With over 10 million mobile users, TikTok is one of the most popular mobile applications in the world. It is a place where millions of people go to find funny videos, trends, and memes. It is not surprising if you want to make money on TikTok. Yet, do you know how to earn money on TikTok. This blog will tell you all. Let’s start!
4 Methods On How To Earn Money On Tiktok
Corporate With One Brand
You want to learn how to earn money in tiktok? So, you’d better know that sponsored content is considered paid collaborations between brands & creators to increase brand awareness by encouraging creator posts about their products or services.
Brands are very interested in entering into such relationships. In December 2019, 16% of U.S marketers was reported to plan to use this social media for influencer marketing in the future campaigns. Still, by March 2021, this number had risen substantially, with 68% planning on using it.
According to a study by eMarketer, companies today would prefer to work with those who have a loyal following. In particular, corporations are aware of the Covid-19 virus plaguing the social justice community and the need to find ways of combating it.
The important point is that brands seek out people they believe will help build their brand in line with their values and views on society’s issues, like keeping healthy boundaries in relationships.
They usually want someone whose followers can look up to them as an example; when you’re partnering with your business partner or influencer, make sure your views align together.
Work With Influencer
If you want to find a way to reach out to an audience on TikTok, then doing research. And, handpicking some influencers who seem to align with the kind of content your brand produce could be your best bet.
According to the study by Tomoson, videos with influencers led to five times more likes and three times more purchasing intents than a typical video.
That’s a pretty good deal! Even more amazing – half of all these businesses said that the customers gained through influencer marketing were of higher quality than customers they brought in through other channels like organic search or email marketing.
Introduce Your Products
How to earn money using tiktok? First, you have already laid the groundwork for your business by producing products or setting up a storefront. This is a great way to make some extra cash on TikTok. Just showcase all of what makes your products special by posting TikToks with them.
In case a customer is interested in your products after seeing them on your account, attach a link to purchase and related items.
Make sure also to let people know where they can buy your wares in your bio via a link.
Have Creator Fund Of Tiktok
TikTok is not only a place to discover new things, it is also a monetization avenue for content creators. They can post original, branded videos on the app.
In July 2020, TikTok informed that they’d be investing $200M U.S in a program called “The Creator Fund”. They hoped to award up-and-coming potential content creators with an opportunity to take their talents to the next level and pursue careers as social media entertainers of sorts.
This move turned out to be wildly successful and led to similar movements by other social media platforms featuring monetization features like YouTube’sYouTube’s Partner Program.
How Much Money Does Tiktokers Get In General?
TikTok has various ways of promoting brands, as well as earning profits. One way is by working as a brand partner and creating content that advertises businesses’ products such as clothing brands, snack companies, and makeup brands.
This can allow you to earn upwards of $80,000! If you have a large audience that views your work often, this could be pretty decent money. Another way to make some money off of your TikTok account is through the TikTok Creator Fund, where you can earn anywhere between 2 and 4 cents for every 1,000 views.
When you reach 1 million views, you might expect to make around $20-$40.
Who Gets The Highest Amount From Tiktok?
A new generation of social media stars is making money by posting videos on TikTok.
The highest-paid human on TikTok is reportedly dance instructor Addison Rae Esterling, who makes $5 million per year.
Coming in behind her are sisters Dixie D’AmelioD’Amelio and Charli D’AmelioD’Amelio, who make $4 million and $2.9 million per year, respectively.
Ultra-tiny Pomeranian @jiffpom has become one of the most successful furry content creators on any social media platform, with an average earning from TikTok of over $12,000 per post.
Demi Bagby is the highest-earning fitness guru on the platform at close to $3 million annually, thanks to sponsorships and ads for products such as protein shakes and clothing brands like Lululemon.
Now, you know how to earn money on tiktok? It is a lot easier than you might think. You do not need to be famous or have thousands of followers to make money on Tiktok. The fact is, you can make money on Tiktok with only a few hundred followers.
However the most important way to make money on Tiktok is making your content so interesting and attractive.
We have many tips to share, check out our How to category.
We hope you enjoy our writing on TechiestuffPH on how to start making money on Tiktok and success in your life!