Can You Make Money on TikTok?
TikTok has become a platform where people have the opportunity to earn extra income. Many TikTok influencers have successfully turned TikTok videos into a source of revenue. According to statistics, brands typically pay influencers between $200 and $20,000 for their content.
Launched internationally in September 2017, TikTok rapidly grew into a thriving social media platform with around 800 million monthly active users globally. Approximately 50% of these users are under 34 years old, with around 26% falling between 18 and 24 years old. With such a vast user base, TikTok offers significant income potential for individuals and businesses alike. Here are five effective ways to make money on TikTok, giving you insight into creating revenue streams on this platform.
1. Sponsored Posts by Brands
Top TikTokers can earn substantial income through sponsored posts by brands, typically ranging from $20,000 to $50,000. Here are some estimates of well-known TikTok creators and their earnings per post, according to Man of Many:
- Charli D'Amelio: $48,000 per post
- Loren Gray: $42,000 per post
- Zach King: $41,000 per post
- Riyaz Afreen: $35,000 per post
- Addison Rae: $35,000 per post
- BabyAriel: $32,000 per post
- Spencer X: $28,000 per post
- Gil Croes: $26,000 per post
- Arishfa Khan: $24,000 per post
- Kristen Hancher: $24,000 per post
- Awez Darbar: $23,500 per post
2. Sponsored Posts
Sponsored posts are a significant source of income for TikTok influencers. This collaboration involves companies sponsoring influencers' videos, partnering with influencers who have a large, relevant following to enhance brand authenticity and improve promotional effectiveness.
According to Business Insider, the average income range for sponsored posts is approximately $0.01 to $0.02 per view. This means each view on a video can generate income for the influencer, effectively connecting brands with TikTok users for mutual benefit.
3. Collecting Virtual Gifts
Another way to earn money on TikTok is through its built-in monetization feature, live streaming, and receiving virtual gifts. Once you have over 1000 followers, you can unlock the live streaming feature.
In this monetization model, your followers can purchase virtual gifts using coins at a rate of $1.29 per 100 coins and then use these coins to send virtual gifts to you during live streams. These virtual gifts can be converted into "diamonds," which you can then cash out into your PayPal account.
This method not only makes interactions with your followers more engaging but also provides an opportunity to earn money in real-time. By attracting viewers to participate in live streams, you have the chance to receive more virtual gifts, which can be converted into actual income. For creative and appealing TikTok users, this is an enticing way to make money.
4. Own Branded Merchandise
For example, if your TikTok followers are primarily interested in your jewelry styling, you can consider developing your own ring and necklace series brand!
At the initial stage, it's advisable to avoid building a large inventory to save costs. You can utilize dropshipping, selecting high-quality suppliers such as Spocket, to design your products. This not only eliminates inventory management and physical ownership hassles but also allows you to start with minimal capital and enjoy enormous growth potential. You can use the new platform Rakosell to set up your online store!
This method not only gives you a unique brand but also satisfies your fans' needs, creating a deeper connection. By showcasing your branded merchandise on TikTok, you can effectively promote sales and increase brand awareness.
5. Direct Traffic to Other Platforms
TikTok is known for its short videos and highly customized "For You" page, which can attract more traffic than regular channels on social media, even with just a carefully curated and niche-specific video.
To fully utilize the vast traffic TikTok provides, you can redirect this traffic to other platforms. On your TikTok profile page, add links to your other social media profiles (such as Instagram, YouTube, Facebook), personal website, or blog.
One way to make money on TikTok is through affiliate marketing. Having a website that attracts traffic is the simplest way to achieve this goal. You can use Rakosell to create a blog. Once audiences enter your website, you can provide valuable content, guiding them to purchase affiliate marketing products, such as product reviews or operation guides.
You can also monetize by directing TikTok viewers to YouTube videos. This way, you can directly profit from YouTube ads and potentially get sponsorships in the future.
By redirecting traffic to different platforms, you not only expand brand exposure but also discover more income potential. To manage multiple social media profiles more effectively, you can use social media marketing tools like Rakosell, SproutSocial, and Crowdfire. These tools can help you better organize and plan promotion campaigns across multiple platforms, increasing your online earning efficiency.
How Rakosell Can Help TikTok Creators Increase Their Income
If you are already a TikTok influencer or planning to become one, you can use the new platform Rakosell to build your fan base, allowing your followers to subscribe to your content and bring you steady monthly income.
How Rakosell Can Assist TikTok Creators?
As your fan base grows, it's time to start building your own membership platform, allowing loyal fans and customers who follow you on other platforms to join your membership website directly, receive your published content, and subscribe as your core supporters. Not only can you create content for loyal fans, but you can also earn stable monthly income through exclusive content, continuing to support your long-term creation!
What Other Features Does Rakosell Offer?
- Establish membership websites and creator pages
- Create membership subscription plans
- Sell electronic virtual products*, manage customer orders and data
- Establish online courses
- Set up automated member communications and sales funnels to improve conversion rates
- Tipping
How to Apply for Rakosell?
You just need to visit the official website of Rakosell and click Join Now, fill out simple information and settings, and you can easily complete it within ten minutes. You can also read the Rakosell starter pack for more information. Use the limited-time promo code 'freetrial886' now to enjoy one month free on the Rakosell Advanced Plan. Unlock unrestricted access to all Rakosell membership platform features.