You probably know what TikTok is. If yes, then today’s article “7 Proven Methods To Make Money On TikTok 2024” will be very useful for you. If you don’t know about TikTok, the short video platform, you can read our post about TikTok to clear all your doubts. Today, we will learn how to make money on TikTok. I know that many of you use TikTok but don’t know how to make money from it. Yes, friends, this might be because TikTok isn’t as popular and stable as YouTube. Also, TikTok doesn’t have its own ad service like YouTube has Google AdSense.
That’s why many people still think they can’t make any money from TikTok because it doesn’t have an ad service. To clear up this confusion, we have today’s great article about the foolproof ways to make money on TikTok.
So, let’s move forward and get detailed information about the methods you can start using today to make money from TikTok videos. Without further delay, let’s begin.
7 Proven Methods To Make Money On TikTok 2024
You might have wondered if you can really make money from a video platform like TikTok. The answer is yes. If you treat TikTok like a business, you can earn a lot of money professionally.
You don’t have to wait until you’re 18 years old. Even if you’re under 18, you can do this with the help of your parents. It’s completely legal.
1. Make Money On TikTok By Creator Fund –
Individual creators who are establishing their personal brand have an advantage in this regard. For small businesses, the situation can be more challenging. It might be tempting to overtly advertise your business in every video, but keep in mind that most people dislike feeling like they are being sold to, which could hinder your social media success. To attract attention and generate revenue on TikTok, prioritizing the creation of engaging content is essential.
• What is the TikTok Creator Fund?
The TikTok Creator Fund is a program designed to reward content creators, influencers, and brands for producing outstanding TikTok videos. If your content is getting a lot of views and engagement, you’re heading in the right direction.
• How to join the TikTok Creator Fund?
To qualify for the TikTok Creator Fund, you need to meet the following criteria :-
- Have at least 10,000 genuine TikTok followers
- Accumulate 100,000 real video views in the past 30 days
- Be over 18 years old
- Be a legal resident of the United States, the United Kingdom, Germany, Italy, France, or Spain
- Adhere to TikTok’s Community Guidelines
- Maintain an account in good standing
For a comprehensive understanding of the requirements, it’s advisable to review and follow all of the Creator Fund Terms.
• What is the payout from the TikTok Creator Fund?
If you generate 100,000 views on your video, you can expect to earn between $2.00 and $4.00. For a video that hits 1,000,000 views, you’ll make roughly $20 to $40.
Consistently creating content that achieves such view counts requires significant effort, and the financial return from the Creator Fund is relatively modest. Therefore, it’s worth exploring alternative ways to monetize your presence on TikTok.
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2. Make Money On Tiktok By Giffting –
Before TikTok, there was an app called Musical.ly, which was very popular for live streaming.
Even though Musical.ly changed its name to TikTok, the live streaming feature is still popular, but now it’s called “Go Live.” To start a live stream on TikTok, a user needs to have at least 1,000 followers. When you do a live stream on TikTok, your followers can send you virtual coins if they like your videos. Once you collect a lot of coins, you can convert them into real money. You can think of these coins as TikTok’s virtual currency.
TikTok users have to buy these coins, and their price depends on the size of the coin packs. After buying, the coins are stored in an online wallet. If a TikTok user likes a creator’s performance during a live stream, they can send them coins as a gift. TikTok and Google/Apple take a share of the value of these coins. Remember, if you’re a TikTok creator, you need to take good care of your audience; otherwise, they might not send you coins.
Users can use these coins to buy Emojis or Diamonds, with Diamonds being more valuable. Diamonds are only given to creators when a user feels their performance was the best. Creators can redeem these gift points whenever they want, but there is a maximum limit of $1,000 per day.
3. Make Money On TikTok By Brand Partnerships & Influencer Marketing –
TikTok is not very different from other social platforms. If you are a popular TikTok creator, you’ll quickly catch the attention of brands. They will start approaching you and may offer you brand partnerships through influencer promotions.
If you have a lot of followers and receive many likes on your videos regularly, it is likely that multiple brands will reach out to you, and they will closely examine all your activities. TikTok is not very different from other social platforms. If you are a popular TikTok creator, you’ll quickly catch the attention of brands. They will start approaching you and may offer you brand partnerships through influencer promotions.
If you have a lot of followers and receive many likes on your videos regularly, it is likely that multiple brands will reach out to you, and they will closely examine all your activities.
4. Make Money On TikTok By Participate in Brand-Sponsored Events –
Many TikTokers make good money by participating in off-platform activities. This usually happens if you have a strong reputation on TikTok. Brands approach popular creators and invite them to events or collaborations.
They offer good money to keep you involved. For example, if you are a talented musician, a brand might ask you to perform at their event. This way, you’ll not only earn money but also gain valuable exposure.
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5. Make Money On TikTok By Selling Merchandise –
If you have built a strong support base on TikTok, you can set up your own Shopify eCommerce store and sell your merchandise to your audience. By spending some time in this field, you can become a skilled marketer. You can use your TikTok presence to create a brand and sell merchandise with that brand. You just need to include some unique items in your brand that people currently like. For example, t-shirts, bands, bracelets, etc.
Make sure to remember that your TikTok followers are not here to watch ads. So, you should upload videos that promote your merchandise in an attractive way. You can also add some variety to your selling strategy, such as starting affiliate marketing. Offer good commissions to sellers who help sell your products, so more sellers will want to join you.
Additionally, use discounts and deals to boost your sales. This will encourage more people to buy your products and help you earn more.
6. Make Money On Tiktok By Cross-Promote With Other Social Networks –
This is a very old method to divert your viewers from one platform to another, allowing you to fully utilize your audience. If you have a strong following on TikTok, you can use this platform to grow your followings on Instagram, Twitter, YouTube, and Facebook. It has been seen many times that successful TikTokers also have successful YouTube channels.
By doing this, you can increase your social media followings across all platforms. Additionally, you can cross-promote your merchandise, making it easier to establish your brand identity.
7. Make Money On TikTok By Affiliate Marketing –
You can also earn money through affiliate marketing on TikTok. To do this, you need to join the affiliate program of Amazon or Flipkart. Create an account with them, and then share Amazon or Flipkart products on your TikTok account.
Whenever someone buys a product from Amazon or Flipkart using your shared link, you earn a commission.
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Final Words On 7 Proven Methods To Make Money On Tiktok 2024
While the TikTok Creator Fund provides a starting point, exploring multiple monetization strategies can significantly enhance your earning potential on the platform. By leveraging brand partnerships, selling merchandise, utilizing affiliate marketing, and offering paid content, you can turn your TikTok presence into a profitable venture. Stay creative, engage with your audience, and continually explore new monetization methods to maximize your success on TikTok in 2024.
I hope you liked my article on 7 Proven Methods To Make Money On Tiktok 2024. I always aim to provide readers with complete information on ways to earn money from TikTok, so they don’t need to search for this topic on other sites or the internet.
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Q&A About 7 Proven Methods To Make Money On Tiktok 2024
Q1. How do I qualify for the TikTok Creator Fund?
Ans – To qualify for the TikTok Creator Fund, you need :-
- At least 10,000 followers
- 100,000 video views in the past 30 days
- To be over 18 years old
- To be a legal resident of the United States, the United Kingdom, Germany, Italy, France, or Spain
- To follow TikTok’s Community Guidelines and have an account in good standing
Q2. How much can I earn from brand partnerships on TikTok?
Ans – Earnings from brand partnerships vary widely based on factors such as your follower count, engagement rate, and the brand’s budget. Micro-influencers might earn a few hundred dollars per post, while those with larger followings can command thousands of dollars. Negotiation and demonstrating a strong engagement rate can significantly impact your earnings.
Q3. What types of merchandise work best for TikTok creators?
Ans – Popular merchandise options for TikTok creators include branded apparel like t-shirts and hoodies, accessories like hats and phone cases, and novelty items related to your content. The key is to create products that resonate with your audience and reflect your personal brand or niche.
Q4. How does affiliate marketing work on TikTok?
Ans – Affiliate marketing involves promoting products and earning a commission on sales made through your referral links. You can share these links in your TikTok bio or incorporate them into your videos. To be successful, choose products that are relevant to your audience and align with your content style.
Q5. What is the best way to promote digital products on TikTok?
Ans – To effectively promote digital products on TikTok, create engaging content that highlights the benefits of your products. Use calls-to-action to direct viewers to your sales page or link in bio. Sharing testimonials, behind-the-scenes looks, or educational content related to your digital products can also boost interest and sales.
Q6. What types of TikTok ads can I monetize through?
Ans – TikTok offers several ad formats including :-
- In-Feed Ads – Ads that appear in users’ For You feed.
- Brand Takeovers – Full-screen ads that appear when users open the app.
- Sponsored Hashtag Challenges –Ads that encourage users to participate in challenges.
- TopView Ads – Full-screen ads that appear when users open TikTok.
These ad formats are typically used by brands, but you can collaborate with them if you have a strong following and high engagement.
Feel free to adapt or expand these questions based on your audience’s needs!
Q7. How can I find brands interested in partnering with TikTok creators?
Ans – To find brands interested in partnerships :-
- Join Influencer Marketing Platforms – Platforms like AspireIQ, Upfluence, and CreatorIQ connect influencers with brands.
- Reach Out Directly – Contact brands or their marketing teams via email or social media.
- Network with Other Creators – Collaborate with fellow creators who might have established brand connections.
- Utilize TikTok’s Creator Marketplace – This platform helps connect brands with TikTok creators for potential collaborations.
Q8. How do I set up a successful merchandise store linked to my TikTok?
Ans – To set up a successful merchandise store :-
- Choose a Platform – Use platforms like Teespring, Merch by Amazon, or Shopify.
- Design Your Merchandise – Create appealing designs that reflect your brand and resonate with your audience.
- Promote Your Store – Use your TikTok content to showcase your merchandise and provide links in your bio.
- Engage with Your Audience – Share behind-the-scenes looks at product creation and respond to customer feedback.
Q9. What kind of digital products sell well on TikTok?
Ans – Popular digital products include :-
- eBooks and Guides – Offer valuable information or tutorials related to your niche.
- Online Courses or Workshops – Share your expertise through educational content.
- Exclusive Content – Provide access to premium videos, templates, or resources.
- Digital Art or Music – Sell artwork, music tracks, or other creative digital assets.
Q10. How can I maximize my earnings from TikTok Live?
Ans – To maximize earnings from TikTok Live :-
- Host Regular Lives – Schedule consistent live sessions to build a loyal audience.
- Engage with Viewers – Interact with viewers in real-time and encourage them to send virtual gifts.
- Offer Exclusive Content – Provide special content or behind-the-scenes looks during your live sessions to entice viewers.
- Promote Your Live Sessions – Use your TikTok posts to announce upcoming live events and build anticipation.
Thankyou –
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