TikTok, with its rapid growth and over 1 billion active global users, is more than simply an entertainment platform; it’s also a money-making opportunity.
As the app evolves, so will the opportunity to monetize it.
If you’ve ever wondered how to make money with 15-second films, you’ve come to the correct place.
Here are some effective strategies to make money on TikTok in 2024.
1. Receive Donations
TikTok’s Live Gifts function lets content creators receive Diamonds, the platform’s digital currency. Viewers who appreciate your live videos can send you these gifts.
After collecting enough Diamonds, creators can exchange them for monetary rewards or virtual things.
To begin this initiative, you must be 18 years or older and have a minimum of 1,000 followers on an account that is at least 30 days old.
2. Sponsored Posts
Even if you’re a micro- or nano-influencer, brands may be interested in sponsoring your posts.
Sponsored posts involve creating material that promotes a brand’s product or service. In exchange, the brand compensates the inventor.
3. TikTok Ads
TikTok’s Ads Manager enables marketers to reach their intended demographic.
With one in every three users making a purchase based on a TikTok recommendation, it’s a powerful tool for increasing sales.
The platform provides creative tools and templates for creating attractive commercials, as well as data to track ad success.
4. Sell Products
TikTok Shopping provides a fully integrated e-commerce solution.
Creators can market their items directly by including links to them in their movies.
Additionally, the TikTok Affiliate Program enables creators to endorse relevant companies to their audience while earning commissions on sales.
5. Partnership
Collaborating with a company that complements your content might be beneficial. For example, a makeup artist may collaborate with a cosmetics brand that they admire.
Direct communication to potential brand partners might spark these relationships.
6. Music Promotion
Music marketing is popular on TikTok. Record labels frequently pay users to include specific tracks in their videos, hoping that the song would go popular.
TikTok’s PlaylistPush program allows creators to earn up to $250 per video, depending on its reach.
7. Get Enlisted
TikTok’s Creator Fund is intended to reward popular creators for producing compelling content.
To be eligible, creators must have at least 10,000 followers and 100,000 video views in the last 30 days.
This fund’s earnings are determined by a variety of factors, including the number of views and engagement.
