How to Make Money on TikTok in 2020?
TikTok is one of the biggest video sharing platforms with over millions of monthly active users. Using this platform, one can become an online sensation in no time. We have plenty of people who’ve gained a massive amount of fan following using this platform alone. So if you too endure such talent within, then TikTok is the platform to start your journey with. People can also Earn money on TikTok. Influencers on TikTok are making way more money than you can think of.
We’ve covered all the possible ways using which guide you, how to make money on TikTok? All the methods are being used by people having massive popularity on the platform. Nowadays, TikTok is also testing the monetization system, and in the future, creators might be able to monetize their videos directly using the platform itself. But as of now, this feature isn’t available, and hence, one needs to use different methods for earning on TikTok.
Advertisers from all around the world are always interested in promoting their products in front of a vast audience. In this era of the internet, they found out that TikTok, Instagram, and YouTube are some of the great platforms to do that.
That’s why they’re contacting people on their own to talk about their products in front of people. They even pay the right amount of money to creators and money matters on how many fans following a creator.
So, if you have a huge fan following on TikTok, then you can promote some products and services and can earn money on TikTok. Such advertising firms usually contact creators, but sometimes we need to contact them on our own. Many other methods are using which one can make money from TikTok, and we’ve tried to cover all those methods here.
How to Earn Money From TikTok?
Here are the different working methods to make money on TikTok in 2020:
1. Brand Sponsorship
As we’ve discussed earlier that by promoting brands and products, one can earn a handsome amount of money on TikTok. But most creators don’t know about it or haven’t optimized their account in such a way that brands can contact them.
Let us suppose that you have more than 10K+ followers on TikTok. In this case, you’re eligible to do brand sponsorship and start earning on TikTok. The method to gain brand sponsorship is straightforward; you need to add your contact information on your Tiktok account as most of the Brands approach by using the information provided by the creators within their Tiktok Account.
If you don’t know the process to add contact information on TikTok, then here are the steps to get started:
– First, open up your TikTok app and click on Me Option.
– Then click on the Edit Profile option.
– Under the “Bio” option, write about yourself and enter the E-Mail address of yours using which someone can contact you. Brands usually reach using the creators’ E-Mail address.
That’s all for now; if any Brand’s PR agency sees your profile and believes that you might be profitable for them, then they’ll surely contact you using the E-Mail address provided. If you’re able to crack the deal, they’ll ask you to create a video as per their needs. Once the video is published, you’ll be rewarded with money.
If your follower’s response to the brand’s products turns out to be very positive, there are huge chances that the brand will contact you again. So, make sure to give your best while creating the sponsored video for the brand’s product/service.
2. Cross Promoting
Have you ever noticed that in every Tiktok profile, there is an option right next to the Follow button? It’s another feature provided by the TikTok to promote your existing Instagram or YouTube page. If you have Instagram or YouTube channel, then this feature might be an excellent opportunity to promote your page.
It’s a proven fact that one can gain a huge fan following on different platforms using cross-platform promotion techniques. Usually, when your account or video gains popularity, people do check your profile. If they found you’re running an Instagram or YouTube page, there are huge chances, and they’re going to check it out. Hence, almost all the famous creators of TikTok are using cross-platform features.
One can add their Instagram or YouTube links to TikTok. Visit the Edit Profile menu and tap on Add Instagram or Add YouTube button option. Promoting YouTube will help to gain more subscribers and more video views, and that will turn to more money as YouTube allows monetization of videos. Similarly, on Instagram, the creator can promote brands or products. Just Imagine how much money do tiktokers make? Leave a Comment.
3. Go Live
The creator can go live on TikTok, but one should have more than 1K followers. After 1000 followers, this feature is unlocked, so does the TikTok coins. If we talk about TikTok coins, the creator can exchange them in return for money. Live stream viewers can send TikTok coins to their favorite TikTok creators in their live stream. But keep this in mind that you should have a huge fan following as only then people might be interested in donating you the TikTok coins.
Users on TikTok can purchase those coins. It’s an in-app currency that can be used to reward the live streamers. People are donating thousands of coins to their favorite TikTok content creators. Hence, the very first thing you should focus on is to create some engaging and exciting content so that people will start giving attention to you.
When you’ve many TikTok coins in your wallet, you can always exchange them for withdrawing real money. This process is straightforward and can be done within the app itself. One should play very smartly while making a live stream on TikTok as it’s hard to gain real-time viewers.
We’ve tried to list all the working and possible ways to make money using TikTok. Apart from the methods listed here, there can be a lot of other methods to make money from TikTok. But most methods are generally based on promoting a brand or service.
Keep this in mind that all the methods require hard work and patience as many professional actors, artists, and models are active on TikTok. If you’re a healthy person who is creating a video in his free time, then it might be hard for you to do TikTok earning or earn money on TikTok. Consistency, creativity, and quality is the key to gain millions of followers on social media.
If you find this article useful, make sure to share it with your social media fans. This will also help them to know more about TikTok and the limitless possibilities of gaining a massive amount of fans and then making money out of that. Leave a comment down below if you want to share your TikTok experience with our readers.
Aakash is a video creator, and he’s making videos on different platforms such as TikTok, YouTube, Instagram, and more. He’s also running some Telegram channels where he communicates with his fans and followers in a much better way. He believes that in a few years, people will prefer video more than articles as video provides more information and a better understanding of the viewers.
Here is the list of top 10 TikTok influencers in India.
1. Riyaz Ali – 33.4 million followers on TikTok.
2. Faisal Shaikh – 25.9 million followers on TikTok.
3. Arishfa Khan – 23.7 million followers on TikTok.
4. Awez Darbar – 23.3 million followers on TikTok.
5. Nisha Guragain – 23 million followers on TikTok.
6. Jannat Zubair Rehmani – 20.8 million followers on TikTok.
7. Sameeksha Sud – 20.7 million followers on TikTok.
8. Avneet Kaur – 20.1 million followers on TikTok.
9. Garima Chaurasia – 18.8 Million followers on TikTok.
10. Lucky Dancer – 16.4 million followers on TikTok.