BEST WAYS TO EARN ON TIKTOK 2023

BEST WAYS TO EARN ON TIKTOK 2023

Increase Your Earnings On Tiktok

Several of these strategies can be implemented by a company, but some call for you to turn TikTok into your own company. Every firm can use TikTok ads, for instance, to increase traffic to their online store, but earning money through TikTok's Creator Fund or by working as a brand ambassador will require more of your time.

Either you run a business that you advertise on TikTok, or TikTok is your business.

Let's look at how to monetize TikTok in 2023 without further ado.

1. Market goods By way of TikTok Shopping

In order to enable businesses to sell things directly on the platform—and stop sending customers elsewhere to do so—TikTok created TikTok Shopping in 2021. TikTok Shopping gives your profile a shopping tab so viewers may view items from your Shopify catalogue. In order to direct readers to your business, you can also tag your products in the material you post.

Do not be timid. Tell your audience about your products. While being overly promotional should be avoided, don't forget to occasionally mention your TikTok store.

2. TikTok ads to boost sales

To increase traffic to your website, online business, or even your TikTok Shopping tab, use TikTok advertisements. To increase your TikTok following, you might run in-feed image advertisements promoting your items or use TopView commercials (fullscreen takeovers) creatively. Both options can help you monetize the network.

As a top-of-funnel tool, TikTok may also be used to encourage consumers to subscribe to your email list or SMS marketing. This method can protect your TikTok account from coming out as overly salesy while still being a powerful cash generator.

Want to know more about TikTok advertisements? Watch our no-cost masterclass to learn how to use the platform.

3. Join affiliate marketing initiatives

To generate money on TikTok, you don't need to offer your own goods and services. Use affiliate marketing as a substitute to link to different products and earn a portion of each transaction when a user clicks through and makes a purchase. This is how:

- Add an affiliate link to your profile and encourage visitors from organic views to click it.

- Transmit visitors to your Facebook, Twitter, or Pinterest accounts so that you can add affiliate links there more freely.

- Add URLs and promotional codes to the descriptions of your videos. The link must be copied and pasted into the user's browser.

4. Encourage music

Get money by including music in your videos. With TikTok, almost every video contains a background song that the makers can lip sync to and dance to, and musicians are aware of the significance of this. Musicians will pay you if you have a sizable fan base and level of engagement to advertise their music in your tracks.

They are aware that if your video goes viral, their song will too, which will increase sales of merchandise, concert tickets, and downloads.

You can use TikTok to market your own music if you are (or plan to become) a musician. As TikTok is a platform for dancing and singing, posting your own beats there simply makes sense.

5. Sign up for the TikTok Creator Fund

The TikTok Creator Fund is the platform's initiative to reward users for producing interesting content. TikTok rewards you more the more people watch your videos. TikTok pays producers that contribute to their goal of keeping users on the platform (so they can earn money from advertising).

To join the Creator Fund, you must have received at least 100K video views in the last 30 days. As it's still a new concept for TikTok, be prepared to see the program develop over the ensuing months and years.

6. Post sponsored content

You will be compensated by brands to promote their goods and services; this is known as sponsored content. You don't have to have a monopolistic impact to participate. Even if the network of a microinfluencer is small, smaller firms will still pay top dollar to collaborate with them (yet).

You can reach out to brands on your own or wait for them to contact you. You can apply to join the TikTok Creator Marketplace, a platform that links well-paying companies with influential artists, if you have more than 100,000 followers and 100,000 video likes in the previous 28 days.

7. Take on a brand ambassador role

Similar to sponsored content, brand ambassadors serve as a resource for a longer period of time rather than just for a single piece. As a brand ambassador, you will probably get paid and free merchandise in return for a set number of films each week or month. Your brand ambassador arrangement gets sweeter the better your content does.

Find the brands you adore. The ideal situation is to discover a brand that enables you to grow your network, receive equipment that you genuinely enjoy, earn money, and have fun. The majority of companies have special ambassador application sections on their websites, so browse those and see if any of your favorite companies have any alluring initiatives.

8. Sign up for Patreon

Provide free material on your TikTok account while encouraging your fans to donate to your Patreon campaign to access premium content. This could be: 

Glances behind the scenes 

SWAG 

Live chats and hangouts with you on your own schedule

Community involvement

Public hollering

Be imaginative. Once you gain a devoted following, they'll want anything and everything from you. Just make sure you take the time to create relevant and worthwhile Patreon material since you don't want anyone to end up regretting their investment.

9. Locate Fresh Customers

TikTok can be a great venue for growing your consultancy or freelance business. Create an audience by publishing interesting material, and then advertise your products or services. You could need to assist a follower, or a client might come to you through word of mouth.

If you make a living building websites, showcase some of your work on TikTok. If you're an email marketing consultant, share some of your creative campaigns.

You can use your imagination to make any industry on TikTok fascinating, from plumbing to accounting to software. The point of TikTok is to have fun and let your individuality shine through.

10. Create and market accounts on TikTok

possess a talent for attracting crowds quickly? Do it as your job.

Several creators and companies would want to get a jump start on TikTok. You'll have a list of potential customers if you can quickly grow your TikTok following.

Consider prospective sectors that would be interested in purchasing a profitable TikTok account. An account devoted to kitten GIFs might be difficult to sell (although it might not be), but an unboxing profile or an account devoted to vehicles would probably sell much more quickly.

Avoid using any of these accounts for personal use. You don't want your name or face to become associated with your followers. Instead, concentrate your text on the relevant information. Growing an account can be difficult at times because of this, but it doesn't stop users like Ramy Halloun, 23, from earning $120,000 on Instagram using the same strategy.

11. Collaborate with influencers

To generate money on TikTok, you don't need a sizable following; all you need to do is tap into the creative talent that has already put in the effort to cultivate devoted viewers. To advertise your TikTok account or sponsor your products, collaborate with influencers.

Your company could succeed or fail with a single shoutout from the appropriate individual. Do you recall when Elon Musk drove the price of Dogecoin up by 600% in just one week? That is a prime instance of unintentional influencer marketing.

12. Collect Funds Through Live Gifting

Your viewers can send you coin donations while you live broadcast on TikTok (which can be traded for cash). Make incredible live streams, draw a sizable audience, and watch the money start to come in.

Be aware, nevertheless, that in accordance with TikTok's community rules, aggressively soliciting contributions is strictly prohibited. The interaction must be organic and natural.

To go live on TikTok, you need at least 1,000 followers and to earn gift points, you must be 18 years old.

13. Crowdfunding as a Method of Fundraising

People adore taking part in crowdfunding projects, whether they are funding a cause on GoFundMe or your idea on Kickstarter. By 2028, it is anticipated that global crowdfunding will reach $43.48 billion.

Also, the success rate is respectable. When you consider that just 10% of firms are successful, the average success rate of crowdfunding campaigns is a staggering 22.4%, which isn't terrible at all.

When possible, we advise starting a crowdfunding campaign for the content of your TikTok account. It's odd when a horse-loving profile uses Kickstarter to solicit funding for a ground-breaking new board game. But, almost any company can help individuals in need by raising money. No one will criticize your company, for instance, if you try to generate money for an orphanage, even if your account is dedicated to lip-syncing to country music.

14. Gather advice

Consider asking for advice if you don't have any ideas or items in mind. It's a great method for your audience to support you and the material you're producing.

The act of collecting tips on TikTok is comparable to taking out your guitar case and playing by the side of the road, or to Wikipedia's request for donations upon each visit.

A few tipping systems streamline the process:

Venmo: Visit someone's profile and donate by using their username, link, or QR code.

Buy Me a Coffee is a quick and enjoyable way for your audience to express gratitude. The platform can be used for one-time donations as well as regular memberships.

Tipeee: Tipeee wins for having the most features and being the most user-friendly. To display your profile, receive updates from tippers, display awards, and encourage community interaction, you can build a page.

15. Advise on a Brand

As the next big social medium for marketing products and campaigns, TikTok is receiving increasing amounts of investment from brands in 2023. Why not use their spending money with you?

You may advise companies on everything from how to produce content that will go viral to which influencers to collaborate with if you establish yourself as a TikTok specialist.

For consulting clients putting their toes into the TikTok realm, growth and reach will be the main outcomes. Be their mentor to ensure that they avoid foolish errors and use the appropriate language for the platform's audience.