Last month, TikTok became the top social media application globally with 3 billion downloads. This is the first non-Facebook (WhatsApp, Messenger, Facebook, and Instagram)–owned mobile application across the globe. If you want to become a social media influencer, this could be your choice to make a career on TikTok. This month, TikTok officially announced the Creator Fund with $200 million, which is expected to increase in the upcoming three to four years.
TikTok states it supports ambitious creators who are seeking opportunities to foster a livelihood through their innovative content.’ In the past, TikTok didn’t pay its creators like other social media giants. According to a BBC Report, Javi Luna (with 4 million followers on TikTok) confirms he doesn’t get money on TikTok. Not to mention, TikTok Creator does make money from sponsorship.
How much money does TikTok Creator make from the Creator Fund?
On average, TikTok Creator can receive 2 to 4 cents per 1000 views. Likewise, Anthony Youn’s (@tonyounmd) video with 1.5 million views may generate approximately $45,000 to $60,000. A shown figure is expected. Not every creator makes similar revenue; various filters and factors influence your revenue, such as views, engagement, region, users, and much more. Wired and VICE reported the same: revenue depends on various factors.
How to Join the TikTok Creator Fund
TikTok monetization wasn’t available worldwide; it was slowly expanding to other regions.
Pre-Requirements to Join the Creator Fund
To participate, you must meet these minimum requirements within the past 30 days. Check it out.
- 10,000 followers
- 100,000 views
- Age 18+
- Regions: U.S., U.K., Germany, Italy, France, and Spain
- I didn’t violate any TikTok community guidelines or terms of service.
Apply to the TikTok Creator Fund.
So if you are eligible for the TikTok Creator Fund, you can apply for the Creator Fund through the app itself. Ensure that you have logged in with the correct TikTok account.
- Open TikTok
- Go to your account page.
- Then open the Settings and Privacy Page in the upper-right corner.
- Tap on ‘Creator Tools’
- At the bottom, under Monetization, click on ‘TikTok Creator Fund.’
- Fill in your contact details and check ‘Terms of the TikTok Creator Fund Agreement.’
- That’s it
How to Receive Payment from the TikTok Creator Fund
You will receive your payment 30 days after publishing the video through PayPal or Zelle, while you can analyze your balance from the TikTok dashboard.
Additionally, the TikTok creator can generate additional amounts through live gifting. Users are required to purchase coins to purchase gifts. Where TikTok cut 50% and shared 50% with its creator. To calculate, 100 diamonds is equal to $5, which means that when someone spends this much, creators receive $2.5.
Other ways to make money on TikTok
Sponsorship
Once you become popular, you can work with brands, where you have to create content for the company and they will pay you.
Sell your product. This is the most common way to make some money: create an eCommerce page for a targeted niche audience. Also, you can use the TikTok ad platform to boost the reach of your product.
Campaigns
If you have a good engagement rate with the audience, then you can partner with the brand to manage influencer campaigns.
We believe this article remains helpful for you, and AndroidGreek wishes you well on your journey ahead. Share your valuable opinions and feedback in the comment section below. Stay tuned for further updates in the future on the same.