How to Make Money with TikTok

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How to Make Money with TikTok Your passion might become your full-time job if you learn how to monetize your TikTok account.

TikTok’s userbase statistics should be enough to provide you with all the information you require if you’re trying to determine which social media site is ideal for monetization. TikTok has risen to the top of the social platform leaderboards with over a billion monthly users and has maintained its position as the “in” social media app, especially if you want to earn money while producing content.

Therefore, you’ve arrived to the perfect place if you’ve been looking for a means to monetize your TikTok account. Here are some tips for using TikTok to make money.

Technically speaking, there are various methods to profit from TikTok. But they all rest on the same fundamental ideas:

• Viewership
• User retention
• Interactivity
• Quality content

If your social media brand adheres to these guidelines, your chances of success are good.

You can use your content views to make money once you get popularity (which will be covered in more detail in a different article). How? Read on.

TikTok Creator Fund and Creativity Program

The simplest way to earn some passive revenue from views if you reside in the United States, Germany, Italy, France, the United Kingdom, or Spain is through TikTok’s Creator Fund. Although TikTok provides the Fund directly, the specifics of how the money is divided up among participants are confidential. According to remarks made by TikTok, the algorithm is constantly changing and takes into account all facets of viewership and retention. With a £231 million over three year commitment, The Creator Fund began operations in 2021.

Users must be at least 18 years old, have 10,000 followers, and 100,000 monthly views in order to qualify for the Creator Fund. Here is how to enter:

1. Launch TikTok.
   
2. Tap on the Hamburger icon for the main menu.
   
3. Select “Creator tools.”
   
4. Go to “Creator Fund.”
   
5. Hit the “Apply” button.
   

TikTok processes new applications to the Fund relatively quickly. If you don’t get accepted, you might lack one of the prerequisites.

However, due to the program’s age and wider spread, the earnings from the Fund might be a bit lackluster. That’s why TikTok has upgraded their offer with the Creativity Program.

Launched in May 2023, this program aims to motivate creators to continue churning out higher-quality for the platform. This helps to ensure that their followers stay engaged and any advertisements running on the platform receive significant traffic. In exchange, the creators are well remunerated by TikTok for the work done.

The Creator Program differs from the Fund in one key aspect: the videos need to be more than one minute long. In light of TikTok’s videos getting longer (with the limit being pushed from three to 10 minutes), the new metric aims to inspire users to create content that audiences better resonate with.

1. Launch the TikTok app and go to your profile.
   
2. Go to Settings.
   
3. Select “Creator tools.”
   
4. Select “Creativity Program Beta.”
   
5. Use the “Apply” button.
   

TikTok automatically runs its verification process when you’re making your application to the program. If you aren’t eligible, the Apply button won’t be accessible to you. The list below points out the requirements for eligibility:

• You should have grown a notable audience of at least 10,000 followers.
• Your Tiktok account should’ve registered at least 100,000 views in the last 30 days.
• You should be at least 18 years old.
• There should be no reports on your Tiktok account, and all posts on your account should follow community guidelines. An overall good standing of your Tiktok account is what you should aim for.

Brand Partnerships and Sponsorships

The Creator Marketplace is a place to effectively “sell yourself” to brands and score affiliate marketing deals. The Creator Marketplace borrows the influencer agency model, except it does most of the legwork for you.

A lot of brands are beginning to take note of the value of influencer marketing, and this can only mean more money for you. But, even though the income is attractive, it is recommended that you align yourself with companies with which you share the same brand value and align with.

Create a Press Kit for Your TikTok Account

This will help you sell yourself as a brand. You should include your contact information, testimonials, brands you have worked with, achievements, and photos in the press kit. Follow the steps below to create the Kit:

• Carry out extensive research on the creative market.
• Collect accurate data that can adequately display your drive and project engagements.
• Create a detailed outline for your press kit.
• Find a template to use in creating your press kit.

Create Non-Sponsored Content and Market Small Businesses

This will help showcase your drive and influence on the market space. Eventually, bigger brands will notice you and want to partner with you.

Build Trust and Carve a Niche

With viewership metrics growing each day, brands have realized that the top earners might not be the best fit to promote their offer. Micro-influencers (users with 10,000 to 50,000 followers) offer the best blend of user retention and value to a brand, with up to 60% higher conversion rates than regular digital marketing. If you can build rapport with your user base as a micro-influencer, you position yourself as a niche influencer and might rake in sponsorship offers.

Apply the Branded Content Toggle

This TikTok feature helps to encourage transparency for businesses, brands, and creators. Your audience should know whether the post is sponsored or not. This is why you should only align with brands you truly love and not just have money as your end goal. Here’s how you can enable the Branded Content toggle on Tiktok:

1. While making a post, go to “More options.”
   
2. Select “Branded content.”
   
3. Turn on the toggle.
   

You don’t have to go through all these steps if you are on the Creator Marketplace, as that automatically applies the mark if you have set up a sponsorship. Be aware that TikTok might flag and take down your post if you’re creating sponsored content and not using the branded content toggle.

Go Live

You can profit from streaming whenever users donate while on your stream. Follow the steps below to share your live stream on Tiktok:

1. Open your profile.
2. Go to settings and tap “Live.”
   
3. Tap on “Live Event” under the “Your LIVE Events” page.
   
4. Hit the Share Icon represented by the arrow button located on the top right of your screen.
   
5. Copy the link to your live event and share it on your preferred platforms to generate views.
   

As long as you have relatable and interactive content, donations should follow. However, don’t solicit donations from people because it may get you banned from the platform.

For Businesses: Use TikTok Ads Manager

On the other side of the coin, if you’re running a business, you can leverage the user base and get better traffic from ads. TikTok ads will help promote your products and services to a wider reach. You do have to spend money to make money, and this is one way to do it. Here’s how you can set up TikTok ads:

1. Set up an account on “TikTok Ad Manager.”
   
2. Set up a “Web Event” to create a Pixel for your account.
   
3. Click on the “Campaign” tab.
   
4. Choose “Create” under the campaign Window.
   
5. Create the Ad.
   

TikTok in-feed ads are more profitable compared to running ads on other platforms because your target audience is organically generated. You can also link the ads to the e-commerce platform where you sell your products to easily track performance. Keep in mind that having a TikTok account requires that you set up a business account.

Hit That Jackpot With TikTok

The creator economy is booming, and there is no better time to take advantage of TikTok than now. Boasting a wide reach of over one billion daily active users, it holds great marketing and influencing potential for businesses looking to increase their revenue. TikTok has become a full-time job for many users. But like everything else, it requires consistency and dedication.

 

How many videos do you need to make money on TikTok?

To generate money on TikTok, you don’t always need to have a certain amount of videos. Instead, your ability to make money depends on how many followers you have. Before applying to the TikTok Creator Fund, you must have 10,000 followers. If you don’t have an audience, it’s also very difficult to make money in any other method (see our list above).

Focus instead on producing high-quality, instructive, and entertaining videos if you want to increase your following over time.

 

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Originally posted 2023-12-05 10:14:02.