TikTok has become one of the eminent video sharing platforms since its release in 2017. It is an app which is available on android as well as on iOS. The company considers it as the leading short form video platform for mobile videos.
The main purpose of launching this app was to provide a platform for short entertainment videos using your smartphones. In July 2019, it became more popular among the masses and surpassed 500 million users per month.
Due to its immense popularity in the shortest time people usually search for “how to earn money on Tiktok” or “can you make money on Tiktok”. The answer to this question is yes. Currently, you cannot monetize your videos to get income but it does not mean that you cannot earn from this platform. One can become a videopreneur using this platform.
Currently, it does not have ad revenue for creators like YouTube or Dailymotion. I am optimistic that one day they will allow the creators to earn money from videos directly.
In this guide, I am going to share the best ways to earn money on TikTok app. One thing I want to clear that is, there is no “magical formula to become rich in a jiffy” if there was I will be using it. Everyone can try his luck, I have some ideas or you can say suggestions which you can use to earn money on this app. I shall be sharing some basics so that you can make your mind, it needs creativity as well as luck to proceed.
How to Earn Money on Tiktok
1: Become AN “INFLUENCER”
Become an influencer and it is an ideal way to making money from your presence. Recently, people took bad impression about influencer. It is because there are some people who purchase fake followers on their profiles including Instagram to be an influencer. It is a hard nut to crack to become famous and influential simply using your influence and virtue.
True influencers have actual organic followers, it means that actual human followers who give value and respect to the ‘influencer’. The world is replete with true influencers, it ranges from large to small scale.
If you have a friend whose musical taste you trust – your friend is an influencer, whether he has five fans like you or 5 million.
On the larger scale, Martha Stewart was once a powerful influencer, Oprah Winfrey was most far reach influencer, to make the book #1 best seller and make the author media figure, Oprah Winfrey just had to mention it.
The trend seems to be changing towards smaller influencers.
All the influencers I have mentioned in this article, they add value with their opinions.
You will not listen to your musically tuned in friend due to his/her cool website, or other friends ask you to, you listen to the music because you think he/she has a good taste of music.
Whenever he/she suggests an album of an artist, you will definitely go through it because you know it will be good.
Your friend is saving the time as well as the money every time he/she recommends something, that is why you pay attention to this influencer.
Why people consider movie reviews and food critics, is because they keep the bad films and crappy restaurants away from you and lead you to the good ones. They provide value to the world using the opinion that has proven useful for themselves. Martha Stewart offers amazing recipes and stunning craft projects to inspire people. Oprah Winfrey almost suggests the authors and books which are really good and worth considering.
Influencers are real and you can be one if you have the potential, if you are not adding value to something using your opinion, you should not be in the influencing line. This way, you will not be able to perform or maintain your popularity among your followers. You should have something valuable to attract the viewers.
If you have something valuable to say to the viewers, they can pay heed to your opinions, TikTok provides you the opportunity to monetize your videos. All you need to do is to recommend or suggest services and products that you genuinely think are best. It includes the stores, artists and brands and those brands will be happy to compensate you for this review. For this purpose, you should have genuine and organic followers. If you will be a real influencer, you can earn thousands of dollars with ease for recommending someone’s product or brand.
You need to keep in mind that plenty of influencers get into trouble by accepting the deals of brands and they do not disclose the deal to their followers. It somewhat reduces your opinion’s value to a number of people, so I suggest you should reveal that you are getting these kinds of deal. It is because the adverse results of the deal being revealed that you didn’t reveal will become a huge scandal for you and it will damage your reputation as a influencer.
2: LIVE STREAMING
Whether lip-syncing or live, live streaming on tiktok used to happen through live.ly URL but now it is moved on to musical.ly. The basic system is simple. Tiktok users can purchase coins with the help of real money using in-app purchases option. They can use coins as a currency to tip tiktok creators, by giving them a small amount of real money as a thank you for creating a good piece of live content. Tiktok provides 80% of the value of the real tip to the person performing a live stream on tik tok. In this way, he/she builds their account and attracting the brands that this user is creating good content to influence others.
It will not make you rich but it can be part time income stream, but you will make money on tiktok in the form of digital gifts rather than cash, it is not difficult to turn it into cold hard money.
3: PROMOTING / SELLING YOUR OWN VENTURES
This can be the most realistic way to earn money on Tiktok, even without getting a huge followers or becoming a national scale influencer. The secret is to have a store or business, and use tiktok as a medium to promote your services or sell your products. The great thing is that it can be any legal business or services, whether it is crafty, techy, or nerdy, you can do it.
For instance, you can provide a river rafting service to offer people raft trips to Colorado river every summer. You can make videos of every raft trip, and use the 15 second clips to attract the people by showing the fun people are having from your services. Post this video with some promotional frames, show them how to get in touch with you, what are your charges, where are you, when is your next trip, how to book it etc. Tiktok is not paying the users directly but with your clientele, you can earn thousands of dollars by attracting more clients using your videos. You can also create your Facebook page or YouTube channel to promote these videos there.
There is another way to earn money on Tiktok platform, for example, if you are in the crafts business and making cool melted glass and glass sculptures. You make videos on them, how to do it, show them techniques and also tell them how good are you in your field, show them your best work and in the end mention your website and share a link too. This way, you will not only attract the viewers but also be able to sell them your items.
Luckily, you can advertise your business on this social media platform too even if it isn’t something that can be used in a video. When you upload a video that is funny, creative or musically great, it will attract the viewers and you can add the service and products of your business.
4: Use AMAZON REFERRAL/AFFILIATE LINKS – Ecommerce Earning
It is another way of making money on TikTok with the help of Amazon affiliate links only if you will do it right. Don’t confuse your viewers. How will you promote anything without having links on your videos and bio? You cannot force the viewers to write down the referral link into the browser even if they did do that, it will end up losing an Amazon account. It is against the rules of Amazon’s link system. A manual link entry will allow the viewers to open it by tapping it or clicking it, but the question arises how do we do that?
Your bio is the best place where you can add written information on Tiktok platform (you can also add text to your videos but it can distract the viewer from the video). However, you cannot add links on your bio page, the text you add there is not clickable or tappable. Additionally, the viewers cannot even copy and paste it into the browser. Here what will you do? You need to add short text: it means a short URL for affiliate marketing landing page, it will work well if it is short.
On the landing page of your affiliate marketing, you can add amazon affiliate links. You may lose some sales due to the typing of the URL so a shorter URL will make the experience better. You need to have the right affiliate links for your video viewers, for instance, if you are making a 20-second lipsync video of any singer’s song. It will not inspire anybody to visit your page and order any sports equipment from Amazon but it can inspire them to buy that particular singer’s album right?
Related Read: How to See Who Watched Your Tiktok
FAQs (Frequently Asked Questions)
How to make money on Tiktok Live?
The main purpose of creating this platform is to share videos and spend time, there is no idea of users to earn money from it.
Here are two ways to earn money on Tiktok live:
1: Sell products
You can interact with your viewers in real-time and earn money from selling products while live streaming on Tiktok. Advertise the product and ask them to visit your bio to get a link to reach there.
2: Brand Promotion
It is another way of earn money on tiktok live, if you have thousands of followers, you can promote brands and get money from the brands.
3: Collect Donations
It is the simplest way to earn money on tiktok live, you go live and collect donations from your followers. The users can receive coins from their fans.
How does Tiktok Earn Money?
Tiktok monetizes this platform using ads and sponsored marketing with the help of partnerships to earn money. However, you cannot earn like Tiktok because the users do not have any monetization facility yet. You can earn money if you get any sponsorship opportunities from brands.
Can you Earn Money from Tiktok?
Yes, if you are an influencer on Tiktok, you can earn more than $40,000 per promotion because the giant influencers are doing this with their outstanding and engaging content. The influencer can charge the brands per view or set an amount as per the followers.
However, there is not direct way to make money from Tiktok because the app does not pay any incentives to its users even if they are creating and promoting valuable content.
Can I Monetize my Tiktok Videos?
No, you cannot monetize your TikTok videos because the platform does not offer a monetization option for the creators yet. However, we have mentioned a number of ways to earn money on Tiktok in this post.
How Much Do Tiktok Content Creators Earn?
If you have more or less 10 million followers, you can earn $10,000 to $20,000 by promoting brands in the forms of ads.
That’s it, guys. I hope that you have liked this post on how to make money on TikTok. Do you have any suggestions for earning money on TikTok? If yes, leave them in the comment section and we shall update the post.
Arsalan Rauf is an entrepreneur, freelancer, creative writer, and also a fountainhead of Green Hat Expert. Additionally, he is also an eminent researcher of Blogging, SEO, Internet Marketing, Social Media, premium accounts tips and tricks, etc.