With the increase in trend of memes and videos coming from TikTok, users are puzzled with questions on how to monetize their contents on the platform and that’s why in this article we’d show you proven ways to make money on TikTok in 2022.
Just like Facebook, Instagram, Twitter and other trending social media platforms, TikTok also has ways of paying its users, i.e its own means of paying content creators through which alot of users and influencers make some ample cash.
In 2021, TikTok hit over a billion active users every month for the first ever, capitalizing on its early popularity as individuals gravitated toward its light, short-form content.
This surge famously means TikTok is ripe with revenue chances, important considering around 37% of TikTok active users in the US gained almost $100,000 or above every year.
From the #TikTokMadeMeBuyIt trend to devoted subcultures like #BookTok, brands are looking for creative and original ways to position and sell the items straight to TikTok users. You can also help make short videos that talk directly to your audience’s interests.
But where do you start from? In this post, we’ll tell you all the necessary information that you need to follow in other for you to start making money on TikTok.
1. Run TikTok Ads
Almost 43% of TikTok users are between 18 to 24 years old. It makes TikTok a powerful advertising platform to market its items to Gen Z.
TikTok com with straightforward, robust softwares to support your advertising to billions of its users. Ads formats depend on the region, but all allow you to personalize your targeting by age, location, interest, and other factors.
The most famous kinds of TikTok ads include:
- Infeed Video
- Brand Takeover
- Hashtag Challenges
There are many more kinds of TikTok ads you can choose from; remember that many are only available to particular types of users.
2. Tips and Donations
TikTok has just shown a tipping feature that will let you choose creators to earn money from tips and donations. Followers can use this feature to show love to the creators they like.
Video gifts allow viewers to send creators virtual gifts and coins as well. Many creators can get gifts during a live video and can be redeemed for Diamonds – TikTok’s digital money. Creators can use tipping websites like Tipeee, Ko-fi, and Buy Me a Coffe.
That can only happen when you have enough Diamonds and can exchange them for real money.
3. Through Affiliate Marketing
From affiliate marketing programs, creators and other ventures can promote and sell any industry product and service for a commission.
Try to promote the brand you like and believe in, and share your affiliate links or codes to track purchases influenced by your account.
4. Build and Sell your TikTok Accounts
Initially, building your TikTok profile could take months. Although, you can buy an already developed account to boost followers immediately.
To successfully start making money selling TikTok accounts, creators should focus on niche topics that the buyer can sustain. It will simplify for the buyer to continue posting similar content and take care of follower engagement.
Many industries usually buy an already growing account to develop their daily sales. A profile with many followers but low engagement may not give the returns you want.
Brands can buy an account with organic followers from websites like 123accs, Accfarm, and Fameswap.
5. Posting of Sponsored Posts
For small activations, brands can sponsor posts that live straightforward on the creator’s account. It is similar to creator collaborations, and these campaigns let brands pay content creators to advertise their service in an organic post.
Sponsor a post or create a series. If it trends immediately, you can boost the position to expand its reach further.
6. Creating of Patreon Profile
A Patreon profile allows creators to gain money from followers through memberships that let exclusive permission to the content. Use TikTok to advertise membership registration.
Try to reward your subscribers in other for you to keep your subscription cost low. For instant, you are giving away merchandise or exclusive content access to your faithful followers.
Please include the link to your Patreon page in your videos or your bio to make it simple for followers to subscribe whenever they are ready.
7. Sell your products and merchandise.
This tried-and-true technique applies to TikTok as well. Turn organic artwork, quotes, or your brand’s logo into merch and advertise it on TikTok. Feature your existing items in learning or showcase your product information, or link alongside a trend.
Try to ask your audience if you are not sure of what to sell. Create polls or ask them directly to study what they want.
If you have a TikTok Business profile, you can connect websites like Shopify, BigCommerce, Square Online, and Ecwid marketplace to your account.
8. You Can Register For A TikTok Shop
TikTok partnered with Shopify to open the TikTok Shopping feature. Companies and creators can become official TikTok merchants and sell straightforward in the app.
You can showcase products on in-feed videos, lives, and items showcase tabs. Suppose you are eligible for this great feature. In that case, you can register to become a seller in the TikTok Seller Center,
where you can navigate to inventory, orders, creator partnerships, promotions, and many more anytime you want. Although, the seller center is not allowed in many regions or countries.
9. TikTok Creator Fund
Many users with a creator account can monetize their performance through the TikTok Creator Fund. Creators want to hit many prerequisites to apply for the program and start making money from the website. Creator Fund members profit based on the numerous engagements they get on their content.
Frequently Asked Questions
1. How many followers do I need on TikTok to make money?
For many of the features mentioned in the monetization techniques above, you must hit at least 10k followers on TikTok. For instance, the Creator Fund requires almost 10 thousand followers to join.
However, you need about 1,000 followers to get Virtual gifts on TikTok Live. But to get tips and assistance from another type of video, you must have almost 100,000 followers.
2. How many viewers do you need to make money on TikTok?
To join Creator Fund, you need to have at least a minimum of 100,000 viewers on your videos within 30 days. Otherwise, you don’t need to have a particular number of viewers sharing links to your products in videos or in your bio.
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