How to Make Money with TikTok

Introduction

• Presenter: Isabella, owner of two six-figure earning online businesses
• Focus: Strategies to make money using TikTok
• TikTok's Growth: Rapid growth since 2020, expected to reach 2 billion users by 2024
• Promise: You don't need to be an influencer to make money on TikTok

Sponsor: Constant Contact

• Offers: Tools for small businesses including email marketing, social media management
• Features: AI content generator, easy-to-use editing system, pre-designed templates
• Discount: Code baddy for 30% off next 3 months

Strategies to Make Money on TikTok

1. Join the TikTok Creativity Program (formerly the TikTok Creator Fund)

• TikTok pays for views but this might not be the most lucrative option
• Alternative: Push audience to other platforms or online stores
• RPM (Revenue Per Mille): How much you get paid per 1,000 views ($0.50 - $1)

2. Selling through an Online Store

• TikTok Shop: Allows shopping directly through videos
  • Requires a business account
  • TikTok pushing videos with TikTok Shop
• YouTube Channel: Tutorials on setting up an online store, finding products, and creating viral content

3. Go Live and Collect Virtual Gifts

• Live Streams: Made over $200,000 since late 2020
• Virtual Gifts: Gifts from viewers during live streams (e.g., TikTok Universe worth up to $500)
  • Smaller gifts accumulate over longer live sessions
• Boosted Visibility: TikTok promotes live streams to new audiences
• Percentage Taken: TikTok takes about 50% of gift earnings
• Types of Live Streams: Entertaining streams for earning, product streams for sales

4. Brand Collaborations and User-Generated Content (UGC)

• UGC: Brands pay you to promote their products
• Free products + Payment: Companies reach out through email

5. Affiliate Marketing

• Amazon Storefront: Add favorite products, earn a percentage from sales
• Pros and Cons: Easier but lower profit margins compared to owning an online store

6. Subscriptions

• TikTok Subscriptions: Viewers pay around $5/month
  • Automatic payments
  • Subscribers get special badges, emojis

Success Stories

• Man in Walmart: Became a best-selling author on Amazon due to a viral TikTok
• YouTube Channel Growth: A channel grew to over 600,000 subscribers

Conclusion

• Encourage: Get on TikTok, see what others are doing and try to replicate
• Reminder: Like the video, subscribe to the YouTube channel, follow on Instagram @Banis
• Free Courses: Available on YouTube channel for expanding knowledge on making money online

Call to Action

• Comment: Share success stories or ask questions in the comments
• Social Media: Follow for more business inspiration and updates