The top TikTok accounts also make a sizable amount of money. Despite their youth, these influencers earn far more than just pocket money from their TikTok activities. Build up to having thousands of followers before considering trying to monetize your TikTok account.

Currently, women are the ones with the majority of the most popular TikTok accounts. Or that teens account for up one-third of social media site members, it makes logical.

Amount of money earned by TikTokers

TikTok requires users to be 16 years old to start earning money and 18 years old to legally deal with companies and other third parties. However, some younger broadcasters might work with their parents to promote products and earn money in this way.

The TikTok Creator Fund allows creators to monetize their content. Of course, those with over 1 million followers will make the most, but how much TikTokers produce will vary due to causes like localization and views. To be eligible, TikTokers must have at least 100,000 followers and at least 100,000 views in the previous 30 days.

Earn money with gifts from followers

When you have received enough coins to make it profitable, you can change them for actual money. The fans can offer you coins while you are live-streaming. The fake cash used by the TikTok app is called coins. Users of TikTok can buy coin packs containing between 100 and 10,000 coins. 

Each pack’s price fluctuates based on how many coins are purchased and the buyer’s currencies, with 100 digital coins occasionally costing $US0.99. As users perform in real-time, they give money from their virtual wallets to deserving TikTokers.

When a user enjoys a performance, they can use their coins to purchase items, such as diamonds or unique emojis, in the performer’s chat. The value of the various emoji varies depending on how many coins they cost, for example, leaving Diamonds, as an illustration, for the very finest performers. Up to $1,000 a day can be redeemed by TikTokers at any time using their gift points.

Earn money with influencer marketing campaigns and brand partnerships.

 TikTok is similar to many other social media platforms, such as Instagram, in that if a user becomes sufficiently well-known there, marketers will start to contact him and request him to participate in influencer marketing campaigns.

In TikTok, a “like” is by a “heart,” so if a user receives plenty of hearts for each post and frequent comments from his followers on your films, businesses may start to pay attention to and scrutinize his activity.

The TikTok user should anticipate brands that market to adolescent females showing interest in him if he is well-liked by girls between the ages of 13 and 18. Therefore, the brands will offer him their goods according to his fans and followers. For a strong brand deal, TikTokers can make $50,000–$150,000.

Tips for effective TikTok influencer marketing

Any influencer who believes his supporters watch his videos because they enjoy what he does or says rather than to hear a company’s message should be sceptical of any brand that tries to change its voice. Viewers will be dissatisfied and doubt the influencer’s sincerity if the product jars or sticks out.

He should create his script for the promotional video rather than uploading a pre-made one. Additionally, he must remember that TikTok accounts are subject to the same influencer marketing rules as accounts on other social media platforms. If he received payment to publish a promotional post, he must be sure to declare that information.

Attending events sponsored by brands can earn you money.

Due to their notoriety on TikTok, some TikTokers can make money off the network. They will frequently get money to represent them on a platform endorsed by the brand when brands seek them to attend events like Beautycon or Comicon.

Making money through selling goods

If he built up a sizable following on TikTok, he might think about opening a Shopify eCommerce site and selling goods to his followers there. They can only purchase the product promoting your company straight from your Shopify via your TikTok account. Thus, by doing this, he creates a sense of exclusivity. Because they are aware that non-TikTokers won’t be able to get it, they can wear that garment and feel somewhat unique.

He can make TikTok movies to sell various kinds of goods, not just those from a Shopify store, including handmade goods from Etsy. He can make videos showcasing things and submit them to a TikTok channel. Some niches make this much simple to accomplish than others. For instance, if you’re in the craft niche, your films might virtually serve as instructional guides on how you create your products.

Participating in affiliate marketing is a variation in selling products. By the terms of your agreement with the affiliate company, you can change the methodology used to sell products by recommending particular items to followers and inserting a link that directs them directly to a web store to make a purchase.

Get money by cross-promote on other social networks.

Many social media influencers who are well-known for their success on one particular platform have respectably successful accounts on other platforms. Because TikTok is video-based, many users also run profitable YouTube channels. It presents several opportunities for cross-promotion. Promote a potential live stream across all social media platforms, for instance, by increasing the number of people who watch it. Alternatively, you could create TikTok highlights videos that you upload to your YouTube channel, and make sure to include YouTube advertising on the front.

Conclusion

If you’re new to the platform and want to succeed as a TikToker, follow the instructions and advice provided in this article to succeed.