Can U Make Money Off Of Tiktok

TIKTOK has been on the rise since its initial release back in September of 2016.

Following the shut down of the similar social media app Vine, TikTok has since become a platform for many user to express themselves, become famous, and earn a pretty penny.

TikTokers can earn millions of dollars per year on the social media site Credit: AFP

How do I make money on Tiktok?

In order to earn money on TikTok, users must be at least 18 years old and have a baseline of 10,000 followers.

Once you have met the qualifications to start earning money, Forbes estimates five ways in which people can make money on the platform.

Those ways include:

Influencer Marketing

Influencer marketing is when companies hire influencers to do post videos about their products to promote their business in hopes of getting more sales on their own sites.

The more popularity a user has, the more money they can receive for being an influencer in their videos.

Forbes reported that the brand Mucinex is known for their influencer marketing as they typically work with multiple influencers who are seen in their videos during flu season.

Brand Merchandise

Following the success of your TikTok account, users can then use their platform to promote products from a personal business as another was to get money.

Launching Independent Careers

Another way users can make money off of TikTok is by using the platform to launch careers in music, art, or acting.

Baby Ariel is known for her roles on Disney Channel and Nickelodeon but before that she was known as the girl from TikTok with 20 million followers.

Become a TikTok Consultant

Many people and companies aren't always familiar with the newest social media platforms and they hire people to consult with about how to make a brand and boost followers.

If you are familiar with the platform, you can make money by teaching others about how it works.

TikTok can be used to gain followers and launch side hustles that will also generate extra funds Credit: Getty

How much do TikTokers make?

For TikTokers with 500,000 followers, they will typically bring in around $450 from sponsored ads.

For TikTokers with over 1,000,000 followers, they can bring in anywhere from $1,000 to $30,000 a month based on their views.

Who is the highest paid TikToker?

The top five highest paid TikTokers are:

Addison Rae who earned $5 million in 2020
Charli D'Amelio who earned $4 million in 2020
Dixie D'Amelio who earned $2.9 million in 2020
Loren Gray who earned $2.4 million in 2020
Josh Richards who earned $1.5 million in 2020