Content Creation is a great way to generate passive income in 2024. Other than the income it comes with a variety of benefits like you build a community around your content on TikTok, Instagram, or YouTube that can be monetized in different ways.
Today short form content is on-trend like TikTok videos, reels or YouTube shorts, and making these short-form content videos is easy and quick and doesn't require many sources. Today we will talk about how we can make money on TikTok in 2024.
Not only does Tiktok offer a variety of programs to generate income like the Tiktok Creativity Program or Tiktok Live but with a good following you can generate a lot of income ways like Brand Deals, Affiliate marketing, etc.
Let's talk about these methods:
1.Tiktok Creativity Program:
TikTok has a creativity program where Tiktok pays 500-1000 dollars per million views to creators. Revenue is calculated at the end of the month providing a stable income source. Getting a million views is easy. You just have to be consistent in uploading 2-3 videos daily at the start and be sure your video is engaging and creates interest in the audience
Requirements for Tiktok Creativity Program:
- You should be at least 18 years old
- You should have at least 10k followed
- You should have 100k video views in the last 30 days
These were the requirements you have to follow to be eligible for the creativity program.
How to get 10k followers and 100k video views?
Niche refers to the category around which your content revolves. Your niche could be comedy, education, facts, product/movie/book reviews, etc. Choose a niche that is on trend and start uploading.
In the beginning, you should post 2-3 videos daily because tiktok algorithm is designed this way that it pushes the content of new creators so try to upload as many videos as possible daily
Your video length should be between 30 to 90 seconds because long videos on these platforms are strictly not recommended. If you have a long video that you want to publish, try to publish it in parts.
Suppose you have a 5-minute video, Instead of uploading all of it once upload the same video in 2-3 parts, and if one video goes viral 70% of people look for other parts in your profile increasing your profile views and also your overall views making algorithm to favor your content
Patience is very important on this platform because there are millions of account posting daily and you will be one of them. In the beginning, maybe you will get no views but don't lose hope and keep making content because consistency is key to success.
2. Tiktok Live:
TikTok Live is another great income source from TikTok where creators can go live and entertain their audience and build their community and if you can engage the audience and provide entertainment to them you can earn money by 'GIFTS'.
Gifts are a way of showing love to creators by the audience. Viewers use money to purchase gifts and send them to a creator during live and the creator can exchange these gifts for real money.
Requirements for Tiktok Live:
- You must be 18 years old
- You must have at least 1k followers
These were the requirements for Tiktok Live.
3. Brand Deals:
Brands want to advertise their products and they hire creators to do their marketing in exchange for a handsome amount of money. Brands pay according to your following and views. So, first, create a good following by the methods mentioned above and brands will automatically come to you.
4. Affiliate Marketing:
Affiliate Marketing is another way of income source from content creation. Let's see how affiliate marketing works with an example:
Suppose your niche is product reviews and you tell people about products. You can use the Amazon affiliate program to generate income. In Amazon affiliate program, if someone buys from your link you get a 10% commission from the overall price of the product. Amazing isn't it.
You will make videos about products and give their buy links to the audience. This is affiliate marketing. Many affiliate marketing sites pay you if you bring sales to them like Ebay partner network, Semrush, CJ affiliate, Hostinger Affiliate program, and many more sites where you can earn money.
