Do you know that TikTok could also be your source of income? Yes, it could. What are the easy ways to make money on TikTok? Read through this article to be enlightened.
TikTok isn’t just for amusement; it is also a platform where you can earn a steady income. Since its launch, TikTok has become the hottest social media platform, and it keeps growing every year.
TikTok is a social media app that enables users to create, discover, and share short video content. It has taken over the social media platform with its user-friendly interface, a wide array of creative tools, and music integration.
TikTok has over 180 million active monthly users and over 200 billion downloads a year. With this high amount, it is very obvious that, with the right strategy, you can make money on TikTok.
Furthermore, in Nigeria, lots of creators have made money on TikTok through different strategies. Let’s explore some of these strategies in this article.
10 Easy Ways to Make Money on TikTok in Nigeria
If you want to use your TikTok audience to make money in Nigeria, you can try any of the strategies below:
Sell Merchandise and Other Products to Your Fans
Selling your own products on your TikTok page is perfect for monetizing almost any type of content. However, TikTok creators, whether they are singers, dancers, or even comedians, can make and sell any merchandise to their loyal fans.
There is also a wide range of print-on-demand companies on the market and lots of merchandise to choose from. You can sell tote bags, hats, notebooks, pillowcases, t-shirts, and other products.
Selling print-on-demand products also has perks beyond just making money. Having branded merchandise gives your fans a much deeper connection to your brand. And your followers who wear your merchandise will spread the word about your business.
Collect Tips From Your Audience
For an easy way to receive donations, you can try using a tipping platform. These tipping platforms work like real-life tip jars, and the viewers who enjoyed your video can appreciate you with a little donation.
This option is available to fans; however, this isn’t mandatory, and the viewers can donate any amount they wish at any time they want. Here are some tipping platforms to try:
- Tipeee: Tipeee doesn’t provide subscriptions; however, its strength is the simplicity of the app. Creators can even set up a page for their loyal fans to directly tip any amount they wish and whenever they want.
- Ko-fi: Ko-fi provides tips, memberships, and ways for users to get commissions for personalized content like a video chat.
- Buy Me a Coffee: Buy Me a Coffee is well known for being the best tipping platform for content creators. This platform is very easy to use. To tip your favorite creator, you will be directed to a page where you can buy as many coffees as you want for the creator. The coffee is like a $1 payment that is transferred to the creator through PayPal or other online banking.
- TikTok’s Native Tipping Feature: This is one of the easiest ways to receive tips in the app. It has a convenient button on your profile that your followers can tap to pay you.
Create In-feed Ads with TikTok Ads Manager
TikTok has lots of amazing organic marketing opportunities; however, if you want to spend more to broaden the reach of your content, you might want to consider making your own in-feed ads with TikTok Ads Manager.
TikTok ads appear in the user’s “For You” feeds and autoplay just like any TikTok video. With paid ads, you can ensure your videos reach audiences that are interested in your products.
TikTok’s ad manager will seamlessly integrate with Shopify. This means that you can easily create TikTok ads, choose a target audience, and monitor your ad performance from your Shopify store.
Go Live and Receive Virtual Gifts
One of TikTok’s most useful features for creators is live gifting. Through this, they can easily monetize their content via live streaming.
Many social networks have a livestreaming feature; what makes TikTok stand out is that it enables followers to appreciate their creators by sending virtual gifts, which they can redeem for payment.
Engaging with your followers in real-time is ideal for building a valuable connection with them. Audiences that have a valuable connection to their creator always tend to build a personal stake in their success.
This also means that by going live, you can enhance other monetization streams too.
Join the TikTok Creativity Program
TikTok creators who have built a strong following should consider making money via the TikTok Creativity Program.
Creators who are based in the United States with a minimum of 10,000 followers and have an authentic 100,000 video views within the past month are qualified to be a part of this program. Here are the eligibility criteria:
- The user’s account must be in good standing.
- The user must be at least 18 years old to register.
- Users must meet the minimum follower and video view requirements.
- The Creativity Program can also be joined by people who are previously enrolled in the TikTok Creator Fund.
Partner With Other TikTok Influencers or Other Brands
By working with other brands or TikTok influencers, you will be able to earn money through the Creator Marketplace. This marketplace helps link the right brands to the right TikTok influencers, making partnerships in a quick and easy way for both parties.
TikTok makes it very easy to create worthy sponsored content. Brands that want to run an affiliate marketing campaign can check the marketplace and quickly scan through content made by creators they know are open to partnerships.
This Creator Marketplace serves as an influencer agency that allows both sides to show their willingness to work together.
Join the Hashtag Challenge
TikTok hashtag challenges are organized by TikTok itself or some sponsors, and they also give users a chance to earn additional money. Famous vloggers are contracted to promote the hashtag, and they are paid for their services.
It is important to know that TikTok’s advertising department is the only entity authorized to plan an official hashtag challenge, and the budget runs into millions of dollars. The brands can also go to the creators on TikTok to promote a hashtag for a fee.
Buy and Sell TikTok Accounts
TikTok is just like other social networking apps, and one way to earn money is through the buying and selling of TikTok accounts. Accounts are bought for several reasons, and this is why several Nigerians are now opening TikTok accounts that are grown only for commercial purposes.
You can permit businesses to use your materials for marketing. As a content creator, media licensing can be a dependable source for you to earn money on TikTok in Nigeria. This doesn’t change or present itself often. You also don’t need to have a large fan base; all you need to do is advertise different goods and products.
TikTok Account Manager
This is another simple way to earn money on TikTok. You can easily manage other TikTok accounts for active creators. You can either monitor all TikTok’s accounts or represent a popular company to a TikTok creator. Also, you get to earn in naira or dollars.
Earn Cash From Likes and Comments
Just like other social media platforms, TikTok also feeds on likes and comments. Due to this, TikTok creators rely on comments and likes on their videos.
By commenting and liking other creators’ videos on TikTok, you can make money. While it is impossible to know how much you will earn by just liking and commenting on videos, this is still one of TikTok’s money-making strategies, and it also has lots of potential, especially if you love viewing videos and have lots of free time.
There are lots of ways you can earn money on TikTok, and this blog post has listed at least some strategies to make money on TikTok. You can convert your fun TikTok account into a money-making avenue.