How to Make Money on TikTok in South Africa - Proven Strategies
TikTok had over 1 billion active users, making it the sixth most popular social media network globally.
That market is huge.
Many individuals have already discovered ways to make money on TikTok, and some view it as a full-time profession.
You may watch the video below or continue reading to learn the best ways to monetize your app.
Can You Make Money on TikTok?
Yes, to answer briefly.
You must be 18 years of age or older, have more than 10,000 followers, and have received at least 100,000 views in the past 30 days in order to make money on TikTok directly.
The TikTok Creator Fund application is then available within the app.
But earning money on TikTok involves a little imagination, much like drawing a picture or figuring out your ex's ex's position in a relationship.
There are legitimate, app-funded ways to make money on the network, but there are also many additional opportunities, even if you don't have a large following.
Many TikTok users have already achieved financial success with the app, much as social media producers active on other platforms.
Additionally, even though TikTok may appear like a new frontier, the methods you may utilize to generate money are probably not that novel (check out our guides to making money on Instagram and Youtube).
The methods you use to monetize your account will affect your revenue on TikTok, which you can learn more about below.
4 ways to make money on TikTok
Partner With an Influencer
According to this Tomoson study, the average return on investment for businesses through influencer marketing was $6.50, with the top 13 percent of respondents reporting returns of $20.
Furthermore, according to 50% of marketers, clients acquired through influencer marketing were of a higher caliber than those acquired through email marketing or organic search.
You may utilize the TikTok Creator Marketplace to search for the ideal influencer if you live in the United States.
Influencers and brands are connected on the marketplace website.
Any company is welcome to join, however influencers may only join via invitation (for now).
Search for hashtags that relate to you and your company outside of the United States and the TikTok-approved market (#dentist, #faintinggoats, #thrifting), then read through the material.
Alternately, you might just browse the app, like the movies you enjoy and disliking (or selecting "Not interested") the ones you don't.
You'll start seeing what you want to see on the app.
Such terrifying intelligence.
Consider each creator's page carefully; we've all heard the stale tale of the sobbing influencer's non-racism non-apologetic.
Steer clear of troublesome TikTokers.
Partner with a Brand You Trust
TikTok defines sponsored content as something for which you receive anything of value.
Yes, that is the aim.
For instance, you may be paid by a company to film a TikTok video praising the wonderful scent of their soy candles, or you might be given a free skydiving vacation in exchange for your post.
And brands are keen to engage in such compensated collaborations.
According to a research on influencer marketing, 68 percent of U.S. marketers intended to utilize TikTok for influencer campaigns in March 2021, up from 16 percent in December 2019.
In other words, the use of influencer marketing is skyrocketing.
In light of the COVID-19 epidemic and ongoing social justice movements, businesses prefer to collaborate with people who have a following that knows and trusts them, according to the same eMarketer survey.
Which leads us to a crucial point: avoid looking to associate with businesses whose viewpoints differ from your own.
Your audience responds to you in a very personal way.
Your followers may be interested in your motivational soup analogies, the number of languages you can speak, or even your manicure, but they are also interested in your morals.
The following advice will help you start using sponsored content:
Only contact companies or organizations you truly adore.
Your fans will betray you if your TikTok is all about your raw vegan journey then all of a sudden you start posting about your favorite nearby burger establishment.
This is not only unclear, but it also gives the impression that you are a sellout.
Therefore, be certain that your sponsored material is consistent with your other content.
Make a press kit for your TikTok account
A press kit is similar to a personal trailer for a film.
It highlights all of your best qualities and contains contact details, pictures, and illustrative accomplishments.
Make them curious about what occurs next while holding a bag of popcorn.
Press kit templates are available for free on websites like Templatelab.
Create a few non-sponsored posts
Brands will want to know that you have the skills necessary to increase sales for them.
Making a few articles on your favorite pair of shoes can increase the likelihood that the elusive speciality sock company will want to collaborate with you.
Use the Branded Content toggle
People dislike being duped, and it turns out that applications also dislike it.
The Branded Content toggle was developed by TikTok to ensure user transparency.
Press the button if you're producing material for sponsorships.
Use Tiktok To Advertise Your Products
Making TikToks that showcase your items and all the features that make them special is the most obvious way to generate money if you already have merchandise.
Make sure your bio has a link to your store.
You may even design your own own merchandise, much like the proud homosexual icon and Italian Greyhound Tika the Iggy did.
Thomas Shapiro, the dog's owner, offers items with the Tika logo online.
Fenty Beauty and Cocokind, two makeup companies, are dominating the merchandise market.
Get TikTok’s Creator Fund Payouts
This is the approved money-making approach for apps that we previously discussed.
Announcing a new Creator Fund on July 22, 2020, TikTok promised to provide $200 million USD to "support people who dream of leveraging their voices and creativity to create exciting professions."
The globe and the internet ate it up, and a week later they said that the fund will increase to $1 billion by 2023.
How can you obtain that lovely creator money then?
If you own TikTok Pro, you may use the app to submit an application for the Creator Fund.
How Much do TikTokers Make?
As was said before, there are several ways to monetize your video on TikTok, and your choice will have an impact on your revenue.
On TikTok, brand deals may earn you up to $80,000.
That's right, if you're a successful producer on the platform with a sizable and engaged following, you can use the money from one video to purchase a luxury vehicle.
You may make between 2 and 4 cents with the TikTok Creator Fund for every 1,000 views.
As a result, after you hit a million views, you may anticipate receiving $20 to $40.
FYI: If you are in South Africa, although we are writting in Dollars on this post, you may convert this into Rands of course.
