Despite only being available outside of China since 2017, TikTok was the seventh most downloaded app of the 2010s, together with its Chinese twin, Douyin. Early this year, the social media has about 1 billion active users every month. That presents an enormous marketing opportunity for business owners and marketers who can you make money from tiktok. If you generate content, you may have asked how users make money on TikTok, how much they can earn, and how the company pays users. Then you might also be interested in learning how to make money on tiktok as well.
What are the prerequisites in order to begin?
Many people ask certain questions : how do you make money on tiktok? To answer that question, it is important to know that you must meet certain conditions first. First of all, you must be 18 years of age or older, have more than 10,000 followers, and have collected at least 100,000 views in the past 30 days in order to earn money directly on TikTok. You can also use the TikTok Creator Fund application which is available within the app. But earning money on TikTok involves a little imagination, just like drawing a picture or painting. There are legitimate, app-funded ways to make money on the network, but there are also many additional opportunities to rely on, even if you don't have a large following. It is also important to notice that the number of followers and views on your posts can help you get a lot of money. By consulting the metrics, you can know how many followers on tiktok to get paid uk.
6 ways to make money on Tiktok
There are various ways to generate money on TikTok. You can use one or the other depending on what you want.
1- Tiktok Creator Fund payouts
This is the approved money-making approach for apps on the platform. Announcing a new Creator Fund on July 22, 2020, TikTok promised to donate $200 million USD to "support those who dream of leveraging their voices and creativity to create exciting professions."
After it went viral online following the launching, they announced a week later that the fund would increase to $1 billion US by 2023. How do you obtain that lovely creator money then? Before applying, you must check out a few boxes on the application:
- being at least 18 years old,
- residing in one of the following countries : US, UK, France, Germany, Spain or Italy
- having at least 10,000 followers, and having at least 100,000 video views in the past 30 days. That means, you must take into account how many followers on tiktok to get paid
- having an account which conforms to TikTok Community Guidelines and terms of service.
If you own TikTok Pro, you can use the app to submit an application for the Creator Fund. You must also know that you can get a lot of money according to the number of views on your videos. Using the tiktok money calculator will help you know how much you can earn.
2- Create in-feed ads with the TikTok ads manager
TikTok offers many fantastic organic marketing opportunities, but if you want to increase the audience for your content, you might want to think about making your own in-feed advertising using the TikTok ads manager. Like any other TikTok video, TikTok ads play automatically and are displayed in viewers' "For you" feeds. You may make sure your videos are seen by those who are most interested in your products by using paid advertisements.
Shopify and TikTok's ad manager are fully integrated. As a result, you can create TikTok advertising, choose a target demographic, and monitor the effectiveness of your ads all from your Shopify store. TikTok genuinely has the potential to be one of your top resources for online marketing. By running ads on your products, you can make a lot of sales on this social app.
3- Use Tiktok to advertise your products
Making TikToks that showcase your products and all the features that make them special is the most obvious way on how to earn money on tiktok if you already have merchandise. Make sure your bio contains a link to your store. TikTok is a terrific platform for monetizing almost any kind of video by selling your own goods. Any artist, be they a dancer, singer, or comedian, may produce and market merchandise to their most devoted followers.
There is a huge selection of items thanks to the many print-on-demand businesses. T-shirts, tote bags, pillow covers, hats, coffee mugs, stickers, notebooks, or any other combination of goods are all possible for you to sell. Even beyond profits, selling print-on-demand products has advantages. Every follower that wears your branded merchandise strengthens their connection to you and your work.
4- Go live and collect virtual gifts
One of TikTok's most helpful features for content creators trying to monetise their work through live streaming is live gifting. The majority of social networks include a live streaming capability, but TikTok stands apart since users can send virtual gifts that can be exchanged for money in real time to demonstrate their appreciation.
You must choose the best time to go live so that your followers are online. Then, to observe when your audience is most active, check your audience insights by heading to your profile settings and choosing the Analytics tab. After then, it's crucial to live as long as you can. Even though not every viewer will stay for the entire livestream, if you go longer, more viewers will have the opportunity to tune in and watch.
You should also upload videos while you are live because TikTok encourages users with a link to your live broadcast when they see the video in their stream, helping to increase your live audience. Use the appropriate tiktok hashtags that relate to your online activities, and while you are live, keep an eye on the comments. Real-time interaction with users is a terrific way to establish lasting bonds with your followers. Going live can also assist to increase other monetization streams because audiences that have a deep connection to a creative often take an interest in their success.
5- Work with other companies or influencers in the TikTok creator marketplace
Through its Creator Marketplace, TikTok offers one of the most creative means for its creators to monetize their work. The Creator Marketplace facilitates relationships in a quick and simple manner for both sides by bringing together the relevant companies and influencers. It's really simple to produce useful sponsored content on TikTok. If you want to know how to earn money on tiktok, you might use this method.
Brands interested in running an influencer campaign can browse the market and rapidly scan material produced by creators they know are receptive to working with brands. By allowing both parties to express their readiness to collaborate, the creator marketplace serves as an influencer agency, alleviating some of the awkwardness that marketers may feel when approaching influencers on other platforms for influencer marketing.
6- Organize Live fundraising events
One of the most accessible ways for creators to earn real money is through crowdfunding. Offering a simple, no-pressure way for your followers to donate is a terrific approach to secure a steady flow of cash since you put a lot of time and effort into developing material for them.
Depending on the kind of financing you need, crowdfunding can take many different forms. You might enlist the support of your followers by establishing a funding target and holding live fundraising events if you need startup money for a particular project.
