TikTok is one of the fastest-growing mobile apps around, and it’s not slowing down anytime soon. With a global user base reaching 500 million people, it’s clear that with TikTok, audiences can find original and entertaining content that connects with them. If you are looking for ways to make money on TikTok, you landed right in the right place.
One of the features that make TikTok a fun and powerful app is the monetization option. As opposed to other social networking apps, TikTok makes money-making through social media very convenient. Users can easily create an account on the platform, create their first post, and start earning some dough before they even know it.
When it comes to making money on TikTok, most people believe you have to be a famous/popular influencer who is friends with everyone or someone who can get verified by TikTok (which is important, but not necessarily a requirement for making money on the platform). While these are certainly ways to gain an increased following and income, getting verified on TikTok is not a guaranteed way to make money on TikTok.
If you’re a new TikTok user, here are 10 sure ways to make your first $500 on TikTok.
TikTok Business Ideas: Best Ways To Make Money On TikTok
TikTok, formerly known as musical.ly, is a mobile app and social network with millions of users, created in 2016 and originating from China. How do you make money if you’re doing business on TikTok (and every business needs to be on TikTok right now)?
Making money on TikTok has been difficult for most; however, if you follow these methods, you too can easily make money on TikTok. Here are the 10 best and easiest ways to make money on TikTok in 2023.
1. Become A Consultant
TikTok is a social media platform that encourages talent and crazy content. However, you can also use this platform to promote your online business.
Consultants on TikTok can earn money in two ways: making ads for brands or getting people to subscribe to their page for a fee [$9.99/month sounds good right].
One of the most successful consultants on TikTok right now is Miss Excel [@miss.excel]. This proves that TikTok, despite its massive young audience is the right place to be as a consultant.
The first step towards earning money as a TikTok consultant is to build your audience. You need to create a personal brand for yourself and start posting videos that engage viewers and add value.
Your audience should know that you are someone with a lot of expertise in this domain, so it’s best to post videos about topics that are related to TikTok and social media marketing.
Once you have established yourself as an expert in this field, you can start pitching brands and agencies who might be interested in signing you up for their services or selling your product or service to your TikTok audience. You can also create your website or Youtube Channel where you offer consulting services such as business growth and optimization, and link it to your TikTok account.
2. Start A Talent Management Agency
Like I said earlier, TikTok is a social media where young talent thrive, which makes it the best place to find and recruit young talents with potential. You can have a diverse portfolio of talents and help them build their careers.
Talent agencies reach out to influencers, help them grow their audience, and charge a commission fee for their hard work.
How much can you make as a talent agency? One agency owner told me that they generated $15,000 in one day by helping an influencer negotiate a sponsorship deal with his favorite brand.
As a talent manager, you must negotiate deals and agreements on their behalf, find partnerships with brands that match their image and follower interests, discover new and exciting ways to make money (for both of you), ad advise them on a content strategy to enhance their exposure and engagement.
Performers can earn through ads, subscriptions, and merchandise sales paid for by fans on TikTok. They can also get paid for shows that they perform in front of live audiences. But you’d always get a fair percentage of their earnings as their manager.
Although it is a bit technical, being a talent management agency can be a great way to make money on TikTok. If you’re looking for a way to leverage your TikTok audience, this can be a powerful model that works well.
3. Sell Your Products
The best way to make money on TikTok is by promoting your products through videos. You can also promote other brands and do affiliate marketing but promoting your products or services is the best way to make money from TikTok.
If you’re a business owner, it’s important to understand that people don’t like to be sold to. However, they love to buy. So, if you’re selling your products on TikTok, show them how it can be used in real life rather than just saying that this is an amazing product.
So, how do you promote and sell your products on TikTok?
One way is to create videos that showcase your products and include links to your store in your video description. You can also make a video showing you behind the scenes of how your product is made, which will help people get excited about buying it.
Another way is to use TikTok’s ad platform to promote your products. TikTok ads work similarly to Instagram ads where you create a video ad that directs people to a landing page where they can buy your product.
You can either take orders in TikTok or direct your TikTok audience to your website to complete their order. If you want to start your online store with no upfront cost and no risk at all, I recommend Shopify.
With Shopify, you can sell anything from anywhere and create a side-hustle for yourself. If you’re not a big fan of Shopify, then you’ll love our post on the best e-commerce website builders for business.
4. Become A TikTok Influencer
Becoming a TikTok influencer is another exciting way to make money on TikTok.
The most straightforward way to make money on TikTok is to grow your following and become an influencer. If you’re already a well-known personality, this is the easiest way to make money on TikTok. You’ll be able to work with brands that are willing to pay you to promote their products.
TikTok is a platform where anyone can be an Influencer. Becoming a TikTok Influencer is not as complicated as it seems, anyone can build and grow a successful TikTok page. If you plan to become a TikTok influencer, here are a few tips that would help you attain faster growth.
- Be creative: Make exciting posts that will get people talking and sharing them with their friends.
- Post regularly: Posting once a week is not enough, and posting more than this will make you stand out from the influencers.
- Get feedback: Make sure that people give you valuable feedback on your posts. This will help you improve your content while also earning the appreciation of your fans and followers.
- Use hashtags to acquire more visibility: Use hashtags every time you post a video.
If you’re thinking of making money as an influencer, then it’s a good idea to start on a smaller platform where your posts can gain traction and grow in popularity before moving onto TikTok.
When you’re just starting, it can be difficult to find brands that are willing to collaborate with you. But once you have a following, brands will reach out to you asking for a partnership.
5. Join The TikTok Partners Program
TikTok partners program is another way to earn money through the app. If you are accepted into the program, you will be able to monetize your videos by placing ads on them.
TikTok Partner Program and branded content allow creators to collaborate with brands and promote products or services. This feature allows users to make passive income from their TikTok page.
Many celebrities choose to join this program because they can make money from their fans while on vacation or not working. In addition, they can create more exposure for themselves and continue building their fan base without being active on the platform every day.
However, the TikTok Partner program isn’t available to everyone, your account has to have a minimum of 10,000 followers and 1,000 likes per video. You need a lot of followers to get accepted into the program, and only a few people get accepted every day. So, this might take some time before you’re accepted into the program.
If you don’t have these numbers yet, the good news is that there are other ways to start earning money on TikTok. You can also start collecting donations for putting out quality content.
6. Collect Donations From Your Followers
Many people have used TikTok as a way to share their talents with the world, while others have simply used it as a way to show off their personalities and make other users laugh. Whatever your reason for using the app, there are many different ways you can earn money with it.
Collecting donations from your followers is a stress-free way to make money on TikTok. There are a lot of people who need help and are ready to donate to others in need. If you have a loyal audience, you can share your story and ask for help. You should be honest and ask for help only when there is a real need for it.
You can collect donations from your followers to support a good cause like helping cancer patients, planting trees, or feeding homeless people.
7. Publish Sponsored Posts/Paid Promotions For Brands
Just like any social media platform, you can create sponsored content on TikTok and be paid by brands for promoting their products or services in your videos.
If you are a blogger or vlogger and want to make more money online, TikTok is one of the best ways to reach more people and connect with brands. This method is quite similar to influencer marketing.
Unlike influencer marketing where the brand tells you what to say or do, sponsored posts allow you to give your followers an honest review of the product.
Sponsored posts are usually written by the influencer themselves, rather than being created by the brand and then shared on their accounts. Sponsored posts usually contain text, images, or video
You can begin collaborating with smaller brands to build your portfolio. Reach out to local businesses in your area to see if they’re interested in being featured on TikTok. It can be a good idea to charge a minimum fee to get started and then work your way up once you’re recognized as a TikTok creator.
8. Grow and Sell TikTok Niche Accounts
Selling TikTok accounts is a great way to make quick cash from TikTok. This is a brilliant way for students and teenagers to make money on TikTok.
Selling or growing a TikTok account isn’t rocket science. There are millions of companies, brands, and agencies that would like to be present on TikTok but do not have the time or resources to create, manage, and upgrade their account. Why not offer them a quick path to TikTok growth? You can do this by expanding and selling TikTok accounts.
People have been building and selling social media accounts for some time now to make money. To sell TikTok accounts successfully, you need more than just an attractive video offer on your account. It would be best to have a specific focus and dedicated following.
Topic or Niche accounts are easier to sell because the buyer can still create the same content after purchase to get followers.
For example, if you sell an account that has short videos about gaming consoles, the brand you’re selling to may continue posting the same type of videos and content in the future.
9. Make Money Promoting Music
TikTok has made the weirdest stuff go viral and music is no exception. Take advantage of this and make some money by promoting your music track. Promoting your music is another fun and exciting way to make money on TikTok.
You can get paid for your music on TikTok by simply licensing it directly to advertisers looking for original music for their ad campaigns or sending your followers to Spotify or iTunes to stream your song.
So, how do you promote a song on TikTok?
All you have to do is get the link to your song and post it as a lyric video, then promote it in all possible ways. Do not forget that the title of your music track should be catchy so that it will get more attention than others in the same category.
You can also increase your views by changing your video quality and adding relevant tags under the video.’
However, if you cannot get enough views and likes, try doing collaborations with other artists and musicians. This will surely lift your visibility on the app. Make sure you get the best out of this opportunity by capitalizing on it.
10. Join TikTok’s Creator Marketplace
Unlike other social media platforms, where you have to grow your account before any brand would consider working with you, TikTok has made it easier for big brands to tap into its creator community through a new Creator Marketplace.
Creator Marketplace also allows creators to sell physical merchandise such as clothing and accessories and digital content such as stickers, music, and animations.
To qualify, you will need to have at least a hundred thousand followers. Creator Marketplace comes with an analytics tool for businesses that assist them in identifying your engagement reach, views, and demographics.
TikTok’s Creator Marketplace is a new way for brands to connect with TikTok creators. This is an excellent opportunity for anyone who wants to make money on TikTok.
This marketplace allows you to make money using your creativity and talent. You can easily monetize your content by uploading a video, picture, or live stream that you think will do well on the app. Although there are ways to make money with TikTok without uploading videos, using the TikTok creator marketplace is the easiest way to get started and make money fast.
Tik Tok is one of the fastest-growing social media apps in the world and it’s not hard to figure out why. The app’s simple interface and endless opportunities for monetization have attracted millions of users globally.
Many brands, companies, individuals, and public figures have been having success on TikTok by using trending hashtags to reach potentially millions of viewers.
If you have a knack for making your content, there’s no reason not to try and make money off of TikTok. This platform is still in the early stages of its development cycle, meaning there are a lot of opportunities to make money.
Exploring the wide range of possibilities will take some effort and research, but it’s well worth the time if you’re serious about making money on TikTok.
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