13 Proven Ways To Make Money on TikTok in 2024

Are you someone who spends hours on TikTok? Then, you consider how to make money on TikTok and monetize your account. As one of the most popular social media platforms, TikTok has grown to over 1 billion active members globally and operates in more than 40 countries. 

For younger people, TikTok is the go-to search engine. It was also the top-downloaded app in 2020. Discover the best strategies for earning money on TikTok and insights on monetizing your online presence.

How Much Money Can You Make From TikTok?

A TikTok creator's earning potential is based upon many factors, such as the quality of the content, their level of engagement, the demographics of their audience, and the monetization method. 

While a company may use many of these strategies, some call for you to turn TikTok into your place of business. 

For instance, you can use TikTok advertisements to draw in traffic to your e-commerce site, but earning money through TikTok's Creator Fund or by becoming a brand ambassador would require more of your TikTok time.

Let's explore some proven ways you can earn money on TikTok.

How To Make Money on TikTok in 2024: 13 Proven Ways

Making money on TikTok in 2024 is more accessible than ever, with many opportunities for content creators. By using various monetization strategies, you can turn creativity and engagement into a profitable activity. Here are 13 proven ways.

1. Join The TikTok Creativity Program

The TikTok Creativity Program is a potential source of income for those who already have an impressive following. 

To be eligible to participate in this program, creators who live in the United States must have at least 10,000 followers and 100,000 real video views in the last thirty days. 

Eligibility For The Programme: 

• To register, users must be at least eighteen years old. 

• Users must have a minimum number of followers and views on their videos. 

• The status of user accounts must be maintained. 

• Creators who are currently part of the TikTok Creator Fund have the option to upgrade to the Creativity Program.

2. Sell Your Own Products

One of the best ways to monetize almost any video on TikTok is to sell your products. Also, there's an abundance of items to pick from, thanks to the several print-on-demand businesses available. 

There are also advantages to selling print-on-demand goods outside of financial gain. Personalized products allow your supporters to relate to your brand more deeply, and each follower who uses your products advertises your business. Some of the products that you can sell are:

• T-Shirts and Hoodies

• Water bottles, mugs, and kitchenware 

• Tattoos, pins, and stickers 

• Artworks 

• Tech gadgets and phone cases 

• Customized products

3. Get Virtual Gifts Through TikTok Lives

While live-streaming is available on several social networks, TikTok stands out because it lets fans express their gratitude in real time by exchanging virtual presents for real money. 

TikTok's LIVE Gifting function is one of the most useful features for content creators who want to profit from live streaming. A good way to display your products, whether you make them or sell them online, is through live-streaming. 

Compared to live features on other social networking applications, TikTok LIVE generates greater customer attention than many e-commerce businesses.

4. Earn With TikTok Shops And Affiliates

Another way to earn money on the platform is to use TikTok Shop affiliate links. TikTok's in-app shopping tool, Shop, enables business account holders to make shoppable videos and live streams. 

It's an organic approach to get your audience to pay attention to whatever you want to advertise. You can also include buy buttons and product details in your post to increase traffic to your affiliate partner. 

If the TikTok integration is accessible in your area, proceed with the following steps to set up a TikTok shop.

• Create a TikTok business account

• Sign up for the TikTok store

• Wait for the results 

• Link your account to start selling

5. Use Crowdfunding

Crowdfunding and fan support may be a game-changer for anybody looking to make a steady income on TikTok, whether a dancer, comedian, singer, or blogger. 

By allowing your fans and supporters to join in your creative journey, you can raise money with their help. Here's how to do it: 

• Create Crowdfunding Campaigns: Websites such as Patreon, GoFundMe, and Kickstarter enable creators to invite supporters to contribute money to fund their projects. 

• Digital Tip Jars: Provide your fans with the opportunity to tip you for each and every TikTok video they like by setting up digital tip jars.

• Exclusive memberships: Create premium and exclusive memberships on sites like Patreon to offer fans a monthly fee and unique access to your material, goods, or in-person interactions.

6. Drive Sales With TikTok Ads

Using TikTok's Ads Manager to get your business to the correct viewers can help you expand your following. According to TikTok, one in three viewers purchased a product after seeing it there.

• Its range of creative tools includes hundreds of ready-to-use video templates to assist you in creating and editing films. 

• Ad performance is another thing you can track.

• You can also find the right audience using Ads Manager.

7. Earn Ad Revenue With TikTok Pulse

After registering for TikTok Pulse, you will get 50% of the revenue generated by sponsored posts that TikTok displays on your TikTok content. Your videos must be in the top 4% of all TikTok content to qualify for TikTok Pulse revenue. 

Eligibility For TikTok Pulse:

• You must have at least 100,000 followers. 

• Please adhere to TikTok's Community Guidelines when making videos. 

• You must have uploaded at least five videos in the previous thirty days. 

• You must be eighteen years of age or older. 

• You are required to sign up for the TikTok Creator Marketplace.

8. Collect Tips From Your Audience

Viewers can immediately offer tips Through your TikTok profile if they enjoy your work. After deducting the Stripe processing cost, you keep all of the gratuity. You must fulfill TikTok's eligibility conditions before you can begin receiving tips. You must have at least 100,000 followers and be over 18 years old.

9. Earn With Sponsored Posts

Brand collaborations and sponsored content on TikTok are additional revenue streams. Brands pay you to promote their goods or services in your content as part of these partnerships. This is how it works: 

• Creative freedom: Brands offer you the freedom to include their goods or services genuinely and appealingly to your target market.

• Fee negotiation: The cost of sponsored content is usually negotiated depending on your audience's size, engagement rate, and marketing budget. 

• Long-term relationships: Establishing a good rapport with a brand may frequently result in long-term collaborations that offer a regular source of revenue.

10. Grow And Sell TikTok Accounts

If you can grow a following on TikTok organically, consider creating and selling accounts. Some businesses are willing to buy an existing account on TikTok because it takes time to develop a following there. 

You should concentrate on a niche industry you can easily sell to customers to accomplish this effectively. If you’re good at this, this is one of the best money-making strategies on Tiktok.

11. Share Exclusive Content With TikTok Series

TikTok Series are premium or paid collections available on the TikTok app. The idea behind them is not entirely novel. TikTok Collections may be made by grouping your best videos into a single category on TikTok. 

Creating categories such as Recipes, Restaurants, and Travel can help you locate relevant material on your profile rather than searching through random videos all gathered in one spot.

12. Earn Rewards With TikTok Referral Program

Through the TikTok Rewards referral program, you can earn rewards when you help TikTok expand its community. You must copy your special referral link from your TikTok profile to start earning. 

Next, you forward your link to a friend or relative who hasn't yet joined TikTok. If they sign up, you get compensated. You can exchange your awards once you've gathered enough of them.

13. Create User-generated Content For Brands

Imagine this: While you browse TikTok, a user who looks just like you appears, showcasing the products from their favorite company. There you have it: user-generated content. 

You may see UGC in action when genuine people create videos, snap pictures, write reviews, and post testimonials for what they adore. Brands utilize a variety of UGCs on TikTok to accomplish their goals, such as:

• Giveaways 

• Reviews 

• Challenges 

• Tutorials 

• Collaborations

How To Maximize Earnings on TikTok?

TikTok is an excellent avenue for monetization, providing many options for generating revenue from your content and viewership. Whether you are a beginner or an expert, let's explore several methods to maximize your TikTok revenue.

• Making unique, fun, and relevant videos to your audience and niche on TikTok is essential to success. 

• You can draw ideas from the music, challenges, and hashtags that are trendy, but try to give them your unique spin. 

• Engage in conversation with your followers and fellow creators. Since TikTok is a social network, cultivating a passionate and active community around your content is crucial. 

• Partnering with companies and sponsors searching for influencers to market their goods or services is another option to make money from your TikTok account.

• Finally, by utilizing your various platforms and diversifying your sources of revenue, you can maximize your TikTok profits. 

• To monetize your content through advertisements, sponsorships, contributions, or subscriptions, you may utilize TikTok to increase traffic to your blog, email list, podcast, or YouTube channel.

Conclusion

TikTok is fantastic and expansive, which is why we adore it. Whether you're a newcomer, a micro-influencer, or an experienced user, there are plenty of ways to make money on TikTok. The amount of money you can make is endless; the decision is entirely yours. 

Explore this guide to making money on TikTok and generating potential revenue. If you tackle it carefully and intelligently, you should see results quickly.