How to Make Money Through TikTok Live Streaming

[Mika]

There are different ways to make money on TikTok and one of the easiest ways to make money is through TikTok live streaming. If you use Tiktok and if you have at least 1000 followers, you can use the following methods.

1. Sponsorships: Even though you can start live streaming when you have minimum 1000 followers, you need substantial number of followers to monetize your live stream. You can get a lot of sponsors or high paying sponsors if you have a lot of followers and a lot of people join your live streams.
2. Donations: It is strictly prohibited to ask for donation, however, if you receive donations voluntarily, this can also be a good way to monetize your live streams.
3. E-commerce: During the live stream you can sell your product or service. Tiktok supports social ecommerce.
4. Promotion: You can also use TikTok live streaming to promote other revenue-generating activities such as music or merchandise, virtual events, memberships, etc.
5. Live Gifts: You can receive “Gifts" from users during the live streaming. If you are a good content creator, and if you have loyal followers, this is also a good way to make money on Tiktok. Your followers first have to buy “Gifts” from Tiktok store and then send them to you. You can exchange these gifts for cash.

 

[Jasmine]

TikTok has a live streaming feature (opens when you reach 1000 followers) that allows you to earn money through donations and virtual gifts from other tiktok users who join your lives stream. you can earn through multiple methods, such as:
Influencer marketing: You can earn money by promoting products or services during your live streaming. This option is available only when you have a huge following and a lot of people join your live stream. (You need a lot of followers to convince businesses).
Affiliate marketing: You can share your affiliate link, talk about the product and encourage your viewers to use the products. If they buy the product form your link, you make money.