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Can you earn money from TikTok? Definitely.
TikTok users can definitely make money while entertaining viewers on the platform.
The video-sharing app doesn’t have as many monetization options as YouTube. TikTok won’t even pay you no matter how many followers and views you have.
But you can’t ignore the fact that TikTok is the most downloaded app of 2020, which means it has a promising income-earning potential. As long as you post interesting content and find creative ways to make money, becoming a TikToker will be worth your time and effort.
Table of Contents
1. Affiliate marketing.
Posting affiliate links is the fastest way to earn money on TikTok. Sign up for the affiliate program of different brands and add your affiliate or referral link to your TikTok bio or any of your videos.
In your live streams, encourage your fans to click the link on your bio to buy the product you’re promoting. For every purchase made through your affiliate link, you earn a commission.
2. Live streaming.
If you have at least 1,000 followers on TikTok, you can make money through virtual tipping. When you go live and viewers appreciate your video, they send you digital coins that can be converted into cash.
3. Brand sponsorships.
Like other social networks, TikTok is a good platform for influencers to earn money from partnering with brands.
If you’re a new TikTok user, you need to grow your fanbase first. Share awesome content regularly, use hashtags in your posts, and cross-link your other social media accounts with TikTok.
Once you’ve amassed a huge following on TikTok (like around more than 10,000 fans), you’ll attract brands that may approach you for sponsorship deals. Essentially, TikTok influencers are paid to promote a brand, usually through product placements and mentions.
4. Selling your music.
If you create music for a living, you can also make your tracks available on TikTok. Use a music distribution network to upload your music to the TikTok music library. When your song is used in TikTok videos, you’ll be paid royalty fees.
5. Promoting your own business.
You can use TikTok to sell your products or services for free. In your posts, mention that you’re selling something through your website and then share the link through your bio.
Advertising on TikTok is an option for businesses that want a wider reach. But it requires a minimum budget of US$ 500 (roughly Php 25,000) for an ad campaign.
Go back to the main article: How to Earn Money Online in the Philippines: An Ultimate Guide