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Four (4) key ways to make money with your TikTok App

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TikTok, known in China as Douyin, is a video-focused social networking service owned by Chinese company ByteDance. It hosts a variety of short-form user videos, from genres like pranks, stunts, tricks, jokes, dance, and entertainment with durations from 15 seconds to three minutes.

In a very short time, TikTok has become a social network used by millions of people worldwide.

It has gone from being a simple social entertainment network to a platform where you can earn money thanks to your content and community.

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So if you are looking to monetize your content on TikTok and make money through this social network, this is your post. Keep reading!

4 ways to make money with TikTok

Yes, you can make money with TikTok in several different ways, and I am here today to tell you five of them so that you can choose the one that best suits your content strategy.

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1. Using the TikTok Creator Fund

TikTok launched its own creator fund where people who post content on regular basis can generate income. In this way, TikTok wants to encourage the use of the tool to true content creators.

You heard it right. If you create content on a recurring and successful basis within this social network, you can earn money through its creator pool.

Prepare your marketing plan on TikTok, unleash your creativity and monetize your TikTok profile.

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2. Collaborating with brands

Surely you have already heard of this type of action. So far, it has been seen on Instagram, and it will undoubtedly continue to develop on other social networks.

Contact brands that you like or are related to your strategy and image to collaborate with them and thus monetize your TikTok profile.

Close collaboration agreements in which you promote their services or publish content using their products. You will be able to generate income without leaving your TikTok profile.

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3. Live streaming on TikTok

Did you know that you can earn money on TikTok with your live broadcasts?

Accounts with more than 1,000 followers on TikTok can start live streaming and monetizing their videos.

Users can buy coins that they later give away to users who are making live videos. When content creators make live videos and receive donations or coins, they can after exchange them for real money.

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It is similar to Twitch. Does it sound familiar?

4. TikTok Creator Marketplace

This is the official platform for brands and content creators to collaborate on TikTok. The marketplace creator provides a faster way for you to monetize your work.

Access TikTok Creator Marketplace

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Advertisers find influencers or content creators who can promote their brand or specific products, and the platform offers data, tools … to make collaborations between both parties easier.

And these are the ideas that we offer you on how to monetize your TikTok account. Do you use any of them?

Source: metricool.com

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Business

Cocoa Processing Company lost $7.9m in 2020

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Photo by Getty images-credit: bedo
Photo by Getty images-credit: bedo

Cocoa Processing Company Report lost $7.9m in 2020

A loss of $7.9 million was reported by the Cocoa Processing Company plc (CPC) in 2020,

while the company’s revenue plummeted from $28,433,361 in 2019 to

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$13,645,898 in 2020, according to CPC.

Cocoa pods and their shells, as well as other agricultural waste, will be used to

power the company’s Combined Heat Power into a Biomass Plant.

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The 18-month project is estimated to lower utility costs by 28% in the first year and

by 63% in the following years when payment of the loan facility is completed.

The plans of Cocoa Processing Company

It is also seeking and establishing new markets in Rwanda, Kenya, Angola, South

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Africa, and the United Arab Emirates, which the firm is actively pursuing. Golden

Tree goods are being discussed at a high level with the Head of Missions of these countries.

Address to the company’s annual general meeting on Friday in Accra

Chairman of the Board of Directors Mr. Kwaku Owusu Baah made the announcement.

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In 2020, the firm lost $7.9 million, compared to a loss of $259,358 in 2019.

Turnover decreased from $28,433,361 in 2019 to $13,645,898 in 2020, a significant decrease.

As part of its efforts to improve plant and machinery efficiency, Buhler Company Limited,

one of the manufacturers of cocoa plant and machinery, has been approved

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by the company with the help of the government to discuss technical support

for the retooling of some processing equipment to order to achieve

efficiency and increase revenues, according to Mr. Baah.

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As a result of the COVID-19 epidemic, governments throughout the world

implemented limitations on mobility, such as curfews, borders closed, and travel

bans, to prevent the virus from spreading.

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The Chairman of the Board noted that these actions had a detrimental effect on all

industries globally and that the firm was particularly hard hit since it was unable to

export $20.8 million worth of semi-finished cocoa goods.

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While the pandemic and aging manufacturing equipment contributed to increased

downtime and associated expenses, “he said,” he added, “these events caused

difficulties for the company’s operations during the year under review,” he said.

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When Nana Agyenim Boateng I was CEO of the firm in 2018/2019, cocoa beans

supply erratic hampered the company’s estimates and as a consequence,

the company could only process around 50% of the previous year’s production.

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The demand for chocolate confectionery items, on the other hand, he said,

he said, had a significant impact on confectionery sales.

According to him, this was due to increased public knowledge of the immune-boosting benefits of cocoa used.

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There were major setbacks in profitability and development, Nana Boateng added,

as a consequence of uneven beans supply as well as issues with plant and gear efficiency.

As Nana Boateng said, “the Board of Directors and Management will continue,

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as vowed always, to pursue our aim of turning your firm around into a viable enterprise.”

Source: GNA

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