How To Make Money On TikTok 2024

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Are you looking at how to make money on TikTok? If you are new to the platform or less than 1000 followers, keep reading. I have got for you a list of 5 ideas to make money on TikTok that you can start straight away.

If you’re not convinced about TikTok here are a couple of important TikTok statistics you should know. In 2023, TikTok reached 1.92 billion users. This has outshone Instagram, who reached 1.35 billion users.

TikTok reached 1.92 billion users in 2023

Forbes

How To Make Money On TikTok 2024

Affiliate Marketing

Do you want to be able to make money in your sleep? Affiliate marketing is how people like you are doing exactly that.

Don’t know what affiliate marketing is? Here’s a quick explanation for you. You find an affiliate marketing network like Amazon Associates or products you love to promote. Apply to the network or brand of the product to become an affiliate. Once accepted to be an affiliate for a program, you’re given a special tracking link to use.

Now you can start making money on TikTok with affiliate marketing.

Affiliate marketing has become a successful business worth more than $17 billion (as of 2023)

Optin Monster

Affiliate marketing is a great way to get started making money on TikTok. The only thing you need to do is get 1000 followers. When you have 1000 followers, you’re able to put your affiliate link in your TikTok bio. This is how to make money on TikTok with a small audience.

Just make sure that you don’t make any of these mistakes new affiliates make.

Sponsored Posts

Did you think that brand sponsorships is just for the celebrities? No, creators with different sizes of followers also can get brand deals. Get paid to post content instead of just making it for free.

What brands truly care about is your engagement, not just how many followers you have.

On a global scale, the influencer marketing market reached a valuation of 21.1 billion U.S. dollars for 2023.

Statista

To get started with sponsored content. Tag businesses that have products you love to use. Create posts on your TikTok that is showing how much you love their products, like it was an actual paid post. Reach out to these businesses with your pitch and media kit.

You can also check out the sites like Get Blogged. You’ll find brands on their looking for TikTok creators. Also on Get Blogged, you can find resources to help you with your pitching and create a media kit.

Creators on TikTok are making money this way, and it’s how you can make money on TikTok too.

TikTok Shop

TikTok shop has been trialled in the UK and now officially launched in the US. Brands and creators are jumping onto this way to make money on TikTok.

Showcase your products on

  • Videos
  • Lives
  • Product Showcase Tabs

But to make the most of this feature, you must be eligible. You can find the full requirements for individual sellers here.

By creating a TikTok Shop, you can showcase products on in-feed videos, lives and product showcase tabs. If eligible for this feature, you can sign up to become a seller in the TikTok Seller Center, where you can manage inventory, orders, creator partnerships, promotions and more. However, the seller centre is only available in select regions.

Individual sellers who don’t have products to sell and no money to invest can use Print on Demand. Print on Demand is free to get started with and how to make money on TikTok shop.

Don’t know how Print on Demand works? Here’s a quick explanation for you. You create a design that can go on a piece of merchandise. Upload this design to a Print on Demand platform. Connect your Print on Demand directly to TikTok or your own website.

The Print on Demand platform I love is Printful. You can integrate your TikTok shop directly with Printful as soon as you have met the eligibility requirements.

TikTok Lives and Get Virtual Gifts

TikTok lives is how to make money on TikTok if you have at least 1000 followers. You can make money by people sending you virtual gifts throughout your stream. These gifts are called diamonds.

Each diamond is worth 5p. If you collect 100 diamonds, you earn £50. However, TikTok does take half of the money you earn from doing lives. If you watch or stream YouTube lives, then you would know a similar concept with Superchats and Superstickers.

If however, you use a streaming platform like OBS, you can do your live stream on multiple platforms. Therefore, you can increase your earnings.

Offer Exclusive Content On Patreon

On Patreon you can offer memberships to your followers. In return for their money, you give exclusive content.

Ideas of what to put on your Patreon memberships include:

  • Workshops
  • Q&A’s
  • Tutorials
  • One to ones
  • Downloads

You can set up a Patreon account for free and can replace setting up a website if you’re a content creator.

To get members, this is where TikTok comes in. You share eye-catching content on TikTok. Then in your bio you have your link to your Patreon account. As mentioned earlier, you need at least 1000 followers to get that link in your bio.

As long as you keep sharing content on TikTok consistently and engage with your followers, you’ll soon get your first 1000 followers. This is the final idea on how to make money on TikTok, but probably one of the best ways. One of the best as you can make more money. As with the other methods you have to pay a chunk of the money you make to the platforms.

Conclusion

Now you can start your quest on how to make money on TikTok. Instead, you can start making money. Open up that app, take a look at what’s trending in your niche, and start creating content.

Still looking for other ideas to make money online? Check these ideas to make money fast.

About Post Author

Alison Wolf

Helping you to build an online business so you have an extra stream of income or quit the day job. Don't forget to follow me on social media using the handle @heyalisonwolf