For many, the idea of earning an income from social media is incredibly enticing. Influencers on platforms like Instagram can earn thousands from a single post. Many make a solid living from their accounts. TikTok is a relatively new social media platform that is incredibly popular with Generation Z. It allows users to create, upload, and watch mini amateur music videos, and has been used for a variety of viral challenges. Movement-based activities like dance and parkour, as well as comedy, have also been successful on TikTok. But, as with all social media platforms, not everyone earns money even if their clips are popular, so you have to know how to approach it if you want to bring in some cash. Here’s how to get rich using TikTok.
Get a Following
As with nearly all social media platforms, you usually can only expect to earn a significant amount of money if you have a large number of followers. In many cases, you’ll need to identify a niche and focus your content in that direction. Additionally, posting on a regular schedule gives your account some predictability, and that is enticing to fans.
You want to make sure that you build your following organically. Buying followers through services that offer that option isn’t going to work in the long term, but getting an initial helping hand from somewhere like TokMatik can be beneficial as long as you are sensible with this and don’t go too overboard with it. Instead, focus on connecting with an audience and concentrate on your area of expertise, ensuring you provide your followers with clear value. Over time, you’ll be viewed as an authority or favorite destination in that space, and that’s a great way to start moving toward making money on TikTok.
Cut Deals with Brands to Get Rich Using TikTok
Once you have a following, you can leverage that to bring in some cash. Usually, this involves making deals with brands or securing sponsors. As part of the agreement, you’ll typically plug what that company is offering in exchange for compensation. Precisely how much you can earn depends on your audience size, niche, and how appealing you are in the eyes of the brand.
Live Stream on TikTok
One of the few direct ways available for earning money on TikTok is through live streaming. Users have the ability to buy coins that they can use to tip creators. When the streamer gets coins, those tips can be converted to cash. It can be a slow process, as each coin typically isn’t worth much, but it is a method for earning money on TikTok.
Send Traffic to Your Other Social Media Pages
TikTok is fairly limited when it comes to options for earning money. It doesn’t give creators a cut of ad revenue at this time, regardless of how popular an account is or how many followers they have. While this may change in the future, if you want to increase your money-making potential, encouraging your traffic to head to your other social media pages might help.
For example, if you tell your TikTok followers to check out your YouTube page and your YouTube account is monetized, you might be able to increase your earnings there. Essentially, TikTok lets you connect with more viewers while having them go to YouTube earns you cash.
Ultimately, TikTok isn’t really made for money-making, but that doesn’t mean it can’t help you earn an income. Plus, if the company decides to cut creators in on ad revenue, it could become more lucrative reasonably quickly.
Have you ever made money on social media? Do you have any tips that can help someone get rich using TikTok? Share your thoughts in the comments below.
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Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.