TikTok is the best known for its ability to create short videos using your smartphone. As of March 2020, there have been over 1.6 billion downloads on the platform making it the most downloaded app on Google Play store. In 2020, people are looking for ways to make money online more than before, by using your TikTok account you can make thousands or millions, by following the steps mentioned below.
Please note that I will discuss the basic ways in which one can make money on TikTok. Please note that there is no “magical formula” or get-rich-quick scheme; there isn’t a secret technique that lets you post a TikTok video every day and in a month retire to Banana Island in Lekki, Nigeria. If there was, I’d be using it, not telling you about it. Rather, I’m going to talk about the basics and give you some suggestions on how to think about the monetization of the platform so that you can decide how to proceed. Making money on TikTok is like making money anywhere else — it requires work, creativity, some luck, and — most critically — on creating value so that other people want to be part of what you’re doing. If you don’t create value, you don’t make money.
FIVE WAYS TO MAKE MONEY ON TIKTOK IN 2020
1: GROWING ACCOUNTS AND SELLING THEM
Have you heard of people go their social media page be it Facebook or Instagram and then sell it off, well you can do absolutely the same for TikTok. Similar to Instagram, you pick a niche and then go ahead and create content that attracts people and goes viral. Thereby, growing a fan base for your page.
People are already growing their profiles on TikTok today around a certain interest. You might say, I don’t have anything to sell, Most people reach out to brands in the industry which their niche is created and sell their already grown profiles to them in exchange for some “mullar”.
How then can brands sell their products? Very easy, one way is through TikTok Live. People Launch products while live streaming or they hold auctions during this live streaming. You can send
One way that people are selling products is through TikTok Live. They are launching products while live streaming or they’re actually holding auctions while live streaming.
And, of course, there is the link in the bio where you can always drive your followers to purchase your product.
So, this can really be making you some side income of you really know the skills involved in building a community around a topic or niche, as you have to do is find the right buyer and then you sell-off at the right time.
Another fascinating way to make money on the platform is by collecting donations from viewers.
Here is how it works:
As a TikTok user, you can go into your profile and purchase something called coins. For a hundred coins it with the cost you $1.39.with these coins, you can send them to your favorite creators during TikTok live as a thank you gift.
The creator turns these coins into diamonds which can be converted into cash through PayPal.
When you’re a TikTok user, you can go into your profile and purchase something called coins.
For a hundred coins it will cost you $1.39.
Now, what do you do with these coins?
When one of your favorite creators is going Live, you can actually send them coins as a way of giving thanks for all of their effort in creating the content they do.
3: MANAGE INFLUENCER CAMPAIGNS
Another sure way to get money from TikTok is to manage influencer campaigns. Instagram is been used by top influencer agencies already.
Just like Instagram, you can also be the middleman or the broker between a creator on TikTok and a broad who wants to work with that influencer.
TikTok actually have an internal influencer program already built in. So instead of paying TikTok Hugh funds to broker that agreement.
You can collect a little token for doing this.
4: TIKTOK ADS PLATFORM
TikTok ads platform is the fourth way you can make money from the short video app.
Just like Facebook and Instagram ads, you can sell your products right on the platform and make more money from the platform.
Who knows your market might be on TikTok and thereby making you sell more products.
5: MANAGEMENT SERVICES
Some creators on TikTok have some millions of followers, this sometimes happens overnight and really fast. Some do not even know what to do with this, this is where you can come in as a manager and help with their content strategy, their creative strategy, maybe managing offers and deals that come their way.
So if you have that background in production or storytelling, you could definitely apply that to offering management services to TikTok creators.
READ ON: TIK TOK ALTERNATIVES IN 2020
Instagram Stories are kind of similar to Tiktok videos but they expire after 24 hours. This comes to the power of TikTok, you can publish a video today and it would still remain online till the algorithm picks it up months later and starts pushing that video into the feed of people who would like it.
The fact that your videos don’t disappear has a lot of power to it because it can drive a lot of traffic and eyeballs to you months after the fact.
There are a lot and easier ways to get millions of views with few followers on the platform, just by publishing your video.
I mean, in today’s day and age, I don’t think there’s any other app or platform that can give you those kinds of results right now.
Are you on Tiktok yet? Drop your Tiktok handle in the comments below 👇
In case you are looking for ways to make legit cash online and will want me to assist you, Feel Free to Contact Us Or Chat Me directly on ‘’Whatsapp’’ +2347018310455, at any time, Ok.