TikTok provides some best ways to make money. Here are the great tracks and additional tips for building an adequate TikTok business.

Before the platform provided a small opportunity to produce money, they started the “Creator Fund” policy that pays users for the viral content on the network. Here we can discuss more about the Creator Fund and the other valuable ways to make TikTok money.

Let’s jump in.

Basics Of TikTok

You should know the best practices of the platform to understand how to make TikTok money.

Creator Fund On TikTok: It’s a self-owned method of adjusting users for content.

Coins On TikTok: In-build currency, which is used to give tips for the creators.

Pro-Account On TikTok: an individual account included with extra analytics for the creators.

Creator Marketplace: it helps the brands and businesses get the right creators to collaborate with promotional content.

TikTok Advertising: users can see the video ads in the home feeds or while opening the app.

7 Magical Ways To Make TikTok Money

Here are the seven magical ways to monetize on the platform.

Get Paid From TikTok Directly

The straightway to make money on TikTok is to utilize the newly launched method on the platform – Creator Fund.

It is established to encourage the users for their viral content but doesn’t know how much it pays off. A TikTok user can create a Creator Fund account if they attain the following points:

• They must be above 18years
• They must be in the US, UK, France, Italy, Spain, Or Germany.
• They must have 10K followers, and 10K video view counts before 30 days from applying.
• They must have a regular account with community guidelines.

Becoming famous on TikTok with above 10K followers takes more time if you post short video content. Thus, this direct paying Creator Fund strategy is hard to hit the objective. But it’s the more stable opportunity for an income source if you are into the program.

And also, there is no fixed amount per video or view. The platform clearly says that they pay content creators depending on engagements, views, and other factors.

Gather Collections

There are various ways to gather collections on the TikTok platform.

Some TikTok users who met accidents or petitioned for a terrible cause leave a link in their TikTok profile and call for support. Their only hope is these causes get in front of many audiences and grab more likes which ends up in donations.

However, an under-valued TikTok aspect is virtual items granted to users. The three types of TikTok’s virtual items are:

Coins: TikTok users can get coins with their money. Later, they can redeem them for app gifts.

Gifts: Coins acquire that a TikTok user keeps for disbursement.

Diamonds: The amount gained if the gifts are given to the content creators by the regular user. These amounts can be redeemed with real money. Diamonds can be earned only through gifts and cannot be acquired.

Diamonds To Money

They are half the coin value. Seventy diamonds are only worth $0.50. So, famous content creators with a huge audience can use this to bring up an excess of money.

The step-by-step process from the creator’s sentence

• Start creating content when creators go TikTok live.
• Viewers who step in and like the content offer gifts.
• A content creator acquires gifts from the viewers depending on the rate. The coins value the particular gifts. TikTok provides several diamonds to the content creator.
• Then the creator redeem these diamonds for the amount and transfers the fund by any third party platform like PayPal, etc.,

Don’t forget that diamonds cannot be transformed into gifts.

TikTok Marketplace

The TikTok Marketplace is the network where brands and businesses connect with creators. It can be helpful for making promotional video content, which brings the audience of famous users to gain brand awareness or more sales.

It also provides smaller brands or businesses connected to more prominent content creators who may wish to help them develop with a partnership or shout-out. This network provides data analytics for every content creator’s account, allowing brands to pick up the right creator for their products.

It is the easiest way to bring the affiliate marketing and potential of influencers.

New Music Advertising

TikTok is a great resource to gain attention for growing music artists. Because creators can make money for including music in their video content, it is done by third-party applications now that pay some money for famous users to attach video contents to songs.

Become An Influencer On TikTok

Like Twitter and Instagram, TikTok is also a perfect platform for influencer marketing.

Addison Rae is one of the great examples of this TikTok strategy. She is a part of the Creator Fund and she launched her clothing brand, Addison. By collaborating with Top TikTok Influencers she promoted her brand to a great extent. Implementing the Influencer strategy enabled her to establish social trust with quality guaranteed TikTok views and brought results beyond her expectations.  When done right, social media Influencer marketing can take brands a long way.

Every influencer campaign of hers goes around this brand promotion.

Often some influencers are involved in the following activities:

• Sponsored events
• Affiliate marketing
• Sponsored posts
• Brand ambassadors

Drive Traffic Somewhere But Not On TikTok

Users don’t drive any traffic outside TikTok within their content, but content creators link their YouTube or Instagram profiles to their accounts. These are the only two platforms accepted on TikTok till now.

You can add a clickable link in your bio section to your website. It makes you advertise that link via the content you produce, driving the audience to the targeted page.

Promoting A Service

Service promoting is the best way on TikTok to make money.

For example, if you run a fashion video, give your fans fashion tips for a fee. It’s the easiest way to make money on the platform with your knowledge and skill.

Conclusion

TikTok is an emerging network that provides many ways to monetize video content – from the platform’s Creator Fund to transforming diamonds to cash. You can also become a millionaire on TikTok overnight, but it may take some years before you acquire a fraction of that cash.

While comparing other social networks, TikTok provides good earning strategies, but one needs to spend some energy and time.

Author Bio

Anne Joseph is a passionate social media writer and working at Bouxtie. She has strong strategy skills in developing and managing social media campaigns. She loves to make new connections and enjoy the opportunity to work with social media influencers.