Right now, TikTok seized a great deal of interest but holds little content. That vacuum is ripe for exploitation
Those who create content see mad opportunities and some people go viral literally overnight.
Here’s the thing … just a few years ago, the same thing happened on Instagram.
People were interested in this app that was geared for kids, but they figured that having a lot of followers was the way to make money via Instagram
But now that we see Instagram as a full-blown business marketing tool where you don’t even need a lot of followers. TikTok is looking for more and more users, and smart entrepreneurs don’t want to wait years to squeeze money from the platform.
People want to jump early on TikTok so they can capitalize on all the interest today and begin to make TikTok cash.
If this sounds like you and you’re interested in jumping early on the platform to find out how your followers can potentially be monetized, that’s what I’m covering today:
Six ways that is driving money to bank these days
AND I’ll share with you why TikTok could be stronger than Instagram itself …
1: To auction and sell accounts
The first way people make money from Tik Tok is by nurturingand then selling accounts.
In the eCommerce or product space, this is becoming more and more popular.
You will pick a niche and then go ahead and create engaging content, preferably content that goes viral to attract the person who will be the perfect consumer for your product, similar to Instagram.
Today, there are already individuals in this space who are dominating TikTok profiles around a certain interest. Typically it’s a niche subject and they do not have anything to offer, but in that industry they’re going to reach out to brands and offer their TikTok profile to them.
When they have the account under control for their product brands, selling goods is actually pretty straightforward.
Livestreaming had replaced posters and bilboards to introduce goods. It’s more impactful
And there’s the connection in the bio, of course, where you can still push your followers to buy your stuff.
So if you’re the kind of person who loves TikTok, and you just want to grow a following around a certain subject and build community around a certain subject, go for it and then reach out to those brands who would love to have access to those followers and sell your account to them.
The second way people make TikTok cash is to go live and raise viewers’ donations (just as you would do on other channels, such as Twitch).
I find this TikTok feature fascinating.
It’s just a built-in tool for monetization, practically from day one.
Here’s how it works from what I’ve seen:
You can go to your profile when you’re a TikTok user and buy something called coins.
It will cost you $1.39 for one hundred coins.
What are you doing with these coins now?
when one of the celebrity live streamers go live, you actually give them coins as a way to thank them for all their efforts to produce the content they do.
With this coin, what does the maker do?
The creator transforms the coins into diamonds and, through PayPal, these diamonds can be transformed into cash.
There is a next-level feature similar to this on the Chinese edition of TikTok, an app called Douyin. If developers are Live, a shopping cart will be connected to a product they sell. So it’s sort of like QVC or the channel for shopping. You can go live, have an auction, and people can purchase your product through the shopping cart feature while you’re alive.
My guess is this functionality is going to come sooner rather than later to accounts worldwide.
3: Coordinate campaigns with influencers
The third way TikTok makes money is to handle campaigns for influencers.
It’s not a new idea here. Instagram influencers also have been around for a bit.
For TikTok, the same notion applies. You can be the conduit or broker between a TikTok maker and a brand that wants to partner with that influencer.
You can charge a service fee to handle campaigns between corporations and influencers.
TikTok is smart as a platform; it already holds an internal influencer program built in. So if I’m a major brand and I want to reach out to TikTok and say, Hey, this is the vertical I’m in, what influencers are I supposed to work with? That’s all I should do.
The only thing is, I’m going to pay TikTok a percentage to broker the deal.
That’s where you can come in and make that arrangement outside of TikTok as a service or agency to help brands save a little bit of money.
4: Forum for Tiktok advertising
The fourth way you can make money from TikTok is to use their site for advertisements.
You can Google “TikTok Ads” right now, much like Facebook and Instagram ads, and sign up for access to their advertisement network.
If you’ve ever run paid traffic before, it’s pretty self-explanatory, then if your market is on TikTok, it might be worth making a few ads, putting some budget there to explore and seeing what happens.
Maybe via TikTok, you can sell more of your items!
5: Services of Management
The fifth way you can make TikTok cash is by supplying the app’s developers with management services.
There are millions of followers for some creators on TikTok . Others have very few. Weak influencers will need a directional map to match the powerful bunch. You them with their content strategy, their innovative strategy as well as handling offers and promotions that come their way. Middle men earn big
Last but not least, once you become a TikTok pro, and really understand how someone can take a video that could get a hundred views and help them get 100,000 views, well, you can simply provide advisory services.
This is a very cool way to leverage your platform experience and help people who want to be popular or who want to be creators of TikTok actually improve their plan so that hundreds of thousands, if not millions, of people can see their videos.
Of course, in this avenue you need to have the history and experience to provide this as a service. But once you’re there, people are going to pay to get your brain and your expertise on their account.
And you can also negotiate a percentage or a share of the contract if you help them get some deals or influencer agreements, simply because you are their counselor and you have helped them go viral on TikTok.