Is Creator Fund Worthy? How Much Does Tiktok Pay Creators?
When it comes to icons in the TikTok world, certain names create a huge buzz …….
Addison Rae, Bella Poarch, Charli D'Amelio & Sameeksha Sud are some of our favorite TikToker who made a firm ground as Influencers with their authenticity and creativity.
But ever wonder how much this kid is making, actually?
TikTok earned $4.8 Billion in revenue in 2021. And the great thing is, The platform shares a particular portion of the income with its content creators. So how much does TikTok pay for 1 million views?
TikTok pays 2 to 4 cents per 1,000 views on average. That means you can earn $20 to $40 per million views and $20,000 to $40,000 per billion views. Several factors influence the earnings, but TikTok doesn't reveal the factors publicly.
How Much Do You Get Paid On Tiktok?
Tiktok is a No man's land- Where anyone can make a name.
We have seen many TikTokers touch the million followers slab before a year with simple tactics. Seeing how these kids (well, mostly) change their fortune in a blink was mind-blowing.
Getting millions of views and a thousand hundred followers on TikTok is not a big challenge (if the content is genuine & authentic).
But the thing is.......
There is no limit on earning from TikTok; you can earn from cents to millions of dollars from TikTok, depending on your popularity and content.
How Much Does Tiktok Pay For 1000 Followers Or Likes?
TikTok does not pay for likes. It does not matter how many likes are on your TikTok account, but views impact your earnings. Earning for views is only possible when you have Sponsorship on your account.
How much does TikTok pay for 1 million likes? There is no exact policy by TikTok for calculating the income, but as we mentioned earlier, an average income for 1000 views on TikTok is 2 to 4 cents.
What Do You Need To Start Your Income From Tiktok?
If you want to start an income on TikTok, you should pass the filter to start income. There are some requirements for generating income on TikTok.
Account Verification
You must have a verified account, that's for sure. A verified account shows visitors that the person with this account is genuine. A blue checkmark on the profile really goes far away for building credibility.
Age Restriction
Anyone can join Tiktok.
There is no age restriction, but if your purpose is to generate income from TikTok, the minimum age requirement is 18 years.
Unless you are 18, you will be only allowed to get money in your accounts that are only opened when you have attained the age of majority.
Member of Creator Fund
It is a must that you should be a member of the Creator fund to get payment from TikTok.
And don't worry about becoming a creator fund member because an account that meets TikTok policy and rules could quickly get a membership.
The Number of Followers matters!
TikTok is silent about the number of followers threshold, but experts say for an easy start of income on TikTok, you must have 10000 followers on your profile.
Number of Views
A TikTok account with 100,000 views for the last 30 days is eligible to start earning on TikTok.
How Could You Earn From TikTok?
Addison Rae, at just 20 years old, roaming around the town with a pink Tesla model X custom!!!!
So yeah, Tiktok is giving some serious money!
Not only that, a good chunk of kids earn thousands of dollars from TikTok each month. Their accounts are not just dependent on views; they use different tactics to earn handsomely from TikTok.
Here are some excellent ways to make money on Tiktok.
Creator Marketplace
TikTok is just for fun!
True!
But the best part is you can get some extra cash while having fun.
Many companies and brands attract their targeted clients through TikTok. Influencing TikTok could help a lot in this way. New businesses advertise their products or brands through TikTok in the creator marketplace.
Fans Send Tips
Yeah, that's right!
If you have a good fan following, TikTok has a mechanism to collect tips from your fans. Your fans can send tips, TikTok charges a small fee from the tip's sender, but it does not charge any commission from the creators on TikTok. You can also post videos to ask your fans to send tips to help you.
It's a win-win!
Sponsorships
All the eyeballs are here, actually.
It is one of the primary sources of earnings for the TikTokers. Profiles with a colossal community could benefit TikTok by getting sponsorships. Companies market their products through influencers on TikTok and pay considerable money for services.
Commission Through Affiliate Marketing
It's the era of marketing!
So No wonder Affiliation is almost everywhere. And also, at TikTokers, Affiliation plays a significant part in rolling the platform.
But how?
You can earn by promoting and sharing products through live streams or videos on their profiles. The purpose is to attract viewers and convince them to buy those products through shared affiliate links.
Here is the deal......
If a viewer buys a product following an affiliate link, the company will pay you a commission on that sale.
Selling Official Merchandise
Nowadays, TikTokers are also selling their official Merchandise via Teespring, which is an e-commerce platform. Many other platforms like Magneto, Shopify, etc., are available for selling Merchandise.
Live Gifts
It's probably the easiest way to generate income on TikTok.
Do TikTokers get paid for gifts? Creators receive gifts in the form of Diamonds which are later converted into coins. Coins are then converted into real money.
Think I'm exaggerating?
Nope, dear! TikTok charges a 50 percent commission for the conversion of diamonds into coins.
Handy Tips shared by top Tiktokers to boost your income
If you follow the below simple guidelines, you can boost your income on TikTok.
- Always share authentic content.
- Work consistently and share high-quality content.
- Follow the tops trends
- Keep a consistent flow on posting videos
- Go live with your audience
- Post at the right time
- Monitor your content performance
- Try the Duet feature on TikTok
- Be honest and transparent
- Never ditch the regular content
- Work hard, never give up
- Welcome guidance
- Pay attention to boosting the engagement rate
- Promote videos on different social media platforms
How Much Does Tiktok Pay The Creators Per Sponsorship?
There are a bunch of factors involved in calculating the payment for Sponsorship. It depends on the popularity of TikTokers and who their audience is.
Sounds impressive, right?
The average earnings estimate for a branded video on TikTok is between 200 to 20000 dollars. But the engagement rate and the number of followers are the main things.
What is TikTok's policy for calculating engagement rate?
The TikTok team calculates the engagement rate on the Tiktok profile, sums up the comments, shares, and likes, then divides that total by the number of views.
Can I Get Rich On Tiktok?
Yes, TikTok is a reliable but more straightforward source of income than other social media platforms. You can earn a good fortune with this social media platform.
There are TikTok stars who earn millions of dollars each year.
Addison Rae is a good example; she generated $5 million from the TikTok profile in 2020. If you are committed and love to work, joining TikTok as a career is a good shot, that's for sure.
In summary
There is no specific policy by TikTok for payment. But after becoming a member of the creator fund on TikTok, you can collect your funds in the Creator fund through different sources and withdraw when needed.
But one thing is for sure.......
One can generate a lot of money each year with a unique profile, reasonable engagement rate, and followers.