CAN YOU MAKE MONEY ON TIKTOK?
Are you wondering how people make money on TikTok? Or maybe how you can make money on TikTok?
But first what is TikTok?
TikTok is a Chinese based mobile app that allows you to create and upload short-form videos from 3 to 60 seconds. People use the app to create lip-sync and comedy VIDEOS which are very popular in the app. People showcase their talents like music and dance in the app.
Unlike YouTube, as a video sharing website, you cannot make money directly from tiktok at the moment. Meaning you cannot monetize your TikTok videos for money.
But that is not it. You can still make money from Tiktok. Here are 5 Ways You Can Make Money on TikTok.
*1: Sell Your Own Products or Services to Your Followers*
When we talk about tiktok we are talking about teenagers. This people are always online. It’s time you take advantage of that. This actually one of the easiest ways to earn money from Tiktok.
Here is how it works. You make a products that you can sell to your followers. This doesn’t have to be a big deal, create something simple and sell it. This can be phone case with your photos on it or you signature.
If you are talented on drawing, sell your artwork to your followers. They will love it.
In order to promote any product/service, you need a following. So if you are still not getting a lot of followers. Consider networking on other social media platforms like Instagram, Facebook and Twitter etc.
In addition to promoting your services, do like or comment videos created by others so that people will get to know you.
*2: Sell Other People’s Products*
Make money on Tiktok with affiliate marketing. How this works is that people will pay you to promote their products/services on tiktok for your followers to buy.
While doing this always remember that your followers followed you for you and not because of the products you are promoting, so be caring enough not to spam them with promotion videos.
For example, if you are uploading promotional videos daily for seven days, then there is a good chance you will start losing followers. And you don’t want that, do you?
*3: Earn Gifts By Going Live On Tiktok*
By going live on Tiktok your fans can send you gifts that you can convert into real money. The app offers three types of virtual items (Coins, Gifts, Diamonds) through its Virtual Diamond Program which is available to all users.
When a user has at least 1000 followers or more, they can do a live stream directly from the app. As the creator is live, his/her followers can send in virtual gifts that the creator can convert into cash. But In order for the followers to send in the Gifts, they should first buy coins using various payment method like credit/debit card. Once the gifts get to the creator, it will be converted in Diamonds another virtual gift which now the creator can redeem for real money using a verified PayPal account.
On conversion 50% of the diamonds will be kept by the content creator as TikTok and my/Google will keep the remaining amount.
Tip: Being active on tiktok and regularly posting awesome videos on the app will boost your growth. Try going with trends on tiktok as there are lot of people checking out trends on tiktok and they are most likely to find your videos if you always join trending topics.
*4: Become A Tiktok Influencer*
Tiktok is no different from platforms like Instagram and YouTube. You can become a tiktok celebrity and this will make you big money. Plus becoming popular on tiktok can drive traffic to your YouTube where you can double the amount of money you are going to make on tiktok.
The most outstanding thing about tiktok is that you can definitely become an influencer overnight. Unlike other social media platforms where hard work and a lot of effort is needed to become an influencer tiktok makes things super easy for its users by having a section where it displays all good videos. Even without following the person, you will be able to see their videos.
Work with businesses/companies and get paid as an influencer on Tiktok.
*5: Earn From Amazon/Jumia Referral Links*
Join Jumia (for Kenyans) or Amazon affiliate program and get paid when people click on your unique link to buy products from Jumia/Amazon. Get paid a referral commission of certain percentage for every new customer you can bring.
This was kind of hard during the first days of tiktok but, the latest version of tiktok now allows you to add any links on your bio page. Take advantage of this, it has become more popular and everybody is doing it.
*Finally,*
Tiktok can be a very super helpful tool on making money online if used properly. Try being active on Tiktok for higher chances of fast growth.
Your followers will most likely buy your products/services or products/services you market for others if you present it in a way that doesn’t look like you are just after money.
So make it seem like you are actually trying to help them out. Discounts is what I’m talking about, like If they can save some money in using your link, then they will be really motivated in purchasing a product.
There you have it, 5 Ways You Can Make Money on TikTok..
By
Justine Nyachieo
Business Man & Mentor
Timothy Angwenyi
Business Consultant
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