How to make money on Tiktok in 2020

Tiktok’s been a rising app and its popularity just keeps on increasing. It is a video sharing application that can be used in both IOS and android with ease. It’s rising popularity can be authenticated by the fact that it was the most downloaded application in the first quarter of 2019 for IOS users with over 33 million downloads, leaving behind big names like Youtube, Facebook, and Instagram. So, it goes without saying that it’s popularity is not going to see an end anyway near. in the future.

A picture of tiktok
How to make money on Tiktok in 2020

As the platform grows, there become more and more people with millions of followers and the question rises from them and other people that is it possible to earn money on this platform like you can on platforms like Instagram and youtube. This is a question that is very often asked as people who love TikTok and do and have a following would love to make money through TikTok. And what’s better than earning money through doing something that you love. So without further ado here is your answer… which is a bit complicated I guess

So is it possible to make money through TikTok?

Well, it would be wrong to just derail you and tell that the answer is YES as Tiktok as of now does not give any sort of incentives to its popular content creators but there are still ways you can use it to make money

A picture of money
How to make money on Tiktok in 2020

The no.1 thing that some people do is shift their traffic from TikTok on platforms like youtube and Instagram where it is comparatively easier to earn money through. And then generate money through those platforms rather than generating it directly from TikTok. Some major examples of influencers who did this are Kristen Hancher, Jacob Sartorius, Loren Gray, and Baby Ariel, though all of these didn’t earn money directly from TikTok

Boby ariel promoted all of her products on all of her social media pages. Moreover, now she has also begun her music career and has released some songs, and grown her net worth to more than a million dollars

Loren grey was another TikTok influencer who used her audience on TikTok to raise her popularity on youtube and Instagram. Where she makes money by promoting brands.

A picture of loren gray to elaborate the possibility of How to make money on Tiktok in 2020
How to make money on Tiktok in 2020

Lastly kristen hatcher grew her audeince by using the dancewithkristen hashtag, So when this tag was used by other people and her fans it led to even more popularity for her. This also lead to a higher audience on her instagram and youtube page. And now she also works as a model

A picture kristenhancher's instagram page to further elaborate How to make money on Tiktok in 2020
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Another thing you can do

these social media platforms are a great way of getting viral either through doing something funny, unique or showing the world your talent. So if you have a talent that you can show people, TikTok and other platforms might help you form a career. And even if you are not that good on that specific thing and just a bit above average. You can still keep doing and posting it which will not only help you attract an audience to your page through showcasing your journey. But will also help you become better and better in that specific field and eventually get on something phenomenal.

The only thing in this is you just have to keep learning and evolving. So, let’s say you have a passion for acting and you are not exceptional at it. Just start making and posting videos on TikTok whilst learning new aspects about it. By studying it extensively through reading books, watching informative interviews and youtube videos. As long as you are getting better and learning new stuff you are on the right track. Just keep posting and though this is not usual, this can help you build a portfolio. And eventually, land a career. But along with this don’t forget to use other platforms especially youtube. As that is also a great platform that will help you grow immensely

Getting sponsors

If you are already famous on TikTok are on your way, we have another idea for you. As we all know brands have to advertise. And as long as there is an audience there is a chance of good advertisement. You can use this to start contacting some small brands and tell them of the audience you have. Now comes the even harder part, as TikTok only allows you to make small videos, you will have to make an interesting video that not only promotes the brand but is also intriguing to your audience. You must give some good time to brainstorming ways to make the video. As this will eventually lead to other small businesses wanting to work with you. You need to keep in mind that this is what will get you even more brands.

A picture of various brands to elaborate How to make money on Tiktok in 2020
How to make money on Tiktok in 2020

So, be super serious about it. And if you actually does a good job, this could lead to big things

I know.. i know this seems a bit daunting and a bit unconventional. As no one does it on TikTok and how do you even get brands. You can use the same platforms that Instagram influencers use like hypetap and FameBit. These platforms can help you contact some businesses that might be interested.

Another thing that we recommend is contacting some local brands and offering them advertising for free. This will not only help you grow but keep your mind only on producing the best content. And it won’t really matter cause at the end of the day you are just being creative with TikTok. And even if it doesn’t work out a few times it will be alright. As the brands wouldn’t have lost any money.

Conclusion

Making money through Tiktok is not an easy task but it is worth trying and, if you already are a tiktok star you should try to widen your audience and also get on other platforms like Instagram and youtube. So you can truly monetize your passion I hope this article was helpful, and if you are interested in knowing how to make money on Instagram we wrote an extensive article on that so do give it a look too