In about a decade now, TikTok has come to be a huge source of income for so many people who knows how to utilizing the video entertainment platform to their advantage. According to Hootesuite, Tiktok is the 6th most used social media platform in the world, with about 1 billion active users in the year 2022. Knowing exactly how to make money on TikTok will be a huge advantage in the crowded space. This article promises to lead you through the journey of achieving this goal.
What is TikTok?
TikTok is a trend-driven social media platform for creating, sharing, and discovering short videos contents like dance, stunts, comedy, pranks, music, and entertainment. These contents can be discovered on TikTok and shared across various social media platforms.
TikTok is the first social media app not owned by Facebook that has hit 3 billion installations. It is one of the top five fastest growing apps in the world, according to Hootesuite. The mission of TikTok is to inspire creativity and bring joy.
How TikTok Works
Anyone with a TikTok account can create short video contents such as music, pranks, and dance. TikTok offers a wide selection of filters, visual effects, stickers, and other video editing tools to enhance the appearance of contents. If you spend more time creating contents on Tik Tok, your video is more likely to go viral.
TikTok has a page labelled “For You Page” (Fyp). This is usually the first page every user encounters when they open the TikTok App. It shows you the contents of all the users you follow and other contents that you might be interested in.
In the FYP, you can view and engage with contents by liking, placing comments, and following other users.
Getting Started on the Platform
To get started and proceed to making money on TikTok, you need to start by creating and account first.
How to Create a TikTok Account
To create a TikTok account, follow the steps below:
- To begin, download the TikTok app from the Google Play store (Android users) or the App Store (iOS users).
- After downloading, launch the app.
- Click on “Profile” at the bottom of the right corner.
- Choose the method with which you want to sign up.
- Enter your phone number, email address, and password now.
- Finally, press the “Login” button.
With the steps above, you can now create content, participate in TikTok challenges, follow users, and also gain followers too.
How to Get Verified on TikTok (Verified Badge)
According to TikTok, “A verified badge means that TikTok has confirmed that the account belongs to the user it represents.” You can get verified on TikTok by:
- Giving your followers the contents they want.
- Allowing your account to grow over time.
- Regularly posting or creating high-quality content.
- Verifying your account on other social media platforms like Instagram and Facebook
- Maintaining or increasing your level of consistency.
- Collaborating and interacting with other Tiktokers
- Adhere to Tiktok’s policies and terms of service.
With the tips above, you can get verified on TikTok with ease.
How to Go Live on TikTok?
To go live on TikTok, you need to be between the ages of 16 and 18 and have at least 1,000 followers. If you are eligible to go live, you can follow the below procedure.
- Open your TikTok app.
- Click on the “create” button, the plus (+) sign at the bottom of your screen.
- Click on the “LIVE” button on the menu
- After doing that, you will see a preview of your video feed. You can now give your live stream a title and share it through connected social media platforms or a messaging service.
- You are now ready to Go Live on TikTok.
- When you go live, you can tap the three dots on your screen to access settings and features. In that tab, you can turn your comments on or off, add effects and filters, and also add up to 20 moderators.
- If you are ready to round up, tap the “X” icon on the top-left corner of the screen to end your TikTok live stream.
Also Check: How to Become a Professional Youtuber (2022)
How to make money on TikTok
There are so many ways to make money on TikTok.
To monetize your TikTok account, you must obey the following conditions:
- You must be at least 18 years old.
- In the last 30 days, you must have at least 10,000 followers and 100,000 views.
By creating catchy contents, hopping on challenges, and engaging in duet videos, you can meet the requirements for monetizing your TikTok account. Listed and explained below are some ways of making money with TikTok;
Join the TikTok Creator Fund:
You can make money from TikTok by becoming a member of the TikTok creator fund. In the TikTok creator fund, you earn money from the number of your followers, your engagements, and the frequency of your posts.
Sell and Promote Your Product:
The strategy of using your TikTok Space as an advertising tool is very advisable for those with a reasonably large audience. Introducing your product to your followers is another way of making money on TikTok. The basic steps for advertising products on TikTok are to show off your products, give tutorials, and follow trends while showcasing your products. Direct your TikTok followers to your online shop by adding its link to your bio.
Go Live and Collect Gifts:
TikTok has a very interesting feature called “coins. Your followers might want to appreciate you during your live sessions by sending gifts and coins.
TikTok Gifts can be redeemed for TikTok Diamonds, and after saving lots of diamonds, you can trade them for real cash.
Become an Influencer on TikTok:
You must have gathered a large number of followers on TikTok to become a TikTok influencer. A lot of companies will want you to promote their products in your TikTok videos and pay you handsomely afterwards.
Working With The Right Influencers:
Working with the right influencers is also a good way of making money on the platform. Influencers will help you increase your followers faster by promoting your accounts. They will help you get more sales by sponsoring your products.
TikTok accounts can be grown and sold:
A lot of people want their presence to be seen on TikTok but do not have the time and resources to increase their TikTok followers. You can grow TikTok accounts and sell them for money. Growing a TikTok account requires consistent activities and engagements on your account such as regular posting video content, interacting with your followers, liking and replying to comments, etc. It is a proven approach to grow your account quick!
Promoting Songs:
When you take the right actions with consistency, you will get the best results. On TikTok, the results come with a large increase in your followers.
When you gain lots of followers and you have some viral content, You might be paid by musicians to promote their songs.
Become a TikTok Consultant:
If you are a TikTok expert, you can be a guide to a lot of people with your experience and expertise. People will pay money to hire you as a consultant to help them create their strategy, build their brand and boost their followers.
Also Check: 10 Workable Business Ideas Requiring Little or No Capital
Frequently Asked Questions
How many views and followers do you need to make money on TikTok?
To make money on TikTok, you must be 18 years of age or older, have 10,000 followers, and 100,000 video views within 30 days.
Do you have to be verified before you can make money on TikTok?
You do not have to be verified before you can make money on TikTok. There are a lot of creators with millions of followers who have not yet been verified. These people still make tons of money on TikTok.
Can You Buy TikTok Verification?
You cannot buy TikTok verification. Note that if you are found to have procured it by any improper means, your account could be banned.