TikTok needs no new introduction. Many of you have used TikTok, and many have heard about the app, if not used it. While, there is a humongous brouhaha surrounding the superiority of YouTube over TikTok, let me tell you an interesting fact. You may hate TikTok and TikTokers, but TikTok can also be a great source of income, if you know the appropriate use of the application. If you are an active user in any social media platform, you must be aware of the ugly brawl between TikTokers and YouTubers. Even though, many celebrities and sports persons also use TikTok in their spare time, somehow, people tend to look down upon TikTokers with utter disregard
Before beginning to talk about the ways TikTok can make your bank balance grow, let me tell you a bit about TikTok.
What Is TikTok?
TikTok is a video sharing social media application service, developed and launched by ByteDance, a Chinese company. The company ByteDance was founded by Zhang Yiming in the year 2012. ByteDance launched an app called Douyin in China for exclusively the Chinese market, in 2016. The app helped users to create short video clips, lip sync with songs and short dialogue clips from movies, shows, ads, etc. The same concept was incorporated in an app called Musical.ly. The app was then acquired by ByteDance, and TikTok was launched in 2017 for everyone outside China. Soon, the app started growing popularity. Since, it has been the first of its kind, giving platforms to people to act, dance and sing, the app became viral in time. Currently, TikTok is reshaping the social media world in a surprising way.
How To Earn Money With TikTok?
TikTok is presently the main focus of attraction for content creators and bloggers. The presence and importance of the app have bubbled up in a significant manner in social media. But, what TikTok does not have, that YouTube has, is quality content. There are not many TikTokers, who is creating commendable content, and if you are a creator with a plethora of attractive and high quality content, then TikTok is the right platform at present to create your own niche and earn a lot of money. A similar scenario was seen in case of Instagram. Instagram started off as a photo sharing app, crowded with teenagers mainly. Soon, it became popular, and the face of marketing experienced a paradigm shift. With TikTok, people are getting famous, earning money and earning huge amount of money with even mediocre to poor content. There are many interesting and intriguing ways, TikTok can be beneficial for an influence marketer, a freelancer, or a social media personality. Here are 5 ways to check out!
5 Ways To Earn Money With TikTok
1. Grow Your Account And Sell It Off
This is indeed one of the most popular ways to make money from TikTok. Start off with whatever content you have, but surely from a particular niche. If you have mixed content of various genres, this probably won’t work. Try to gain more and more TikTok followers on the app. Once, your account has a large number of followers, reach out and try to sell it off to relevant brands who are ready to purchase your account. What accounts for, is the number of followers and not the content. Once, the brands get hold of a fairly active account with great number of followers, it is easier for them to sell their products. Brands and sellers come live on TikTok and sell their products or hold up auctions.
2. Go Live On TikTok And Collect Donations
This is another amazing and intriguing way to earn money from TikTok. TikTok has inculcated a live monetization service from the very beginning. In TikTok, there is a provision to purchase coins. The rates of coins vary from time to time and is also dependant on the number of coins you are purchasing and the discount you are getting. Viewers purchase coins by paying real dollars from their bank. Next, when their favorite TikTok star or celebrity come Live to sell his/her product or demonstrate any Live tutorial, fans or followers send them coins as a gesture of appreciation for their dedication and hard work. The TikTok creator or TikTok star, whatever you call, can convert these coins to diamonds. These diamonds can be converted back to cash, and the creator can get the money in his/her account through PayPal.
The China exclusive version of TikTok, that is Douyin has another interesting feature, which is not yet available for TikTok users. When the TikTokers com Live, then attach a shopping cart with the Live, and users can purchase products while the Live is ongoing. We can expect TikTok to bring this feature as well.
3. Be A Middleman Between A TikTok Content Creator And A Relevant Brand
This concept is somewhat similar to the influence marketing agencies in Instagram, whose sole responsibility is to connect a seller or creator with his/her related brand. You can be a similar coordinator in TikTok and charge a service fee for managing both the brands, and the creators. Besides, TikTok has a built-in influence internal influence program, which performs the function of a broker. Being an outsider broker, you can charge less than what TikTok charges, and gain more customers.
4. TikTok Ads Platform
TikTok has also brought a TikTok Ads Platform like Google AdSense. You can search on Google for TikTok Ads platform and sign up the service. You have to spend some time understanding how the Ads platform works, what the terms and conditions are and so on. You also need to pay TikTok money for holding the adverts. Once, you are set, you can sell your products by deploying the TikTok Ads platform.
5. Management And Consultation Service to TikTokers
If you have prior experience in managing social media handles of celebrities or, knowledge in production and management of content for social media accounts, you can offer management service to TikTokers with huge number of followers and charge a service fee. Again, if you have inculcated every single detail about TikTok, you can help an aspiring TiKToker get the desired number of views on their videos, against a service fee.
So, these are the 5 ways, by which you can make money from TikTok. Hope you loved reading the article.