How To Make Online Money From Using TikTok In 2020?
TikTok is one of the most trending applications for creating short videos. It has become a widely popular platform for entertainment and to make money online at the same time. With short 15-20 second videos, we’ve come across several trends these days and almost all people of all age groups are aware of them. Not just aware of the trends as viewers, but also as creators at the same time. A platform almost free of cost to create short entertainment videos like some lip-synced dialogues or dance videos and even the very highly trending challenges too. Even many songs these days seem to have gained higher popularity, all thanks to TikTok users.
As we already know that some of these users have gained high popularity and also paid for it at the same time, don’t you wish to know how to earn using TikTok yourself? It isn’t necessary that you only have to be highly entertaining to make these videos, rather you can also look into some other alternatives to earn money online using TokTok in 2020. Here are some of the best ways to start earning, so go ahead and try them out!
List Of Ways To Make Money Online Using TikTok
1. Sell products through popular accounts
2. TikTok Live
3. Manage TikTok Influencers
4. TikTok Ads
5. Management services for TikTokers
1. Growing Accounts And Then Selling Them
TikTok is becoming more and more popular in the eCommerce or product space.
You need to choose a niche audience and create entertaining content, ideally content that goes viral to attract and draw the ideal customer’s attention to your product. At times even though your niche audience doesn’t attract a particular type of product, companies tend to buy their account profile to tap into those audiences for better reach and people can legit make money this way.
The good news for product brands is that once they’ve that audience of the account in their hands, it’s fairly easier to sell them products. You could create videos where you’re either using the products or reviewing them, bringing out the interest of your viewers.
So if you’re the type of person who loves to use TikTok and just wants to grow a following around a certain topic and build a community around it, you can go for it. Once a certain number of followers are reached, then you can reach out to those brands who would love to have access to those followers and finally sell them your account at a decent rate.
You can use listings of products from the Meesho app for this purpose, land them to an external where you can take the orders, place it on their behalf and have it delivered to them. You can get your profit added to the purchase price and will receive it once your customer accepts and pays for the order.
2. Going Tiktok Live And Collecting Donations From Viewers
It’s a fascinating feature of TikTok. A TikTok user purchases some coins by recharging, let’s say, if a user buys a hundred coins. Now, what do users do with these coins?
The way this is designed is that when one of the user's favourite creators is going live, they can send them coins as a way to give compliments for their effort that goes into creating the content by the creator. Once you collect enough coins, they can be converted into diamonds and then converted into cash via PayPal. This is how one can make use of Instagram to earn money via TikTok Live.
3. Manage TikTok Influencer Campaigns
There are many straightforward influencer agencies that serve TikTok influencers. You can work as the middleman or a broker of sorts, functioning in between a TikTok creator and a brand who wants to work with that influencer.
As a coordinator, the work includes creating the agreement to manage both parties and making sure the deliverables as per the agreements are all met. You can charge a decent service fee to manage such campaigns.
4. TikTok Ads Platform
Similar to Facebook and Instagram ads, you can go to Google, search up for TikTok ads and sign up for access to their ads platform. You can put up some budget assigned to your ads and have it marketed to viewers for better reach. You have to be highly confident in using this feature as it all depends on your creative content quality that’ll help it perform better. You can even use this feature to experiment with new ideas and check their worth.
You could even sell products of your own or of different brands using your ads. It would help you to get more buyers this way depending on your viewers choice. You can use listings of products from the Meesho app for this purpose, land them to an external where you can take the orders, place it on their behalf and have it delivered to them. You can get your profit added to the purchase price and will receive it once your customer accepts and pays for the order.
5. Offering Management Services For Creators On The Tiktok App
Some creators of TikTok have millions of followers. Sometimes this tends to happen really fast and even overnight for that creator, as if having a business land in their lap. In such cases, one could actually grab the opportunity as a manager. They can step in and offer services to help them with their regular activities like content strategy, their creative strategies, managing offers and further deals that come their way.
Also if one has a background in production or storytelling verticals, they could definitely apply it to offer management services to TikTok creators as a useful feature.
When you become a pro on TikTok, and possibly you truly foresee how one could make a video that could get them a hundred views and help them with getting a lakh views, then you can actually offer consulting services. This is a really perfect way to leverage the expertise that you’ve gained from the platform to help people who want to be TikTok famous. You can even help those who want to be creators, by helping them actually boost their strategy so that their videos get seen by hundreds of thousands, even if not millions of people.
Of course, you need to have the background and the experience in this first to offer this as a service. But once you’ve reached there, people will definitely pay for your experience and your brain on their account, so that they can improvise on their own.
In case you help them bag any deal or influencer agreements, you could even negotiate a percentage or a cut as a commission of that deal simply because you are their consultant and you have helped them to go viral on TikTok.
Summary: How To Make Online Money From Using TikTok in 2020?
Thus now you’ve an idea about how TikTok can be a very useful social media platform and not just restricted to entertainment purposes. You need to remember that though having to be extremely great with video making skills, dancing or mimicry is good to have as TikTok users; it is not the only thing that is mandatory to make an earning out of the app.
You can also use your managing skills for services or even manage campaigns or run ads for influencers to earn money. You can also stream Live videos and collect donations, gather a large number of followers and sell your account to different brands with a good contract too.
If you have thought you have become a pro at TikTok over time, then you can even help others become a successful and viral account as a consultant and charge for the same.
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