TikTok is mostly known as an entertaining social media platform. But what many don’t know is that you can as well make some cool cash with this app. And I’m not necessarily referring to just advertising your business on the app to get more customers.
It is one social platform for influencers and brands to leverage off as ways to market, promote, and make money. Here, we’ll see some tips on how to make money with TikTok.
- Advertising your Products.
While this is not the only means of making money with TikTok, it is one quick way to make money especially as a business inclined person. To advertise your products, you can use the TikTok ads platform but you have to sign up for it. So, if your business is on TikTok, you can create a few ads and hopefully, get more customers to sell your products to.
- Selling Accounts.
This is one of the ways to make money on TikTok. It basically works by growing an account and getting followers based on a certain interest than selling it off to brands in that industry. The product brands on the other hand gain cause once they have this already grown account, it’s much easier to sell their products. They can then sell their products through TikTok Live where they can launch products while live streaming or hold auctions while live streaming.
- Middleman Role.
Aside from creating, building, and then selling of your accounts, you can as well be the middleman or the broker between a creator on TikTok and a brand who wants to work with that influencer. TikTok already has an inbuilt program for this which is paid for, you can stand in as a service or agency to make that agreement outside of TikTok by charging lesser and thereby help brands save a little bit of money. Your work will basically be to create the agreement, manage both parties, and make sure the conditions are all met, then get paid for your service.
- Manage Accounts.
Some creators on TikTok have millions of followers and not the idea of how to effectively manage such accounts. You can choose to offer services to help them with their content strategy, their creative strategy, and also managing offers and deals that come their way but you have to have the right skills for this.
- Act As a Consultant.
To do this, you have to be a professional on TikTok. You must understand the nitty-gritty of the app. You can help people who want to be TikTok famous or they want to be creators, actually boost their strategy so their videos get seen by so many people. You can as well help them get any deals or influencer agreements, and can then even negotiate a percentage or a cut of that deal as their consultant. Your services will definitely be paid for.
- Through Donations.
You can make money in TikTok by going Live and collecting donations from viewers. To do this however, you must have up to one thousand followers. Now, in TikTok, users purchase what is called coins which they can give out to a creator as a means of appreciating their efforts. The creator then turns the coins into diamonds and those diamonds can be converted into cash via PayPal.