So you want to know how to earn money from TikTok? Well, there is NO official way through which you can make money from TikTok. However, that doesn’t mean it is impossible.
In my opinion, whether you choose any platform, if you have a decent audience then it creates various opportunities for you to make money. And the same applies to TikTok.
I have some friends who are generating quite amazing revenue from TikTok.
For those who don’t know, TikTok is a video sharing platform where people create short videos and share them with the world.
How TikTok Earn Money?
Before we talk about how to earn money from TikTok, let’s see how TikTok is making money?
TikTok’s current major source of earning is through advertisements of different brands and sponsored marketing (partnerships or alliance).
If you watch YouTube videos you might have encountered with ads before a video is being played, this is how creators at YouTube make money.
As of now, TikTok doesn’t allow creators to make money by monetizing their videos but still, there are certain ways by which you can generate income from TikTok.
It is not like, you create a TikTok account and start adding money in your bank. There are a few requirements before you start earning money from TikTok. Here are some of them:
- You must be having a good following.
- Your content should be engaging.
- True followers are necessary.
How to Earn Money from TikTok
1. Brand Promotion
The most effective to earn money from TikTok is Brand Promotion.
You can earn money on TikTok through sponsorship opportunities from brands.
There are two ways you can get this opportunity, either you approach these brands or the brand will approach you seeing your profile’s engagement.
Brand will only approach when they will find your content to be engaging and profitable for them to promote their product or service. If your content is not engaging means you don’t have loyal followers then it becomes difficult to get these brand’s proposal.
Why is it so?
Let me explain you with an example, suppose you are a brand of a product X and you want to promote your product. Of course, the main motive of this promotion is to increase the sales. So what you will look for? Definitely, A TikToker who can help you to increase your sales.
Here brand always look for their benefit. If you have a platform which can be beneficial for a brand then they will always welcome you.
In the beginning if you are not getting a proposal from brands then you can approach them directly. Do not approach big brands they will reject you for sure. Instead approach some start-up brands by emailing them about how you can be beneficial for them, there are high chances of getting your proposal approved.
According to a research, many individual TikTok influencers make over $1000 per month, only through sponsorship. Imagine if these people can earn so much, how much cumulative ad revenue can TikTok itself earn.
2. Live Feature
If you have noticed, on YouTube there is a feature called super chat. Here, people contribute some money to the creator while he is live interacting with its audience.
Likewise, TikTok also provides you with the feature of getting some contribution from the audience when you are live. However, you need to have 1000 followers to get this feature in your TikTok account.
In TikTok, people buy these coins at a certain price and they spend these by gifting you.
So like this you can earn money from TikTok.
Collaboration is another way you can consider to earn money from TikTok.
There may be some fellow TikTokers who might be interested in promoting themselves by getting featured in your account.
You can allow them to collaborate with you and in return, you can also ask them to pay you a decent amount for getting featured in your TikTok account.
So collaboration is one way for How to earn money from TikTok.
4. Cross Promotion
TikTok can be beneficial for doing cross promotions.
TikTok provide a feature of adding your other social media accounts in your TikTok profile. You can take advantage of this by doing cross promotion.
For example, you can redirect your TikTok audience to your Instagram profile so that they can follow you, this opens an opportunity to earn money from Instagram.
Also, If you have a platform like a blog or website, you can bring traffic from TikTok by adding watermark in your short videos.
Although, it will be impactful only if you do it in a right way.
Try to figure out a proper way you can utilize those traffic for promoting your other platforms.
So this was all about how to earn money from TikTok. If you have any queries feel free to leave your feedback in the comment box.
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