Within a few months of its release in 2017, the TikTok app had become a global viral sensation. TikTok is one of the most popular entertainment apps, allowing users to make and share video clips as well as live streams. It’s similar to YouTube but with small video content and the most recent music trends. In 2019, TikTok surpassed Instagram and Facebook as the third most popular non-gaming app. Influencer marketing is the main cause behind this. People who have the ability to persuade others can earn money by just using their TikTok account.
TikTok is a creative platform with a lot of business opportunities, but there’s not a lot of practical advice on how to make money with it. You could be disappointed if you’re searching for a quick approach to make a lot of money. Even playing at 7Slots, too, you can also make quick money, but initially, it requires patience to learn how things work. TikTok isn’t a get-rich-quick scheme, and you won’t see profits right away. If you wish to make money this way, follow the instructions outlined below.
Making a short video isn’t that difficult but making money on TikTok is, as one must create quality content that is different from others.
Make a Name for Yourself
Whether you’re a solo content creator or a small firm, having a consistent brand strategy is critical. This means that your brand should be present in every aspect of your business, including TikTok. You should have a firm grasp on the types of films you’ll post, and once you do, stick to it.
Keep these points clear in mind while planning content for your account:
- Who are you?
- What exactly do you do?
- What is the demographic of your target market?
Make Content That Your Intended Audience Will Enjoy
Your achievement is only as great as your content, and good content takes time and effort to create. Your TikTok content should be original, new, engaging, and relevant to your target audience. This could imply uploading several new videos each day. Focus on these three aspects to develop interesting content that sells:
- Grab your audience’s attention in every way. The content should not deviate from the interest of your targeted audience.
- Utilize emotion to lead.
- Mix up your video content while staying true to your brand hence creating different content each time.
Build a Fanbase
This is obviously the most significant and necessary of the three steps, and it results from the completion of the above two steps. It is expected that you’ll need at least 100,000 followers to truly monetize your TikTok account, especially if you want to get paid directly from TikTok. You should understand what your customer wants to view on TikTok and provide material to them on a daily basis, just as you should understand their consumer behavior.
After gaining a big fanbase, you can follow these steps that will help you in building an income.
File an application for TikTok’s Creator Fund
The TikTok Creator Fund is an excellent tool made for TikTok to help creators gain rewards through their platform.
TikTok took this initiative through its creator fund so that content creators on their platform feel rewarded. One of the best parts of this fund is that it is not like other platforms that offer you rewards based on marketing revenue. Rather creator’s fund grows with your account and with the quality of content you are posting. User fund also depends upon views on content from real accounts and geographic location.
The earnings will dynamically change with changes in views on users’ content.
To use the Creator Fund user must fulfill these requirements.
- The user’s age should be 18 years minimum.
- The user must have 10,000 real followers.
- Users must have 100k views on videos, and the views should be from real accounts.
- The user’s geographical location must be in the following regions: the United States, the United Kingdom, Germany, Italy, France, and Spain.
- Users must produce genuine and unique content that is according to community guidelines provided by Tiktok.
Note: The user must have access to a pro account to file for this fund. Follow these steps to apply for the program: go to account settings, select “Pro Account,” and select “TikTok Creator Fund.”
User’s rewards appear on Creator Fund Dashboard. This reward appears according to TikTok’s algorithm that works by accumulating the video views on your content. The user has 30 days to redeem these awards and can transfer them to PayPal or Zelle.
Collaborate with Businesses and Advertisers
TikTok is already so popular these days that businesses and marketers pay a good amount of money to TikTok artists to make content for them that can hit their targeted audience. Marketers try to reach those artists who are already famous on this platform. Hence TikTok creator marketplace is a good platform for businesses to grow.
Receive Donations on Live Streaming
Another direct approach to making money on TikTok is to host live streams. During live streaming, viewers can donate presents that they can buy with virtual money acquired on the platform. The TikToker can then cash out the gifts in “diamonds” (TikTok’s virtual credits) to a PayPal account. However, there are two requirements: creators must be at least 18 years old, and followers must be at least 18 years old to acquire coins.