TikTok: TikTok is a big deal for creators and businesses, there’s so many ways to monetize and reach a huge audience. With over 108 million users in the US alone, it’s a force to be reckoned with in the digital world. In this post we’ll go over the top 10 ways to make money on TikTok in 2024 and give you the strategies and tools to turn your TikTok into a money making machine.
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Table of Contents
1. TikTok Creativity Program
The TikTok Creativity Program is a monetization tool that pays you for creating longer videos (1 minute or more) with high quality content. This replaces the old Creator Fund and is available to accounts with 10,000+ followers, 100,000+ video views in the last 30 days and other qualifications (18+ years old).
2. Sell Merch
Selling merchandise is a great way to monetize your TikTok content. Creators can use print on demand services to design and sell a wide range of products such as t-shirts, tote bags, pillow cases, hats, coffee mugs, stickers, notebooks and more. This not only generates revenue but also builds your brand and deepens the connection with your fans.
3. Sponsored Content
Working with brands on sponsored TikTok posts is another way to make money on the app. This means creating content that promotes a brand’s product or service and getting paid for each post. To get started, creators need to find brands that fit their niche and content style and reach out to them to propose a collab.
4. Affiliate Marketing
Affiliate marketing is a great way to monetize your TikTok content. Creators can partner with affiliate programs like Amazon Associates, ShareASale, CJ Affiliate and Rakuten Marketing to promote products or services and get a commission for each sale made through their unique affiliate link.
5. Gifting
TikTok’s gifting feature allows viewers to send gifts to creators during live streams. These gifts show up as stickers and animations in the creator’s live stream and can be redeemed for cash. Creators can also earn diamonds which can be redeemed for money and transferred to their connected account.
6. Sell with TikTok Shop
TikTok Shop is a feature that allows creators and businesses to sell directly to viewers via live streams, shoppable videos and in-app shops. To get started creators need to sign up and fill out an application at the Seller Center on TikTok’s site, then link their account once approved. TikTok takes a commission on sales but the rate is being tested in the USA right now.
7. Monetize Using the Series Feature
TikTok’s Series feature lets you monetize your content by offering exclusive content to fans who support you through recurring donations. This is great for creators who have a loyal fanbase and want to offer them exclusive content in return.
8. Crowdfund Projects
Crowdfunding is another way to make money on TikTok. Creators can use Kickstarter or Patreon to fund their projects and offer exclusive rewards to backers in return.
9. Collect Tips
TikTok’s tipping feature allows viewers to send money to creators during live streams. This is great for creators who have a strong relationship with their audience and want to monetize their live content.
10. Offer Educational Workshops or Courses
Short form education is on the rise on TikTok. Creators can cash in on this trend by offering educational workshops or courses that provide real value to their audience. This makes money and positions the creator as an expert in their niche.
Bonus Tips
- Pick a Niche: Sticking to one thing makes it easier to get a dedicated audience and monetize your content.
- Promote Your Business: Use TikTok to drive traffic to other channels like your website or YouTube and get new clients.
- Stay Trendy: Keep your content fresh by staying on top of TikTok trends and adjust your strategy accordingly.
In summary, making money on TikTok in 2024 in the USA is a combination of creativity, strategy and persistence. Use these 10 tips to turn your TikTok into a money making income stream and become a successful content creator in the digital world.
