How to Make Money on TikTok?
April 8, 2021 Business
This article will break down how individuals are earning money on TikTok and how much the common user could earn when they dedicate themselves to the social media influencer lifestyle.
Can You Make Money on TikTok?
Can you get paid on TikTok? This is the question asked by many new users interested in learning to earn money on the TikTok app noted for its short, looping videos. In a nutshell, the answer is yes. But earning cash with TikTok on Android/iOS, similar to online influencer careers, can be a lot more technical than punching a normal nine-to-five job.
Not all TikTok users make money on the platform, but some, by having an entrepreneurial mindset and lots of commitment, most surely do.
How Do You Make Money on TikTok?
There are many strategies and procedures for earning money on TikTok. Here would be the proven methods that have worked for many.
Get TikTok Coin Donations During Live Streams
Once your account reaches a particular number of followers, the capability to broadcast live streams on Tiktok is unlocked. Incorporated with the streaming feature may be the digital gifts feature. This enables your viewers to pay TikTok coins on virtual gifts to send you, which are converted back into TikTok coins on your end, which then you’re able to cash out into real-world money.
Does TikTok pay you directly? For the money earned from virtual gifts received during TikTok streams, yes. However, all the following strategies incorporate business models that work with TikTok but aren’t an integral part of it.
Third-Party Donations on TikTok
Whether you’re streaming on TikTok or just posting a brief looping video, you’re free to market third-party donation or subscription options such as Patreon, PayPal, Venmo, or even Bitcoin and other cryptocurrencies to your viewers. Such tools may be mentioned verbally in videos though many prefer to include the web link to their TikTok profile page or the writing description.
Sponsored Content on TikTok
Similar to Instagram, YouTube, and Twitch, many influencers on TikTok make money by promoting a company’s service or product on the channel. Such sponsorships can be a one-off reference to a product or a complete series of videos covering an area or event.
Individuals with a few thousand followers may receive a hundred or so dollars for promoting a product. In comparison, TikTok users with several hundred thousand followers or even over a million could easily get much more.
Sell Your Products and Services
Many online services may help beginner influencers design, create, and sell their particular branded clothing and products via TikTok, such as StreamElements and TeeSpring. More established TikTok users with larger, more established followings can go the extra mile and use TikTok as a platform to launch their particular proper fashion line, makeup brand, what have you. Charli is one particular TikTok user who moved this route, selling her very own Charlie-branded fashion line.
Resell Your TikTok Account
Pleased with the audience you’ve built through to TikTok and feeling ready to retire? Why don’t you sell your account to another user or a company for a few quick bucks? That’s what many TikTok users are doing via sites, where they can get hundreds or even a large number of dollars for their account regarding the number of followers, their audience’s engagement, and the kind of brand they’ve established.