How to make money on TikTok is the easiest way of making money online in the world.
Though the application is one of the most popular applications, especially among teenagers in the world, it has a bad reputation in some societies. However, it is an easy way for content creators to show their content.
The content creators in this app often make millions of dollars a month due to their innovative content. Additionally, TikTok is also a good platform for showcasing talents of all kinds.
In this article, we will discuss a set of various ways that will help you make money online from TikTok.
How to make money on TikTok? Here are 6 ways
Now let’s start talking about the 6 most important ways to make money on TikTok
1- Make money on TikTok by growing and selling accounts
The most important thing that distinguishes modern applications such as TikTok, is that they grow easier than old applications like Facebook, Twitter, and others.
For example, Facebook put restrictions on accounts that don’t pay for promotions. while TikTok can achieve a large number of followers in 1 day.
One of the most popular ways to make money by using the TikTok app is by offering entertainment content that people are looking for, for example, videos that provide recipes.
Besides, a TikTok account becomes salable for large amounts of money with an increase in views on videos and the number of followers. Especially by restaurant brands or food companies in general.
✔️ Who will buy your Tik Tok accounts?
You can contact the possible companies or brands who may be interested in buying your account and make a deal with them.
You can also sell your account safely on Fameswap, which is one of the sites that specialize in buying and selling accounts on TikTok, and channels on YouTube.
Moreover, you can take a look at the average prices displayed for accounts via the site and determine a good price for yours.
✔️ How much money can you make from selling Tik Tok accounts?
Digitally, it’s impossible to know the exact number the sold account is expected to earn, but according to account selling sites, including Fameswap, you can expect to earn about 100$ for every 10,000 followers
Now, why not create an account on TikTok and specialize in providing certain content? After you get popular and get a good number of followers, you can sell the account, and start the process over.
This is an easy and useful way to earn from TikTok.
2. Make money on TikTok by working as an influencer
Everyone knows that influencers are making huge profits from their accounts on various social media sites. As long as you have the tools that make you a successful influencer, what are you waiting for?
✔️ Choose a niche for your content:
Choose what audience you want to target and the type of clips you want to release. There are many options like educational clips, political clips, entertainment clips, etc…
If you have a talent like singing, dancing, drawing, etc… You can record yourself in a video practicing this talent and publish it consistently on your TikTok account.
You can mix a variety of different types of videos from serious to fun, artistic, and educational. However, notice that specializing can help you target a specific segment of the audience.
How to be special on TikTok?
It is also good that your clips are unique because the competition is fierce for this particular application. There are millions of content creators in all fields, so you need something that makes you unique.
You may be wearing special clothes, having a special hair color, using certain words a lot in your speech, or having something different in your background.
You should always look for something new.
✔️ How much do the influencers make from TikTok?
TikTok influencers earn millions of dollars annually and these earnings are expected to increase in the future.
Addison Rae Easterling as an example earned just $5 million in 2019.
Of course, this is not the average price among all TikTok influencers, but even some of the small influencers make good money.
There are no exact estimates of the earnings you can expect when you become an influencer. But experts point out that accounts with more than 10,000 followers can start making profits.
✔️ How to become a brand on TikTok?
For a TikTok user to become an influencer he/she should create a successful brand. A brand is not just a product or service, it can be a person too, you for example.
The type of content you provide and the way you present it, the way you talk, the way you discuss topics, all combine to create your brand. But the most important is to come up with a way to connect with your followers, all this leads you to become a successful influencer. There are endless examples of successful influencers who only have a huge number of followers for their person.
✔️ Two steps to make money on TikTok as an influencer
There are two steps you need to accomplish before you start earning from TikTok as an influencer
a) Gather followers
It is worth noting that this year, the TikTok platform allocated more than 200 million dollars to influencers on the application, and this number is expected to rise to billions of dollars in the coming years.
So what you should see here is an opportunity. You have to publish a lot of content on TikTok to be popular. Choose clips that contain good value and can be helpful if you pay for them to get followers which is cheap, a few dollars can bring you a huge number of followers.
Moreover, this money will come back to you in the future if you follow the tips to create great content.
b) Cooperating with companies
You have to cooperate with companies and brands and suggest advertising their products or services.
This is known as influencer marketing. Here, companies use influencers to increase their sales. Some of the famous influencers on TikTok are earning millions from influencer marketing.
It’s good to know that advertisers are not only trying to promote their products among the celebrities or the most popular people on the app, but also among the audiences who care about the product, and may apply to you!
So make sure to build good and honest relationships with your followers and gain their trust, and then they will try your recommendations for products and services. At this point, you will have more chances of making money as an influencer than any other influencer who has millions of followers who don’t care about his recommendations.
3- Make money on TikTok by mediating between influencers and advertisers
One of the innovative ways to make money on TikTok is by being a broker. There are a large number of influencers of different fields and specializations on TikTok.
There are also a very large number of companies looking for these influencers to promote their products and services.
Many companies had severe financial crises due to the epidemic, especially in 2020, which led them to close a large number of their branches.
So, the best solution left for them to increase their sales is by finding influencers to promote their products.
✔️ Influencing Marketing case study
Let’s see Levis, which is a European company that sells clothes. During the previous years, it collaborated with a large number of celebrities and influencers to promote its products. After all the losses it faced, this collaboration led to a significant increase in the percentage of sales.
Therefore, one of the most innovative ways to make money on TikTok is to create an agency to make deals between influencers and companies.
✔️ Your role as a broker on TikTok
Acting as a broker between the two parties will help you get a good commission. It will be your job to communicate with the parties, make agreements, and reach a deal that satisfies everyone.
It is essential to have a good database of influencers and companies that you want to collaborate with, and all of this can be collected from The marketplace feature.
Furthermore, to make good profits through this work on the application, it is required that you know all the basics of marketing.
If not, take training courses, educate yourself well in this field, and get started.
✅ See also: How do You Get 1000 Instagram followers for Free
4- Profit from TikTok through live broadcast gifts
This is another innovative method to make money on TikTok that you will not find in other popular applications. It is to make money by direct broadcasting.
When creating an account via TikTok, the user can buy virtual coins with money, and the price of these coins reaches approximately $ and a half per 100 coins, for example.
You can gift these coins to your favorite influencers or creators as a way to encourage them to make more fun clips or a practical way to thank them for that content.
Now, let’s say that you have created a successful account, and your fan base has expanded significantly and quickly. You may also benefit from this feature since you will be the one who will get these gifts from followers.
These gifts are redeemed by converting them from coins to diamonds, then into money, and transferring them to your PayPal account.
✔️ Tips to get coins from followers:
Here is some important information that you need to know to benefit from this method:
1. You will not be able to receive gifts if less than 1000 people follow this broadcast, so you must have a good number of followers.
2. Followers can only buy these gifts if they are over 18 years old, so to receive these gifts you need to provide content that draws people over 18 years old attention.
3. When followers purchase coins they cannot redeem them.
4. The exchange rate affects the money you get, which means that you will also find that the number of currencies varies with the exchange rate day by day. Therefore, you can wait for the dollar price to rise in the markets to make the best use of your money.
5. Make sure to launch a new live broadcast so that you can collect gifts worthily and profit from this method.
6. Look for a good topic that can drag your followers’ attention and encourage them to discuss it with you.
5. Profit from TikTok by using TikTok for Business
One of the effective ways to make money from TikTok is to use the TikTok for Business marketing tool.
It is one of the marketing tools that give you important data about the market and provides you with all means to study it before starting the sales process.
✔️ TikTok and Shopify partnership
Things also became much better after the partnership was established between the Shopify application and the TikTok application.
This platform made it easier for more than a million merchants to display their products on TikTok.
Shopify is a huge online store that includes more than a million merchants ranging from beginners to professionals. When you add products to your store, you can instantly promote them on TikTok and other platforms.
This platform has templates and pages which are ready to showcase your products. This feature allows you to sell all kinds of products like clothes, perfumes, accessories, cosmetics, and more.
Additionally, the TikTok platform has announced the possibility of lending some merchants some money, up to 300 dollars, to encourage them to subscribe to this feature.
✅ See also: How to Make Money on LinkedIn: Make up to 15000$ per year on LinkedIn
6. Make money on TikTok by working with a consultation
This method is suitable for people who have experience with TikTok. It may be also good for those who are interested in social media platforms and those in the field of marketing in general.
✔️ What is the role of consultants?
Consultants are people who have extensive experience and knowledge, and they present their knowledge to others in a distinctive way. These consultants who can be called experts get paid by many companies to help them spread and gain followers, market better, and solve problems facing their accounts on the application.
If you have experience in marketing on TikTok, you can immediately start creating an account and showcasing your skills and experience.
Important questions about making money on TikTok
Before we end this article, we need to answer two very important questions about making money on TikTok
Can you earn money on TikTok?
On TikTok the amount of money you can make is unlimited, but it varies. For example, some of the world’s best-known creators earn millions of pounds through the platform each year.
How much profit from TikTok?
There is no specific answer to this question. This depends on the methods you are applying, your efforts, your time spent, your knowledge, the number of followers you have, etc…
Although most influencers are secretive about the numbers they get from the app, it is still possible to have an idea about the price range if we collect some information from experts.
An economist Tom Hartman approximated that a content creator who has about 100,000 followers earns between $500 and $2,000 for his ads. As a result, the most popular content creators on the app are expected to earn between $50,000 and $150,000 per year.
What are the key factors to determine how much money you can make on TikTok?
Here are a set of points on which the amount of TikTok profit is determined:
- The area your account is specialized in
In general, commercial fields will have a better return than entertainment fields.
- The geographical range of your followers
Of course, accounts with American and European followers will make a better profit than those with Asian and African followers.
- Number of Followers, obviously the more followers you have, the better chance you have of earning.
- Determining your method of profit from TikTok
Each method is different from the other, and here you will make the best profit when you choose the method that best suits you, which is your audience and your account area. You can also double your profits if you use more than one method.
✅ See also: How to Grow Your Pinterest with Pinpinterest?
Can I make a profit from TikTok in a short time?
The answer is yes because the most important thing that distinguishes the TikTok application from the rest of the social networking applications is that it is easy to use and grows. Moreover, it costs almost nothing to create your content.
It is also a relatively new application, as we have mentioned, and it allows the spread of all kinds of content. So good content shines.