Making Money on TikTok

I am not working on TikTok, however, I have taken an interest in TikTok for a long time. I believe if you are creative if you are a good video content creator if you are a performer TikTok can be a good platform to gain exposure and make money. I know a lot of common people who came to fame suddenly because of their TikTok videos. There is this girl who lost her hands due to an accident, when she lost her hands, her husband left her. She started learning how to use her feet and trained herself to do everything with her feet including dialing a mobile and writing. When she posted her video on TikTok, people all over the world came forward to help her, and finally, she got funds to have prosthetics. Another guy got modeling contracts due to his TikTok videos. TikTok is a really good platform to showcase your talent and come into the limelight. There are a lot of ways to make money on TikTok, however, TikTok monetization is available only in a few countries. Even though TikTok monetization is limited to a few countries, you can use other methods to earn money from the platform. You can earn from gifts during the live streaming, you can promote a product or brand from your page and earn money, etc.

How to Use TikTok For Marketing

Tiktok is predicted to become the biggest social media platform in 2020. In order to use TikTok better, you need to understand Tiktok algorithm better. Therefore, here are some strategies to help with your social media marketing strategy and boost your online presence with one of the fastest growing social sites.

How to Understand TikTok Algorithm

TikTok Algorithm is a combination of your account setting, interactions, and your content. Account setting tells about your location, language, and device. Likewise, your interactions reveal who you follow, what you share, and what you like. Your content refers to your video information such as the audio, hashtags, and captions you use.

How your videos end up on “TikToks For You” Page

The key to success on Tiktok is to reach For Your Page. Here’s are some tips

Use trending and relevant hashtag on the content you share. The audio you use should be popular and trending, and also include short and engaging captions.

Making Money on TikTok Through Affiliate Marketing

TikTok videos can be a better way to market affiliate products and generate sales. You will have to first create a video about the product and publish it, you need to add the link to your bio or description.

Making Money on TikTok Through Live Streaming

Making money by live streaming on TikTok is easy. All you need to do is build 2k subscribers. You can live stream only when you have at least 2 k subscribers. You don't earn just by live streaming, you need to receive gifts from your viewers and followers, these gifts are convertible to points, and the points can be withdrawn to your bank as cash. I hear that TikTok takes 50 percent of what you make on that platform. I do not have personal experience with making money on TikTok but I hear that people are earning really well through tiktok live stream.

Monetizing TikTok Videos

Recently, TikTok has rolled out a feature where everyone from accepted countries can monetize their new and existing videos if they have at least 10k followers. Previously this feature was available only for users with 100k followers

Making Money on TikTok Vs. Other Video Sharing Platforms

Even though TikTok started the trend of short video forms, this form has been copied by numerous platforms like youtube, facebook, and instagram. While Facebook Reels and Instagram Reels are recent features to be added to Facebook and Instagram, Youtube shorts have been for a while and it works exactly like TikTok. On youtube you will earn by monetization of your channel and you can monetize only when you have at least 1000 subscribers and 4000 hours of video time, however, in order to earn from youtube shorts you do not have to meet the subscriber or views threshold. You can earn with zero subscribers and will be eligible to earn even with zero hours watch time. Youtube has 100 million USD funds for short video creators. TikTok also has funds for creators on its platform, however, TikTok is allowing only a few countries to participate in its earning program. Since youtube is a relatively newer platform, its algorithm is putting short videos to the forefront, therefore, you have better chances of earning by publishing on youtube compared to publishing on TikTok. TikTok also has other requirements such as having certain numbers of followers, belonging to certain countries, etc. It is comparatively harder to earn on TikTok.