Last Updated on October 4, 2022
Read this in-depth guide attentively to understand the steps involved to make money on TikTok in Nigeria.
In order for you to have a firm understanding of making money on Tiktok, let me give you an overview of TikTok before I walk you through the procedures involved in making money on the platform.
TikTok is an additional social media network that was launched in 2018 along with Facebook, Twitter, and Instagram.
The social media network has grown to have more than 180 million monthly users and more than 200 billion downloads annually.
With this number, it is obvious that with the appropriate strategy, one may earn money on TikTok.
A well-known social networking site called TikTok lets users use their cellphones to record, broadcast, and share 15, 30, or 60-second videos.
With millions of short clips and music sound effects being submitted every day, the popular app is well renowned for its high levels of interaction.
Does TikTok pay Nigeria? is a topic that many Nigerian users of the app have been asking about. The fact is that TikTok pays Nigeria and other nations that the site has authorised. After addressing this, let’s go on to our post on how to monetize TikTok in Nigeria.
The benefit of TikTok is that, as long as you take the necessary precautions, you may earn money on the site even as a teenager.
Many Nigerian superstars make enormous sums of money just by producing and uploading videos, influencing their following, and spreading their material online.
How to Make Money on TikTok in Nigeria
Here are several various methods to monetize your TikTok account in Nigeria.
1. Offer Goods for Sale
If you are a content producer, this is one of the quickest methods to earn money on TikTok in Nigeria. If you have a large following and a quality product to offer, selling goods may also make you one of Nigeria’s best-paid TikTok creators.
On TikTok, you may offer a variety of items as goods. You may market everything that is in style, including clothing, jewellery, shoes, and bracelets.
All you have to do to boost sales is advertise your products in your videos, and after your subscribers have made a purchase, you can have the items delivered to their homes.
You may earn money selling goods in either dollars or Nigerian naira depending on the number of followers and the nation where most of your followers are from.
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2. Affiliate Promotion
Affiliate marketing is another excellent strategy to monetise your TikTok account in Nigeria. You may earn money with affiliate marketing without having 10,000 followers.
You only need a select number of devoted followers. For instance, if you have between 1000 and 5000 followers, you may utilise affiliate marketing on Nigeria’s TikTok platform to make money.
if you do not understand how affiliate marketing works. The act of advertising things online via links in an attempt to persuade customers to use or buy them is known as affiliate marketing.
If your followers use these affiliate links to buy these products, you will be compensated. Imagine receiving $5 for each sale with your affiliate marketing programme.
The sum would be $5000 if a thousand followers had each made the same purchase.
3. Buy & Sell TikTok Accounts
Despite the fact that this way of earning money on TikTok in Nigeria is not widespread, many Nigerians still do so. TikTok is a social networking app like any other.
Account purchases are made for a variety of reasons. This is the reason why many Nigerians are now setting up TikTok accounts that are growing purely for commercial purposes.
You may purchase a TikTok account right now, hold onto it for a few months, and then sell it for more money. If you find the appropriate customers, buying and selling TikTok accounts might be profitable.
4. Advertisement Posts
If you have a large following and publish videos that garner views and interactions from your fans, this is another method that many TikTok producers in Nigeria fast get compensated.
A sponsored post is what? Just in case you are unfamiliar with it or have never heard of it before. In a paid ad, you are offered money to use your video to promote a product or service.
The amount you are paid for each sponsored post as a TikTok creator often relies on your following, your brand as a whole, engagement, and your negotiating skills with businesses.
On sponsored posts, you may be paid in naira or dollars depending on whether the brand is a national or international one.
5. Media Licensing
Giving businesses permission to use your material (video) for marketing is known as media licencing. As a TikTok creator, media licencing may be a dependable source for you to make money on TikTok in Nigeria.
This change does not, however, present itself often. On TikTok, you don’t need a large following to profit from media licencing. All you have to do is consistently advertise and evaluate various goods or products.
6. TikTok Creator Fund
There are numerous standards that you must meet in order to earn money from the TikTok creator’s fund. This criterion is rather more stringent than the one on YouTube.
Here are the requirements for utilising the creator fund to earn money on TikTok in Nigeria:
1. Age of 18 or older
2. Have ten thousand fans
3. Have accumulated 100,000 video views in the last 30 days.
4. Post original videos in accordance with TikTok’s policies.
As you can see, earning money on TikTok requires patience. As a result, we won’t refer to it as a fast method to earn money on TikTok, but it is a long-term investment you should think about.
You will reach this level sooner than you anticipate if you keep producing content on the things you like doing. Many African creators on TikTok are mostly paid via the creator’s fund.
You may withdraw your money after you reach the threshold.
7. Ask for Donations/Contributions
Nevertheless, this seems uncomfortable. It is another option to monetise your TikTok account in Nigeria. Many individuals believe that asking for contributions from TikTok users, particularly their fans, is disrespectful or humiliating, however, this is untrue.
I am aware of well-known TikTokers that solicit money on the app. Many of them accept donations from their fans through PayPal and other online payment methods.
Before you may ask for donations as a content creator, you must have a good reason. One example is a TikTok user who uploads videos about travelling the world.
You may enlist the help of your fans by requesting contributions in order to fund your journey to farther-flung locations than you have ever visited in order to provide them with more content.
Your admirers will contribute money on your behalf because they want you to keep posting videos.
8. TikTok Account Manager
Another simple way to make money on TikTok in Nigeria is to manage accounts for active content creators. This creative management service’s depth.
You may either oversee all TikTok accounts or represent a well-known company to a TikTok creator. As an account manager on TikTok, you may make money in either dollars or naira.
It depends on where in the globe the TikTok account owner you manage is located.
9. TikTok Video Editing
Do you know that you may work as a video editor on TikTok in Nigeria? Yes, given that TikTok is all about sharing amusing short films, you may assist busy TikTok artists with video editing.
Even while each TikTok creator has their own vision for how their movies should seem, you may alter them to match that vision and, if feasible, give them a more polished appearance.
You need a phone with a large storage capacity to be able to download videos from the internet and transmit them after editing if you want to become a TikTok video editor.
If you are serious about using this expertise to generate money, you need also to learn how to edit movies properly. One of the quickest ways to make money on TikTok is as a video editor.
10. Earn Cash from Likes and Comments
Like many social media platforms, TikTok feeds on likes and comments. Because of this, TikTok producers depend on comments and likes on their videos.
By liking and commenting on other producers’ videos on TikTok, you may earn money. Although it is impossible to estimate how much you may make by liking and commenting on videos, this TikTok money-making strategy still has a lot of potential, particularly if you have plenty of free time and enjoy viewing videos.
TikTok continues to expand every day. You can start to make money on Tiktok before a large number of other Nigerians start swarming the short video platform in search of making earnings.
The platform has continued to gain recognition by garnering billions of followers and if you start now and learn more about the platform in a bid to make money from it, your Tikot future might just be very sunny.
This concludes the article. Please let me know if I missed anything in this article in the comment below.