Are you looking to make money on TikTok in 2023? With over 800 million active users, TikTok is one of today’s most popular video-sharing platforms. Unsurprisingly, many wonder how to monetize their content and get paid for their effort.
This comprehensive guide will cover everything you need to know about getting paid on TikTok – from understanding video views and sponsored content to joining the creator marketplace and running ads. We’ll also discuss how you can learn to make money directly from your videos.
So if you’re looking to join the TikTok creator community and find out how to make money on this platform, keep reading! We’ll walk you through what it takes to monetize your content with views over the last 20 years.
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Can you make money on TikTok?
TikTok has become an incredibly popular platform, with over 800 million users worldwide. Many people wonder if they can use TikTok to make money. The answer is yes! There are several ways to monetize your TikTok account. For example, you can partner with brands and create sponsored content, create and sell products related to your TikTok content, or even join the TikTok Creator Fund and get paid for your videos.
You can also take advantage of affiliate marketing by promoting other people’s products on your channel. With some hard work and dedication, you can make money on TikTok.
All it takes is creativity and a good understanding of the platform to monetize your account successfully.
7+ Ways To Make Money Through TikTok
Making money through TikTok requires some adequate knowledge and understanding of the platform. So let us discuss each way to make money through TikTok in detail below.
1. Use Creators Fund:
The most direct way of earning through TikTok is using TikTok’s creator fund. TikTok can pay you for creating engaging content. TikTok pays you according to your video’s number of views and engagement.
You can earn 2-4 cents for every 1000 views. Once your videos start getting viral, you can easily make $200-$4000 or even higher, but this can happen only when you are 18 years old or above—the other terms and conditions for applying for the creator’s fund include:
- It would be best if you belonged to the US, UK, Germany, Spain, France, and Italy.
- Your account holds at least a 10k followers count and should be active, compiling all TikTok terms of use and guidelines.
- Your account should have at least 100k authentic views within 30 days before applying for the creator’s fund program.
- You should have at least one valid linked digital payment account.
Once you match the above eligibility criteria, you can apply for Tik Tok’s creator fund. To apply for the TikTok Creators fund, all you have to do is to follow these three easy steps.
Step 1: Open your TikTok account and go to your account settings.
Step 2: Click “Creators tools” and select “TikTok creator fund.”
Step 3: Read the TikTok creator fund agreement carefully and agree once you are sure.
That’s it! Now you have to wait for the notification from TikTok to see if you are selected for the creator’s fund!
2. Market & Sell Your Business:
TikTok is a fantastic place to market your product or service. You can use TikTok videos to promote your brand products and make people aware of your business. You can easily find your ideal customers on social media and post reels about your product. Then you can put links in your profile or post and guide people to buy your product or service.
For example, if you have a jewelry business, you can post TikTok videos showcasing your jewelry, and you can mention prices with a link in your post to guide people to buy your jewelry. A quick tip here is to use trending songs and hashtags in your video to reach more people; this way, you can generate better revenue.
3. Earn Through Sponsors:
If your accounts hold a vast follower count and your videos get a lot of engagement and views, you can promote other brands, product services, or events on your account. Famous creators on TikTok are mostly seen promoting skincare products like mama earth, Lakme, etc. Creators with fewer followers promote small businesses to earn money.
4. Sell Tik Tok Accounts:
Growing a TikTok account is not easy, but if it’s not a big deal for you, grow and sell TikTok accounts. Many celebrity fan accounts are sold to other celebrity accounts to improve the social presence of newly introduced celebrities or celebrities with less fan count. You can earn a considerable amount of money by selling TikTok accounts.
Moreover, many businesses also buy TikTok accounts with huge followers count. The ownership is transferred in exchange for money, and these businesses change the identity of the account. This way, they do not have to work to grow one.
5. Manage Creators Account:
Managing a TikTok account by creating engaging content, being consistent, interacting with the audience, and strategizing future content is a difficult task that gets even more difficult once you become a famous creator.
Therefore, famous TikTok creators hire TikTok account managers responsible for managing and growing TikTok accounts in exchange for money. Most famous business owners, influencers, marketers, etc., hire managers for their accounts, and these TikTok managers are paid a massive amount of money.
6. Promote Songs:
TikTok is the best platform to promote new songs. Many music companies’ singers and music directors pay influencers to make videos of their new songs. TikTok helps people get aware of new songs, short TikTok videos on songs trigger people’s excitement to hear the whole song, and these people reach out to the youtube channels and increase the views of official songs or music videos on the music channels.
7. Go live and collect gifts:
When you go live, your audience can share the love by sending you virtual gifts that translate into real money. Plus, the more viewers you have, the more gifts you’ll get and the more you can earn. These gifts are a touching way to express support and appreciation for you.
To start your live streaming experience:
- Tap the ‘Go Live’ button on your profile page.
- Once you’re live, interact with your viewers by responding to their comments. This will help to keep them engaged and coming back for more.
- Ultimately, remember that high-quality content is key.
The more compelling and engaging your streams are, The probability of receiving gifts from viewers increases with consistency.
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Summing Up!
Whether you are an influencer, business owner, or a mastermind who grows TikTok accounts, you can earn money through TikTok in the ways mentioned above. The time is near when billionaires from around the world will be TikTokers, so not knowing how to make money through TikTok is a mistake you should avoid.
To summarize, use the creator’s fund if you are 18 and above to create engaging viral TikTok videos. You can also become a TikTok manager if you are camera shy but have the capabilities to grow and manage TikTok accounts. This way, you can earn by working behind the curtains.
We hope you have understood how to get paid on TikTok. In the comments below, let us know your views about getting paid on TikTok.
Frequently Asked Questions:
Go to your TikTok account and follow the given steps.
Step1. Tap on “Settings and Privacy.”
Step2. Click on “Balance” and select “Live Gifts.”
Step3. Tap on “Withdraw” and register to your PayPal or Zelle account.
Step4. Confirm the withdrawal.
You need 100,000 views on your video in the last 30 days before applying for creators’ funds to get paid on TikTok.
Yes, you can convert TikTok coins into real money. For each diamond worth 5 cents, you can transfer this Tik Tok money to your PayPal account by copy-pasting your PayPal account from the PayPal app to the TikTok app.
As our Content Writer, Conway is responsible for Writing the content for our blog. With a degree in Mass Communications, they bring a unique perspective to our team and are dedicated to helping our clients achieve their goals.
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