How To Make Money on TikTok (5 Ways)

by birtanpublished on August 21, 2020

Alright so in this video we're gonna discuss five ways that you can make money with tik-tok now this is the seventh most downloaded app in the past ten years a lot of people think that it's this new app but the truth is it's been around for quite some time it has

Over one and a half billion downloads and it's something that you don't want to ignore so we're gonna kind of dig into some different ways that we can monetize from this and I see people who have millions of followers on tik-tok

They should be making a lot of money but they aren't monetizing correctly they're not thinking about how they can make money from it and they end up having you know a couple years of success on tick tock or something and then they end up

Fizzling out and getting a job right so let's talk about how we can actually go through this process and if you're new here to the channel make sure you subscribe for more videos like this we kind of dissect and big apart some of

These different marketing strategies and ways that we can monetize some of these different platforms so if you're not familiar with tick tock I'm gonna assume that you kind of already are but if not just think of it sort of it's like vines

Cousin or think of it as it's sort of musically its formed into tick tock okay so it's these short little videos that can be anywhere from three to sixty seconds long and a lot of them is going to be people who are probably generation

Z so you can see a lot of kids on there but now that we're in 2020 here we're kind of pushing into this this area where it's not just generation Z it's not just 14 to 15 year olds on this app using it but there are Millennials so

There's even older people there's 40 50 year olds starting to figure out what tick tock is starting to use it and so it's it's definitely something that's becoming much more widespread much more common versus some of these other apps

We see like like Instagram or Facebook right well you see a lot of older people on them now even snapchat you see a lot of older people on right now but tick tock is the one that's almost untouched from older people until these coming

Years here it's important to think about how we can monetize on this okay so let's first talk about the most obvious thing here right which is the the making money from donations right so people can actually buy coins and then they can

Donate coins when you're doing live on tick-tock right so this is a strategy that people use to make a little bit of money but the truth is you should not be going the route of trying to do this so every time that you go live on tik-tok

You can get people to donate money to you similar to how people might use twitch to do that where you get donations or even with YouTube if somebody goes live on YouTube you can donate some money right that's not

Something that's going to be going to be making you a lot of money on tick-tock and it's not the route that I would recommend going or at least trying to do but nevertheless that is an option that is available now let's talk about the

Next one which i think is very lucrative and it's something that people should really really take into consideration which is actually becoming a manager for people who are blowing up on this platform okay there's so much money in

This trust me I know this because I do this with the YouTube a lot of people that work with me for my primary YouTube channel is like 300 some thousand followers on that one and I have a manager who helps me connect me to

Brands so he connects me with with with Squarespace or with audible or with with with with Wix or a number of different companies that i promote ads for and it's kind of the middleman here hopefully I'm not losing you but

Essentially you can become a manager for people who are blowing up on this platform a lot of people who who blow up on tik-tok they end up with a million two million five million followers and they

Don't really didn't really do it sort of as a business but it's they kind of just did it because it was fun you know maybe they're dancing they're doing some voiceover things whatever they were doing it was just fun and they

Meet somebody in a lot of cases to kind of handle the business side of it of how they're getting sponsors how they're getting deals doing live events whatever it is you can become the person who becomes the middleman there and connects

Them to sponsors connects them to brands I know that for myself I pay people 15 to 20 percent is typically the the industry norm for brand deals right so if I'm promoting say I promote a company for five thousand dollars per video

Which I'll do on my other channel and if I'm doing that then the person who connects that the the ads manager or the person who's who's managing that is getting 15 to 20 percent usually I try to do 15 % deals so they're getting 15

Percent of five grand for not too much work that's about $750 they're pocketing for being the middleman they're helping me with that hopefully I'm not losing you there if I did just let me know down in

The comment section we'll try to kind of explain a little bit more but this is a totally new market that's opening up here for a tick-tock for helping people kind of connect to brands okay so that's one option now you can also consider

Building tik-tok pages and then selling them look brands we'll pay money for this they did this with Instagram years ago people would build these Instagram pages to hundreds of thousands or millions of followers

And then sell them to companies sell them to people who will then use those to try to make more money or build brand awareness whatever it is building sites or building tik-tok pages and then selling them is certainly an option it

Might not be all in good terms with their Terms of Service so be careful with that take that as a grain of salt but the point here is that it is something that you could potentially explore obviously do it at your own risk

Because I would assume that you're not allowed to sell or buy tick-tock pages but it is something that people will start doing in the future they've done it with Instagram Facebook YouTube pages they've done it with all those and

They're gonna start doing it with tick-tock it's something that you can certainly make some money from and I see a lot of people to who will run tick-tock pages and it's not them personally it's not just them who are

Making videos but they have voiceovers where it's a screen recording potentially or it's them pointing at things but it's not actually their face so it's easier to sell it later on down the road is what I've seen people do but

Then there's also Tik Tok ads so you can run ads on Tik Tok just as you can run them on snapchat or on these other different platforms something you can look into this is for you know if you are trying to sell a product on there

It's it's not really if you had a tick-tock page that doesn't really make much sense but it is something you could explore and we had a throw in here in this video and the final one here is actually something that I think is very

Very interesting and it's something that I do for YouTube which is consulting okay so look a lot of people want to grow their tick-tock pages to millions of followers but they don't know how to do it and so there's there's this gap

Where they don't know the information how do they get viral videos how do they get something that's going to be appealing to millions of people you can be that person that connects them to that so if you grow a tick-tock page or

If you just find yourself to be very very talented and skilled at growing pages on tick-tock then it's something that you could explore by it by doing consulting for people I know for YouTube that we leave a lot of links in the

Description here for these videos that I charge 300 dollars now and I show people how to build YouTube channels because my time now today is kind of valuable and it's hopefully going to be more valuable in the future that's not to brag that's

Just saying that look I I kind of consider myself to be pretty good with YouTube – with my other primary channel I do this channel more so for fun here but if people want to get on a call with me

About how to grow a YouTube channel I can help them do that and I charge kind of a hefty fee because my time is worth a little bit of money today right now you could do that with pick talk if you get really good at tick-tock you can

Grow it and then start to charge money you can charge 100 bucks 200 300 400 dollars an hour for your time depends on supply and demand it's basic numbers but if you get good at it you can start charging people to learn how to do this

You could also venture into the side of online courses showing people how to build tick tack pages from that standpoint I'm not a big fan of online courses but it is something that you can look into as well so those are 5 ways

That you can look into making money on tick tock but the one thing that you do want to remember is that every platform comes and goes okay and so people who were making videos on vine back in 2014-2015 you know it was great at the

Time people like logan paul jake paul cody KO a number of people who are making videos on vine but then some of them died off and they never came back because vine isn't around anymore right but the smart ones are the ones who

Moved on to other platforms okay so the key here is to diversify if you grow on tic-tock start pushing that traffic to your Instagram start pushing it to your YouTube to other social platforms so that you're not putting all of your eggs

In one basket that's the biggest tip that we have here in this video so thanks for watching thanks for subscribing and I'll see everybody in next week's video

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