In This Post, We’ll Talk About How Much Money Can You Make With TikTok?
Have you considered starting a TikTok? If you’re a freelancer, you’ve probably heard about TikTok and pondered if it’s worth investing your time in. While there are several sites that emphasize the tremendous earning potential of social media platforms such as YouTube and Instagram, there is limited transparency when it comes to TikTok revenues.
However, possibilities to make a money on TikTok have increased as the platform has evolved, with time spent on the app going from 442.9 minutes in October 2019 to 858 minutes in March 2020. According to estimates, a TikTok content producer with 100K followers may make between $200 and $1000 per month, while a TikTok content creator with 1 million or more followers can earn between $1000 and $5000 per month.
Jorden Ray, Addison Rae, Charli D’Amelio, Brent Rivera, and Cassey Ho, for example, have earned thousands of dollars through a mix of brand sponsorships, live streaming, item sales, and cross-platform advertising.
However, you’re undoubtedly asking if these earnings are realistic, and if they’re something that everyone can achieve. Let’s find out by delving further into TikTok’s many monetization options.
There are a variety of methods to make money on TikTok right now. The following is a list of the most frequent ways to enhance your revenue on the site.
1. Live Broadcasts
Live streaming is one of the fastest-growing industries, with an annual growth rate of 113 percent compared to 30 percent for lengthy films and 9 percent for short movies. While live streaming on TikTok requires at least 1,000 followers, once you’ve established a following, it may be a great way to engage your audience and sell your items.
Live broadcasts that are well-produced can allow you to engage with viewers in real time and deepen your audience’s relationship with your business. This might help you create trust while also giving you a chance to promote your services or products. If you’re selling a product, for example, you can drop a link to it during the live broadcast and answer any questions your viewers might have about it. Offer viewers a discount if they purchase things during the live stream to entice them to join future live streams.
You may also make some extra money by offering affiliate links for things you show off during the live stream, which is a standard practice among influencers across all social media platforms.
2. Sales of Merchandise
Another alternative is to utilize TikTok to develop and market your business and sell items. With the TikTok + Teespring relationship set to begin shortly, now is the ideal moment to start thinking about how to sell items on the platform utilizing content-based marketing strategies.
If you already have products or a product line, you may sell it on Teespring or link it to your Shopify, Poshmark, or Etsy store as long as it is related to your content. The trick is to incorporate product advertising into your content rather than exclusively focusing your films on your items. At the end of the day, keeping your audience interested and engaged should be your first focus.
3. Sponsorships by a brand
Another way to get money on TikTok is to take part in brand sponsorships. Brands are prepared to pay you between $200 and $20,000 each promotional film provided you have a large target audience for your product, thanks to the rise in internet consumption.
Princess Polly, BMW Motorsport, L’Oreal, Balenciaga, and Nike, all of which have large marketing expenditures, have used TikTok influencer marketing to sell their products in 2020. As a result, if you are a freelancer with a large following in a specific field, it might be good of you to inquire about sponsorship opportunities with companies that would connect well with your audience.
4. Promotion on Multiple Platforms
When it comes to expanding one’s audience, cross-platform promotion is essential. When it comes to revenue, most content creators have a preferred platform, but they also use other channels to increase their following. If you already have a popular YouTube channel, Instagram account, or Medium blog, advertising your work on other platforms like TikTok can help you reach a larger audience.
Although this does not immediately make you money, it may help you increase your revenue over time by growing your views and followers, which might lead to additional brand sponsorships or item sales in the future.
5. Accounts to Grow and Sell
There are more chances than ever for exceptional video producers with popular TikTok accounts to economically monetize their knowledge. Emerging content producers, small companies, and agencies are all searching for help to build their audience and engagement rate organically.
As a result, giving consultancy services or selling high-quality accounts to people, corporations, or agencies for a profit is a viable option. According to estimates, you may charge anywhere from $500 to $1000 for a 50K to 100K follower account.
Let’s look at how much influencers may earn each watch and per post now that we’ve looked at the many ways to make money on TikTok.
What does a TikTok Influencer get paid per view?
On Tiktok, influencers are largely compensated depending on the number of likes, views, and comments they receive on sponsored videos. Influencers are often compensated per 1000 views in sponsored commercials.
As a result, if an influencer earns $450 every half-million views on average, they will earn around $0.9 per 1000 views. Although this may not appear to be a significant number, popular producers like as Charli D’Amelio and Addison Rae regularly earn upwards of 60 million views on their videos. As a result, even modest sums, such as 2 to 4 cents, may pile up over the course of a month.
What do TikTok influencers get paid for each post?
Additionally, for a single post with 100K views, films devoted to brand sponsorships may earn up to $1000, while videos dedicated to app sponsorships can earn up to $100 to $250.
If you’re a content provider, though, it’s critical to strike a balance between sponsored and non-sponsored pieces to keep your audience engaged. Even celebrities who earn six or seven figures per sponsorship contract and top earners on the TikTok app who earn $20,000 to $30,000 each sponsored post remember to provide non-paid material to sustain their following.
Is TikTok a Lucrative Business?
As we’ve seen, using TikTok for live broadcasts, brand sponsorships, cross-platform advertising, item sales, giving consultancy services, and selling successful accounts may all help freelancers make a good living.
While revenues may vary depending on where you work, the demographics of your audience, and the size of your advertising budget. On average, you may expect to earn $200 to $1000 per month if you have 100K followers, and $1000 to $5000 per month if you have 1 million or more. Furthermore, by selling items, offering affiliate links, and advertising your other social media profiles, you may boost your revenue.
So, if you’re a content creator with a talent for generating interesting videos, it’s worth spending your time in expanding your TikTok account – you can always sell it later if you don’t like it.