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Learn and Grow

Updated: Aug 23, 2021

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Today’s issue is all about TikTok. If you’re not using it to build your brand or audience, you’re missing out. As we’ll explain, the social media platform is one of the best tools entrepreneurs can use today… Here’s everything we’re covering this Wednesday morning:

  • 3 Strategies for Monetizing TikTok in 2021

  • Reddit Announces Its Own TikTok Competitor

  • 12 Steps to Building an eCom Site

  • Overcome Self-Doubt - 5 Tips

  • 3 “Personal Finance” Tips for Entrepreneurs

Now, let’s dive right into how you can start making money from TikTok today...

Over 100,000+ Successful Businesses Are Waiting To Partner With You! From my own personal experience, partnering with other already successful businesses is one of the easiest ways to earn money online. These businesses have already done a lot of the heavy lifting for you - which means it’s easier for you to profit! Discover more about how to partner with 100,000+ successful businesses here

3 Ways to Make Money From TikTok Build Your Audience, Leads, and Sales... Last week, news broke that TikTok was officially the most downloaded app in the world in 2020. A recent report pegged the number of monthly active users at 689 million. In the United States alone the app has more than 100 million monthly active users. And those users are HIGHLY engaged. Across all social media platforms, TikTok has the highest average engagement rate per post. According to Statista, the average U.S. user spends more than 850 minutes on the app every single month. That’s over 14 hours. For entrepreneurs, this is a massive opportunity. You’ll be hard pressed to find a more captive audience. That’s why we’re bringing you the top 3 ways to make money from TikTok starting today…

#3 - Sell Your Own Products or Services The benefits of this strategy is that you keep 100% of the profits you generate. If you already have a product, it is almost a no-brainer to start creating content on TikTok for people in your niche. If you don’t have a product already, you can start by creating an eBook, or a similar low-ticket offer and testing it out on the platform. For example, if you're in the fitness niche, you could write an eBook about how you lost weight. Then, you would create helpful fitness videos. When people watch your videos, they'll see you have a link in your profile to get more in-depth information in your book. The same can work for coaching and consulting businesses…

#2 - Use TikTok Ads This isn’t technically making money from TikTok content, but it is a HUGE opportunity. Remember those engaged user statistics we just shared? Want to get your content in front of as many of those people as possible? TikTok ads could be perfect for you. By creating short 15-second videos, you can advertise any type of business or service. TikTok ads can be highly targeted too. Right now, the platform auto-enrolls users into personalized ads based on their scrolling history and interests. According to a report from Ad Age, 57% of millennials have purchased an item featured on TikTok, along with 37% of Gen Zers. Not to mention, the hashtag #TikTokMadeMeBuyIt has over 4 BILLION views. Talk about a captive audience…

#1 - Affiliate Marketing This is the best strategy for monetizing almost any social media platform. It can be very successful on TikTok as well. With affiliate marketing, you sell other people's products in exchange for a commission. After finding the niche you want to target, you can find products you’d like to sell for a commission. One of the most popular on TikTok is the weight loss niche, so we’ll use that as an example. You could find someone who's created a weight loss course that they sell for $100. If your commission is 50%, you earn $50 every time you recommend that product and make a sale. TikTok has introduced features that allow users to link to SOME third-party sites in videos, but not all. What you can do instead is add links to your profile. In your videos, you can encourage people to click the link in your profile to see the offer. Every time someone makes a purchase through that link, you’ll get a commission.

Send People To FREE Classes & Earn Passive Income One of the biggest challenges to making money online is creating a product of your own. It’s much easier to partner with other successful businesses. All you have to do is give away their free classes and collect commissions. See how it’s done - FREE book & training

Reddit Creates Its Own TikTok Competitor Here’s How You Can Take Advantage... Another week another social media platform introduces a new feature to compete with TikTok. Reddit announced this week that most iOS users should now start to see a new button in their app that will show a feed of short videos when clicked. Like other Reddit posts, users can upvote or downvote the content, comment on videos, and even gift “Reddit awards.” There’s no timeline on when this new feature will be available to everyone, but we’ll keep you posted as we learn more. Here’s what a Reddit spokesperson told TechCrunch“Reddit’s mission is to bring community and belonging to everyone in the world, and subsequently, Reddit’s video team’s mission is to bring community through video.” There’s still a lot to learn about the new feature, but one thing is clear. Short form video content is here to stay. Every single social media platform has either introduced their own competitor to TikTok, or is working on one. For entrepreneurs, solopreneurs, and marketers, this type of video content is increasingly becoming one of the best ways to build your brand and attract an audience. We’ll keep you updated on this story as we learn more. In the meantime, you can read more about the Reddit features at TechCrunch...

Lurn Bytes: Entrepreneurship Around The Web

  • 12 Steps to Building an eCom Site: It’s no surprise to Lurn Daily readers just how quickly the eCommerce industry is growing. Some experts expect it to reach $2 trillion in the next several years. If you’re looking to get into the space, here are 12 steps for starting a successful eCom website...

  • Overcome Self-Doubt - 5 Tips: Entrepreneurship can be lonely at times. And during those periods it can be very easy to doubt yourself. Especially when you’re making so many decisions at once, or when your results aren’t what you hoped. Here are 5 ways to overcome that self-doubt...

  • 3 “Personal Finance” Tips for Entrepreneurs: Our businesses take up a large portion of our energy, focus, and frankly, our lives. Because of that, many of us fall into the trap of ignoring our personal finances. Here are 3 tips if you’ve been neglecting your personal finances...

Entrepreneur Quote Of The Day

Image Source “Whenever you see a successful business, someone once made a courageous decision.” – Peter F. Drucker, Author

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