Social media is getting bigger each day. On various blogs, you’ll see many people talking about how they have made money on different social media platforms including TikTok. Making money from these online platforms is not hard. But it takes a significant amount of time and effort, especially in the beginning to start earning from these online platforms. Which brings us to the topic of this article: how to make money from TikTok.
Also Read: How to delete a TikTok video
Ways to Make Money on TikTok
TikTok isn’t just a platform for content consumption but also a way for content creators to earn money. With brands focusing on TikTok, many creators are looking for opportunities to monetize their content. Unfortunately, unlike YouTube, TikTok does not offer creators monetization of their videos on the platform.
But, there are some other ways to make money on TikTok. So, if you’re interested in joining the platform and wants to figure out how to make money then read this entire article.
Become an Influencer
Becoming an influencer on TikTok is a legitimate way of earning on the online platform. An influencer is someone who can persuade other people buying decision through their popularity, credibility and relationship with their audience. But to become an influencer you have to build an online presence on the platform which can be built by creating viral and good content.
So, choose your niche before creating an account on TikTok and create such type of entertaining content which can attract a large audience. Once you’ve got a good amount of following then brands will approach you and offer you deals. Through these brand promotions, you can earn a good amount of money. A lot of TikTok creators in Pakistan are earning money through brands deals and sponsorship. You just need to put time and effort into your content.
You can also link your Instagram and YouTube account and other revenue-based channels to your TikTok account and can direct the traffic from TikTok to other online platforms in order to increase your earnings.
This feature of TikTok is quite fascinating. TikTok users can go into their profiles and can buy coins via in-app purchases. When a content creator goes live and starts interacting with the followers, the followers in return send these coins to the content creators to show their appreciation. Now, this is where it gets interesting.
The creator will change those coins into diamonds and those diamonds can be converted into cash via PayPal. A lot of Pakistanis don’t have PayPal but any creator with PayPal can use this way to make money on TikTok.
Growing Accounts and Selling Them
This method is becoming more and more popular in e-commerce or product space. Just like Instagram, people create an account and start uploading the content which will go viral. When people have following for certain interest or product, they reach out to brands of that specific industry and sell them their accounts.
People have done this with their Instagram profiles and Facebook pages and it is the legitimate way of making money on TikTok.
Selling your own Ventures
This is probably the most realistic way of making money via TikTok. Without having a huge following, you can use TikTok to promote your existing business. As TikTok is a free platform and anyone can use it to promote and sell their products or online services to the app users.
For example, if you have an online store for shoes and wants to promote your business, you just need to upload a video of your product and provide a link of your website or Facebook page. Through this way, you can turn your followers into customers and you don’t have to pay for business promotion.
Offering Management Services
Some creators on TikTok have millions of followers and things happen so fast in this space for the creators. It’s like having a business land in their lap. If you have expertise in video production and storytelling then you can offer your services to such creators. You can offer your services to help them with their content strategy and creation. Also managing offers and deals that come their way.
Brands and sponsorship deals are the major sources of income for content creators on TikTok. So, creating such a profile which attracts a large audience is a must for making money on this online platform.
This is all about how to make money on TikTok. If you have any query then ask it in the comments section and pass it along to your friends if you have found this article helpful.