Can we earn money from TikTok or Is TikTok a social commerce? TikTok is another social media app that a lot of people have their eye on and a lot of people are making money from.
Well, TikTok has a lot of interest right now and not a lot of content. There are a lot of people who are creating content and seeing crazy views and some people are going viral overnight.
How to Earn Money on TikTok
I can see that more and more people are looking to TikTok. They don’t want to wait years to figure out the platform and how to monetize it. They want to start it early with the goal that they can profit by all the interest today and begin earning from TikTok. So if that’s you, if you’re interested in jumping on a platform early and looking at how to actually monetize your following, that’s what I’m covering now:
There are SIX WAYS that people actually using to earn money from TikTok. So let’s see why TikTok might be more powerful than even Instagram.
So based on my research, here are six ways that I see people monetizing TikTok today:
“Growing accounts and then selling them”
This is becoming more and more popular in the eCommerce or product space.
You’re only going to choose a niche and then go ahead and create entertaining content, ideally content that goes viral to attract and draw that person who would be the ideal customer for your product.
Usually it’s a niche topic and they might not have anything to sell, but they’re going to reach out to brands in that industry and sell their TikTok profile to them and people are legit making money this way.
The good news for product brands is once they have that account in their hands, it’s actually fairly easy to sell products.
One way that TikTok creators are selling products is through TikTok live. They are launching products while live streaming or they’re actually holding kind of auctions while live streaming.
So if you’re the type of person to love TikTok, and you just want to grow a following around a certain topic and really build that community around a certain topic, go for it and then reach out to those brands who would love to have access to those followers and sell them your account.
“Going TikTok live and collecting donations from viewers”
It’s a fascinating feature of TikTok. Let’s see how it works, a TikTok user purchases some coins by recharging, let’s say, if a user buying hundred coins, it will cost him $1.39. Now what do users do with these coins?
The way this is designed is that when one of user favorite creators is going live, he can send them coins as kind of a way to give thanks for all of their effort in creating the content creator does.
How much do TikTok stars make
What does the creator do with this TikTok coin?
The creator turns the coins into diamonds and those diamonds can be converted into cash via PayPal. Cool, right?
So if you build up a profile yourself, you have a lot of followers, your followers have the ability to donate coins to you, which turn into diamonds in your account, which you can then convert into cash through PayPal.
“Manage TikTok Influencer campaigns”
There are straight up influencer agencies to serve TikTok influencers. You can work as the middleman or the broker between a TikTok creator and a brand who wants to work with that influencer.
So from creating the agreement, managing both parties, making sure the deliverables are all met, just being that coordinator, you can charge a service fee to manage campaigns like that.
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“TikTok ADS Platform”
So just like Facebook and Instagram ads, you can go Google and next TikTok ads and sign up for access to their ads platform. So this is pretty self explanatory if you’ve ever run paid traffic before, but if your market’s on TikTok it might be worth you creating a few ads, putting some financial limits towards testing there and seeing what happens.
“Offering management services for creators on the TikTok app”
So you might’ve seen this, but some creators on TikTok have millions of followers and sometimes this happens really fast and overnight for that creator, it’s like having a business land in their lap so you could step in and offer services to help them with their content strategy, their creative strategy, maybe managing offers and deals that come their way.
But if you’re having that background in production or storytelling, you could definitely apply that to offering management services to TikTok creators.
When you become an expert on TikTok, and possibly you truly see how somebody could take a video that perhaps gets a hundred views and assist them with getting 100,000 views, well you can just offer consulting services. So this is a really great way to leverage your expertise from the platform and help people who want to be TikTok famous or they want to be creators, actually boost their strategy so that their videos get seen by hundreds of thousands, if not millions of people.
Of course, you need to have the background and the experience in this first to offer this as a service. But once you’re there, people will definitely pay to your experience and your brain on their account.
And if you help them get any deals or influencer agreements, you can even negotiate a percentage or a cut of that deal simply because you are their consultant and you have helped them go viral on TikTok. So there you have it.
These strategies have helped literally thousands of people make a lot of money from TikTok. So if that’s interesting to you, go ahead and see how it would helpful for you.