The year 2020 was undoubtedly a tough one, with people all over dealing with the economic impacts of the COVID-19 pandemic. With so much uncertainty throughout the year, it’s no wonder why people all over the world are looking for ways to make money online. And, if you happen to be a TikTok user, you could be in luck. Making money on TikTok may seem intimidating or even impossible, but it is actually fairly simple and straightforward. In this article we’re going to explore a few ways that you can make money on TikTok this year.
What is TikTok?
If you’re unfamiliar with TikTok, it’s a social media app that allows users to make and upload short videos, usually to the tune of 15-60 seconds, of humorous skits and trends. Since it’s launch in 2016, it has become one of the most popular social media apps and has a large user base of over 800 million active users.
How to Make Money on TikTok in 2021
Now let’s discuss the different ways that you can make money on TikTok in 2021. Here are a few ideas:
- Affiliate Marketing
Affiliate marketing on TikTok is a great way to make money. All you need to do is partner with a company, promote their products or services with a unique affiliate link, and whenever someone uses your link to buy a product, you get a commission. You can find great affiliate products and services by searching through companies that have affiliate programs or looking through TikTok’s “Brands” tab.
- Video Ads
Running video ads is a great way to increase your visibility and monetize your videos at the same time. While it might take some time and experimenting to find the right ad strategy that works for you, if done right, you’ll be able to reach a larger audience, increase engagement and rake in extra income. Just make sure to follow TikTok’s terms and conditions when running ads, as it is strictly enforced.
- Selling Merchandise
Selling merchandise, such as t-shirts, mugs, and phone cases with branded designs featuring your logo, catchphrase, or funny videos, is a great way to monetize your TikTok following. You can either create your own store and handle the merchandise yourself, or you can use a third-party platform like Shopify or Teespring to outsource the process.
- Brand Sponsorships
When you have a large enough following on TikTok, brands will be looking to partner with you and provide you with sponsorships. This could be either a one-time collaboration or an ongoing partnership. It all depends on your following, engagement rate, content quality and consistency of uploaded videos, so make sure you put your best foot forward!
- Live Streaming
Live streaming is another great way to make money on TikTok. You can either choose to stream events, or even live games or interactive talks. You can also charge a fee for viewers to watch your streams and make money that way.
Making money on TikTok doesn’t have to be hard. With the right approach and the right effort, you can make money from the comfort of your own home. Whether it be through affiliate marketing, running video ads, selling merchandise, getting sponsorships, or live streaming, there are several ways to monetize your TikTok following. All it takes is a little creativity, strategic planning and hard work. So start working on your monetization plan today, and you could be making money from your TikTok this year!
