, your audience are watching you. If you make more of advertising videos or sponsored content than necessary, you will lose attention and engagement from your brands.