How to Make Money on Tiktok

It’s becoming easier and easier to make money on TikTok the more the platform grows and evolves. Whether you are an established creator or looking to become one, there are tons of ways to make money on the popular app.

[Edit]Steps

[Edit]Go Live

1. One of the most straightforward ways to make money on TikTok is to go live and ask for donations. Entertain viewers on Live and they can send you TikTok coins they've purchased when they like your content or what you're doing. You can collect coins as TikTok diamonds, which can be converted to real cash in PayPal.^[1]
   
2. There are a few requirements to go Live and make money:^[2]
   
   • You must be at least 18 years of age.
   • You must have at least 1,000 followers.

[Edit]Join the Creator Fund

1. TikTok's Creator Fund encourages authentic, creative content from any creator on TikTok. There is no limit to the number of creators who can join the fund, so you may be eligible right now or you can work towards eligibility.
   
2. To join the fund, you must:
   
   • Be based in the US, UK, France, Germany, Spain, or Italy.
   • Be at least 18 years old
   • Have at least 10,000 followers
   • Have at least 100,000 video views in the last 30 days
   • Have an account that fits TikTok’s community guidelines and terms of service^[3]
3. How are funds calculated? There are a couple of factors that go into calculating how much money you’ll earn from the fund. Your cut of the fund will be based on:
   
   • The number of views your video gets
   • The authenticity of your views (verifying that real accounts are interacting with your videos and not fake followers or bots)
   • The level of engagement on content (amount of comments, likes, and shares)
   • If the content is in line with Community Guidelines and Terms of Service

[Edit]TikTok Ad Platform

1. If you are a small business owner, try advertising your product on TikTok with TikTok's Ad platform. By selling your products on TikTok, you can make more money off your talents - whether you sell art, food, or anything else.
   
   • TikTok’s Ad platform is still in beta testing, but you can create an Ad account and start a new campaign right now.
   • In ad campaigns, you can select the objective of your ad, your budget, and where you want your ad to go.^[4]

[Edit]Join the TikTok Creator Marketplace

1. TikTok has created a platform specifically for brands and creators to collaborate.^[5] Becoming a brand ambassador on TikTok is a gold mine for any creator. Join the marketplace to make videos about a brand’s product and get paid in return.
   
   • TikTok’s marketplace allows brands and creators to choose collabs based on data collected by TikTok, like audience demos, growth trends, and best-performing videos. ^[6]
   • Check out TikTok’s Marketplace here.

[Edit]Act as a TikTok Consultant

1. After you have mastered some of these methods and earned a decent following, you can make money by explaining the process to others. As a TikTok Consultant, you can advise brands or influencers on the latest trends and methods to expand their TikTok clout.
   
   • Some TikTokers make up to $150,000 a year advising brands. ^[7]

[Edit]References

1. ↑ https://lifezeazy.com/how-to-make-money-tiktok-live/
2. ↑ https://www.tiktok.com/creators/creator-portal/en-us/foundations-for-success/going-live/
3. ↑ https://newsroom.tiktok.com/en-gb/tiktok-creator-fund-your-questions-answered
4. ↑ https://www.socialmediaexaminer.com/how-to-advertise-tiktok/
5. ↑ https://brands.joinstatus.com/contact-brand-ambassadors-on-tiktok
6. ↑ https://creatormarketplace.tiktok.com/
7. ↑ https://www.vox.com/the-goods/2020/3/6/21155067/how-to-make-money-on-tiktok-consultant-seansaucetv

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via Peter