TikTok is the latest viral app, and if you've reached this post, it's because you're looking for opportunities to earn extra income using it. Keep reading until the end of the post and check out the ways you can make money below.
Check out these 6 tips on how to make money with TikTok:
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Increase the accounts and sell them
The first way for people to make money on TikTok is to grow their accounts and then sell them. Those who sell electronics can greatly benefit from TikTok.
Similar to Instagram, you'll choose a niche and then go ahead and create fun content, ideally content that goes viral to attract that person who would be the ideal customer for your product.
There are already people in this space today who are developing TikTok profiles around a particular interest.
It's usually a niche topic and they may not have anything to sell, but they'll contact brands in that sector and sell their TikTok profile. Many people are making extra income this way.
It's an innovative way that people have found to sell their products through TikTok Live. Have you ever thought about launching your product during a live stream?
And of course, there's the link in your bio where you can always direct your followers to buy your product.
So, if you're the type of person who loves TikTok and just wants to increase your follower count around a specific topic and build that great content community that is TikTok.
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Donations
Going live and collecting donations, like on the Twitch platform, is a method that can also be done through TikTok.
The features offered by TikTok are truly fascinating.
It's an excellent platform for those looking to make money through monetization.
From what I've seen, this is how it works:
When you're a TikTok user, you can log into your profile and buy something called coins.
What does the creator do with this coin?
All the coins earned on this platform can be converted into real money through PayPal.
In the Chinese version of TikTok, an app called Douyin has a similar next-level feature.
The cool thing is that when content creators are online, they can attach a shopping cart to the product they are selling in their programming.
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Managing influencer campaigns
The third way to make money with TikTok is by managing influencer campaigns.
This is not a new idea.
The same concept applies to TikTok. You can be the intermediary or broker between a creator on TikTok and a brand that wants to work with that influencer.
TikTok as a platform is smart; in fact, they have an in-house influencer program already built in. So, if I'm a big brand and I want to go to TikTok and say, "Hey, this is the space I'm in, which influencers should I work with?" I can do that.
The only thing is that I'll pay TikTok a percentage for brokering this deal.
That's where you can come in as a service or agency to make that deal outside of TikTok and help brands save some money.
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TikTok advertising platform
The fourth way to make money with TikTok is by using its advertising platform.
You can use TikTok as an advertising platform, just like we use Instagram and even Facebook.
It's pretty self-explanatory if you've managed paid traffic before, so if your market is on TikTok, it might be worth creating some ads, putting some budget into it to experiment, and see what happens.
Perhaps you could sell more of your products through TikTok!
See some tips:
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Management services
The fifth way to make money with TikTok is by offering management services to content creators on the app.
Some creators on TikTok have millions of followers, and sometimes this happens very quickly, overnight for that creator. It's like having a commercial space in your lap.
Use your TikTok skills to offer services and content strategy, manage offers and brands – that's the way to go.
Therefore, if you have experience in production or storytelling, you can apply it to offer management services to TikTok creators.
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Consultancy
Last but not least, when you become a TikTok pro, and maybe you really understand how someone can make a video that might get a hundred views and help you get 300,000 views, well, you can simply offer consulting services.
This is a truly excellent way to leverage your knowledge of the platform and help people who want to become famous on TikTok or creators to boost their strategy; the main goal of this tool is for your video content to be seen by thousands of people.
Of course, you'll need to build a good portfolio so that people have good references for your consulting and management skills; people will pay to absorb all that you know.
Your role in this process is to help turn an average person's profile into a viral TikTok star. That's the main purpose of using the tool; moreover, it's through TikTok that you can reach a world without geographical barriers and thus expand your possibilities.
So, in a positive way, TikTok can be a good ally for you to earn extra income.
We hope you enjoyed the tips; now all you have to do is start earning extra income through this amazing app. Remember that TikTok is a content creation tool, so use it to your advantage.
