Today, TikTok is conceivably the hottest social media app which allows many content creators to share their short videos including dancing, lip-syncing, comedy skits, covering songs, performing music and many more. TikTok currently has more than 500 million active users named by “TikTokers”.
TikTok recently granted the TikTokers/ TikTok influencer with a highly profitable earning. That means TikTokers will get money from TikTok calculated by the ads revenue. Of course, it opens up the TikTokers’ opportunities to earn money from TikTok ads revenue aside from endorsement, sponsored for any big brands, product placement, sales of the products and more.
With 1 Million Followers, How Much Money Do TikTokers Make?
A lot of popular TikTok influencers have huge followers on their TikTok account. Of course, you may think with huge followers, they absolutely will get much money with it. Then, you may want to know how much money the TikTokers make with 1 million followers, considering the amount is not a few amounts at all.
According to many sources associated with TikTok’s earning, a content creator of TikTok with 1 million followers which has a good engagement will charge between $5,000 and $ 10,000 for a sponsorship on TikTok. However, the amount is constantly shifting, as the platform matures.
Although there are references but there is no cut and dry answer for the real and exact amount of money which will be earned for the TikTokers with 1 million followers. It’s because the earnings are absolutely dependent on the creator’s country and the location of their followers. You may already understand that there are some counters with less purchase. So the TikTokers will not have a chance to earn a big amount of money.
To get a parameter, we’re able to evaluate the landscape and see the popular TikTokers will be landing brand deals with prestigious marketers. In this case, the top TikTok influencers will be commanding substantial fees for their services to the number range of $20,000 to $30,000 for a sponsored post. For some people, those may sound like astronomical figures which are not really unprecedented.
Interestingly, TikTok has a growth of 200 million new active users which are the most successful and influential TikTokers are based in the USA.
Smart Ways to Earn Money on TikTok
If you’re not a big TikTok influencer and you want to earn money one it, is there a possible way to get it? The answer is totally yes. Even though you’re not a TikTok influencer, you still have a chance to earn money from TikTok. Try to do the following smart ways below!
- Grow accounts and sell them
The smartest way to make money from Tik Tok is to have, grow your account and then sell it if it’s having many followers. You might be able to create entertaining content, ideally content that goes viral to attract people who will become your followers.
After successfully having many followers, you can reach brands that match the character of your account, and sell your TikTok profiles to these brands or people. Of course, you can earn money by using this way.
- Gifting coins
Similar to Twitch, which is a site where people can earn money by live streaming, you can also do it via TikTok even if you have a small number of followers. The flow of the process here is allowing the audience to gift you some kind of items including animation of frogs, flowers, guitars, dolls, etc which should be purchased with TikTok coins.
You totally can get this coin by buying it in real currency. Well, for those who have received gift items from the audience, you’re able to convert them to real money using the payout process. The minimum amount of money that can be paid out on the TikTok app in a day is 100 dollars and a maximum of 1000 dollars.
- Management services
Another smart way that you can take to earn money on TikTok is to try offering management services for content creators in this app. As you know that some of the content creators on TikTok have millions of followers and sometimes this happens very quickly. It’s like having ‘business land’ on their laps.
Here, you can step in and offer a service to help them with their content strategy, their creative strategy, and manage the offers that come their way. So, if you have a background skill in production, you can apply as management services to content creators on TikTok.
- Manage influencer campaigns
You can manage influencer campaigns. It’s not a fresh idea as many agencies have been formed to offer the needs of influencers on many social platforms. The same concept applies to TikTok.
You can become the agency between the content creators on TikTok and the brands looking to work with those influencers. From making an agreement, connecting the two parties, becoming a coordinator and others by charging service fees for these services.
- Tiktok ads platform
Another way is to use their advertising platform. Just like Facebook and Instagram ads, you can browse “TikTok ads” and register to be able to access their advertising platform.
It’s a good idea to create a few ads, set some budget to experiment there and see what happens. Maybe you can sell more of your product by advertising it on TikTok!
- To be TikTok consultant
If you’re professional enough, you’re definitely able to help content creators about how they can get large viewers as well as followers in their videos. Well, you can simply offer your consulting services to them.
However, it’s a really great way to improve your skills and help people who want to become famous TikTok users as it is important to have a strategy to have their videos seen by hundreds of thousands, even millions of people. You surely need to have some background and experience in this subject in order to offer this as a service. But once you have them, people will not hesitate to pay high prices for their accounts.
Of course, there are still ways that you can earn money from TikTok.
On my daily job, I am a software engineer, programmer & computer technician. My passion is assembling PC hardware, studying Operating System and all things related to computers technology. I also love to make short films for YouTube as a producer. More at about me…