Everyone is using social media. In fact, out of 10 people, at least seven people would be using social media. It has become a part of life; some are so addicted that they cannot live without accessing social media. Such people are always logged in Fcebook, twitter, snapchat, Linkedin, Tik tok, etc, and are always active even no matter if they are working or doing some critical tasks. Social media is also being used as an online platform for advertising and marketing and thus creating a good income. People, rather paying huge money to advertiser are paying facebook and twitter for their ads.
As per the recent studies, Facebook is having more than 2.5 billion monthly active users. Twitter reported that it has 320+ million monthly active users, while linkedin has about 260 million monthly active users. These social media companies are making money mainly from advertising. In this blog, i will be sharing facts of one of the social media platform which is little new if you compare it with Facebook and Twitter.
You must have heard about facebook, twitter, linkedin, etc. Also, everyone is aware how to earn money from facebook ads and twitter ads. In this blog, i will share details about video sharing platform TikTok which is currently the most hot topic in social media. As per the latest report, TikTok is having more than 2.5 billion views daily.
TikTok is a video-sharing social networking service owned by ByteDance, a Beijing-based company founded in 2012 by Zhang Yiming. It is used to create short lip-sync, comedy, and talent videos. TikTok app was launched in 2017 for iOS and Android. The application allows users to create short music and lip-sync videos of 3 to 15 seconds and short looping videos of 3 to 60 seconds. TikTok was the most downloaded app in the US in October 2018, the first Chinese app to achieve this. At the end or 2019, TikTok was available in over 160 countries and in 75+ languages. TikTok was declared the 7th most downloaded mobile app of the decade, from 2010 to 2019.
Features of TikTok
The TikTok mobile app allows users to create a short video of themselves, which often feature music in the background, can be sped up, slowed down or edited with a filter. To create a music video with the app, users can choose background music from a wide variety of music genres, edit with a filter and record a 15-second video with speed adjustments before uploading it to share with others on TikTok or other social platforms. The “for you” page on TikTok is a feed of videos that are recommended to users based on their activity on the app. Content is generated by TikTok depending on what kind of content a user liked, interacted with, or searched. Users can also add videos, hashtags, filters, and sounds to their “saved” section. This section is visible only to the user on their profile allowing them to refer back to any video, hashtag, filter, or sound they've previously saved. TikTok employs artificial intelligence to analyze users' interests and preferences through their interactions with the content, and display a personalized content feed for each user.
How to Earn Money from TikTok
TikTok is being used to sell and promote produts and ventures. As compared to Facebook, instagram and twitter, TikTok does not charge and is absolutely free way to promote and sell product and services, or to promote your existing business. Consider my example, i was good in making and designing websites. I uploaded a 15 sec video clip, in the video clip i displayed by websites which i had created for some small and Large companies. At the end of the video, i had mentioned my email id and cell number. Next day, my mailbox was flooded with enquires, i got at least 110 enquires on my website work. Out of the 110, i created websites for 39 new companies. Becauase of TikTok my sales increased to 70%. By putting up a video that’s fun, funny, creative, attractive, interactive or musically great, you’ll attract attention – and then you can have a few frames at the end pitching your product or service.
Cross-promoting your promotions on you other platforms like facebook, twitter, snapchat, instagram, linkedin, etc, e.g. if you make a good income from facebook ads or twitter ads, you can actually use your TikTok channel to bring people over to your facebook ads and twitter ads.
Since TikTok is being used by younger audience, age ranging from 18-28. There is lot of scope for students to start their own business or store with the help of TikTok Videos. Young people can showcase their talents like dancing, singing, aerobics, marshal arts. Below are some of the TikTok users who are earning hundreds and thousands of dollar per month, thanks to TikTok.
- 17-year-old Americal teenager singer Loren Gray is earning close to $175,000 per post, she has more than 35 million followers in TikTok. Her posts have received over 2 billion likes.
- 19-year-old indian teenager Aashika Bhatia is earning close to $973,720 per post. She has close 194 million followers.
- Amercian Kristen Hancher's net worth is close to $11,400,00, thanks to TikTok. She has more than 23 million fan followers. She lives in L.A. mansion where some of the top celebrity are staying.
- Not only human beings, even animals are earning. Owner of canine Jiffpom is number 10 in the rich list. This canine has more than 20 million followers. The potential earning is close $100,000 per sponsored post.