4 ways that Tiktokers can use to make money online
TikTokers can definitely have chances to have such a lucrative income on this platform. Tiktok has developed significantly fast since it was released in 2016. According to the SensorTower’s report, TikTok is the first Non-Facebook app to hit three billion installs, and becomes the most downloadTikTokers can definitely have chances to have such a lucrative income on this platform.
Therefore, as long as your contents on TikTok are interesting and creative enough, you have a lot of ways to increase your income.
In this article, we will show you 4 ways to start making money on TikTok.
1. Brand Sponsorships
One of the most common ways to monetize your TikTok channels is through sponsored content. If you have loyal and engaged followers on TikTok, brands will approach you (or you approach them) to promote their products or services in your videos. In return, you will get a promotion fee or free stuff from their company.
Some Tiktokers think that they need millions of followers to become an influencer and make money on TikTok.
However, in fact, a lot of brands prefer to work with micro-influencers or macro-influencers who have generally less than one million followers.
Instead of focusing on increasing the number of followers, it will be better if you become an “expert” in your niche market or a specific category. This will help you attract a lot of brands because they can be able to clearly identify if you’re a good match for the products and services they’d like you to help promote. Your contents, strategies of developing your channel will be much more important than the number of followers in this case.
2. Promote Your Own Items
Based on the advertising audience reach numbers published in TikTok’s self-service tools in January 2022, there are 36.0 million active TikTok users aged 18 and above in the Philippines. This is such a huge potential for you if you own a shop to approach and attract customers. In your videos, you can mention that your followers can find items you are promoting through your website pinned on your bio TikTok.
Read more: How to create personal landing page in Ecomobi
It’s not a direct way of making money on TikTok, however, you’d still push your sales for your business by generating a huge amount of traffic.
3. Collect Donations
One of the popular ways to make money on TikTok in the Philippines is taking donations from your followers. Your followers will send TikTok coins that they’ve purchased using cash to you. You can collect these coins and exchange them for cash using PayPal.
Pretty cool, right?
However, to make such a great amount of income through this livestream, creators should have a lot of followers on Tiktok. Moreover, your followers will only send their valuable coins if they like your live stream on TikTok. Therefore, it is important that your live stream needs to be engaging enough that’ll encourage the viewers to send donations.
4. Affiliate Marketing
Posting affiliate links is the fastest and easiest way to make money on TikTok.
Sign up for the affiliate program of different brands and add your affiliate or referral link to your TikTok bio or any of your videos.
In your live streams or videos, encourage your fans to click the link on your bio to buy the product you’re promoting. For every purchase made through your affiliate link, you earn a commission.
In the Philippines, Shopee Affiliate and Lazada Affiliate are the most well-known affiliate programs. This is a program that rewards sellers for converting their social media audience into Shopee/Lazada buyers. Influencers can earn quite good from this program.
How many followers do you need to start in this program?
There is no minimum number of followers to start. You can start when you only have 10, 100 followers, however, it will be better to start with 1000 followers, because TikTok will allow you to pin your clickable link on Bio TikTok when you reach at least 1000 followers.
Although you don’t have billions of followers on Tiktok, you can even create your income of up to 6 digital numbers if your contents are attractive enough so that your followers will click into your item affiliate links and make their orders through your links.
One of the most important things is that this is passive income. It means that if you don’t release your videos so often, you still have traffic from previous videos through your affiliate links, and you still have orders and commissions from this traffic.
This is cool, isn’t it?
Summary
To recap, here are 4 ways to start making money on TikTok:
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- Brand Sponsorships
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Promote Your Own Items
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Collect Donations
- Affiliate Marketing (Especially for Shopee and Lazada PH)
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If you want to try the easiest and fastest way to make money on TikTok in the Affiliate Program for both Shopee and Lazada PH in the Philippines, click Registration link to sign up as a Affiliate Partner at Ecomobi.
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