Tiktok is now not a new name anymore. Instead, it has become quite famous that many people use it as a source of income. Yes, for one thing, Tiktok has 1 billion users and is available in over 200 countries worldwide. So, does it show you the huge potentiality of the app?
Still not convinced? Michael Le earned $20,378,000 from Tiktok ads. On the other hand, Charli D’Ameli, another famous Tiktoker, earned $18,224,000. And why are we naming the highest paid TikTok earners in 2021? Because they also started from where you stand today.
So, if you dream about touching the heights, here are 7 unique ways to make money on TikTok. If you are ready, let’s get started.
Things to Do Before You Start
You have to become quite famous on Tiktok before you start earning money. And so, there are a few preparations. We thought you should see these before you learn the ways to earn money on Tiktok.
Create Your Brand
Identity matters. You don’t always have to post the same videos. You can surely find alterations. But, what is important is that you should have your own niche out. Let’s look at it this way: why would people watch your videos? How will your videos help them in their life? Is your channel for mere entertainment, or have some application?
These questions play a huge part when you want to earn money from Tiktok. So, focus on emerging as a brand that people would follow. In that way, with a specific niche, you will make some loyal viewers who will be there forever.
Post Content that People Would Watch
After all, Tiktok is another social media platform on the web. As a social influencer, it is your content that defines your caliber. And only unique content can bring you into the limelight. But always remember that it is the people who make it viral.
Hence, you should always focus on making something that people would love to watch. For example, you can create tutorials, dance videos, or other entertainment videos that people mostly see.
Also, there make sure you shoot and post them properly. The video should always be in vertical mode and have a 1080×1920 ratio. And also, put proper hashtags and descriptions that match your content.
Engage with Your Audience
You are an influencer because people love to watch your content. But, can you call yourself so if people start losing their interest? No, you won’t be an influencer if you can’t influence them. So, never lose your connection with your audience. You also should be as engaging as your content.
You can implement different methods here. For example, you can organize Q&A sessions or giveaway contests that will bring you better engagements. In that way, people will get to know you even more and keep following your content.
Unless you have a channel with sufficient followers, you cannot earn money from Tiktok. These three practices should always be there whenever you start your Tiktok journey. Now, as you get familiar with these, here are those 7 unique ways to make money on TikTok.
How to Earn Money from Tiktok
Influencer marketing is probably the most heard word across the web. As a social influencer, you will have many followers. These followers are in some way potential buyers for many companies. Now influencer marketing is a marketing strategy where companies hire influencers for their ads. In this, you get to participate in their advertisements.
But, how is this relevant? Unlike movie stars, social influencers are some real people with real names. It strengthens the trust factor for the audiences. When the audiences see someone like them wearing or using some product, they become keen to use it.
However, you have to have quite some followers on Tiktok to receive a call from some reputed companies. So, focus on growing the numbers for now!
Donation collection is another way of earning money from Tiktok. But for this, you have to have at least 1000 followers on the platform. Once you have 1000 followers, you can start collecting donations from them. Now, how does it work? Do your followers send you money online?
Well, Tiktok has its own currency. You can buy these coins on Tiktok, which are available in bundles of 100 to 1000. Your fans can donate these coins that you can later convert into currency.
However, the donation is not a stable form of income on Tiktok as it depends on your followers whether they would donate or not. But it is a good option.
Selling Branded Merchandise
Selling branded merchandise has always been one of the best ways to earn money online. You can practically use it on any platform and earn a lot of money. But first, you have to be quite famous on Tiktok. In this method, you publish your own merchandise products. It can be hoodies, t-shirts, caps, mugs, or even beauty items.
Now there are many examples in this field. Chase Hudson (aka lilhuddy) has successfully built his beauty brand out of Tiktok. On the other hand, Item Beauty is an example that sells its branded t-shirt, hoodies, and other merch on the platform. Thus, selling branded merchandise is one of the best ways to earn money on Tiktok.
The next tip on this tik tok guide is something quite common, yet it needs some attention. Sponsored videos on Tiktok can help you earn some handsome money. Unlike influencer marketing, in sponsored videos, you create content where you advertise for someone else.
They are your sponsors in this case. Many companies or brands sponsor several such influencers for making certain content related to their businesses. However, to get some big sponsors, you will need a satisfying number of audiences.
Affiliate marketing is always one of the best ways to earn money online. Whether it is Tiktok or some other social media platform, affiliate marketing can bring you a good amount of money. All you need to do is promote certain products on your channel.
Affiliate marketing can differ a lot. You can sell a product or some online courses as well. In return, you get some commission for the sales. The fun fact is, you can start affiliate marketing with whatever number of audiences you have.
If you think you know about Tiktok and how it works, you can be the best fit as a Tiktok consultant. So, who is a Tiktok consultant in the first place? A TikTok consultant is someone who is well versed with Tiktok’s ways.
Now, as a Tiktok consultant, your job will be to help others grow their Tiktok handles. Tiktok consultants can help companies to grow using Tiktok marketing. They can also create influencers by guiding them properly.
Tiktok can be very unpredictable sometimes. While it may take years for someone to become popular, others can be on the top overnight. But when someone becomes too famous, the response they receive from various brands can be overwhelming. At this point, influencers face a rough time managing everything.
If you have any experience in managing campaigns, you can be a huge help to them. Especially most of the time, the overnight sensations do not know what to do next. It is them who remain at the dying need of a guide. If you know your ways around Tiktok, you can be a help to them.
Tiktok is the 7th most popular social media platform on the web. With more than 1 billion users worldwide, it holds a huge potentiality for people to earn money. But for that, you need to have some good engagement.
Of course, you can always buy likes on Tiktok, but creating something unique is undoubtedly the best. Over that, follow these 7 unique ways to make money on TikTok and get your business on the run.