TikTok is a relatively new social media platform, but with its 800 million active users, a business can already think to get consistent benefits from it.
Making money on TikTok will take some work and time, but if you do it in the right way, you can succeed and reach your business goal.
Also, if you won’t get money directly from TikTok, there are other good ways to monetize on it.
So, let’s discover what are the 8 best ways to make money on TikTok.
How to make money on TikTok
- Become a TikTok influencer
Grow your account and reach a sufficient follower’s number. Remember, the followers’ number is not the only thing that counts on TikTok. You should have also a high level of engagement.
- Grow and sell a TikTok account
This is the right method for those who don’t like to be an influencer.
With this method, your only aim is to grow your account and once it becomes popular, sell and say goodbye to it forever.
You can create an account and you start to grow the number of followers by making sure to reach a specific niche.
Make sure to create videos about a particular topic, for example, beauty or cooking.
- Get sponsored by brands
Brands are quickly jumping on Tiktok to promote their products.
If you have a consistent number of followers, you can think to create sponsored videos.
With this method, you won’t have an entire amount of money, because TikTok will get part of it and it’s its main income source.
Pay attention, don’t create sponsored videos over and over. You should keep safe your credibility, otherwise you’ll lose your followers.
- Go live and collect donations on TikTok
Any user on TikTok has the option to buy coins on their profile. 100 coins are 1.39$.
When one of your favourite creator goes live, you can support him by sending the coins you purchased.
If you want to go live, you need to have at least 1000 followers. Once you reach that number, you can go live and collect coin donations from your followers.
- Manage TikTok influencers campaigns
If you have good management skills and you’re good with negotiations, you can become the mediator between brands and influencers.
You find a deal that works for both the parties and then help them running their campaigns and reach their aims. In the end, you get your fee for your service.
- Sell products or services
If you already have a business, you can use TikTok to promote the service or product that you sell.
You can also use the TikTok ads platform and create great ads that will give you more visibility.
- Offer management services to TikTok creators
A lot of stars don’t have time to manage their growing TikTok profiles.
So, you have the chance to manage their profile. You can become a TikTok manager and help users with content creation, strategies and managing deals with brands and so on.
If you want to adopt this earning method, make sure to have a proper professional background.
- Offer consulting services on a niche topic.
If you’re an expert in a specific niche, you can easily convert your knowledge into profitable earnings.
Your consulting can be related to any topic from cooking to fitness.
Create your informative and helpful videos and show that you can bring value to people’s lives.
Tiktok offers a lot of ways to make money. You just need to choose what is the right for you.