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How do TikTokers Make Money? If you are thinking of building a career on a platform like TikTok, most likely this question is popping in your mind. You may be also wondering that is it a good idea to pursue a career on social media? If you are wondering these types of questions, I have got you.
A recent survey from the morning consult reported by CNBC discovered that there are 86% of young people desire to build a career on social media as an influencer. In today’s world, building careers on social media is becoming very common because teens are willingly pursuing all these modern careers. But most people wonder that will they have a fruitful career as a TikTok Influencer or not? How much and how do TikTokers Make Money?
So, here is everything that you need to know about building a career on TikTok.
How Do TikTokers Make Money?
Before knowing that, there are a few rules on TikTok that you must be aware of:
- Your age should be at least 16 to directly make money on TikTok and the consent of your parents is a must.
- Your age should be at least 18 if you want to deal with brands or any other third parties legally.
Various ways are used by TikTokers to make money. Here are some of the main ways that help TikTokers to make a good amount of money.
1. Monetary Gifts
Receiving monetary gifts from the audience is one of the best ways to make money on Tiktok. In TikTok, there is an option that allows you to go live and perform in front of your audience. You will need at least 1000 followers to go live.
During the live stream, your follower will be able to give you coins as a gift. When you have gathered enough amount of coins, you can easily go for the option of trading those coins into real cash.
You can consider these coins as TikTok’s virtual currency. As a TikTok user, an individual can purchase coins from 100 to 10000. The cost of the coins will be dependent on the size of the pack you purchase. Most probably, 100 coins will cost you $US0.99.
Users store the coins in their online wallets and reward those coins to the TikTokers during the live streams.
2. Attending The Events Sponsored By Brands
The TikTokers who build a good reputation on TikTok can make a very good amount of money off-platform. There are lots of brands like Comicon that invite TikTokers to visit events and will pay for representing them on brand-supported platforms.
You may also get an opportunity to perform on their behalf if you are a good musician or dancer.
3. Influencer Marketing Activation and Partnering With Brands
Like other social media platforms, TikTok is most likely the same. When a creator is having a good amount of audience, the brands will start noticing and approaches them to become a partner in the influencer promotions.
See, generally, when a creator gets lots of hearts on a post and his/her audience drops comments, the chances of getting examined by the brand increase.
For example, if the age of your potential audience is 13 to 18 years then you will get approached by the brands who sell their products to teenagers. A famous TikToker has the potential to make $50k to 150k when the brand partnership goes successful.
4. Selling Merchandise
When you have a well-built audience on TikTok, building an e-commerce store on Shopify for selling merchandise could be a great idea. For selling merchandise, it is a must to build a strong audience and engage with them in a better way. Livestreams can be a great option for engaging with your audience.
5. Cross Promotions Of Yourself On Other Social Media Networks
There are lots of influencers who are successful on a particular social media platform and along with that they also hold other successful accounts on various social media platforms. TikTok is well known for video-based content and that’s why lots of TikTokers easily manage to build a successful account on YouTube.
For example, you can re-share your best clips and videos on your YouTube channel and make sure that you have enabled the YouTube advertisement.
How Much Money Can You Make On TikTok?
Well, it is slightly hard to confess exact numbers because TikTok is still known as a young platform. However, there are a few top influencers who are holding millions of audiences and made a very good amount by using their popularity.
Most of the TikTokers don’t depend on solely TikTok to make money, they use a variety of methods. TikTokers who have a great number of followers, easily find a way to take their followers to other social media accounts. It helps in increasing the widespread reach of the influencer and because of that, the chances of getting paid higher by the brands also increases.
Is It a Good Idea To Turn Social Media Into a Career?
It is slightly hard to confess that an individual will be able to have a permanent career as a TikTok influencer. Some creator manages very well to stay relevant for decades but some TikToker can’t do that. It might be because continually creating content is slightly a tougher task.
TikTok can offer great longevity to all those creators who have carved out a niche. For example, Gray, who used her musical.ly and TikTok’s audience very greatly. She turned her TikTok fame into a huge following on the other social media platforms and in career music too.
Final Words
Internet is not a small place as everyone already knows it, right? So, TikTokers should keep in mind that if they want to expand their reach then it is a must to start sending their TikTok fame to their other social media accounts. It will be very helpful in boosting the presence on social media.
So, this was the complete article on “How Do Tiktokers Make Money”. Now I hope this article was helpful to you. If you still have any queries, don’t forget to leave them in the comment section.
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