Alas, as with everything in life, not every marketing strategy that you use is guaranteed to make money on the platform, and for some people it could take years of tinkering to find the best way to monetize your space. Of course, if you're interested in figuring out how to monetize your account, there are plenty of "influencer gurus" out there who are eager to help the next generation of TikTokers reach their financial goals.
1. Growing accounts and selling them
2. Donations
Donations are another great way to monetize your channel. Just like Twitch, you can also go live and collect donations from viewers. In terms of monetization, the format will usually go as follows: TikTok users can go into your profile and purchase something called coins. For the low price of $1.39, you usually get about a hundred coins. When a creator goes live, their followers can actually send them coins as a way of giving thanks for all of their hard work in creating the content. A creator can then take that coin and turn it into a diamond, which can then be converted into cash via PayPal.
3. Manage influencer campaigns
4. TikTok's ad platform
Another way to make money on TikTok is by offering management services to creators on the app. Though it may not seem like it as you view them from the other side of the camera, there are some creators on TikTok who gain millions of followers very quickly and are overwhelmed when they seemingly become business owners overnight.
If you'd like more tips and tricks on how to build your business on social media, you can follow Elise Darma on TikTok at EliseDarma. Don't forget to loop us into all of the fabulous content you create!
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