Since its introduction, the popularity of the TikTok program has shown significant growth. In October 2018, it became the most downloaded photo and video application in the international Apple store. The statistics of the system would probably blow your brain. This has currently accrued more than 800 million active users, with the United States being the top country to download nearly 100 000 million times. With a wide variety of teens using this point, Taylor’s, products and marketing strategies drive music. Given the rising popularity of Tiktok, we decided to teach you 7 Ways on How to Make Money on Tiktok!
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How to Make Money on Tiktok| 7 Ways You Can do to Turn Your Tiktok into a Money-Making Machine
1. Growing and selling accounts
The first thing on our How to Make Money on Tiktok is to grow and sell accounts. This is increasingly common in the field of eCommerce or product. Tiktok Live example on many Tiktok accounts.
Unlike Instagram, you would select a niche and make fun, preferably viral content that will attract the person who will be the ideal customer for your product. Today in this space, some people are that TikTok profiles around specific interest. It is typically a niche issue, and they may not have anything to offer, but they will hit the brands in this industry and offer them their TikTok profile, and people make money that way.
The good news for food companies is that if they have an account in their hands, goods can be sold very quickly. One way people sell goods is through TikTok Live. They launch goods while enjoying life, or they hold live-streaming auctions. And there is a connection in the organic industry where you can still drive your followers to buy your stuff. So, if you’re the kind of person, you love TikTok and just want to develop an approach to a certain topic, build that community around a certain topic, take it on and then reach out to brands that like access and sell your account to these followers.
You can go live and receive donations from viewers (just as you do on other channels, such as Twitch). I consider this TikTok feature fascinating. It is truly a monetization platform built from day one. Literally. Here’s how it works from what I saw: You can enter your profile and buy something called coins when you are a TikTok user. This will cost you $1.49 for a hundred coins. How are you doing with these coins now? If one of your favorite creators lives, you can actually give them coins to thank them for all their work in making the content they create. How does the coin do to the creator? The maker turns the coins into diamonds, which can be transformed into cash through PayPal.
The Chinese version of TikTok – the Douyin app – has similar next-level functionality. We will literally add a shopping cart to a product we are selling while developers are live. And it’s sort of like a QVC or the platform for shopping. You can go live, have an auction, and while you are living, people can purchase your product by shopping cart features. My prediction is that this feature will be available worldwide sooner rather than later.
3. Manage influencer campaigns
You can make on TikTok by handling influencer campaigns. It’s not a new idea. Several influencer agencies already represent Instagram influencers. The same is true of TikTok. You may be the middleman or broker between a TikTok maker and a company that wants to work with it. Once you create the deal, you oversee all parties to ensure that all the requirements are met – as a planner only – and you will charge a service fee to handle these projects. TikTok, as a site, is clever; they have already incorporated an internal influencer system.
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4. Tiktok ads platform
Via their marketing network the you can make earning from TikTok. Much like Facebook and Instagram advertising, you can sign up for Google’s “TikTok advertising” and activate your ad network right now. It is very self-explanatory if you’ve ever had to pay traffic before, so it could be worth making a few ads if your audience is on TikTok, putting a budget into exploration and seeing what happens.
5. Management services
TikTok ‘s fifth way to make money is by giving online management services for device developers. Some creators of TikTok have thousands of followers, and this happens to the creator very quickly and overnight. It’s like getting in their lap a company property. You should step in to provide services to help with your marketing strategy, your innovative plan, and even the management of offers and promotions. So, if you have the experience in storytelling or production, you can certainly use this to offer TikTok creators management services.
When you are a pro on TikTok, and maybe understand really how anyone might take a video that could get 1000,000 views and help them get 1000,000 views. It is a genuinely amazing way to use your experience from the web to help people who want to become famous or build TikTok to increase their campaign so that their videos can be viewed by hundreds of thousands or millions of people. You need the knowledge and expertise to deliver this as a service in the first place. Yet once you’re there, people can pay for your expertise and your intellect.
And you can also negotiate a percentage or decrease of the contract if you help them make certain influencer or deals agreements simply because you are their agent and you have helped them get viral on TikTok.
7. Live Streaming
The last but not the least on our How to Make Money on Tiktok is to do live streaming!
Actual exchange rates are time-consuming, but the basic mechanism is simple: users of TikTok may buy “coins.” They can then use their coins (and other derivative currencies) to advise creators of TikTok, effectively giving them a little real money as a thank-you for making a great live material. TikTok sends 80% of the tip value to the person making the live stream and creates his account (and not incidentally signals to brands that this person really is gaining influence).
This is not necessarily a property, but it can be a source of income, even if you will take the money in the form of digital contributions instead of cash; however, it is not too difficult to turn it in cold hard money.
Which One Will You Use?
Quickly, the 7 ways shared on How to Make Money on Tiktok are the following:
- Growing and Selling Accounts
- Manage influencer campaigns
- Tiktok Ad Platforms
- Managmeent Services
- Live Streaming?
Do you agree with this list? Do you know other ways to make money on Tiktok that we missed in the list?
Please feel free to share your thoughts in the comment section below!