How to Make Money on TikTok in South Africa
TikTok provides a number of viable options for earning money.
Here’s an overview of the greatest possibilities, as well as some pointers on how to develop a successful TikTok company.
For the majority of TikTok’s brief existence, it offered little opportunities to earn money.
However, in June 2020, the firm launched the “Creator Fund,” which compensates people for viral material on the app.
We’ll go through what the Creator Fund is and how to use it in this post.
However, we’ll go through some of the other methods to generate money on TikTok, many of which may be highly profitable.
How Much Money Can You Make on TikTok?
Get Paid Directly by TikTok
Take advantage of TikTok’s newly announced Creator Fund for the most direct method to make money on the site.
TikTok created this fund to encourage people to make viral content, but the details of how much it pays are unclear.
The corporation decides who gets chosen and how much they are paid, just as Snapchat.
In order to be considered for the Creator Fund, a TikTok creator must satisfy the following criteria:
- Must be 18 years and above.
- Have a minimum of 10,000 followers and over 10,000 video views in the 30 days leading up to your application.
- Have a TikTok account that follows the community norms.
If all you do is create a short video every now and then, becoming a TikTok star with over 10,000 followers can take a long time, thus this direct technique of earning is one of the more difficult tactics on this list.
If you are accepted into the program, it will give you with one of the most consistent sources of income.
As previously stated, there is no set fee per view or video.
TikTok states that views, interaction, and “other metrics” are used to determine how much a content creator gets paid.
Some creators, on the other hand, claim to make between 2-4 cents every 1,000 views.
On TikTok, you may collect donations in a variety of methods.
Some users who have been in accidents or who are lobbying for a cause would put a GoFundMe link in their profile and seek for help, hoping that their cause will be seen by a large audience and garner a lot of likes, resulting in significant donations.
However, one component of TikTok that is sometimes overlooked is the virtual things available to users.
On TikTok, there are three sorts of virtual items:
- Gifts: virtual stuff that a user can keep for dispersal after purchasing them with money.
- Diamonds: when a general user gives a gift to a content producer, it becomes currency that may be redeemed for real money.
- Coins: coins may be purchased with real money and redeemed for rewards in the app.
Creators who are live streaming can get a TikTok gift, which will be converted to Diamonds.
Diamonds cannot be bought and must be acquired via gifts.
Diamonds can be exchanged for cash.
70 Diamonds are worth around $0.50 since they are half the value of coins.
As a result, prominent content providers with a huge following may take advantage of this to make a lot of money.
From the creator’s point of view, here’s how the process works:
- On TikTok, a creator goes live and begins creating content.
- Visitors who appreciate the material make donations.
- TikTok will assign a number of Diamonds to a content producer based on the pace at which they get presents from viewers and the currency value of each gift.
- The developer may then exchange the Diamonds for cash and deposit the proceeds into PayPal or any third-party site that is supported.
Use The Tiktok Marketplace to Your Advantage.
The TikTok Creator Marketplace is a marketplace where companies and creators may connect.
This is useful for creating sponsored films that utilize a prominent user’s following to boost sales or brand visibility.
It also connects tiny businesses with larger producers who may be eager to help them develop by giving them a shoutout or partnering with them.
This platform provides cutting-edge data analytics on creator accounts, which may assist marketers in finding the right fit for their product.
This is one of the simplest methods to take advantage of the influencer and affiliate marketing opportunities.
Promote New Music
TikTok is a terrific resource for young musicians looking to attract recognition.
As a result, artists may profit from using certain music in their videos.
Currently, this may be done using PlaylistPush and a few other third-party programs that pay prominent individuals to add music to videos for a fee.
Third-party musicians contact PlaylistPush, which acts as a middleman and places their music on the pages of popular creators.
TikTok musician accounts, on the other hand, have been on the increase, and many new musicians have arisen on the platform, using their notoriety to garner followers/streamers on sites like Apple Music and Spotify.
Drive Traffic to Somewhere Other Than TikTok
Although consumers seldom link to other platforms from their videos, a content creator can link their Instagram or YouTube account to their account.
For the time being, TikTok only allows those two alternative social networking networks.
You can, however, provide a link to your own website in your profile.
This allows you to advertise that link in your content, directing people to a venue where affiliate marketing can be used, such as a blog.
Promote a Service
TikTok allows you to make money by promoting a service.
Felix mentions an anonymous designer who understood how to promote their expertise and charge consumers for style guidance.
A TikTok user who offers a service does not have to be in the apparel industry.
Graphic artists, for example, may showcase their work in a TikTok video and give courses to their following.
Music makers might showcase their creations and offer to educate others how to do the same.
This would provide a creator the freedom to set their own rates for the services they provide.
This advice might also be used with the TikTok marketplace to attract other artists who are prepared to promote your service for a nominal cost.
Ad Campaigns for Businesses
TikTok is a new platform with a youthful audience, and not all company owners see it as a viable marketing or revenue source.
Even if they do, few people have a thorough understanding of what it is and how it works to be able to use it for those goals.
And it’s a tremendous wasted opportunity, since every now and then, an advertising will come in the middle of a TikTok video that won’t let you skip for more than five seconds.
TikTok has approximately 73 million users in the United States alone who view videos on a regular basis.
So, from the standpoint of digital marketing, this is a goldmine for any business owner searching for ad space.
That’s where you come in: as a paid ad consultant, you may earn money.
Because the potential for profit is so high, this is one of the greatest social media management jobs for freelancers.
Paid ad campaigns may have a direct influence on a client’s bottom line, making it simple to link the job you perform for them to their earnings.
As a result, good ad managers may fetch a lot of money.
Become a TikTok Consultant
On the same vein as the previous point, some successful TikTok users go on to work as consultants and/or supervisors for others who are less experienced.
People and companies, for example, would frequently employ someone to assist them in managing their TikTok account and growing it to new heights.
You’ll need some prior expertise with the platform to become a consultant or manager.
How to Grow Your TikTok Business
Views are crucial, no matter what revenue approach you use.
If a TikTok creator wants to make anything on the site, they need people to watch their videos and follow them.
With some basic tactics, you can grow your company and your TikTok followers for your account, just like you would on other social media platforms:
- Use popular hashtags with thousands of followers on your posts as much as possible.
- Work with other TikTok users in your niche.
- Make sure your profile image is welcoming and, if feasible, matches the nature of your account.
- Even though you can publish videos up to a minute long, unless your profile theme demands greater depth, stick to shorter films.
- Make your videos using popular music.
- Keep your profile consistent by sticking to a theme.
- Use the TikTok video creation screen’s effects and other entertaining features.
Above all, concentrate on growing the number of people who visit your profile.
Other useful tactics are around establishing a better connection with your audience.
After all, no one wants to support someone who denies they have a following.
Reach out to your audience, livestream with them, and ask them what kind of material they’d want to see.
All of these suggestions might assist you in gradually increasing your TikTok following.