With over 2 billion active users, TikTok represents something around 20% of the global population and it is still growing. TikTok is the most downloaded app worldwide and the social networking platform with the quickest growth. This alters the rules because you’re in the wrong place if you want to make money online right now and you’re not on TikTok. And this is where knowing how to make money on TikTok is essential and not a luxury anymore.
After learning how to get followers on TikTok, you as a content creator must think about how can you make money on TikTok. Here in this article, our goal is to go through methods that will professionally answer this question. So, let’s start with how the TikTok algorithm works because knowing this information can help you a lot along the way.
How Does TikTok Algorithm Work?
Have you ever asked yourself ‘How do people make money on TikTok?’ Well, they know how to use the TikTok algorithm.
TikTok’s advanced algorithm determines what kind of content will be shown to you by analyzing how you engage with posts, hashtags, accounts, and themes. This is a whole new strategy in the social media realm. You can now simply sit back, unwind, and enjoy an endless stream of videos that are always becoming more relevant to you and your interests, as opposed to the past when you had to actively select to follow someone to access their content. However, you can still turn off the profile view for more privacy and check a specific person.
This is revolutionary for businesses and content creators. Ads are less likely to appear on TikTok, and you can be sure that your chances of being seen are as high as anyone else. The content you provide that actively engages viewers will be seen by those who are interested in it. Don’t forget that the main goal of becoming viral, regardless of how arbitrary it may seem, is to attract attention.
Top 10 Ideas on How to Make Money on TikTok
TikTok monetization is one of the most common issues that people are facing these days. We are being asked daily questions such as how to monetize TikTok and this was the main reason to write this article. In this part, we will go through some of the best tips that will help you find the answer to these kinds of questions.
1. Join the TikTok Creator Fund
TikTok has been paying its content creators whose content gets a lot of likes and comments since July 2020.
The Creator Fund isn’t available to everyone, though. The criteria for the TikTok Creator Fund are as follows:
- You should be from one of the US, UK, France, Germany, Spain or Italy countries,
- You should be older than eighteen,
- At least 10,000 people follow you,
- You have to follow the terms of service and community guidelines on TikTok with your account.
The Creator Fund is a way to get passive income without taking on additional work if you meet the requirements. This section also answers questions such as ‘How many followers do you need to make money on TikTok?’.
2. Get Sponsorships
There are several ways the process of scoring a sponsorship could go. For instance, a business can provide you with a free product in exchange for your mention of the product in one of your films. You can accept the offer or ask the business to add some money to the freebie. Reaching out to businesses proactively, especially if you’re currently using and promoting their products, can help you obtain sponsorships as well.
With the Creator Marketplace, a platform for content creators to strike better and easier sponsorship deals, TikTok is facilitating the process of content creators connecting with marketers. All you need now to make money on TikTok is to find a company or producer that is interested in your content.
This is where Ainfluencer comes in quite handy. You can get assistance from Ainfluencer, a free DIY influencer marketplace, in several ways. It’s simple to find other influencers, get in touch with them, and work together to produce content that will grow your following drastically using this platform.
Additionally, Ainfluencer offers you a secure end-to-end chat feature for your conversations that is super important for your own security. Ainfluencer also has no restrictions on the number of influencers you can connect with and invite to your campaign.
You just need to sign up; the rest will be taken care of by them. Make sure that you don’t pass up this chance.
3. Collect Tips and Donations
If someone ever asks you ‘how do you make money on TikTok’ you can easily point them toward tips and donations.
With the introduction of TikTok’s tipping feature, a limited number of creators can now profit from donations and tips. This tool allows fans to express their gratitude to the creators they adore.
Watchers can donate virtual gifts to producers via video gifts. A live stream allows certain creators to receive prizes. Gifts are exchangeable for Diamonds, the virtual money of TikTok. And you can exchange your Diamonds for real money once you’ve saved up enough of them.
4. Use Affiliate Marketing
Affiliate marketing makes it possible for creators to sell other companies, goods on their accounts.
You must make sales online to be a profitable affiliate marketer. Concentrate on promoting goods that fit your intended market. Make interesting videos about the items, emphasizing their benefits and the reasons you think people should buy them. Try promoting companies that you believe in and enjoy, and share affiliate links or codes to monitor purchases that are impacted by your account. Make sure to try this method as a strong answer to how to make money on TikTok.
5. Set up a TikTok Shop
You may have seen others make money through TikTok shop and now you are asking how to make money on TikTok shop. Well here is your answer.
TikTok and Shopify collaborated to introduce the TikTok Shopping service. The official TikTok merchant site allows brands and creators to sell straight within the app.
You can display products on in-feed videos, lives, and product showcase tabs by setting up a TikTok Shop. However, at the moment, this market is restricted in certain areas, and access to the selling center is limited to a selected few users or regions.
6. Use TikTok Rewards Referral Program
If you are wondering how to make money on TikTok, one way is to bring more people to this platform.
Through the TikTok Rewards referral program, you may earn money by introducing your friends and family to the app. The fact that anyone can use this monetization strategy is its best advantage. You can begin sending users to TikTok and earning money as soon as you have an account there and meet the age restrictions.
7. Do What You Enjoy
How to make money on TikTok without followers? Is this even possible? The answer is yes.
To get money on TikTok, you don’t have to become viral, and becoming viral does not ensure financial success. Big TikTok accounts are all successful because of their intriguing and new content.
If you do something you love and believe in your creativity and bright ideas, you can grow a following and generate money at the same time.
8. Host Live Events
Another excellent option to earn money is using TikTok Live. Users can send live presents to you during these events.
To keep viewers interested, make sure your event and workshops are both helpful and interesting. The likelihood that viewers will remain on your page and send you virtual gifts increases with consistency.
9. Coach Other Creators
Create paid classes that show new TikTokers how to expand their following and make new and engaging content, something like a life coach. This is a well-known method on how to make money on TikTok.
By using this method you have the option to hide premium instructional content behind a payment. You also can use other platforms to run your classes and use TikTok as an advertisement platform.
All you need to do is give your followers a taste of your classes and encourage them to take them.
10. Use Series Feature
You can charge users for access to premium content by placing a series of videos behind a paywall and charging them for access. However, keep in mind that private and political accounts are unable to utilize this function.
You can charge $0.99 to $189.99 for your Series, which can have up to 80 films, each lasting 20 minutes. The type of material included in a series depends on you. You can just make videos of your life routine or something more detailed.
FAQs
Let’s see what the most common questions on the Internet about how to make money on TikTok are:
1. How Many Views on TikTok to Make Money?
Only videos that surpass 1,000 views and comply with TikTok’s Community Guidelines and Terms of Service are eligible for payment. When you begin receiving payment, the funds will show up on a dashboard for the creativity program. You can take money out of this to deposit into your bank account or use a payment processor like PayPal.
2. How to Make Money on TikTok Without Showing Your Face?
There are some methods to make money without showing your face that come next:
- Use AI: you can easily make top-notch content with the power of AI. there are different AI tools that can help you out in this matter.
- Hire freelancers to create content: there are agencies and freelancers that make content for you for a fixed price. Make sure to check them out.
- Share viral videos: sharing viral videos is a guaranteed way to be active, and not show your face as well.
- Use creator fund: if you have at least 10000 followers and are living in the US, UK, France, Germany, Spain or Italy make sure to check the TikTok creator fund out.
3. Does TikTok Pay for 1000 Followers?
No. Having 10,000 real followers is one of the requirements in addition to creating creative content, to be able to make money on TikTok. It is obvious that a video’s interaction level influences how much users are paid on TikTok.
Conclusion
We tried our best to provide you with some of the best methods on how to make money on TikTok. There are several ways to monetize your TikTok account, but they all depend on producing high-quality content. Remember that trends on TikTok change rapidly. If you want to stay ahead of the curve, you need to make engaging, eye-catching videos that rapidly capture viewers’ attention and encourage them to engage with and share your material.