Stop mindlessly scrolling through TikTok videos and turn your habit into a profitable business. With more than a billion monthly active users, this platform has become a goldmine for content creators and businesses alike, offering endless opportunities to make money and build a following.
From dance challenges to lip-sync videos, we’ll explore what the top TikTokers are doing to hit the big time, revealing some of the most effective strategies for turning your TikTok account into a money-making machine.
TikTok Takes Over
You probably already know this, but TikTok is one of the most popular social networking sites worldwide where people can share short videos.
In 2022, 41% of Americans used TikTok – that’s nearly half the population! Gen Z tops its active users, with 47.4% being between 10-29 years old.
You can browse TikTok as a guest without creating an account. But you’ll need to sign up and download the app before you can start making videos.
The creative filters and editing tools on TikTok are a big part of why it is so popular. You can use these to make fun and interesting videos. TikTok is also known for its catchy music, which people often can’t get out of their heads.
How Much Can You Make on TikTok?
Like most side hustles and ways to make money online, how much you can earn varies greatly. Some people make just a few dollars, while others make thousands.
How much money you can make on TikTok depends on things like how good your videos are, how many followers you have, how often you post videos and the kind of content you make. Where your followers live can also make a difference. For example, you will make more money with a large US following because advertisers want to reach American audiences.
A good guideline is to expect to make between 2-4 cents per 1000 views.
To make money on TikTok, focus on making good videos that are fun and interesting using filters and editing tools. You should also put up new videos often to keep people interested.
What Kind of Content Makes Money on TikTok?
I hate to say it, but once again, there is no one answer to this question. However, here are some of the most popular things to watch on TikTok:
Comedy sketches are some of the most-watched videos on TikTok, and their creators can make a lot of money from them. If you can make people laugh, make comedy sketches alone or with other well-known TikTokers. You could also try lip-syncing to funny songs or movies or make funny versions of TikTok trends that are already popular.
If you know how to dance or can do choreography, make videos of your original routines. You could also show people how to dance to popular songs or scenes from movies or music videos. The majority of the highest paid TikTokers are dancers.
Videos are the perfect medium for how-to videos and DIY tutorials. If you know how to cook, fix cars, or style hair, for example, make videos to teach others how to do these things. You could also teach people how to make their own versions of popular products or how to save money on things they use every day.
Daily stories can also be a great way to make money if you have an interesting or unique story to tell. You could post about your own life and daily routines or show other people how to live in a more environmentally friendly way.
How Do You Start Making Money on TikTok?
There are a few ways to make money on TikTok. Sponsorships and partnerships with brands are the most common way. Brands will pay you to create videos promoting their products or services. You’ll need a high follow count to make thousands, though.
Affiliate marketing is another option where you promote a product and get a cut of the sales. Or sell your own things on TikTok, from physical products to digital ones like e-books and courses. Again, you’ll need to reach a lot of people to make any real money.
You can also apply for the TikTok creator fund if you have more than 10,000 followers.
Depending on your goals and interests, consider starting a blog to complement your TikTok channel. Blogging can be time-consuming, and there is a lot to learn, but if you’re already creating content, why not share it in text as well? Starting a blog also gives you an added layer of protection in case anything ever happens to your TikTok account.
Combining these options is the best way to make the most money possible. For example, you could make sponsored videos that include your own products and direct people to your website to learn more.
Tips For Creating Money-Making Content on TikTok
It can be tough to know where to start if you’re looking to monetize your TikTok content. With so many users and competition, standing out on the platform and creating profitable content can be challenging. However, by following a few key strategies, it’s possible to create engaging and money-making content on TikTok.
Here are some suggestions to help you get started:
- Determine your niche based on your interests and skills
- Concentrate on creating content that will appeal to your audience and establish you as an authority
- Work with other TikTok users with the same fans or audience
- Watch videos from the top influencers in your niche
- Share their videos
- To make your videos stand out, use creative editing and eye-catching visuals
- Use TikTok’s “duet” feature to make videos with other users that have two screens
- Give paid subscribers access to behind-the-scenes content or videos they can’t see anywhere else
- Use TikTok’s hashtags and popular challenges to get more people to watch your videos
- Engage with your audience and peers
Keep in mind that making money on any social media platform takes time and effort, so don’t give up if you don’t see results right away.
Does Making Money on TikTok Come With Any Risks?
A few things could go wrong when you try to make money on TikTok. You could be kicked off the platform if you don’t follow their rules. Or your account could get hacked, and you could lose all the money you’ve made. That is if you’ve made any money because there’s a chance that you won’t.
If you’re ready to take the risk, read the platform’s terms of service carefully and think about how to keep your account (and yourself) safe and secure.
You could be one of the many people who make a lot of money on TikTok before you know it.
But I Need Money Now!
Sorry, but TikTok is not the way to go if you need money immediately. TikTok pay-outs take at least 30 days. But if you need money now, check out these 12 excellent ways to make quick cash!
What Other Side Hustles Can I Try?
What are you interested in? Because there are more than 300+ side hustle ideas, any of which could be the fortune builder you’ve been destined for.
Amanda Kay, the founder of My Life, I Guess, provides valuable career advice and support for anyone striving to make a living and, more importantly, make a life. Whether it's navigating job searches, learning new skills, overcoming unemployment, or dealing with debt, My Life, I Guess has been a go-to resource for career guidance and financial stability since 2013. Amanda's expertise and relatable approach have been featured in trusted publications such as MSN, Credit.com, Yahoo! Finance, the Ladders and Fairygodboss.