How to Make Money on TikTok in 2022

HOW TO MAKE MONEY ON TIKTOK: 7 BEST WAYS IN 2022

Have you ever fantasized about juggling big money on your phone all day?

This seems to be exactly what happens when you figure out how to monetize TikTok. We see it every day: There are tons of influencers making millions of dollars a year through their TikTok accounts.

It's not mysterious. Since its debut in 2016 TikTok has grown at an incredible rate — it was the first non-Facebook-owned app with 3 billion installs.

TikTok 3 billion installs

While monetizing your TikTok account isn't an easy task it's definitely achievable if you have a focused strategy and are willing to learn how it's done.

In this article we will explore 7 ways to start making money on TikTok.

Let’s do this.

Make Money on TikTok: 7 Ways to Start Today

There are plenty of opportunities to earn some cash on your favorite apps. Let's take a look at some of the top TikTok monetization strategies for 2021.

1. Become a TikTok Influencer

You know the saying "build it and they'll come". This concept also applies to TikTok.

If you build an account with a loyal and engaged following you will be able to form influential partnerships with brands around the world who want to connect with your audience.

In an influencer marketing arrangement brands will ask you to promote their products or services in your TikTok videos. The most common payment methods are money or free items from companies.

For example Charli D'Amelio is one of the biggest TikTokers and an influencer for one of P&G's biggest brands.

how to make money on TikTok as an influencer

Source

While some people think you need millions of followers like Charli to be an influencer that's not the case.

Many brands prefer to work with micro-influencers or influencers with smaller numbers of followers. The definition of a micro-influencer can vary depending on who you're talking to and the size of the market you're targeting but it's usually between 5,000 and 50,000 followers.

To be a successful influencer it is best to set up a niche or a specific theme or theme for your account and posts. This way brands will be able to clearly determine if you are a good fit for the products and services they want you to help promote.

2. Grow and Sell TikTok Accounts

Many businesses want a presence on TikTok but don't have the time or resources to create and grow an account.

Why not give them a fast track to TikTok's growth? You can do this by growing and selling TikTok accounts.

For some time now people have created social media accounts and sold them to make money. For example 23-year-old Ramy Halloun makes about $30,000 a year using this TikTok monetization strategy.

To successfully sell a TikTok account you need more than an attractive range of videos in your account.​​​ You also need a specific focus and a dedicated following.

Themed or "niche" accounts are easier to sell because buyers can continue to create the same type of content after making a purchase to maintain a following.

For example if you sell an account that includes short videos related to the unboxing of a brand you sell you can continue to post the same type of videos in the future.

Personal accounts are harder to sell because followers may be drawn to the individual rather than the content style.

When flipping a TikTok account you need to build a strong content strategy engage with followers on a regular basis and advise buyers on how to further engage with newly purchased accounts.

3. Publish Sponsored Posts

Another way to monetize your TikTok account is through sponsored content. This is when brands approach you (or you approach them) to showcase their products in your videos. In return they pay you a fee to compensate you for your services.

You can start building your portfolio by partnering with smaller brands. Contact local businesses in your area to see if they are interested in getting featured on TikTok. It might be a good idea to charge a minimum fee at the beginning and gradually increase it as you start to gain Recognition as a TikTok creator.

However if you'd rather charge a premium and have brands come to you consider joining the TikTok Creator Marketplace (TCM). For those unfamiliar with TCM TCM is a collaboration platform that allows brands to connect with TikTokers and run marketing campaigns.

However you need to have more than 100,000 followers who are at least 18 years old and have received more than 100,000 video likes in the past 28 days to apply.

So if you're a new creator it's best to focus on making creative TikTok videos that you can share with brands to get some sponsorships.

4. Sell Your Own Products

If you're from the US Canada or the UK and have a TikTok for Business account you may be able to add shopping tags and product links to your profile.

Shopping tabs are basically a new feature of TikTok in partnership with Shopify. It's designed to help TikTokers with Shopify stores promote their products through the app. Users who click on the product link will be redirected to the merchant's Shopify store to make a purchase.

Although this is not a direct way to make money on TikTok you can still make money by generating sales for your business.

Pro tip:If you don't have a lot of followers on TikTok you can endorse your products by creating unique TikTok videos. For example if you have a business that sells food you can create a 30-second recipe video and share it on TikTok. Be creative!

5. Collect Donations

TikTok has an interesting feature called coins. If you're eligible to stream you can collect these coins from your most loyal and adoring followers. Then you can finally exchange them for cash.

Here's how it works: Say your biggest fan buys coins starting at $1.39 for 100 coins (in increments of $139.99 per 1000 coins).

If you're streaming that user can send you coins or use those coins to buy you gifts. You can then turn coins and gifts into diamonds and use PayPal to exchange diamonds for cash.

Pretty cool, right?

TikTok collect donations

The only problem is that live streaming isn't open to everyone. TikTok manually selects users for live streaming so you need a reliable account to monetize TikTok with this option.

The Chinese version of Douyin has a similar feature: during the live broadcast account owners can provide a "shopping cart" option so they can sell their products and services directly during the live broadcast.

Some are predicting that the feature will eventually come to TikTok — another great way to make money on TikTok.

6. Become a TikTok Consultant

TikTok is one of those platforms that many companies struggle to grasp. The uniqueness of the channel means that trends often change quickly.

Anyone can become a viral sensation overnight and it's also easy to lose a huge following.

This is why TikTok consultants are in high demand.

TikTok consultants are experts hired by brands to help them build their presence and increase traffic to their TikTok accounts.

If you know how to make trendy TikTok videos you can pay to teach others how to do the same. This is a great way to monetize your skills and build business relationships.

To be a successful TikTok consultant you need to prove that you can get thousands or even millions of video views. You also need to know how to take advantage of the different features of video sharing apps.

If you've had a lot of success on TikTok you should cover these.

7. Start a TikTok talent management agency

Do you have talent management experience in social media marketing or production? You can create a business that advises and manages accounts for well-known TikTokkers.

If you think about it it's akin to actors having their own talent managers.

It's a particularly useful service for those who go viral overnight. They made a great video in the morning and BAM! They have more followers than ever - but they don't know how to keep the momentum going.

This is where you come in as a talent manager. You can help influencers:

Build partnerships with brands that match their profile and followers’ interests

Negotiate deals and agreements on their behalf

Advise them on content strategy to maximize their exposure and engagement

Come up with new and fun ways to make money (for both of you!)

How Much Money Can You Make from TikTok?

While you don't need to have 20 million followers to monetize TikTok a profitable account needs to have a strong following.

In terms of strategies like influencer marketing the amount you can earn is usually related to the number of followers you have. Well-known accounts are known to bring in tens of thousands or even a million dollars on a single post.

There are tools to estimate how much money you can make based on your account statistics. The TikTok Money Calculator from Influencer Marketing Hub is a great option.

Take famous TikTokker Kody Antle whose father rose to fame by appearing on the viral show Tiger King.

With 28 million followers and a 0.75% engagement rate Kody can earn as much as $27,800 per post.

If you are still in the micro-influencer stage your income will be lower.

For example Carlos Ayala who has 112,900 followers and an engagement rate of 3.07% estimates that he earns a whopping $114 per post.

Remember your earnings will vary depending on the strategy you use to monetize TikTok and how you bring that strategy to life.

How many followers do you need to make money on TikTok

Technically you only need 1000 followers to start making money on TikTok. However you need to find brands willing to sponsor your content.

Another way is to interact with your audience in live videos making you a fan favorite and earning gifts.

TikTok allows users to support their favorite creators by sending gifts of all shapes and sizes. When a gift is received it will be converted into a diamond on your TikTok profile. After earning enough diamonds you can exchange them for cash and withdraw funds via PayPal or other supported methods Pay for services.

The minimum withdrawal limit is $100. TikTok allows creators to withdraw up to $1,000 per week.

In addition to these two options you can also apply to join the TikTok Creators Fund. This is a program TikTok uses to reward creators who regularly publish great content and create value for their audiences.

Here are the requirements for the TikTok Creators Fund:

Your TikTok account has at least 10,000 followers.

You have generated at least 100,000 video views in the past 30 days.

You are at least 18 years old and live in the UK US Germany France Spain or Italy.

This option is best for creators who have successfully built a good following over the past few months.

Summary: How to Monetize TikTok in 2021

Learning how to get paid on TikTok isn't complicated or tricky.

The main thing to remember is that you need great content that people like and you need to work hard to keep growing your following.

If you approach it with the right mindset and are willing to learn as you go and pay close attention to what works and what doesn't you'll make money before you know it.

Here’s a review of 7 ways to start making money on TikTok:

Become a TikTok Influencer

Grow and Sell TikTok Accounts

Publish Sponsored Posts

Sell Your Own Products

Collect Donations

Become a TikTok Consultant

Start A TikTok Talent Management Agency

What steps have you taken to monetize your TikTok account? Let us know in the comments section below.

Want to Learn More?

How to Make Money From Instagram: 7 Tips for 2021

How to Make Money on YouTube in 2021: 7 Top Tips

How to Make Money on Your Smartphone: 11 Ways

How to Make Money Blogging in 10 Easy Steps 

Posted By : LumpaCom - Informasi Tiada Henti

Share this post