How to make money on TikTok: Top 9 strategies in 2023
]Musical.ly is an app that you have most likely heard of. It was very popular a few years ago. It was widely used to create brief and convenient music videos for sharing. Then, in an extremely abrupt move in 2018, it underwent a complete rebrand and adopted the name TikTok.
It continues to be one of the most downloaded apps in the USA today, proving its continued success. In addition, this kind of app frequently attracts users who go on to become well-known and successful, which can be financially lucrative in a murky way. Many people continue to wonder how they can make money on TikTok since the number of views does not result in any revenue.
There are a few different ways to make money using your app fame, but it takes a lot of work. If you’re interested, you can read our top advice for using TikTok to monetize it below.
1. Use a TikTok invitation code to start making money
Using an invitation code is one of the best ways to earn money online on TikTok. And how does it operate?
You can send your friends a link that contains the invitation code. You’ll receive some money into your account when they sign up through this link. You will receive increasing amounts of money if the person you recommended to TikTok uses the app for up to 10 days straight!
2. Use an app to automate your TikTok
Would you agree that having a large following is the key to making money on TikTok? However, it will take a while if all of your efforts are focused on producing content. Fortunately, there is a short cut you can use to gain followers in the form of an automation app.
You might also wonder what an automation app does. It will engage with other users’ posts in an effort to draw their attention to you and encourage them to visit your profile. Following that, some of these users might decide to follow you, which will increase the number of followers on your profile.
The most suggested app for that, if you’re wondering which one to use right now, is StimSocial. It offers a fantastic, cost-effective plan that you can use to start gaining a lot more followers right away.
3. Adhere to a niche to make good income on TikTok
Before anything else, it’s critical to stress that using TikTok requires a clearly defined audience. You will need to rely more on your fans and followers because the number of app views is not a way to make money.
Find a market that interests you and appeal to its audience until you have a sizable following, is our advice. You won’t be able to effectively use the other tips and earn money on TikTok until after that.
4. Do streaming!
Live broadcasts on TikTok might bring in money even though the regular short videos don’t. We say that because users have the option to purchase “coins,” which can then be donated to their preferred content creators.
This is a good way to at least make some money on TikTok because these coins are then given to you as regular money. It’s inevitable that you won’t make a lot of money at first, and this won’t be a steady source of income, but it’s still worthwhile to try.
5. Sell your own products and merchandise to earn on TikTok
Selling their own goods and using the app to promote them in order to profit is a very popular tactic used by well-known TikTok users. It entails marketing apparel, mugs, and other accessories that relate to you and your brand.
You have the option of using an external marketplace to market your products or selling directly to your fans, handling every aspect of the sale yourself. In any case, this is unquestionably among the best ways to earn money on TikTok.
6. Use affiliate links
Given that we’re discussing the sale of goods, you should take advantage of the chance to include some exclusive links for partners and affiliates in your posts. This is a wise advice for both your products and those made by others.
This is very common in online shops like Amazon, where you can recommend a product to your followers, include the affiliate link, and earn a percentage of the sale if they do.
The TikTok bio and all of your other social media platforms make it simple to do that. It is easy to do and can bring in a good amount of money each month.
7. Use hashtags (and make new ones)!
When it comes to TikTok, hashtags are just as important as they are on Instagram. You can be found by other users much more quickly if you use them. Let’s say you operate a beauty supply store in New York City. Which hashtags, and which ones are the most pertinent, would you use? Right, #nyc #beauty #beautyproducts? There are two purposes for the hashtags:
- So that TikTok can deliver your kind of content to users who are interested in it;
- so that other TikTok users can find your videos when they search for the hashtags you use.
Be warned that you are really missing out on a great opportunity to get a lot more views on your videos if you are still not using hashtags on the platform. To aid you, don’t forget to research the top TikTok hashtags, and if you have an Instagram account, research the top Instagram hashtags and use our suggestions for Instagram bios!
8. Be friendly to your audience
Speaking of fans, it is crucial that you interact with them frequently and in a friendly manner. Of course, you are under no obligation to engage in lengthy conversations with them or divulge intimate details about your private life. Simply respond to them as needed, such as in some of their videos, and occasionally engage with them.
They will feel more valued as a result, and as a result, they will be more likely to tell their friends about your profile. The opposite will occur if you are rude to them or even just disregard their messages. And trust us when we say that a poor reputation will not assist you in earning money on TikTok.
9. Get partnerships with growing brands on TikTok
Influencer sponsorship is a common practice among brands, just like it is on YouTube and Instagram. As a result, when you first start building a solid audience, a good strategy might be to get in touch with brands and inquire as to whether you can film a video about one of their products in exchange for payment, of course.
But what price should you set? That will largely depend on your reach, I suppose. It is advised to start off charging a small amount per video and gradually increase it as you go. Whatever the amount, it all adds up to a respectable sum in the end!
Did you like our tips on how to make money on TikTok?
Did our advice help you learn how to monetize your TikTok account? Leave a comment with your thoughts, let us know if you have any additional advice, and don’t forget to look at our guides on how to monetize your TikTok account through clicking ads and adding text to videos!
On TikTok, there are many different ways to make money. While some do call for a larger audience, many do not, including my top three money-making suggestions. Selling physical or digital products, as well as providing services like coaching or freelancing, are some of my favorites that you can start using right away with a small audience.