TikTok is the next big social media platform. A new wave of young celebrities have made their names lip syncing and dancing on the app. The most famous of these TikTok teens have banded together to lease a house in Los Angeles. They have dubbed the house “The Hype House.” They use the southern California mansion as a place to meet up and create content together.

The fact that these teens can afford to rent this mansion has us wondering… how much money do people make on TikTok? I mean, if these teenagers can afford to rent an LA mansion, they must be making some serious cheddar.

Can You Make Money on TikTok?

In today’s world there are countless different ways to make money online. One of the most popular ways is to build an audience. Where there is an audience, there is money to be made. Think about the Super Bowl. Millions watch the Super Bowl every year. That is why advertisers are willing to fork over millions and millions of dollars to advertise their products or services. But what about audiences that are a little bit smaller?

When Instagram became popular, many users started accumulating large numbers of followers. Their follower count may not bee as high as the number of viewers for the super bowl, but hundreds of users had over one million followers. As they continued to post photos and videos, they began to gain influence over their followers. This influence, combined with an audience well into the millions has made social media influencers extremely valuable to advertisers and brands and they are willing to shell out cash. This is how people on social media make money.

In the early days of TikTok, there were not enough users for influencers to really gain a big following. In 2019 this changed. hundreds of millions of people joined TikTok in 2019 which has allowed popular influencers such as Charlie D’amalio, Dixie D’amalio, and Chase Hudson to amass incredible followings. Like we mentioned earlier, companies are willing to shell out big bucks to advertise through influencers with a following and you better believe they do.

The question is… How much money do people really make on TikTok?

How Much Money Do People Make on TikTok?

There is a ton of money to be made by becoming an influencer on TikTok. The question is “how much money can you make on TikTok?” Many popular TikTok influencers make well over $500 every day. To put that into perspective, that is over $182,500 per year. That is a lot of dough. The median household income in the United States is ~$60,000. This means that some of these young TikTok stars are making around three times as much as the average household…

These numbers make you wonder. Can I make money on TikTok? The answer to this question is YES! Below are some ways that you can make money on TikTok.

How to Make Money Using TikTok!

There are a number of different ways to make money using TikTok if you have a large following. If you want to make money on TikTok the first step is to gain followers. If you have over 100k followers and a decent amount of engagement our team can help you make money on TikTok.

Although all the methods are different they all boil down to influence and engagement. Companies will pay you to post videos featuring their product on your TikTok account; providing that you have a large audience and a great deal of engagement. Engagement means that your followers are real and are engaging with your posts. If you have 100,000 followers but only get ten hearts or likes on your videos, the followers are not engaging and are probably fake. On the flip side if you have 150,000 followers or fans and get around 90,000 likes or hearts per post, you have a high engagement rate.

If you have a good engagement rate and are looking for ways to make money on TikTok we have you covered. Here are some of the best ways that people are making money off of TikTok and there is no reason why you can’t do it to!

Make Money With Sponsored TikTok Posts

There are a few different ways to make money on TikTok. Some require a partnership with a company or brand while others can be all you. When you partner with a brand or company, they will pay you to feature their products or service in your TikTok. This can work with hotels, restaurants, clothing brands, or any other company that can benefit from sponsorship. In reality any business can benefit from sponsoring TikTok users with influence. It is just a matter of them understanding the value of it.

If a brand reaches out to you that is incredible and you should one hundred percent accept the deal. Also be sure to understand your value. Know how much you should charge for a sponsored TikTok post. Don’t let companies low ball you. If you need help getting a partnership with a company check out our TikTok influencer management services. It is free to sign up!

How to Sell Merch on TikTok

Another popular way to make money on TikTok is to create and sell merchandise. This business model has been used by YouTubers for years now and has helped many become millionaires. Basically what you will need to do is create a merch store or a drop shipping store online using Shopify or Amazon. This means is you will have your products on a website and when people buy them, the drop shipping company will handle everything and you collect royalties. All you have to do is use your influence and your following to get people to buy the merch.

You can also create your own independent website to help you develop your brand even further by creating a blog with a store attached to it. If your blog becomes popular you can even monetize that using sponsored posts and ads!

Make Money With TikTok Ads

There are rumors floating around that TikTok is working on a way for users to serve ads on their TikTok videos. It would work exactly how YouTube works today. Creators on TikTok will be able to monetize their accounts and show ads before, during, or after their videos. They will then get paid depending on how big their audience is or how many people see the ad.

This has not happened yet but it is currently in the works. We will keep you updated with the progress of this awesome new TikTok feature.