How to monetize your TikTok in 2024? There are several ways to make money on TikTok, from joining special programs to partnering with brands. Whether you’re just starting or looking to boost your earnings, this guide will show you simple and effective methods to start making money from your content.
Ready to turn your TikTok videos into a source of income? Read on to discover how you can start monetizing your account today!
Can You Make Money on TikTok?
You can make money on TikTok in several ways. How much you earn depends on a few things: how interested your audience is, the kind of content you make, and how many followers you have.
5 Ways to Make Money on TikTok
TikTok Creativity Program
TikTok has replaced the Creator Fund with a new program called the Creativity Program to help creators earn money.
To join, you need at least 10,000 followers and 100,000 video views in the past 30 days. You also have to post videos longer than one minute to get paid. This new program could let you earn up to 20 times more than before.
TikTok Creator Marketplace
The TikTok Creator Marketplace is where brands and creators team up to make ads and get paid.
To join, you need to:
- Be at least 18 years old.
- Have a Personal or Creator account (not a Business account).
- Have more than 100,000 followers.
- Have posted at least 3 videos in the last 28 days.
- Have more than 100,000 likes on your videos in the past 28 days.
- Live in one of the 24 countries where the Marketplace is available.
If you meet these rules, you can apply to work with brands that have “open campaigns” or get invited directly by brands who want to collaborate with you.
TikTok Live Streaming
Did you know you can make money by live streaming on TikTok? Once you have at least 1,000 followers, you can go live and start earning.
Viewers on TikTok can buy coins, which they can gift to creators during live streams. As a content creator, you can accumulate these coins and convert them into real money.
Sell Your Products on TikTok
If you have a small business and want to reach more people, TikTok Shopping is a great way to do it. You can start making money by opening a TikTok Shop and selling your products right on the app.
TikTok allows you to easily sell your products directly through the app. There are a few requirements to set up your shop, but once you’re ready, you can promote your business with videos, live streams, and product displays.
Affiliate Marketing on TikTok
Affiliate marketing lets you team up with brands you trust to promote their products on TikTok.
When your followers use the special link or code you share to make a purchase, you get a commission from the brand. To make this work, you’ll need a business account so you can add clickable links to your video descriptions or bio. This way, you can easily guide your followers to the products you recommend and earn money from each sale.
TikTok Ads
TikTok Ads are a great way to increase sales for your business or online store. While they require some money, they’re easy to set up and help you reach the right audience.
To start, you’ll need to create a TikTok Ads Manager account. Just enter your basic info, agree to the terms, and once approved, you can access the dashboard to create your ad.
In the dashboard, go to the “Campaigns” tab and click “Create.” You can then name your campaign, set a budget, choose your audience, select where the ad will appear, and upload a video or image for your campaign. TikTok will then show your ad to the right people, helping you boost sales.
TikTok also has a feature called Promote, which lets you turn regular posts into ads directly in the app. The requirements are simple: be at least 18 years old and agree to TikTok’s terms and policies.
Final Thoughts
Monetizing your TikTok account in 2024 is easier than ever, with various options like live streaming, affiliate marketing, TikTok Shopping, and running ads. Whether you’re a content creator or a small business owner, there are many ways to turn your TikTok presence into real earnings.
Ready to start making money on TikTok? Explore these strategies and see which one works best for you. Don’t wait—take the first step today and begin monetizing your TikTok account!
FAQs: How to Monetize Your TikTok
How many followers do I need to start monetizing my TikTok account?
To begin monetizing your TikTok account, you’ll generally need at least 1,000 followers to access features like live streaming and TikTok Shop. However, other methods like affiliate marketing can be pursued with fewer followers if you have an engaged audience.
What are the main ways to make money on TikTok?
You can make money on TikTok through live streaming, affiliate marketing, TikTok Shopping, running ads, and brand partnerships. Each method offers different opportunities to earn based on your content and audience size.
How do I get paid for live streaming on TikTok?
During live streams, viewers can send you virtual gifts, which you can convert into diamonds. These diamonds can then be exchanged for real money through TikTok’s payout system.
Do I need a business account to monetize my TikTok?
Yes, for certain monetization methods like affiliate marketing and TikTok Shop, you’ll need a business account. A business account allows you to add clickable links in your bio and video descriptions, which is essential for driving sales.