9 Ways To Make Money On TikTok In 2024

TikTok has become a popular platform for creators to showcase their talents and entertain millions of viewers. But once you've grown your TikTok following, you may wonder how to turn those viewers and followers into cash. In this article, we will explore nine ways to monetize your TikTok account and start generating income.

1. TikTok Creator Fund

The TikTok Creator Fund, now known as the TikTok Creativity Program, was initially set up with $200 million to reward creators and test out the monetization structure on the platform. Due to its success, TikTok has now allocated over$ 1 billion for the United States alone over the next three years. To join the TikTok Creativity Program, you must meet three requirements: have at least 10,000 followers, get a minimum of 100,000 views in the last 30 days, and be 18 years or older. You can apply for the program in the settings of your profile by going to Creator tools and scrolling down to the Creativity Program data section. Keep in mind that only content longer than a minute and a half is eligible for monetization through this program.

2. TikTok Shop

With the TikTok Shop, you can sell physical products to your audience. While currently limited to physical products only, TikTok has plans to expand into digital products as well. To get started with TikTok Shop, you need to sign up, complete an application, and wait for approval. The application process includes proving your identity as either an individual or a business. Once approved, you can sell your products on the TikTok Shop directly or continue using a link in your bio to redirect users to your own website.

3. Direct Links in Bio

As a Creator account, you can add a link to your bio once you reach 1,000 followers. However, Business accounts can access this feature right from the start. Having a direct link in your bio allows you to redirect your TikTok audience to your website or any other online platform where you offer your products or services. It's recommended to use a Creator account initially to leverage the full potential of TikTok's features for growth before switching to a Business account.

4. Digital Products

Digital products are a popular choice for monetizing TikTok. By creating low-cost digital products, such as e-books, online courses, or templates, you can make it easy for your TikTok audience to make impulse purchases. These products are inexpensive, making it more likely for viewers to take the plunge and get a taste of what you have to offer. To sell your digital products effectively, consider using a tool like Stan, which allows you to promote affiliate offers, create upsells and downsells, and automate your sales process.

5. Affiliate Marketing

Affiliate marketing is a passive income source that involves promoting other people's products or services and earning a commission for each sale generated through your referral. You can recommend products or services in your TikTok content and include your affiliate links in your bio. Additionally, you can also create your own courses or digital products and promote them as an affiliate through TikTok.

6. Freelance Services

If you offer freelance services, such as graphic design, writing, or social media management, TikTok can serve as a powerful tool for generating leads and attracting clients. By creating content that showcases your expertise and provides valuable insights, you can build a following and direct potential clients to your website or contact information. Use your direct link in bio to drive traffic and convert viewers into paying clients.

7. Coaching and Consulting

TikTok can be a great platform for coaches and consultants to grow their audience and attract clients. By creating content that answers common questions and provides valuable advice related to your coaching or consulting niche, you can establish yourself as an authority and build trust with your TikTok audience. Use your content to drive viewers to your website or booking page to schedule coaching or consulting sessions.

8. Online Courses

Online courses offer a scalable and passive income stream on TikTok. By sharing valuable knowledge and skills in your TikTok content, you can generate interest in your online courses. Use your direct link in bio to redirect viewers to your course sales page. With TikTok's built-in audience engagement, you can potentially make daily passive sales of your online courses.

9. Online Memberships

Online memberships provide a recurring income source for creators. With a membership model, your audience pays a monthly subscription fee to gain access to exclusive content, community, or ongoing support. TikTok's community-oriented culture makes it an ideal platform to promote and grow online memberships. You can use your direct link in bio to lead interested viewers to your membership sign-up page.

Keywords

TikTok, monetize, Creator Fund, Creativity Program, TikTok Shop, physical products, digital products, direct links, affiliate marketing, freelance services, coaching, consulting, online courses, online memberships.

FAQ

Q1: When should I start monetizing my TikTok account? A1: It's recommended to focus on growth and learning your audience before monetizing. However, if you already have a proven offer as an entrepreneur, you can start monetizing earlier.

Q2: How do I join the TikTok Creator Fund? A2: To join the TikTok Creator Fund (now Creativity Program), you need to have at least 10,000 followers, 100,000 views in the last 30 days, and be 18 years or older. You can apply through the Creator tools section in your profile settings.

Q3: Can I sell digital products on TikTok? A3: Currently, TikTok only supports the sale of physical products through the TikTok Shop. However, you can use the direct link in your bio to redirect viewers to your website or other platforms where you offer digital products.

Q4: How can I earn money with affiliate marketing on TikTok? A4: By creating content that recommends products or services and including your affiliate links in your bio, you can earn a commission for every sale made through your referrals.

Q5: What are some ways to monetize as a freelancer on TikTok? A5: As a freelancer, you can create content that highlights your skills and expertise to attract clients. Use your TikTok content to drive viewers to your website or contact information to book your freelance services.

Q6: How can I leverage TikTok for coaching and consulting services? A6: Create content that provides valuable advice and insights related to your coaching or consulting niche. Direct viewers to your website or booking page to schedule coaching or consulting sessions.

Q7: How can I generate passive income with online courses on TikTok? A7: Share valuable knowledge and skills in your TikTok content to create interest in your online courses. Use your bio link to redirect viewers to your course sales page for passive sales.

Q8: What is the advantage of online memberships on TikTok? A8: Online memberships offer a recurring income source. Your TikTok audience pays a monthly subscription fee for exclusive content, community access, or ongoing support.

Q9: Can I use multiple monetization strategies on TikTok? A9: Yes, you can combine different monetization strategies on TikTok. Consider using a mix of direct links, digital products, affiliate marketing, coaching or consulting, online courses, and online memberships to maximize your earning potential.