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How To Monetize Your TikTok Account

How To Monetize Your TikTok Account

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According to Business Insider, a sponsored post on TikTok can make an average of $0.01 to $0.02 per view. Loren Gray, a famous TikTok user, earned $2.6 million in 2019 for creating sponsored posts. Companies are paying TikTok influencers between $200 and $20,000 per branded video promoted.

If you have thousands of TikTok followers, you should consider monetizing your account. You might want to know how to monetize your TikTok account. The following tips will help.

1. Influencer Marketing

In influencer marketing, you use your TikTok videos to promote brands/products/services. You endorse products in your videos with the hope of generating sales.

The highest TikTok earners engage in influencer marketing and some of them earn six figures. To succeed in influencer marketing, you need to have an engaged user base. You can only influence people to make purchasing decisions if you can engage them.

The TikTok influencer calculator will help you to estimate your possible influencer earnings based on your number of followers and engagement.

2. Publishing Sponsored Posts

You can earn money by publishing promotional videos of brands in your account. With an average earning of $0.01 to $0.02 per sponsored view, a video of 100,000 views will earn $1000 in sponsorships.

If you have a following on TikTok, you should consider reaching out to brands and informing them how you can market their products using sponsored posts.

3. Selling Your Products

This is the easiest way to monetize your TikTok account if you don't have a huge following. You can use TikTok to promote products that you are already selling elsewhere.

TikTok offers you a free platform to sell your products or services. If for example, you own a river rafting service, you can take 15-second clips of raft trips and post them on TikTok.

TikTok Earnings Calculator For Influencers

TikTok Earnings Calculator For Influencers

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TikTok has rapidly gained popularity as a social networking app, especially among the young generation. As of 2020, the app has more than 500 million active users and was the most downloaded social media app in January. The number of users keeps rising steadily each day.

Just like in other social media platforms, Influencers are now making brand endorsements and earning good money from TikTok.

How Much Do Influencers Earn?

Generally, influencers earn between 200$ - 20,000$ per post depending on several factors such as product niche, audience country and brand affinity and engagement rate of the post.

Unfortunately, TikTok does not offer native ads options like its competitors. Settling on the advertising rate to pay influencers is, therefore, tricky for brands. It is usually a matter of negotiation with the influencer. Previously, a large following was deemed to translate to higher pay for influencers. However, the focus is now changing.

Brands have come to understand that a large following on social media can be bought. It is, therefore, not a decisive factor in deciding how much to pay influencers. Brands have now established that post social engagement is vital for a successful marketing campaign. These interactions between influencers and followers reveal the number of people interested in the brand or product.

Influencer Engagement and Earnings Calculator

As an influencer, knowing this social engagement rate gives you a clue of your account's value on the market. We understand this concern. Our Influencer Engagement and Earnings calculator will sort you out. It helps you understand your potential value as an influencer by approximating your TikTok's account social engagement rate.

The tiktok money calculator igface uses three factors to determine engagement rate; the number of likes, number of comments, and the number of followers. To decide on your social engagement rate, use the following formula;

(number of likes + number of comments/number of followers) × 100

The higher your engagement rate, the higher the chances of brands considering you for marketing deals.

Influencers must understand that this calculator is only for educational purposes and is in no way a tool by Tik Tok. It is just an opinion based on the popular view.

How to Make Money on TikTok in 2020

Influencer Marketing Hub Calculator TikTok Review

Influencer Marketing Hub Calculator TikTok Review

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What is a TikTok Money Calculator?

So what is a Tik Tok Money Calculator? It is a very helpful tool that helps people understand how much they can earn from doing Tik Toks. It calculates your estimated earnings from your Tik Tok account. It looks at your following and how much views you get and gives you a very good and accurate estimate of what you will earning from that account.

This means if you have a lot of loyal and active followers, you will make a lot of money in this app. A lot of followers leads to a lot of views, and a lot views leads to a lot money coming from all types of sources, for example sponsors. This tik tok calculator is not exact however its estimates are very, I mean very close to the real amount you will earn from Tik tok. It gives you good estimates of your account value.

I put in my very own personal account to test it out because I was skeptical at first. But, when I got my results of my estimate earning and matched it with my actual earning, I was shocked how close it was. I am not messing guys, it just missed out by one digit before the decimal in the estimate. It also tells you your monthly results and gives you a graph to show if your earnings increase or decrease.

What I have noticed also from these beautiful detailed graphs is that if you loose followers or don't have that much of an audience then you get less income from that account. If you have less followers this means you will get less views and less companies will sponsor you and that finally leads to less income. This leads us to our next point.

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