TikTok is one of the easiest ways to make money online in Nigeria. This platform currently has over one billion monthly active subscribers over the years. As a result, most young Nigerians have dived into this business. But how can you make money from TikTok? This post will review the top 10 easy ways to make money on TikTok in Nigeria.
10 Easy Ways to Make Money on TikTok in Nigeria
TikTok is a social media app that allows you to create, share, and find short videos. Millions of short videos and audio clips are uploaded to the popular app each day.
With its captivating design, ability to integrate music and abundance of creative tools, it has become an international sensation.
Another good thing about this platform is that you can earn a living by creating a video, broadcasting, and sharing 15, 30, or 60-second videos using your smartphone.
Below are some of the easiest ways you can monetize or earn money from TikTok in Nigeria:
Selling Products on TikTok – Is one best way to Make Money on TikTok in Nigeria
You may be wondering how selling products on TikTok pays. If you’re a business owner and have a good number of followers following you on TikTok, you can start earning money from this social media platform. Create content around your product, and then watch as our revenue is boosted.
Another way to make money on TikTok is through affiliate marketing. It is likely advisable to wait while you try to increase your organic traffic if you don’t have a large following. If you can turn your followers into consumers, affiliate marketing is a win-win situation as you use links to promote goods and services online. You can earn as much as $5 for each closed sale depending on the terms.
Live Giveaways – Gift your Fans and Make Money on TikTok in Nigeria
It is surprising to see that live giveaways can actually earn you money on TikTok. TikTok also offers the chance to participate in live giveaways. You can earn an average of between $1 to $3 per giveaway.
Furthermore, you must have at least a thousand subscribers in order to access the stream feature and earn money online in Nigeria.
Offer Advertising Services
In regard to advertising services, you could be sitting on a fortune if you have a sizable TikTok following account. First, compile your analytics since this will enable you to bill brands for your true value. When the figures are in hand, search for companies who want to sell their market and provide advertising services.
Participate in Hashtag Challenge
The Hashtag challenge is another way you can make money on TikTok. The Hashtag challenges is organized to provide users with the chance to get extra money. Well-known vloggers are compensated for their services and are hired to promote the hashtag. In addition, companies can also pay creators on the platform to promote a hashtag.
TikTok Creator Marketplace
The TikTok creator marketplace is precisely where creators negotiate lucrative deals. Thus, if you want to make money on TikTok in Nigeria, you should come here. It is the official venue for collaboration on projects between creators and brands.
Here, marketers can select from a group of creators that suit the requirements of their campaign. The marketplace is similar to an influencer agency in that it makes it simple for organizations to select the partners they wish to work with.
TikTok Creator Fund – Enjoy While You Make Money on TikTok in Nigeria
You can earn from TikTok simply by creating educational content or doing live streaming which other consider useful. Additionally, the creator can choose between two monthly programs: “Live Broadcasts” and “Informative Content.”
Furthermore, content providers must apply and fulfill the conditions within a month in order to get paid in this manner.
Nevertheless, to start earning money with Tikok’s Creator Fund, you must have received at least 100,000 views on your videos within the last 30 days. Additionally, you must be a least 18 year of age and have ten thousand or more followers.
Post Ads on TikTok
Supposing you have a large number of followers and post very intriguing or funny videos with interactions from fans, that is another way you can earn money through TikTok.
As a TikTok creator, your earnings for each sponsored post are frequently determined by your following, engagement, brand overall, and ability to negotiate with companies.
You could get paid in dollars or naira for sponsored articles, depending on whether the brand is domestic or foreign.
Media licensing is the process of granting companies’ permission to use your content or video for marketing. Also, Media licensing could be a solid way for you to monetize your TikTok content as a creator in Nigeria. However, this transition does not occur frequently.
You may make money from media licensing on TikTok even if you don’t have a big audience. All you need to do is review and regularly market different products.
TikTok Account Manager – Help Manager TikToker Account and Make Money in Nigeria
Taking care of the accounts of active content creators on TikTok is another easy way for Nigerians to earn money. You can choose to either manage every TikTok account or act as a brand ambassador for a reputable business to a TikTok creator.
You might be paid in dollars or naira as an account manager on TikTok. Depending on the location of the TikTok account owner you are managing, it can vary.
How much does TikTok pay for 1k followers?
Reports show that macro influencers earn a minimum of $197 on average for each post with branded content.
So, you can turn video content you received during TikTok Lives into Diamond, which pays out at a rate of about five cents per Diamond once you reach 1,000 followers.
How many followers do you need to get verified on TikTok?
The amount of likes or followers an account has is irrelevant to us when awarding a verified badge. Yet, you should have logged in within the last six months with your account to get verified.
How many TikTok followers to get paid?
TikTok encourages well-known TikTokers to continue producing interesting content by offering its Creator Fund. You can potentially start making money as a creator if you have at least 10,000 followers and 100,000 video views in the last thirty days.
sponsored posts, brand collaborations, and affiliate marketing, Nigerian influencers and content producers on TikTok are able to support their financial needs.