How to earn money on Tiktok income bd.TikTok is still relatively new, even when you allow for its previous life as Muscial.ly.TikTok 2021
1: Growing accounts and selling them
The first way people are making money from Tik Tok is growing accounts then selling them.
This is becoming more and more popular within the eCommerce or product space.
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Example of Tiktok survive various Tiktok accounts.
Similar to Instagram, you’re getting to choose a distinct segment then plow ahead and make entertaining content, ideally content that goes viral to draw in that one that would be the perfect customer for your product.
There are already people during this space today who are growing TikTok profiles around a particular interest. Usually it’s a distinct segment topic and that they won’t have anything to sell, but they’re getting to reach bent brands therein industry and sell their TikTok profile to them and other people are legit making money this manner .
The good news for product brands is once they need that account in their hands, it’s actually fairly easy to sell products.
One way that folks are selling products is thru TikTok Live. they’re launching products while livestreaming or they’re actually holding auctions while live streaming.
And, of course, there’s the link within the bio where you’ll always drive your followers to get your product.
So if you’re the sort of person to like TikTok, and you only want to grow a following around a particular topic and build that community around a particular topic, choose it then reach bent those brands who would like to have access to those followers and sell them your account.
The second way people are making money from TikTok goes Live and collecting donations from viewers (just such as you can do on other platforms, like Twitch).
I find this feature of TikTok fascinating.
It’s really a inbuilt monetization platform, literally from day one.
From what I’ve seen, here’s how it works:
When you’re a TikTok user, you’ll enter your profile and buy something called coins.
For 100 coins it’ll cost you $1.39.
Now what does one do with these coins?
When one among your favorite creators goes Live, you’ll actually send them coins as how of giving thanks for all of their effort in creating the content they are doing .
What does the creator do with this coin?
The creator turns the coins into diamonds and people diamonds are often converted into cash via PayPal.
On the Chinese version of TikTok – an app called Douyin – there’s a next-level feature almost like this. When creators are Live, they will actually attach a handcart to a product they sell. So it’s kinda like QVC or the shopping channel. you’ll go Live, hold an auction, and other people can purchase your product while you’re get over the handcart feature.
My guess is that this feature goes to return to accounts worldwide sooner instead of later.
3: Manage influencer campaigns
The third thanks to make money from TikTok is to manage influencer campaigns.
This isn’t a replacement idea. There are straight up influencer agencies to serve Instagram influencers already.
The same concept applies to TikTok. you’ll be the middleman or the broker between a creator on TikTok and a brand who wants to figure thereupon influencer.
From creating the agreement, managing both parties, ensuring the deliverables are all met – just being a coordinator – you’ll charge a service charge to manage campaigns like that.
TikTok as a platform is smart; they really have an indoor influencer program already inbuilt . So if I’m an enormous brand and that i want to succeed in bent TikTok and say, Hey, this is often the space I’m in, what influencers should I work with? I can do this .
The only thing is, I’m getting to pay a percentage to TikTok for brokering that agreement.
That’s where you’ll are available as a service or agency to form that agreement outside of TikTok and help brands save a touch little bit of money.
4: Tiktok ads platform
The fourth way you’ll make money from TikTok is by using their ads platform.
Just like Facebook and Instagram ads, you’ll Google immediately , “TikTok ads” and check in for access to their ads platform.
It is pretty self-explanatory if you’ve ever run paid traffic before, so if your market’s on TikTok, it’d be worth you creating a couple of ads, putting some budget toward experimenting there and seeing what happens.
Maybe you’ll sell more of your products through TikTok!
5: Management services
The fifth way you’ll make money from TikTok is by offering management services for creators on the app.
Some creators on TikTok have many followers and sometimes this happens really fast and overnight for that creator. It’s like having a business land in their lap.
Tiktok profile of Charli D’Amelio with 14.4M followers.
You could step in and offer services to assist them with their content strategy, their creative strategy, maybe managing offers and deals that come their way.
So if you’ve got that background in production or storytelling, you’ll definitely apply that to offering management services to TikTok creators.
Last but not least, once you become a professional on TikTok, and perhaps you actually understand how someone could take a video that perhaps gets 100 views and help them get 100,000 views, well, you’ll simply offer consulting services.
This is a very good way to leverage your expertise from the platform and help people that want to be TikTok famous or they need to be creators, actually boost their strategy so their videos get seen by many thousands, if not many people.
Of course, you would like to possess the background and therefore the experience during this first to supply this as a service. But once you’re there, people can pay to possess your experience and your brain on their account.
And if you help them get any deals or influencer agreements, you’ll even negotiate a percentage or a cut of that deal just because you’re their consultant and you’ve got helped them go viral on TikTok.
So there you’ve got it. Six ways in which I see people making money from TikTok today, even while it’s still really, really early .
Let’s return to my first point at the start of this video.
Why do I, an Instagram marketer, think that TikTok could be more powerful than Instagram?
The way I see it, Instagram stories are quite almost like TikTok videos, but they expire after 24 hours. this is often where TikTok is powerful. TikTok is really almost like YouTube, meaning you’ll publish a video today, but maybe the algorithm picks it up months later and starts pushing that video into the feed of individuals who would really like it.
The fact that your videos don’t disappear features a lot of power thereto because it can drive tons of traffic and eyeballs to you months after the very fact .
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That reason alone is why people are becoming sometimes many views to their TikTok videos with only a few followers. It’s because the algorithm is learning your video, and pushing it out.
Again, there’s tons of interest and not tons of content. therefore the algorithm is pushing it bent the people that it thinks are getting to be receptive thereto content. And – hello – awakening to many views with only a few followers.
I mean, in today’s day and age, I don’t think there’s the other app or platform which will offer you those sorts of results immediately .
I am on TikTok, so plow ahead and find me. I’m over @EliseDarma and hopefully by the time we connect, I’ll have played around with a couple of more videos and perhaps even one among them has gone viral. that might be pretty awesome.
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