It can be your spirit of entrepreneurship. Perhaps you’ve heard of Addison Rae, a 21-year-old driver of a Tesla Model X. Perhaps you thought, “Hey, might as well monetize this,” after seeing the “screen time” warning from your phone, which passive aggressively informs you that you are addicted to the internet.
Welcome, however you arrived here. Here’s how you monetize your TikTok live account.
With over 1 billion active users as of January 2022, TikTok is the sixth most popular social media site globally. It’s a large market.
Some individuals view TikTok live as a full-time job because so many others have already worked out how to make money there. For the greatest tips on how to monetize your app, continue reading (or watch the video below !
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Is TikTok live a viable source of income ?
Yes, to answer briefly.
You must be 18 years of age or older, have more than 10,000 followers, and have received at least 100,000 views in the past 30 days in order to earn money directly on TikTok. The TikTok Creator Fund application is then available within the app.
But earning money on TikTok involves a little imagination, just like drawing a picture or figuring out your ex’s ex’s status in a relationship. There are legitimate, app-funded ways to make money on the network, but there are also many additional opportunities, even if you don’t have a large following.
Many TikTok users have already achieved financial success with the app, much as social media creators active on other platforms. Although TikTok may seem like a fresh market, the methods you can use to generate income are probably not entirely unfamiliar (see our tutorials to generating income on Instagram and Youtube)
The methods you use to monetize your account will affect your revenue on TikTok, which you can learn more about below.
4 earning potential on TikTok live
- Collaborate with a company you respect
TikTok live defines sponsored content as something for which you receive anything of value. Yes, that is the aim. For instance, you might be paid by a company to film a TikTok video praising the wonderful scent of their soy candles, or you might be given a free skydiving vacation in exchange for your post. (However, we do not advise accepting any free skydiving offers).
And brands are keen to engage in such compensated collaborations. According to a research on influencer marketing, 68% of U.S. marketers intended to utilise TikTok for influencer campaigns in March 2021, up from 16% in December 2019. In other words, the use of influencer marketing is skyrocketing.
For your TikTok live account, create a press kit.
A press kit is similar to a personal trailer for a film. It includes your contact information, images, and noteworthy accomplishments and extols all your outstanding qualities (giving brands compelling reasons to work with you). Make them curious about what happens next while holding a bag of popcorn. Press kit templates are available for free on websites like Templatelab.
Make a few posts that aren’t sponsored.
Brands will want to know that you have the skills necessary to increase sales for them. Making a few (non-sponsored) posts about your favourite pair of shoes can increase the likelihood that the elusive specialised sock company will want to collaborate with you.
- Collaborate with a key influencer
This is the first tactic’s opposite. Get in touch with an influencer whose content is consistent with your brand if you are an established company trying to expand your profile (and earn money) on TikTok.
In this TikTok live, fashionista Wisdom Kaye recently collaborated with the fragrance brand Maison Margiela, while in this one, culinary blogger Tiffy Chen collaborated with Robin Hood (the flour, not the fox)
In this study by Tomoson, it was found that businesses received an average return of $6.50 for every dollar spent on influencer marketing, with the top 13% reporting returns of $20. Furthermore, according to 50% of marketers, consumers acquired through influencer marketing were of a higher calibre than those acquired through email marketing or organic search.
Finally, influencers do, indeed, influence. Effectively. Including micro-influencers
You can use the TikTok live Creator Marketplace to search for the ideal influencer if you live in the United States. Influencers and brands are connected on the marketplace website. Any brand may sign up, but (for now) influencers can only access it by invitation.
Search for hashtags that relate to you and your company outside of the United States and the TikTok live -approved market (#dentist, #faintinggoats, #thrifting), then read through the material. Alternately, you might simply explore the app, liking the movies you enjoy and disliking (or selecting “Not interested”) the ones you don’t. You’ll start seeing what you want to see on the app. Such scary intelligence.
Consider each creator’s page carefully; we’ve all heard the stale tale of the sobbing influencer’s non-racism non-apologetic. Steer clear of troublesome TikTokers. It’s 2022.
- Promote your products on Tiktok live
Making TikToks that showcase your products and all the features that make them special is the most obvious way to make money if you already have merchandise. Make sure your bio contains a link to your store.
Here’s a fantastic illustration: fashion retailer Klassy Network demonstrates how to wear a “brami.”
You can even design your own custom merchandise, much like the proud gay icon and Italian Greyhound Tika the Iggy did. Thomas Shapiro, the dog’s owner, offers items with the Tika logo online. Fenty Beauty and Cocokind, two makeup companies, are dominating the merchandise market.
- Access payments from the TikTok live Creator Fund.
This is the approved money-making approach for apps that we previously discussed. Announcing a new Creator Fund on July 22, 2020, TikTok promised to donate $200 million USD to “encourage those who dream of using their voices and creativity to spark inspirational careers.”
The globe and the internet ate it up, and a week later they declared that the fund will increase to $1 billion by 2023. How do you obtain that lovely creator money then? Before applying, you must tick off a few boxes on the application.
- Have an account that complies with the TikTok Community Guidelines and Terms of Service; – Be a resident of the US, UK, France, Germany, Spain, or Italy; – Be at least 18 years old; – Have at least 10,000 followers; – Have at least 100,000 video views in the past 30 days
As long as you have TikTok Pro (the best things in life are not free), you can submit an application for the Creator Fund using the app.
We talked about TikTok in a previous article, and now we have completed this article with another article about live broadcasting in TikTok. This article may help you specifically about earning money from the Internet, especially direct broadcasting, such as what we talked about Facebook and also Telegram
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