Launched in 2017, TikTok is a mesmerizing tale of two versions of one app - TikTok for the global audience and Douyin for China.
Who knew it would become the fastest-growing app of all time competing with leading social media like Facebook, YouTube, Instagram, Pinterest, and Snapchat?
While you will come across dancing and lipsync videos in your feed, some entrepreneurial brains wonder, can you make money on TikTok? This blog will answer that question and will share 7 proven ways to make money on the popular musical app.
Ready to learn?
Let’s dive right in.
If you have built a reasonably sized audience on TikTok, you can make money with the TikTok creator fund. The amount of money to be made depends on the number of followers you have, the quality of viewers’ engagement, and the speed of your posting.
While the creator fund is a lucrative option to monetize an audience, it is not available to everyone and there is no guarantee of fixed monthly payouts to the creators.
Selling your merchandise is a great option for all types of creators; dancers, artists, athletes, etc. With tons of print-on-demand companies operating worldwide, it’s very easy to sell your products while letting the pod companies do the most work (printing, packing, shipping, managing transactions, and customer care).
Selling pod products gives you an added advantage. When your fans use your products they will spread the word, growing your brand’s awareness.
Today, most social platforms are providing the ability for users to do live streams, and TikTok has this feature as well. What makes TikTok unique is that it allows creators to receive virtual gifts from their fans on their live streams.
These gifts can be redeemed for cash. These are a token of appreciation that fans can show to the creators. A few useful tips to maximize the experience are to picking the right time, staying live for a longer period, using hashtags, posting content during the live stream, using the hashtags, etc.
Digital products are a very lucrative way to make money with a TikTok account. You can sell digital products from as low as a few dollars to as big as thousands of dollars. From e-books to graphic templates to online courses, there are ample opportunities to tap on.
All you need to do is to add links to your landing pages or sales pages and tell your viewers to click the link in the bio. And you are good to go.
This is something not many social networks have done in the past. A TikTok marketplace is a place where brands can find the right influencers for their next influencer marketing campaign.
Brands can quickly browse through the content created by the creators and if they deem the influencer aligns with their brand they can sign them up.
The marketplace makes it easy and super fast for both parties to go into an influencer collaboration. It ensures that brands only reach out to the creators who are open and willing to do partnership with them, and vice versa.
TikTok is an amazing way to make money using organic marketing strategies. But if you want quick results and don’t want to wait for months, you can run ads on the app.
The best part is that dashboard of TikTok ads is integrated with your Shopify store. You can track your ads performance inside your Shopify store.
TikTok ads allow you to create your ads, pick your target market, and show them ads.
For many accounts that are struggling with generating engagement and growing reach, a quick fix might be to buy TikTok auto likes. This will help them look credible to the viewers as well as inspire algorithms to promote their content organically across the platform
If you don’t own any product or you don’t feel like an expert to be able to create a course, then you can simply market affiliate products and make money.
There are a ton of great affiliate marketplaces to pick products from; Clickbank, jvzoo, warrior plus, share a sale, Amazon, etc.
From physical products to digital products to high-ticket affiliate programs, there is a ton of money to be made with affiliate marketing on TikTok.
Here is how it goes. You sign up on a marketplace and grab your affiliate link (a unique tracking URL) for a product of your choice.
Then you create content around the problems that the product promises to solve. In your TikTok videos, you tell viewers to click the link in the bio and find the best product that will help them solve their specific problem.
Making money on TikTok comes down to creating an audience interested in a topic, sharing tips and other valuable stuff, and then selling them your stuff.
We have covered 7 ways in this blog how you can monetize your TikTok audience. You can sell your products to the audience as well as the products of other companies for commissions as affiliates.