If you have a hobby and want to turn it into a side hustle or even a full-time job, learning how to make money from Tiktok is the best option for you. TikTok is a massive platform that is currently popular among all demographic groups, and it is still relatively new, so it is not too late for you to join and monetize from it. TikTok has over 1 billion monthly active users on the app, and there is truly something for everyone on this platform. Every day, thousands of people are blown up on this platform, while ordinary people like me and you are given life-changing opportunities.
In this article, I’m going to say some things upfront so that you can get started with growing and monetizing on TikTok right away. You do not need to have an existing following to successfully monetize on TikTok, and you also don’t need to be an expert in something to do so, because the whole point of posting on TikTok is to grow a following and become better at what you post about and monetize from doing so. Let’s get started with the 5 best Tiktok monetization strategies right now.
#1. Join TikTok Creators’ Fund
TikTok has a creator’s fund, which is similar to a YouTube partner program, but instead of 1000 subscribers, you only need 10,000 genuine followers. You may believe that obtaining 10,000 subscribers is ten times more difficult than obtaining 10,000 views on YouTube, but this is not the case. I see a lot of people gaining a lot of followers quickly by simply following trends and posting consistently. It’s the same as YouTube, and you also need to have at least 100,000 authentic video views in the last 30 days, demonstrating that TikTok really wants its creators to be active posting on their platform in order to be eligible for the creator funds.
TikTok’s Creator Fund has reportedly paid influencers between 2 and 4 cents per thousand views. Some quick math suggests that after reaching a million, you should expect to receive between $20 and $40. In order for you to participate in TikTok Creator Fund, you must meet the following requirements:
- Be 18 years or older
- Be a legal resident of one of the 50 states, the District of Columbia, or the territories and possessions, of the United States
- Other countries: UK, France, Germany, Spain, and Italy
- Meet a minimum following threshold of 10K authentic followers
- Post original videos in line with their Community Guidelines
Who are the top-paying TikTok Influencers?
As of 2022, the following list is the highest top-paying TikTok influencers.
1. Charli D’Amelio — $17.5M Annually
2. Dixie D’Amelio- $10M Annually
3. Addison Rae- $8.5M Annually
4. Bella Poarch- $5M Annually
5. Josh Richards- $5M Annually
6. Kris Collins- $4.75M Annually
7. Avani Gregg- $4.75M Annually
8. Riyaz Aly- $2M Annually
9. Arishfa Khan- $24,000
10. Awez Darbar- $23,500
11. Nisha Guragain- $23,500
#2. Get Donations By Going Live Stream
One way to make money on TikTok is to use a live stream to solicit donations from your followers. However, this is not the same as a regular donation. It means that your followers will be unable to deposit funds directly into your bank account. Instead, they can tip you with TikTok coins that they’ve purchased with real money. Essentially, you must entertain your audience during the live stream, and by doing so, you will be incentivized by coin donations, which can later be converted into real money.
#3. Sponsorship
Sponsorship is another way to start making money on TikTok. This is where brands approach popular TikTok influencers and ask them to post sponsored posts that promote their product or service in a positive light in exchange for a large sum of money. Because I see creators with 10,000 or 20,000 followers getting sponsorship deals, both big and small creators can land a sponsorship deal. To succeed as an influencer on TikTok, you must first develop a solid strategy. Here are a few strategies to help you establish your brand and secure more brand connections:
- Make your TikTok profile appealing
- Build your TikTok following
- Make natural content about your favorite brands
How much money can you make from a TikTok sponsored post?
To give you an idea, most content creators receive $500-$1000 for a sponsored post, but there are exceptions.
#4. Join Shoutcart
Shoutcart is an influencer marketing platform with a special focus on shoutouts. Their marketplace makes it easy for brands to discover influencers and collaborate for shoutouts It helps you to get exposure to your account so big brands can come here and see your TikTok account. For example, they can see how much you are charging for a 2-hour shout-out, 24 hours shout, or permanent shout-out. You can charge between $35 to $500 for a shoutout.
#5. Affiliate Marketing
Another way to make money on TikTok is through affiliate marketing, which does not require a large following. All you have to do is promote the products of others. Essentially, you can sign up for any e-commerce website, such as Clickbank, JVZOO, Digistore24, WarriorPlus, Amazon Associates, and many others, and promote their products or services in exchange for a commission.
All you have to do is copy your affiliate link and paste it into the bio section of your TikTok account. The only disadvantage of TikTok is that you must have at least 10,000 followers before you can include a link in your bio.
If you don’t have the required number of TikTok followers, the best thing you can do is direct your audience to your YouTube channel or Instagram account, where they can get direct access to your affiliate link.