Unlocking TikTok Wealth: How to make Money on TikTok

Are you among the countless individuals born before 2004 wondering about the enigmatic world of making money on TikTok? You're not alone. This comprehensive guide aims to demystify the lucrative yet mysterious landscape of TikTok wealth-building. From TikTok Shopping to consulting for brands, we'll explore 15 ways to boost your income in 2024.

Table of Contents:

1. Introduction
2. Sell Products Through TikTok Shopping
3. Drive Sales with TikTok Ads
4. Participate in Affiliate Programs
5. Promote Songs
6. Join TikTok’s Creativity Program Beta
7. Publish Sponsored Posts
8. Become a Brand Ambassador
9. Start a Patreon
10. Find New Clients
11. Build and Sell TikTok Accounts
12. Work with Influencers and Fellow Creators
13. Receive Donations Through Live Gifting
14. Raise Money Through Crowdfunding
15. Collect Tips
16. Consult for a Brand
17. Invest in TikTok Spark Ads
18. Conclusion
19. TikTok Money-Making FAQs

Introduction:

Born out of the desire to express creativity and share entertaining content, TikTok has evolved into a potential goldmine for those savvy enough to navigate its wealth-building opportunities. While making money on TikTok remains shrouded in mystery for many, this guide will unveil 15 actionable strategies to turn your TikTok presence into a profitable venture.

1. Sell Products Through TikTok Shopping:

TikTok Shopping, introduced in 2021, revolutionized the way businesses sell products. No longer confined to redirecting followers elsewhere, TikTok Shopping lets you showcase your products directly on the platform. Tag products in your organic content and give your TikTok store a shoutout to entice your audience.

2. Drive Sales with TikTok Ads:

Harness the power of TikTok ads to steer traffic to your website, ecommerce store, or TikTok Shopping tab. From in-feed image ads to bold Top View ads, the possibilities are vast. TikTok can also serve as a top-of-funnel resource to boost email list sign-ups or SMS campaigns without appearing overly salesy.

3. Participate in Affiliate Programs:

No products of your own? No problem. Dive into affiliate marketing by placing links strategically. Redirect traffic to your other social media accounts or include coupon codes in your video descriptions. Monetize TikTok without the need for inventory.

4. Promote Songs:

For music enthusiasts, get paid to feature songs in your videos. Musicians recognize the potential of TikTok in amplifying their reach. Whether promoting others' music or showcasing your own beats, capitalize on TikTok's music-centric nature.

5. Join TikTok’s Creativity Program Beta:

Formerly known as the Creator Fund, the TikTok Creativity Program Beta rewards creators for engaging content. The more engagement your videos garner, the more TikTok pays you. Join with at least 100K video views in the last 30 days and expect evolving opportunities for increased earnings.

6. Publish Sponsored Posts:

Brands are willing to pay for exposure through sponsored content. You don't need millions of followers; micro influencers with engaged communities are in demand. Apply to the TikTok Creator Marketplace with over 100K followers and 100K video likes in the last 28 days.

7. Become a Brand Ambassador:

Move beyond one-off sponsored posts and embrace long-term partnerships as a brand ambassador. Compensation and free products await those who consistently produce engaging content.

8. Start a Patreon:

Offer free content on TikTok while enticing followers to support you on Patreon for premium behind-the-scenes access, exclusive content, and more. Build a loyal following willing to invest in your creative endeavors.

9. Find New Clients:

TikTok can be a platform to showcase your freelancing or consulting business. Publish engaging content to build an audience, and then promote your services. Let your creativity shine, making any business exciting on TikTok.

10. Build and Sell TikTok Accounts:

If you can swiftly build TikTok followings, turn it into a business. Identify industries interested in purchasing TikTok accounts, keeping personal branding minimal for marketability.

11. Work with Influencers and Fellow Creators:

Leverage the creative minds on TikTok to promote your account or products. Partner with influencers for shoutouts or sponsored posts, utilizing their established audience to boost your brand.

12. Receive Donations Through Live Gifting:

Engage your audience through live streams and encourage coin donations. Ensure interactions are natural, avoiding active solicitation. To go live, you need 1,000+ followers, and earning gift points requires being 18 or older.

13. Raise Money Through Crowdfunding:

Capitalize on crowdfunding's popularity by launching campaigns related to your TikTok content. Align your cause with your content to create a seamless and authentic fundraising experience.

14. Collect Tips:

Ask for tips as a way for your audience to support your content. Platforms like Buy Me a Coffee and Tipeee provide avenues for one-time donations or ongoing memberships.

15. Consult for a Brand:

Position yourself as a TikTok expert and offer consulting services to brands looking to tap into TikTok's marketing potential. Guide them on content creation, influencer partnerships, and navigating the TikTok landscape.

16. Invest in TikTok Spark Ads:

Explore TikTok Spark Ads as a native ad format using organic TikTok posts for advertising. Enhance brand image and engagement rates by allowing users to interact with ads, potentially leading to increased visibility and followers.

Conclusion:

As TikTok continues to evolve, so do the avenues for making money on the platform. Whether you're leveraging TikTok Shopping, exploring the Creativity Program Beta, or diving into affiliate marketing, this guide has equipped you with 15 proven strategies to unlock TikTok wealth in 2024. Embrace the creativity, engage your audience, and turn your TikTok presence into a thriving business.

TikTok Money-Making FAQs:

How many followers do you need to have on TikTok to make money?

Technically, zero. You could drive traffic to your ecommerce store through influencer marketing and TikTok ads with no followers. However, to be paid directly by TikTok through the Creativity Program Beta, you need at least 10,000 followers and 100,000 video views in the last 30 days.

How many views do you need on TikTok to make money?

While you don't need any views to make money, specific TikTok programs and features require a minimum number of views. For example, you need at least 100,000 video views in the last 30 days to join the Creativity Program Beta.

How are TikTok Creator Program earnings calculated?

TikTok hints at the importance of views, authenticity, and content engagement in earning through the Creativity Program. Engaging content that stops viewers' scrolls and motivates likes or shares increases your earning potential.