Making money on social media apps has become easier over the years. If you have a substantial amount of followers on TikTok and want to be monetized, I have compiled a list of common ways users can make money on TikTok.
There is no fast and easy way to make huge amounts of money. Anyone who tells you there is is likely out to fleece you. You have to be willing and ready to put in the work. With that in mind, let’s dive into the meat of this article.
1. Make Money On TikTok With The TikTok Creator Fund
The TikTok Creator Fund is a way that users who have more than 10,000 followers can make money on the app. Sadly, if you are not based in the US, UK, France, Germany, Spain or Italy, then you cannot join the TikTok Creator Fund. If you are based in one of the countries above then you’re in luck. To join the TikTok creator fund, you will need to meet the following criteria:
*You must be 18 years and above.
*You must have a minimum of 10,000 followers.
*Your TikTok videos must adhere to the TikTok community guidelines and terms.
*Your videos must have at least 100,000 views in the last 30 days.
You do earn money from joining the creative fund, but honestly, it is not a lot. For instance, Anika, a TikTok creator with over six million views and a million likes, was only able to gather about $200 in five months or so.
2. Make Money On TikTok Via Brand Endorsements
Brands reach out to users or influencers on TikTok to help market their products. You are paid a negotiated amount any time someone uses your given link or discount code. Influencers usually post videos talking about the brand’s product and trying them out. This usually attracts a lot of possible customers and influencers get paid for posting sponsored content.This is one of the top ways used by most TikTokers today. Brands like Casetify, Infinix, Guinness e t.c or small businesses on Instagram, sponsor videos of content creators. On TikTok’s creator marketplace, you can find and communicate with different brands.
3. Make Money On TikTok With TikTok Ads
If you own a business and have a business account оn TikTok, using the TikTok ads manager is a good way to expand your content reach.TikTok ads appear in the ‘For you’ page of users. You can create your own Feed ads with the TikTok ads manager. This is to make sure that your videos are reaching potential customers who are interested in products like yours.
4. Make Money On TikTok With Affiliate Links
Placing Links in your TikTok Bio or on your video description will help you earn some money. You will earn a certain amount of money anytime the link is clicked and a customer purchases the product linked. For this you do not need to get sponsored by brands. You could go to sites that have affiliate marketing like Amazon or Shopify and copy the affiliate link.
5. Make Money On TikTok Through Virtual gifts and donations
TikTok creators can be given virtual gifts or coins by their followers. These gifts can be converted into real money. TikTok also takes their share from each gift. Donations can also be collected from fans using crowdfunding platforms. This doesn’t involve making money on the TikTok app directly but it can be promoted on TikTok.
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Dun enjoys reading and writing, and is always on her smartphone. She currently uses a Google Pixel 3.