7 Expert Tips for Making Money on TikTok

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Are you a creative person with a talent for making videos? Are you looking for ways to make extra money? If so, you should consider monetizing your skills on your TikTok account. Here are seven different ways to try.

The TikTok Creator Fund

TikTok made this fund to help support creators who positively impact the app. To be eligible for the Creator Fund, you must meet specific criteria, such as having a large following, producing original content, and being active on the app. If you think you qualify, you can apply to be a part of the Creator Fund.

These are the requirements to join the creator fund:

  • Be 18 years or older
  • Have a minimum of 10,000 authentic followers
  • Gain at least 100,000 authentic video views in the last 30 days
  • Based in the U.S., UK, Germany, Italy, France, or Spain
  • You need to post original content that aligns with TikTok's community guidelines

You also must have a Pro account. A pro account is a particular account type that allows you to access certain features, such as analytics and paid promotions.

To apply for the Creator Fund, you must fill out an application form. Once TikTok has approved you, you can start making money.

Live Steam Donations

Another way to make money on TikTok is through live stream donations. Your fans can donate money to you while you are streaming. You can set up a donation button on your live stream, and your fans can choose to donate any amount of money. The donations will go directly to you, and you can use them.

To set up a donation button on your live stream, you must use a third-party service such as Streamlabs or PayPal. Once you have set up the button, your fans will be able to donate money to you while you are live streaming.

Instead of cash, TikTok uses in-app coins that viewers have to purchase before gifting them to influencers. Seventy coins are worth $0.99 in real currency. So if you were to receive 70 coins as a gift, it would be the equivalent of someone giving you $0.99.

Viewers can purchase coins in packages ranging from 70 coins to 7000.

Brand Sponsorships

Another way to make money on TikTok is through brand sponsorships. When you have a sponsorship, a company pays you to promote its product or service in your videos. You can contact companies directly or use an influencer marketing platform such as Tako Agency to find sponsorships.

Tako Agency is a website that connects brands with TikTok influencers. Brands can browse the site and find influencers that fit their target audience. Once they have found an influencer they want to work with, they can contact them directly to discuss sponsorship opportunities.

As a TikTok influencer, you can create products and services to sell to your fans. These products could be anything from an eBook to an online course. If you have a large following, you could make a lot of money by selling your products and services.

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Manage Influencers

If you're good at managing other influencers, you could start your own TikTok influencer management company. As a manager, you would be responsible for finding sponsorships and brand deals for TikTok influencers. You would also help them grow their following and create content. Some people are camera shy and prefer not to be in front of a camera, so this may be a better option.

To start an influencer management company, you will need to have experience in the industry. You will also need to build up a network of contacts. Once you have both of these things, you can pitch your services to potential clients.

Promote Your Products

If you have your products or want to sell merchandise from Etsy, you can promote them on TikTok. Promoting your products is a great way to reach a new, wider audience and make extra money. Show your products in the videos to promote them. You can also include links to where viewers can buy the products.

You can also run paid ads on TikTok to promote your products. Paid ads are a great way to reach a larger audience and get more sales. Paid ads on TikTok work like any other social media platform, such as Facebook or Instagram. You can set up an ad campaign and target it toward people interested in what you're selling.

Grow and Sell TikTok Accounts

If you're good at growing TikTok accounts, you could start a business where you grow and sell other people's accounts. Producing and selling accounts is a great way to make money, as you can charge people for your services.

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You will need to find people looking to sell their TikTok accounts to start this business. You can then help them grow their account and get it ready for sale. Once you sell the account, you will receive a commission from the sale.

You can also sell accounts on third-party platforms such as Fameswap.

Use TikTok as a Jumping off Point for a Music Career

If you're a musician, you can use TikTok to jumpstart your career. Using TikTok as a starting point is a great way to get your music out there and reach a new audience. You can post videos of yourself performing your songs and include links to where people can buy them in the description.

You can also use TikTok to promote your live shows, which is a great way to sell tickets and get people to see you perform. You can post videos of yourself rehearsing or promoting your upcoming shows.

How to Grow Your Profile

Utilize Trending Hashtags: You can use trending hashtags to get your videos seen by more people. Your video will appear in the hashtag feed when you use a trending hashtag. 

Collaborate with Other Creators: Collaborating with other creators is a great way to grow your following. When you collaborate with someone, you can share each other's audiences. 

Post Consistent Content: Posting consistent content is the key to growing your following. Posting regularly is a great way to keep people interested in what you're doing and ensure that they keep coming back for more. When you post regularly, people will know when to expect new videos from you.

Use a Good Quality Camera: Using a good quality camera will make your videos look more professional. 

Use Trending Sounds: Using trending sounds is a great way to get your videos noticed. Your video will appear in the sound feed when you use a popular sound.

Make Tutorials: Making tutorials is a great way to show off your talent and attract new viewers. People are always searching for new tutorials on how to do things. If you can make a helpful and informative tutorial, people will be more likely to watch it.

Creators Who Have Already Found Success

Here are some creators who have already found success on TikTok:

Addison Rae: Addison has over 28 million followers on TikTok. She is known for her dance videos and lip syncs.

Loren Gray: Loren has over 24 million followers on TikTok. She is known for her fashion videos and challenges.

Emily Mariko: Emily has over 10 million followers on TikTok. She is known for her unique cooking videos.

Sammi Coate: Sammi has 1.6 million followers. She is known for her “let's get dressed” videos and her impeccable designer style.

Chip Girl: Chip Girl has 2.7 million followers on TikTok. She is best known for having a microchip in her hand that opens the locks to her home. She is also the daughter of Apples to Apples creator Matthew Kirby.

These creators have found success by posting consistent, high-quality content. They have also utilized trending sounds and hashtags to reach a wider audience. If you want to be successful on TikTok, you should follow their lead and post content that people will want to watch.

Monetize Your Talent on TikTok

TikTok is an excellent platform for creators to showcase talent. If you want to succeed on TikTok, you should post consistent, high-quality content. Utilize trending sounds and hashtags to reach a wider audience. You can grow your followers and start monetizing your talent by following these tips.

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As a certified credit counselor and syndicated writer at MaxMyMoney, Max has coached over 250 Millennials to help take the stress out of money. When Max is not coaching, you'll find him reading financial books, indoor cycling, or visiting local pawn shops looking for swiss-made watches.