Methods to Make Money on TikTok in 2023

TikTok is one in all the fastest-growing and newest social media platforms with users from many generations. There are several ways you’ll be able to generate income on TikTok as an influencer or business owner once you’re not camera-shy.

Some options allow you to start earning rewards without an audience. In other situations, you need to use your TikTok presence to direct traffic to your existing website. 

10 Best Ways to Make Money on TikTok

There are a selection of how to earn income from social media whether you’ve gotten a brand new or established channel.

1. Seek the advice of Latest Channels

Consider being a TikTok consultant, after becoming quite acquainted with the platform and possessing the abilities so as to add followers. Latest channels and people with stagnant growth hire consultants to bring fresh ideas and look for methods to enhance future videos.

Consulting and marketing are high-income skills that may aid you make loads of money in most niches, including social media videos. 

Your primary tasks normally entail:

• Branded Effects (2D, 3D and augmented reality [AR])
• Branded Hashtags
• Create content ideas
• Manage ad campaigns

The channel owner will implement your creativity to assist viewers interact with their videos. You can too help them reach more potential followers by increasing the variety of impressions from individuals who haven’t visited the platform before.

Consider reaching out to channels directly or working through a consulting agency. One other possibility is by bidding for assignments on Upwork which may be a superb platform for brand spanking new and experienced freelancers.

2. Earn TikTok Coins

Viewers can donate TikTok Coins during live streams or uploads when your channel has at the least 1,000 followers. That is the minimum channel size to start out hosting live videos and you’ll be able to receive as much as $100 per transaction in customer suggestions. 

Fans buy coins they’ll donate to their favorite creators as they please while watching videos. That is an exciting choice to get money from strangers although you need to be at the least 18 years old to gather donations.  

The digital currency deposits into your TikTok Diamonds ledger. Ultimately, you’ll be able to receive diamonds from other activities and convert these units into real money through PayPal.    

3. Enable TikTok Ads

Channels with over 100,000 followers can apply for the Pulse program to run monetized ads of their videos. If approved, you’ll be able to earn as much as 50% of the ad revenue.

Posting ads is an efficient solution to generate consistent income although the TikTok strategy is for well-established channels. Further, the platform tends to publish ads in the highest 4% of videos to get essentially the most exposure.  

You can too pay to create your individual ads so your small business can get more exposure. It’s also possible to advertise your channel and self-produced content that’s exclusive to TikTok. This feature costs money but can expand your brand and increase your audience size. 

In my experience, ads are a simple solution to generate income but they may be annoying to your viewers however the income potential is comparatively low with a small channel. Because of this, this high qualification standard helps make sure you don’t run ads until you’ll be able to earn a respectful income.

Until you get a giant channel, you’ll be able to be more successful by promoting products or offering services that help your users are willing to pay for.

4. Join the TikTok Creativity Program

The platform offers the Creativity Program (previously the Creator Fund) that awards high-performing content with a monetary payment. The income potential relies on the extent of user engagement and the way long they spend watching it.

That is essentially the most common way for a lot of to receive money directly from TikTok as an alternative of viewers or brand sponsorships.

You’ll be able to apply after satisfying these requirements:

• Have at the least 10,000 followers
• Receive at the least 100,000 video views within the last 30 days
• Are at the least 18 years old
• Live in the USA

Videos longer than one minute can generate income because the platform seeks to encourage in-depth content so users spend more time on the positioning. This platform is known for brief videos but desires to expand its offerings to draw more users.

The minimum redemption is $10 and your funds are withdrawable by PayPal or Zelle. Your funds are payable 30 days after the month ends.

5. Manage a TikTok Account

Serving as a social media manager may be an easy side job where you interact with viewers so the channel creator can concentrate on producing videos. One option is serving as a TikTok moderator by managing comments during live streams. 

Typically, the channel owner hires you directly and transfers certain permissions to your account. Chances are you’ll also have the ability to access the channel’s TikTok Ads account to design and schedule promoting campaigns. 

Creator and business accounts even have analytics tools which you can use to learn more concerning the average channel viewer. Depending in your client’s needs, it’s possible you’ll also manage ads or generate activity reports that help the channel owner assess the viewership trends.

5. Partner with Brands

Content creators and influencers can partner with brands to supply sponsored videos. Typically, you’ll mention how a particular services or products solves an answer or review a product. Video makes it easy to display the usefulness and value of a featured item.

The standard way of forging brand partnerships is to speak directly with a brand. Typically, you’ll receive pitches from firms as your channel grows. You’ll be able to charge more as your broadcasting reach expands.

Another choice is to attach through brands on the Creator Marketplace. Only personal accounts can apply presently. Firms may reach out to you to run a brand campaign where you run videos for a set amount of cash. Chances are you’ll also have the ability to gather suggestions.  

I just like the marketplace feature as it may be easier to study latest brands in your area of interest. It might probably even be easier to succeed in media contacts once you don’t have a networking connection. Further, this platform has tutorial videos that may aid you learn tips on how to negotiate with brands.

There are several other ways you’ll be able to advertise for firms on different online and native platforms. Diversifying your income streams can aid you generate recurring revenue.  

7. Refer Friends to TikTok

The TikTok Rewards loyalty program is open to all users even when you’ve gotten no followers. Nonetheless, it’s possible you’ll have to be at the least 18 years old for certain point redemption methods.

This program helps you to earn reward points by referring friends to hitch TikTok. There isn’t any limit to what number of latest users you’ll be able to refer in most countries but they need to use your link inside 24 hours of downloading the app. 

Simply send your unique referral link or invitation code by text or email. Along with earning refer-a-friend points, you’ll be able to collect bonus points by watching videos every day and completing other short tasks within the mobile app.

The pay potential isn’t the very best, but it surely’s free money as you don’t need to create content to earn. Your redemption methods include PayPal Money, checking account deposit, coupons and mobile top-ups. The precise options differ by country.

8. Sell a TikTok Account

When you get a giant channel or earn consistent revenue, you may consider selling your TikTok channel to a different entrepreneur willing to expand it to the following level. This income strategy can take months or years although it may be a fun solution to flip money.

There are several online marketplaces where you’ll be able to list your channel. I suggest researching a number of platforms to match current prices and seller fees. Using one which verifies that seller and buyer’s profile can aid you avoid scams as well. 

For instance, you’ll be able to earn roughly $10 for each 10,000 followers. Most individuals wait to sell after they have at the least 100,000 followers and make $100 or more. 

You’ll be able to charge more if you happen to earn consistent revenue, corresponding to an ongoing brand partnership. Another choice is to incorporate your TikTok account when selling your entire business. The transaction may additionally include a profitable blog and social media channels.

This pay potential is smaller than other money-making ideas on TikTok but it may be higher than closing your account as you receive a final reward to your labor.

9. Sell Products

Video helps you to interact with potential customers in additional ways than written posts or photo ads. It’s a major opportunity to direct viewers to your enterprise website or a web-based marketplace to sell products from home.

The truth is, the social media app states, “While TikTok has been great for individual growth, it has also helped many homegrown brands to flourish. Starting your individual small business is probably the most popular ways you’ll be able to earn money on TikTok.”

Chances are you’ll consider referencing or linking to those platforms:

• Amazon store
• Business website
• Patreon channel
• Personal blog
• Substack  

Your promotional capabilities can depend upon whether your channel is a creator or a business account. There are several overlapping tools but each has different analytic and monetization options.   

Another choice for small channels with lower than 1,000 or 10,000 followers is to pay for promoting. Your brand will likely be visible on regularly watched videos. Consider spending a small amount for several ads to see which of them spark essentially the most engagement.

10. Use Affiliate Links

Internet affiliate marketing is one other effective solution to earn money as you’ll be able to earn high-paying commissions and don’t need to make a product. With this strategy, you’ll be able to include a referral link in your TikTok bio when you’ve gotten at the least 1,000 followers or a business account. 

You can too mention website addresses in your videos but are unable to incorporate clickable links. While you’ll be able to generate traffic from verbally mentioning a link a time or two, it’s possible you’ll include visual clues that help the viewer accurately spell and remember it to go to later.

Think about using a TikTok template which you can download from Canva and other free or premium platforms that makes it easier to focus on where you wish viewers to go next.

You should have more success with this strategy when you’ve gotten a big following and videos that appear at the highest of the algorithm. That’s because not every viewer will click through your link but a high volume means more potential conversions.

Steadily Asked Questions

Below are several questions that TikTok content creators ask about how much money you’ll be able to make on social media.

Can You Really Make Money on TikTok?

There are several ways to earn a small income from TikTok. It’s necessary to diversify your income streams and keep in mind that you won’t get wealthy quickly. 

Further, it is simpler to earn more per video once you’ve gotten 10,000 followers as you’re eligible for more programs and types usually tend to sponsor your channel.