4 Keys to Make Money on TikTok

Tiktok is a social media platform where users can upload videos from 10 seconds to 1 minute. They can upload videos of dancing, singing, lip-syncing, acting, magic, and many more. As long as the videos are under TikTok’s terms and conditions, they are good to go. There are several ways to make money on TikTok.

With so many people losing their jobs due to this pandemic, they are looking for new ways to generate a good amount of income. During this difficult period, social media has become a solid source of income for many. And if we take the top creators into a consideration, they make serious money. And when we talk about serious money, we’re talking about 7 or even 8 figures each year. 

Addison Rae, the second most followed TikTok influencer with 79.6 million followers, made over $5 million last year. Sounds fascinating right? So let’s check out some of the ways to make money on TikTok. 

Create a Brand

Brand building has always been an important step in becoming successful on social media. It’s like marketing. If you have ever been in a marketing class, you’d know why creating a brand is so important. People should know who you are and what you do.  And the same thing goes with Tiktok. People have to know who you are and what type of videos you upload. Is it comedy, informative, romantic, dancing, or singing? The bottom line is you have to decide what people should expect from you. 

Create engaging content

People are hungry for content. They find new ways to get entertained every day. It doesn’t matter what platform you’re in. It’s the same with all the platforms. If you run out of ideas, you can take inspiration from the top creators of your niche and start re-creating them with your own flavor. By doing that, you’ll be able to attract new followers and their followers as well. Make sure your content is fresh, unique, and entertaining.

Get More Followers

This is the most important step of making money on TikTok. The more followers you have the more brands will reach up to you. Unlike YouTude or Facebook, there is no way to make money by showing ads on your videos. The only way to earn money on TikTok is from brand deals. You’ll need at least 10k followers to monetize your account. The best way to gain more followers is by targeting a specific niche and posting quality content multiple times a day.

Sell your own products

Once you become somewhat famous and gain quite a bit of following on TikTok, you can start selling your branded merchandise or products. Most influencers create their own merchandise to sell and it automatically promotes them. Also, many TikTokers have their own products like make-up and other beauty products. By selling them, you’ll be able to generate more income on top of the brand deals.

TikTok is the fastest-growing social media platform as of now. There are plenty of opportunities available to make money on TikTok. From brand deals to selling your own products and merchandise. The key things to become successful on TikTok are consistency, quality content, and engagement.