How to earn money on TikTok – a straightforward way
TikTok has something for everyone, from humorous animal videos and viral dances to clever visual tricks and mimes to famous tunes.
As with YouTube and Instagram, individuals use TikTok to earn money and develop a career as an influencer. However, how do you begin?
Read our comprehensive guide to earning money on TikTok, including how to increase video views and earn money from sponsored posts.
How to monetize TikTok
TikTok’s popularity has exploded in recent years. In the UK, it has over 17 million monthly active users, up from roughly six million in 2020. Meanwhile, TikTok is on track to achieve 1.5 billion users worldwide by 2022.
Thus, how can users profit from TikTok’s rapidly rising audience?
There are three primary methods for earning money with TikTok:
profiting directly from TikTok through its Creator Fund
collaborating with companies on sponsored content
marketing your own products via the platform
To put yourself in a position to earn money, you’ll need to take the following critical steps:
develop your following – with roughly 50,000 followers, you may begin catching the attention of businesses.
Develop a focus — If you have a limited following, having a speciality in an area such as history or fishing will help you get attention.
Post often – stay consistent and avoid losing momentum by taking lengthy gaps between postings.
TikTok is well-known for its viral dances and music videos; are you able to integrate the newest trend into your content?
engage your fans – the more contact you have with your followers, the more successful your sponsored posts will be.
How many TikTok followers do you need to earn money?
As is the case with any social media sites, the more followers one has, the more money one may earn.
However, with TikTok, it is not necessary to have millions of followers to earn money. If you have between 50,000 and 150,000 followers, you are referred to as a micro influencer,’ while those with less than 50,000 followers are referred to as ‘nano influencers.’
To earn money directly from TikTok, you must have a minimum number of followers and at least 100,000 video views in the previous 30 days. Continue reading to learn more about the TikTok Creator Fund.
How to get money on TikTok with less followers
With roughly 10,000 followers, you may begin earning money if you can establish an engaged following that is focused on a certain activity or subject.
Establish trust with your audience, and they’ll be more receptive to your sponsored content. As a consequence, companies will contact you more often to advertise their items.
If you’re generating sponsored content on TikTok, ensure that you adhere to all applicable government advertising regulations.
Along with increasing your follower count, you’ll want to concentrate on the following:
increasing the number of views on your video
establishing your unique brand
Increasing follower engagement
sustaining a following throughout time
How much money does TikTok give its users?
The revenue potential of TikTok is limitless, yet it varies.
Each year, the site generates millions of pounds for some of the world’s most well-known producers. For instance, the Digital Marketing Institute reports that US creative Addison Rae has earned almost $5 million from her TikTok videos.
The most popular producers may earn up to £10,000 every article, according to estimates. However, it’s doubtful that you’ll be able to earn a living straight from TikTok unless all of your videos have a high level of interaction.
That is why it is critical to consider a variety of income sources, such as collaborations and goods.
You may estimate your revenue with the help of a TikTok money calculator.
If you need immediate cash, you can order Direct Lender online loans for any financing you need.
How is your content doing on TikTok?
If you want to make money on TikTok, it’s critical to monitor your content’s performance.
Analyzing data enables you to determine which strategies are effective and if your audience is engaged with your content. This information might be beneficial if you’re trying to convince businesses to join with you.
To see your TikTok statistics, go to your profile, hit the three dots in the upper right-hand corner, pick ‘Creator Tools,’ and then ‘Analytics.’
Three parts will be included in your analytics:
Overview – this section allows you to see follower growth, profile views, video views, and interactions over time.
Content – this feature enables you to analyze the performance of any video you upload, although data is accessible only for the previous seven days.
Subscribers – This page allows you to discover where your audience comes from and when they are most engaged.
How did the TikTok Creator Fund come to be?
In the United Kingdom, the TikTok Creator Fund is a component of Creator Next, a TikTok project that assists creators in scaling their content.
Along with the Creator Fund, Creator Next members have access to the following:
TikTok Creator Marketplace — a platform that connects creators with brands and agencies in order to collaborate on content.
LIVE GIFT REDEEMING – artists who receive presents from their fans during live broadcasts may exchange them for money.
Video Gifts — a new revenue stream for makers of short films. They may trade any presents they get for cash.
Tips – creators who enable this option will get tips from fans who want to financially assist them.
How is the Creator Fund structured?
Therefore, how does the TikTok Creator Fund function? Once admitted to Creator Next, you may begin using the Creator Fund.
The Creator Fund will compensate you depending on the number of views and interaction on your videos. You will be compensated only for films that comply with TikTok’s Community Guidelines and Terms of Service.
Once you begin receiving payments, the funds will show up on a Creator Fund Dashboard. You may then withdraw funds to a payment network such as PayPal.
What are the qualifications for the Creator Fund?
To become a member of Creator Next in the United Kingdom, you must satisfy the following criteria:
at least 18 years of age
meet the required minimum number of followers (dependent on region, but usually around 10,000)
have received at least 100,000 views on your video in the previous 30 days
have at least three recent posts
Ascertain that your account complies with TikTok’s Community Guidelines.
How to increase your TikTok followers
The secret to growing a TikTok following is to understand your audience and provide material they want to watch.
Additionally, you’ll need to publish consistently and communicate with your audience if you want to grow your following.
Here are five fast methods to help you grow your following and increase your TikTok views:
Utilize trending hashtags and popular or suggested tracks – By including hashtags and popular music into your postings, you enhance your chances of getting featured on more people ‘For You Page.’
Take advantage of current trends — by putting a unique twist on a popular trend, you may improve your visibility. However, TikTok trends change often, so stay current.
develop ties with other producers — by collaborating on material with other influencers, you may expose your pieces to a broader audience.
take part in TikTok challenges – Creating your own TikTok challenge or adapting a current one might help you expand your audience.
develop shareable content of high quality – Proper lighting and sound enhance the attractiveness of your films, making them more likely to be shared.
What is the optimal timing to submit a TikTok video?
TikTok enables you to observe when your audience is engaged, so schedule your updates accordingly.
As is the case with other social media sites, the best times to upload material are the mornings, nights, and Sundays. Consider the times when your audience is most likely to be on their phone and tailor your approach accordingly.
Other than that, how else can you earn money on TikTok?
If you want to become an influencer and earn money via affiliate marketing, having a multi-channel plan is critical. This entails cultivating a following across many channels, including Instagram, YouTube, and TikTok.
Developing your online brand across many channels may help you reach a larger audience, establish trust with your followers, and eventually generate additional revenue possibilities.
Having said that, here are some other methods to earn money just with TikTok:
Promotions of songs — record companies and promoters often pay influencers to promote their artists’ songs.
gather virtual gifts and tips – by providing material that your fans appreciate, you may earn more cash. TikTok features a number of excellent tools (described above) that might assist you in collecting gifts and tips.
generate in-feed advertisements – Utilize TikTok Ads Manager to market your products or services.
become a consultant – if you’re currently generating money on TikTok, new creators may engage you to provide advice and ideas on how to get started.
Suggestions for establishing a self-employed company
If you want to earn money via TikTok, you’ll need to ensure that you’re paying the correct amount of tax and carrying the appropriate insurance.
To get started, read our guide to self-employment and learn more about the types of company insurance you may need.