To make money with TikTok you need to create an account, place videos that are getting popular, get lots of followers and get them to give you gifts using virtual currency so that you can redeem them for diamonds and ultimately money. Easy, right?
The first thing you need to do is create an account, add some great videos, and generate a large community of fans and followers.
Next, you will need to use the app’s gift program, also known as the Diamond Program .
These virtual gifts can be given to other users as a reward if you liked a video or content . To do this, you have to touch the Make a gift button .
If you do, this gift will disappear from your account and it will turn into a Diamond on the account of the user who receives it. Be careful, if you give a gift all users will be able to find out.
The value of diamonds can vary according to the criteria of Byte-dance, the company responsible for TikTok, which uses several parameters for its calculation.
The quantity of diamonds a user has is visible on his profile and he can convert them directly from this page into US dollars , which he will receive through PayPal or other similar services.
The minimum amount to trade is $ 100 and the maximum is $ 1,000 per week. It is also very important to know that coins, gifts and diamonds cannot be transferred from one user to another, and that the company has every right to do what it wants with them.
This opportunity to earn money is what has increased the number of users, the name with which users of the old Musically are known who use the platform to generate viral content that allows them to earn money. money.
Other indirect money making options are through using the profile as a showcase for commercial brands , or even your own brand or business. Brands, aware of how this platform works, are starting to look for good designers for their marketing, especially for the main target of the app: adolescents and young people.
Earn money with TikTok by becoming an influencer
With the Influencer Agency , propose your account and put it at the service of brands. The influencer agency offers your profile for targeted campaigns and pays you for each assignment.
How to get paid on Tiktok
How to get paid on tiktok?
With nearly 100 million of monthly active users and two billion downloads worldwide, it is an understatement to say that TikTok has experienced a meteoric rise since its global release in 2018.
Its popularity has been seen even in the US government, President Trump having threatened to ban the platform in the United States due to threats to national security.
As attention turns to the platform more and more, it’s natural to wonder if content creators can make money with TikTok? If you’re building a TikTok community and want to make money from your audience, here’s what you need to know.
Why making money with TikTok is getting easier
Monetizing your TikTok hasn’t always been the norm. In the early days of TikTok, there were few brand messages.
As more and more brands have entered the space, the possibilities of selling sponsored content on the social platform become easier for creators.
The amount of money you can make with TikTok varies, but like any social media platform, if your content goes viral it can be lucrative.
Plus, it’s easier for viewers to monetize their audience without the help of brand partnerships. Thanks to TikTok’s integration with Teespring, announced in late August 2020, creators can now sell merchandise directly to their fans.
As TikTok’s popularity continues to grow, more and more brands are flocking to the app, bringing with them money-making opportunities for creators who can build a TikTok community.
How to monetize tiktok?
Monetizing your TikTok is one of the newer ways to earn money on the internet.Here some of the options are available to you.
TikTok is platform that emphasizes audio, with the songs and audio clips that often go viral on the platform – take Lil Nas X’s song “Old Town Road” as an example.
The Artists trying to replicate the success of the Lil Nas X have started paying TikTok influencers to include their song in their posts.
The Creator Skylar Krupa,who posts videos of his grandparents has used this method to monetize his growing audience.It charges $ 25 for every 25,000 subscribers.
There is no way to organize audio referrals, so teens who want to monetize their audience in this way, or even the grandparents in the example above, should go to the artists directly or through through artist management teams.
The Creators who want to make money with their audiences directly,without depending on brand’s advertising dollars,can turn to selling merchandise and products.
TikTok’s partnership with Teespring means creators can sell merchandise right in the app.The integration allows TikTok creators to customize a design from 180 different products.
To test the integration, TikTok and Teespring launched the app with an initial cohort of 7,000 creators in September 2020. They are expected to announce how other creators can start using the integration.
Creators can also add links in their bio to a personal website or other merchandise platform where fans can purchase products. For example, TikTok user @thedottist has a tracking link to purchase their artwork that’s directly embedded in their bio.
Promote a business or brand
Audio sponsorship isn’t the only way to make money with branded content on TikTok. Creators can also leverage their videos to help brands or businesses launch and promote products.
One of the earliest examples of influencer marketing on TikTok was Mucinex, the cold and flu medicine. Mucinex has worked with creators to promote their products during cold and flu season.
The brand launched a challenge called #Beat the Zombie Funk, and TikTok influencers like brother-sister duo OurFire took part in this challenge.
Designers who want to get into brand sponsorship and who are not represented can approach the brands and companies themselves or find opportunities through the TikTok Official Creators Marketplace.
Getting paid by TikTok
TikTok wants to help its biggest creators succeed and make money solely through the platform. To achieve this, he launched a $ 200 million creation fund, with hopes of increasing it to $ 1 billion by 2023.
Through this program, TikTok will pay creators directly for making videos. .
TikTok has been vague on how much creators can earn and how many creators will receive funding, including the minimum number of followers required to qualify.
Some TikTok experts have said that it takes at least 10,000 followers and 10,000 profile views in the past 30 days, but this has not been confirmed by the platform.
Creators can apply through their TikTok profile. In the “notifications” section of your posts, you will receive an invitation to apply directly to TikTok if you meet the minimum requirements.
Convert gifts to diamonds
A popular way to make money on TikTok is to do live videos where fans send freebies, purchased with virtual coins that are purchased in the platform.
Creators can then convert these gifts into “diamonds” (TikTok’s virtual credits) which can be cashed out.
To be able to purchase coins, fans must be at least 18 years old.
Creators 18 years of age or older may withdraw diamonds at any time for a cash value determined by TikTok. Payment is made on a Paypal account at the choice of the creator.
TikTok imposes daily limits on withdrawals, which are displayed during the withdrawal process.
How much can you make on TikTok?
The amount of money you can make with TikTok varies, but like any social media platform, if your content goes viral it could be lucrative.
There are not yet any third-party sources that have objectively defined how much money the creators of TikTok make.
Even popular designers, like Lea Elui, which has been wildly successful, do not publish their winnings. Instead, we can estimate how much money you can make on TikTok by making assumptions.
For example, London economist Tom Hartmann estimated in a Medium article that TikTok creators with 100,000 followers make around $ 500 to $ 2,000 for sponsored videos.
Doing the math, it could mean that the best TikTok creators make between $ 50,000 and $ 150,000 for sponsored posts. Other figures are advanced by GQ.
Another way to estimate earnings is to look at numbers published by marketing agencies. TalentX Entertainment, an influencer agency, estimates that they charge brands between $ 0.01 and $ 0.02 per video viewed on TikTok.
Then there’s the TikTok Creators Fund – which they hope will encourage creators to produce full-time content on the platform.
No information has been released on what a full-time income might be, but the idea is that it would be large enough that creators don’t have to do other jobs.
Make money on TikTok vs. Instagram and YouTube
YouTube pays creators an amount based on the advertising revenue earned by the platform from the videos of the creators.
However, TikTok does not have an equivalent process for compensating creators, which makes it closer to Instagram. TikTok and Instagram allow creators to get paid by brands for creating sponsored content.
For some creators, this can be a barrier to their compensation: you need to build a relationship with brands and convince them that your content is worth their money.
If you need earn money fast, the process of monetizing your audience by building an audience and establishing a relationship with brands might be too long for you.
Other creators believe that this strategy opens doors for them, because it allows them to maximize their earnings in the long term with all the companies that are interested.
Is TikTok a source of income? secondary source of income
TikTok is growing in popularity and will continue to have more lucrative monetization opportunities as the app evolves. If you are willing to invest in building your audience, you could reap financial rewards.
This platform might be the best for creatives who want to make money on social media without investing the time and high production value that platforms like YouTube and Instagram typically demand.
That said, to be successful on TikTok, you will need to fully understand the nuances of the platform and its culture, which can also be a significant time investment.
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