TikTok is a social media platform that provides entertainment, creative content, and residual income for its users.
Since its inception in 2017, the channel has been experiencing yearly growth in the number of users.
READ ALSO:John Reed Stark Former SEC Executive, Forecast Outcome On US SEC Vs Binance Case
TikTok has become a force to be reckoned with in fashion, culture, politics, and much more.
Rather than spending hours scrolling through content on TikTok, you can convert some time out to make money on the channel.
In this article, we will look at how to monetize your TikTok account and earn earnings by watching videos.
Let’s dive in.
Ways of Making Money on TikTok
Uploading Videos
The first way to get paid by watching videos on TikTok is through uploading videos.
This is necessary for growing your account on TikTok and making you relevant in a niche.
The Process
-
Choose a niche
Your preferred niche should be aligned with your personality, interests, and the type of audience you want to attract.
-
Do research on your competitors
You should watch videos of competitors in your chosen niche to be informed of the latest happenings while you create your unique content.
-
Develop new ideas
Taking note of content created by others should be a means of creating similar, unique offerings for your audience.
-
Create videos
Make practice videos to perfect the act of standing before a camera. This will give you the perfect result on your first public video post on TikTok.
-
Publish videos
A new account may have few followers on the first post, but this grows with the consistency of engaging and appealing videos to the audience.
-
Consistency
Making earnings on TikTok involves being consistent with your posting schedule. As your posts become regular, so will the views and revenue increase.
Earn rewards
TikTok rewards through a referral pattern in which current platform users start making earnings when they refer others to the channel.
Users of the channel get their invitation and referral link when they click on the rewards banner on their TikTok profile page.
As the recipient of an invite from an existing user, you are expected to download TikTok and enter the invitation code forwarded to you into the provided area on your profile page.
New users get TikTok rewards for themselves and their referrals by watching videos on the platform. The number of videos to be watched to earn rewards depends on the user’s region.
The activities page highlights payout rewards, watching video goals, and the number of days a new user can earn rewards from watching videos.
Users can make withdrawals when they meet the minimum criteria for redraws.
These TikTok bonuses can be exchanged with mobile top-up coupons and money.
Reasons some users do not receive Tiktok rewards
- The account needs to fulfill the minimum age requirement of the user’s resident country.
- When the user is an employee of TikTok.
- When an account has been flagged as a scam by the risk control team of TikTok.
- The violation of the guidelines of the Tiktok community by an account user.
Providing expertise marketing tips
This involves leveraging your knowledge to earn money for yourself as a consultant. To be successful as a consultant, you will have to develop the needed skills to help create and encourage successful content on TikTok.
Consultants on TikTok are responsible for having up-to-date knowledge of the latest trends and algorithm changes on TikTok.
When you can get a track record of successful content reviews on TikTok, you can sell your consulting services through your business website or an established site like Fiverr.
Make a reaction channel on TikTok.
Reaction channels enable influencers on TikTok to watch videos with their target audience and respond to the video content.
Most reactions are planned as the creator has previously watched the content and knows what part of the video to react to.
Reaction video channels spark interest on TikTok and earn much money for content creators.
Reasons to make a reaction video
- To build audience
One of the main benefits of reaction videos is that it helps you to gather an audience. Reaction videos are entertaining and give a new perspective to viewers.
- It engages the audience.
Reaction videos bring you closer to your audience and give them the feeling of being part of an activity or event.
- Increases earning
By monetizing your reaction videos, you can make earnings from advert placements.
Reaction videos are gaining popularity among brands and businesses, which will provide an avenue to generate revenue through partnerships.
Get Brand Deals
Sponsored content refers to content on TikTok that produces value. Through the creator marketplace, TikTok creators can connect to brands needing product promotion.
Brands pay influencers to make videos on their product or services. According to Statista, in 2021, influencer marketing was valued at $16.4 billion.
The key here is partnering with brands whose views align with your ethics.
Creator fund
TikTok creator fund enables creators on the platforms to get payment for the videos they post. It pays creators $2 to $4 for every 100,000 views they receive.
Creator fund earnings vary among users as it depends on factors such as the size of the audience, frequency of posts, and the quality of user engagement.
Criteria for participation
- Must reside in the United States, France, Germany, Italy, United Kingdom, and Spain.
- A person must be at least 18 years of age.
- Should have a minimum of 10,000 followers.
- An individual must have in the previous 30 days at least 100,000 video views.
- A person’s account must be in accordance with TikTok’s terms of service and community guidelines.
Creator market place
To become a TikTok creator and connect to sponsors and brands, you must be registered at the platform marketplace. TikTok in December 2022 had a record of 800,000 creators registered on its marketplace across countries of the world.
Live and video gifts.
Another way to earn on TikTok as a creator is from digital gifts from viewers on your regular live video posts. These virtual gifts can be converted into cash and withdrawn.
TikTok pulse
This gives creators of reaction channels on TikTok 50% of the revenue from ads played at the end of a video. The top 4% performing videos on TikTok are qualified to get advertising revenue.
Creativity program
TikTok creativity program is suitable for video creators who post videos exceeding 60 seconds. The creators of these videos get payment for video views.
Watching gigs on TikTok
Sometimes, social media companies post job offers to watch TikTok videos. Companies like Ubiquitous hire on short term and pay up to $100 hourly for videos watched.
TikTok viewers are given the task of discovering new trends by watching videos. These findings are sent to the TikTok marketing team for research purposes.
Watching Tiktok while on your regular pay job
One of the unique qualities of TikTok is that you can watch videos anytime and at any place. Watching TikTok videos can be a means of making money while engaged in some other productive tasks.
Apps that make payments for watching TikTok videos
Promoting Audio
Promotion of audio is a great way of earning money on TikTok. Music labels and brands always search for best practices to promote their songs and sound effects.
As an audio promoter, all you need is to pitch the sound effects and songs of audio and music companies in your videos.
Audio companies are willing to pay good money to promote their sound and song effects to thousands of audiences.
Affiliate marketing
Affiliate marketing connects you with businesses and brands for the promotion of their products and services online.
You make earnings when followers on your page make purchases using the link provided on your page. These earnings are called commissions on sales and require the linking of a business account in the video description.
Conclusion
TikTok is a social media giant that continues to soar high and has no tendency to slow down anytime soon. Companies, brands, and businesses are daily leveraging on their successes to grow their products and services.
More than spending so much time daily watching video content on TikTok to get the entertainment and information you desire is required. Leveraging videos to make earnings for yourself will be a better way of spending your spare time daily.
Many opportunities, from virtual gifts to watching gigs and more, are available to make earnings daily from your TikTok account.
FAQs
- How do I get paid for watching TikTok videos?
You can make money watching TikTok videos through apps like Swagbucks and AppBounty. These sites make payments based on your input on the content or the number of videos you watch.
- What rules apply in earning on TikTok?
To start earning on the TikTok creator fund, you should, in the previous 30 days, have a minimum of 100,000 video views on your post.
- Do I need to be verified to earn on TikTok?
No, you do not need verification to make money on TikTok.
