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How to make Money on TikTok, TikTok Business

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TikTok has taken over the social media world by storm. The lip-syncing, music video, viral clip reaction app has made enormous strides in popularity since its release for Android and iOS in 2017.  The fastest-growing social media platform globally is owned by ByteDance, a company based in China. A trending application for creating short videos, that has become incredibly popular to make money online. The app has been downloaded from online app stores more than 1.6 billion times. It is estimated around 8oo million people log into TikTok each month and while that number seems spectacular when you compare it to other social media sites. With so many people losing income due to coronavirus, people are looking for new revenue streams and earning potentials. Earning money via TikTok has become a revenue source for many because it has a lot of interest right now and TikTokers are going viral overnight. With the tremendous increase in popularity, a lot of people are trying to figure out how they can make money on TikTok. People want to jump on TikTok early so they can capitalize on all the interest today. If this sounds like you and you’re interested in how do TikTok pay, make a strive on the platform early to figure out TikTok earning, that’s what I’m covering today:

3 steps will riddle out how do Tiktokers get paid.

  1. Become a TikTok Influencer and Create your Brand:

Do TikTok pay to creators? It is the same idea for any new startup company. Select your niche. It’s important that you choose a niche that you are interested in. Who you are? What product you are going to sell? What is your target market? For TikTok, this means you should have an idea of the type of videos you’ll post and be consistent. Just like all social media platforms, you’re only as good as your content. But being a social influencer on TikTok requires a lot of effort. Your content must be fresh, interesting, unique, and updated. This means multiple new videos, every day.

  1. Set up Your Profile and Understand your Audience:

When setting up your profile, the two main areas to concentrate on are your profile picture and bio. These are the first things a user will see when deciding whether to follow you. Your bio and profile picture should make a good first impression. This will add some personality to your profile. To become an influencer, you must create content that your target audience will love. Analyze the content that receives the most engagement. Quality content on TikTok sees a lot of engagement. The more creative and entertaining your videos are, the more likely they are to go viral.

  1. Get excessive Followers and monetize TikTok earning:

This is probably the most important step, and it comes from doing Step 1 and Step 2 well. TikTok estimates range from 10,000 to as many as a million followers are needed before you can be able to monetize your account.

These 3 steps are way too essential for TikTokers to get paid. Once you have achieved large scale popularity, you can start your journey towards earning money from TikTok. Below are 5 ways for Tiktokers to get paid:

  • Growing Your Accounts and Selling them:

There are already people in this space today who are growing TikTok profiles around a certain interest. Usually, it’s a niche topic and they might not have anything to sell, but they’re going to reach out to brands in that industry and sell their TikTok profile to them. The good news for product brands is once they have that account in their hands, it’s easy to sell products. Just like other social media platforms another way that TikTokers are selling products is through TikTok Live. They are launching products while live streaming or they’re holding auctions while live streaming. So, you can reach out to those brands who would love to have access to those followers and sell them your account.

  • Get Donations as a Thanksgiving Gesture:

Another way TikTokers are getting paid is to go live and collecting donations from viewers. You can go into your profile and purchase something called coins. For a hundred coins it will cost you $1.39. When one of your favorite creators is going Live, you can send them coins as a way of giving thanks for all of their effort in creating the content they do. The creator turns the coins into diamonds and those diamonds can be converted into cash via PayPal. This feature of TikTok is exceedingly fascinating. Because It’s really a built-in monetization platform, literally from day one.

  • Influencer Marketing:

You’ve probably heard this before, and it’s similar on all social platforms. The company hires influencers to use their videos to promote their products/services/brand, in hopes of generating sales. The same concept applies to TikTok. You can be the middleman or the broker between a creator on TikTok and a brand who wants to work with that influencer. From creating the agreement, managing both parties, making sure the deliverables are all met – just being a coordinator – you can charge a service fee to manage campaigns like that.

  • TikTok Ads Platform:

Just like other Social media platforms, you can Google right now, “TikTok ads” and sign up for access to their Ads platform. TikTok offers several options for advertisers to reach their target demographic. In-Feed Video, Ads appear in the native news feed of TikTok on the For You page. In Brand Takeover, Ad appears when TikTok users open the app and completely take over the screen for a few seconds before turning into an In-Feed Video ad. So maybe you can make more of your earnings through TikTok.

  • Management and Consultancy Service:

Last but not the least, TikToker get paid by offering management and consultancy services. Some creators on TikTok have millions of followers and sometimes this happens really fast and overnight for that creator. It’s like having a business land in their lap. You could step in and offer services to help them with their content strategy, their creative strategy, maybe managing offers and deals that come their way. Likewise, once you become a pro on TikTok, and maybe you understand how someone could take a video that maybe gets a hundred views and help them get 100,000 views, well, you can simply offer consulting services.

Also Read: 50 Most Famous TikTokers in 2020-2021 in the World

What sets you apart in making money on TikTok from other social media platforms is the way it finds videos for you. As well as seeing videos posted by friends, users are recommended videos by the company’s software algorithm. TikTok delves deep into users’ behavior on the app to figure out their tastes. So, make the right kind of content and you can potentially reach millions of eyeballs. This is the reason is why TikTokers are getting sometimes millions of views to their TikTok videos with very few followers. It’s because the algorithm is picking up your video and pushing it out.

Got any other suggestions for making money on TikTok? We’d love to hear about them in the comments below.

How to make Money on TikTok, TikTok Business
How to make Money on TikTok, TikTok Business
With the tremendous increase in popularity, a lot of people are trying to figure out how they can make money on TikTok.
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Sophia James is a creative and smart content developer with almost eight years of experience in design and marketing. She’s always striving for excellence in her job and is a great leader.

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