It seems like that ’ s precisely what happens when you figure out how to monetize TikTok. We see it every sidereal day : there are tons of influencers who are making millions of dollars a class through their TikTok accounts .
And that ’ s no mystery. TikTok has grown fabulously fast since its debut in 2016 — it ’ s the first app not owned by Facebook to hit three billion installs .
While monetizing your TikTok account international relations and security network ’ t an easy job to accomplish, it ’ s absolutely accomplishable if you have the dedication, strategy, and willingness to learn how it ’ south done .
In this article, we ’ ra going to look at 7 ways to start making money on TikTok .
Let ’ s do this .
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Making Money on TikTok : 7 Ways to Start today
There are plenty of opportunities to make some cash on your darling app. Let ’ s attend at some of the top TikTok monetization strategies for 2021 .
1. Become a TikTok Influencer
You know the say, “ Build it and they will come. ” This concept applies to TikTok excessively .
If you build an history with a firm and engaged following, you ’ ll be able to score influencer partnerships with brands all over the global that want to connect with your consultation .
In an influencer market arrangement, a brand will ask you to promote their products or services in your TikTok video. The most common type of requital is money or unblock gorge from the company .
For exemplar, Charli D’Amelio, one of the biggest TikTokers out there, is an influencer for P & G, one of the biggest brands out there .
While some people think that you need millions of followers like Charli to become an influencer, that ’ s not the case .
A lot of brands prefer to work with micro-influencers or influencers with a smaller number of followers. The definition of a micro-influencer can be different depending on who you ’ re talking to and the size of the market you ’ ra target, but it ’ south generally between 5,000 and 50,000 followers .
To become a successful influencer, it ’ s a good theme to have a niche or a specific theme or topic for your account and posts. This way, brands will be able to clearly identify if you ’ re a well match for the products and services they ’ d like you to help promote .
2. Grow and Sell TikTok Accounts
many businesses would like to have a presence on TikTok, but don ’ t have the clock time or resources to create and grow an account .
Why not offer them a fast traverse to TikTok increase ? You can do this by growing and selling TikTok accounts .
For some time immediately, people have built sociable media accounts and sold them to make money. For example, 23-year-old Ramy Halloun makes around $ 30,000 per annum using this TikTok monetization scheme .
To successfully sell TikTok accounts, you need more than just an attractive range of videos on your account. You ’ ll besides need a specific stress and a consecrated come .
Themed or “ niche ” accounts are easier to sell because the buyer can continue creating the like kind of contented after the purchase to maintain followers .
For example, if you sell an account that features shortstop videos related to unbox, the brand you sell to can continue posting the same type of video in the future .
personal accounts are much harder to sell because followers may be drawn to the person quite than the style of content .
When flipping TikTok accounts, you ’ ll indigence to build a potent content strategy, absorb with followers regularly, and give buyers advice on how to get far betrothal on their newly bought account .
Another way to monetize your TikTok bill is through sponsored message. This is when brands approach you ( or you approach them ) to feature their offerings in your video recording. In render, they pay you a fee to compensate for your service.
You can start by working with smaller brands to build up your portfolio. Reach out to local businesses in your area to see if they ’ vitamin d be concerned in getting featured on TikTok. It might be a good theme to charge a minimum tip in the get down, then work your way up once you start gaining realization as a TikTok godhead .
But if you ’ vitamin d quite charge high and have brands come to you, consider joining the TikTok Creator Marketplace ( TCM ). For those unfamiliar, TCM is a collaboration platform that allows brands to connect and run marketing campaigns with TikTokers .
however, you need to have over 100,000 followers, be at least 18 years old, and receive over 100,000 video likes in the past 28 days to apply.
So if you ’ re a fresh creator, it ’ second best to focus on making creative TikTok video recording that you can share with brands to get some sponsorships .
4. Sell Your own Products
If you ’ re from the US, Canada, or the UK and have a TikTok for Business account, you might be able to add a shop tab key and product links to your profile .
The shop yellow journalism is basically a raw sport resulting from TikTok ’ s partnership with Shopify. It ’ sulfur designed to help TikTokers with a Shopify shop promote their products through the app. Users who click a product connect are redirected to the merchant ’ randomness Shopify store for leverage .
Although it ’ s not a conduct way of making money on TikTok, you ’ d still earn by generating sales for your business .
Pro tip: If you don ’ t have a draw of followers on TikTok, you can endorse your products by creating unique TikTok television. For exemplify, if you have a business selling food products, you can make 30-second recipe television and parcel them on TikTok. Be creative !
5. Collect Donations
TikTok has an matter to have called coins. If you ’ re eligible to live current, you can collect these coins from your most dedicate and adoring followers. then you can finally exchange them for cash .
hera ’ s how it works : Say that your biggest fan purchases coins, which start at $ 1.39 for 100 coins ( and goes up to increments of $ 139.99 for 1,000 coins ) .
If you ’ re live streaming, that user can send you coins or use those coins to buy you gifts. You can then turn coins and gifts into diamonds, then convert diamonds into cash using PayPal .
Pretty cool, right field ?
The only catch is that live streaming international relations and security network ’ thymine unfold to everyone. TikTok hand-selects users for livestreaming, so you ’ ll motivation to have a solid report before you can monetize TikTok with this choice .
The chinese version of TikTok, Douyin, has a alike feature : during a know stream, an score owner can offer a “ shopping cart ” choice so they can directly sell their products and services during the pour .
Some people predict that this have will be coming to TikTok finally — which would be another amazing access to making money on TikTok .
6. Become a TikTok Consultant
TikTok is one of the rugged platforms for a set of companies to master. The alone nature of the distribution channel means trends normally change very cursorily .
Anyone can become a viral sense overnight, and it ’ mho easy to lose a chunk of your followers besides.
That ’ mho why TikTok consultants are in high demand .
TikTok consultants are specialists that brands hire to help them build their presence and grow traffic to their TikTok accounts .
If you know how to make trend-worthy TikTok television, you can teach others how to do the lapp for a fee. It ’ s a great direction to monetize your skills and besides build occupation relationships .
To succeed as a TikTok adviser, you ’ ll need to demonstrate your ability to get thousands or even millions of views on videos. You ’ ll besides need to know how to leverage different features of the video-sharing app .
If you ’ re having a lot of success on TikTok, you should have these things covered .
7. Start A TikTok Talent Management Agency
Do you have experience with talent management, social media market, or output ? You could create a business that consults and manages accounts for celebrated TikTokkers .
If you think about it, it ’ mho similar to actors having their own endowment managers .
This is an particularly helpful service for those people who have gone viral overnight. They make an amazing video recording, wake up in the morning, and BAM ! They have more followers than ever — but they have no estimate how to keep the momentum going .
That ’ s where you come in as a talent director. You can help influencers to :
- Find partnerships with brands that match their visualize and follower interests
- negociate deals and agreements on their behalf
- Advise them on a content strategy to maximize their exposure and betrothal
- Come up with newly and concern ways to make money ( for both of you ! )
How much money Can You Make from TikTok ?
While you don ’ t need to have 20 million followers to monetize TikTok, a money-making explanation needs to have a impregnable, engaged following .
In terms of strategies like influencer marketing, the total of money you can earn is generally related to the phone number of followers you have. It ’ mho no secret that long-familiar accounts can bring in anywhere from tens of thousands of dollars to even a million dollars on a single post .
There are some tools out there that can estimate how much money you might be able to make based on your account stats. Influencer Marketing Hub ’ s TikTok Money Calculator is a dependable one .
Take celebrated TikTokker Kody Antle, whose claim to fame was his dad ’ s appearance on the viral show Tiger King .
With 28 million followers and a 0.75 % engagement rate, Kody might be making up to $ 27,800 per stake .
If you ’ re distillery in the micro-influencer stages, your earnings will be lower .
For example, Carlos Ayala has 112,900 followers and a 3.07 % engagement rate, and he ’ s estimated to make up to $ 114 per post .
Keep in mind that your earnings will be different depending on which strategy you use to monetize TikTok, and how you go about bringing that scheme to life .
How many Followers Do You Need To Make money on TikTok
technically, you could start making money on TikTok with equally short as 1,000 followers. however, you ’ five hundred need to find brands willing to sponsor your subject .
Another way is to engage with your audience in live videos, so you become a fan favorite and earn gifts .
TikTok allows users to support their darling creators by sending gifts in versatile forms and amounts. Once you receive a giving, it is converted into a baseball diamond on your TikTok profile. After you make adequate diamonds, you can exchange them for cash and withdraw the money via PayPal or another patronize requital serve .
The minimum withdrawal terminus ad quem is $ 100. TikTok allows creators to withdraw up to $ 1,000 per week .
Besides these two options, you can apply to join the TikTok Creator Fund. This is a program TikTok uses to reward creators who publish timbre contented frequently and create rate for their hearing .
here are the requirements for TikTok Creator Fund :
- Your TikTok account has at least 10,000 followers .
- You have generated at least 100,000 video recording views in the past 30 days .
- You are at least 18 and based in the UK, US, Germany, France, Spain or Italy .
This option is good suited to creators who ’ ve managed to build a decent follow over the by few months .
compendious : How to Monetize TikTok in 2021
Learning how to get paid on TikTok international relations and security network ’ thymine sophisticated or crafty .
The main matter to keep in take care is that you need amazing content that people love, and you need to work hard at endlessly growing your comply .
If you approach it with the justly mentality, and you ’ ra volition to learn as you go and pay close attention to what ’ s working and what isn ’ triiodothyronine, you ’ ll be making money before you know it .
To recap, here are 7 ways to start making money on TikTok :
- Become a TikTok Influencer
- Grow and Sell TikTok Accounts
- print Sponsored Posts
- Sell Your own Products
- collect Donations
- Become a TikTok Consultant
- Start A TikTok Talent Management Agency
What steps have you taken to monetize your TikTok report ? Let us know in the comments section below .
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