Once a TikTok influencer achieves a standard of 10,000 or 100,000 followers, it would be time to monetize the account and earn money from it.
Everybody who uses TikTok knows that Tiktok doesn’t support website links except which belongs from Youtube and Insta, so it would be a little problematic for TikTok to earn money from the follower’s option. This problem can be catered to by transferring TikTok followers on Instagram or Youtube accounts; hence an influencer should not forget to add the related Instagram and Youtube web links in his profile. (Better asking followers can do it to follow also on Instagram account)
There are several methods to get money from TikTok. Some of them we have explained here are:
- Live telecast:
Live broadcasting is the only possibility TikTok gives to an influencer for monetization. It is one of the great ways to earn money through your account.
An influencer’s fan needs to buy some TikTok Currency with their actual money with an In-App Purchases option. They can send these coins during the live telecast. An influencer can withdraw these coins from his Paypal account.
- Set off an Affiliation:
To set off an affiliation and earning a commission by vending other brands’ products is also a great idea for making income. Here we can keep in mind that a tiktoker should only promote good quality brands and be relevant to the audience’s interest. An influencer shouldn’t shatter the fan’s trust by doing a biased review of the products.
Before promoting a product, a person should ask few questions like:
- Who is the audience?
- What type of content has already been posted?
- What existing brands does he admire?
After choosing any brand’s product for affiliate marketing, add its URL on captions or in bio. A tiktoker can use bitly.com to shorten and customize his affiliation link OR can use the bio link tool, ContactInBio, and add all product web links. When followers get any interest in any product, they can buy it through the link.
- Sell TikTok shoutouts to Instagrammers:
When a person becomes famous on TikTok, he can grow his Instagram account too. He can do so by redirecting his followers by providing an Instagram link in his TikTok profile. When he acquired many followers on Instagram, he can sell TikTok shoutouts to small Instagrammers.
These shout-outs can be in the form of tagging:
- Mention clients in the posts.
- Ask fans to check out their pages.
- By sharing their posts
You can sell TikTok shoutouts orders by:
- Buy-Sell shoutouts
- Plug Hype
- Shoutouts for tiktokers:
TikTok has initiated a new feature called shoutouts that offers fans to request customized videos from their favorite influencers in exchange for a fee. The influencer will make the customized videos for the fans and sell TikTok shoutouts.
It works like this video-sharing platform offering a virtual currency known as TikTok Coins that influencers can sell to fans to purchase gifts. These gifts are exchangeable into Diamonds which an influencer can later redeem in return for actual money.
- Value of time:
Once a person makes many followers, most of them want to talk and meet him directly. A person can make money by providing them an opportunity to meet or talk on a video call. For this purpose, he can take the assistance of AcuityScheduling for scheduling such meetings.
- Sell licenses for photos/videos:
If a tiktoker has photography skills and their photos and videos get too much attention from the followers, he can make money by selling them. There are a lot of websites for selling licenses for photos, including Foap and Twenty20.
- Sell merchandise:
Selling merchandise is one of the preferred ways for tiktokers to earn money. All they need is to develop an attractive design for merchandise and upload it over Teespring. They will handle everything from making to delivering it to the followers. He will receive a fixed profit on every sale. However, TikTok is finding additional methods where the influencer can make more money from their accounts.