How to Easily Get Money on Tiktok Live - From your Followers
Source: DHgate, Tag: E-Commerce Tips
Tiktok may not be one of the oldest social media platforms, but its popularity has soared significantly recently, increasing the prospects of making money on the platform. You could be a TikTok influencer or an aspiring one; if you wish to get paid via TikTok, you must read this.
One thing you need to know before we go far is that you do not need to have the largest following to get Paid in this app. However, you must follow some steps to make your content appropriate. Further, understanding the concept of the TikTok influencer agency will also be crucial in guiding you through the process. Therefore, without much ado, let's dive into how to get money on TikTok live.
What you need to start getting paid on TikTok
There are a few basic requirements that one must fulfill to start making money on this app:
Be aged 18 years and above
Have at least 10,00 followers
Your video must have garnered at least 100,000 views in the last month.
Your account is compliant with the terms and conditions of the TikTok community regulations.
Making money on this app becomes easier when you understand these basic requirements and know your target audience. There is no given way of getting money, but TikTok's highest earners often maintain several complimentary streams of income. The streams include organic marketing, sponsored content, and more.
Now let’s look at some of the easiest ways of getting money on TikTok.
Become part of the TikTok Creator Fund
If your usage of the app has led to the establishment of a considerable following, consider making money via TikTok Creator Fund.
The money from this Fund will vary from one user to the other as its calculation is based on one’s audience, the quality of engagement with your followers, and the frequency of making posts.
The Creator Fund can be brilliant, especially if you have an established following. Nonetheless, it can be exclusive, not guaranteeing regular payment.
However, if you are starting on TikTok, your account has more ways of making money. The best thing is that the other ways are still open to you even if you are on Creator Fund, diversifying your sources of revenue.
Go live to get virtual gifts.
All along, you might have been wondering how to get money on TikTok live; this is your opportunity to learn everything. TikTok's Live gifting is a vital feature for content creators who wishes to make money through live streaming. Whereas other social media platforms may also have live streaming features, TikTok stands out by giving users an opportunity to appreciate the content creators by sending them real-time virtual gifts. The gifts can be redeemed for payment.
Here are some strategies to capitalize on TikTok live to get money:
Select the right time. Everyone desires to go live when everyone is online. The good thing about this app is that it lets you know when most of your followers are online. To confirm this, go to your profile settings, and click on the Analytics Tab. Be sure to perform when most of your audience is active to increase your chances of getting gifts.
Stay live longer. It is very unlikely that the user will stay online throughout your performance. However, there is a high chance that others will get active along the way and would like to see your performance.
Post during your Livestream. Tiktok allows you to post a short video while live streaming. Use this opportunity to give your followers a link to your live broadcast to increase your viewers.
Use hashtags. Users on most social media platforms use hashtags to know what is trending and follow what interests them. Likewise, using TikTok hashtags will help your video get more attention, increasing its viewership.
Ensure you have a stable internet connection. This may sound obvious, but it is a crucial thing you should pay attention to when going live. Confirming that you have a strong internet connection, good lighting, and sound equipment before starting your live broadcast will enable you to stay long without interruptions.
Stay safe. Not everyone will like your posts online; some might even resort to bullying and harassing. Do not allow such kind of negative energies to distract your performance. Utilize TikTok features to filter comments and block or mute such users to encourage positive engagement on your account.
Real-time engagement with your followers is crucial in establishing a valuable relationship with them. When users have a strong connection with you, they will develop a personal stake in your success. Going live will boost your other means of making money on TikTok.
Sell merchandise to your followers.
Tiktok allows you to sell your products to make more money on the app. Whether you are a singer, comedian, or dancer, TikTok allows you to make and sell merchandise to your most loyal followers.
The growing number of print-on-demand companies implies that you have various merchandise to choose from. You can sell t-shirts, bags, coffee mugs, or anything that resonates well with your audience.
The benefits of selling print-on-demand items go beyond making money. Branded merch will help you establish a personal connection with your fans which helps grow your brand.
Join the TikTok creator marketplace
TikTok's creator marketplace has emerged as one of its most creative way of allowing content creators to make money on the platform. The Creator Marketplace works by connecting the right brand to the right influencer, encouraging a fast and convenient partnership for both parties. This way, the app makes it incredibly easy to develop useful sponsored content.
Tiktok allows influencers that wish to run influencer campaigns to browse the marketplace to evaluate the contents they would love to partner with.
The creator marketplace plays the role of an influencer agency, allowing the parties to indicate their willingness to partner with each other. This prevents the awkwardness marketers experience when approaching influencers on other social networks.
Use TikTok ads manager to develop in-feed ads.
Tiktok presents a host of opportunities to make money through organic marketing. However, if you are willing to invest more in expanding the reach of your content, you can opt to use TikTok ads manager to create your in-feed ads.
Tiktok ads are shown in users' "For you" feed and play automatically like other videos. However, with paid ads, you are guaranteed that the ad reaches the intended audience, which is more interested in your products.
The best part of marketing on TikTok is how its ads integrate seamlessly with Shopify. This means you can use your Shopify store to simultaneously develop a TikTok ad, choose its target audience and track its performance. This feature makes TikTok the best online marketing tool you can leverage to make a fortune.
Crowdfunding
This is the most accessible way for content creators to make real money on TikTok. Being a creator involves spending a lot of time and effort developing something worth watching for fun. Therefore, giving them an easy and no-pressure way of giving back can be a great way of securing a regular source of income.
Crowdfunding happens in several ways, based on the funding you are going for. For instance, if you are looking for funds to start a project, you can mobilize your fans by developing a funding drive goal and doing a live fundraising event.
Here are a few crowdfunding sites you can visit to raise funds for a particular project:
Kickstarter: this is the most used crowdfunding site on the web. Therefore, the number of fans and the brand's knowledge are crucial assets.
Indiegogo: if your funding goal is not definite, you can look out for this platform. It will give you a more flexible fundraising target, allowing you to get money after your deadline.
Fundable: this platform allows startups to provide equity in exchange for money, making it the best site for getting investors.
Croudcube: the site gives firms that succeed in their fundraising drive exclusive benefits through the crowdcube funded club.
Crowdfunder: the platform allows companies to raise funds through accredited investors. It has a network of over 12 000 angel investors and venture capitalists that you can connect with.
SeedInvest: this site lets individuals who are not accredited invest on its platform. Unlike other sites, your backers on SeedInvest are your investors, not supporters.
Generally, utilizing one or more of these sites will enable you to raise funds through your TikTok funds.
Get "tips" from your followers.
If you do not have a specified project in mind, you are not ready to give investors equity, or crowdfunding sites may not be appropriate for you. In this case, use a tipping platform as the fastest and most convenient way of accepting donations.
Tipping sites offer more personal financing options. Their functionality is similar to the real-life tip jar. Though not mandatory, this option is available for your followers, who can tip you any amount whenever they feel so.
If this option of making money on TikTok is fascinating to you, here are the tipping sites you can consider.
Tipeee: this platform does not give subscriptions, but its strength lies in simplicity. Creators can use this site to set up a page where their supporters can "tip" any amount at any time.
Buy Me a Coffee: the platform prides itself on being a great option for content creators rather than businesses. It is similar to Tipeee in terms of simplicity. Fans are directed to a page where they can buy as many "coffees" for the content creator as they wish. At this point, "coffee" is a $1 payment channeled to the creator through PayPal or online banking.
Ko-fi: this platform pays creators who have specialized in making personalized content, such as custom video chats, through tips, membership, and commission.
Effective utilization of these tipping sites is a great way of making passive income through TikTok: therefore, you can consider exploiting them.
Create a Patreon and offer followers subscriptions
Crowdfunding is more suitable for huge projects, while tipping is the easiest way to get funds faster. However, what if one is after a more secure and consistent source of income? This is where creator-based subscription sites such as Patreon come in.
Subscription-based forms of revenue work best for content creators since they keep personal subscription fees low and emphasize growing the number of your followers.
Taking a low-cost subscription of $1 per month from each dedicated fan will see the amount increase with an increase in the number of dedicated fans.
Patreon was one of the first major platforms meant to allow creators and influencers to make money through paid subscriptions from their loyal followers. Using this platform, you can create subscription tiers that permit you to offer exclusive content to your loyalist fans at a fee. Hence, making good money through TikTok.
FAQ
Will I get paid for posting videos on TikTok?
No, TikTok will not pay you for creating and uploading videos on the platform. However, it offers payments to content creators through the TikTok Creator Fund, which varies based on such factors as the number of views, the authenticity of the post, and the level of engagement.
There are incidents when brands pay influencers to create videos, but the highest-paid creators often make money on TikTok by leveraging multiple income streams.
How many followers do I need to make money on TikTok?
This will depend on the ways you are using to make money on TikTok. For instance, estimates show that you can make up to 3 cents for every 1000 views, meaning to earn 30 euros, your post should garner at least a million views.
However, if you want to benefit from TikTok Creators Fund, the app requires you to have over 10 000 followers, and your post must attract at least 10,000 views.
Conclusion
Today, there are many ways of making passive income online, and TikTok is among the easiest and the most convenient. The app's popularity is ever-growing, offering multiple streams of making money online. Therefore, if you are yet to get paid online or you would like to maximize your earnings on TikTok, follow these steps on your way to financial freedom.