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How to make money on TikTok with affiliate marketing

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How to make money on TikTok with affiliate marketing

Many people perceive TikTok as a creative outlet allowing them to generate out-of-the-box content and providing a unique way to communicate and have fun. However, there’s more to TikTok than just having fun and unleashing your creativity. Today, TikTok is becoming the go-to social platform for brands to get discovered, interact with their audience, and build rapport with them. This post will teach you how to make money on TikTok with affiliate marketing and what strategies you can leverage for TikTok monetization.

What you need to know about TikTok

Tik Tok is gathering momentum and more and more digital entrepreneurs are looking for ways to use it to their advantage, and affiliate marketers are no exception. 

So, what is TikTok, and what makes it a good fit for business?

TikTok is a video-based platform that originated in China in 2016. The platform allows users to create short videos ranging from fun videos and memes to knowledge-sharing content. The app is on the rise and has over 800 million monthly active users as of November 2020 which makes it the 6th largest app in the world.

Here are some other facts about TikTok marketers need to know:

  1. The total number of TikTok downloads is over two billion as of April 2020.
  2. The app has won the hearts and minds of teens all over the world with over 40% of its users aged between 16 and 24. 
  3. The number of adult Tiktok users is also rapidly increasing. From October 2017 to March 2019, the number of adults users soared from 2.6M to 14.3M
  4. On average, TikTok users spend over 50 minutes per day on the app and over 90% of its users visit the day more than once per day.

The specific audience makeup of TikTok greatly determines which niches are popular on the platform. According to Statista, the following niches are currently on a roll on the platform:

  • Entertainment 
  • Dancing
  • Pranks
  • Fitness/Sports
  • Home reno/DIY
  • Beauty/Skincare
  • Fashion
  • Cooking/Baking
  • Life hacks/ Advice
  • Pets
  • Outdoors
Source: Statista

However, almost any brand in any niche can use TikTok for business. The key is to use the platform to build relationships with your audience, not hard-sell. For this, you need to create content that will resonate with your followers and provide some extra value.

Here are some types of content that are likely to strike a chord with TikTok users and garner a lot of attention:

  • Memes
  • Educational content. TikTok is now investing a lot of effort into promoting the #LearnOnTikTok program to overcome the effects of the Covid19-pandemic and facilitate learning.
  • Videos dedicated to a special occasion
  • Recipes
  • Life hacks or quick tips
  • Behind the scenes content
  • Decor ideas
  • Beauty and fashion tutorials
  • Social media challenges, etc.

Affiliate marketing on TikTok

TikTok can be a goldmine almost for any business, including your affiliate venture. However, like any social media, the app has its pros and cons for affiliate marketing. 

The platform can boast a huge and increasingly growing international audience, so there’s a lot of money-making potential in it.TikTok is dominated by young people aged 16-24. So, you may waste time and money if you’re targeting older audiences.
TikTok is focused on video content that proves to be the most viral and most effective type of content for any type of marketing.The platform doesn’t allow adding clickable links to TikTok videos.
The platform makes it easy to reach your audience and boost engagement thanks to the hashtags features.Not all TikTok accounts have the option of placing a link in their bio.
TikTok is great for accumulating user-generated content.TikTok ads can be quite pricey.
The platform is still gaining momentum, and the competition is relatively low. Make sure you jump in before it gets too crowded.
TikTok content is easy to create.

So, you’ve weighed all the pros and cons and decided to give affiliate marketing on TikTok a try. Now, it’s time to learn how to boost your affiliate business with the app.

Here are two main ways to use the platform to grow your affiliate business. You can use organic content or paid advertising to propel the success of your affiliate campaigns. Let’s take a closer look at both.

Organic content 

How can you use organic content to do travel affiliate marketing on TikTok? TikTok can be a powerful tool for driving traffic to affiliate content on your website or social media.

We’ve already mentioned that not all TikTok accounts have the option of placing affiliate links in TikTok bio and you can’t embed clickable affiliate links in TikTok videos.

Fortunately, there are several ways to get around this problem:

  1. Add YouTube and Instagram links to your profile and nudge your followers to follow you on other social media that allow placing affiliate links.
  2. Another way is to use promo codes in your videos.
  3. Switch to the Business account to add an URL to your bio.
  4. You can also add a non-clickable URL to your content description.

It’s also important to keep in mind that organic reach is one of the most vital factors determining the success of your affiliate campaigns on TikTok. This is because it allows you to build long-lasting relationships with your audience and boost brand awareness and engagement.  

Here are some hands-on tips to increase your organic reach on TikTok.

  1. Post consistently and frequently as the app’s algorithm favors it. Fortunately, you can do it hassle-free thanks to the platform’s advanced editing features.
  2. Create top-notch compelling content that may be useful or entertaining for your audience.
  3. Interact with content relevant to your niche. Linking and commenting on videos related to your niche can help you reach out to more people and attract more attention to your content.
  4. Invite your audience from other social media to follow you on TikTok.
  5. Create useful lead magnets to capture email addresses and boost your subscriber list.
  6. Find out what’s trending on TikTok and tap into the trends.
  7. Use relevant hashtags to help people discover your content.
  8. Start your own trend or challenge and invite people to join in.
  9. Team up with other creators.

TikTok advertising

To yield even better affiliate results and reach out to more people, you can leverage TikTok advertising. TikTok provides lots of advertising options to help brands hit their marketing goals. 

TopView Ads

This ad format is best-suited to garner the undivided attention of users. The ads are full-screen videos up to 60 seconds long, with auto-play and sound. eBay used this ad type to reach out to young people in the UK and promote their #StrongerAsOne campaign. According to TikTok, the campaign resulted in over 17 million impressions. 

Source: TikTok

Brand Takeover ads

These are full-screen video ads presented to your audience as soon as they open the app. There are multiple creative options in this ad type which supports both 3-second JPG and 3-5 second videos. Too Faced launched their TikTok ad campaign to grab the attention of the Generation Z women in the UK. The campaign resulted in 7.8 million impressions and 1.3 million clicks to the product page. 

Source: TikTok

In-Feed Ads

This ad type provides a seamless advertising experience allowing marketers to embed their video content into users’ For You feed. The video can be up to 60 seconds long, and it allows users to comment, share, and like it. So, this ad type is a perfect tool to boost engagement. For example, MadBox used this ad type to promote the Idle Ants game and witnessed a 36% increase in the conversion rate and over 10K app downloads within the first week. 

Source: TikTok

Branded Hashtag Challenge

These ads help marketers get more exposure, increase brand awareness, and aggregate tons of user-generated content. Branded Hashtag Challenges are highly effective as they encourage people to unleash their creativity and skyrocket engagement levels.

To launch a Branded hashtag Challenge campaign, you need to invite your audience to create content under your branded hashtag. Converse used this ad format inspiring users to turn their Converse sneakers into “creative canvas” and managed to drive over 24 million views and 1.8 million clicks to the challenge page. 

Source: TikTok

Branded Effects

Branded Effects is the go-to ad type for entertaining your audience and boosting brand awareness and engagement. It allows creating and sharing custom-made stickers, filters, and special effects. Here’s an example of how Mucinex, a cold and flu medicine, managed to generate over 5.8 billion video views and accumulate over 500+ user-generated videos with their #BeatTheZombieFunk campaign featuring the brand’s mascot.

Source: TikTok

How to promote affiliate programs on TikTok

TikTok provides a wealth of money-making opportunities for affiliate marketers. So, to win big on the platform and uncover its monetization potential, make sure you start early and tap into the latest trends. You also need to leverage both organic content and paid advertising for TikTok affiliate programs promotion.  However, the key thing is to develop a fun and engaging approach to affiliate marketing that will strike a chord with the TikTok audience and bring you long-term business rewards.