How to monetize or earn money on TikTok? Quick guide to achieve it
If you are interested in making money on TikTok here we leave you the ways to do it and how much you can earn through it.
By HASSAN June 12, 2021
Opinions expressed by Entrepreneur contributors are personal.
Do you consider yourself a creative, funny person, with a special talent or good at a specific subject? Maybe showing the world your dancing, cooking, photography skills, or just the way you make jokes through short videos can help you make money on TikTok. In addition, now that we are in confinement, this is a great ideaikTok is an application, developed by the Chinese technology firm ByteDance, that allows you to record, edit and share short videos, between 15 and 60 seconds, to which you can add visual effects, songs and sound effects.
To find out more: 3 reasons why TikTok is here to stay (and why it is becoming more popular among 'chavorrucos')
Since its inception, this platform has aroused people's interest in exploring the world of videos, especially because they can be created easily. According to SensorTower, TikTok remains in the top of the most downloaded applications in 2020 and in May it ranked number one globally with more than 111.9 million downloads. So if you are a content creator or you just like to make people laugh this can be a great opportunity to earn an income. Next, we will tell you how to monetize your TikTok account and how much money you can earn from this platform.
How to make money on TikTok?
1. Live broadcasts: prepare valuable content aligned to your personal brand and talk with your followers in live broadcasts, during this activity your "fans" can send you virtual gifts that they buy with certain amounts of coins.
How to monetize or earn money on TikTok? Quick guide to achieve it
If you are interested in making money on TikTok here we leave you the ways to do it and how much you can earn through it.
By HASSAN June 12, 2021
Opinions expressed by Entrepreneur contributors are personal.
Do you consider yourself a creative, funny person, with a special talent or good at a specific subject? Maybe showing the world your dancing, cooking, photography skills, or just the way you make jokes through short videos can help you make money on TikTok. Also, now that we are in lockdown, this is a great idea to earn money from home.
Thomas Trutschel | Getty Images
TikTok is an application, developed by the Chinese technology firm ByteDance, that allows you to record, edit and share short videos, between 15 and 60 seconds, to which you can add visual effects, songs and sound effects.
To find out more: 3 reasons why TikTok is here to stay (and why it is becoming more popular among 'chavorrucos')
Since its inception, this platform has aroused people's interest in exploring the world of videos, especially because they can be created easily. According to SensorTower, TikTok remains in the top of the most downloaded applications in 2020 and in May it ranked number one globally with more than 111.9 million downloads.
So if you are a content creator or you just like to make people laugh this can be a great opportunity to earn an income. Next, we will tell you how to monetize your TikTok account and how much money you can earn from this platform.
How to make money on TikTok?
1. Live broadcasts: prepare valuable content aligned to your personal brand and talk with your followers in live broadcasts, during this activity your "fans" can send you virtual gifts that they buy with certain amounts of coins. Users can buy 70 coins for 19 pesos or 350 for 95 Mexican pesos. Later, these coins can be exchanged for gifts and once they are sent to you these are converted into diamonds that are translated into real money through PayPal. It is important to mention that to make "lives" in this social network, the creator must have more than a thousand followers.
2. Take your TikTok followers to other social networks: it is a fairly new application in which there are not many established creators yet and which is receiving a lot of attention from the audiences. When you get a considerable amount of followers you can take them to your Instagram or YouTube channel which are another type of platform where you can also monetize.
3. Get sponsors: one of the ways in which creators can make profits is through sponsors and these can be obtained through the TikTok monetization team, through a brand or agency and even from a company
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