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How to Make $5000 Monthly on TikTok in 2024: The 15 Best Ways

Tags: tiktok

TikTok, known for its short videos, has become a major hit across the globe. It’s a platform where videos range from 15 seconds to 3 minutes in length.

This platform has attracted over a billion users worldwide, demonstrating its massive appeal.

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Particularly in the United States, TikTok has been downloaded over 200 million times, highlighting its significant global impact.

The app is not only for entertainment; many users are also exploring ways to monetize their TikTok experience.

Users on TikTok utilize their smartphones to create a variety of videos, including dance, comedy, and educational content. These videos attract a wide audience, including high-profile individuals and influencers.

For businesses, TikTok offers valuable opportunities. Companies collaborate with content creators to enhance brand visibility and forge stronger customer relationships.

In the following sections, we will delve into how content creators can earn money through their TikTok videos and how businesses can effectively use TikTok to engage with their target audience.

How to Make $5000 Monthly on TikTok in 2024: The 15 Best Ways

Can you make money on TikTok?

Absolutely. As a TikTok influencer, you have a variety of ways to earn income, extending beyond just creating videos.

There are numerous activities you can undertake to make money. This includes producing unique videos, sharing brand-sponsored content, and entering into paid partnerships.

Additionally, you can use affiliate links to promote products or even sell your own merchandise directly through your TikTok profile. As your number of followers grows, you can use TikTok to drive more traffic and sales for your business.

TikTok also offers its own support programs, like the TikTok Creator Fund. This fund helps creators enhance their TikTok presence, particularly if their content aligns well with what the audience enjoys.

The platform is equipped with several beneficial tools, such as the marketplace and creator fund. These resources are invaluable for anyone aiming to grow their social media footprint and earn money through TikTok.

Making Money on TikTok Isn’t Just for the Famous

There’s a common myth that you need to be famous on TikTok to earn money there. However, Shopify’s video challenges this idea effectively.

While you’re exploring how to make money on TikTok in 2023 using our article, it’s worthwhile to watch Shopify’s video titled ‘How To Make Money on TikTok in 2023.’ This video is a great supplement to our guide. It provides extra tips and visual explanations to enhance your ability to make money on TikTok.

Earning Money on TikTok

A Guide TikTok offers a range of ways to make money, and we’ve summarized them for you. This overview helps you quickly grasp various monetization strategies, from the TikTok Creator Fund to the platform’s tipping feature. Our guide aims to clarify these methods, helping you choose the best approach based on your interests, skills, and objectives.

1. Join the TikTok Creator Fund

The TikTok Creator Fund is a program that pays creators for making videos that attract a lot of views. It’s a way to earn money on TikTok while also growing your presence on other platforms.

This fund rewards users for their engaging and popular content, directly linking earnings to the number of views a video receives.

To be eligible for the TikTok Creator Fund, you need to have a TikTok account and be at least 18 years old.

Additionally, you must be a legal resident of one of the 50 United States to participate in this program.

A minimum following of 10,000 genuine followers is required to be considered for the fund.

You should also have garnered at least 100,000 authentic video views in the past 30 days.

Finally, to qualify for the creator fund, your videos must be original and adhere to TikTok’s community guidelines.

2. Selling Merchandise on TikTok

If you’re a social media influencer on TikTok, you have the unique opportunity to sell products directly to your followers, essentially starting your own small business on the platform.

Many successful TikTok creators boost their earnings by selling merchandise that complements their online content. This approach turns their popularity into a profitable business venture.

For instance, fitness influencers often sell fitness-related items, like activewear, which naturally aligns with their content about health and exercise.

As a TikTok influencer, your options for merchandise are vast. You can sell anything from artistic creations and t-shirts to complete clothing lines and memorabilia.

The key is to choose products that resonate with the type of content you create and the interests of your followers.

By incorporating merchandise sales into your overall influencer marketing strategy, you can effectively monetize your TikTok presence while offering value to your audience.

3. Earning Through Sponsored Posts on TikTok

One effective way to make money on your TikTok channel is by sharing sponsored content. As an influencer, you can collaborate with various brands to promote their products and services through your posts.

These partnerships typically involve showcasing products in various ways. This could include conducting product giveaways or sharing your personal favorites from the brand. Such promotions can be profitable for you while also raising brand awareness among your TikTok audience.

Every brand partnership can look different, tailored to the specific needs of the business you’re promoting. The requirements often involve posting a set number of pieces of content related to the brand.

This content can vary from detailed reviews and demonstrations of product use to shorter posts highlighting key features. These posts aim to inform and engage your followers about what the product or service offers.

The goal is to create content that fits both the brand’s promotional needs and your unique style, ensuring authenticity and appeal to your TikTok followers.

4. Earning Through TikTok Ads

TikTok ads present a valuable opportunity for businesses and influencers to expand their reach and earn revenue. The platform offers various advertising options like in-feed video ads, branded hashtags, brand takeovers, and branded effects.

By engaging with TikTok For Business, you can start capitalizing on these advertising features to generate income. These tools are designed to integrate seamlessly into the TikTok experience.

Over time, TikTok has been enhancing its business-focused features. Taking advantage of these can help users grow their accounts and boost engagement levels.

TikTok ads are particularly effective for brands that want to promote their products in a way that feels natural and engaging, rather than overly sales-oriented.

The platform’s ad features are crafted to blend with the usual content, making them less intrusive and more appealing to TikTok users.

By leveraging these advertising features, you can use TikTok to drive growth for brands, tapping into the platform’s vast and diverse user base.

5. Receiving Virtual Gifts on TikTok:

TikTok allows its users to buy virtual gifts and coins, which they can use to tip or donate to their favorite creators. This feature is a part of TikTok’s system that enables direct support from followers to content creators.

These virtual gifts and coins can be gifted to creators during their live TikTok videos. It’s a way for viewers to show their appreciation for the content in real time.

Creators on TikTok can convert these virtual gifts into real money. This system provides a direct channel for creators to earn from their live content.

This method of earning is especially beneficial for creators who post frequently and host live stream events. It not only allows them to monetize their presence but also helps in maintaining meaningful engagement with their audience.

6. TikTok Account Growth and Sales

For businesses looking to establish a presence on TikTok but lacking the know-how, one solution is to offer services that specialize in growing TikTok accounts. This involves increasing traffic to their TikTok posts.

By developing and then selling TikTok accounts, you provide businesses with a ready-made audience in a specific niche. This organic growth is crucial for businesses seeking to expand their reach on the platform.

Various platforms, such as 123accs, Accfarm, and Fameswap, are available for selling TikTok accounts. This can be a lucrative way to make money, especially if you’re adept at growing accounts.

If you’re considering flipping TikTok accounts as a side business, you’ll need to craft a robust content strategy. Regular engagement with followers and consistent posting are key to boosting an account’s appeal.

It’s important to remember that accounts need to meet certain criteria in terms of follower count and views to be sellable. This is a critical factor to consider in the account flipping process on TikTok.

7. TikTok Influencer Campaign Management

A profitable way to make money on TikTok is to offer account management services, particularly for managing influencer campaigns for popular TikTok users. Many influencers seek to grow their presence on the platform but often lack the time or expertise to do so effectively.

By providing management services, you can help influencers concentrate on engaging with their followers while you handle the operational and business aspects of their account. This division of labor allows influencers to focus on content creation.

As a manager, you can also act as a liaison between TikTok creators and brands. This role involves securing deals for sponsored content, brand partnerships, and various sponsorship agreements that match the content style and niche of the influencer.

Your job would include finding and managing deals that are a good fit for the influencer’s content and audience. This could range from negotiating terms to ensuring content aligns with both the influencer’s style and the brand’s marketing goals.

As part of managing influencer campaigns, you assist businesses in connecting with suitable TikTok influencers and oversee critical campaign activities. For these services, you can charge a fee, making it a viable business model on TikTok.

8. Broad TikTok Account Management Services

Another way to earn money on TikTok is by offering general account management services. This option goes beyond managing specific influencer campaigns and includes assisting creators and businesses in maintaining and boosting their TikTok presence.

Your role in management services can be diverse. It might involve helping businesses and creators establish and maintain a strong presence on TikTok, driving traffic and engagement to their brand.

Part of these services includes creating a content strategy for clients. This could mean setting goals for content production or leveraging opportunities from collaborations with other businesses and brands.

An important aspect of account management is helping clients grow their following. This involves regular engagement with their audience and understanding how to effectively communicate with followers.

Depending on your clients’ target audience, you can offer more specialized services. This might include crafting targeted and optimized video descriptions or creating content tailored to appear on TikTok’s ‘For You’ page.

The services you offer can be tailored specifically to the needs and goals of your clients. This custom approach ensures that the content strategy aligns with the client’s desired audience and objectives on TikTok.

9. Using Affiliate Links on TikTok

A viable method for making money on TikTok is by incorporating affiliate links into your posts. Affiliate links are essentially connections to products that, when purchased by someone, earn you a commission.

Every time someone buys a product through these links, you get a small share of the sale. This is a simple yet effective way to monetize your TikTok presence.

You can place these affiliate links in various parts of your TikTok profile, like in the descriptions of your posts or in your bio. This strategy allows you to earn money whenever someone makes a purchase through these links.

For instance, you might include links to your favorite products or items you use in your TikTok videos. By letting your followers know about these affiliate links, and that you’ll receive a percentage of any purchases, you can effectively generate income while sharing products you love.

10. Music Promotion on TikTok

One interesting way to make money on TikTok involves promoting music tracks. Music plays a crucial role in creating engaging TikTok videos, as it adds an essential element to the content.

Many popular TikTok creators use a variety of music and backing tracks to enhance their videos and attract more engagement from viewers. The right music can significantly boost the appeal of a video.

As a TikTok user, you have the opportunity to support music tracks by including them in your videos. This not only enriches your content but also helps in promoting the music.

When you use specific music tracks in your videos, you can arrange to get paid for this promotional effort. This mutually beneficial arrangement supports musicians and adds value to your TikTok content.

11. Role of a Brand Ambassador

In the world of social media, becoming a brand ambassador is a sought-after way to earn money. Companies are constantly in search of influencers who can guide potential customers to their products and services.

As a brand ambassador on TikTok, your role involves more than just making videos. It’s about using your influence to enhance a brand’s visibility on social media.

Part of your job is to convey positive messages about the brands you represent. This not only helps in promoting their products but also shapes consumer perceptions and drives sales.

While being a brand ambassador is a paid position, the advantages extend beyond financial gain. It offers you the chance to broaden your professional connections within the industry.

Engaging as a brand ambassador opens doors to new opportunities and connections, helping you grow not just in terms of followers but also in your professional journey in the digital marketing world.

12. Join TikTok’s Creator Marketplace

TikTok’s Creator Marketplace is a platform where you can collaborate with brands and sponsors. If you meet certain criteria, joining is straightforward, and your role typically involves mentioning a brand’s product or service in your videos.

By being part of the Creator Marketplace, you make it easier for brands to find and select you for collaborations and endorsements. This platform acts as a bridge between influencers and businesses.

Brands are constantly on the lookout for popular and credible influencers, especially those who cater to specific niches that align with their target audiences. Being on the Creator Marketplace puts you in a prime position to be noticed by these brands.

To join the marketplace, a key requirement is having at least a hundred thousand followers. However, there are other factors that TikTok may consider as well.

An advantage of the Creator Marketplace is its analytics tool. This tool helps businesses evaluate your engagement reach, views, and audience demographics, making it easier for them to see the value in partnering with you.

For creators, this marketplace is not just about finding brand partnerships. It’s also about having access to tools that can aid in developing a growth strategy for your TikTok channel.

Being a part of TikTok’s Creator Marketplace not only offers opportunities for partnerships but also provides valuable insights that can help you grow your channel and increase engagement with your audience.

13. Expanding Beyond TikTok with Patreon:

Many TikTok content creators broaden their online presence by moving to platforms like Patreon. Patreon offers a more personalized content experience for your audience.

On Patreon, your followers can subscribe to your page to access exclusive content. This might include behind-the-scenes videos, special posts, Q&A sessions, and other unique forms of engagement not available on TikTok.

The cost to start a Patreon page is relatively low, making it an accessible option for content creators. By keeping the subscription fees affordable, you can attract more subscribers.

Maintaining low subscription costs can also help in sustaining your subscriber growth over time. This approach allows for a steady increase in your follower base, ensuring a consistent and engaged audience on Patreon.

14. The Role of a TikTok Consultant

In the current digital era, the demand for TikTok consultants is rising. Many businesses are eager to boost their brand awareness and product demand, making TikTok a key platform for their marketing strategies.

As TikTok continues to grow as a major social media channel, offering consulting services in this area becomes increasingly valuable. Businesses are recognizing the potential of TikTok in reaching wider audiences.

As a TikTok consultant, your job involves developing and implementing social media strategies for businesses on TikTok. This includes helping brands to expand their audience and increase their online presence.

To attract new clients, showcasing the growth and metrics of your own TikTok account can be a compelling proof of your expertise. Over time, this can evolve into a robust and thriving consulting business.

15. TikTok’s New Tipping Feature

TikTok has introduced a new feature that allows content creators to earn money directly from their followers. This tipping feature is designed to make it simpler for creators to receive tips and donations for their content.

With this feature, creators on TikTok can now easily collect monetary contributions for their work. This adds a new dimension to how creators can monetize their content and engage with their audience.

This tipping function enables followers to actively support their favorite TikTok creators. By donating money, followers can show their appreciation and contribute financially to the creators they enjoy.

How to Make More Money with TikTok Videos

To maximize your earnings on TikTok, focus on regularly uploading consistent, high-quality content. Your ability to create videos that captivate and engage your audience is crucial. Consistent posting helps in attracting new followers and keeping the existing ones interested.

Like any social network, a key to success on TikTok is building a large following. The more followers you have, the more influence you wield on the platform. This is especially important as brands and businesses often seek to collaborate with influencers who have a substantial following.

As an influencer, it’s important to actively engage with your audience. This includes listening to their feedback, producing content that resonates with them, answering their questions, and hosting live streams. Utilizing TikTok’s features, like rewards for referrals, can also help grow your audience and income.

Enhance your visibility and engagement by promoting your TikTok content on other social media platforms like Instagram, Facebook, or YouTube. Many influencers achieve greater success by integrating their TikTok strategy with a broader social media presence.

To significantly increase your earnings, explore various revenue streams. This could include receiving tips, selling merchandise, securing brand sponsorships, or participating in TikTok’s Creator Fund. Diversification not only boosts income but also expands your network and opportunities.

By incorporating these strategies, you can effectively enhance your earning potential on TikTok. Regular content creation, audience engagement, strategic cross-promotion, and diversifying income sources are key components to successfully monetizing your TikTok presence.

How many views do you need to get paid by TikTok?

To make money on TikTok, the number of views your video gets is important. TikTok pays users based on the views their videos receive within a certain timeframe. If your video reaches over 100,000 views in a span of 30 days, you can start earning money directly from TikTok.

How many followers do you need to make money on TikTok?

To make money from TikTok, it’s essential to first have an account on the platform. Additionally, you need to gather a minimum of 10,000 followers to start monetizing your content on TikTok.

The post How to Make $5000 Monthly on TikTok in 2024: The 15 Best Ways first appeared on Business Colleague.

The post How to Make $5000 Monthly on TikTok in 2024: The 15 Best Ways appeared first on Business Colleague.



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