5 Tips for Making Money on TikTok
TikTok is a social media app that lets you create short videos. TikTok was created to be an alternative to other social media apps like Facebook, Instagram, and Snapchat. TikTok has grown in popularity since it's release in 2017 with 300 million active monthly users! TikTok also recently launched its own credit card which they are hoping will make TikTok an even more popular choice for people looking for ways to make money online. Below are 5 tips on how you can start making money on TikTok today!
How much money can you make on TikTok?
Being a huge social platform, TikTok offers a wide range of opportunities to make money. TikTok creators can be paid for ads, sponsored posts, and shout-outs! Influencers also have the opportunity to partner with brands through TikTok's app called 'Tiktok for Good' where they can work together on charitable projects. TikTok even offers its own in-app currency which you can use to buy TikTok gift cards from stores like Amazon, Uber Eats and Starbucks.
As a TikTok user, you have an opportunity to make money on TikTok in so many different ways! Whether it's by being paid for ads or sponsored posts or working with brands on charitable projects - Tiktok really is the place where everyone wins!
But how much money can you really make on TikTok? Tiktok has a $100,000 TikTok Talent Search happening right now where they are awarding over $200,000 in cash and prizes. Many TikTok stars have also been known to make over a million dollars.
So there you go - TikTok is the place for money-making opportunities! Don't wait any longer and start making money on TikTok today!
Growing your TikTok account and selling it for cash
Making money on TikTok can be as easy or difficult as you make it, but there are definitely some TikTokers out there making a lot of money. Tiktok is the place to go if you want to start creating your own income online! Growing a TikTok account and selling it for cash is a great way to start making money on TikTok. But how do you grow your TikTok account and sell it for cash?
Growing your Tiktok account
So let's say you've decided that growing an influencer accounts sounds fun, but where should you start? Well the first step of course would be creating an account! TikTok is available in over 200 countries so you're already off to a good start. Creating an account can be easy, but creating one that will grow and make money takes some work.
First of all TikTok wants your videos to engage with people who are interested in watching them which means staying away from generic titles like 'How I spend my summer' or 'What I did today'. TikTok wants their videos to be interesting, so get creative with your video titles.
A great way of growing an influencer account on Tiktok is by making it personal! TikTok loves content that comes from a genuine place and gives people an inside look into the life of someone they admire. TikTok users who share their own personal content tend to grow quickly and make money with ease!
The more you post the better, but don't go overboard and upload too many videos in one day or no-one will be able to watch them all through. Aim for around two posts a day which still seems like a lot but is achievable. TikTok users who post more than this tend to attract less followers and make less money, so ease into it!
Once you've started uploading some videos that people want to watch and engaging with them while doing the same - Tiktok wants their influencers to grow fast which means they're going to promote your videos for free! TikTok is generous enough to give you free TikTok ads which will boost your account's views and following.
The only catch is that Tiktok gives TikTok influencers more promotion than accounts with less followers, so the bigger your TikTok follower count gets the better chance of having a closer relationship with them!
Selling Tiktok accounts
Once you've grown a strong TikToker following and have developed an audience that enjoys watching your content, selling your TikTok account for cash should be pretty painless. There are two ways of selling TikTok accounts - selling them for money directly or selling TikTokers to brands.
Selling Tiktok accounts directly
There are sites out there where you can list your account and wait for someone who wants to buy it to approach you, like the previously mentioned Tiktoshowcase . But if this doesn't sound appealing there are also TikTok agencies that will help you sell your Tiktok account for money.
The first agency we mention is TikTokerz . This TikTok talent scout helps influencers grow their accounts and then offers to represent them - pairing sellers with buyers who are interested in buying an account! The only downside of this process is the fees they take for their services - TikTokerz takes a 15% cut of all transactions.
The second Influencer agency is TikTokHive. They are less popular than TikTokerz but still offer some great opportunities for selling your TikTok account, they charge 20% fees on each transaction which makes it more expensive to sell with them though!
Selling TikTokers to brands
The other way of selling your TikTok account is by selling TikTokers directly to companies. This method isn't always reliable since it's hard for content creators to prove their TikTok following is real and TikTok doesn't help you with this process at all. TikTokers who have highly engaged audiences find it much easier to sell their accounts, but if your TikToker isn't as popular then try partnering up with a brand that's interested in using Tiktok as an influencer marketing platform.
This method of TikTok selling requires TikTokers to have a large Tik Tok following that is active, engaged and real. TikTokers who are able to prove this will find it much easier than influencers with smaller accounts.
Selling Tiktokers directly means negotiating over email or direct messaging so you'll need an agent for help if you're not confident with this process. TikTokHive is a great place to look for a TikTok consultant who can help you sell your Tiktok profile, they offer buyers and influencers too so it's the perfect platform if you're looking for both ends of the deal!
TikTok users that are interested in selling their TikTok profile should start growing their TikTok following now, TikTok's monetization methods are still new and most content creators haven't even started to make money on TikTok. So if you want to make the most out of your TikTok account it is best to start your content strategy to get more followers sooner rather than later!
Donations from TikTok users
TikTok users are generous and TikTok itself is very supportive of their influencers, they give TikTok influencers free TikTok ads which will boost your account's views. Once you've grown a strong Tiktok following Tiktok rewards people who have large followings by promoting some of the videos for free! This means that TikTok users can donate money to TikTokers during live streaming events and the Tiktok influencer will earn that money.
Donations from TikTok users is one of TikTok's best ways for Tiktok influencers to make real money, it doesn't matter if you're a superstar or just starting out - all TikTok influencers are eligible to receive TikTok donations!
The best way for Tik Tok influencers to earn money from TikTok Donations is by live-streaming their Tiktok videos. During live videos TikTokers can ask viewers to donate money using the in-app payment system, which means it's easy and smooth process. As soon as your TikTok video is finished TikTok will send the money to your account so you can spend it on anything you've been saving up for!
Donation TikTokers should make themselves visible by using a 'donations' hashtag in their bio and ensure that they have created an audience from Tiktok users who are interested in donating. Tik Tok influencers should also remember to thank their Tik Tok viewers for donations in the comments of TikTok videos, which will encourage more users to donate money!
Tiktok influencers need a large TikTok following before they can start earning more money through TikTok Donations. The best way TikTok influencers can grow their Tik Tok follower base is by creating TikTok videos that TikTokers want to watch and give free stuff to their loyal followers!
Influencer marketing, partner with a brand you love
Even TikTok users with smaller Tik Tok followings can earn money through TikTok influencer's marketing, partnering up with a brand that you trust is the best way for TikTokers to do this.
The first step towards earning money with influencer campaigns is by creating content that focuses on your follower's interests! When brands notice an increase in TikTok influencer's Tik Tok videos they'll come to them looking for a partnership.
The best way TikTokers can partner up with brands is by creating original TikTok content that matches the brand's needs and requirements, this means you should create your own version of their advertisement! There are plenty of examples online if you're struggling to think of TikTok videos that match certain brands, just remember to stay on-brand with your TikTok influencer marketing!
Tiktok influencers should always create original Tik Tok content for each Tik Tok campaign they partner up with. This means you need to find creative ways to make TikTok videos that match the needs of each brand you partner up with! Tik Tok influencers should also remember to include their TikTok username in all advertisements so they can grow their TikTok following at a faster rate.
As soon as your Tiktok video is finished it will be sent directly to the brands inbox, this means TikTokers can make TikTok videos as many times as they like without having to wait for payment! Tik Tok influencers should remember that TikTokers will quickly lose interest if their TikTok videos are all about different brands.
Sell your own products
TikTok creators can also earn money through Tik Tok by selling merchandise or services, this is a great way for Tiktok users to make money if they're trying to save up for anything. There are many different ways TikTok influencers can sell products and services!
TikTokers can create TikTok videos, sell their products through Tik Tok groups or use Tik Tok influencer marketing.
The best way TikTok users can make money selling physical products is to do it in-app! TikTok offers a 'virtual store' where TikToker's can upload photos of the product they want to sell and then TikTokers can buy TikTok videos within minutes. TikTok influencers need to remember that TikTok users should always get a good deal when they're buying Tik Tok products, this means selling at lower than market price and offering free shipping!
Promoting your own physical products is easier if you use Tik Tok groups because members of the group will be more inclined to buy your products if other TikTokers are already doing so.
As soon as TikTok creators have started selling their products on TikTok they should remember to include the price of each product in all TikTok videos! This is important because it will help increase sales and reduce cart abandonment rates for future purchases.
TikTok influencers should also remember to offer TikTok users a discount code when they're selling TikTok products.
Apply to TikTok’s Creator Fund
Another way TikTok influencers can make money is by applying to TikTok's Creators fund. The application process for TikTok creator fund is simple and only takes about five minutes!
TikTok creators who apply with their own TikTok accounts will automatically be assessed for their TikTok influencer marketing potential. If Tik Tok users are successful they'll get a TikTok loan that will help them grow their TikTok following! This is the only way for TikTokers to receive money from TikTok's Creator Fund without having to partner up with brands or sell physical products.
TikTok's Creator Fund can also be used to finance TikTok videos, TikTokers just need to add a few details about their post content and they should receive money from TikTok within 24 hours.
TikTok users should remember TikTok's Creator Fund can only be used for making videos and TikTokers won't receive their money until the following month.
If Tik Tok influencers want to grow their TikTok following quickly they should apply with a strong concept that shows how creative they are and the exclusive content they could create! It’s important for any potential TikTok influencers to include links in TikTok videos so they can promote their Tik Tok group or business.
Tik Tok users who are applying with a Tik Tok group should remember that TikTok's Creator Fund will only finance up to 50% of the total costs for each video, this means TikTok influencers need to find additional ways!
Taking your TikTok account to the next level.
We’ve given you some tips for how to make money on TikTok, but there are many other ways. Social Growthengine can help your company grow by providing social media marketing services that will increase the number of followers and likes you get on all platforms. Contact us today if you want more information about our services or just need assistance with any aspect of digital marketing strategy. Check out www.socialgrowthengine.com for an overview of what we do!