If you want to know if TikTok gives you money for creating videos, you’re in luck. The platform recently introduced its $200 million “Creator Fund” program. The program was first announced last July and says creators will receive an amount of money each month based on their engagement with the platform. While the company didn’t specify how many followers a video must have to be eligible, it does appear that the money is available to those who reach a certain level of traction.
TikTok’s creator fund pays between $0.02–$0.04 per 1,000 views
A few months ago, TikTok launched its first creator fund and other major social networks quickly followed suit. Today, creator funds are all the rage, and platforms like Facebook are poised to cash in on this trend. Here’s how to make money on TikTok. You need a Pro account to get started. Tap the profile button on the app’s home screen and select the “Earn Money” option.
To qualify for the TikTok Creator Fund, you must first apply. You can request an invitation to become a member by applying for an account and verifying your age. Once you’re approved, you’ll receive an email with further instructions. If you don’t get approved on the first try, you can reapply whenever you’d like.
While the TikTok creator fund does pay between $0.02–$0.04 per thousand views, it’s important to understand what this means to you. While the platform’s creator fund pays between $0.02–$0.04 per thousand views, it’s hardly enough to make a living. Creators have long since realized that they’re simply renting space on the social network. The social network can easily take their space. This trend is reflected in the fact that creators are steadily building their own content. If TikTok wants to continue being relevant, it has to pay attention to the creators who leave.
It doesn’t pay monthly
If you’re thinking about creating a video and want to make money on TikTok, you should know that this video platform doesn’t pay monthly. Although TikTok has built-in monetization tools that pay out virtual “gifts” and “cash” when users hit certain milestones, the payouts are low. TikTok pays creators when they reach a certain threshold, such as 100,000 views in 30 days or 10,000 followers. However, they don’t pay monthly, and the payouts aren’t calculated by views, but by followers. While the payments aren’t very high, the average TikToker will never get rich from these funds, but they could be making a lot of money if they’re successful enough to gain millions of views.
To attract more creators, TikTok needs to increase payouts. While the TikTok Creator Fund does increase with the number of users, it doesn’t grow proportionally with the number of creators. The app’s creator payouts don’t increase in line with the success of the video, and the number of creators is growing fast. TikTok can’t insert mid-roll ads into short video clips, so it’s necessary for the company to find other means of monetization.
Despite the potential for profitability, this is a difficult issue to address. If it continues to grow at a rapid pace, it could become a problem for the platform. This issue may have an impact on TikTok’s growth trajectory. Although ByteDance has highlighted that the company aims to generate $19 billion in profit by 2020, it seems it is willing to adapt its business model to meet the new concerns.
It requires traction
To make money on TikTok, you need traction. Whether you’re trying to get attention, gain followers, or simply share entertaining videos, you’ll need traction to make money on the site. Unlike other video platforms, TikTok does not allow brands to sign off on their content, so you need to create original content to stand out. If you’re looking to make a big impact on TikTok, consider posting original content that’s useful to your audience.
Before you can qualify for money on TikTok, you’ll need at least 10,000 followers and at least 100,000 video views in the last 30 days. You can apply only if you’re 18 years old and have more than 100,000 video views in the last 30 days. However, there are some caveats. You need to know that the payout is small – roughly two to four cents for every thousand video views – so you’ll need a lot of traction before you can qualify for money.
Once you’ve got traction, you can sell your own merchandise to promote your TikTok channel. Some people create their own merchandise or develop their own products. Alternatively, you can work with a print-on-demand company to get t-shirts designed with your name on them. The advantage of a print-on-demand company is that you don’t have to stock inventory or pay for warehousing.