TikTok is taking the lead over other social networks without chills. It's in the top ranking for short video sharing globally. The good news is that it allows smartphone holders to shoot videos and share content—no excuses for lacking enough money or camera for videos hooting like before. In early 2020, the app had gained over 1.5 billion downloads and is now the most downloaded. So, this article informs if you can earn money every month from TikTok and how. Let's see.
While one can earn money from apps like YouTube rated by Google, TikTok doesn't compensate its users on any ads and photos. For this reason, branders and influencers lack an intermediary. The y also don’t have set rates even if they decided to team up. But, there's a constant rule- having a vast followers' number and high engagement rate, influencer earns more. There are no tricks because most brands realized influencers could buy followers who don't add value to their products. They consequently are interested in genuine fans aggressively interacting with your posts.
We've got biddable adverts on TikTok that can enable influencers to get money in the future. The company said that it's working on bidding ad options on its forum for changing how influencers can generate income. It'll operate by allowing bidding ads amongst advertisers against each other for ads impressions of choice on a separate platform. In short, it'll create a revenue-sharing program just like on YouTube.
Influencers with higher engagement rates will be given priority by brands, meaning they’ll potentially earn more. We can't clearly tell the engagement rates by TikTok as the ones published may be wrong due to the percentages given to users opening the app once in a while. But all in all, the calculations are the same across all money earning social networks. More other money-making methods from TikTok include;
Livestream on TikTok revolves around music presentation. TikTok creators can get paid as an appreciation for developing good content live on their account. It helps grow one's account, and as a result, you can get more interested brands seeing your growing influence.
Sell and promote own business
You can use the app to uplift your products or services for free. The good thing is that there aren't limits, you can sell almost everything ranging from technical, art, scientific, technological, among others. If it's a service, take a 15sec clip and upload it on your account, showing promotions, location, prizes, and booking plus contact information. Be sure to get more customers, referrals, and more connections to get your earning a reasonable sum of money monthly.
Use other social media accounts alongside TikTok to promote them. By doing this, you'd have secured a stronger earning source even if TikTok vanishes- get money from other social media platforms. Building a followers' foundation on other forums through TikTok gives you a brand of your kind that you won't have to struggle anywhere else.
The Bottom Line
TikTok app is still under development, and hopefully, it'll create earning rates in the future. Meanwhile, the easiest way to gain from the app is by developing more substantial influence and engagements. That way, brands will get an interest in your work and approach you for a chance to earn more. Begin by attaining thousands of followers then start looking at monetization by TikTok. Many companies and business owners pay up to $20,000 for every branded video endorsed by an influencer. They look at your influence level. Other ways of earning from the app include live streaming videos, cross-promotion, own business promotion, among others.