Make Money On TikTok: 7 Effective Ways On How To Monetize Your Content On TikTok App In 2023

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Wondering how you can earn from your creative idea using TikTok in Ghana while at home? In this article, we’d be exploring some easy and amazing ways you can start making money from the popular video-sharing social networking, TikTok today.

TikTok

TikTok is a Chinese video-sharing social networking service initially released in 2016 by ByteDance. In 2017, it became available for downloads in the iOS and Android stores in markets outside China.

TikTok is used to create short dance, lip-sync, comedy and talent videos.

Why TikTok?

You might be hearing the term ‘TikTok’ for the first time, or probably seen a number of videos branded ‘TikTok’ without really knowing what the app does.

TikTok
The TikTok logo is seen on an iPhone 11 Pro max in this photo illustration in Warsaw, Poland on September 29, 2020. The TikTok app will be banned from US app stores from Sunday unless president Donald Trump approves a last-minute deal between US tech firm Oracle and TikTok owner ByteDance. US authorities say the Chinese video sharing app threaten national security and could pass on user data to China. (Photo by Jaap Arriens/NurPhoto via Getty Images)

Below are some amazing features of the TikTok app:

  • Watching videos:

I’m sure I’m not the only guy that enjoys those awesome, unique TikTok videos. From short comedies to music and even more.

  • Creating of videos:

With varieties of tools that will allow creators to edit their videos, TikTok is really one of the best places to visit as a content creator. There is also an option of livestreaming, which even makes it more interesting. Users can also

  • Add music:

TikTok doesn’t only help you create videos, but you can also add your own soundtracks as you like. In fact, the app’s integration with Apple Music and its extensive music app has made it, even more, better than the other social platforms.

  • Discover new contents:

Yeah, the hashtags and search widgets are not exclusive to TikTok alone, but it’s still worth talking about. On TikTok, users can search for keywords, hashtags, users, videos and even sound effects.

  • Interact:

Just like every other social networking platform, users can follow accounts, share posts they like, drop comments and even more. But one more thing, you can also drop gifts.

  • Explore profiles:

On TikTok, you can explore profiles to see things like the overall number of hearts a user has received and other things.

  • Spend virtual coins:

Lastly, you can gift your favorite TikTokers virtual coins to show your appreciation. The coins will then be exchanged for cash, with the 100 coins going for $1.39.

TikTok
The TikTok logo is pictured outside the company’s U.S. head office in Culver City, California, U.S., September 15, 2020. REUTERS/Mike Blake

How To Make Money From TikTok

Before we proceed, I want to make it clear that TikTok isn’t like YouTubing that you can just venture into because of the money. You need to be really passionate about creating videos before thinking of monetizing your channel.

If you explore the different ways I’d be listing out, you’d understand better on why I said such. You know? Creating an engaging video takes a lot of commitments, time and resources. It’s something you can do if you really enjoy people viewing your contents without getting paid.

Some ways you can monetize your TikTiok channel include:

• Growing and selling accounts

Just like Instagram, you can make money from TikTok by growing and selling accounts. This is becoming popular as the days go by, and one good thing is that there’s are always ready buyers waiting for active accounts to buy.

If you intend growing an account to sell, I’d recommend you stick to one niche. Whether dance, fashion, cooking, humour, lip-syncing videos or art and craft.

• Selling TikTok likes and followers

You can start selling TikTok followers and likes to other users. Some websites sell them for as low as $2 for 100 followers. So if you learn the craft, getting customers won’t be an issue since the niche isn’t competitive yet. You can also consider creating a website at a very affordable rate, it’ll help give you an edge over your competitors.

In addition, having a website will help build trust among your customers, while giving you exposure on Google and other search engines.

• Donations

This is another popular way of making money on TikTok. You can collect donations in the form of coins from your fans and followers, which you’d, in turn, convert to cash. This is one of the most amazing features I like about TikTok, users can now appreciate their favourite content creators right on the platform.

The coin feature isn’t exclusive to TikTok along, you can also find something similar on Likee and Twitch. In TikTok, a hundred coins go for $1.69 and users can withdraw their earnings as soon as they reach a $100 threshold. Withdrawal is strictly via PayPal.

• Tiktok ads

You can also make money from promoting your brand/products (or services) via the TikTok ads platform. To advertise, head over to their official website and click on advertise on TikTok on the menu bar.

You can also promote your brands without having to pay for ads. For example, if you sell toys, you can start creating/posting videos of kids riding your toy cars and other similar stuff. This will, in turn, motivate people into sharing your contents if they find them interesting.

• Manage influencer campaigns

There are many brands in search in search of influencers to promote their brands on TikTok. You can act as a middleman, who will connect the influencers to the advertisers while earning some commissions.

This method isn’t just exclusive to TikTok, you can also use it to make money from Twitter, Instagram and other social networking platforms.

• Offering management services

You can also make money from TikTok by offering management services for creators. It’ll involve creating/editing the contents, growing the accounts and even more.

If you’re talented ins tory telling, you can definitely apply that to offering management services to TikTok creators. 

• Consulting

If you’re a TikTok pro, I mean someone that can grow a 10,000 views video to 100,000 views, you can offer consultation services to other TikTok creation. This, of course, isn’t free, the creators would have to pay you for the services.

This, in fact, is one of the easiest ways of making money from your TikTok if you’ve garnered millions of followers.