Ways How To Make Money On Tiktok
Today, we're diving into the world of TikTok and exploring the best ways to make money on this platform in 2024.
TikTok has quickly become a huge opportunity for creators of all kinds, so whether you're a dancer, chef, comedian, or just someone with interesting ideas, TikTok can be a solid way to earn some cash. Let’s get into it!
Why TIKTOK?
Tiktok isn’t just about funny videos or trending challenges anymore- it’s grown into a full fledged business platform. With over a billion monthly active users, brands and businesses know they need a presence on TikTok and they’re looking for influencers just like you!
In 2024, TikTok continues to expand its monetization features offering several ways to earn. So, let’s break down some of the most popular ways to make money on TikTok this year.
1. TIKTOK CREATOR FUND
Let’s start with the TikTok Creatir Fund. Tiktok actually pays creators for views on their videos. It’s not huge money per view, but if you’re consistently getting thousands or even millions of views, this can add up.
To qualify you need to be 18 or older, have atleast 10,000 followers and 100,000 video views in the last 30 days. And remember this is just one revenue stream. Most creators combine the Creator Fund with other methods to maximize earnings.
2. BRAND SPONSORSHIPS & PARTNERSHIPS
If you have a solid following and a unique niche, brand partnerships are where the big money is. Many brands pay influencers to create sponsored content because it’s a great way to reach younger audiences. You can charge brands based on the size of your audience, the type of content and how much you’ll be doing.
If your just starting out, consider joining influencer platforms AspireIQ or Influencity. They can connect you to brands looking for influencers at all levels, not just mega-famous ones. As you grow, your rates and demand will grow too.
3. SELLING YOUR OWN PRODUCTS OR MERCH
Creating your own merch or products can be very profitable if you have a dedicated following. You don’t have to be a big time influencer to sell. Tiktok makes it super easy for creators to link their Shopify stores or use TikTok Shopping to showcase products directly.
From digital products like ebooks, workout plans or even online courses to physical merch like T-shirts or accessories - there are endless possibilities here. If your audience loves what you do, they’ll likely want to support you by buying something unique from you.
4. GOING LIVE FOR GIFTS AND COINS
Another fantastic feature is TikTok Live. When you go live, viewers can send you “coins” and virtual gifts which you can convert into real cash. Live streams are a great way to connect more personally with your followers, answer questions or just hang out with them. The more engaging and fun your livestreams, the more likely people will support you with these gifts.
5. AFFILIATE MARKETING ON TIKTOK
If you’re already into affiliate marketing, TikTok is a great place to promote products you love. By joining affiliate programs like Amazon Associates, ClickBank or other niche specific ones, you can earn a commission whenever someone buys a product through your link.
Just add the link to your bio, or if you have a Linktree, use that to list multiple products. When you create a TikTok video about the product, be sure to mention how they can find the link to make a purchase.
6. TIKTOK’s NEW SUBSCRIPTION FEATURE
Tiktok has introduced subscriptions where your followers can pay a small fee every month to access exclusive content from you. It’s a way to get a recurring income from loyal fans and give them something special, like behind the scenes footage, exclusive live streams, or even personal shoutouts.
Subscriptions are perfect if you have a dedicated audience who love what you’re doing and want more exclusive content from you.
Alright, those are some of the top ways to make money on TikTok in 2024! There are plenty of ways to earn, no matter what your following size is!
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