How to Make Money on TikTok
How to Make Money on TikTok. It can be your spirit of entrepreneurship. Perhaps you’ve heard of Addison Rae, a 21-year-old driver of a Tesla Model X. Perhaps you thought, “Hey, might as well monetize this,” In this article, we will show you how to make money on TikTok.
With over 1 billion active users as of January 2022, TikTok is the sixth most popular social media site globally. It’s a large market.
Can You Make Money on TikTok?
Yes, to answer briefly and we shall show you how to make money on TikTok.
You must be 18 years of age or older, have over 10,000 followers, and have received at least 100,000 views in the past 30 days to earn money directly on TikTok.
The TikTok Creator Fund application is then available within the app.
But earning money on TikTok involves a little imagination, just like drawing a picture or figuring out your ex’s ex’s status in a relationship.
There are legitimate, app-funded ways to make money on the network, but there are also many additional opportunities, even if you don’t have a large following.
Many TikTok users have already achieved financial success with the app, much as social media creators are active on other platforms.
Even though TikTok may appear like a new frontier, the methods you can use to use money are probably not that novel (check out our guides to making money on Instagram and Youtube).
The methods you use to monetize your account will affect your revenue on TikTok, which you can learn more about below.
Methods on How to Make Money on TikTok
When considering how to making money on TikTok, one has to pay attention to details as we shall be discussing here.
Partner With a Brand You Trust
This is one way in considering how to make money on TikTok.
TikTok defines sponsored content as something for which you receive anything of value.
Yes, that is the aim. For instance, a company might pay you to film a TikTok video praising the wonderful scent of their soy candles, or they might give you a free skydiving vacation for your post.
(However, we do not advise to accept any free skydiving offers.)
And brands are keen to engage in such compensated collaborations.
According to research on influencer marketing, 68 percent of U.S. marketers intended to use TikTok for influencer campaigns in March 2021, up from 16 percent in December 2019.
For influencers, marketing is skyrocketing.
Partner With an Influencer
This is another great method when considering how to make money on TikTok.
This is the first tactic’s opposite.
Get in touch with an influencer whose content is consistent with your brand if you are an established company trying to expand your profile (and earn money) on TikTok.
You can use the TikTok Creator Marketplace to search for the ideal influencer if you live in the United States.
They connect influencers and brands on the marketplace website.
Any brand is welcome to join, however, influencers can only join by invitation (for now).
Search for hashtags that relate to you and your company outside of the United States and the TikTok-approved market (#dentist, #faintinggoats, #thrifting), then read through the material.
Alternately, you might simply explore the app, liking the movies you enjoy and disliking (or selecting “Not interested”) the ones you don’t.
You’ll start seeing what you want to see on the app. Such scary intelligence.
Consider each creator’s page carefully; we’ve all heard the stale tale of the sobbing influencer’s non-racism and non-apologetic. Steer clear of troublesome TikTokers. It’s 2022.
Use TikTok to Advertise Your Products
Making TikToks that showcase your products and all the features that make them special is the most obvious way to make money if you already have merchandise.
Make sure your bio contains a link to your store.
You can even design your custom merchandise, much like the proud gay icon and Italian Greyhound Tika the Iggy did.
Thomas Shapiro, the dog’s owner, offers items with the Tika logo online.
Fenty Beauty and Cocokind, two makeup companies, are dominating the merchandise market.
Get TikTok’s Creator Fund Payouts
This is the approved money-making approach for apps that we previously discussed.
Announcing a new Creator Fund on July 22, 2020, TikTok promised to donate USD 200 million to “support those who dream of leveraging their voices and creativity to create exciting professions.”
The globe and the internet ate it up, and a week later they declared that the fund will increase to $1 billion by 2023.
How do you get that lovely creator money then? Before applying, you must check out a few boxes on the application:
1. Be located in the US, UK, France, Germany, Spain, or Italy
2. Be at least 18 years of age
3. Have at least 10,000 followers
4. Have at least 100,000 video views in the last 30 days
5. Have an account that abides by TikTok Community Guidelines and terms of service
You can apply for the Creator Fund through the app—as long as you have TikTok Pro (the best things in life are not free).
READ ALSO:
- Does Meijer do Cash Back
- Cheapest Place to Get a Chip Key Made
- Costco Cake Designs 2022
- Car Vacuum Near Me
5 Tips on How to Make Money on TikTok
Here are 5 tips on how to money online that help:
1. Be Authentic
This would be the main lesson of the huge book on social networking if it had one.
And despite how difficult it may be to accept that authenticity matters in our heavily censored world, internet consumers crave authentic material.
In this 2019 study, 90% of the 1,590 respondents polled agreed that authenticity is crucial for online engagement, however, only 51% thought less than half of firms produced content that resonated as authentic.
Stay loyal to yourself whether you’re following a craze for dancing or flaunting your crocheted frogs. It’s the most reliable technique to generate loyal followers and, ideally, money.
2. Be Transparent
Authenticity and this go hand in hand.
It’s always best to err on the side of caution for posting sponsored material and disclosing when you receive free goods.
Use TikTok’s branded content option when appropriate since it adds a disclosure for you (#Ad).
3. Look to Your Favorite Creators for Guidance
If you’re unsure about where to begin, scroll.
Some of your favorite creator’s likely profit from TikTok.
Look at what they are doing, such as brand deals, T-shirt promotions, and writing out their Venmo in an alphabet soup, and try to implement those similar tactics.
4. Don’t Ditch Your Regular Content
Your fans will lose interest if every single one of your TikToks is promotional or paid content. You must maintain composure.
Cosmetics artist Bretman Rock publishes collaborations with Yves Saint Laurent beside his favorite Filipino cuisine, humorous video outtakes, and of course the makeup and fashion stuff that first attracted all of his followers.
Even well-known companies like Ben & Jerry’s upload TikToks of their office canines as they dress up for Halloween. Never make everything about the money.
5. Don’t Give Up
It’s difficult to make money on this social network. In that case, Addison Rae would be us all.
(It’s okay to make light of it; she acknowledges how many people mistakenly believe she works an actual job.
She accomplishes this with the confidence of a 21-year-old who earns $5 million a year.)
Continue trying even if one brand or influencer rejects you. Hard work pays off.
With these few steps and methods, we believe we have answered the questions on how to make money on TikTok can now go ahead, follow the steps, and cash out the TikTok platform.
Frequently Asked Questions
1. Can you Make Money on TikTok?
The short answer is: Yes. To make money on TikTok directly you must be 18 years of age or older, have more than 10,000 followers, and have at least 100,000 views over the last 30 days.
You can then apply to the TikTok Creator Fund in the app.
2. How Many Views on TikTok do You Need to Make Money?
If you want to make money directly from TikTok, you’ll need to meet a minimum follower requirement and have at least 100,000 video views in the last 30 days.
3. What Does it Take for TikTok to Pay You?
TikTok pays you starting from 1500 followers, so as your subscribers increase, they will pay you more money.
They estimated that Tik Tok pays around US$ 100 for every 10,000 followers for live shows.
But one of the easiest and most effective ways to get money from TikTok is through sponsors.
4. Does TikTok Pay Monthly?
TikTok is paying real money to creators for views on their videos via the “Creator Fund” every month.
TikTok pays between 2 to 4 cents per 1,000 views on a video.
The payout varies depending on certain factors that aren’t disclosed by TikTok publicly.
5. What Does TikTok Pay Monthly?
It’s estimated that TikTok pays around 2 to 4 cents per 1,000 views on a video.
That’s all thanks to the TikTok Creator Fund, a program where they committed $300 million to pay creators who use the platform and apply for the program.
Creators receive their funds based on a combination of factors: Number of views.
6. What Happens if You Get 1m Views on TikTok?
The bad news is that the payout is very low. You earn between 2 and 4 cents per 1,000 views, according to this source.
So that means a 1,000,000-viewed video would earn you between $20 and $40.
Imagine finally getting a viral video and having it hit 1 million views, only to earn around $40.
7. Is the TikTok Creator Fund Worth It?
Joining the TikTok creator fund can be worth it if: You’re focused on a long-term growth strategy.
Your content is consistently getting millions of views.
You don’t mind the possibility of earning next to nothing each month.
8. How Many TikTok Coins Equal a Dollar?
Each diamond is worth 5 cents. If you have 100 diamonds, you can cash in for $50.
However, TikTok also retains 50% of what you earn, so if you earned $50 worth of diamonds, you only keep $25.
You can withdraw your money only once you’ve reached $100, and you can’t withdraw more than $1,000 a day.
9. How Much Does TikTok Pay for 500k Views?
TikTok pays content creators $0.02–$0.04 per every 1,000 views.
This means you’ll get about $15 for 500,000 views and $40-$50 for 1 million views. It sounds insane.
we know especially when compared to YouTube, which pays between $2,000 and $4,000 for a million views.
If this article on how to make money on TikTok has been helpful, kindly share it with family and friends.