How to Make Money on Tiktok: 12 Ways to Make Money

Are you a content creator and you’re looking for ways to make money doing what you love, or you’re just begining your content creation journey and want to be making money from it? Do not stress yourself, as we’ll be letting you in on 15 different ways on how to make money on tiktok.

Content creation today has become a sure way to make some money on the sides, and if you’re able to get a hang of it, it can be your major source of income. As tiktok has grown to be one of the top social media platforms creators use, it has also been able to generate money and wealth for alot of creators that make use of the platform.

Pick up your pen and bring your full attention, as we are about to drop some knowledge for you on how to make money on tik-tok. This information can go a long way in shaping your content creation journey, and if you’re able to pick something from it it’s a huge plus for you.

Read Also: When to Post on TikTok: How to Find the Best time to Post

Who are your Tiktok Audience?

You must identify your TikTok audience if you want to make money from them. Additionally, users on TikTok seem to be younger. Sixty-two percent of users are under thirty, while thirty-two percent of active users are under twenty. TikTok’s attraction to Generation Z is often seen as its defining feature, but this might quickly change.

Because millennials are increasingly using the platform and that teens are usually the ones that use social networks when they first start, it could be beneficial for you to target TikTok’s older user base early on in the life of the business.

How to Make Money on Tiktok

1. Put Merchandise up for Sale

Making money from various types of videos is a very good method to use Tik-Tok for selling your own products. You can create and market products to your audience, such as t-shirts or bags, if you have a talent for dancing, singing, or making people laugh.

A lot of businesses are able to print your designs on a wide range of items. Selections include t-shirts, purses, cushions, caps, mugs, stickers, and more.

In addition to generating revenue, selling these goods brings followers one step closer to you and your brand. Wearing your merchandise also contributes to the promotion of your brand.

2. Affiliate Partnerships

By collaborating with brands, TikTok’s Creator Marketplace allows creators to make money. It makes it simple for the right influencers and businesses to collaborate and create sponsored content by matching them.

On the marketplace, marketers may take note of creators who are willing to work with them if they want to make use of affiliate marketing. It functions similarly to an influencer agency, where companies and creators may express their want to collaborate. Unlike on other platforms, this makes it less awkward for marketers to communicate with influencers.

3. Collect tips or Donations

A new feature on Tik-Tok lets some creators to take donations and tips from fans. This allows fans to show love to their favorite creators.

While watching creators’ videos, fans have a chance to send them virtual gifts and money. These are the offers that some creators can get during live streaming. The gifts can be sold for Diamonds, that work similarly to TikTok’s digital money.

You can exchange your Diamonds for real money once you’ve gathered enough of them. In order to receive tips, creators can also link their Tik-Tok account to other websites like Buy Me a Coffee, Ko-fi, and Tipeee.

4. Run ads for Tik-Tok

A lot of 18 to 19-year-olds, around 67%, and 20 to 29-year-olds, about 56%, use Tik-Tok. This makes Tik-Tok a good choice for brands who want to reach young people. Tik-Tok has simple tools for advertising to lots of users.
The types of ads you can use depend on where you are, but they all let you choose who sees them based on age, where they are, and what they like. You can pick the ads that work best for your brand.

The most popular Tik-Tok ads are:

In-feed video: These ads appear on users’ For You Pages, depending on who you want to see them.
Brand takeover: Your ad takes over the whole screen for a short time before becoming a regular video.
Hashtag challenges: These challenges get users to make their own videos and show up in the Discovery section. This option is only for brands working with Tik-Tok salespeople.
There are other Tik-Tok ads to try, but some are only for certain types of accounts.

5. Tik-Tok Shop

Tik-Tok Shop provides another way for making money on Tik-Tok through affiliate relations. TikTok’s in-app shopping tool, Shop, allows business account holders to make shoppable videos and livestreams.

You can tag products in your videos that involve them when you use Tik-Tok Shop. It’s a natural way to get your audience to pay attention to whatever you want to advertise.

Additionally, you can include buy buttons and product details in your content to guide readers to your affiliate partner. You can instantly connect with Tik-Tok Shop to allow users to look for things from within the app if your affiliate company is managed through a Shopify store.

Features in Tik-Tok Shop ease the friction for your audience. They can now stay on Tik-Tok instead of having to learn more about the products that you, or your affiliate partner, are selling.

Like many successful companies, Peace Out Skincare was founded by its creator in reaction to the a problem for which there was no existing solution—until he came up with one.

6. Be part of the Tik-Tok Creativity Program

If you have lots of followers on TikTok, you can earn money with the TikTok Creativity Program. This program started in May 2023, taking over from the TikTok Creator Fund.

In the United States, creators need at least 10,000 followers and 100,000 real video views in the last month to join.

Rules:

You must be at least 18 years old.
You need to meet the follower and video view requirements.
Your account must be in good shape.
Creators in the TikTok Creator Fund can move to the Creativity Program.

7. Grow and sell TikTok Accounts

Getting lots of followers on TikTok naturally might take a long time, maybe months. But, you can buy a popular account that already has lots of followers to get them quickly.

To sell TikTok accounts well, creators should focus on specific topics that the buyer can keep making videos about. This helps the buyer to keep posting similar content and keep their followers interested.

If brands want to buy an account, they should look into it first. An account with lots of followers but not much interaction might not be what you’re looking for. Make sure the account’s followers are the same as your target audience, and the content matches your brand and goals.

Brands can buy active accounts from websites like 123accs, Accfarm, and Fameswap.

8. Create a Patreon Account

Through Patreon memberships, creators may earn their fan base by giving exclusive material. Convince fans to purchase these memberships by using Tik-Tok.

To increase the number of customers, keep the subscription costs low and consider rewarding new members. For instance, you may give your most devoted fans freebies or exclusive content. Put a link to your Patreon website in your videos or bio to make it easier for fans to sign up. They can then sign up whenever they’d want.

9. Offer Exclusive Content on TikTok

In June 2023, TikTok introduced a new platform called Tik-Tok Series, which allows producers to make money. This allows content producers to charge for unique material.

TikTok Series users are required to:

Have at least eighteen years old.
possess an account that is no less than 30 days old.
possess ten thousand or more followers.
Post three or more videos online every month.
Obtain 1,000 views or more every month.
If a creator provides a link to exclusive content they have previously sold on another platform, even those with fewer than 10,000 followers may be eligible.

10. Create in-feed ads

TikTok offers a plethora of organic ways for you to market your brand, but if you’re willing to shell out cash to expand your audience, you can try creating your own advertisements with the platform’s ads manager.

Like normal TikTok videos, these ads show up in users’ “For you” feeds and begin playing automatically. You can guarantee that viewers of your videos are people who are probably interested in your product by purchasing advertisements.

Shopify and the TikTok ad management integrate seamlessly. This implies that you can make TikTok advertisements from your Shopify store, choose who sees them, and monitor their performance. One of the best online marketing strategies for your company may be to use TikTok.

11. Crowdfund Projects

TikTok gives plenty of organic ways for you to market your brand, but if you’re willing to part with out money to grow your audience, you can try creating your own advertisements with the platform’s ads manager.

Like normal TikTok videos, these ads show up in users’ “For you” feeds and begin playing automatically. You can guarantee that viewers of your videos are people who are likely interested in your product by purchasing advertisements.

Shopify and the TikTok ad management work nicely. This means that you can make TikTok advertisements from your Shopify store, choose who sees them, and check their performance. One of the best online marketing strategies for your company may be to use TikTok.

TikTok. It takes a lot of effort and time to provide content for your fans. Giving them a non-obtrusive way to assist you is great. A reliable source of income for creators is crowdfunding. Different forms of crowdfunding exist.

You can ask your TikTok followers for assistance if you need money to start a project. Your supporters can make a donation to support you in reaching your financial target, which you have chosen.

12. Give personalized Shoutouts

TikTokers who want to grow their accounts and gain more followers might be prepared to pay for customized shoutouts if you have an active following. Choose an appropriate rate and provide shoutouts as an extra income stream.

A little trial and error may determine your price. You might want to reduce it if you’re not receiving any bites. On the other hand, you may be able to raise your price if you’re receiving a lot of interest.

Afterwards, you can give them a shout-out in a broadcast or live video. To give people the option to select where they would like to be screamed out, you may even decide to offer two alternative price points, with feed videos costing extra.

See Also: Best Hashtags for Small Businesses to Reach their Target Audience on Social Media

From giving shoutouts, to joining the creators program, to receiving gifts from Tiktok love, how tobmake money on Tiktok has become much easier over the years and all you have to do is generate the right audience to tailor your contents for, and focus on giving them good contents that’ll prompt the monetization aspect.

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