TikTok can get you wondering: Where did the ultimate hour go as you scrolled via micro-videos of choreographed dance challenges, baffling illusions, make-up tutorials, laughing babies, sensible jokes, and who is aware of what else?
Also, how to make money on TikTok? And is this a project you’d prefer to pursue — going from viewer to creator? Here’s what you want to know
Table of Contents
- 1 How much do Tiktokers make in 2022?
- 2 How to make money on TikTok live
- 3 7 realistic ways to make money on TikTok
- 4 How many followers do you need to make money on TikTok?
- 5 Do you have to be verified to make money on TikTok?
- 6 What is the TikTok creator fund?
- 7 How much money can you make from TikTok creator fund pay?
How much do Tiktokers make in 2022?
Brand partnerships on TikTok can make you upwards of $80,000. That’s proper — if you’re a huge adequate creator (with a massive and engaged target audience and a song file of success on the platform), you can purchase a highly-priced auto with your salary from one video.
As for the TikTok Creator Fund, you can earn between 2 & 4 cents for every 1,000 views. This ability you would possibly assume $20 to $40 after accomplishing a million views.
How to make money on TikTok live
1. Get Donations from Your Followers
One of the methods to make cash the usage of the TikTok stay circulate is to take donations from your followers. However, this does not work like ordinary donations. It is an ability that your followers can not get at once to ship cash into your financial institution account. Instead, they can tip you with the aid of sending TikTok money that they’ve bought the usage of challenging cash.
Once you have gathered ample coins, you can convert them into diamonds, which can be converted into real money with the usage of PayPal. However, you can solely payout this cash as soon as you have accrued at least cash worth $100 in your TikTok balance.
2. Sell Products with Brand Ads
Another way to make cash by using the usage of TikTok is to promote merchandise with company ads. If you have a first-rate TikTok following, manufacturers will routinely attain out to you and ask you to promote their merchandise on your stay stream. In exchange, they shall pay you a constant amount.
These days many TikTokers have commenced making cash using promoting merchandise from exceptional brands. However, if you are planning to do manufacturer promotion, make positive to be more cautious as if you promote an incorrect brand, it can, without difficulty, backfire on you.
7 realistic ways to make money on TikTok
There are lots of possibilities to make some money on the TikTok app. Let’s look at some of the pinnacle TikTok monetization techniques for 2021.
1. Publish Sponsored Posts
Another way to make money from TikTok is via sponsored content. This is when manufacturers method you (or your method them) to characterize their choices in your video. In return, they pay you a rate to compensate for your service.
You can begin by using working with smaller manufacturers to construct your portfolio. Reach out to nearby groups in your vicinity to see if they’d be fascinated by getting featured on TikTok. It would possibly be accurate thinking to cost a minimal charge initially, then work your way up as soon as you begin gaining focus as a TikTok creator.
2. Grow and Sell TikTok Accounts
Many corporations would like to have a presence on TikTok; however, they don’t have the time or sources to create and develop an account.
Why no longer provide them speedy music for TikTok growth? You can do this by using developing and promoting TikTok accounts.
For some time now, human beings have constructed social media money owed and offered them to make money.
To efficiently promote TikTok accounts, you want extra than simply an alluring variety of movies on your account. You’ll additionally want a precise focal point and a devoted following.
3. Become a TikTok Influencer
You understand the saying, “Build it and they will come.” This thinking applies to TikTok too.
Suppose you construct an account with a loyal and engaged following. In that case, you’ll be able to rate influencer partnerships with manufacturers worldwide that choose to join with your audience.
Many manufacturers choose to work with micro-influencers or influencers with a smaller variety of followers.
4. Sell Your Products
If you’re from the US, Canada, or the UK and have a TikTok for Business account, you would possibly be capable of adding a purchasing tab and product hyperlinks to your profile.
The purchasing tab is essentially a new function ensuing from TikTok’s partnership with Shopify. It’s designed to assist TikTokers with a Shopify shop to promote their merchandise thru the app. Users who click on a product hyperlink are redirected to the merchant’s Shopify shop for purchase.
5. Collect Donations
TikTok has a fascinating function referred to as coins. If you’re eligible to stay stream, you can acquire this cash from your most devoted and adoring followers. Then you can finally alternate them for cash.
Here’s how it works: Say that your largest fan purchases coins, which begin at $1.39 for a hundred cash (and go up to $139.99 for 1,000 coins).
If you’re stay streaming, that person can ship you cash or use this cash to purchase your gifts. You can then flip cash and items into diamonds, then convert diamonds into money through PayPal.
6. Become a TikTok Consultant
TikTok is one of the more difficult systems for many agencies to master. This is because the special nature of the channel ability tendencies generally adapts quickly.
Anyone can grow to be a viral sensation overnight, and it’s effortless to lose a chunk of your followers.
That’s why TikTok consultants are in excessive demand.
TikTok consultants are experts manufacturers appoint to help them construct their presence and develop site visitors to their TikTok accounts.
7. Start a TikTok Talent Management Agency
Do you have a trip with intelligence management, social media marketing, or production? For example, you may want to create a commercial enterprise that consults and manages well-known TikTokkers.
If you suppose about it, it’s comparable to actors having their Genius managers.
This is a mainly useful carrier for these humans who have long gone viral overnight. They make a wonderful video, wake up in the morning, and BAM! They have greater followers than ever — however, they have no thought about holding the momentum going.
How many followers do you need to make money on TikTok?
TikTok presents built-in monetization equipment for influencers, such as a creator fund, a tipping feature, and a digital “gifts” product that approves customers to ship presents to a creator, which can then be transformed into a real-world currency.
TikTok requires that creators have a sure variety of followers and views to get admission to these features:
- To be a part of TikTok’s creator fund, a creator must be 18 years or older, have at least 10,000 followers, and have accomplished at least 100,000 video views in 30 days.
- To receive virtual “gifts” during a Livestream: a creator needs to be 18 years or older and have at least 1,000 followers.
- To receive “gifts” from other creators: a creator needs to be at least 18 years ancient and have at least 100,000 followers.
- To acquire “tips,”: a creator ought to be at least 18 years historic and have at least 100,000 followers.
Do you have to be verified to make money on TikTok?
No, it’s not necessary to get a verified tag to make money on TikTok. There are plenty of options you can make money on TikTok without earning any verified batch
- You can sell your own product
- Many companies are hiring micro-influencers, so you can earn money from there also.
- Receive a virtual gift during a live stream
- Receive tips from other creators
What is the TikTok creator fund?
It’s proper there in the name: the TikTok Creator Fund is a financial fund for creators. It’s no longer an advert income sharing software like YouTube’s AdSense, nor is it a structure of arts grant. Instead, it’s virtually a way for TikTok to share earnings with creators who are killing it on the platform.
TikTok first launched the Creator Fund in 2021 with preliminary funding of USD 200 million. In the company’s words, the fund was once launched “to motivate those who dream of the usage of their voices and creativity to spark inspirational careers.”
The TikTok Creator Fund used to be an instantaneous success. The fund is so popular that the corporation will make bigger it to $1 billion in the subsequent three years.
TikTok has been decidedly secretive about its payout structure; however, the general thinking is that customers who meet their necessities will be compensated for well-performing videos. TikTok calculates its payouts based totally on elements like views, video engagement, and even region-specific performance.
How much money can you make from TikTok creator fund pay?
When TikTok customers first realized about this extensive fund, they understandably had greenback symptoms in their eyes (no filter necessary). But even with a couple of tens of millions at play, high-performing TikTok users shouldn’t anticipate a life-changing payday simply yet.
There are no tough regulations about how a whole lot the TikTok Creator Fund can pay its contributors. But masses of creators have long gone on file to explain their journey with the Creator Fund.
The standard consensus is that TikTok can pay between two and four cents for every 1,000 views. However, some rapid math suggests you may assume $20 to $40 after attaining a million views.
At first glance, that may appear exceedingly bad. But remember: the fund ought to encourage creators to preserve creating. Master your TikTok sport, and you ought to be hitting hundreds of thousands of views on an ordinary basis.
Once you’ve racked up at least $10 from the fund, you can withdraw your Creator Fund payout using an online economic carrier like PayPal or Zelle.