The social media platform TikTok has been growing in popularity over the past few years. In 2020, TikTok was the most downloaded app in the world.
There is no one answer to how many TikTok followers you need to start making money. It depends on various factors, such as your content, engagement, and audience. Generally, you will need a large following of at least a few thousand users and engagement to start making money on TikTok. A general estimation is 10,000 followers.
In this piece, we will share the factors that can affect how much money you can make on TikTok. We will also give some tips on how to make money on TikTok.
What Affects How Much Money You Can Make on TikTok?
There are a few factors that affect how much money you can make from your TikTok account:
The type of content you produce will play a role in how much money you can make on TikTok. If you produce engaging, creative, and original content, you will be more likely to make money than someone who produces low-quality or unoriginal content.
Engagement is another important factor that affects how much money you can make on TikTok. If you have a high level of engagement, that means your followers are regularly watching, liking, and commenting on your videos. This shows that they are interested in your content and are more likely to watch your videos. A high level of engagement will also help you get more sponsorships and opportunities to make money.
Your audience is also a factor that can affect how much money you can make on TikTok. If you have a large and engaged following, you will be more likely to make money than someone with a small following. This is because brands and companies are more interested in partnering with users who have a large and engaged audience.
Ways of Making Money on TikTok
There are a few ways you can make money on TikTok:
TikTok Creator Fund is a revenue sharing program that TikTok offers to its eligible creators. Under this program, TikTok will share a portion of the advertising revenue generated from creator content with the creator.
As per TikTok’s guidelines, you need to meet three requirements before you joining the Creator Fund:
- Be above 18 years of age;
- Have more than 10,000 followers; and
- Have at least 100,000 views over the last 30 days.
Once you have this, you can apply to TikTok Creator Fund and start earning!
Brands and companies will pay you to promote their products or services in your videos. To get sponsorships, you will need to have a large and engaged following.
This is when you promote a product or service and receive a commission for every sale that you generate. To be successful in affiliate marketing, you will need to produce high-quality content that engagingly promotes the products or services.
Sell products or services
You can also make money on TikTok by selling products or services. This can be done by promoting your products or services, or by partnering with brands and companies to promote their products or services.
Super Chat is a tool that allows viewers to pay to have their comments highlighted in your live stream. This is a great way to make money if you have a large and engaged following. For instance, if you have 1,000 viewers and 10% of them use Super Chat, you could make $100 in a single live stream.
Tools to Help You Make Money on TikTok
There are a few tools that can help you make money on TikTok:
Hootsuite Insights is a tool that allows you to see detailed information about your TikTok accounts, such as your follower growth, video views, and engagement rate. This information can help understand what content performs well and how you can improve your account to make more money. For instance, if you see that your videos with a certain type of content get more views, you can produce more of that type of content to make more money.
Airtable is a tool that allows you to create custom databases. This can help organize your TikTok account and understand what content performs well. For instance, you can use Airtable to track your video views, comments, and likes. This information can help you understand what content is performing well and how you can improve your account to make more money.
SocialPilot is a tool that allows you to schedule and publish your TikTok videos. This can help ensure that your content is being published regularly, which can help you grow your following and make more money.
There is no set answer to how many TikTok followers you need to start making money. With the right tools and strategy, you can start making money on TikTok with as little as a few thousand followers. If you are just starting, we suggest focusing on quality and understanding what works with your audience. Once you have figured that out, money will start flowing in automatically. To learn more about marketing strategies that can help you thrive on TikTok, check out our related post here.