How to Make Money on Tiktok Live: Complete Guide

Are you looking to make money on Tiktok Live and you don’t know how to go about it? We have everything covered in this article on how to make money on Tiktok Live. Tiktok 1 billion monthly active users worldwide with usage in over 138 countries, including China.

With a vast number of users exceeding 1 billion across 40 countries, TikTok is one of the leading social platforms globally. TikTok presents an opportunity to generate income for those with entrepreneurial flair and a talent for crafting engaging short videos.

Given its vast audience hungry for entertainment and potential spending, TikTok offers a promising avenue for creators. Since the debut of TikTok’s Creativity Program Beta in early 2023, creators have reported increased earnings, with the platform claiming creators can earn up to 10 times more.

This surge in earnings is attributed to the program’s emphasis on longer video content, incentivizing creators to produce videos exceeding one minute.

Table of Contents

7 Ways to Make Money on Tiktok Live 2024

Brand Partnerships

To monetize your TikTok presence, consider teaming up with a brand you admire. For example, collaborating with your favorite cosmetics brand could be lucrative if you share makeup tips and tutorials.

Sponsored content involves receiving something valuable in exchange for promoting a brand or product. Due to the platform’s popularity, brands are willing to invest in TikTok creators. While many brands contact creators through agents, TikTok’s Creator Marketplace offers a direct route for creators to connect with advertisers.

This platform allows brands to search for creators based on various metrics and engage them in paid campaigns, where creators showcase products or mention brands in their videos, earning money in return.

Join TikTok’s Creator Fund for Earnings

If you’re a TikTok creator with a substantial following, you can earn money through TikTok’s Creator Fund. You need 10,000 followers and 100,000 views from your videos in the last 30 days to qualify. Once approved, you can earn based on factors like views and engagement. Creators typically earn 2-4 cents for every 1,000 views, with the potential for more if your content goes viral.

To apply, ensure you meet TikTok’s requirements and have a personal/creator account. Access the Creator Fund through the Creator tools section in your profile. Payouts, usually made via PayPal or Zelle, occur roughly 30 days after the month ends.

Monetize with Affiliate Marketing

If you still need sponsorship offers, you can still earn money on TikTok by promoting affiliate products. Select products relevant to your niche, get affiliate links, and create an ad video. Users buy the products through your link, and you earn a commission.

Finding affiliate products is easy. You can explore TikTok’s affiliate platform for creators, but you’ll need permission to access TikTok Shop and Livestream. If you don’t have these, consider affiliate programs outside TikTok, like Shopee or Amazon.

Direct users to your bio to make it easy for them to follow your affiliate links. While you can’t add links in video captions, mentioning them in your bio increases click-through rates, helping you earn more.

Affiliate marketing means promoting products or services for companies, and you earn money when people buy those products through your special link. Start by partnering with brands you already love and signing up for their affiliate program to get your link. You can share the link in your profile or video descriptions or redirect traffic to your other social media accounts where you’ve placed affiliate links.

Earn with Live Gifts and Donations

If you enjoy live streaming, TikTok offers another way to earn money. The app allows you to receive donations while live streaming, making it a great way to monetize your account.

You must have at least 1,000 followers and go live on TikTok to receive donations. While streaming, your viewers can send you gifts, which can be exchanged for diamonds. These diamonds can then be converted into real money.

To make money on tiktok Live streaming, announce your Live sessions in your videos and add Live stream details to your bio link so users can find you. It’s essential to choose an external streaming platform for this and invite your TikTok audience there. Add a donation button on your bio page to maximize your earnings.

While live streaming, remember not to actively solicit gifts, as this goes against TikTok’s community guidelines. The exchange should be natural and organic.

To start collecting gifts, ensure you meet TikTok’s eligibility requirements, including being at least 18 years old and having at least 1,000 followers with an account at least 30 days old. You’ll keep 50% of your earnings, while TikTok takes the other 50% as a commission.

Monetize by Building and Selling TikTok Accounts

You can make money by building and selling TikTok accounts if you’re good at growing followers. Brands often pay for established accounts, especially those focused on specific topics. It’s similar to selling social media accounts on other platforms like YouTube and Instagram.

Grow your TikTok account by getting followers and engaging with them. Then, target brands or individuals interested in your niche. Make sure your account has a clear theme, like fashion or cooking, to attract buyers. You can advertise your accounts on websites or marketplaces. Avoid making your accounts too personal; buyers prefer content focused on the topic.

With the right strategies, you can find buyers interested in purchasing TikTok accounts, creating a profitable opportunity for creators and businesses.

Sell Your Products on TikTok

With TikTok Shop integrated directly into the app, you can sell your products without users needing to leave TikTok. Use TikTok Shop to showcase your brands and products to a wider audience. You can easily link to products featured in your videos and earn commissions through TikTok Affiliate.

Start earning revenue by directly selling your products on TikTok. Use TikTok Shop to tag your products in regular videos and live streams, driving sales directly from your content.

Creators and businesses can set up a TikTok Shop, listing products in the shop link and linking to specific items mentioned in videos for easy purchasing.

Since introducing TikTok Shopping in 2021, businesses can now sell products on the platform, eliminating the need to redirect followers to external websites for purchases.

You don’t have to rely on brands to make money on TikTok —promote your own products! Share entertaining and informative videos related to your products, and include a link in your bio for users to make purchases. Whether your product is virtual or tangible, you can sell it directly on TikTok and start earning money.

Collect Tips on TikTok

Activate the Tips function on TikTok Creator Next if available in your location. Connect your Stripe account to receive tips from your audience directly through your TikTok profile.

Your followers can tap the Tips button to send you a predetermined or custom tip amount if they enjoy your content. You keep 100% of the tip amount minus the Stripe processing fee. To be eligible for tips, you must meet TikTok’s requirements, including being over 18 years old and having at least 100,000 followers.

Turn on the ability to collect tips under Creator tools > Creator Next. Once activated, a “Tips” link will be added to your profile, allowing users to leave tips if they liked your content. Encourage your audience to leave tips to support your account and keep the content flowing.

Collecting tips on TikTok is like opening up your guitar case while performing on the street or asking for donations on Wikipedia—it’s a way for your audience to support your work.

Conclusion: How to Make Money on TikTok Live

With its massive global user base, TikTok offers numerous opportunities for creators to monetize their content. From brand partnerships to affiliate marketing and live streaming, there are various avenues to explore. With the introduction of features like TikTok Shopping and the Creator Fund, creators can earn money directly through the platform.

Building and selling TikTok accounts has also emerged as a profitable option for those skilled at growing followers. Additionally, creators can sell their products directly on TikTok, leveraging features like TikTok Shop and affiliate marketing.

Tips and donations provide another avenue for creators to earn money, allowing them to receive support directly from their audience. By activating the Tips function on TikTok Creator Next and engaging with their followers, Creators can establish a dedicated group of fans and make money.

Overall, TikTok offers a diverse range of monetization options for creators, making it a lucrative platform for those with creativity and entrepreneurship.