7 WAYS TO MAKE MONEY ON TIKTOK
Tiktok is the fastest growing social media platform in the world currently. Many youths aged from 16-35 use tiktok platform on a daily basis to showcase their talents, for fun or business.
However there are ways you can make money on tiktok from where you’re all over the world. However in some countries YouTube doesn’t allow monetization.
If you meet the following tiktok terms of service. Then you’re free to monetize your content and earn money from tiktok
“To access or use some of our Services, you must create an account with us. When you create this account, you must provide accurate and up-to-date information. It is important that you maintain and promptly update your details and any other information you provide to us, to keep such information current and complete.
It is important that you keep your account password confidential and that you do not disclose it to any third party.
You agree that you are solely responsible (to us and to others) for the activity that occurs under your account.
We reserve the right to disable your user account at any time, including if you have failed to comply with any of the provisions of these Terms, or if activities occur on your account which, in our sole discretion, would or might cause damage to or impair the Services or infringe or violate any third party rights, or violate any applicable laws or regulations.
We will provide you with further assistance and guide you through the process. Once you choose to delete your account, you will not be able to reactivate your account or retrieve any of the content or information you have added.”
- TIKTOK CREATOR FUND
Some times back tiktok announced the creator fund and over $200,000,000 was allocated but due to initiatives good reception. They expanded it to $1 billion for the United States over the next 3 years and more than double that amount for the rest of the world.
This initiative enables creators to earn money directly from tiktok.
As a result, the social network aims to avoid the same fate as vine which shut down when its creators left due to the lack of monetization model.
- TIKTOK SHOPPING
In octobor 2020 tiktok announced global partnership with online shopping with shopify. The site allowed shopify uses to promote their products using Tiktok and also allowed them to create store from tiktok.
Also one can sell their products online through the platform and communicate with their clients on their purchase by providing their number.
- DIRECT LINKS/AFFILIATE PROGRAME
Affiliate programe allows users to generate traffic from other affiliated websites.
Thesse may include Betting sites, shopping sites and other related sites.
To use this site one might just click on his or her profile and add a website link to his or her profile.
One can link to brands website or influencers can easily get sponsorship deals with brands that they have a very easy way to measure the success of campaigns in term of traffic to the advertisers site. One can also use online promo codes from a certain brand to measure their traffic. For example one can use the promo code for registration on a certain brand to earn money through commission.
- TIKTOK ADS
Tiktok also allows someone to get ads on his profile which can be redeemed later into cash. This include a couple of things
This ads appears at the top of “for you”feed when first opening. There are full-screen videos of up to 60 seconds so they block out any other content
videos intergrated into “for you” feed which are displayed as if the advertiser were a tiktok creator.
A large format static or dynamic ad that appears when users open the post. This ad type essentially “takes over” the users screen for a few seconds, providing high visibility for the brand being advertised. This option is limited to one advertisement per day
A brand presents a video with a challenge for and encourages users to try it and upload the results to their profiles along with corresponding hashtag
A filter customized by the brand with more than 20 different formats so that people can use it and interact with the brand through their videos.
This option is similar to branded Lenses or customized augmated reality filters
Although tiktok advertising revenue does not go directly to content creators, they can use it to promote their own products and services or their presence on the platform.
- TIKTOK CREATOR MARKETPLACE
This is the official platform for brands and creators to collaborate on tiktok and reach agreements with each other for creators, Tiktok creator marketplace provides an easier way to monetize their content on the network. For advertisers is a free way to find the perfect influencer to promote their brand. And for both parties the platform offers data, tools, direct access and communication at no additional cost.
Advertisors can filter creators based on different criteria, such as topics they talk about,their reach, the demographics of their followers, average performance or even interaction rate.
One the advertiser has selected the influencer, they send them a message directly through creator studio.
- COINS AND GIFTS
Tiktok has a feature called go live which allows creators with over 1k followers to stream live content. This feature enables influencers to interact directly with the audience and monetize their tiktok presence.
During a live broadcast, followers can show their appreciation by giving virtual coins, emojis and diamond as gifts. Users can purchase these coins on tiktok and the cost varies based on the pack size.
The coins are then stored in a virtual wallet until they are given to the creators. The prices range from 1 euro to 100 euros. Once influencers have accumulated enough coins, they can exchange them for real moneya, with a daily maximum limit of $1,000 per day.
Moreover, there are also video gifts, a similar system that allows users to financially reward any type of video
- SELLING STOCK ONLINE
One can sell clothes, shoes or other items online through either a live video or pre-recorded video.