How to get paid on TikTok

How to get paid on TikTok

Whether you're the next TikTok wunderkind or a very niche hobbyist, there are several ways to make money on TikTok. Read on if you're interested in getting paid for the videos you make anyway. Prepare yourself for some hard work. Get followers (TL;DR: Get a few).

Creator Fund

As of August 2020, TikTok announced the Creator Fund; a $200 million initiative that TikTok estimates will grow to $1 billion over the next three years. As per TikTok, the fund's purpose is to provide opportunities to aspiring creators seeking to gain a living from their videos. In other words, you'll be paid for creating videos through TikTok.

Per 1000 views, top influencers receive between two and four cents. As a result, viewers can make serious money for their creators. TikTok's favorite plastic surgeon Anthony Youn (@tonyounmd) got 1.5 million views for a video decrying DIY toe surgery (don't watch if you have a weak stomach). According to our calculations, he could have earned anywhere between $45,000 and $60,000.

Creator Fund participants must already have some traction. A video must have a view count of at least 100,000 in the past 30 days in order to be eligible. You also must be 18 years old and live in one of the following countries: United States, United Kingdom, Germany, Italy, France, or Spain.

You can apply within the app if you're undeterred after reading those reports and you meet all of the requirements. If you qualify for the TikTok Creator Fund, it basically requires you to enter your name, email address, and consent to the terms of the TikTok Creator Fund Agreement. You can access this agreement by going to Settings and Privacy in the top righthand corner of the app.

After you've been accepted into the program, you can access your dashboard and withdraw funds via PayPal or Zelle. Views from your video are counted three days after you post it, and the funds appear in the dashboard three days later. You can withdraw the funds 30 days after the end of the month in which your video was posted.

Creator Marketplace

The TikTok Creator Marketplace connects brands with creators for paid campaigns or sponsorships. Companies can get in touch directly with creators and reach out to them for paid collaborations by searching for them by country, age, topic, etc.

TikTok has not shared specific information regarding eligibility for the Creator Marketplace, which is still in its trial phase. If the Creator Marketplace sounds like it's pretty exclusive, that's because for now, only eligible creators can apply and join. In the future, TikTok plans to "expand the invitations."

The next step is to set up your creator profile if you join the marketplace. Access your profile by clicking on 'Settings and Privacy', 'Creator Tools', and then 'TikTok Creator Marketplace'.

You will receive an email with a campaign and contract in your inbox when a brand wants to collaborate with you. Through the marketplace tool, you can discuss the details of the campaign — concept, video-making methods, look and feel the brand requires, wardrobe, location, etc., basically everything that has to be worked out before you can make what is essentially an advertisement. Due to a lack of support for these payments, you must make your payment outside TikTok.

Other ways to get paid on TikTok

To make money on TikTok, you need a significant number of followers. However, you can also earn money without relying on TikTok's monetization tools directly. Obviously, you'll still need to show brands that you can serve their needs, but now you can start hustling even if you don't have a lot of followers.

Influencer marketing:Gaining a loyal following, however small, means you are engaging and trusted. This is why brands are looking for creators with that kind of influence. In addition to joining TikTok's Creator Marketplace, you can also connect directly with brands for sponsored posts, product reviews, account takeovers, product mentions, or playing a song over your video, which has become a popular way for record labels and artists to promote new music. Please ensure that you are transparent about your relationship with brands, and you disclose financial incentives if any exist.

Selling your own merch:You'll need an enormous following to make money from this, but with the new Teespring partnership announced on TikTok, ecommerce will be a huge part of the app in the future. Though Teespring integration is not available to all users, there are already ways to sell merchandise. You can add a link to your profile that directs visitors to whatever third party app you use, such as Shopify or Magento.

As soon as you've mastered the basics (emphasis on basics), you're ready to show TikTok what you've got. Here's your chance to show off your white girl dance.

Know more: No Game No Life Season 2 | Bunchnews

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