TikTok is not just a fun social media platform for creating dance and trending videos. It is a way to make real money.
If you’ve heard of making thousands per year just by creating TikToks, you are probably intrigued by how to do this.
This article will break down everything you need to know about how to make money on TikTok. We’ll cover the best tactics so that you can go beyond being a TikTok user and can start earning money through TikTok marketing.
What is TikTok?
The app Musical.ly was a popular short-form video streaming app that had over 100 million users until 2018. ByteDance took this app over and moved it to TikTok.
The TikTok app offers a wide variety of sounds and song snippets with special effects and filters and includes a TikTok live feature.
What is TikTok Used For?
TikTok is for video creation, sharing, and viewing. Users can create videos that do not take much time and the videos can reach thousands.
Videos types include DIY craft videos, dancing videos, comedic videos, sports, or videos related to any niche you can think of.
Users can watch videos that they enjoy. The type of videos that they like and watch pop up every time they swipe up on their screen.
Who Uses TikTok?
TikTok has over a billion users, 63% are between the ages of 10-29, and the number of women that use the app doubles the number of men.
Most users are younger, but everyone from comedians, athletes, young kids, and parents create videos on the app. However, in recent years, businesses are using Tiktok as a way to reach gen z on social media.
Can you Make Money on TikTok?
Yes, you can make money on TikTok. It’s easy and doable if you’re an influencer with a large following.
There are a few different ways to make money on TikTok. These include:
- TikTok Creator Marketplace: Once you have 10,000 followers, you can apply for TikTok’s Creator Marketplace, which connects brands and creators.
- Brand Deals: When a brand is interested in working with you, they will contact you. TikTok will support you with a brand deal, and collaboration tool, and help you create content.
- TikTok Ads: TikTok has a native ad platform that creators can use to monetize their ads, and get paid on a CPM model.
Do you have to be verified to make money on TikTok?
No, you do not have to be verified in order to make money on TikTok. However, it is a lot easier to make money by applying to TikTok’s Creator Marketplace, which requires 10,000 followers.
While getting verified can unlock easy ways to make money, there is the possibility of reaching out to brands before having this many followers.
How Much Money Can You Make on TikTok?
This depends on how many followers you have and what type of brand partnerships you are offered.
Some creators make as much as a million a year.
The Creator Marketplace pays between 2 and 4 cents for every 1000 views on TikTok videos.
A million views would earn $20 to $40.
How many views do you need to make money on TikTok?
If you join the TikTok Creator Marketplace, you will earn $2 to $4 for every 1000 views on your videos.
To join the creator marketplace, you must have 100 000 views in the past 30 days.
The more views you get, the more money you will make.
How many likes do you need to make money on TikTok?
TikTok likes aren’t as important for getting paid as views or followers are.
However, plan to get more TikTok likes for your videos to make your content pushed out in the algorithm.
Who makes the most money on TikTok?
Charli Damelio is the highest-paid TikTok influencer of 2022 with 135 million followers and an annual earning of $17.5 million.
Dixie D’Amelio is the second-highest paid at 57 million followers and an annual earning of $10 million.
TikTok star, Addison Rae takes third place at 86 million followers and $8.5 million.