TikTok growth is EXPLOSIVE, and making money on a social platform has probably never been easier! However, knowing the ropes of monetizing TikTok is vital to making that TikTok money! So, let’s look at how to monetize TikTok videos and accounts:
5 Ways to Monetize TikTok:
1. TikTok Influencer Campaigns
Influencer campaigns are super big on TikTok. Influencers with millions of followers (and TikTok bonus) can make a lot of money every time TikTok releases new products! Influencer campaigns on TikTok are significant for TikTok to grow. Think of the most viewed TikTok videos and TikToks today; how many TikTok influencers have been in them?
2. Branded Merchandise
Branded TikTok merchandise is the primary strategy TikTok influencers take to monetize TikTok, so TikTok merch is essential. TikTok merch can include t-shirts, sweatshirts, phone cases, etc. Suppose your followers like your TikTok videos and you have some TikTok bonuses (which TikTok influencers usually do have). In that case, you can start making TikTok merch, TikTok t-shirts, or TikTok stickers. TikTok will sell your merchandise on their platform, and you get a cut!
3. TikTok Ads Platform
TikTok has set up a TikTok ads platform for TikTok influencers to make TikTok money. TikTok is involved in almost every aspect of TikTok monetization. You can get paid for watching TikTok commercials.
4. Donations
Another way to TikTok users can make money is to by going live and asking for donations. This can be done individually, but it can also be great for non-profits. If you’re having an event, you can go live on TikTok and ask viewers to donate. You will need to keep it interesting to keep people’s attention.
5. Use Your TikTok Fame to Expand (i.e. get into music or acting)
You can also use your newfound TikTok fame to expand yourself into the music or acting industry. If you already have a following, you are in a much better position to approach an agent and get a contract!
Alternative TikTok Monetization Methods:
Start a TikTok Agency
You can start a TikTok agency and help other TikTok users grow and monetize TikTok. This may include designing TikTok t-shirts and other merch with the client’s TikTok brand on them!
Growing TikTok accounts and selling them
You can even sell TikTok accounts if you’re feeling ambitious! This is also known as flipping. You can create multiple TikToks, source content, grow a niche following, then sell it off for a handsome profit.
So, there are some great ways to get TikTok money flowing into your bank account.
If you are interested in more ways to make money with social and other means, check out our Business Resource area!
