If you want to know how to make money on TikTok, you’re in the right place! This complete guide will cover everything you need about TikTok monetization, including the TikTok Creator Fund.
Let’s get started!
What is TikTok Monetization?
TikTok monetization refers to the ways you can earn money directly from TikTok. There are various methods to achieve this, including brand deals, sponsorships and affiliate marketing. This guide focuses on how to make money through TikTok’s official monetization options.
TikTok Creator Fund
The TikTok Creator Fund is the original way to earn money on TikTok. It rewards creators for making quality content. However, it’s currently being phased out, so new users can’t join anymore. If you’re already part of it, you can still earn from it, but it may not be much. Creators have reported earning around 2 to 4 cents for every 1,000 views.
Eligibility for the Creator Fund
The Creator Fund is available for eligible users in the US, UK, Germany, Italy, France and Spain. If you live elsewhere, like Australia, you won’t have access to this fund.
Creativity Program Beta
The Creativity Program is a new initiative from TikTok, currently available only for US creators. This program was created after feedback that the original Creator Fund wasn’t paying enough.
To participate, videos must be over one minute long. This change encourages longer content, similar to YouTube.
Requirements for the Creativity Program
To join the Creativity Program, you need to:
- Be at least 18 years old.
- Have at least 10,000 followers.
- Get 100,000 valid video views in the last 30 days.
- Have a personal account in good standing (business accounts are not allowed).
TikTok Creator Marketplace
The TikTok Creator Marketplace (TCM) is another way to monetize your content. This platform helps brands find creators for collaborations. It’s a great starting point for earning money as it simplifies the process of securing brand deals. You can negotiate prices and coordinate everything through TikTok.
TikTok Live & Video Gifts
Going live on TikTok allows your viewers to send you virtual gifts. These gifts can be converted into real money.
Here’s how it works:
- Viewers buy coins to send gifts during your live stream.
- At the end of the live, TikTok converts these gifts into diamonds (TikTok’s currency).
- Diamonds can be exchanged for cash in your TikTok wallet.
Requirements for Live Gifts
To earn from live gifts, you must:
- Live in a location where video gifts are available.
- Be at least 18 years old.
- Have at least 10,000 followers.
- Have an account that is at least 30 days old.
TikTok Tips
Another feature is tips, which allow your viewers to send money directly to you. The best part? You keep 100% of the tip amount after processing fees.
Eligibility for Tips
To be eligible for tips, you must:
- Be at least 18 years old.
- Have at least 100,000 followers.
- Have a personal account in good standing.
TikTok Series
TikTok Series is a new feature where creators can sell a series of content. You can create up to 80 videos, ranging from 30 seconds to 20 minutes and charge viewers for access.
Getting Paid from TikTok Series
To receive payment, you must earn at least $50 from your series. Payments are made on the 15th of each month.
Requirements for TikTok Series
To use TikTok Series, you need to:
- Be at least 18 years old.
- Have an account that is at least 30 days old.
- Have posted at least three public posts in the last 30 days.
- Reach 1,000 views or more in the last 30 days.
Best Ways to Make Money on TikTok
In my opinion, the easiest way to monetize on TikTok is through live gifts. You can engage with your audience and receive gifts at the same time. However, I’m also excited about the potential of TikTok Series as it grows.
Conclusion
Now you know how to make money on TikTok through different monetization methods. Whether it’s through the Creator Fund, live gifts, tips, or series, there are many options available. Explore these features and start your journey to TikTok monetization today.
