December 14, 2020

How To Make Money On TikTok in 2021 (6 Methods)

by Your Friendly Entreprenuer

Ever wondered how to make money on TikTok and grow your business faster?

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If you go on TikTok right now, you'll see thousands of people posting content every day related to their niche (Or Category) and monetizing it. We all know we want a piece of the pie and make money so we can either quit our jobs, grow our current business, or become an influencer.

The best part? everyone has an opportunity to grow on this new platform and start a side hustle today!

At first, I didn't think much of this new platform since most people were using it to dance and the audience was ranging from 15-25-year-olds in early 2019. Since then, TikTok has become the fastest growing social media platform and keeps growing daily during the pandemic. I was completely shocked when I downloaded the app and saw that people were actually using this to make money online either by promoting their own products or getting paid to sponsor different businesses. 

Start Getting Leads On TikTok and Make Money Today

What Is TikTok?

TikTok is a social sharing app that was originated in China and owned by Bytedance. You can use this app to create up to 60-second videos ranging from comedy, dancing, acting, and informative content. 

Their internal editing allows you to create awesome videos and start trends that you could never think about until you actually see it on the app. It spreads like wildfire and it's important to see why TikTok can make you money!

Can You Make Money On TikTok?

Yes and yes... You can make money on TikTok just like any other platform such as Instagram or Facebook but TikTok is probably the best way to grow your brand since it's not completely saturated with competition. 

Best Ways To Make Money On TikTok

Here are the best ways to make money on this platform!

1. Selling Other People's Products

The best way to make money on TikTok is to either become an affiliate or partner for a business and getting paid to sponsor products. These two falls under the categories of affiliate and influencer marketing.


Affiliate Marketing On TikTok

Affiliate marketing is when you get paid a commission for promoting a product via a link or tracking code and the customer purchases using that referral link. This is best when you don’t own your own product and the easiest way to start making money since you don’t have to worry about the customer support and backend process.

So how do you start affiliate marketing? 

  1. You will want to first pick a niche or topic that has revenue potential and that you have some knowledge of. (Examples are Amazon, Walmart, Web Hosting, Sports, Softwares, and technology.)
  2. Build your website or landing page to your offers and create a way to bring in your traffic from TikTok.
  3. Start posting every day and providing a way to build an audience around the products you will promote.
  4. Start making affiliate sales and reinvest your profits back into your affiliate marketing business.

If you don’t have a clue of what to promote then you can try to take the 15-day business builder challenge and learn how to start an affiliate marketing business. 

Take The Challenge Here

Influencer Marketing On TikTok

Influencer marketing is when someone pays you to promote their product to your audience. This isn’t the best way to make money since you might drop your engagement rate with your followers. They will definitely catch on that your just posting videos to make money off of them.

Unless it’s a company like Nike or Bang Energy then id go all in!

To Get Connected with Brands check out:

www.upfluence.com 

fanbytes.co.uk

It’s important to note that whenever you post a sponsored video, you’re legally required to include “#ad” in the description.

2. Promoting Your Own Products

Now if you have a product or service, TikTok is a great way to bring more sales by adding unique videos to engage your audience. You can do this in many ways such as paying influencers to promote your business or make trending videos and post on a daily basis such as ManScape has done.

3. Growing & Selling Your TikTok Account

Grow and Flip accounts by creating theme accounts just like Instagram has with theme pages. You can grow this quickly especially when you can reuse content on the app and build a huge audience. Once you have done this you can add your account to FameSwap’s marketplace and they will help you sell your account through an escrow service. 

Flip Tiktok accounts with FameSwap Today.

4. Become A TikTok Manager

Yes, you can become a TikTok manager just like Instagram management services are done. If you know how to grow on TikTok, engage with an audience, and create awesome video ideas, then you can possibly sell TikTok management services.

Depending on the service you provide you can manage their entire account or help them with commenting back to all comments on their videos.

Take a course on Udemy for $9.99 to become a TikTok expert. 

5. Get Paid For Views

Just like youtube, you can now start getting paid for views once you enter the TikTok creator fund!

This is probably the easiest way to make money through this app since all you need to do is keep posting relevant content and since you already built an audience, you should have no problem making a little bit of money every month.

6. Taking Your Followers To Other Platforms

If you have a youtube channel, a course or membership site, then you can start to direct your followers to other social media platforms.

The great thing about TikTok is that it allows you to internal link to your youtube channel and Instagram account. So if you want to grow then id recommend doing a call to action at the end of your videos and get them to follow you on other social

FAQ:

Best Times To Post On TikTok

There's no real best times to post because it all depends what your audience is doing and that will always change. Many big TikTok influencers say the best thing to do is to post at least 2-3 times a day since your content will be shown to different groups of people.

My Guess?

Before people go into work: 6am-9am

During lunch: 11am-1pm

And after work hours: 4pm-7pm

 

How Many Times Should I Post?

As stated, It's best to post at least 2-3 times a day and see what videos are better. Once you have an idea of when you get the most views then start focusing on that of type of content and timing.

Conclusion 

Starting a business on TikTok is possible and you will need to stay consistent with your posting and engagement. 

Be sure to check out my blog post on the best side hustles to start if you don't have any already or take the TikTok Leads Course to get more leads for your business.

So over to you, have you started using this social media app and what are you doing to monetize it?

Start Getting Leads and Make Money On TikTok Today!


Tags

Make Money On TikTok, Make Money Online, TikTok


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