TikTok is one of the most popular and fastest-growing social media platforms in the world, with over 2 billion downloads and 1 billion monthly active users. It is a video-sharing app that allows users to create and watch short videos on various topics, such as music, comedy, dance, education, beauty, fashion, and more.
But did you know that you can also make money on TikTok? Yes, you heard that right. There are several ways to monetize your TikTok account and turn your passion into profit. In this blogpost, we will show you how to make money on TikTok in 2023 using these seven simple strategies:
1. Join the TikTok Creator Fund
The TikTok Creator Fund is a program that incentivizes users to create viral content by paying them based on their views, engagement, and quality. To be eligible for the Creator Fund, you need to meet the following criteria:
- Be at least 18 years old
- Have at least 10,000 followers
- Have at least 10,000 video views in the last 30 days
- Follow the TikTok Community Guidelines and Terms of Service
The Creator Fund pays between $0.02 and $0.04 per 1,000 views, depending on various factors. However, the exact amount is not transparent and may vary from day to day. You can apply for the Creator Fund in the app settings and withdraw your earnings through PayPal or direct deposit.
2. Create Sponsored Content
Sponsored content is essentially an ad to promote a brand or company that you post on your TikTok account. You can charge a fee for creating and posting sponsored content, depending on your niche, audience size, engagement rate, and content quality.
To find sponsors for your TikTok account, you can either reach out to them directly or join influencer marketing platforms like FameBit, AspireIQ, or Upfluence. You can also sign up for affiliate programs for products and services that align with your content and your followers. You can earn commissions for every sale or action that your followers take through your affiliate links.
3. Sell Your Own Products or Services
If you have your own products or services that you want to sell online, you can use TikTok as a marketing channel to showcase them and attract new customers. You can create videos that demonstrate how your products or services work, how they solve a problem, or how they benefit your customers.
You can also use TikTok’s e-commerce features to make it easier for your followers to buy from you. For example, you can use the Shop Now button to link your TikTok account to your online store or website. You can also use the Live Shopping feature to sell your products live on TikTok while interacting with your viewers.
4. Grow and Sell TikTok Accounts
Another way to make money on TikTok is to grow and sell TikTok accounts. This means that you create and manage multiple accounts on different niches, grow their followers and engagement, and then sell them to businesses or individuals who want to have a presence on TikTok.
You can use tools like TokUpgrade or TokSocial to automate the growth of your TikTok accounts by targeting relevant users, hashtags, and trends. You can also use tools like Loomly or Later to schedule your posts and optimize your content strategy.
You can sell your TikTok accounts on platforms like Fameswap or Trustiu, where you can list your accounts with their details and prices. You can also use escrow services like Escrow.com or Payoneer to ensure safe transactions.
5. Offer Consulting or Coaching Services
If you have expertise or skills in a certain field or niche, you can offer consulting or coaching services on TikTok. You can use your videos to share valuable tips, advice, or insights on topics that interest your followers and potential clients.
You can also use the Live feature to host live sessions where you can answer questions, provide feedback, or teach something new. You can charge a fee for your consulting or coaching services by using platforms like Patreon or Buy Me a Coffee.
6. Publish Educational Content
Educational content is one of the most popular and profitable types of content on TikTok. You can publish educational content on any topic that you are knowledgeable about or passionate about, such as languages, math, science, history, art, music, etc.
You can use your videos to teach something new, explain a concept, or show a trick or a hack. You can also use the Duet or Stitch features to collaborate with
other educators or learners on TikTok.
You can monetize your educational content by creating and selling online courses, ebooks, or worksheets on platforms like Teachable, Udemy, or Gumroad. You can also use the Live feature to host live classes or workshops and charge a fee for attendance.
7. Participate in Challenges or Contests
TikTok is known for its viral challenges and contests, where users create and share videos based on a theme, a song, a dance, or a hashtag. You can participate in these challenges or contests to showcase your creativity, talent, or humor and win prizes or cash rewards.
Some of the challenges or contests are sponsored by brands or celebrities, who offer prizes such as products, vouchers, trips, or shoutouts. Some of the challenges or contests are organized by TikTok itself, who offer cash rewards from the Creator Fund.
You can find the latest challenges or contests on the Discover page or the For You page on TikTok. You can also follow the official TikTok account or other popular accounts to stay updated on the upcoming challenges or contests.
