How To Make Money on TikTok: Complete Guide.
TikTok, a social media behemoth, is steadily overtaking platforms like Facebook, Instagram, Twitter, and many others. Simply said, this is because millions of people use TikTok to have fun and make money.
However, not everyone who launches a TikTok channel becomes successful.
So, what is working for the TikTok megastars?
If you create content, you may have asked how users make money on TikTok, how much money they can make, and what the platform’s payments look like. Let’s discuss monetization!
Check also: How to Get More Followers on TikTok: 10 Tips
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In this article, we will cover:
- How many views you need to make money on TikTok
- How TikTok pays creators
- TikTok monetization requirements: 2022
- How to access payments with TikTok Creator Next
- How else to make money on TikTok
- How much money can you make on TikTok?
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How many views and followers do you need to make money on TikTok?
The hurdle to earning money directly from TikTok was substantially higher before December 2021. You needed to be at least 18 years old (which is still the case! ), have more than 10,000 followers, and receive at least 100,000 video views in the previous 30 days in order to monetize your account.
You might be able to apply for the TikTok Creator Fund if you meet those requirements.
It’s not as simple as saying “1,000 views Equals $X” because the payment-per-view data have never been made available to the public. Once you’ve signed up for the Creator Fund, you can earn roughly two to three cents for every 1,000 views.
See Also:
TIKTOK: 5 Tips On How To Become A TikTok Megastar
How to Get More Followers on TikTok: 10 Tips
For a period, the Creator Fund served as the primary passive revenue stream for well-known TikTok content creators.Then, Creator Next appeared.
What is Creator Next?
End of 2021 saw TikTok roll out a new function. It’s a monetization hub by the name of Creator Next, and it consolidates all of the TikTok revenue-generating opportunities under one roof. You must be at least 18 years old and have three posts with at least 1,000 views each in the previous 30 days in order to be eligible.
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Once you’re signed up for Creator Next, there are additional ways outside Creator Fund to make money off of your TikTok account.
Creator Next provides:
- LIVE Gifts: TikTok gives out “Diamonds” that may be exchanged for actual money dependent on how well-liked producers’ LIVE videos do. During LIVE videos, viewers can also LIVE Gift their preferred content creators, which can then be exchanged for actual, hard cash.
Any TikTok user who is over 18 and enrolled in Creator Next is eligible to receive LIVE Gifts. This feature was available before Creator Next.
2. Video Gifts: This enables authors to earn Diamonds based on views of their brief films rather than LIVE videos. Like on LIVE videos, viewers may also send gifts. A creator must have at least 100,000 followers, a 30-day-old account, and a recent public video in order to be considered.
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3. Tips: To support their preferred content producers, viewers can make financial contributions (minus any service fees.) Creators with more than 100,000 followers can use this feature.
4. TikTok Creator Marketplace: Through an official site, this allows creators the opportunity to interact and work with brands on campaigns that are both paid and incentive-based. If you have more than 10,000 followers, you can apply to join the Creator Marketplace, which brands will invite directly. 65% of TikTok users like brand content with original audio.
How to get paid on TikTok?
What other ways are there on TikTok to earn paid? There were several ways for TikTokers to make money before Creator Next. You could (and still can!) promote your own merchandise, point users to gated content on another site like Patreon, grow and sell accounts, or work as a TikTok consultant for companies in addition to Creator Fund.
And, of course, brand partnerships existed before Creator Next. The TikTok Creator Marketplace just makes it easier to facilitate! Between 2019 and 2021, US marketers planning to use TikTok for influencer marketing shot from just 16% to 68% – it’s clear that the platform’s bankability is only rising, and brand-sponsored videos can earn up to $1,000 if they reach 100,000 views.
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How else can you make money on TikTok?
There are more ways to monetize TikTok than Creator Next, despite it being promoted as the preferred piggy bank. Let’s look at those possibilities below.
- Utilize TikTok to promote your goods and services.
You may always create TikToks to showcase your goods and services if you want to try earning money as a creator and have your own things to sell.
Check out Axel Webber’s merch drop to get a feel for how to do it right.
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2. Team up with a company that shares your values
“Sponsored material” Being compensated for being yourself must be the goal, right?
Cakewalk.
When it comes to their marketing dollars, brands are taking TikTok more seriously every year. However, if you’re a tiny creator, you can find it difficult to stand out. Even if you wait for sponsors to approach you, you can still enter the TikTok Creator Marketplace and test the waters there.
Outside of TikTok, some creators will enter into partnerships. On rare occasions, they get lucky and a brand finds them, contacts them, and offers them a deal.
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It is worthwhile to look for brands you wish to collaborate with as a smaller creator.
Look for businesses that share your ideals and reflect your personality.
TikTok Pulse, a tool for advertising, allows you to monetize your videos on the platform.
It provides a 50/50 split between advertisers and creators, similar to the monetization model of YouTube. It’s not the best option to suggest for beginners, though, as you need at least 100,000 followers to use it.
How much money can you make on TikTok?
You now know how to monetize your TikTok account. How far does this thing actually go, though?
The answer to the question “How do you make money on TikTok?” is “Easily,” even though the sum isn’t fixed. Creator Next has made it easier than ever for content creators to start earning money on TikTok, progress toward monetization, and support themselves on the network.
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