Making Money from TikTok: Important Tips.
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| Making Money from TikTok: Important Tips. |
Making Money from TikTok: Important Tips.
Statistics indicate that the number of TikTok users has reached one billion monthly active users worldwide in September 2021.
The app has seen significant growth of approximately 50% compared to 2019 when the number of users reached 508 million active users. The number then increased to 689 million in 2020.
Additionally, TikTok became the first non-Meta-owned app to reach three billion installations by June 2021.
TikTok is to be had in over 153 international locations and helps seventy-five one-of-a-kind languages. Users open the app more than six times a day, and in the United States alone, it is used by over 130 million monthly followers. It enables users to earn millions of dollars annually.
Therefore, it can be said that TikTok has become one of the largest social networks worldwide and a major competitor to platforms like Facebook and Instagram. This raises many questions about how to profit from TikTok and ways to maximize its potential for brand promotion and sales.
Article elements:
- How to profit from TikTok?
- Effective Tips for Marketing and Profiting from TikTok
How to profit from TikTok?
With the unprecedented increase in the number of TikTok users, many people have turned to monetizing this popular platform. For some users who have achieved their financial goals, TikTok has become a part-time or full-time job. The advantage of earning from TikTok is that it does not require a lot of creativity, and most money-making strategies on the app are familiar and somewhat similar to strategies used on other social networks like YouTube. Here are the most common ways users can profit from TikTok:
1. Collecting coins:
If you have an account on TikTok, you can earn money by hosting live streams to discuss topics that interest your followers. But how do you make money here? Well, TikTok users can purchase what is known as coins, starting at $1.39 per 100 coins. When they find their favorite content in a live stream, they can send these coins to the streamer as a token of appreciation for their efforts in creating and producing content.
The content creator can then convert TikTok coins into diamonds and then cash using supported electronic payment services like PayPal. Therefore, you need to build a strong account with creative videos to generate income through this method. If you want to withdraw your earnings, your balance must be at least $100. TikTok also allows content creators to withdraw around $1,000 per week.
In the Chinese version of TikTok known as "Douyin," content creators can promote the products they sell by adding a shopping cart feature and conducting auctions to purchase products with their followers during live streams. It is expected that this feature will be included in all TikTok accounts worldwide in the future.
2. Be an Influencer:
Why not consider becoming an active influencer on TikTok? It's not impossible, but it does require some hard work to build a dedicated and engaged audience for the videos you create.
Once you have that, you can start collaborating and partnering with various brands that want to connect with your audience.
You don't necessarily need millions of followers to pursue this winning strategy. It can start when your audience reaches over 5,000 dedicated followers. Some brands prefer to work with influencers who have thousands of followers as long as they have the characteristics of the target audience.
You can collaborate with local or small brands to build your identity and gain more experience. Initially, you may receive modest compensation, but it will increase over time, especially after engaging with major brands in your country or other countries.
All options are open to you, and all you need is a strategic plan and achievable, measurable goals to become a successful influencer.
By doing so, you become a professional in the field of influencer marketing, which aims to promote brands or sell products and services through collaboration with influential content creators on social networks like TikTok.
They act as the link between brands and potential customers, aiming to achieve specific goals such as generating new customers, increasing conversions, or raising brand awareness. This requires familiarity with the fundamentals of influencer marketing on TikTok.
3. Influencer Account Management:
Once you become proficient in TikTok and possess negotiation and effective communication skills, you can earn more money by managing influencer campaigns on TikTok.
Many individuals can convince influencers on this platform to promote brands. They act as intermediaries between companies and influencers, managing their campaigns in exchange for agreed-upon commissions or fees.
TikTok also provides influencer agencies similar to those found on other social media platforms like Instagram. TikTok has an in-house agency program that allows brands to access suitable influencers.
It also offers the opportunity to create an agency to manage popular TikTokers' accounts. This is especially useful for larger influencers who may struggle to respond to their followers' inquiries and comments or lack plans to maintain their audience and gain new followers.
4. Account Building and Selling:
Growing and selling accounts is one of the most popular ways to make money on TikTok among users. All you need to do is download TikTok, create accounts, and then proceed to create entertaining content or specialized videos that cater to specific audiences.
You don't necessarily need to have products to promote, but you can reach out to brands with similar interests to sell these accounts after growing them and increasing their followers. This method facilitates companies in selling their products and services to potential customers through TikTok.
Many organizations are interested in marketing through TikTok to increase brand awareness or expand their customer base on the platform. However, they may not have enough time to create a strong presence on the app, leading them to rely on freelancers who can create and rapidly grow accounts for them to sell.
However, the brand should not neglect to create the same quality of content that their followers prefer to maintain their engagement. This requires developing an effective content strategy and regularly interacting with the audience.
5. Supporting Other Accounts:
One strategy for profiting from TikTok is to provide support, management, and marketing services to content creators on the platform. Many TikTok content creators have millions of followers, which represents a significant asset for them.
It is essential to help and assist the owners of these accounts in maintaining their follower base by offering support. They may need assistance in developing a marketing plan to increase their TikTok followers or providing creative strategies to create attention-grabbing visual content. Therefore, you can offer these services if you possess storytelling and content marketing skills.
You can also earn money through TikTok by offering consulting services to content creators, especially since many TikTok content creators are looking to collaborate with experienced individuals to gain more views.
For example, if you have the skill and ability to help a TikTok user get 200,000 real views on a single video, why not invest in monetizing this skill? The demand for brand-building consultants on TikTok is increasing, and it allows you to leverage all the features it provides.
Effective Tips for Marketing and Profiting from TikTok:
1. Be friendly with your followers:
It is important to interact with your customers and audience on TikTok by responding to their inquiries and comments in a friendly manner. Additionally, you should understand their needs and requirements to create content that aligns with their aspirations.
This approach will increase the sense of appreciation and respect from your audience and may generate more confident and loyal customers, leading to higher profits. If you have a bad reputation and ignore your audience, your plan to make money will not succeed.
2. Be honest with your audience:
Credibility is undoubtedly one of the crucial factors that impact your online brand. Statistics indicate that 90% of users consider credibility highly important in determining their preferred brands online.
On the other hand, 79% of consumers stated that content significantly influences their purchasing decisions. Therefore, you must be honest with your TikTok followers to ensure their retention rather than losing them.
3. Include hashtags in your posts:
Creating tags or hashtags is crucial when sharing videos with your followers. They help you reach a larger audience, especially as they facilitate the process of finding your videos.
For example, if you are promoting a digital marketing fundamentals course, you may use hashtags like #digitalmarketing or #marketingontiktok, and so on. Ensure that the tags are relevant to the content you provide.
4. Target a specific audience:
If you want to succeed and profit from TikTok, it is essential to carefully define your target audience and understand their characteristics. This will help you enhance your presence on TikTok and enable you to create customized content for your audience.
5. Increase your TikTok followers:
Encouraging users to follow your account while creating visual content is important. There are automation applications that can help you gain more followers, especially as they prompt users to visit your profile. One notable app is Stim Social, which provides powerful plans for increasing followers.
6. Use TikTok referral codes:
Using referral codes allows you to add some money to your account balance. You can achieve this by sending your invitation link to your friends and colleagues to download and use the TikTok app. This is one of the easiest ways to profit from TikTok.
7. Include links to your company or products:
If you aim to build a strong brand on TikTok, you can add links to your company, products, or partners when sharing visual content on your account. This is an effective strategy for selling your products or promoting others' services and earning commissions.
8. Connect your accounts:
One important tip to increase your TikTok audience is to link your TikTok account with your social media accounts such as Instagram, Facebook, and Twitter.
You can also promote your TikTok videos on these platforms, which will increase users' access to your account and, consequently, increase views, followers, and profits from TikTok.
By following these practical steps, you can benefit from this leading marketing channel and gain profits. Starting marketing on TikTok and profiting from it will provide you with an excellent position. You will witness its benefits in the future as it rapidly rises and competes with traditional social media platforms.