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There are several ways to make money on TikTok. Here are some popular methods:
1. Creator Fund: TikTok has its own Creator Fund, which allows eligible users to earn money based on the number of views and engagement on their videos. TikTok pays creators from the fund based on the calculated value of their content. Available countries are UK, USA, Germany, Brazil, France, Korea and Japan.
2. Brand Partnerships: Many brands collaborate with TikTok creators to promote their products or services. Creators are paid for featuring or promoting these brands in their videos.
3. Influencer Marketing: If you have a significant number of followers on TikTok, you can collaborate with brands and promote their products or services in your videos. Brands may pay you directly for this kind of influencer marketing.
4. Merchandise Sales: If you have a dedicated fan base on TikTok, you can sell merchandise such as t-shirts, hats, or products related to your content. You can create your own online store or use third-party platforms to sell your merchandise.
5. Live Streaming: TikTok allows users to host live streams and receive virtual gifts from viewers. These virtual gifts can be converted into cash. Users with a large following can earn money through live streaming. Nigerians are allowed to use live streaming.
6. Video Gifts: TikTok users can send virtual gifts to their favorite creators during live streams. These virtual gifts can be purchased with real money within the app. Creators can then convert these virtual gifts into diamonds, which can be exchanged for actual currency.
7. Subscriptions: TikTok has recently introduced a feature called TikTok Live Stream Subscriptions. This feature allows users to purchase monthly subscriptions to their favorite creators’ live streams. Subscribers get benefits such as exclusive content, badges, and recognition from the creator.
8. Marketplace: TikTok has a feature called TikTok Creator Marketplace, which is a platform connecting brands and creators. Brands can search and collaborate with creators for sponsored content or campaigns. Creators can find brand partnership opportunities and monetize their content through this marketplace.
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9. You can also advertise your own products and services and TIktok.
It’s important to note that the availability of these features may vary based on your location and your account’s eligibility. TikTok is continuously evolving its features and monetization options, so it’s recommended to regularly check for updates and announcements from TikTok itself.
To Access our recent lecture, click on the link below
https://drive.google.com/file/d/1ObIFnm-p2XRMvvRtmd2wcEwC7ceQiEXn/view
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