How to Make Money from TikTok: A Step-by-Step Guide for 2024
Do you wish to convert your time and mobile data on TikTok to cash?
TikTok’s astounding growth, with over 3 billion app downloads and a daily active user base of 50 million as of 2023, underscores its position as a top-tier social media platform.
We are live on Twitter! Join our fast-growing community of scholars on X!@ngscholarsworld
— Scholars World (@ngscholarsworld) November 11, 2023
Kindly follow us, like, and share our posts to help reach a larger audience. #Scholarship #UK #EducationUSA
This thriving digital landscape offers fertile ground for monetary pursuits.
Many have already tapped into TikTok’s potential as a revenue stream, with some treating it as their primary profession.
If you’re contemplating diving into TikTok for profit, whether as a main hustle or a side gig, you’re in the right place. Keep reading for expert advice on monetizing your TikTok activities.
.In this guide, we explore the myriad ways on how to make money from TikTok using your mobile phone.
TikTok Creator Next is a gateway to the app’s monetization features. It’s designed to help creators turn their growing communities into profitable ventures. Joining TikTok Creator Next unlocks various tools to monetize your creativity and passion.
Eligibility Criteria for TikTok Creator Next:
Each monetization feature within TikTok Creator Next has unique eligibility requirements.
If you have a large followership on TikTok, you can venture into influential marketing by promoting top brands.
Sponsored content on TikTok involves creating content in exchange for value. This could be monetary compensation or other forms of remuneration.
Choose collaborations that align with your values and audience interests to maintain authenticity.
The TikTok Shop feature allows direct e-commerce integration within the app. Creators can partner with brands to sell products through TikTok Live, product showcase pages, and TikTok videos.
Requirements for Sellers and Creators:
Affiliate marketing on TikTok involves promoting products through affiliate links. You can earn commissions on sales made through these links, often placed in your bio.
If you have your own products or services, use TikTok videos to showcase them. Ensure your bio includes a link to your website for easy access.
Investing in TikTok ads can enhance your reach, whether for growing your TikTok audience or directing traffic to your e-commerce site.
TikTok’s ad platform offers various options like in-feed ads and branded hashtag challenges.
Consider offering premium content outside TikTok, such as on Patreon. This could include special video series, access to exclusive community channels, or live chats. Ensure the content is valuable to retain subscribers.
TikTok allows viewers to gift creators during live streams or videos, which can be converted into cash. To benefit from this, you need a large and generous audience.
Gifts Conversion Process:
If you’re part of TikTok Creator Next and live in a region where tips are available, you can receive tips directly from your audience through a linked Stripe account.
The TikTok Rewards referral program allows you to earn by referring friends to TikTok. Share your unique referral link, and earn reward points as your friends sign up and engage on TikTok.
TikTok Earnings in 2024
Your earning potential on TikTok varies based on your chosen monetization strategy. Brand deals can fetch up to $100,000, while the TikTok Creator Fund pays between two to four cents per 1,000 views.
Leveraging TikTok’s expansive user base and diverse monetization strategies can turn your creative content into a profitable venture.
With this guide, you’re well-equipped to navigate the myriad opportunities TikTok offers for generating income in 2024.