7 Ways to Make Money on TikTok

Are you aggressively increasing your screen time every day, watching videos on TikTok, and sitting idle? Do you love grooving to the latest beats and creating TikTok videos every day? What if we say that you can make money with Tiktok? Yes, you heard it right. Tons of popular TikTok users earn more than a million every month from their TikTok videos, such as Addison Rae Esterling and Loren Grey.

Being the 7th largest social media platform worldwide, most people have already figured out the trick to make money with TikTok. If you are still wasting time just scrolling videos on TikTok, you are indeed losing out on millions and billions. So, what are you waiting for? Read till the end for an in-depth insight about different strategies that can help you stand out on TikTok and earn millions from it. Let’s get started.

What is TikTok?

Previously, Musical.ly took the internet by storm. With over 100 million users until August 2018, this app offered a plethora of music and dialogue features to create fun and entertaining videos. However, in 2018, a Chinese company, ByteDance took over the app, and all of its users were moved to TikTok. 

Tiktok is a short-form video-sharing application wherein you can dance to the latest beats or even lip-sync to your favorite dialogues and entertain the audience. There are over millions of active users by now and have global recognition across various age groups.

Ideas To Make Money On TikTok 

There is a myriad of different ways you can make money on TikTok. However, the base rule is to post fun and engaging content consistently. We have listed down seven top-rated and basic methods of earning money from TikTok for your reference. Let’s check them out.

Grow TikTok Accounts and Sell them

The first and the most common way of earning from TikTok is growing accounts and selling them. This is quite popular in different eCommerce platforms. Here you need to identify the niche and work towards growing your TikTok follower count to a decent number. Also, the account must have a good engagement rate to sell it at a good price.

There are countless brands in different industries that typically buy such popular TikTok accounts at a massive price. These brands can make much larger profits with these accounts. Thus, it is quite easy to sell a popular TikTok account and earn money. Just reach out to any relevant brand within your niche and sell them your account.

Making Donations

Another common method of making money on TikTok is going live and collecting donations from viewers. With an established popular TikTok account, you can go live, and your viewers get an option of sending coins as a way of appreciation or thanking you for your efforts in creating content and entertaining them.

The viewers can send you a hundred coins at just $1.39. Yes. It is that low. Next, turn these coins into diamonds. Then, convert them into cash and withdraw through PayPal. However, you need to ensure that you have an amazing follower count and have people loving your content already, which is why they will donate you the money in the first place.

Manage Influencer Campaigns

The third way to earn money on TikTok is to manage influencer campaigns. If you have a sound knowledge of public relations and managing influencers, you can manage TikTok influencer campaigns and earn money from them.

The role of an influencer manager will include finding the right influencers, creating agreements for both the parties, ensuring that the deliverables are of the right quality, and more. As an influencer manager, your role acts as a mediator between the brand and the influencer that ensures the entire process is done correctly.

Tiktok Ads Platform

The TikTok ads platform works very similar to Facebook and Instagram ads. Here you need to sign up on the Tiktok Ads platform and follow their guidelines. The entire process is similar to running paid traffic on any other social media platform. You create different target ads, set a budget and timing of ads, and let users view your ads while promoting your products.

If you already have a business and are looking for a different approach to your social media marketing, the TikTok ads platform can bring an increase to your sales quota this year.

Growth Management Services

Many TikTok users have an incredible follower count but are not able to manage it adequately. In such cases, you can step in with your TikTok expertise to help these users in managing their accounts better. The ways you can help them is to: 

1. Create and Plan Content Strategy
2. Strategize Creatives and Video Content
3. Find and Identify Brand Deals
4. Collaborate with other Influencers
5. Organically Grow the Account
6. Other ways to grow TikTok accounts

In this process, your expertise in marketing and TikTok management will be paid as you bring expected results to your clients.

TikTok Consulting Service

Since TikTok is a relatively new platform, many creators are willing to pay for consulting services. As more and more businesses step into TikTok to advertise their business and gain more sales, your TikTok knowledge and experience can be fruitful in bringing their marketing efforts to fruition.

When you understand how to grow a Tiktok follower count from 0 to 100,000 or even more, you can become a TikTok consultant. Most people may ask you for your experience before recruiting you as their consultant. Thus, you may need a solid portfolio of TikTok accounts that you have helped to grow, which can prove your experience in this role and gain more high-paying clients.

Create your Own Brand

Last but not least, the ultimate way you can make money on TikTok is to create your brand. To do this, you only need to start your TikTok account and establish its authority according to your niche. When your videos go viral and have an incredible follower count, you can establish your brand. In addition, once you have a great audience base, you can create a new brand and promote your products.

On other hand, you can be a paid influencer and promote products and services on your account by making sponsored content posts or even releasing your branded merchandise. However, do not forget that you need to have a significant follower count on TikTok before creating your brand.

Conclusion

Tiktok is an increasingly popular platform wherein creators are making mad money. If you want to try out your luck here, too, remember the ground rules: Be authentic, Be transparent, Be consistent, and Don’t give up.

The more engaging and relatable content you create on TikTok, the more are your chances of making money on this platform. Thus, choose any one or multiple options from the list mentioned above, and you are all set to earn your first million on Tiktok!