how to ACTUALLY make money on tiktok in 2024...
Entertainment
Introduction
For the past year, TikTok has emerged as an incredibly lucrative platform for content creators, particularly through the use of faceless accounts. I've been documenting my journey on TikTok, sharing insights on how to replicate my success. Recently, I’ve been diving deep into TikTok Shop, which offers remarkable opportunities unlike any seen before. Whether you want to create content under a persona or showcase your own brand, the potential earnings on TikTok are unmatched compared to other platforms. I firmly believe that for the next two to five years, TikTok will continue to flourish, creating even more avenues for income.
If you're among the many scrolling aimlessly for hours, it's time to stop that habit and start capitalizing on TikTok's monetization opportunities. In this article, we'll explore TikTok's Creator Fund and Shop, weighing their pros and cons while sharing tips on how to dive into either, whether with or without showing your face. Don’t underestimate the opportunities TikTok presents this year; the platform is unlike anything we've ever seen.
Understanding the Creator Fund
TikTok’s Creator Rewards Program, previously known as the Creator Fund, is designed to compensate creators with 10,000 followers for videos longer than one minute. To qualify, you need to reach 100,000 views. The payout rate is approximately $ 1 per 1,000 views, which may not sound substantial but is considerably higher than platforms like YouTube that only pay around $ 0.10 per 1,000 views. Achieving millions of views on TikTok is entirely feasible with the right strategy.
The program allows creators to manage multiple accounts, making it easier for those who are utilizing a faceless strategy. Successful creators, like "Bivo" who publicly shares his earnings, reportedly bring in $ 10,000 to $ 15,000 a month, showcasing the potential of the platform. TikTok Lives also contribute significantly to earnings, especially through features like battles.
Realistically, you can expect to earn about £1,500 to £3,000 per account with just an hour of work each day, assuming your views are decent. For those exceptionally fortunate months where engagement spikes, earnings can reach £5,000 to £10,000.
Tips for Success
Optimal niches for faceless accounts include:
- Gameplay and humorous AI voiceovers.
- AI storytelling.
- Text threads.
- Relationship quizzes.
Engaging in the Creator Fund equips you with invaluable skills such as shortening content for the brief attention span of viewers and mastering organic marketing strategies—skills applicable in any online business.
Challenges with the Creator Fund
However, the Creator Fund is not without its challenges. Your account can be flagged for "unoriginal strikes" if you post content that isn't wholly original. Original content is crucial; violating this can lead to disqualification from the program. Another potential concern is security issues, where creators can be temporarily kicked out of the fund. To mitigate this risk, it’s essential to log out of accounts when switching devices and clear app cache and data regularly.
Exploring TikTok Shop
Conversely, TikTok Shop offers a seemingly limitless path for earnings. Many creators are generating thousands of dollars monthly with minimal effort. My activities in this area center around faceless promotion as well. The hallmark of successful TikTok Shop videos is the ability to buy products directly from a TikTok video. This convenience can drive sales to unimaginable heights.
For those entering TikTok Shop, the entry requirements are significantly lower—you only need 1,000 followers. The crucial aspect of your promotional video is capturing attention within the first few seconds. Effective hooks can significantly increase engagement and drive sales.
Product Selection and Commission
When choosing products to promote, ensure they align with your niche. For example, if you’re in the fitness space, focusing on supplements is advantageous. Look for affordable products with good ratings and a commission of at least $ 1 or $ 2 per sale to ensure profitable returns.
In Conclusion
Both the Creator Fund and TikTok Shop present exciting opportunities. For 2024, a balanced approach leveraging both avenues can yield maximum results. I plan on documenting a “0 to 10K” series showcasing my journey in both the Creator Fund and TikTok Shop. If you're interested in learning how to create faceless content effectively, my server offers guidance and resources to help you succeed.
Keyword
- TikTok
- Creator Fund
- TikTok Shop
- Faceless Accounts
- Monetization
- Original Content
- Engagement
- Niche
- Commission
- Earnings
FAQ
1. What is the Creator Fund, and how do I qualify?
The Creator Fund compensates creators with 10,000 followers for videos longer than one minute, requiring 100,000 views to qualify.
2. How much money can I potentially earn on TikTok?
Realistically, with a good strategy, you can expect to earn between £1,500 to £10,000, depending on your engagements and niche.
3. Can I run multiple accounts for the Creator Fund?
Yes, the Creator Fund allows creators to manage and run multiple accounts effectively.
4. What do I need to join TikTok Shop?
To join TikTok Shop, you only need 1,000 followers and to start adding products to your showcase.
5. What types of products work best in TikTok Shop?
Products that match your niche, are affordable, and have positive reviews typically perform well in TikTok Shop.
