The rise of TikTok has created an incredible new opportunity for content creators of all ages to monetize their skillset online. Of course, this is easier said than done.
Earning money on TikTok will take a lot of consistency and effort or a “lightning strike” of luck that brings followers and viewers to your content. But, even with plenty of competition, there are still many noteworthy ways to monetize your TikTok and grow your income successfully and turn it into a full-time job.
How to Make Money on TikTok
- Get a sponsorship (or several!)
- TikTok Creator Fund
- Become a TikTok Influencer (Micro)
- User Generated Content
- Sell Your Products
- Create digital products
- Affiliate marketing
- Connect with your other social media accounts (including Instagram)
- Bonus Idea: Use Your TikTok Earnings to Invest
Lets dive into each one of these individually.
Get a sponsorship (or several!)
Creating sponsored content is one of the best (and most profitable) ways to monetize your TikTok account. This means brand deals with brands who want to promote their products and services on the app. You’ll get paid for each post you share, depending on how many followers you have, your engagement rate, and the reach of each post.
It also means you need to have enough followers and engagement to be attractive to potential sponsors. With that in mind, if you want to pursue sponsored content, focus on growing your following and increasing your posts’ engagement.
Once you partner with brands for sponsored content, it’s up to you to be creative and develop exciting ways to show off their products or services. It’s also a great way to make money quickly, as you can negotiate payment for each post before it goes live.
TikTok Creator Fund
It’s not expected to be available in Canada until later in 2023. But, for now, the Creator Fund is one way TikTokers in the United…