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7 ways how to make money on TikTok

There are hundreds of funny videos on TikTok. TikTok allows companies to commercialise their products and services and earn money. The platform also allows creators to earn through their audience when they advertise brands’ products or services.

Creators can earn on TikTok in 7 ways:

1 By joining the TikTok Creator Fund

2 Going live and collecting virtual gifts

4 Collaborating with various brands in the TikTok Creator Marketplace

5 Selling goods to users

6 By becoming consultants

7 Influencer Marketing

By joining to the TikTok Creator Fund

TokTok Creator Fund is not an advertising subsidy programme. Creators receive income from their videos based on various elements. The Creator Fund is a means used by TikTok to thank creators for their creative videos.

Going live and collecting virtual gifts.

For creators, going live is a way to make money on TikTok. Creators must have a minimum of 1000 followers to be able to publish content. Followers can donate ‘coins’ to creators. 100 coins of $0.99 can be purchased. After a creator has obtained a certain number of coins, they can exchange them for real money via PayPal.

Collaborating with brands in the TikTok Creator Marketplace

Creators can apply to become a TikTok Creator Marketplace if they have at least 100,000 followers. This allows creators to work with brands and sponsor products or services. Creators with videos dedicated to brand sponsorship can earn $1,000. By contrast, with videos in which they sponsor apps, they can earn between $100 and $250.

Earning with ads on TikTok

Ads on TikTok are a means by which companies increase their notoriety among their customers. Creators use TikTok for Business to earn money through in-feed video ads, or brand acquisitions.

Selling goods to users

TikTokers can sell sweatshirts, sweatpants, or even smartphone cases to their followers. Creators do not have to have millions of followers to sell merchandise.

Becoming a consultant

If a person is an expert on TikTok, there are many brands that might hire them for their services. This is a good way to use one’s expertise and increase revenue.

Influencer Marketing

Brands are always looking for influencers who have thousands of followers. Influencers have to relate to brands in one way or another. Influencers can earn thousands of dollars for a single post, depending on the number of followers and engagement. 

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