Make Money on TikTok: 10 Efficient Ways!

Do you spend a lot of time on TikTok?  Whether it's the dance routines, inspirational videos, or niche memes, TikTok has become a platform we all have heard of. As you can tell, TikTok is great for entertainment and can ensure a good time. 

You have likely heard the phrase, "Time is Money." Did you know you can monetize your TikTok account while catching up on all the fun the app offers? There are many different ways to make money on TikTok.

This guide contains some of the best techniques to earn money on TikTok efficiently. So, let's get going!

What are the ways of making money on TikTok?

1. Creating Content:

You can make money on TikTok by creating the content you're enthusiastic about. Make engaging content and increase your chances of going viral. A strong presence on TikTok will go a long way as you can also approach brands as an influencer and unlock more monetizing approaches.

2. Setting Up a Shop:

After it's team up with Shopify, the TikTokers can become official platform merchants. Becoming a merchant on the app allows you to sell directly on TikTok.

3.  Collect Tips:

If you don’t have any clear direction about products to sell, there is still a way to make money off the app. You could ask your followers to give you tips to support your content. However, this method is unorthodox, and your money will depend entirely on the amount your followers tip you.

4. Promote Your Content on Other Platforms:

The money you make on TikTok depends on your visibility and fame. A great way to improve your presence on TikTok is to post your TikTok videos on other social networks. Facebook and Instagram are great platforms since they have many users and can ensure high activity on your videos.

5. TikTok Consultant:

You can become a TikTok consultant and advise brands on how they can capitalize on the app to sell better. When beginning their activity on the platform, many brands find themselves clueless about expanding their content and selling their products. As a TikTok consultant, a brand will hire you to create relevant content and make content strategies according to the platform’s way of working.

6. Work as an Influencer:

Brands are looking for influencers and have deep pockets to fund influencers to help them reach prospects. You can work as an influencer if you have a considerable follower count.

On average, a TikTok influencer makes 1-2 cents for every sponsored view. If you hit 100K views, you could earn up to $1000!

7. Earn TikTok Coins:

Anyone with an account on the platform can buy the virtual currency of the application.

Whenever someone does a live video on TikTok, your audience or other TikTokers can send you virtual gifts that must be paid for with the app’s currency. However, you will need at least a thousand subscribers to go live.

8. Grow and Reselling Accounts:

Having an account on TikTok with organic growth is nothing short of challenging. If you have an account with many followers, you can leverage them to earn quick bucks!

If you know how the platform works and are good at increasing the organic growth on an account, you can consider growing and selling accounts on the platform.

9. Affiliate Marketing:

Affiliate marketing programs connect you with different brands looking to promote their products. These accounts partner up with influencers to promote their products and pay them in return.

Consider affiliate marketing if you have an account with an influential following and a high number of followers.

10. TikTok Ads:

Utilize the many “TikTok ads” tools to advertise your products or content on the application. Running ads on TikTok is an innovative idea to come in contact with millions of users on the platform.

How Many Followers Do I Need on TikTok to make Money?

Now you know the most practical ways to make money on TikTok. But before you take action on any of the mentioned ways, you should know that there are some requirements to fulfill for making money off the app.

TikTok has a creator fund worth over $300 million for the creators. To be eligible to get money, the fund requires you to fulfill some requirements:

1. To begin, you must have an account that follows all the community guidelines of the app.

2. You must be a minimum of 18 years.

3. Your account should accumulate at least 10K followers.

4. The total views on any videos you may have posted on TikTok should be at least 100K.

5. You should be living in either of the following locations: the United States, Germany, the United Kingdom, France, Italy, or Spain. You are ineligible if you are based in any other country.

Once you fulfill all these requirements, you can start earning money on TikTok based on your views. The money you make on TikTok depends on the views you get. Assuming you complete 2-4 cents for every 1000 views, you must have at least five thousand followers on TikTok.

You can leverage services like SMM panels to gain more followers. The more followers you have, your content will trend, and the views will increase.

How Much Money I will Earn TikTok with 1K likes?

The activity on your account goes a long way when we talk about earning money on TikTok.

You must be consistent with your content. After all, the more videos you create, the more money-making opportunities will be open to you.

However, as unbelievable as it may sound, the likes on your videos directly don’t play a role in earning money from TikTok. TikTok only pays the content creators for views. For instance, a creator stands to gain 2-4 cents per 1,000 views. Similarly, posting a video that gathers up to one million views will earn between 20 to 40 dollars.

The money may not sound like much. But the good thing is that there is no limit on making money from views on TikTok. The higher the number of views, the more money you get.

While it will take some time to accumulate the audience based on popularity from TikTok, you can always take help from services like SMM panel. These services can boost your post statistics and improve your chances of earning better from the app!

Final Words

People these days spend a lot of time on social platforms. And with the attendance of as many as one billion monthly users, TikTok is full of opportunities to generate revenue.

Here are some ways you can use to make money on TikTok. These strategies will bring new opportunities and chances to improve your financial worth. However, remain consistent with these ideas and keep your followers engaged. These techniques only work if you are willing to put in the work.

When starting, it is not going to be easy. But with little consistency and creativity, you can conquer this app and earn money!