Have you ever had someone on TikTok that influenced you? Maybe you feel that you must check out all of their videos. You may perk up every time you hear the notification go off on your phone for TikTok.
You are not the only one. There are millions of people who are using TikTok and who are getting inspired by others who use this platform, as well. Some of the people who are creating content are getting insane amounts of view on their videos. Others have gone viral virtually overnight.
The thing is that many people feel that TikTok is only for teenagers or young adults. However, the truth is that you can use TikTok for a business marketing tool or to make money in other ways, as well. If you want to jump on the chance to potentially make a lot of money, this platform is the place to be. There are some amazing ways to start earning money on this platform.
Keep reading to find out how you can make TikTok one of your sources for earning income.
Grow Accounts and Sell Them
One of the first ways that people started making money with TikTok is by creating and growing their accounts. Then, they sell the accounts. There are more and more people doing this now, more than ever before.
Similar to other social media platforms such as Instagram, you can choose the niche you want to create your account around and then keep going with the content in that niche. The idea is to create content that will go viral. Even if you don’t have any products or services to sell in that niche, if you can create content around that niche and go viral, others who are selling products or services in that niche would be more willing to buy your account. This is a legit way to start making money.
Many people are using TikTok Live to sell their products. They will use live streaming to launch their products. They may even hold an auction while doing a live stream. So, as you can see, if you can create a viral account, there is no reason that someone in that niche wouldn’t want to buy your account. You have given them a place that already has followers who are likely to buy their products or services.
Getting Donations and Sponsors
Some other ways that you can make money with TikTok is by getting donations and sponsors.
If you go live on TikTok, you can collect some donations for your viewers. This is interesting because it allows you to potentially start getting donations for your first day on TikTok. How do you get these donations? The other people who are on TikTok will have purchased coins. When they like something that you are doing or they want to donate to you, they will send you these coins. You can turn them into diamonds and then you can convert those diamonds into cash which you can send to your PayPal account.
You can also work on getting people to sponsor you. If someone likes the niche or the content that you are doing, they can agree to sponsor you. They will basically be paying you to advertise their products and services. In the videos that you create, you will rave about your sponsor. Your sponsor may want you to talk about their business as a whole or they may want you to talk about a specific product or service at any given time. Basically, if you have a great following, it is possible to get many people to be your sponsor.
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Managing Influencer Campaigns
You can make money with TikTok by managing influencer campaigns, too. People have been doing this for quite some time on Instagram. If you do this on TikTok, you will be the person who works between a TikTok creator and the influencer. Basically, you will be working between the two of them, helping to negotiate contracts, agreements, and making sure that both parties are holding up their ends of the deal. You will charge a fee for managing their campaigns.
TikTok already has an influencer program set in place. Due to this program, brands can already reach out to the TikTok staff and ask which influencers they should partner with. The problem is that it is going to cost them more than it would if they were working with you. If you advertise your services as a manager for influencer campaigns, at rates lower than what TikTok would be charging, you have a good chance of making money with this route.
Running Ads on TikTok
TikTok has an ads platform. Similar to the ads that are run on other social media platforms, you can sign up for this platform on TikTok, as well. Basically, if you want to advertise your products or services on TikTok, you could benefit from running some ads. You will pay a bit of money toward the ads that you run and sit back to see what happens. You might find that more and more people are purchasing your services or products because of the ads that you have run.
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Offer Management Services
Another way to make some money with TikTok is by offering your management services. There are millions of creators on TikTok and some of them have millions of their own followers. For some creators on TikTok, they become popular overnight. They need to be able to continue creating content for their account while managing everything at the same time. This can be a lot for one person to handle.
This is where you come in. You can reach out to these creators and offer management services. You could help them to create content, be their strategy manager, or offer other management services that you can come up with.
Offer Consulting Services
Finally, you can make money with TikTok by offering consulting services, as well. If you are a pro on this platform, it is time that you show others what to do. You might know how to turn a video that has 100 views into a video that gets 200,000 views. If so, then offer paid consulting services to those creators.
Using your expertise is a wonderful way to earn money. There are many people on TikTok that want to be famous. They want to be the best in their niche. You can help them to get there. By working with them on their content strategies, you can help to boost their views. Once people realize that you can help them to do this, the word is going to get out there, and you can make a great income by offering these services.
It may even be possible for you to earn a percentage of their sales after they get more customers. If someone realizes how many new customers you can bring in for them, they might be willing to offer you more money to keep boosting their revenue.
Creating Your Own TikTok Business
In addition to earning money from other people on TikTok, you can create your own TikTok business, as well.
If you already have a business, you can use TikTok to advertise and market your products and services. However, if you don’t have a business yet, you could launch your business idea through TikTok. You can start getting followers and do live streams. Through these live streams, you could auction off your products. You can talk to your viewers about all the services that you offer.
If you believe that you are excellent at capturing and holding someone’s attention within 15 to 60 seconds, then you would do great running a business through the TikTok platform. Many people have run their business through TikTok and made money by doing so. This could be the case for you, as well.
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Conclusion
As you can see, there are so many different ways that you can make money with TikTok. There isn’t just one option for everyone. Take your skills and talents – whether that is working with other people, communicating well, grabbing people’s attention, consulting, or marketing – and use those to start making money with TikTok.
There are millions of people on TikTok. Don’t let these money-making opportunities pass you by. If you aren’t already on TikTok, create your first account today and pick a way to start making money. You will never know how much you can make until you try. Some people are making $200 a video while others are making $200,000 a video. The possibilities are endless.
