9 Ways To Make Money On TikTok In 2024

In this article, we will explore nine different ways to monetize your TikTok account and start earning money. Many creators struggle to understand how they can turn their growing follower base into actual income. By the end of this article, you will have a range of options to choose from to monetize your TikTok account and generate revenue.

When Should You Start Monetizing Your TikTok Account?

Typically, it is recommended to start monetizing your TikTok account once you reach around 10,000 followers. While it is possible to make a substantial income with a smaller following, focusing on growth and understanding your audience's preferences before monetization is often a more effective approach. However, if you already have a proven offer as an entrepreneur, you can start monetizing your account much earlier.

1. TikTok Creator Fund

The first way to monetize your TikTok account is through the TikTok Creator Fund, now known as the TikTok Creativity Program. Initially, TikTok allocated $ 200 million to reward creators and test out this monetization structure. Due to its success, they have set aside over a billion dollars for the program in the United States over the next three years.

To join the program, you need to meet the following requirements: have 10,000 followers, achieve at least 100,000 views in the last 30 days, and be 18 years or older. You will also need to submit a valid driver's license as proof. Simply go to your profile settings, access the Creator Tools, scroll down to find the Creativity Program, and apply once you meet the criteria.

Keep in mind that only content longer than a minute and a half is eligible for monetization. This is to encourage creators to focus on TikTok rather than repurposing content for other platforms like YouTube, which is TikTok's main competitor. While the TikTok Creator Fund may not be as robust as the YouTube Partner Program currently, TikTok regularly updates and improves its features for creators.

2. TikTok Shop

The second way to monetize your TikTok account is through the TikTok Shop, which allows you to sell physical products. Currently, only physical products can be sold on the platform, not digital products. To get started, sign up for TikTok Shop, which takes about two minutes. You will need to provide your TikTok account or a phone number and email.

The application process takes around 30 minutes and requires proof of being a real person. If you are a business, you will need to share your certificate of incorporation. Individuals can use their driver's license or a valid US Passport. After completing the application, it typically takes one to two days to receive an acceptance email.

While TikTok Shop has gained popularity, selling products through a link in your bio is still a viable option. In fact, the profile link is currently more culturally accepted on TikTok than the TikTok Shop. Therefore, utilizing the link in your bio can still be a powerful way to sell products.

3. Direct Links

Direct links are another method of monetization on TikTok. Access to the link in your bio is automatically granted for business accounts, but if you have a creator account, you must wait until you reach 1,000 followers. It is recommended to focus on growing your followers as a creator before worrying about monetization.

Creating content that revolves around trends and popular sounds is an effective strategy for growth on TikTok. By leveraging the direct link in your bio, you can redirect viewers to your website or other platforms where you sell products or services. Switching to a creator account will provide better access to sounds and trends, maximizing your growth potential.

4. Digital Products

Digital products are an excellent option for monetizing your TikTok account. With the scrolling nature of TikTok, users can easily make impulse purchases of low-ticket digital products. These products allow users to experience your expertise and determine if they want to invest further in your offerings.

To sell digital products effectively, it is recommended to use a tool like Stand, which integrates seamlessly with TikTok. Stand enables you to promote affiliate offers, perform upsells and downsells, and create email automations to optimize your sales process. It also overcomes the limitations of other services by natively working within TikTok, avoiding external website warnings.

5. Affiliate Marketing

Affiliate marketing is a passive income source for creators. By promoting products or services you love and earning a commission for each sale through your affiliate link, you can generate income. This can include promoting software like Stand or other creators' courses that align with your audience's interests.

You can also promote your own products or services as an affiliate. By creating content that educates viewers about the benefits and solutions your offerings provide, you can drive traffic to your website or generate leads. Affiliate marketing is a versatile strategy that allows you to earn passive income through various revenue streams.

6. Freelance Services

If you provide freelance services, TikTok offers an opportunity to monetize your skills. By addressing common questions and problems related to your services through content creation, you can build a following. Some viewers may become clients who engage your services directly through your website or by booking a call with you.

Freelancers can leverage TikTok to generate leads and sales by showcasing their expertise and nurturing relationships with potential clients. By directing interested viewers to your website or contact channels, you can convert them into paying clients.

7. Coaching and Consulting

Coaching and consulting services are easily monetized on TikTok. By creating content that educates and helps viewers address specific problems, you can attract a following interested in your coaching or consulting services. Viewers who resonate with your content may seek a more personalized approach and become paying clients.

TikTok serves as a lead generation platform, allowing you to generate leads, book sales calls, and convert interested viewers into coaching or consulting clients. Coaching offers a high return on investment as the content creation process naturally generates leads.

8. Online Courses

Online courses are a highly profitable way to monetize your TikTok account. By creating content that provides value and educates viewers on topics aligned with your course, you can drive traffic to your course sales page. TikTok's algorithm helps promote your content to a wider audience, increasing your course's visibility.

Online courses offer passive income potential as sales can occur without your direct involvement. By delivering comprehensive content through your courses, viewers can learn at their own pace, making it an attractive option for those seeking in-depth knowledge and solutions.

9. Online Memberships

Online memberships involve creating a membership program where subscribers pay a recurring monthly fee to access curated content, exclusive resources, or live coaching sessions. By leveraging TikTok's community-building capabilities, you can attract members through your content and provide ongoing value.

TikTok's engagement features allow you to foster a sense of community among your members, enhancing the overall membership experience. Online memberships offer a consistent and regular income stream, as subscribers continue to pay for access to exclusive content and benefits.

Keywords

TikTok, monetization, Creator Fund, TikTok Shop, direct links, digital products, affiliate marketing, freelance services, coaching, consulting, online courses, online memberships

FAQ

1. When should I start monetizing my TikTok account?

• It is recommended to start monetizing once you reach around 10,000 followers. However, if you have a proven offer as an entrepreneur, you can start monetizing earlier.

2. What is the TikTok Creator Fund?

• The TikTok Creator Fund, now known as the TikTok Creativity Program, rewards creators and allows them to monetize their content. It requires 10,000 followers, 100,000 views in the last 30 days, and an age of 18 or older.

3. Can I sell digital products on TikTok?

• Currently, TikTok only allows the sale of physical products through the TikTok Shop. However, you can still sell digital products by utilizing a link in your bio.

4. How can I monetize my TikTok account as a freelancer?

• As a freelancer, you can monetize your TikTok account by creating content that showcases your skills and provides value. You can redirect viewers to your website or offer booking options for your services.

5. How can I monetize my TikTok account through coaching or consulting?

• By creating educational content that addresses specific problems and demonstrates your expertise, you can attract potential clients. Direct viewers to your website or provide a booking option for coaching or consulting services.

6. What are the benefits of online courses on TikTok?

• Online courses offer passive income potential, allowing you to educate and engage viewers on TikTok. By driving traffic to your course sales page, you can generate sales and provide a comprehensive learning experience.

7. How can online memberships monetize my TikTok account?

• Online memberships offer recurring income as subscribers pay a monthly fee for exclusive content and benefits. By leveraging TikTok's community-building features, you can attract and retain members.