How to Make Money on TikTok: 15 Proven Ways in 2024

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In today’s fast-paced digital age, TikTok has grown from a mere social media app to a global phenomenon. While its short-form, creative videos attract millions of viewers worldwide, it’s also become a platform where users can monetize their creativity and influence. 

With more than 1 billion active users, TikTok offers vast opportunities for how to make money on TikTok. But how exactly do you turn your TikTok presence into a source of income? In this article, we’ll explore 15 proven methods to monetize your TikTok account.

Introduction: Brief on TikTok

TikTok, launched by the Chinese company ByteDance in 2016, has quickly become a household name, amassing over a billion users across the globe. It allows users to create short, engaging videos, often set to music or sound bites. The platform’s unique algorithm gives even smaller creators a chance to go viral, which has played a major role in its growth. From viral dances and comedic skits to life hacks and educational content, TikTok is home to a diverse range of creators.

As TikTok’s user base continues to expand, it’s not just a platform for fun—it’s become a lucrative space for creators looking to monetize their content. TikTok creators, big and small, have tapped into various streams of revenue, turning their creativity into cash. But how can you get started?

Making money on TikTok involves more than just having a large following. It requires strategy, engagement, and creativity. TikTok offers a variety of ways for creators to earn, whether through direct payments from the platform or third-party collaborations. Below, we’ll dive into 15 proven strategies for generating income on TikTok.

How to Make Money on TikTok: 15 Ways to Generate Money

how to make money on TikTok

1. Join the TikTok Creativity Program

One of the easiest ways to start earning money on TikTok is by joining the TikTok Creativity Program. This program compensates creators based on the performance of their videos, such as views, likes, shares, and comments. The better your content performs, the more you can potentially earn.

To qualify for the program, you typically need to meet specific requirements, including a certain number of followers or video views over a period. Once eligible, TikTok will calculate your earnings based on your content’s engagement. While it might not provide massive payouts initially, it’s a great way to start monetizing your TikTok account while growing your audience.

2. Run TikTok Ads

Running TikTok ads can be highly profitable, especially for business owners or creators who have their own products or services to promote. TikTok’s self-serve ad platform allows you to create in-feed ads, branded hashtag challenges, or TopView ads (the first ad users see when they open the app).

Creators with established businesses can use TikTok to target a specific audience and drive sales. If you don’t have your own business, you can also partner with brands to run ads, helping them reach your followers while earning a fee for promoting their products or services.

3. Sell Products on TikTok and Merchandise

TikTok is an excellent platform for selling your own products or merchandise. Whether you have a clothing line, digital products, or even handmade crafts, you can leverage your TikTok audience to drive sales. By integrating TikTok with an e-commerce platform like Shopify, you can seamlessly sell products to your followers.

Creators can use the platform to showcase their products in engaging ways, such as creating behind-the-scenes content, demonstrating how to use the products, or offering special promotions exclusively for their TikTok followers. Merchandise sales are a great way to turn followers into customers and increase your revenue stream.

4. Collaborations

Collaborations are one of the most common ways for TikTok creators to make money. Partnering with brands, other influencers, or even fellow creators can be highly lucrative. These collaborations usually involve promoting a product, service, or brand to your followers in exchange for payment.

The key to successful collaborations is finding brands that align with your content and audience. If you regularly create fitness-related content, for instance, partnering with sports brands or health-related companies can feel natural and authentic. The size of your audience and engagement rate will determine how much you can charge for collaborations, with payments ranging from hundreds to thousands of dollars per post.

5. Offer Exclusive Content for Followers

One way to further monetize your TikTok account is by offering exclusive content to your most loyal followers. Many creators use platforms like Patreon or OnlyFans to offer premium content in exchange for a monthly subscription. You can provide behind-the-scenes videos, personalized messages, or even tutorials and masterclasses.

Offering exclusive content allows you to connect more deeply with your audience and reward your most dedicated followers. This additional layer of engagement helps you build a stronger community while generating a consistent income stream.

6. Provide Gifts

TikTok has a built-in feature that allows users to send virtual gifts to creators during live streams. These gifts, which can be purchased with real money, can then be converted into cash by the creator. Hosting regular live streams and interacting with your audience is a great way to encourage gifting and increase your earnings.

The more entertaining and engaging your live streams are, the more likely your followers are to send gifts. This can include answering questions, giving shout-outs, or even hosting live events, such as Q&A sessions or product launches.

7. Affiliate Marketing

Affiliate marketing is a popular and relatively easy way to make money on TikTok. By partnering with brands and promoting their products or services, you can earn a commission for every sale made through your unique affiliate link. The great thing about affiliate marketing is that you don’t need to create your own product—just promote the ones you believe in.

To succeed in affiliate marketing, it’s important to build trust with your audience. You should only promote products that align with your brand and that you genuinely believe will benefit your followers. The more authentic your recommendations, the higher your chances of earning commissions.

8. Refer New TikTok Users

Another straightforward way to earn money on TikTok is by referring new users to the platform. Some brands or businesses offer referral programs, where you can earn money by getting others to sign up for TikTok through your referral link. While this won’t generate massive income on its own, it’s an easy way to make extra cash.

If you’re already promoting TikTok or encouraging your friends and followers to join the platform, this can be a simple way to capitalize on that effort.

9. Collect Tips or Donations

Similar to the gift feature, TikTok now allows creators to collect tips or donations from their followers. Creators can ask their followers to support them by tipping, either during live streams or through links in their bios. The more engaged your audience is, the more likely they are to send tips as a token of appreciation for your content.

Encouraging tips is particularly effective during live events or when you’ve created a piece of content that resonates deeply with your audience.

10. Grow and Sell TikTok Articles

Growing and selling TikTok accounts is a little-known but highly lucrative strategy. Many businesses and brands are eager to establish a presence on TikTok but don’t want to start from scratch. By growing niche accounts, building a dedicated following, and creating high-quality content, you can sell these accounts to interested buyers.

While this method takes time and effort, the payoff can be significant, especially if you’ve built an account with a loyal and engaged audience. Websites like Fameswap provide platforms for buying and selling social media accounts.

11. Host Live Meetings / Fans Meet

Hosting virtual fan meetings or live sessions is another creative way to monetize your TikTok presence. Creators can charge followers a fee to join these exclusive virtual meet-and-greets, giving fans the opportunity to interact with their favorite creators.

This is especially effective for creators with a dedicated fan base who are willing to pay for more personal interactions. Whether it’s a Q&A session, a virtual concert, or a behind-the-scenes look at your content creation process, live meetings allow you to deepen your connection with your audience while generating income.

12. Create In-Feed Ads

In-feed ads are native advertisements that appear in a user’s TikTok feed, similar to organic content. As a creator, you can partner with brands to create in-feed ads that promote their products or services. Since these ads are integrated into the regular TikTok experience, they feel more natural and less intrusive to users.

In-feed ads are particularly effective when the content is engaging and seamlessly fits within your existing style. Brands are willing to pay creators to craft these ads, and the more creative and appealing they are, the better the results for both parties.

13. Open TikTok Shop

TikTok’s integrated shopping feature, TikTok Shop, allows creators to sell products directly through the app. You can showcase your products in videos and live streams, making it easy for followers to purchase items without leaving TikTok. This feature is particularly useful for creators with their own brands or those selling physical or digital products.

TikTok Shop streamlines the buying process, creating a seamless experience for users and helping creators boost sales.

14. Offer Funds and Tips

In addition to collecting tips during live streams, TikTok creators can encourage their followers to support them by contributing funds. By promoting this option in your bio or during live videos, you can create another income stream, especially from your most loyal followers.

This method requires building a strong, engaged community that values your content enough to offer monetary support.

15. Grow and Sell TikTok Accounts

Lastly, one of the most profitable methods for making money on TikTok is growing and selling TikTok accounts. Many brands are eager to jump on the TikTok bandwagon but don’t want to start from scratch. If you’re skilled at growing niche accounts, you can sell them to businesses or individuals looking to establish a TikTok presence.

This method involves consistent posting, creating high-quality content, and engaging with your audience. The larger and more engaged your following, the higher the price you can command for the account.

FAQ

How much does TikTok pay?
TikTok pays creators through its Creativity Program based on video performance, including views and engagement. Earnings vary widely, but some creators make anywhere from a few hundred to thousands of dollars per month.

How do you make money on TikTok?
You can make money through TikTok’s Creativity Program, brand partnerships, affiliate marketing, selling products, and more. The key is to grow your audience and engage with them regularly.

What is TikTok Signup?
TikTok Signup refers to the process of creating an account on the platform. It’s simple and requires basic information like an email address, phone number, or third-party login.

What is Fameswap?
Fameswap is a platform where people buy and sell social media accounts, including TikTok accounts. It’s a marketplace for those looking to grow their online presence without starting from scratch.

Conclusion

TikTok offers many opportunities for content creators to turn their passion into profit. Whether you are leveraging the platform’s Creativity Program, collaborating with brands, or selling your own products, there’s no shortage of ways to make money on TikTok. The key to success lies in consistency, creativity, and building a loyal, engaged audience. By implementing these 15 proven strategies, you’ll be well on your way to transforming your TikTok account into a money-making venture.