Can You Make Money On TikTok? 9 Ways Of Making Money
As you know due to the Coronavirus context TikTok popularity increased a lot worldwide, however can you make money on TikTok it's a question more and more people ask themselves. Social media already proved that it can be a big source of income if you know how to use it in your favour and also it becomes more powerful as days go by.
If you remember first days of Instagram you will know the potential TikTok has, because it's a pretty new platform which doesn't have so much content, that's why people get crazy engagement and views to their videos. So in this post I will try to give you multiple methods on how can you make money on TikTok.
Can You Make Money On TikTok? 6 Methods People Use To Make Money Online
First I will show you free methods on how can you make money on TikTok, then we will talk about a very cheap but strong method to make money online on TikTok.
1. Dropshipping on TikTok
Dropshipping business model is one of the most profitable domain nowadays, this industry just exploded in the last years and for sure it will work in the next years too. If you don't know how dropshipping works, it's pretty simple to understand and get started with. Basically all you have to do it's to find a product you like and then start promoting it on TikTok, you don't need to own the product, you don't even need to deal with shipping or other legal stuffs because the supplier will make everything for you. To choose a product you have to go on Aliexpress and start looking for a product. When selecting a new product you have to pay attention to the following:
- It needs to solve a problem
- It cannot be bought from shopping malls or other stores people can have in their cities
- It must looks good
2. TikTok Influencer Marketing
As it works on other social media platform, Influencer Marketing is the same for TikTok. To get started with this method you will have to create a free account on the platform, pick a niche and then start create engagement content for this particular niche. One of the biggest influencer campaign on TikTok was made by Mucinex which worked with few influencers to promote their product between Halloween and flu session. You can see below a campaign made by OurFire (a TikTok account with more then 2.4 million followers), where they wake up as a zombies then after they used Mucinex product everything comes to normal.
As you can see TikTok is exploding these days and if you want to establish your presence in this platform there is no time more perfect than now.
3. Growing accounts and selling them
This is another popular method in social media which is used by a lot of people not only on TikTok but on Instagram, Twitter and Facebook too. The main difference between these platforms is that on TikTok you can grow a channel very fast because the platform is pretty now. There are a lot of tricks to boost your account:
- Make your profile picture friendly
- Use popular songs on your videos
- Make engagement content - to take the most advantage of this method you will have to focus on creating viral content, in this way you can be pretty sure that your account will grow more faster
- Use popular hashtags
- Post everyday and also you have to find out the perfect time for your posts
- Make the most of viral challanges
- Use Instagram and Youtube to share your content in order to get even more followers.
There are already a lot of people who use this method right now and they are making thousand of dollars because you can grow multiple channels in the same time and then reach to company in your niche and try to sell your account to them. This is a win-win situation because your earn money for your work on the channel and also the company can start selling their products right away.
So if you’re using TikTok on a daily basis, and you just want to grow a channel around a particular niche, go for it and then start looking for brands who would love to have access to those followers and sell them your account.
4. Donations on TikTok
It doesn't sounds so cool, right? The truth is that this feature it's a built-in functionality almost from day one of the social media platform, let me explain how it works.
As you maybe already know on TikTok you can buy Coins for almost $1.40 you get 100 Coins. Then when your favorite creator goes live you can give coins for his/her content as as a way of giving thanks for all of their effort in creating the content they do, then the creator transform the coins in diamonds. All the diamonds you have in your account can be withdraw using your Paypal account. Another nice feature (which is available only on Chinese version of the app named Douyin) is when a creator go live, they can attach a cart link to their live and people can buy their products directly from live video and I am thinking this feature will be available soon on worldwide platform too.
5. Management Services
It's a well known fact that TikTok accounts can get millions of followers overnight, so creators find themselves in a situation where they need to create new content every day, respond to their followers and create new strategies. If you are that type of person who knows how TikTok works and you are able to offer this type of service, just go and reach these accounts who get a lot of followers overnight and propose an offer.
6. TikTok Ads
There is no need to say how TikTok ads are working because it's the same process on all social media platforms. Being a pretty new platform you can experiment and find out if you can sell more products using the TikTok platform. The best asset you have when it comes to social media ads is that TikTok media is cheap compared Facebook, Instagram, Youtube or Google. Cost per thousand impression go up for $4 on Facebook, but on TikTok it costs only $1 which is creazy because you can get to more people with less money.
7. TikTok consultant
Once you become a pro on TikTok, and you really understand how someone could take a video that maybe gets a hundred views and help them get 50,000 views, this is the perfect time for you to offer consulting services. As you knwo consulting services are very expensive especially if you offer consulting in social media which is one of the most profitable space on the Internet. The best thing about this method it's that after you help few people on getting more followers and views on their account, they can recommend you to other people, so you can make your own network very fast.
8. Sponsored Posts
This is another profitable method to use on TikTok because more followers you have more money you will make. According to Business Insider you can make an average of $0.01 to $0.02 for each sponsor view you get on TikTok. For instance if you have a video with 100.000 views you can make up to $1000, just for one video which is crazy considering the ease with which you can get views on your videos.
The best part is that you don’t need to have millions of followers before you can pitch to brands. All you need are a few thousand engaged followers and you are good to go.
9. Affiliate Marketing
If you don't know how affilaite marketing works, let me explain you. In order to make money online with affiliate marketing you will have to promote other people products, services or courses and get a commission for sale. Most of the affiliate programs pay between 30% - 75% in commission for every single sale you make, some of the programs have a recurring subscriptions so you can make money every month just by promoting the product or service.
Maybe TikTok is one of the best platforms you can use as a beginner affiliate marketer because videos get very fast engagement.
As I said earlier in this post I will show you a paid method on how can you make money on TikTok. In order to get access to this method and also to become affiliate for this program you just need to buy this 15 Seconds Leads course which costs only $1. For $1 you will get access to a brand new method on making money on TikTok also you get access to a 15 day free training which have great information, Dave (the author of the program) will teach you all the core fundaments to get started with affiliate marketing, also you can check this Legendary Marketer review to understand better how this program can help you.
I hope you find this article on how can you make money on TikTok useful and let me know in the comments section if you have any questions.