TikTok is the most popular social media platform in the world. With hundreds of millions of users worldwide creating and sharing content, TikTok has created a unique opportunity for social media influencers around the world to monetize their content and begin earning money on social media. Whether you’re a creative individual making singing, dancing, or other artistic TikToks or have an existing business you’d like to promote on the app, there are plenty of ways to monetize your activity on TikTok.
In this article, we’ll look at three popular strategies that can help you capitalize on the newest medium for users around the world. Keep reading to learn more!
Partner With Brands
Social media apps like TikTok have become a powerful tool for individuals to leverage their influence in the online world. One easy way to expand your reach and monetize your platform is by partnering with brands and creating sponsored content. From fashion to technology and everything in between, brands of all sizes are constantly seeking collaborations with content creators and social media influencers who align with their values and target audience. By working with these brands, you get the chance to showcase your creativity and expertise, expand your audience, and increase your credibility. Remember, sponsored content should always feel authentic and transparent to your followers to maintain their trust. Start exploring potential partnerships now and take your influence to the next level!
Promote Your Business’s Products or Services
If you own a small business or large company like The Bunion Cure, advertising your products and services via short videos on TikTok is one of the best ways to boost sales. Short videos are becoming increasingly popular as a powerful tool for businesses to showcase what they have to offer in just a few seconds. Not only are they quick and easy to produce, but they are also highly shareable and can be posted on various social media platforms, providing a gateway for even more exposure. By creating compelling short videos that highlight your unique selling points and the benefits of your products or services, you can capture the attention of your target audience and drive more traffic to your website. So why not give it a try and see for yourself how short videos can help you promote your own products or services?
TikTok Creator Fund
On July 22, 2020, TikTok announced their new Creator Fund, pledging to give $200M U.S. to “encourage those who dream of using their voices and creativity to spark inspirational careers.”
The internet—and the world—ate it up, and only a week later, they announced that the fund would grow to $1B U.S. by 2023. So how do you get your hands on that sweet creator cash? The app has a few boxes you have to tick before you can start making :
- Be located in the US, UK, France, Germany, Spain or Italy
- Be at least 18 years of age
- Have at least 10,000 followers
- Have at least 100,000 video views in the last 30 days
- Have an account that abides by TikTok Community Guidelines and terms of service
You can apply for the Creator Fund through the app (you’ll need to switch to a Pro Account if you don’t have that already). Click on Creator Tool and then TikTok Creator Fund to send in your application.
Sell products directly through TikTok
TikTok Shop offers brands the opportunity to integrate ecommerce directly into the app — it’s like your own little digital storefront.
Brands can also collaborate with creators to sell products through their channels. You can showcase and sell your products via your TikTok videos, TikTok Live, and the product showcase tab.
If you are a Seller, you must be located in the UK, Chinese mainland, Hong Kong, or Indonesia. You must also be able to prove it with a phone number from that region, a certificate of incorporation for your business, and identification.
Collect Gifts From Your Viewers
Gifts are a way for viewers to show their appreciation to creators. It’s a little bit convoluted but stay with us here because, ultimately, gifts from the fans turn into cash money for you.
1. TikTok users purchase “Coins” from TikTok that they can use to buy virtual Gifts.
2. When they’re watching a Live stream or a video that they think is really amazing, users can send that “gift” to the creator. (Only creators who have signed up for TikTok Creator Next access will be able to receive gifts, though.)
3. Those “gifts” then get converted into “diamonds,” and once a creator has enough “diamonds,” they can cash them in for real, actual money.
Become a TikTok Tutor
One of the most surprising ways for college students and individuals of all ages to earn an income on social media is by becoming a TikTok tutor. Have you ever thought about sharing your skills and knowledge with the world? TikTok is the perfect platform to showcase your expertise and help others learn something new! With virtual classes becoming the new norm, you can easily become a TikTok tutor and offer your talents in coding, graphic design, and music production to a larger audience. Imagine how fulfilling it would be to see your students succeed and create their own masterpieces. You don’t need to be a professional teacher to become a tutor on TikTok – all you need is creativity, passion, and a willingness to share. So, what are you waiting for? Start your virtual classroom today!
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