How To Make Money On TikTok- 7 Ideas For Monetization!
Wondering if TikTok can be an effective platform to bring you money?
Of course it can! Just like other social media platforms like Twitter, Facebook, etc, TikTok also provides its users the opportunity to earn some money in various ways.
TikTok, the trending application for sharing short videos, has taken the internet by storm nowadays. It went from a fun app designed for kids to an entertaining app that is used by all ages across the world.
Along with all other platforms, TikTok has also become one of the popular platforms to make money online.
Now you must be thinking how to make money on TikTok?
Here are 7 mind-blowing ideas to make money on TikTok.
# Join The TikTokâ€™s Creator Fund
The TikTokâ€™s Creator Fund is a great way to support & reward new innovative creators on the platform.
It is mostly for the TikTok users who have already built a substantial followers count.
The revenue that is generated from the Creator Fund varies from person to person and it is mostly calculated based on the frequency of your posts, your followers count, and quality of your user engagement.
Wondering how to join the TikTokâ€™s Creator Fund?
Here are some criteria that you need to meet in order to join the program.
- Must be 18 years or older
- Having a minimum of 10k followers
- Must have 100k video views in the last 30 days
- Must be from the U.S., U.K., Italy, Germany, Spain, and France.
- Must adhere to the TikTokâ€™s community guidelines
- Must have a Pro account to apply for the Creators Fund Program
The Creators Fund is an awesome opportunity for TikTokers but steady payment from here canâ€™t be guaranteed.
â€œItâ€™s an incredible way to drive traffic to other channels â€” to your website, to your email list or to your YouTube channel,â€� says Keira Jones (@thekeirajones), a Phoenix-based TikToker who also manages brands on the platform.
# Partner with Sponsors and Brands In The TikTok Creatorâ€™s Marketplace
TikTokâ€™s Creator Marketplace is always an amazing opportunity for all the TikTok users to earn some money.
If youâ€™re looking for influencer marketing, this is the right option for you as TikTokâ€™s Creator Marketplace helps to connect the right brands with the right influencers which facilitates partnerships in a faster & easier way.
As a creator, you need to post innovative content so that the brands that are looking for an influencer get attracted to your content and partner with you.
The Creator Marketplace on TikTok acts as an influencer agency that lets both sides show their interest to work with one another.
# Sell your own products to other TikTok users
Selling your own products on TikTok is one of the best ways to earn a good amount. This is a great way to tap into a diverse audience consisting of Millennials & Gen Z.
Here, you donâ€™t need to rely on any other person.
Just promote your products. Introduce the features of your product and get orders from your followers.
Isnâ€™t it the easiest way?
Also, you must make sure that you have enough followers count because if your videos arenâ€™t getting enough views, who will buy your products?
If you have an eCommerce website then you can also add the link in your video .
Still, if you donâ€™t have any products then you can start your merchandise. Sell some things like Mugs, T-Shirts, Caps, etc.
This idea can wonderfully work for you if you have products to sell.
# Create in-feed ads on TikTok
Well, Tiktok is giving you a lot of opportunities to drive organic traffic on your videos.
So, are you willing to spend a little to expand the reach of your content?
If yes, then you can consider creating in-feed Ads with the TikTok Ads Manager.
TikTok ads appear in the â€œFor Youâ€� section of your feed and automatically plays just like other videos on TikTok. So, if youâ€™re ready to spend a little money, you can be sure that your videos are reaching the people who are most interested in your products.
You must take advantage of this strategy if youâ€™re planning to sell your own products or services.
Another major advantage of this strategy is that, TikTok ad manager integrates with Shopify! This makes you create ads, select your target audience, & enhance your adâ€™s performance- all can be done directly from your Shopify store.
So, it is an amazing opportunity to reach your target audience on TikTok and can start earning a regular income from that.
# Crowdfund projects by collecting donation from the followers
Crowdfunding is the most used way for creators looking to make some real money! It can take many forms depending on which form the content creator is looking for.
Have you ever tried convincing your followers to donate some money?
In this case, you need to convince your followers to donate for a special cause or a special project and then you can rally your supporters by setting up a funding goal.
This trick also gets followed in Twitch. Users will appreciate your content and pay some amount as rewards.
# Offer Fan Subscriptions
Itâ€™s always considered one of the most effective ways for the creators to go with subscription ideas to generate more revenue from your loyal fans.
Well, the main target is to increase the subscribers and thatâ€™s why the subscription amount should be less.
Charging a subscription amount of just one dollar will be the best option when youâ€™re just starting out. The amount will start to increase once your followers increase.
Many influencers are already earning a good amount by going with paid subscriptions.
So are you willing to try this out?
It is worth trying the subscription parameters and grabbing the opportunity to earn a regular income.
# Become a TikTok Consultant
Do you consider yourself as a pro TikTok marketer?
If yes, then this is the opportunity you must not miss out..
There are many people all over the world who are still unable to understand the basic ways of getting more views on their videos. All you need to do is help them out with your innovative strategies and charge money accordingly!
Nowadays, everyone wants to go viral on TikTok.
Thatâ€™s why the demand for TikTok consultants has increased in the market.
It can be a good option to choose some brands and help them to increase their followers.
Share your secret strategies & instead get paid!
But make sure youâ€™re having the required background knowledge & experience in this before you offer this as a service.
TikTok is one of the best platforms for marketing if your target audience is mostly inclined towards videos. Similarly, if you want to make money, TikTok can be a great platform to start with!
Now youâ€™re well aware of the 7 amazing ways on how to make money on TikTok.
So, which way are you planning to apply?
Comment below your opinion! Also, donâ€™t forget to share some of your TikTok money making tips..