You’ve probably heard of TikTok, a “little” social network with over a billion active users. And as members of Domivate we all should know that billion users equal billion ways to make money on Tiktok – a social networking site that allows users to create, view, and share short videos (up to 3 minutes long) about anything and everything, including sports highlights, lip-sync battles, and memes. Users can add music, sound effects, text, and filters to their videos, and they can collaborate with other users by split-screen “dueting” a video or responding with a “stitch.”
The majority of your material (95%) is viewed by people who are not followers of yours. This has one major advantage: if you post a lot of videos, you have a good chance of becoming viral and reaching huge, untapped audiences. This is ideal not only if you want to make money on TikTok, but also in order to rapidly expand your audience and send traffic to an affiliate link, promote a service, or grow your business.
In this post we are going to cover 14 Best Ways to Make Money on TikTok.
Table of Contents
Sell Products Through TikTok Shopping
TikTok announced TikTok Shopping in 2021 to allow businesses to sell things directly on the platform, eliminating the need to send followers elsewhere to purchase your goods and making it one of the best ways to make money on TikTok.
TikTok Shopping enhances your profile with a shopping option that allows people to view products from your Shopify catalog. You can also tag your products in organic content to direct users to your store.
Don’t be scared. Mention the products you want to sell to your target audience. Try not to be too commercial, but remember to give your TikTok store a mention every now and then.
Start a Patreon
Provide free content on your TikTok account while encouraging your fans to support your Patreon campaign to access premium content. This might be:
- Behind-the-scenes peeks
- Exclusive content
- Personal time with you
- Live chats and hangouts
- Community access
- Public shoutouts
You have to be creative to make money on TikTok. Once you gain a loyal following, they’ll demand anything and everything from you. However, just ensure you put in the time to make your Patreon content valuable and worthwhile – you don’t want anyone to regret their purchase after signing up.
Make money on TikTok by participating in Affiliate Programs
TikTok does not require you to have your own products or services in order to make money. Instead, apply affiliate marketing to link to other products and earn a share (%) of each transaction when a user clicks through and buys. Making this a way how to make money on tiktok views.
Here’s how it’s done:
- Put an affiliate link in your profile and direct traffic from organic views to make them click on the link.
- Redirect traffic to your Facebook, Twitter, or Pinterest accounts, where you can add affiliate links more freely.
- In your video captions, include promo codes and URLs. Users just have to copy and paste the link into their browser, which makes affiliate marketing a great way how to generate passive income.
@mostwanted.nl Happy monday! 💖💖 #mostwantednl ♬ this sound makes me feel so sickly single x – 🐐
Promote Songs on your TikTok account
One way how do people make money on tiktok is by adding music to your videos. Artists are aware of the value of the background music that is often included with videos on TikTok so that creators can lip sync and dance to it. If you have a sizable audience and a high level of engagement, musicians will pay you to promote their music in your posts.
They know if your video goes viral, their song goes viral – and that means more downloads, concert tickets, and merchandise.
You can use TikTok to promote your own music if you are (or plan to become) a musician. Since TikTok is a platform for dancing and singing, posting your own beats there only makes sense, and there’s another way to make money on TikTok – the truly multipurpose platform
Drive Sales with TikTok Ads
TikTok ads can be used to send traffic back to your website, online store, or to the TikTok Shopping tab. You could run in-feed image advertisements promoting your goods, or you could get creative with TopView ads (fullscreen takeovers) to increase your TikTok following—either way, you can make money on TikTok.
TikTok can also be used as a top-of-funnel resource to encourage users to join your email list or SMS campaigns. This method can help your TikTok account appear less salesy while still being a powerful cash generator.
Become a Brand Ambassador to Make Money on TikTok
When compared to sponsored content, brand ambassadors serve a similar purpose, but they provide assistance over a longer period of time rather than just once. As a brand ambassador, you will probably get paid and free merchandise in return for a set number of videos each week or month. Your brand ambassador deal gets sweeter the better your content becomes.
Look for companies you adore. The ideal situation is to discover a brand that enables you to grow your network, receive items that you actually enjoy, earn money, and have fun. Explore your favorite brands’ websites to see if they offer any tempting programs since most companies have exclusive ambassador application pages there.
@fabiola.baglieri ARE YOU KIDDING ME AGAIN 😍 #slayyyyyyyyyyy ♬ original sound – evie
Join TikTok’s Creator Fund
Users who produce interesting content are compensated through the TikTok Creator Fund program. You are paid more by TikTok the more views your videos receive. To encourage users to stay on the platform (and generate revenue from advertising), TikTok will pay creators, which is a way to make money on TikTok itself.
To join the Creator Fund, you must have received at least 100K video views in the previous 30 days. Expect to see the program develop and change over the ensuing months and years because it’s still a relatively new concept for TikTok.
Publish Sponsored Posts in order to Make Money on TikTok
To feature their goods and services, brands will pay you; this is known as sponsored content. It’s possible to participate without having a monopolistic influence. Even if the micro influencer’s community isn’t very large (yet), smaller brands will still pay top dollar to work with them.
You can reach out to brands on your own or wait for them to contact you. You can apply to join the TikTok Creator Marketplace, a platform that links well-paying brands with influential creators, if you have more than 100,000 followers and 100,000 video likes in the previous 28 days.
Find New Clients with TikTok
TikTok is a great platform for growing your consulting or freelancing business. Create an audience by publishing interesting content, and then advertise your products or services. You never know when a follower will need your assistance or when a referral will bring you a new customer.
If you make a living building websites, showcase some of your work on TikTok. If you’re an email marketing consultant, share some of your creative campaigns.
You can use your imagination to make any industry on TikTok exciting, from plumbing to accounting to software. The point of TikTok, also when the goal is to make money on TikTok, is to have fun and let your personality shine through.
Build and Sell TikTok Accounts
You’re good at attracting audiences quickly? Make a living doing it!
Many creators and companies would love to get a head start on TikTok. You’ll have a list of potential customers if you can quickly grow your TikTok following.
Consider the sectors that could be interested in buying a profitable TikTok account. An account devoted to cat GIFs might be difficult to sell (or it might not be), but an unboxing profile or an account devoted to cars would probably sell much more quickly.
Avoid using any of these accounts for personal use. You don’t want your name or face to become associated with your followers. Instead, focus your content on the subject material.
Work with Influencers
To make money on TikTok, you don’t need a huge following; instead, you can take advantage of the creative individuals who have put in the time and effort to cultivate devoted fan bases. Partner with influencers to promote your TikTok account or sponsor your products.
Your company could succeed or fail with a simple shoutout from the appropriate person.
Do you recall when Elon Musk drove the price of Dogecoin up by 600% in just one week? That is an illustration of accidental influencer marketing.
Imagine if you did it on purpose.
Receive Donations Through Live Gifting
Your viewers can send you donations in the form of coins (which can be exchanged for cash) when you live stream on TikTok. Create captivating live streams, draw a big audience, and watch the money start rolling in.
Be aware, though, that in accordance with TikTok’s community rules, actively soliciting gifts is strictly prohibited. The exchange needs to be natural and organic.
To go live on TikTok, you need at least 1,000 followers and to earn gift points, you must be 18 years old.
Raise Money Through Crowdfunding
Whether it’s giving money to a project on Kickstarter or donating to a cause on GoFundMe, people adore taking part in crowdfunding campaigns. In 2021 alone, North America contributed $17.2 billion to crowdfunding.
Furthermore, there is a decent success rate. When you consider that only 10% of startups are successful, the average success rate of crowdfunding campaigns is a staggering 22.4%, which isn’t bad at all.
We advise starting a crowdfunding campaign for the content of your TikTok account whenever it is practical. It’s odd when a horse-loving profile on Kickstarter tries to raise money for an innovative new board game. Any company, though, can help those in need by hosting a fundraising event. For instance, even if your account is dedicated to lip-syncing country music, no one will criticise your brand for attempting to raise money for an orphanage.
Collect Tips
Consider asking for tips if you don’t have any projects or products in mind. It’s a great way for your audience to support you and the content you’re producing. The act of collecting tips on TikTok is comparable to taking out your guitar case and playing on the side of the road, or to Wikipedia’s request for donations upon each visit. The process is quick and simple with a few tipping platforms:
- Buy Me a Coffee is a quick and enjoyable way for your audience to express gratitude. The platform can be used for one-time donations as well as ongoing memberships.
- Tipeee: Tipeee wins for having the most features and being the most user-friendly. To display your profile, receive updates from tippers, display rewards, and encourage community interaction, you can create a page.
In conclusion, it is definitely possible to make money on TikTok. As we’ve seen, there are a variety of ways to monetize your TikTok content and leverage your online presence on the platform. Whether you’re a creator, a brand, or an influencer, there are plenty of opportunities to earn income through TikTok. So if you’re looking to turn your TikTok hobby into a profitable side hustle or even a full-time career, there’s no reason not to give it a try. With the right strategy, dedication, and creativity, you too can be one of the many people making money on TikTok.