How to monetize Tiktok audience for more profit margin?
Most people think only being an influencer makes you money from Tiktok. That’s not true! Our business experts have compiled this Article for you. You get all the top 6 most profitable methods to make money. Do it passively and learn how to flip money.
TikTok creators fund it directly. Yet affiliate marketing, launching own products & collections, is more profitable. Doing paid brand partnerships makes you huge money from sponsored posts.
Keep moving to explore what you need to start this money-making process.
When can you start earning money on TikTok?
Monetize your TikTok through creator funds. You have to fulfill certain requirements before applying to monetization.
Youtube has some requirements before being eligible to make money. 1000 subscribers and 10000 hours of watch time is their basic requirement. TikTok introduced similar requirements.
- Followers: You must need to have 10,000+ real followers. It is not possible to get monetised with bots or fake followers. Be honest with Tiktok!
- Views: In the last 30 days, you must exceed 100,000+ views. It shows that you are an active creator with an active audience.
- Country & age limitations: 18 is the minimum age for monetization. This program is only available in certain countries like US, UK, and others. Check your country’s status on the monetization page. TikTok is adding more & more countries in monetization eligibility.
Stay updated to see new requirements. Yet if you want to make money in other ways, then no need for such requirements. Make money easily if you have followers and an engaging audience. In the following section, I have described 6 ways to make money from Tiktok. Don’t skip that!
How to monetize TikTok?
You get the audience’s attention, now it’s up to you how to convert it. Attention is a new currency in the digital world, opening new opportunities for you too. Let’s see how to convert it into money without further delay.
- Affiliate Marketing
Some Tiktok accounts make content on specific niches. It does lower your audience pool but makes it a very engaging one. You further use their engagement in conversation through affiliate marketing.
You may have noticed cool gadgets on TikTok. In those videos, they say if you wanna buy it, check the link in the bio. Most of cases, it’s affiliate marketing.
So what is Affiliate marketing?
Simply put, A brand has some products, and you promote them. They won’t pay you any upfront costs; you have all creative freedom. Your followers will buy those products through your affiliate link. Brand tracks your sales and gives your commission to you.
It is not as easy as it sounds because convincing people is difficult. This takes a few months to gather such a responsive audience. I have done affiliate marketing as a college student. Do affiliate marketing If you are young & energetic without any initial investment. You won’t need any big upfront costs.
The best affiliate program is Amazon Associates, but it has some Terms & Conditions. Click bank is a notable one. Better to go with the best-paying affiliate programs. Google search for your targeted product with the keyword “Affiliate program.” It shows affiliate programs with different commission rates.
- Dropshipping or PL Products
This idea sounds the same as the upper one, with some major differences. In affiliate marketing, you won’t have your own products & Responsibilities. However, it changes when you launch your product line. There would be different models for this.
- Dropshipping:
- Find Dropshipping suppliers from Aliexpress or CJ Dropshipping.
- Build your Shopify store and connect with Tiktok.
- Publish Tiktok videos and drive traffic towards your store.
- Sell products and ask your suppliers to fulfill them.
In that case, you need less money to start, and it’s less risky. Dropshipping is a saturated market, but some niches are underrated. Better to start if you bear some losses. Early entrepreneurs scale businesses easily. It takes some time if you only focus on organic reach. Sales would be inconsistent.
Suggested reading: Tiktok Dropshipping
- Private Label (PL):
Now this thing is a more sophisticated way of making money. It’s like building your brand of a certain product. It involves all business creation steps, like sourcing, branding, and marketing.
You must have a certain amount of capital to start. It could be risky, so don’t take it lightly. Follow this business model if you are an experienced entrepreneur.
Do paid marketing along with organic marketing. Also not limit yourself to TikTok only. Expand to other platforms as well. You focus on creating content for each social media platform. Then build a huge audience and drive sales.
- Collaboration
Brand loves attention and exploring new audiences. They approach you for sponsored content. You make a TikTok video for them and earn money. It is the widely used way to monetize TikTok users by posting sponsored content.
You have to Explore Tiktok Creator marketplace to get these brand deals. Provide information about your TikTok content and your target audience. It is a detailed process, and they ask many questions like
- How many followers do you have?
- What is your niche and the topics on which you make content?
- What is your audience engagement rate?
- How long could you make a video?
- Do you need creative freedom so brands share their content ideas?
There are many questions like this, and better to discuss them in detail. They provide their affiliate link to monitor your performance & results. Promoting brands is profitable, and they pay content creators a good amount. You create content and earn money, but it does not happen quickly. It takes months or years to build such a big account. Everyone does it, but you must be interested in your targeted topics. Cars, books, makeup, entertainment, and many other topics are best. You get paid directly unless you have an agent who deducts his fee.
- Customized collections
Do you love art and exploring artistic things?
If yes, then Hang on.
Find your audience’s interests and set up your own small business. Better to launch customized products with an artistic touch.
A few days ago, I saw a man painting the back cover of an iPhone. It was not only getting him millions of views but also new clients too. You get an engaged audience when you show your art in the video.
Any Tiktok account grows dramatically and with millions of TikTok audiences. If you don’t show your face, you also sell TikTok accounts.
If you are a painter, paint people with their permission. You also accept personalized content requests. This is exclusive content & make money through long-form Youtube videos.
Etsy & Shopify are the best platforms to sell this art. I prefer Etsy as it has an existing artistic audience to buy things. Home decor is a big niche for this. See youtube tutorials to learn & post them on your TikTok Profile.
- Collect tips & Tiktok Creator fund
Youtube has a large number of creators, and it is mainly due to their monetization. Tiktok’s creator fund is similar to Youtube monetization. They see your views & engagement and send money to your creator fund. TikTok Creator fund users have to attach their bank account or payment gateway.
Also, if you want to collect money from viewers, there is an option. Apply for permission to collect tips in your TikTok Account. Also, earn money from Tiktok rewards and other methods. You only get monetized if your content aligns with Community guidelines.
You won’t need other tipping platforms like Patreon. However, if you want to offer a subscription to your content, then Patreon is best. Keep your subscription costs low to earn more money and followers.
- Blogging
You have a good audience on Tiktok, and now what?
Blogging is one of the profitable revenue streams in the Digital age. Web blogging is trendy, and also it opens many doors. If you have a good audience, keep it interactive and drive them to your blogging website. It generates extra revenue from Google ads.
Post sponsored content on your blog through guest posting. Make a good impression on clients as you have a proper website. Keep this in your complementary income streams. If you want to publish ebooks & sell services, it helps a lot.
You just need a domain on your name and hosting for the website. The risk is too low, as most people visit organically. Mention the website address in the video descriptions for more visibility. You further generate affiliate links for your website too.
Sell your customized art, content, and many more on your website. Building a website would take a few weeks; use WordPress for an easy process.
Suggested reading: How To Sell On Tiktok
FAQs about How To Monetize TikTok
Can you connect your Shopify shop and TikTok channel?
Yes. Add Tiktok sales channel like you add the Facebook channel. It syncs all the products from your visible catalog. All of your products will be available on Tiktok Shopping. Customers shop for your product easily without complex processes.
How many views does it take to monetize TikTok?
You need 100,000+ views along with 10000 followers to be eligible. Remember, it is for the Creator fund, available only in a few counties. In the case of influencer marketing, you need enough followers to get paid campaigns.
How many TikTok followers do you need to make $2,000 a month?
It does not depend on followers to make a certain amount. You need 10000 followers to be eligible for these programs. Later, it all depends on your views and different revenue streams to make money. In some methods, followers don’t even matter to make money.
What’s Next
TikTok is a new social media app that got a huge audience in a short time. Many Dropshippers use it and make huge money. Dropshipping shipping times and finding profitable products is a huge problem. Customer complaints ruin all the trust between them.
How to get winning products with fast shipping for a TikTok audience?
Leelinesourcing has thousands of Dropshipping winning products with ad creatives. Contact us to outsource them cheaply for an extra profit margin NOW!
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