TikTok is one of the most popular social media apps today. It has 800 million users. TikTok filled a craze in youth because of its cheerful entertainment.
As the company said, “TikTok is the world’s leading destination for short-form mobile videos”. TikTok was launched for the same reason to enable people to create short videos quickly and easily using their smartphones and to allow everyone to be a media creator.
The tikTok creator makes money by using their following strength. They are influencers and found to the businesses. Most of the creators become influencers because of creativity and authenticity.
Tiktokers who make money acquire big following base because of their creative and versatile talent. They do dances, memes, jump into whatever the trend is going on, reenactments duets to maintain their following.
They keep doing everything as of trend of their area with creativity. Businesses eagerly need such influencers to advertise their services and products. They promote businesses through their influence and credibility and get paid by the advertiser.
How To Make Money on TikTok
TikTok has popularized rapidly and emerged as a good platform for marketing and promoting businesses. But its popularity and use make it a great platform for advertisements, especially for youth-interacting products and services.
TikTok is a heart-eye place for big businesses. If you build a considerable, engaged audience on TikTok, you have worth for those brands want. If you can help them reach and understand your peers and followers, you can make a pretty amount, too.
Though TikTok has not primarily designed for monetizing neither it provides any direct earning mean to your videos. It is not well established for earning like YouTube.
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However, the video-based platform is very friendly for earning by using different ways. You can gain a handsome living from the platform. Let’s glance at the methods to make money from TikTok.
Make Money By Being An “Influencer”
Being a true influencer is the most reliable way to turn your online presence into a monetizing gate. An influencer is a person who can affect the purchasing decisions of others because of their popularity, credibility, or relationship with their audience.
You can choose this permanent way by putting directed efforts and a bulky amount of time in your expertise, so you will be able to gain a reputation among the TikTok audience. People start following you after judging your talent and creativity. You have to gain positive exposure from the audience through your video-based piece of art.
Brands value influencers because they can create trends and encourage their followers to buy products they promote. Once you become an influencer, your recommendation and opinions will be valued by your followers.
Businesses will pay you for their promotions. They will go with your promotion because of your credibility. You as an influencer have to ensure that your promotions and opinions account good and beneficial for the admirers.
Earn Through live Streaming
TikTok provides live streaming via musical.ly (formerly live.ly). The feature mainly facilitates music or song creators. You as a singer or actor can perform a live concert of lip-syncing or musical performance with musical.ly.
Users can buy “coins” using actual money via in-app purchases. Then they can tip these in-app coins to TikTok creators for creating good live content. TikTok passes 80% of that tip on the creator of live stream digitally and on building his account which signals brands that the person is growing in influence. You have to keep the tip as a digital gift and simply can convert it into real cash.
Make money through promoting your ventures
This is probably the most realistic way to make money through TikTok. You don’t need to have a huge following or national influence. The main thing you have some other business areas and you can utilize TikTok as a free platform of advertisement.
Whatever the business you own, TikTok is a great way to outreach them. You can apply Different tactics to tell and attract viewers towards your services or products. Like if you have parks, stores or cinemas you can create videos there in an enjoyable way with some promotional details of the place and its features. You can attach contact and price details with the post.
If you have some handicraft talent, you can sum a complete video of the talent and tell how good you are at.
Management and Consulting services
Last but not the least, if you have knowledge and skills of making popular content in TikTok, You have to earn in your lap. It doesn’t need to work with your channel but you can work with other actors and creators for enhancing their profile and influence.
Of course, you need to have the background and the experience in this first to offer this as a service. But once you’re there, people will pay to have your experience and your brain on their account.
If you have that background in production or storytelling, you could apply that to offering management services to TikTok creators.
We discussed some ways to make money from TikTok. However, the figure for earning depends on your interest, efforts, and technics.
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How To Calculate Earning through TikTok Money Calculator
Likigram TikTok money calculator is an analyzing tool that estimates how much money you can earn from TikTok. The tool estimates the earning of influencers by analyzing their TikTok insights including your videos likes, views, and the number of followers. The tool does not perfectly calculate as promotions and sponsorships vary for niche, country, advertiser, etc. but it allows you to estimate how much you can earn through the platform.
How To Withdraw Money From TikTok Account
TikTok offers PayPal for cash withdrawal of money from the TikTok account. All you need to provide a verified and up-to-date PayPal account.
Some terms for cash withdrawal are as under.
- The minimum amount for making a cash withdrawal request from TikTok is US$100. You can only withdraw when you have an account balance of more than US$100.
- A maximum of 1000$ of withdrawal can be made on a single calendar day.
- TikTok does not charge any fees on withdrawal. However, PayPal deducts fees as of its terms and conditions.
if you have any questions about making money on tiktok leave in comment section. I will answer to all questions as soon as possible.