Making money online through social media has been the trend lately across the internet. Tiktok is one of the platforms which a lot of people are using to grow their followers. If you are looking for a means to make money on TikTok, then you’ve come to the right place.
In this article, we will explain what TikTok is all about and then move on to answer the controversial question “is TikTok still profitable?” and “how to make money on TikTok.
Tiktok is a social media app for sharing, discovering and personalizing videos. It allows you to watch different kinds of videos, ranging from football, comedy, dance, songs etc. It is owned by a Chinese company known as Bytedance.
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Is Tiktok Still Profitable in 2021?
People are confused as to whether Tiktok is still profitable or not. Many have speculated that the app is dangerous and non-profitable. But are these claims true? Well if this is the question on your mind, then the answer to it is yes. Tiktok is still very much profitable.
Despite the US drama and looming ban of the app, Tiktok revenue remains very high. With an over $100million rise in stock since its release in 2018, Tiktok remains highly profitable.
How to Make Money on Tiktok:
The problem is that many people often start many things without knowing much about it. You must have outstanding knowledge about whatever thing you decide to get involved in.
- Firstly, like every other social media platforms, like Facebook, Instagram, Twitter etc, you need to first create your account or your brand. Know the type of video you want to post, ensure that is something your audience would love.
- Remember that you are as important as the content of your post. To be an influencer on Tiktok, you must post what the audience can’t get enough of. This usually requires a lot of work, your post must be unique, interesting, new and entertaining. You also need to be consistent with your videos.
- You need followers, if you want to make money with Tiktok, then you need many followers, at least 10,000 followers. If you have done the first two steps well, this one will not be a problem. Like we said earlier, the best way to get plenty of followers is to upload interesting videos frequently.
Below are some of the proven practical ways to make money with your Tiktok app.
1. Promoting a business brand.
You can make money from Tiktok by promoting a particular business brand. You can reach out to business owners or companies who want their products and services known. Once you have become an influencer, companies will hire you to advertise their products with the hope of generating sales.
2. Convert your gifts to diamonds.
After you have a thousand followers, you can go live. Your followers can donate coins to you and those coins turn into something that they call diamond. Those diamonds can then be converted into money with PayPal cash and after you have ten thousand of those diamonds you can cash out. That 10,000 diamonds is about fifty dollars. If you want more information on how the coins work and everything, you can go to google TikTok coins and you’ll find the page. This is exactly how it works: the users have to be 18 years or older to purchase the coins and to give you the gift.
3. Market your products.
You can leverage your popularity by creating your products, maybe a make-up brand, T-shirts, Soap etc. You therefore need to convince your audience to buy from you. If this works out well, you will be making a good sum of money from it.
Once you have mastered the pros and cons of Tiktok, you can go ahead and help other people solve their problems on the app. Perhaps you can help them increase their views on their videos or help them get more audience or followers. Of course, you need to have the background and the experience in this first to offer this as a service. But once you’re there, people will pay to have your experience and your brain on their account.
The amount of money you make on Tiktok is dependent on the relevance of your posts. Once your posts go viral, there are higher chances for you than someone whose posts are scarcely viewed. It is similar to every other social media platform, your influence determines your worth.
There you have it, the practical ways of making money with your Tiktok account. I hope you find this article helpful, as we have made comprehensive research before sharing it here with you.