TikTok is a social media app where users can create and share short videos. As of February 2022, TikTok has over 200 million active users.
There is no one-size-fits-all answer to the question of how to make money from TikTok, as the best approach for each creator will vary. In this video, we consider the 5 best TikTok monetization strategies.
#1 Take Part of TikTok Creator Fund
The Creator Fund is a monetization method of TikTok. The Creator Fund’s revenue varies for each user and is determined by factors such as the size of your audience, the quality of your user engagement, and the frequency with which you publish videos.
To join the TikTok Creator Fund, you’ll need to meet some criterias.
Who is eligible?
Creators who meet the following criteria are eligible to apply to the Creator Fund:
- Are based in the US, UK, France, Germany, Spain or Italy.
- Are at least 18 years old.
- Have at least 10,000 followers.
- Have at least 100,000 video views in the last 30 days.
- Have an account that fits with our TikTok Community Guidelines and terms of service.
#2 Selling Products Directly to Your Fans
There is no doubt that selling products directly to your fans is a powerful marketing strategy. By engaging with your fans directly, you can generate more sales and a good amount of revenue.
Most popular type of products are print on demand products. You can design your own t-shirt, mug and many items. Only thing you need is a TikTok brand account and a significant audience.
You can also consider start a online selling business on planform like Etsy and promote your products on TikTok. Check below article to identify selling opportunities on Etsy marketplace.
#3 Sponsored Videos
Creating and sharing sponsored videos is another profitable way to earn money on TikTok. These videos have ads that are displayed before and after the video. Sponsors can pay to have their name or logo displayed in the video.
#4 Virtual Gifts on TikTok Live
TikTok Virtual Gifts is a new feature available on the TikTok app. It lets your fans give virtual gifts to you when you live streaming on TikTok.
They can choose from a variety of virtual gifts, such as virtual stickers, virtual cards, and virtual food. These virtual gifts are unique from others which can be redeemed for payment.
#5 Get Premium Subscribers
This means you can offer exclusive content for paid subscribers outside the TikTok app. There are many platforms you can use for this. The simple example is the Patreon.
Content providers benefit from subscription-based revenue models, because it generates constant monthly revenue.
You can increase your revenue on TikTok by following some simple rules.
- First, use good videos that are interesting and engaging.
- Second, make sure that your videos are well-made and have good lighting and sound.
- Finally, promote your videos through social media and other online platforms.
You can check this article also to grow your TikTok account and earn money from it.