Different Ways to Make Money on TikTok

Making Money By Live Streaming on TikTok

With over 1 billion active monthly users and more than 40 percent of users between the ages of 18 and 25, TikTok is the most popular video-sharing platform for young people. Over the years, TikTok is also trying to evolve as a money-making site for creative people. One of the easiest ways to make money on TikTok is through live streaming.

You just need 1000 followers to be able to start live streaming. If you create really good videos, you can reach there in a few weeks. However, the main question is can you actually make money by live streaming on TikTok?

You don’t make money just by live streaming, you will be making money only when other users gift you various items during the lie stream. These gifts can be converted for real cash. Therefore, earning depends on how many people gift you during the live stream. In order to receive gifts, you should be an exceptionally good video content creator.

Dropshipping on TikTok

A lot of people start dropshipping with shopify and end up losing their investment (store design cost and marketing cost) because they cannot sell even a single product, even if they sell, they are unable to recover their running cost. Therefore, if you want to do dropshipping, you need to choose a platform that is free and already has a lot of customers. Tiktok meets these criteria.

Tiktok has 1 billion users and it is free. All you need to do is start building your audience and selling dropshipping products.

In order to dropship on tiktok, you need to become a video content creator. You need to create videos about your products. Your videos should show what value the products will add to the consumers’ life.

You need to share your video regularly and share links in your description or profile.

In the meantime, you should also continue to build an audience. The more audience you have, the more chances of your products getting sold. 

If you are trying to sell multiple products, you can also try creating your store on free platforms like ebay, and showcase your products through videos, and share links to your ebay store.

You should also share your tiktok videos on other social media platforms like Pinterest, Facebook, or even youtube.

Affiliate Marketing on TikTok

 Most people do not become successful with affiliate marketing because they are not using the right marketing platforms. In my experience, youtube shorts and tiktok are the best platforms for affiliate marketing.

Here is a step-by-step process to affiliate marketing through youtube shorts and tiktok.

Choose a product that solves people’s problems or adds value to people’s life.

Order the sample product and shoot a video. In the video show the usability of the product and explain how the product can help people.

Share the video on tiktok or youtube shorts.

Share your referral link on the description, pinned comment, or profile.

Continue to make similar videos and share video frequently.

Also, try to use trending hastags (based on your niche) and trending soundtrack.

Don’t expect to generate sales just in 1-2 days, you need to consistently post videos and build an audience before you can generate sales. You should also find products with high-profit margin.

How to Make a Full-Time Living on TikTok

People have been making a full-time living on Yutube for a long time and a lot of people believe that it is not possible to do the same on tiktok because tiktok does not yet have an ad-based monetization program in all locations. However, if you work hard, you can actually use tiktok to make a full-time living.

In order to make a full-time living on TikTok, the first requirement is you need to be a full-time tiktok creator.

What does this actually mean?

You need to be a very good tiktok creator, you need to create a lot of tiktoks, and you need to spend a great deal of time making tiktoks.

Unlike youtube where you make a lot of money from adsense, on tiktok it is possible to make money only through sponsorship or selling your own products.

When you are accepting sponsorship, avoid taking a one-time deal, instead focus on monthly deals, 3-months deals, etc. The idea is to work with the same brands for a longer time and get a retainer fee.

You can scale your income by joining other platforms and offering your sponsor to promote on other platforms for little extra money. The idea is to diversify your social media activities.