Wondering how do people make money on TikTok?
Using these tips can help you make some serious TikTok money fast!
If you are on social media, chances are that you’ve heard of TikTok or maybe even have your own TikTok page.
Well if you don’t have a TikTok account yet, I am here to tell you why you should join the app if you want to make money fast because it is basically an easy passive income.
With over 1 billion users a month on TikTok now is the perfect time to capitalize on using the app to make more money.
Find out 10 ways YOU can make money with TikTok, even with 0 followers!
What is TikTok
TikTok is basically a short video social media app. In fact, it is one of the world’s fastest-growing social media networks.
In 2017, Tik Tok merged with the app Musically and, from there, exploded with popularity.
It is the most used social media app for people aged 25 and younger.
As of today, it has over 1 billion active users.
Users can upload videos ranging from 15 to 60 seconds.
TikTok’s amazingly genius algorithm quickly learns users’ tastes and likes to promote more videos to users that will keep them active on the app.
This is why pretty much all brands are searching for popular influencers on TikTok.
Can You Make Money On TikTok?
Yes, you can make money on TikTok!
With it being the most popular social media app, then there are plenty of ways on how to make money on TikTok.
If you have ever wondered how do Tiktokers make money, the answer is simple, it is the most popular social media app!
First off, remember that it gives you access to almost 1 billion people worldwide!
So let’s find out more about this money-making app.
How TikTok Makes Money
TikTok makes money through paid advertising.
TikTok is hugely popular which is why brands and businesses are joining in on the TikTok Money mania.
Current TikTok Statistics:
- Most downloaded app in Google Play
- In the top 5 popular apps for Apple and Android users
- Available in over 150 countries
Now, would you like to be a TikTok Money Maker?
You should, because it’s entirely free to do, you just have to be smart about it!
It’s an easy way to make money without leaving your home!
How To Make Money On TikTok
With over 1 billion users a month on TikTok now is the perfect time to capitalize on using the app to make more money.
So here are ways YOU can make money with TikTok, even with 0 followers!
Define Your Niche
One of the most important ways to make money on TikTok is by focusing on a niche.
If you don’t already know what that means, then let me explain it.
Having a niche means you narrow down what your own personal brand stands for.
Meaning that you focus your content and message to be about one particular thing.
This is so helpful because it will make sure that TikTok shows your video to the right people, therefore, growing your audience and attaining brand awareness.
So if you want to make money as a TikTok influencer, you need to choose your niche or your own personal brand.
This is so important if you want major brands to see that you can influence that particular audience.
The most popular niches on TikTok are:
- how to’s
- life hacks
You absolutely can get popular fast doing any of these niches mentioned above, however, don’t limit yourself.
In fact, doing something different, that is not a popular niche, could make you the guru of that niche.
Just like I tell beginner bloggers who want to make money blogging, if you pick a different niche that is NOT overly saturated, then it gives you the advantage to rule the field.
Every single topic has an audience, so if you want to build your fanbase on TikTok, then have a consistent niche and keep producing videos about it.
Define Your Target Audience
Once you have narrowed down your niche, then it’s time to figure out who your target audience is.
Figure out who exactly your videos are intended for.
By targeting your audience, you can build your fanbase much sooner and even reach the brands you want to work with.
Write down who your target audience is and make a list of their entire demographic: age, gender, where they live, etc.
From there, you can figure out what content these people are wanting to watch.
It will help you plan out all of your future TikToks and be able to stay consistent.
This is the best way to gain followers fast which in turn equals more chances to make money.
Make Money With Your TikTok Bio
If you have zero followers on TikTok, don’t stress!
There are still opportunities for new users to make money through the app.
A popular trend among TikTok users is adding links and usernames to their Cash App or Venmo to their bio in order for people to support them even more.
There is also a very popular TikTok trend circulating in which people are promoting their Cash App & Venmo in celebratory ways.
Users are making videos writing their Cash app and/or Venmo on their car then at the end of the video showing off how much money they made.
These videos are usually to celebrate a graduation, birthday, or wedding. However, who says you can’t do this just for fun.
Tiktok users have received over MILLIONS of likes and views from participating in this hashtag trend alone.
If you are looking for a way to not only grow your TikTok but also make some extra cash, consider taking part in this trend.
It is such a creative way to make money!
Pick Trending Music
One of the best perks of TikTok is being able to legally use copyrighted songs on your videos.
TikTok provides plenty of trending song clips to make your video popular and stand out.
In fact, many users search just for the song. So if you use a trending music clip, chances are you will be seen by more people.
Use Trending Hashtags
If you want to be noticed then you want TikTok to promote you on the “For You Page” or as most people like to call it “#fyp”.
That’s right, just using a hashtag and an acronym can get your video featured on the ever so popular “for you page” which is where you can attract more followers to build your fanbase.
Remember, more visibility can possibly mean more money!
Trends can change as quickly as the weather, so to stay up-to-date on the latest TikTok trends then you should frequently check the trending hashtags with the discover button.
Look for hashtags relevant to your niche and target audience.
When using hashtags, think of how people search because if a person is searching using a particular hashtag that you have used, then it is highly likely your video will show up in their search results.
Don’t forget to check out what hashtags your competitors are using. This is a great way to stay on top and find out new hashtags that fit your target audience.
Become A TikTok Creator
There are certain perks to becoming a TikTok creator.
While anyone with any follower amount can become a TikTok creator, TikTok gives you bigger incentives based on how many views and followers you have.
The first step into becoming a TikTok creator is by making a pro-TikTok account.
Anybody can make their account pro as long as your account is public.
To turn your account from a regular account into a pro account, all you’ll have to do is:
- Login to your account
- Select the three dots on the top right-hand side of your profile
- Click “manage account”
- Then click “switch to pro account”
Becoming a pro account on TikTok allows you to track your analytics on your videos, therefore, knowing who your target audience is and what videos are the most successful.
You can also get other perks through this feature the more your account grows.
Like many social media platforms, TikTok allows you the option to live stream.
Since TikTok is a short-form video app, the only people who are able to access past live streams are the creators themselves through their analytics.
In order to start live-streaming on TikTok, there are only two requirements you as a creator need to complete.
First, you’ll need to make sure your account has at least 1000 followers.
Next, you have to be at least 16 years old or older.
Only people who meet these two requirements are able to access the TikTok live streaming feature.
To live stream, check the + button at the bottom of your screen.
Next, you’ll want to look at the bottom of your screen where it says “camera” and swipe over to where it says LIVE.
If you do not see the LIVE feature, chances are you have not met the full requirements listed before.
If you have just hit 1000 followers on TikTok, it can take a while to update and give you the option to live-stream, so don’t stress!
Making money by going live on TikTok is easy.
Fans send gifts to creator’s live streams by purchasing and using coins.
You are able to use the gifts you earned from streaming and cash them out.
You do not have to be in the TikTok creator fund to receive LIVE gifts.
You’ll just need to make sure that you have enabled gifting on your live stream settings before you start.
Stay Active On The App
Now I have already mentioned that TikTok’s algorithm is borderline genius.
However, did you also know that it tracks how much you use the app?
It is a social media app, so it wants you to be social!
Be consistent with posting videos and try to post at least one video a day.
Also, interact with other users by liking and commenting on their videos.
Engagement is crucial to building your fanbase, not only will it help you gain more followers but the algorithm will show your videos to more people.
Does TikTok Pay You? Yes, By Joining The Creator Fund
Many people ask “does TikTok pay you?” Well, you will be happy to know that they do pay you when you join the Creator Fund!
The TikTok creator fund is probably the easiest and fastest way to earn money through the app!
After all, it is just passive income!
If you are in the TikTok creator fund, you will get paid based on how many views your videos get daily.
You have to meet the following requirements in order to apply for the TikTok creator fund:
- Be 18+
- Have at least 10,000
- Make sure your account is in good standing with all TikTok community guidelines
Once you’ve determined that you have completed all the necessary guidelines in order to apply to the creator fund, you can now open your settings and complete the application process.
Tiktok will ask you for certain personal information for tax purposes.
However, the application process really only takes about 5-10 minutes!
Once you have sent in your application, give TikTok a few days to review it and confirm your eligibility.
Once you get approved you will start getting paid for your videos! Awesome right?
As mentioned earlier, TikTok pays you by how many views you are getting each day.
Also, from your settings, you are able to view how much money you’re making.
The minimum amount of money you’ll need in your creator fund in order to cash out is currently $10.
As of right now, you cash out your earnings on a monthly basis.
For example, all of your earnings from June 1st-30th will be available to cash out at the end of July.
You can either transfer them to your PayPal or direct deposit them into your bank.
Reach Out To Brands
If you want to make money being a TikTok influencer, then you need to reach out to brands.
You could sit back and wait for brands to come to you, which they may do eventually, or you can take matters into your own hands.
If you are new and have a small following then you should try reaching out to the smaller brands first.
Chances are you could get approved for product collaborations and get free products instead of cash, but hey it’s a start.
Once you have a substantial amount of followers, then you can reach out to the bigger brands for sponsorships.
That is when you can make money just by mentioning their name in your videos! Amazing right!
So know you know all the easy ways how to make money on TikTok!
There are so many people doing it, why not join in and make your own TikTok Money!
There is no start-up investment, this is a completely FREE platform that you can earn money from.
Many people are even earning a six-figure income by just being a TikTok influencer.
The opportunity is there if you are willing to put in the effort!