TikTok Marketing: Money making process
Here's how you can earn money from tiktok
TikTok is a video-sharing social networking service that is currently controlled by a chinese company called Byte Dance. It is one of the fastest growing social media platforms in the world today with over 800 million active users every month and 1.5 billion downloads from the app store itself.
In 2 August 2018, ByteDance bought musical.ly and merged it with TikTok which was a smaller newly created app at time that to create a larger video community, with existing accounts and data in one app making TikTok a worldwide app.
In tiktok, users can create videos of short lengths incorporating music in the background as well. Tiktok contains many types of special effects, filters and other editing features that makes it an all-in-one app
The question is can we make money on tiktok
Yes!
Tiktok can be monetized like the other social media apps. Although you can't systematically earn money from the app there are some indirect ways. The main reason why Tiktok doesn't have an established system for making money is because is it is quite new and people are just getting familiar to it.
But that doesn't mean it's impossible to earn money from tiktok. Today TikTok serves as an income generating medium to many people.
How do they earn that money. Here are some of the ways
1 Becoming a TikTok influencer
A TikTok influencer is a person who has a large amount of active audience in the TikTok app. To earn money you must have a huge number of people following you in an continuous manner. TikTok prioritizes on influencers not having huger number of followers but influencers that have a larger number of people engaged with them and their videos. If you are able to target a larger community of people that TikTok will pay you.
According to Forbes, Addison Rae has earned $5 million in a year as a TikTok influencer. Charli and Dixie D'Amelio are second and third in the list of popularity in TikTok have earned $4 million and $2.9 million annualy through TikTok. In order to be a tiktok influencer, you need to
A. Be unique
B. Have active users
C. Make good content liked by many people
D. Consistently put videos
E. Use a pro account
F. Promote your account
2 Sponsor Companies in your tiktok videos
Create some entertaining videos sometimes promoting and showing advertisements of companies. If your videos are seen by a large group of people, many organizations will come to you to advertise them in your videos. This will earn you fortunes if you can do it just right. Work with a brand or marketing agency and become their sponsor in TikTok to earn an high revenue. This is the same way YouTube, Google, Facebook and other companies earn loads of money. Advertisement takes a lot of money so it's a huge earning opportunity in you can show ads in TikTok. According to Business Insider you can make $0.01 to $0.02 for each sponsored view on TikTok. So if you have a video with 100,000 views, you can make 1000 dollars in sponsorships.
3 Make and sell TikTok accounts
If your account is huge others will try to buy to to run the account themselves. So earn a lot of followers, make your account massive and sell it to those people. However consider only selling themed account as personal accounts can't be easily replicated by new owners. Your themed accounts can be useful for other business companies in sectors like travelling, food and fitness, fashion, beauty, etc.
4. Take the donations gifted by your followers
In tiktok users can purchase coins by paying real money. These coins can then be used to purchase TikTok gifts. While livestreaming, users can gift the TikTokers certain gifts like Panda, Sun Cream, Drama Queen, etc that can be converted diamonds and eventually into real money through an PayPal account.
These were some of the most popular ways to earn money through tiktok. Can you believe that you can actually make a six-figure income from the social media app. The most essential skill for earning is skill and hard work, if you put in a lot of effort, than there are countless opportunities to earn money and TikTok just happens to be one.
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