Monetize TikTok (6 Ways To Make Money in 2023)
1. TIK-TOK CREATOR FUND💵
Some time ago Tik-Tok announced the launch of a special fund to reward creators on the platform. They started with an allocation of two hundred million dollars (200,000,000$) but due to the initiatives. Good reception, they expanded it to 1 billion dollars for the United States over the next three years and more than double that amount for the rest of the world. This initiative, creators to earn money directly from Tik-Tok as a result. The Social Network aims to avoid the same fate as Vine which shut down when its creators left due to lack of a monetization model
2 TIK TOK SHOPPING
In late, October, 2020, tiktok announced a global partnership with online shopping platform Shopify. The agreement allows Shopify users to use Tik-Tok to promote their products. Conversely Tik-Tok content creators, can create a store with their own products on Shopify and promote them through the social network. Shopify users can create execute an optimized marketing. Champagnes on Tik-Tok directly from the Shopify dashboard, by installing the Tik Tok channel in the Shopify App Store With this tool Merchants can create native shareable video Content is also possible to measure conversions coming from Tik-Tok via a specific pixel.
3.DIRECT LINKS
To Instagram famous Link bio the link in a Tik-Tok users profile. Allows creators to leverage visits to their content to generate traffic, to a website to use this function simply click on the edit profile button, and add a website, just below the bio. This opens up two possibilities for creators to earn money with Tik-Tok. The first is to link to a Brand’s website, influencers, can more easily. Get sponsorship deals with Brands. Now that they have a very easy way to measure the success of campaigns in terms of traffic to The Advertiser site. And the second is to link to their own products and services. If the creator has an online store They promote their own products and services or an affiliate website where they promote third-party products. In exchange for a commission, the link in the bio allows them to take advantage of the traffic coming from Tik Tok to monetize it,
4. TIK TOK ADS
Tik Tok advertising has multiple formats for advertisers. So, let’s take a look at some of the options. Top view these ads appear at the top of the for you feed When first opening Tik-Tok, they are full screen videos of up to 60 seconds. So they block out any other content in feed videos integrated into the for you feed, which are displayed. As if the advertiser were a Tik-Tok Creator brand take over a large format static or dynamic. Add that appears when users open the post this ad type essentially takes over the user screen for a few seconds. Providing high visibility for the brand being advertised this option is limited to one advertisement per day, hashtag challenge a brand presents a video with a challenge for and encourage. Is users to try it and upload the results of their profiles along with the corresponding hashtag brand. It affects a filter customized by the brand with more than 20 different formats so that people can use it and interact with the brand through their videos. This option is similar to branded lenses or customize augmented reality filters. Although tiktoks advertising revenue does not go directly to content creators. They can use it to promote their own products and services or their presents on the platform.
5. TIK-TOK CREATOR MARKETPLACE.
This is the official platform for Brands and creators to collaborate on Tik-Tok and reach agreements with each other for creators Tik-Tok Creator Marketplace. Provides an easier way to monetize their content on the network. For advertisers it’s a free way to find the perfect influencer to promote their brand and for both parties. The platform offers data tools direct access and communication at no additional cost. Advertisers can filter Creator is based on different criteria. Such as the topics, they talk about their reach, the demographics of their followers, average performance or even interaction rate. Once the advertiser has selected the influencer, they could send them a message directly through Creator Marketplace as with any other sponsorships they quita marketing, with influencers on Tik-Tok is to look for a natural fit between the brand. And the influencer in recent years we have been seeing a lot of Brands shy away from sponsorships with mega influencers, who tend to charge a very high price for collaboration. And instead opted for micro influencers with Niche audiences
6.COINS AND GITS
Tik-Tok has a feature called go live which allows creators with over a thousand followers to stream live content. This feature enables influencers to interact directly with their audience and monetize their Tik-Tok presents. During a live broadcast followers can show their appreciation. By giving virtual coins emojis and diamonds as gifts, users can purchase these coins on Tik-Tok. And the cost varies based on the pack size the coins are been stored in a virtual wallet until they are given to the Creator’s. The Prices range from 10 to one hundred euros once influence have accumulated enough coins they can exchange them for real money with a daily maximum limit of $1,000 per day more over there are also video get a similar system that allows users to financially reward any type of video. This provides another option for encouraging Community participation,
here is six ways to earn money on Tik-Tok