Make Money on TikTok in 2024: 9 Proven Ways for Creators to Earn

TikTok has exploded in popularity over the last few years, becoming one of the most used social media platforms globally. With over 1 billion monthly active users, it's an extremely attractive platform for creators looking to build an audience and monetize their content.

In 2024, there will be ample opportunities for TikTokers to earn money directly from the platform and through other monetization avenues. This article outlines 9 proven methods TikTok creators can use to start making money from their videos this year.

Optimize Your Profile

The first step to making money from TikTok is ensuring your profile is well-optimized. Complete your TikTok profile by adding an engaging bio, profile photo, and linking other social profiles.

Use relevant hashtags in your bio so viewers can easily find the type of content you produce. A polished profile shows viewers and brands that you take content creation seriously.

Apply to the TikTok Creator Fund

The TikTok Creator Fund provides creators with reliable income for their top-performing videos. With over $1 billion allocated to the fund, it's one of the easiest ways for established TikTokers to earn directly from the platform.

To qualify, you'll need at least 10,000 authentic video views in the last 30 days and 1,000 TikTok followers. Once approved, earnings are based on the number of video views and engagement. It's an essential monetization avenue to explore this year.

Live Stream to Earn Gifts & Tips

TikTok Live allows creators to broadcast real-time videos to their followers and receive virtual gifts in exchange. Broadcasts can center around special events, Q&As, behind-the-scenes footage or whatever you think your audience would enjoy viewing live.

Fans can purchase and gift coins to their favorite live streamers, with gifts converted to cash payments every month. Consistency with live streaming is key - the more you go live, the higher your earning potential.

Promote Brand Partnerships

Companies are keen to partner with influential TikTokers this year to leverage their audience reach and creativity for advertising campaigns.

With innovative sponsored content formats like Hashtag Challenges and TikTok Pulse Ads, there are ample partnership formats for brands and creators to explore together in 2024.

Reach out to brands that align with your niche and creative style about potential partnerships. Ensure your rates and analytics are prepared before these conversations to show why your audience is valuable to advertisers.

Share Affiliate Links

Affiliate marketing works by sharing links or discount codes for third-party services and earning a small commission per referral signup or purchase made.

Many online services like Amazon, Airbnb or online course platforms run affiliate programs that TikTok creators can apply for. Simply share your unique affiliate links in captions or comments underneath relevant videos.

With a sizable TikTok audience, commissions from affiliate marketing can quickly add up. But ensure transparency with viewers by tagging affiliate links as #ad or #sponsored to build trust.

Sell Merchandise & Products

Dedicated fans are often keen to purchase clothing, accessories, and other merchandise associated with their favorite TikTok stars.

Services like TeeSpring, Redbubble and Shopify make it easy to design and sell customized merch no matter your size of audience. Popular items include phone cases, hoodies, mugs and stickers featuring personalized designs or inside jokes from your channel.

Outside of merchandise, you can also produce your own range of digital products like online courses, ebooks and stock photography packs. Sell these through your TikTok bio link or websites like PayHip and Gumroad to earn an income passively.

Create Sponsored Content

Producing dedicated promotional videos for advertisers is another lucrative earning opportunity, especially for top TikTok influencers with hundreds of thousands of followers.

Sponsored TikTok posts work similarly to sponsored Instagram Reels and YouTube videos. Companies pay influencers directly to create video content focused on demonstrating or recommending their brand/products.

The key is balancing a natural style of promotion that fits your channel so sponsored content feels fun and engaging rather than overly salesy. Maintain transparency by tagging all paid partnerships as #Spon or #Ad.

License Your Back Catalogue

The licensing and reposting of viral TikTok videos represents a relatively untapped passive income stream on the platform currently. But by allowing video licensors to reuse your popular back catalogue content legally for a fee, it enables an additional earning channel through limited effort.

Platforms like VidLicensing connect rights holders directly with licensees ranging from media companies to mobile apps wanting to legally showcase funny and inspiring TikTok reposts. Payouts typically range from $100 to $500+ per submission.

Building a sizeable library of high-performing content this year will open opportunities down the track to license your back catalogue many times over.

Take it Away

Implementing even just a handful of the money-making approaches above can earn TikTok creators considerable extra income in 2024. With strategic planning, optimization and persistence, creatives on the platform can leverage TikTok as a full-time career this year and beyond.

The key is to always put your audience first by creating entertaining and engaging content consistently. Maintain transparency around paid partnerships and affiliate promotions to build a trusted relationship with your viewers.

With its powerful algorithm showing no signs of decline, TikTok presents a lucrative platform for creatives in 2024 to showcase their talents to an engaged community

 

Read more:  https://affiliateprofitninja.com/make-money-on-tiktok-in-2024-9-proven-ways-for-creators-to-earn/

 

 

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