How To Make Money on TikTok in 2024: 8 Proven Ideas

To make cash on TikTok in 2024, you are required to learn and utilize keen ways to win. Since TikTok was propelled in 2017, it has developed a parcel. Presently, it is exceptionally prevalent with Gen Z clients in the United together States and around the world.

Understanding TikTok’s culture, counting design, legislative issues, and other patterns, makes a difference when you utilize its promoting potential. Best makers and marketers utilize these tips to construct their nearness and specialists on TikTok.

To monetize your TikTok, attempt fan merch deals or paid memberships. This direct will offer assistance to you utilize TikTok’s developing group of onlookers and promoting control to make more cash.

8 ways to make money on TikTok

1. TikTok Creativity Program: This helps creators make money from their videos. They use TikTok’s wide reach to get more earnings.
2. Sell Merch: Creators can earn by selling their merch. They can also get virtual gifts from fans during live streams.
3. Affiliate Partnerships: Creators can earn by promoting other people’s products. They get a commission for each sale.
4. In-Feed Ads: These ads show up in user feeds. They help creators make a steady income.
5. Crowdfunding: Using sites like Patreon, creators get support from their target audience. This gives them a regular flow of cash.
6. Sponsored Content: Creators can work with brands to promote products. They earn money for these partnerships.
7. Organic Marketing: Creators use this to grow their audience without extra costs. It helps reach more people.
8. TikTok Opportunities: Creators can find many ways to earn. These income streams help high earners boost their profits.

These tips can help anyone explore TikTok’s potential and make the most of their creativity.

Join the TikTok Creativity Program

Joining the TikTok Creativity Program is a great chance for U.S.-based creators. It helps you grow your presence and make money from your videos. 

When you join, you get access to the TikTok Creator Fund. This fund supports creators who have a lot of followers and real video views. 

To be eligible, you need to have a certain number of followers and keep your user account in good standing. This program helps you upgrade your videos and reach more people. Sign up today to boost your video views and get more followers.

Sell merch

Offering merch on TikTok is an awesome way for makers to make cash and boost their income. By advertising cool items like t-shirts, tote packs, podcasts, and coffee mugs, makers can interface way better with their fans. This is idealize for artists, vocalists, and comedians to develop their brand and grow their business.

Print-on-demand companies make it simple to make and oversee merch. Makers can choose from things like stickers and scratch pads to coordinate what their supporters like. This makes a difference keep the merch new and energizing, whereas too making more money.

To get begun, make plans that fans will adore, advance them on TikTok, and utilize the stage to drive deals. This not as it were builds the creator’s brand but moreover brings in relentless wages from offering stock.

Go live for virtual gifts

To go live for virtual gifts on TikTok, creators should use live streaming to connect with their followers in real-time. This helps build a stronger bond between creators and their fans, leading to more success in making money.

When live, using LIVE Gifting lets users send virtual gifts. These gifts can be a good source of payment for creators. They help with monetization and make the audience feel closer. Creators can use virtual gifts to boost their social media marketing and drive sales of products.

TikTok LIVE is a great way for creators to show their content and interact with users. This helps build a loyal fan base and leads to more orders and better money-making chances. Knowing how to use virtual gifts and e-commerce can help creators and retailers improve their sales.

Other social media apps like Instagram have similar features, but TikTok’s focus on livestreaming and virtual gifts is unique. Creators can use these tools to make more money and connect with their audience.

Affiliate partnerships

Affiliate partnerships are a great way for brands to boost their marketing. On platforms like TikTok, brands work with influencers to create sponsored content. This helps brands reach more people and get better engagement.

In the Creator Marketplace, content creators and brands team up for win-win deals. An affiliate marketing campaign helps marketers use influencer marketing to bring in more traffic and sales. This way, both brands and influencers gain from the partnership.

Influencer agencies help by connecting influencers with brands for the best results. Good affiliate marketing lets brands use top creators’ influence to spread their message and reach their marketing goals.

TikTok Shop

TikTok Shop is changing how we shop in the app. It adds cool features like shoppable videos and livestreams. Brands use TikTok’s business accounts to add affiliate links and buy buttons for easy sales.

Peace Out Skincare, a skincare brand, uses TikTok Shop to show off its products. They have solutions for acne and hyperpigmentation. TikTok influencers help by sharing product information and making it more trustworthy.

Shopify store owners, like Enrico Frezza, link their Shopify stores to TikTok Shop. This makes shopping easier and helps get more sales. 

Influencer marketing is important here. Influencers promote products through shoppable videos and livestreams. The Shopify Masters podcast shares tips on how to make the most of TikTok Shop for more sales.

Create in-feed ads

Creating great in-feed ads on TikTok can boost your reach and engagement. TikTok’s “For You” feeds are perfect for these ads. They mix well with regular content, making them less annoying. The ads auto-play as users scroll, fitting smoothly into their feed.

With TikTok Ads Manager, you can set up your ads to reach the right people. This tool lets you choose who sees your ads and track how well they are doing. You can use this info to make your paid ads work better.

To get even more from your ads, use online marketing tools and link your Shopify store to TikTok. This makes shopping easier for users, letting them buy right from your ads. Combining these tips helps create ads that connect with your audience and get great results.

Crowdfund projects

Crowdfunding is a great way for creators to get startup funds and attract investors. Sites like Kickstarter and Indiegogo help with live fundraising events. These platforms help projects hit their funding goals.

TikTok creators can use live fundraising events to reach more people. They can get support through equity or direct donations. Fundable and Crowdcube help by linking startups with investors who want equity.

Crowdcube has a special group called the Crowdcube Funded Club. It helps with reaching fundraising goals and managing investments. Crowdfunding helps creators and startups connect with their audience and get support.

Collect tips

To collect tips on TikTok, use TikTok’s native tipping feature. This lets viewers make small donations through the profile button. Setting up in-app tips makes giving easier and may help you get more tips.

You can also use other tipping platforms like Tipeee, Buy Me a Coffee, and Ko-fi. These let creators collect donations and memberships. You can get payments through PayPal or online banking. The tip jar can accept $1 payments and more, so followers can easily give.

Try offering special content or a custom tutorial to get more tips. You can also use video chat to connect with your audience. This helps get more commissions and makes followers feel closer to you.

Make your tipping setup simple. Your tip page should be easy to use and show what each donation does, like a “coffee” or other support.

Patreon subscriptions

Patreon is a well-known platform for creators to get steady income. It helps content creators earn money from dedicated fans through low-cost subscriptions. This is similar to Ko-fi, which also has a tipping feature.

Patreon has membership tiers. These let creators offer exclusive content and rewards. This helps build brand awareness and trust with supporters. By following best practices, creators can manage subscription costs and meet their followers’ expectations.

Promoting new content on TikTok can bring more people to Patreon. This can turn viewers into loyal supporters. Patreon helps creators earn a steady income and connect more with their audience through special rewards and exclusive content.

TikTok Rewards referral program

The TikTok Rewards referral program lets active users earn rewards. By referring new users to the app, you get TikTok Rewards points. These points help you get various rewards.

To join, users must meet TikTok’s minimum age requirements. The referral program helps both the referrer and the new user, making the app more fun and growing the TikTok community.

You earn TikTok Rewards points when you refer new users. This makes the program more valuable and encourages more activity. The TikTok Rewards referral program uses user engagement to grow its community and get more people using the app.

What are TikTok Rewards?

TikTok Rewards are a fun way to earn rewards on TikTok. When you join TikTok and do things like watching or creating videos, you earn virtual points. You also get points for interacting with videos and persuading people to join TikTok.

You can use TikTok Rewards points for rewards like small amounts of cash, mobile top-ups, and coupons. You can withdraw these earnings to your bank account or PayPal account. Your location might change what rewards you can get.

To get more rewards, refer others to TikTok. Referred users can earn extra points. Check the Task Rules page in the app to see how to earn and use TikTok Rewards points and make sure your activities count for rewards.

How do TikTok referrals work?

TikTok referrals work with a system that helps users grow and get rewards. When a new user downloads the app, they can create a profile and enter a referral code. This code tracks the referral process. Users can share their referral code with friends, family, or coworkers via a referral link or invitation code.

When the new user enters the referral code, both the new user and the referrer might get TikTok Rewards. These rewards show up as points on the coin icon on the Activity page. The points can be used to improve their TikTok experience. The referral program gives benefits to both the referrer and the new user through these invitation reward points.

Users who watch videos, post content or interact with videos during a set time period help make the referral program work better. The Discover and For You pages show videos based on what users like, where they are, and their interests, helping new users fit into the TikTok community.

Who is your TikTok audience?

To understand your TikTok audience, remember that most users are younger. The majority of TikTok users are under 30, and many are even under 20. This group includes Gen Z and millennials, who are very active on the platform.

Teens are especially active on TikTok, so it’s a great place to cater to their interests. Older users are fewer, but they are still a part of the audience. Knowing this helps you create better content and can be an advantage for monetizing your TikTok presence.

By using these insights, you can understand the social networks that drive TikTok’s following and improve your content and monetization strategies in 2024.

Always put content first

When using a content-first approach on TikTok, focus on making content that is real and fits your audience. High-quality content helps you connect better with your fans and build stronger personal ties.

For example, businesses like Partly Sunny Projects and online plant brands can use their marketing content to show their unique style and humor. This real content grabs the attention of millennial and Gen Z TikTok audiences and stands out from just sales pitches or promotional material.

Content should be the main focus, even if you’re adding funding or promotional material. Brands like sustainable underwear or California greenery need to make sure their content matches the values and interests of their followers.

By putting content first, businesses avoid distractions and stay relevant. This helps keep customers engaged, making content the heart of your interaction with TikTok audiences.

Join the creator economy

Joining the creator economy is a great chance for creators, artists, and entrepreneurs to make money from their passions. Platforms like TikTok let self-made stars use their creativity and unique talents to earn money online.

Artists and marketers are turning their art into cash. Entrepreneurs and CEOs are finding new ways to fit their businesses into the creator economy. This helps them benefit from digital content trends.

Salespeople and accountants are key in supporting these creators. They help manage finances well. Founders are creating tools and plans to help people make the most of their time and money.

The creator economy is all about passion and new ideas. Everyone helps it grow. As things change, there are many ways to mix creativity and business to find new ways to earn.