If you are thinking about how to make money in Nigeria or anywhere in the world, the TikTok video sharing app is the perfect place for you to make this happen. This well-researched article provides all the strategies and tactics you need to start monetizing your TikTok account and earning real money. Reading this piece till the end means this one thing: you are giving yourself the chance to transform your passion for social networking into a lucrative career.
Now, What Is TikTok, The Video Sharing App?
TikTok is a popular video-sharing app that allows users to create and share 15-second films on any subject. The software has grown in popularity around the world, with over 300 million active monthly users. Surprisingly, the app features a different version called Duyin that is tailored to the Chinese market. The app logo was made by combining the logos of two earlier apps, Musical.ly (pronounced as Musically) and Duyin.
TikTok’s Evolution and Features
TikTok was known as Musical.ly (pronounced as Musically) before being acquired by ByteDance and had over 100 million users globally. Users could use the software to create and share lip-syncing films with a variety of music and chat options. The app was popular among content makers who became well known for their humorous and entertaining films. However, following the acquisition, the app was rebranded TikTok and its users were transferred to the new platform. TikTok is still evolving today, with new features and improvements that make it even more appealing to consumers.
The Secret Of Making Money On TikTok
TikTok is a fantastic platform for content creators to exhibit their skills and make money. Earning money on TikTok, on the other hand, can be a mystery for many. Despite its tremendous potential, the TikTok money-making method is not totally clear. But one thing is certain: TikTok is growing by the day, amassing billions of fans globally. TikTokers with more than 100,000 followers can make $200 to $1,000 each month using social media. However, there are a plethora of different ways to benefit from TikTok, and we’ll go over fifteen of them in the next section.
TikTok has evolved into a viable platform for content providers, and TikTokers with more than 100,000 followers can make a sizable sum of money. They can make anywhere from $200 (approximately 100k in Nigerian money) to $1,000 (half a million naira) every month using social networking. These revenues may vary depending on the TikToker’s specialty and type of content. Those who want to make a living off of TikTok must engage and build their fan following, since this is one of the most important variables in expanding their earning potential.
How to Make Money on TikTok Nigeria
To make money on TikTok is very easy, and the ways through which you can turn your life around financially by monetizing your creativity are listed below:
1. TikTok Creator Fund
TikTok’s TikTok Creator Fund compensates users for creating unique content. The site rewards producers based on how many people watch their videos, and the goal is to keep users on the platform so that they may earn money through advertising. To be eligible for the Creator Fund, you must have at least 100,000 views in the past 30 days. The standards, however, are more severe than those on YouTube. You must be 18 or older, have 10,000 followers, 100,000 video views in the last 30 days, and create original videos in accordance with TikTok’s regulations.
2. Brand Ambassador
Brand ambassadors provide a similar function as sponsored content. They do, however, offer aid over a longer period rather than just once. As a brand ambassador, you will most likely be compensated and given free products in exchange for seeing a certain number of films each week or month. The more effective your content is, the more valuable your brand ambassador relationship becomes. The ideal situation is to find a brand that allows you to expand your network, obtain equipment that you truly appreciate, earn money, and have fun.
3. Affiliate Marketing
Another fantastic way to earn huge money with your TikTok account is through affiliate marketing. You can make money with affiliate marketing even if you don’t have 10,000 followers. For example, if you have between 1000 and 5000 followers on Nigeria’s TikTok platform, you can earn money through affiliate marketing. Affiliate marketing is the activity of promoting products online via links in order to entice customers to use or buy the products. When your followers click on these affiliate links and purchase the relevant goods, you will be rewarded.
4. Sell Products
Selling things is one of the quickest ways to make money on TikTok in Nigeria. You can sell anything fashionable, such as apparel, jewelry, shoes, and bracelets. Depending on the amount of followers and the country where the majority of your followers are from, you can make money selling things in either dollars or Nigerian naira. Simply promote your products in your videos, and when your subscribers make a purchase, the items can be delivered to their homes.
5. Sponsored Posts
Sponsored postings are a typical way for Nigerian TikTok creators to make quick money. This is possible if you have a significant following and constantly post videos that receive views and interactions. A sponsored post is one in which you are compensated for promoting a service or product in your video. The amount you get paid for each sponsored post is usually determined by your following, your overall brand, interaction, and bargaining skills with brands. Promoted posts can pay you in local or foreign currency like dollars, depending on whether the brand is national or international.
6. Requesting Donations/Contributions
In Nigeria, asking for donations on TikTok might be an additional source of income. Many people find it degrading, but some popular TikTokers use the app to collect money. Before asking for donations, you should have a good purpose, such as paying your travels to generate more material. Your subscribers will donate because they want to see more of your content.
7. Partnership with Influencers
Collaborate with influencers who have loyal audiences to flourish on TikTok. Influencer marketing allows you to promote your TikTok account or sponsor your products. The success or failure of your firm might be determined by a single mention from the appropriate influencer. Influencer marketing can be seen in Elon Musk’s unintended promotion of Dogecoin. To succeed on TikTok, consider using intentional influencer marketing.
8. TikTok Account Management
Taking care of TikTok accounts for busy content creators is a quick method to get money. Acting as a brand agent or managing general TikTok accounts are examples of creator management services. As a TikTok account manager, you can earn money in either dollars or Nigerian naira. Your country of operation will be determined by the location of the TikTok account owner you manage.
9. Find New Clients Through Freelancing
TikTok can be an excellent platform for freelancers or consultants looking to expand their business. Create an audience by providing engaging content and then promote your products or services. Show off your efforts on TikTok, such as website development or email marketing campaigns. Make any industry on TikTok fascinating by using your imagination and letting your originality show through.
10. TikTok Video Editing
TikTok video editors in Nigeria can make money by assisting TikTok artists with video editing. To download and transmit videos after editing, you’ll need alot of RAM. Learn how to creatively edit videos and offer your services as a video editor to make money.
11. Profit from Likes and Comments
TikTok creators earn money by receiving likes and comments on their videos. You may make money on TikTok by liking and commenting on different creators’ videos. If you have a lot of free time and enjoy watching films, this is a good way to make money.
12. Media Licensing
Giving marketers permission to use your TikTok content for promotion is what media licensing entails. Media licensing can be a consistent source of income for TikTok creators. Profit from media licensing without a significant TikTok following. Simply advertise and analyze numerous goods or products to boost your chances of obtaining media licensing.
13. Create a Patreon Account
Nigerian TikTok users can provide free content on their profiles and encourage viewers to subscribe to them on Patreon in exchange for premium content. Allow behind-the-scenes access, exclusive content, SWAG, live conversations, and community participation.Be creative in creating relevant and worthwhile content for your Patreon page.
14. Buy and Sell Accounts on TikTok
Many Nigerians buy and sell TikTok accounts for monetary gain. You can buy a TikTok account, keep it, and later sell it for more money. This approach of making money on TikTok is uncommon, but it can be lucrative if you locate the proper consumers.
Final Thought On How to Make Money on TikTok In Nigeria
With TikTok’s increasing popularity, now is an excellent moment to try to make money on it. TikTok is the future, and many will regret not joining sooner in the coming years. Consider the following suggestions to improve your chances of earning money on TikTok in Nigeria.