How To Make Money On TikTok: 10 Best Ways To Get Extra Income

TikTok isn’t just for dancing and trends anymore. It’s one of the fastest-growing platforms to turn content into cash.

With the right strategy, you can turn views into income, whether you have a huge following or not. From brand deals to selling products, there are real ways to monetize your presence.

We selected these 10 methods because they’re accessible, profitable, and reflect what creators are doing right now to earn on the app. This list focuses on the most effective and realistic options to help you start making money without wasting time.

What is TikTok?

Tiktok is a social media platform where you can create and post short-video clips lasting from 15 seconds to 10 minutes as content. In 2022, it has accumulated over 80 million active users in the United States alone.

Content creators on this platform use their smartphones to create short and trending videos that feature dancing, comedy, education, and everything else under the sun. Videos on TikTok can range from showing different tricks to hauls, scenery, hacks, and more.

Teens aged 12 to adults in their early 20s were immediately hooked on this app because of its simple and easy-to-use features. As the app gained popularity worldwide, people beyond that age bracket got interested and made their Tiktok accounts.

A creator marketplace, TikTok is now considered a great marketing tool for business. You do not have to wait for years to start monetizing on this platform. Read on to learn how to start making money on TikTok and other similar platforms.

Who Makes The Most On TikTok?

You can make a lot of money on Tiktok, and here are some popular influencers as proof.

The dancing queen Addison Rae Esterling earns $5 million per year with just TikTok, the highest-paid influencer in the app. Followed by Charli and Dixie D’ Amelio, who gets around $4 million and $2.9 million per year.

@jiffpom, a Pomeranian dog, is the highest-earning animal on TikTok, with an average of $12,540 per video. When it comes to fitness-related content, Demi Bagby is the top-earning influencer who makes $3 million per year.

In relation to food, celebrity chef Gordon Ramsay takes the first spot with over $3.8 million in sponsored posts a year. 

You should try TikTok. Who knows? You could be the next one to earn millions!

10 Ways to Make Money from Your TikTok Account

There are different ways you can earn big bucks with your TikTok account. Here is the list we have compiled for you to start monetizing using this platform.

1. Be A TikTok Influencer

Being an influencer yourself lets you generate an income on TikTok. Build an account with loyal and committed followers, and you’ll be able to score influencer partnerships with various brands from local to international ones worldwide.

An influencer’s power has a different effect on marketing in businesses. That’s because a brand will ask for your assistance in helping them market their products or services through your TikTok videos.

Most brands will pay you in cash, coupons, or send you their products for free. There are many influencers who would grab this opportunity to partner with them in exchange for these.

2. Enlist On TikTok Creator Fund

TikTok’s Creator Fund pays creators for the significant number of views on their original, engaging, and trending videos. To join the TikTok Creator Fund program, you must be at least 18 years old and a legal resident of one of the 50 states in the US.

Here are the requirements for you to join TikTok Creator Fund:

• Your TikTok account should have at least 10,000 followers.
• You have generated at least 100,000 video views in the past 30 days. 
• You are at least 18 and a resident of the UK, US, Germany, France, and Spain.

3. Sell Your Products

One of the perks of being an influencer is using your popularity to market your merchandise. You can turn your 10K into 100K by selling your products on TikTok since it is an excellent platform to promote your products or services. 

You can sell anything on Tiktok, be it artworks, clothing lines, t-shirts, or even your online courses. As long as you deliver quality content to your followers and provide them with something they want or can relate to, promoting on Tiktok is an excellent marketing strategy for business.

4. Create Sponsored Content

Every sponsored content on social media means sure money in your account. 

Social media influencers partner with brands through invitations or pitches. They create their sponsored posts to help promote the brand’s featured products and services. The brands advertise their products via paid ads or placements in the TikTok video.

5. Grow And Sell TikTok Accounts

If being an influencer is not your plan, you can go ahead and become a TikTok expert where you can grow and sell TikTok accounts. You can offer your assistance to influencers and businesses for fast-track growth on the platform.

For a long time, people have built different social media accounts and sold them for money. Many businesses also hire people who can help them gain followers, get more views, and increase their presence on Tiktok. One example is Ramy Halloun, who earns around $30,000 yearly using the TikTok monetization strategy. 

To start selling TikTok accounts, you must build a powerful content strategy where followers will engage regularly and attract potential customers. You need to have a specific content focus and a dedicated following.

Here are some tips to build a successful account:

• Focus on a niche or theme – these types of accounts are the easiest ones to sell since your buyer will continue creating the same kind of content, such as unboxing products.
• Be authentic – making original content may be difficult. However, this can help you attract potential buyers. You can be as authentic as you can get or make a twist that will hook audiences.

Accounts that are hard to sell are personal accounts since followers may be drawn to the person instead of the content.

6. Make Money From TikTok Ads

Like other social media, you can get some money through advertising. 

The procedure is the same as any other social platform. You can start earning money through TikTok for business by using in-feed video ads, branded hashtags, brand takeovers, and branded effects to help ad revenue.

TikTok Ads creates many opportunities for businesses that aim to widen their engagement reach with their customers.

7. Virtual Gifts

Accepting virtual gifts is one way to make money. 

TikTok members can give virtual gifts and coin payments to their favorite influencers during a live TikTok session where creators, in return, can cash them out.

8. Become A TikTok Consultant

Have you heard of this one before? You can become a TikTok consultant and offer services such as helping people grow their accounts, providing suggestions on how they can attract followers, increase engagement, and grow traffic to their accounts.

TikTok consultants are in demand right now, and more people and businesses are looking for masters of this platform.

9. Manage Influencer Campaigns

The road to becoming an influencer is hard, and it takes a lot of patience, effort, and time. If you don’t have that, you can instead be the one who manages their campaign. Like the saying says, “if you can’t beat them, join them!” 

You can be a middleman between a TikTok creator and a brand. As a campaigner, you help connect their businesses to TikTok influencers and ensure that the campaign activities are achieved in return for a fee.

10. Add Affiliate Links

Adding affiliate links is one of the best ways to make an income on every social media platform. You can place the advertisers’ links on your TikTok post descriptions or bio channel where users can easily see them.

How Many Followers Do You Need To Make Money on TikTok?

You can make money on TikTok when you reach at least 1,000 followers, but you’ll have to look for brands willing to sponsor your content. You may engage through live videos to become a fan favorite and earn gifts to increase your audience.

When your fans send you gifts in different forms and coins, you will receive a gift that can be converted into a diamond on your TikTok profile. Once you have accumulated enough diamonds, you can exchange them for cash and withdraw the money through your PayPal account.

To withdraw your money, you must reach a minimum of $100. TikTok allows creators to withdraw an amount of up to $1,000 weekly. 

Other Ways To Earn Cash

If you think that Tiktok is not the best platform for you, try to look for alternative gigs to get that online income. Here are some of the side hustles you can do to make money from working at home. 

Here are the best income streams to try if you’re interested in extra earnings:

• Start a YouTube channel, and it’s easy and straightforward. Whether you’re looking for ways to make extra money from home or just need money right now, this can be perfect for your situation.
• Do you like gaming? Apps like Swagbucks, InboxDollars, MyPoints, and Mistplay let you play games in exchange for points or coins that can be turned into money and gift cards. You can turn your gaming hobby into a moneymaking venture.
• Taking surveys is another great way to earn extra cash. Websites like Swagbucks and InboxDollars will give you a sign-up bonus when you join now. You can take surveys whenever it’s most convenient for you. 
• Are you thinking of throwing your stuff? You can try to sell them on popular online marketplaces such as Poshmark, eBay, or Amazon.
• If you spend more time on your computer, you can offer services as an online freelancer or start your own blog and monetize it. Blogging has become a personal passion of mine, and I absolutely love doing it. It’s not a get-rich-quick scheme, but you can turn it into a passive income.

How Much Money Can You Make From TikTok?

When you talk about marketing strategy using influencers, the amount of money you make will be based on your number of followers. To help you calculate or estimate how much money you might be able to make based on your account stats. You can use the Influencer Marketing Hub TikTok Money Calculator.

For instance, you have 28 million followers and a 0.75% engagement rate, and you might be making up to $27,000 per post. For a micro-influencer or a person with a high number of followers yet lower than the celebrities, you can earn around $115 per post. 

Wrapping Up – How To Make Money On TikTok

Earning money on TikTok may not be simple, but it is achievable. With the proper knowledge and creativity, you can hit your goal of becoming an influencer having millions of followers, a TikTok expert or make your business profitable.

You just need to know the best marketing strategy, keep up with the trends, and be original with the videos you put out. Start creating your awesome video content now, and you’ll be on your way to making money on TikTok!

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