How to Make Money on TikTok in Canada
In this post, I will explain how can you make money in Canada while TikTok’s creator fund is still unavailable, TikTok creator fund is not the main source of income for Top TikTokers.
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How to Make Money on TikTok in Canada
The most popular way to make money on TikTok in Canada includes TikTok Live, Sponsored Posts, Affiliate Marketing, and Selling your own products. You can also sell your merch by connecting TikTok with an E-commerce store.
Here, I will explain 7 different ways that you can make money from TikTok if you live in Canada.
As we already know, the Tik Tok creator fund is not available in Canada. But, there are several other ways to make money on TikTok.
1. Go Live On Tik Tok
If you have over 1000 followers on the app you can go live and people that join your live stream can give you donations or gift coins.
When you get these gifts you can actually exchange them for real-world cash that said it takes quite a lot to earn any significant amount of income by doing this.
How much money? If you have thousands of people joining a live stream and making donations you can probably earn a decent amount of cash from this. But, if you only have a following of around 5 000 or so, and only you know 50 or 60 people join your live stream you’re not going to actually make any substantial amount of money.
There is a solution, apply the following option.
2. Invest in TikTok to Make Money on TikTok
You don’t have enough followers? Don’t worry, Invest to generate money. This may sound a little bit odd but think of your TikTok account as a property. Invest in your property and rent it out to get your money back.
How?
- Firstly, Make several posts over the period of 2 weeks, these posts must be engaging and have a high chance of going viral. Please don’t just post anything as it will not work and you will get disappointed.
- Explore what is trending on TikTok and create video clips accordingly to your niche and trend.
- Dm other small(1-2)k TikTokers in your niche and ask for Collaboration, in return they will not ask you any money, as they are on the same journey to success as you. This collaboration will instantly give you a good following.
- Now is the time to invest actual cash, approach big tiktokers with 50k plus followers, ask for the shoutout, and they will ask you cash in return. Do it. It is an investment.
The shoutout can make your video go viral, and people will start following you and ultimately grow your account.
After receiving few followers, focus on creating videos with high engagement.
This method will surely grow your account and gain you a good following, you can reap the rewards for years to come.
3. Shout Out Methods
Having a decent following can be rewarding, you will start receiving DMs from other TikTokers for shoutouts, and sometimes small brands. In return, you can easily get paid. in the form of Free branded Items of a cash amount.
But, there is another way to make money with Shoutouts.
You can monetize your TikTok account by putting a simple ad on Fiverr.com as follows:
- Name of account: xyz
- Followers: 50ks
- Post Type: Permanent
- Shoutout amount: $50.
- Niche: any
The above idea of posting ad-on fiver can do wonders if are consistent with posts, and you have many videos with high- engagement.
Bonus read: How to get first 1000 followers on TikTok
4. Sponsored Promotion
You can do sponsored or promotional content, this is where a brand will reach out to you or you will reach out to a brand to offer your services.
You both will come to an agreement where you do video promotions for the items they are selling. It can be a product, a service whatever and in exchange, they’ll actually pay you with cash, and with free Products.
This is one of the most lucrative ways to make money on Tik Tok, but you have to have a relatively large audience.
For this, if you have only 10k followers on Tik Tok that’s not really that much for promotional or sponsored content.
You should aim to acquire over 50k followers, in order to make real money from doing this.
Also Read: how long does it take to view on TikTok?
5. Affiliate Marketing
Affiliate marketing is an easy way to make money and all you have to do is post a link in your bio.
One of the easiest ways is to promote amazon’s affiliate products.
You can recommend a product or a service and if people click through that link and buy something you’ll get a commission off of that sale somewhere between 1% and 10%. TikTok viewers love to support good content creators.
If you’re using amazon affiliates it’s a decent way to make money and if you have a lot of followers and a lot of people visiting your profile page even if you get a small conversion rate of one percent or less you could potentially earn a lot.
6. Sell your Own Product.
You can create an online store or services through the app if you create an eCommerce store you can put a link to that in your bio and then people can click through that and buy from you.
But, you will have to be consistent in producing content. For Example, if you do very few posts during a week like 3-4, and you are planning to promote your product through a post then it is not a good idea.
People can pick on someone trying to sell his stuff only, as they have followed you on TikTok because of your content.
So, you can use your following and leverage by serving them first.
Obviously, selling yourself is actually going to be a lot more work, but you can earn a lot more money doing it too. Whereas, with an affiliate link you might only make one to ten percent per sale per commission.
If you’re actually selling your own products you know the sky’s the limit. It really just depends on how low you can keep your cost.
7. Sell Your TikTok Account
You can sell your TikTok account, if you generate a large enough following you could potentially find someone that’s willing to pay you actual cash to take over the control of your Tik Tok account. This is a very smart way to monetize your skill.
In order to figure out how much you can earn by selling a Tik Tok account.
Visit websites www.fameswap.com and even if you have a following in the hundreds of thousands.
We’re only talking about a couple hundred to a couple of thousand dollars here in exchange for a whole Tik Tok account.
It is not one of the best options, but it is workable.
Pro Tip: selling online or earning online is done through trust, to build that trust with your audience. Put a nice picture and a nice bio that actually features your life in general.
If you make a Business to run it using TikTok, you can absolutely get successful by following the above methods.
Learn Here, How often you should post on TikTok
In Conclusion
If you have tried and tested any of the above methods to make money, you will realize it is not hard to get traffic from TikTok compare to other big social media platforms like FB and Instagram, as the platform is relatively new. However, this window of opportunity will not remain open forever. Apply the following techniques to gain followers and increase your presence
