Unlock the secrets of TikTok Monetization with our guide on Easy Steps to Earn from your TikTok Account. Learn proven strategies to turn your creativity into income effortlessly. Start your journey to financial success today!
About TikTok
TikTok, known in China as Douyin, is a short-form video hosting service owned by the 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 ten minutes. TikTok is the world’s leading destination for short-form mobile videos. TikTok mission is to capture and present the world’s creativity, knowledge, and moments. It is a creative way of expressing emotions and feelings through videos and photos. It is a way of communicating with people.
TikTok Monetization
Do you know that TikTok pays its subscribers above 10000 followers and has accrued at least 100,000 video views in the last 30 days? If you are good at creating videos and so much more? TikTok is creating an opportunity to earn money from their company. To earn, you need to create an Ad account in your TikTok account, enabling TikTok to know if you are eligible.
How many followers do I need to get paid by TikTok
It is possible to earn 2 to 3 cents per 1000 views. So, to earn 30 dollars, you need your video to have more than one million views. Going viral is one of the ways you can reach that number. You can achieve this by creating an original hashtag challenge.
The platform launched the TikTok Creators fund, which allocated $58,107,600.00 for thousands of European creators. This project aims to reward TikTokers for their talent and creativity with money.
TikTok begins paying you starting from 1500 followers, so as your subscribers increase, they will pay you more. TikTok is estimated to pay roughly US$ 100 for every 10,000 followers for live shows. But one of the easiest and most effective ways to get money from TikTok is through sponsors.
TikTok Monetization Eligibility Requirements
Here are the eligibility requirements to earn from TikTok.
- You must be at least 18 years of age.
- You must have a minimum of 10,000 followers.
- Be in good standing and not in violation of the TikTok Community Guidelines.
- Have 1,000 or more video views in the last 30 days.
- Have three posts or more in the previous 30 days.
TikTok Monetization Steps
Here’s a step-by-step guide on how you can monetize your TikTok account:
1. Join the TikTok Creators Fund
Users with an account on TikTok who have built up a considerable following might consider making money through the TikTok Creator Fund.
Joining the TikTok creator fund can be worth it if: You’re focused on a long-term growth strategy. Your content is consistently getting millions of views. You don’t mind the possibility of earning next to nothing each month.
The Creator Fund is an excellent idea if you have already inaugurated a following, but it can be exclusive, and stable payment is not constantly an assurance.
Note: Before creating an account with TikTok Creator Fund, you must meet all eligibility before joining Creator Fund.
2. Market merch to your fans
You can sell about anything on TikTok: digital products, print-on-demand merchandise, subscriptions, and even physical products. This can attract more followers if you successfully sell many products listed above on TikTok. Any creator, whether a dancer, singer, or comedian, can sell merch to their most loyal fans.
Selling your product on TikTok is excellent for monetizing and business promotion (if you are into one) for nearly any type of content. With a wide range of products, there’s a quantity of inventory to choose from. You might sell Apparel products, stationaries, or any combination of products.
Owning imprinted merch gives your fans a more personal relationship with your work. Every follower that wears your gear in public creates new opportunities to outstretch the word about your trademark wherever they go.
3. Go live and collect virtual gift
Live gifting is one of TikTok’s most valuable features for creators looking to monetize their content through live streaming. Most social networks have a live streaming feature, but what makes TikTok exceptional is that it allows followers to show their appreciation in real time by sending virtual gifts, which can be redeemed for payment.
LIVE Gifts is also a feature that, if active on your account, allows your viewers to react to your TikTok videos and show appreciation for your content. LIVE Gifts is one way for you to collect Diamonds from TikTok.
A gift is purchased within the TikTok app using coins. These coins are the only monetary purchase allowed within the application. Once coins are purchased, you can click the pink gift icon while watching a TikTok Live video to send the virtual icon to another user.
How do you receive gifts on TikTok Live?
If a viewer hasn’t pre-purchased Coins before the LIVE video starts, they can also send a Gift during the LIVE video by clicking on the Gift icon at the bottom of the screen and following the prompts.
4. Associate with influencers or other trademarks in the creator marketplace
TikTok Creator Marketplace, or TCM, got introduced in 2020. It is an analytics tool to identify an influencer’s engagement reach, views, and demographics. A brand can easily choose a content creator for collaboration by assessing these pieces of information. The creator marketplace helps connect the right trademarks to the right influencers, promoting partnerships quickly and uncomplicatedly for both partakers.
The creator marketplace acts as an influencer agency, letting both sides demonstrate their readiness to work with one another, facilitating some of the awkwardness of approaching influencers that marketers might experience with influencer marketing on other platforms.
5. Create in-feed ads with the TikTok ads manager
Like Instagram Ad Manager, TikTok’s advertising platform tools automate creating, delivering, and optimizing your ads. TikTok’s Ads currently have two budgeting options: daily or lifetime. With both options, your budget isn’t set in stone — you can adjust your budget anytime throughout your campaign. TikTok ads start at $10 per CPM (cost per 1000 views). Also, they require you to spend a minimum of $500 on a campaign.
How do I create an ads manager on TikTok?
Go to TikTok Ads Manager’s signup page and fill in the boxes with your email address (or phone number) and password. Click “Send Code” to receive your verification code, and don’t forget to agree to the terms and conditions. Click “Sign Up” to create your login.
6. Start a Patreon and offer fan subscriptions.
Crowdfunding works for big projects, and tipping is the simplest way to collect funds quickly, but what if you are looking to secure a more steady stream of income-based subscription platforms?
Subscription-based models of income work great for content creators because you can keep individual subscription costs low and focus on growing your subscribers.
Patreon is the best place for creators to build memberships by providing exclusive access to their work and a deeper connection with their communities. Patreon is a way to get paid for creating the things you’re already creating (webcomics, videos, songs, whatever).
Final Thoughts on TikTok Monetization
With all said, TikTok is a social media platform for creating, sharing, and discovering short videos. Young people use the app as an outlet to express themselves through singing, dancing, comedy, and lip-syncing, and it allows users to create videos and share them across a community. You can earn through TikTok if you are an active subscriber and are eligible to join the creator fund and earn money.
