Check out some of our favorite ways to make quick cash below.
Make Quality, Consistent Content
Quality and consistency are the name of the game with all social media platforms.
Thats especially true with TikTok.
The creators who do it best know their audience and have a steady pulse of relevant content going out.
Youll also want to create videos regularly.
Its not enough to create one or two good videos.
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While many new creators think a niche will be too limiting, the opposite is actually true.
For example, lets say youre an interior designer looking to boost your business on TikTok.
Parks recommends asking yourself the following questions to guide you toward a niche for your content.
The way TikTok pays its creators has changed over the years.
What was formerly known as the TikTok Creator Fund has become the Creator Rewards Program.
you might view the full list of requirements for joininghere.
Take advantage of many strategies, not just one.
Dont rely on just one revenue stream, Parks said.
Thats the official space brands and influences use to connect.
This might be as simple as highlighting products.
Or it might be more complicated like promoting a certain program or practice.
Make Use of Gifting
once you nail a solid following, you should also consider setting up gifting.
That allows your followers to send you monetary gifts during live streams.
Gifts are given using coins, which is an in-app currency users can purchase.
While TikTok keeps half the value of all gifts given, the amount you receive can still add up.
For example, if someone gives you a gift of 5,000 coins, this would equate to$50.
The platform would keep half, leaving you with $25.
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Sell With TikTok Shop
Another great way to make money on TikTok is to sell your products withTikTok Shop.
This integrated e-commerce platform allows users to shop your storefront and buy your products without even leaving the app.
It also creates a unique opportunity for you to market your products and create content around your offerings.
And dont be afraid to make a splash with the content you create surrounding your product.
If its controversial and gets higher engagement, that will help with virality, Farley said.
The smartest creators dont rely solely on TikTok to make money, Parks said.
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Larissa Runkle is a writer and editor living in Colorado.
Her work focuses on personal finance, real estate copywriting and lifestyle guides.
