Discover the Formula for Making Money with TikTok

More and more people are talking about TikTok than any other social media platform. I have checked out the app and have grown fond of how the platform is being used and how it has given us different opportunities including the opportunity to make money.

In just a few months, TikTok has become a huge site where videos go viral and famous people get their start. Through social media marketing and working together, businesses do well on the site. But there are more than one way to make money on TikTok, and I’ll tell you about them in this article:

  • About TikTok
  • How to Make Money on TikTok
  • Get Sponsored Content
  • Create Your Brand
  • Live Streaming and Getting Gifts
Discover the Formula for Making Money with TikTok
Image Source: Walk The Chat

About TikTok

TikTok is an app that allows its users to create, upload, and share different content including photos, videos, and live stream.

Discover the Formula for Making Money with TikTok
Image Source: Forbes

Many of today’s popular viral videos came from TikTok in the form of dance challenges and other fun activities being shared from TikTok and across other platforms as well.

Now, many would ask why would I choose TikTok over any other social media when the platform is still new. But that’s the answer right there. Its newness drives a lot of interest for new users, brands, and influencers to try.

That reason alone would immediately trigger anyone to race to the top so that opportunities will come knocking on our doorstep. We all know that becoming popular is the key to getting a lot of followers on TikTok which helps you land more deals and opportunities from different brands.

How to Download

I’d recommend that you download the app and give it a try. It’s a fun app that lets you see and enjoy a whole new world. If you have an Android device, you can get the app from the Google Play Store. If you have an iOS device, you can get it from the App Store.

Search for “TikTok” and tap “Install” to begin the download. Wait until the app is finished with downloading and installing on your device and tap “Open” to launch it.

How to Make Money on TikTok

When TikTok became a worldwide sensation, I was immediately captured by the platform’s selling point which was sharing clips of yourself to the entire world.

Discover the Formula for Making Money with TikTok
Image Source: Socialbakers

I thought it would just be a fun way to share my thoughts, but then I found out that I could also use this tool to make money. Now, what makes TikTok so famous isn’t just the funny videos or the dance challenges.

I can see that more people are getting interested in using TikTok now after discovering that the platform can be used for monetization. I’ve figured out different ways for people to make money with TikTok. Here’s how you can do so based on what I’ve seen.

Become an Influencer

One of the best ways to make money on a popular social media site like TikTok is to become an influencer. I’ve seen a lot of people post funny movies online and become famous overnight. It won’t be long before their fame spreads to the other side of the world.

By this time, I can see that every influencer begins to rack up some serious money through sponsorships and collaborations. Brands send their products to the influencer so it gets the exposure it desires from the influencer’s wide audience.

This is why I think TikTok influencers are far more successful within the platform since they have immediate access to a very large following that is ready to support them.

Get Sponsored Content

I know that it can be hard to get as famous on TikTok as a big influencer. It could take a long time of making content before it goes viral, and the creator becomes a well-known personality.

Discover the Formula for Making Money with TikTok
Image Source: Civil Eats

However, there is another way for me to make money even if I do not have millions of followers on TikTok.

Even with just a few thousand followers, I can earn money by getting sponsored content. Considering that major brands won’t be knocking on my door for collaboration, there are a lot of small-time businesses that would want to collaborate which can lead to sponsorship.

Many small-time influencers and content creators make money by getting their sponsored content and you should try it too.

Become a TikTok Consultant

I’ve recently discovered that you can become a TikTok consultant for many influencers, new users, and businesses within the platform.

At first, I didn’t quite believe that this was one very good way of making money on TikTok but if the corporate business world pays a lot of money for business consultants then why not have it on TikTok as well?

People pay good money to hire you as a TikTok consultant to help create a strategy that will help them with either their business or how they can run their brand and boost their following. Many TikTok consultants are experts in the field so I would say that those who know the platform in and out should begin taking clients and help them grow.

Create Your Brand

There is a reason why many major brands would want to work with popular influencers from all over the world. They want to advertise and market their product. But, what if you can create your brand and market it yourself so you can get all the profits instead?

Discover the Formula for Making Money with TikTok
Image Source: Reuters

I’ve recently found out about selling merchandise once you have enough followers to create your own business.

Many top celebrities and influencers began creating their brand of makeup as soon as they reach that level of popularity however, you can also do it on a smaller scale.

TikTok may be a place to have fun on social media, but it can also be used for business and marketing, so we might as well use it.

Growing Accounts and Selling Them

Similar to other social media platforms, growing accounts and then selling them to different brands will help you earn money. This can be done by creating an account with all legitimate followers and creating a niche so that it will still be within the interests of your followers once you sell the account.

By the time you have grown the followers to a sizable number, you can either sell it for a good price or continue to grow the numbers until you make the account worth selling over to the highest bidder.

Brand owners usually take this route since the account already has built-in followers that are within their niche. They won’t have to deal with growing their followers in several months and take a lot of time promoting their product when you can give it to them immediately.

Live Streaming and Getting Gifts

Going live and simply talking to your followers will net you a good amount of money from gifts and coins. Every time you live stream, your followers can give you gifts or coins that are purchased with real money. These gifts and coins can then be converted into real cash.

Discover the Formula for Making Money with TikTok
Image Source: StreamElements Blog

You can always go live on TikTok and start talking to the people who follow you. Just make sure you can have a good chat and give good information about the topic to keep your audience interested.

The more you retain your audience, the more you get the chance of getting gifts from them.

I also want to share this secret that not many other people know about when it comes to making money: watching TikTok videos. There is an app called Zynn that allows you to make a good amount of money by just watching and creating videos on TikTok.

Make Money With Referrals

Apart from that, I can also easily earn money through referrals. If I refer a friend and they start using the app, I get to earn a few bucks and if they continue to be active, I get even more money.

Each day, the app rewards new users who sign up with $20 and while the app randomly chooses whom it gives the reward to, it is still worth signing up for.

This is by far the easiest tip in making money through the use of the platform that you should try.


These are the tips that I have discovered that will truly help you make money on TikTok. Use any of them to begin making money on the app.

The way I see it, TikTok is bound to be one of the best social media platforms not only for its fun and entertaining content but for the way it is built for the common users, the influencers, and the brands that want to promote their businesses. It’s a win-win situation for all of us.

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