Today, TikTok is one of the social networking platforms that creates the most potential online business opportunities because of its “huge” number of users. If you are a student with no capital (or very little capital), but still want to make money on this platform, don’t worry too much, immediately refer to the article from Optimalmk on how to sell on TikTok shop. No need for inventory, many people choose below!
What is TikTok Shop?
TikTok shop is an online shopping platform that allows sellers to sell products directly on TikTok. TikTok shop is gradually becoming one of the most popular e-commerce platforms in Vietnam because of the benefits this platform brings to companies and wholesalers.
Often brands will cooperate with Influencers with large followings on TikTok to increase sales. Customers can buy products by going through links that lead to other e-commerce platforms that have the product they are looking for and pay for.
To optimize consumers’ product purchasing needs, TikTok Shop customers can now select and click to buy products right on videos or livestream sessions with just simple steps without needing to buy products. It takes time to switch to other e-commerce platforms. From there, the need to buy products will arise through videos or livestreams of Creators.
How to sell on TikTok Shop without inventory
Working on Affiliate
Affiliate or affiliate marketing is a form of making money online by promoting products and services and receiving a commission for each order sold through your referral link.
With this form, you absolutely do not import goods and can still sell products on TikTok. Revenue from TikTok affiliate marketing will be calculated based on conversion rate, product value and provider commission. Depending on your ability, you can earn tens of millions or even hundreds of millions of dong.
Livestream sales
Livestream is a form of online sales by broadcasting live video on social networks. With the breakthrough development of the Live platform on TikTok, selling through Livestream is becoming more and more popular. By taking advantage of your communication and customer interaction skills, you will represent your brand and sell through livestream.
The price of booking a TikTok livestream will depend on the number of followers you have. An account with 10,000 – 50,000 followers will have a livestream fee of about 1-3 million VND for a live sales session. If an account has a higher number of followers, the rental fee can increase up to 30 million for a livestream.
One secret to making money from live on TikTok is to encourage viewers to donate, give gifts, or cooperate (colab) with other TikTokers. These prizes can be converted into TikTok coins and TikTok coins are completely convertible to money.
Nowadays, 1 cent can be converted into 200 VND. However, this level can change higher or lower according to TikTok’s exchange rate and policies.
Get Booking
Booking is a form of promoting products or services of brands on online channels. When receiving a booking, you will act as an intermediary, promoting products and services to users.
The booking process is for brands to approach accounts with a large number of followers and a high level of interaction and ask for promotional cooperation. The form of promotion can be a wall post, story, or TikTok video. Price and other terms are negotiated directly. After the account owner creates and posts content, the brand will pay the content creator according to the contract.
This form of receiving bookings is very popular on TikTok and social networking platforms such as Facebook and Instagram. The income from receiving bookings is also quite high if you receive requests from big brands. This is a popular form of income for celebrities and inspirational figures.
Make Dropshipping
Dropshipping is emerging as a potential e-commerce business model, especially in the context of TikTok’s increasingly diverse stores. With the added advantage of no need for warehousing, low risk and good investment cost, dropshipping is the perfect choice for those who want to start an online business.
So what is Dropshipping? Simply put, Dropshipping is selling goods without shipping. The way Dropshipping works is that you open an online shop and sell products you like. Then, find a reputable service that carries the product you intend to sell. When you shop through your store, you transfer order information to this supplier. They will be responsible for packaging and shipping the product directly to the customer.
Your profit is the difference between the price on the shop and the manufacturer’s product price. As you can see, dropshipping on TikTok store is a very effective and convenient method of selling without importing goods.
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