Picture this: you’re scrolling through TikTok, watching entertaining videos, and suddenly it hits you – why not turn your love for TikTok into a money-making venture?
Well, you’re in luck!
TikTok isn’t just a platform for sharing funny videos; it’s also a place where you can earn some extra cash in 2023.
Whether you’re a TikTok pro or just starting out, this guide will walk you through the simple steps to make money on TikTok.
Scroll down and start reading the tips to let the dollars roll in.
What is TikTok?
TikTok is a social media platform and mobile app that allows users to create, share, and discover short-form videos. It was originally launched in 2016 by the Chinese company ByteDance under the name Douyin for the Chinese market and later rebranded as TikTok for international users.
The app quickly gained popularity worldwide, particularly among younger users.
Here are some key features and aspects of TikTok:
- Short-Form Videos
TikTok is known for its short videos, typically ranging from 15 seconds to one minute in length. Users can record and edit videos with music, effects, filters, and various creative tools.
- Content Variety
The platform hosts a wide range of content, including lip-syncing, dancing, comedy sketches, tutorials, challenges, and more. TikTok’s content is diverse, catering to various interests and niches.
- Music Integration
TikTok has a vast library of licensed music that users can incorporate into their videos. This has contributed to the platform’s popularity for music-related content and dance challenges.
- Algorithm-Based Feed
TikTok uses a recommendation algorithm that presents users with a personalized feed of content based on their preferences and interactions. The “For You Page” (FYP) is where users discover new content that aligns with their interests.
- Engagement and Interaction
Users can like, comment on, and share videos. The platform also encourages engagement through features like duets, where users can create side-by-side videos with others, and challenges that invite users to participate in specific trends.
- Privacy Settings
TikTok offers privacy settings that allow users to control who can view their content, comment on their videos, and interact with them.
- Live Streaming
Users can go live on TikTok, interacting with their audience in real-time and receiving virtual gifts from viewers.
- Trends and Challenges
TikTok is known for viral trends and challenges that can quickly spread across the platform. These trends often involve specific songs or creative concepts.
- Monetization
TikTok provides opportunities for content creators to monetize their efforts. This can include the TikTok Creator Fund, brand partnerships, affiliate marketing, merchandise sales, and more.
How Many Views and Followers Do You Need to Make Money on TikTok?
Here is a detailed overview on how many followers and views you should have to make money on tiktok.
- Views
To monetize your TikTok content, especially through the TikTok Creator Fund and sponsored content deals, you need a substantial number of views.
While there’s no specific threshold set by TikTok, aiming for at least 10,000 to 50,000 views per video is a good starting point.
Keep in mind that TikTok’s algorithm can boost your video’s visibility, so a video with just a few views can suddenly go viral.
- Followers
While a large follower count can open doors to more opportunities, it’s not the only factor in monetizing TikTok.
Brands and advertisers often look for creators with an engaged audience, which means they care more about your ability to connect with your followers than just the number of followers you have.
However, having at least 10,000 to 50,000 followers can make you more appealing to potential partners and advertisers.
It’s important to note that TikTok’s algorithm can catapult your video to millions of views overnight, even if you have a small following.
So, creating engaging, shareable content should be your primary focus to maximize your chances of earning money on TikTok.
What is TikTok Creator Next?
TikTok Creator Next is an exclusive program designed to nurture and support promising content creators on the platform. The benefits of being part of this program are substantial.
Members often gain early access to new features and tools, receive promotional support from TikTok, and may even get direct funding to fuel their content creation efforts. These benefits can significantly boost your growth and earnings potential on TikTok.
- Recognition
Joining TikTok Creator Next is not just about the perks; it’s also a recognition of your creative talent and dedication as a TikTok creator. It’s a mark of honor that can help you stand out in the vast TikTok community.
- Growth Opportunity
TikTok Creator Next aims to help creators grow their audience and reach new heights on the platform. This growth can open up more opportunities for monetization, such as brand partnerships and sponsored content deals. Being part of this program can act as a stepping stone to a successful TikTok career.
How Do You Get TikTok Creator Next?
Becoming a part of TikTok Creator Next is an accomplishment that many TikTok creators aspire to achieve. While TikTok doesn’t publish a definitive checklist for selection, there are proven strategies to increase your chances of catching TikTok’s eye:
1. Quality Content
The foundation of TikTok Creator Next, as with any success on the platform, is creating high-quality content.
Dedicate time and effort to craft original, engaging, and innovative videos that resonate with your target audience. Consistency is key; the more you post great content, the higher your chances of being noticed.
2. Engagement
Interaction with your followers and the broader TikTok community is crucial. Respond promptly to comments on your videos, answer questions, and actively participate in discussions and trends. High engagement levels demonstrate your commitment and popularity.
3. Community Building
Building a supportive and engaged community is paramount. Encourage your followers to engage with your content through likes, comments, shares, and duets. A strong and active community can catch TikTok’s attention.
4. Collaborate with Others
Collaborating with fellow TikTok creators, especially those in your niche or with similar interests, can expand your reach and visibility. Cross-promotion introduces your content to new audiences.
5. Utilize Hashtags and Trends
Using relevant hashtags and participating in trending challenges can increase your visibility on TikTok. The platform often highlights creators who actively engage with popular trends.
6. Stay Informed
Keep up with TikTok’s announcements and updates. When TikTok opens applications for TikTok Creator Next or similar programs, ensure you meet the eligibility criteria and apply promptly.
Remember that TikTok Creator Next is a recognition of your talent and dedication as a creator. While these strategies can help you get noticed, they do not guarantee entry. The key is to continually improve your content and engage with your audience, which can lead to greater success on TikTok, whether or not you become part of TikTok Creator Next.
How to Get Paid on TikTok?
Earning money on TikTok involves multiple avenues, allowing creators to monetize their content. Here’s a detailed breakdown:
1. TikTok Creator Fund
To participate in the TikTok Creator Fund, you typically need to meet specific criteria regarding followers and views.
This program pays creators based on video performance. TikTok shares a portion of its advertising revenue with eligible creators, calculated based on engagement metrics such as views, likes, and shares.
2. Sponsored Content
Brands and companies often collaborate with popular TikTok creators to promote their products or services.
Creators can negotiate sponsored content deals, where they create videos featuring the brand’s offerings in exchange for payment. The payment varies based on factors like follower count, engagement rate, and the brand’s budget.
3. Affiliate Marketing
Creators can earn commissions through affiliate marketing. They include affiliate links in their video descriptions, and if their followers make purchases through those links, the creator earns a commission. Effective affiliate marketing requires selecting products or services relevant to your audience.
4. Merchandise Sales
Established TikTok creators can leverage their popularity to sell merchandise. This can include clothing, accessories, or digital products. Creators often collaborate with print-on-demand services to produce and fulfill orders.
5. Live Streaming Gifts
TikTok Live allows creators to interact with their audience in real-time. During live streams, viewers can purchase virtual gifts for creators, and creators receive a portion of the revenue generated by these gifts.
6. Brand Partnerships
Collaborating with brands for long-term partnerships can provide creators with a steady income. These partnerships may involve creating content that aligns with the brand’s message, values, or product offerings. Compensation varies based on the terms of the partnership.
7. TikTok Creator Effect Rewards
TikTok occasionally offers rewards to creators who use specific effects or features in their videos. These rewards can include monetary incentives and are usually part of TikTok’s efforts to promote certain features or trends.
8. TikTok’s Creativity Program
TikTok may invite creators to participate in its Creativity Program. In this program, creators receive creative briefs and are compensated for producing content that aligns with TikTok’s promotional objectives. This program often involves producing high-quality, creative videos.
9. TikTok Series
Creators may be paid to produce a series of videos centered around a particular theme or topic. TikTok may select creators who have demonstrated expertise or creativity in a specific niche for these opportunities.
10. Advertising Revenue
For creators with a large following, TikTok may offer opportunities to share in the revenue generated from in-app advertising. This typically requires a substantial following and a track record of creating high-engagement content.
Earning money on TikTok is a gradual process that often starts small and grows as you gain followers and establish your brand. Success requires consistent high-quality content, engagement with your audience, and exploring different monetization strategies that align with your niche and audience demographics.
How to Make Money on TikTok by Watching Videos?
While TikTok isn’t primarily a platform for users to make money by watching videos, there is a way to earn a little extra cash through TikTok’s Reward Program. Here’s a detailed guide:
Step 1: Open TikTok and Access ‘Rewards’
Launch the TikTok app and navigate to your profile by tapping “Me” in the bottom menu. Next, tap the three dots in the upper right corner to access settings. Choose “Balance and Withdraw” to find the “Rewards” section.
Step 2: Enable TikTok Reward Program
If you haven’t already, enable the TikTok Reward Program by following the on-screen instructions. You’ll typically need to link a payment method, such as a PayPal account, to receive your earnings.
Step 3: Watch Videos to Earn Points
Once you’re part of the TikTok Reward Program, you can start earning points by watching videos. The more videos you watch, the more points you accumulate.
Step 4: Convert Points to Cash
After accumulating a sufficient number of points, you can convert them into cash. TikTok sets specific exchange rates for converting points to cash, which may vary. Keep an eye on these rates to maximize your earnings.
Step 5: Withdraw Your Earnings
Once you’ve converted your points into cash, you can withdraw your earnings to your linked payment method. TikTok typically provides options like PayPal or other supported methods.
It’s important to understand that making money by watching videos on TikTok is a relatively modest income source. The primary purpose of the Reward Program is to incentivize user engagement and interaction with the platform.
While it can provide some extra cash, it’s unlikely to be a significant income source compared to other TikTok monetization methods, such as the TikTok Creator Fund, sponsored content, or affiliate marketing.
To maximize your earnings on TikTok, consider creating your own engaging content and exploring the various monetization opportunities available to creators.
Watching videos can be a fun way to earn a little extra, but it’s not a substantial source of income on TikTok.
How to Make Money on TikTok Without Followers?
Contrary to popular belief, you can generate income on TikTok even if you don’t have a massive following. Here are some strategies to make money without relying solely on your follower count:
1. TikTok Creator Fund
While the Creator Fund typically requires a minimum follower count to join, the eligibility criteria are relatively low compared to other platforms.
Focus on creating engaging content that attracts viewers, and as your video views increase, you can qualify for the Creator Fund. Earnings are based on video performance, not just follower count.
2. Sponsored Content
Brands may be interested in collaborating with creators who produce high-quality, niche-specific content, regardless of their follower count.
Showcase your expertise and create compelling content in your chosen niche to attract potential sponsors. Reach out to brands or join influencer marketing platforms to find partnership opportunities.
3. Affiliate Marketing
Affiliate marketing allows you to earn commissions by promoting products or services in your videos. Even with a small following, you can leverage your niche expertise to recommend products relevant to your audience.
Include affiliate links in your video descriptions, and earn commissions when viewers make purchases through those links.
4. TikTok Live
TikTok Live provides an opportunity to earn money through virtual gifts from viewers. Engage with your audience in real-time, showcase your talents or knowledge, and encourage viewers to send gifts. Over time, these gifts can accumulate into a significant source of income.
5. Sell Digital Products
If you possess a particular skill or knowledge in a niche (e.g., cooking, fitness, art, or education), consider creating and selling digital products such as e-books, courses, or templates. Promote these products in your videos and provide a link for interested viewers to purchase.
6. Offer Services
If you have a skill that can be offered as a service, like graphic design, consulting, or coaching, promote your services through TikTok videos. Share examples of your work and encourage interested viewers to contact you for inquiries or bookings.
7. Crowdfunding
Some creators turn to crowdfunding platforms like Patreon, Ko-fi, or Buy Me a Coffee to receive financial support from their dedicated fans. Offer exclusive content or perks to your supporters as an incentive to contribute.
8. Join Content Challenges
TikTok often hosts sponsored content challenges or contests. Participate in these challenges, as they offer cash prizes to winners. Even with a small following, your creative entry might win and earn you money.
9. TikTok Shop
TikTok Shop allows creators to sell physical products directly through their TikTok profiles. You can create and market your own merchandise, which may include clothing, accessories, or other items relevant to your content or brand.
Remember, building a substantial following takes time, so don’t be discouraged if you have a small audience at first. Focus on producing quality content and exploring these monetization strategies to make money on TikTok, regardless of your follower count.
Read More: TikTok Empowers Users with New Text Post Feature
What Else can you do to make Money on TikTok?
TikTok offers various income streams beyond the ones mentioned earlier. Here are more ways to diversify your TikTok earnings:
1. TikTok Creator Effect Rewards
TikTok occasionally offers rewards to creators who use specific effects or features in their videos. These rewards can include monetary incentives and serve as an additional source of income.
2. TikTok’s Creativity Program
TikTok may invite creators to participate in its Creativity Program. In this program, creators receive creative briefs and are compensated for producing content that aligns with TikTok’s promotional objectives. This program often involves producing high-quality, creative videos that showcase your skills.
3. TikTok Series
Creators may be invited to produce a series of videos centered around a particular theme or topic. TikTok may select creators who have demonstrated expertise or creativity in a specific niche for these opportunities.
4. Consultation Services
If you’ve built expertise in content creation or digital marketing on TikTok, offer consultation services to businesses or aspiring creators looking to grow their presence on the platform. Charge fees for your expertise and guidance.
5. TikTok Workshops and Classes
If you excel in a particular skill or niche relevant to TikTok, consider hosting online workshops or classes. You can charge participants a fee for access to your educational content and live sessions.
6. Content Licensing
If your TikTok videos have gone viral and gained widespread attention, consider licensing your content to media outlets, TV shows, or advertising campaigns. You can negotiate fees for the use of your content.
7. Merchandise Partnerships
Collaborate with merchandise companies or platforms to design and sell branded products featuring your content or personal brand. These partnerships can provide a consistent source of income.
8. In-App Challenges and Contests
Participate in TikTok’s sponsored challenges and contests that offer cash prizes to winners. Look out for announcements about these opportunities within the app.
9. Virtual Events
Host virtual events, workshops, or meet-and-greets for your fans and followers. You can charge admission fees or offer exclusive content during these events.
10. Video Editing Services
If you excel in video editing, offer your editing services to other TikTok creators who may need help enhancing their content. Charge a fee for your editing expertise.
Remember that TikTok’s constantly evolving landscape offers various opportunities for creators to make money, so it’s essential to stay engaged with the platform and explore new avenues as they emerge.
Diversifying your income streams can help you build a sustainable and profitable TikTok career.
How Much Money Can You Make on TikTok?
Earnings on TikTok can vary significantly, but to provide a rough estimate, many TikTok creators with a substantial following (100,000 to 1 million followers) can earn anywhere from $500 to $5,000 per month from ad revenue through TikTok’s Creator Fund and brand partnerships.
Creators with exceptionally large followings (over 1 million followers) have the potential to earn even more, with some making tens of thousands of dollars per month or more.
It’s important to note that these estimates are rough averages, and actual earnings can be higher or lower based on factors like engagement rates, content niche, geographic location, and the willingness of advertisers to collaborate with a particular creator.
TikTok’s popularity and advertising ecosystem continue to evolve, so these figures may change over time. Success on TikTok also often involves diversifying income sources, including merchandise sales, sponsored content, and affiliate marketing, which can further increase earnings for popular creators.
Conclusion
Hence, TikTok has emerged as a platform where creative individuals can turn their passion into a source of income. While the potential earnings on TikTok can be substantial, it’s essential to recognize that success on the platform requires dedication, consistent content creation, and audience engagement.
By building a strong presence, enabling ads, and exploring various monetization options, content creators can unlock the financial benefits of their TikTok journey. Remember, the TikTok landscape is continuously evolving, offering new opportunities for both aspiring and established creators to thrive.
For more insights and tips on maximizing your TikTok earnings, we encourage you to visit Hazehunt, a valuable resource for content creators seeking to navigate the dynamic world of social media and digital marketing.
Explore Hazehunt for in-depth guides, strategies, and the latest trends to take your TikTok game to the next level!
