Who knew the Chinese project called Douyin would grab Over 800 Million Active Users Worldwide in this short time?
TikTok spread like wildfire over the internet in just a blink of an eye (Thanks to the pandemic!).
It's a kinda mind-blogging.
The platform focuses on Gen Z, and gives content creators a solid ground to make money while having fun.
How much do TikTokers make?
And How Much Money Does TikTok Pay for 1 Million Views?
TikTok will pay you up to $50/million views. This money is paid from ad revenue. But this is not the maximum amount you can earn from TikTok per million views. And the juicy part is, that it's not the only way to earn some extra cash on this platform.
Related Read: TikTok Hashtag Etiquettes
Ok, we know after seeing the lavish lifestyle of TikTok’s verified influencers, you think the platform is giving a handsome figure.
But here is the truth......
YouTube pays its content creators $2,000 - $4,000 per million views; TikTok is paying much less than other social media.
The main point is: How much money do 1 million views get?
A content creator of TikTok gets $0.02 to $0.04 per 1000 views. So, for 500,000 views, you will get roughly $15. Per this calculation, for 1 million views, the payment will be $40-$50.
To increase the income from TikTok, you have to think differently. Here are some alternative methods by which you can monetize your TikTok in 5 different ways.
Related Read: How To Go Viral On TikTok
Believe us or not, Affiliation is everywhere.
It's actually considered an advertiser's best tool. And why will you miss this chance on this platform?
What makes it sexier?
Even when you are sleeping, you can earn. Just people need to click on the affiliate link and buy. Affiliate marketing is considered passive income. More views mean the chance of product sales is also high. So, if your videos are seen more on TikTok, you can take advantage of affiliate marketing.
You can earn an affiliate commission if your referred product turns in a sale. In this case, your customer doesn't need to pay extra bucks, and you will have a specific percentage of the manufacturer's sales.
Related Read: How To Block And Unblock Someone On TikTok
You knew it was coming, right?
Partnership with brands can help you make money. A brand will pay you to use or review their products with your audience using video on TikTok. You can also do a live stream with a brand's product.
Disclaimer: Many TikTok started earning $1,000 from sponsorship via TikTok video.
You can make your own products and sell them through TikTok. A few popular products that work really well in Tiktok are:
Related Read: How To Get 1K Followers On TikTok In 5 Minutes
Be creative and think of services that people might need but may not have the time or ability to do themselves.
Why are we saying this?
Offering services is a great option if you're looking for a way to make money on TikTok. You can provide your skills and talents to other users and get paid for your work.
Some of the benefits you can sell on TikTok are below:
● Graphic design work
● Logo creation
Remember that some things are against TikTok's terms of service, so be sure to read them carefully before starting your business.
One more thing.......
When you offer your services on TikTok, set clear payment terms and delivery expectations. This will help avoid any confusion or misunderstandings down the road.
Related Read: How To Get Famous On TikTok?
When a TikToker has many followers and goes live, followers can gift them “coins” to appreciate the video.
Now, you might be thinking, how are the followers getting the coins?
Followers need to buy the coins using hard cash. They can donate the coins to your account to show love for you. Remarkably, these coins can be converted to diamonds. Later, convert these diamonds into cash.
But here are the rules......
To go for a live stream, TikTok has a condition. You have to have 1,000 followers to do live broadcasting. Without this much, no TikToker is allowed to go live. The truth is more follower means more opportunities to earn money.
At the same time, earning money has a limitation. Through live broadcasting, you can make a maximum of $2,000 - $4,000. Depending on the exchange rate, TikTok coins to USD varies. One important note is that TikTok coins are non-refundable.
Here is a list of TikTok coins to USD ($) exchange rate.
Coins To $ :
So, with 1 million views on TikTok, if you get 1000 coins from your followers as an appreciation or love, you will be earning an extra $134.99.
There are enormous opportunities for a person to earn money through TikTok. A TikToker can earn as much as $2,000 - $3,000 for 1 million views with many monetization options.
It would be best if you gave a pat on your back once you get 1,000 followers on TikTok. Moreover, these many follower numbers will offer you several benefits.
First, you can do live broadcasting, which will help you make money. Make videos that people will enjoy, so your followers walk with you throughout the live stream.
In fact, having 1,000 followers means you will start getting the benefits of being a TikTok content creator.
For TikTok views, your maximum earning will be $2,000 - $4,000. Now the question is, will
TikTok pay you this amount all alone?
The answer is No.
You can earn through live streaming, selling services, sponsorship, etc.
Everyone wants to go viral on TikTok. So, what makes a video go viral on TikTok? The straightforward answer is if your video gets 500,000 views, it will go viral automatically.
Generally, comments, likes, and shares are more in viral videos, which increases the chance of earning more. The views of a viral video can get 1 million to 5+ million views.
Undoubtedly, a million views on TikTok are good. The more views on your TikTok video, the more you will earn.
The payment amount is less from TikTok, but the earnings can be more if you follow a few techniques like sponsorship, service selling, consultation, affiliate marketing, product selling, etc.
Remember: More followers and views will open a gateway to earning more money.
So, your first target would be to gain as many followers as possible. More followers will bring serious cash to TikTok. Another essential thing is sponsorships and dealings vary based on your fan followings, product, location, and many more.