The Hustler's Digest StaffLiving in today’s world makes it nearly impossible to be unfamiliar with TikTok. If you have decided to make money on TikTok, this article will help you figure out the best ways.
On hectic days, when you get tired, you need to refresh your mind physically and mentally. In order to keep you entertained in engaging activities, Chinese company ByteDance launched a short-form video app. This app, known as TikTok, hosts a variety of short-form user videos, from genres like pranks, tricks, dance, acting, jokes, stunts, and entertainment with a duration from 15 seconds to 10 minutes.
TikTok is a social media platform for creating, sharing, and discovering short videos and is used by young people as an outlet to express themselves through singing, dancing, comedy, and lip-syncing. It allows its users to create videos and share them across a community. If you are interested in showing your talent to the world and knowing how to make money on TikTok, go through this article.
What is TikTok?
Tiktok is the world’s seventh most popular social platform that is used by 2 billion people globally. It is an app that hosts short videos for entertainment purposes. People, specifically youngsters, create engaging content and post on TikTok to attract followers. The videos people create range from 15 to 10 minutes. It’s pretty easy to watch, make, like, comment on, and share. You can share the TikTok videos on other platforms such as WhatsApp, Facebook, and Instagram stories and even save them to your phone, Apple or Android.
Furthermore, you can pick categories of your interest when you install TikTok. It comes in different categories such as sports and gaming, lifestyle, entertainment, pranks, tips and tricks, acting, dance, and much more. Technically, TikTok makes content discovery central to its experience. The ‘For You’ page delivers a bottomless stream of engaging videos curated by the TikTok algorithm. The video feed plays the minute the app opens, instantly engaging the viewers. Users can follow their favorite creators just by tapping a little + button popping on their profile.
Undoubtedly, when you open TikTok, it engages you to the extent that it gets challenging to keep your eyes off. You can stick to watching videos for hours, and you won’t ever get bored. Apart from monitoring users’ videos, you can create your own to kill time. Suppose you are good at dancing or acting. You can easily create an account on TikTok and show your talent to the world by creating fascinating content. The quality of your content must be pretty high to get fame and be recognized on an international level.
How to use TikTok?
Using TikTok is easier than it looks. All you have to do is to go to the AppStore or play store and download the app. Then you can go to the app and start watching the videos or sign up for a new account. Creators and surprising content go viral and become a trend. If you want to create a new video, tap + at the bottom of your screen. Create a video using the TikTok camera or upload content from your device Library. There are a lot of features that make your video more exciting. Add sounds, stunning effects, filters, or other camera tools.
Start your video by presenting the ‘Record’ button. Record the best content as much as you can that engages the audience, and then tap the checkmark. After that, make additional edits on the posting page of your choice and post the video. Make sure you create videos that leverage whatever is trending at the time. You can also come up with a creative idea for making a video that becomes a trend. But it should be something productive that becomes the most popular video for everyone to follow.
Once you have created a fantastic video on your phone and know how to make good video edits, upload it to TikTok. Fortunately, you don’t have to record a video to post your video through TikTok. Open up TikTok and hit the ‘plus’ sign icon at the bottom of the screen. Once you arrive at the recording screen, click the ‘upload’ button in the bottom right corner. This brings you to your phone’s gallery, where you can select which photos or videos you want to upload. To upload more than one video, click on the first video you want to use, preview it, and tap ‘select’ in the bottom left corner.
How much money do you get on TikTok for 1 million views?
TikTok pays content creators $0.02-$0.04 per every 1,000 views. This means you will get about $15 for 500,000 views and $40-$50 for 1 million views on your video. It sounds insane compared to YouTube, which pays between $2000 and $4000 for a million views. Your income depends on how skillful and dedicated you are. Making good content takes time, but it’s worth it. The new feature of TikTok allows you to go live, but it requires at least 1,000 followers. In addition, you should be older than 16 to enable this feature.
This is probably the easiest way to earn cash. When you launch a live video, your followers are able to give you gifts in the form of coins that you can later exchange through PayPal. As a TikTok user, you can purchase up to 10,000 coins. You only have to pay $1.39 for every 100 coins you buy and then endow them to your favorite TikToker. Before going live on TikTok, know the most popular live categories on TikTok, such as talents, daily life, fashion, gaming, and Q&A.
TikTokers with one million followers can reach up to $5,000 monthly. Aside from making videos and going live, TikTokers double up their earnings. They often sell their merchandise, use affiliate links, and make deals with brands to earn extra money. Moreover, brands pay you $200-$20,000 for promotional videos on TikTok. You can reach out to different brands and create sponsored videos. For instance, brands like L’Oreal, Princess Polly, and Nike pay influencers to promote their products.
So if you have a large number of followers, contemplate reaching out to your favorite brands. Popular TikTokers with millions of followers can charge a whopping $500,000 per post.
How to make money on TikTok 2022?
If you have an entrepreneurial spirit, you can kick start your career by using TikTok as a platform to showcase your talent. Making money on TikTok in 2022 requires creativity. While there are official app-fund methods of earning cash, there are many ways that you can make money on the platform, even if you don’t have a ton of followers. In addition, a brand partnership on TikTok can earn you upwards of $80,000. If you are a creator with a large and engaged audience and a track record of success on the platform, you can buy an expensive car with your earnings from one video.
As for the TikTok Creator Fund, you can earn between 2-4 cents for every 1,000 views. You might desire $20 to $40 after reaching a million views.
Four strategies to make money on TikTok
1. Partnership with a trusted brand
If you are a user, you might have heard of sponsored content on TikTok, defined as content for which you receive something of value. For example, a brand might pay you to make a TikTok video talking about how great their soy candles smell, or you might receive a free skydiving trip to post about it. Some brands are interested in entering such paid collaborations, so influencer marketing is blowing up on the platform.
If your TikTok is all about your essential vegan journey and suddenly you start posting about your favorite local burger joint, your followers will see right through you. It makes you look like a sellout. So, ensure that your sponsored content aligns with your regular content.
Another thing you should go about is making a press kit for your TikTok account that is like a movie trailer for yourself. It hypes up all the great things about you and gives the brands good reasons to work with you. It includes contact information, photos, and worth noticing achievements. It’s a great idea to create a few non-sponsored posts so brands can see what you have that takes to drive sales to their business.
Moreover, you can use the branded content toggle as you know people don’t like to be deceived, and it turns out that apps don’t like it either. TikTok created a brand content toggle to make sure that users were being transparent. If you create content for sponsorships, hit the button or risk your video being taken out.
2. Make a partnership with an influencer
If you are an established enterprise looking to boost your presence and make money on TikTok, reach out to an influencer whose content aligns with your brand. Take your time scrutinizing each creator’s page. Stay away from problematic TikTokers.
3. Make Tiktok a source for advertising your products
This is the most obvious route for money-making if you have established the merchandise. Create high-quality TikToks that show off your products, including details that make them unique and fascinating. Make sure you add the link to your shop in your bio.
4. Get TikTok’s Creator Fund payouts
In 2022, TikTok has announced its new Creator Fund, pledging to give $200M to encourage those who dream of using their voices and creativity to spark inspirational careers. The internet and the world ate it up, and only one week later, they announced that the fund would grow to $1B by 2023.
Advantages of TikTok
As TikTok is ruling the world, it is because of its significant advantages. Some of the notable benefits of TikTok are mentioned below:
- It is probably the best platform to show your talent to the world. Especially if you are good at something, it is never too late to make a source of earning money. Let’s say you have got some talent like dancing skills; you can easily show this to the world without costing anything. TikTok makes it feasible for the smaller creators to reach a wider audience much easier.
- TikTok is filled with the most entertaining creators who can entertain you for hours without making you bored. Its short videos keep you so engaged that it becomes difficult to keep your eyes off. Thousands of videos uploaded to the platform every day provide a consistent flow of fresh content at your fingertips. It can be more entertaining than some movies if you are really into such short clips that make you laugh and be entertained.
- TikTok is a tremendous source of money as it provides an opportunity to reach you to brands. You can post your creative content and earn a considerable amount of money after 1 million views. If you promote brands’ products, they will pay you as well.
- Apart from these, you can promote yourself and gain publicity on the platform by being a famous creator, driving more opportunities for you outside TikTok.
- The best thing about TikTok is that anybody can use it. Unlike other kids, you don’t have to be a StarKid or already famous for starting using TikTok. You are good to go as long as you have a smartphone and a stable internet connection. A lot of the features provided by the app, such as the beautification of the videos, make it more effortless to upload content.
Disadvantages of TikTok
Despite the fact that millions of talented creators perform well in the app, other thousands use it for things that are not even categorized as ‘Art.’ Some things can be tedious and misleading, and such content makes the viewers bored. On the other side, if you put a limit on the amount of time you spend on any application, it won’t affect your studies or lifestyle. On the other hand, if you are obsessed with this app, it is enough to distract you. So beware of making yourself addicted to it because it won’t end up in a good result.
In addition, staring at the screen for several hours is not suitable for your vision. Sitting on the couch and wasting time watching videos without physical movement will make you lazy and lethargic. This is not an entire fault of the app that provides entertainment, but it is the actual cause. So it’s your responsibility to make sure that you give rest to your eyes and body while using TikTok for several hours.
If you are a parent, know that TikTok is not a child-friendly app. It is your responsibility to keep a check on your kid’s activities. Although TikTok has policies preventing sensual content from being uploaded to the platform, such videos are still floating around. Hence, prevent your kids from using such apps as it could be trouble sometimes.
How to make money on the TikTok creator fund?
The funds that each creator can earn are worked out by factors, including the number of views and the authenticity of those views, the level of engagement on the content, and making sure content is in line with our community guidelines and terms of service. TikTok creator fund launched last year with a whopping initial investment of $200 million and a promise to reach $1 billion in the next three years. The TikTok creator fund was launched to encourage those who dream of using their voices and creativity to spark inspirational careers.
There is presumably a large bag of TikTok money just waiting to be claimed by the most brilliant, most talented, and most engaging content creators. TikTok creator fund is an instant success and is so popular. TikTok is secretive about its payout structure. The users who meet their requirements will be compensated for well-performing videos. TikTok estimates its payouts on factors like views, video engagement, and even region-specific performance.
There are no complex rules about how much the TikTok Creator Fund pays its contributors. But an abundance of creators has gone on record to explain their own experiences with the Creator Fund. The consensus is that TikTok pays between 2 and 4 cents for every 1,000 views. Quick math indicates you might hope for $20 to $40 after reaching a million views. Once you have ranked up at least $10 from the fund, you can simply withdraw your Creator Fund payout using an online financial service like PayPal.
How many views on TikTok to get paid?
Making money directly from TikTok requires that creators have a certain number of followers and views to access these features. In order to join TikTok’s creator fund, a creator must be 18 years or older and have at least 10,000 followers. Another requirement to get paid is to achieve at least 100,000 video views in 30 days. Influencers create attractive and engaging content and meet a baseline of 10,000 followers. Once they reach the threshold, they can apply for TikTok’s Creator Fund through the app.
In order to receive virtual gifts during a Livestream, a creator must be 18 years or older and have at least 1.000 followers. The amount that an influencer can make from each feature is surprising. Creators with just a hundred followers can also get cash on TikTok by participating in music marketing challenges, among other types of deals. Some challenges are a new advertising tactic in which record labels or artists post contests on platforms.
The company then pays users on a sliding scale based on the number of views and likes they drive to the track, rather than offering an upfront flat fare to a single influencer. Influencer marketing would initially work to pay a few people with big followings, but it would be like throwing a few big logs onto a non-existent fire.
Tiktok money calculator
The TikTok money calculator lets you calculate your estimated earnings from your TikTok account if you believe you are an influencer based on your engagement and number of followers. There are a lot of websites that let you calculate your TikTok earnings only by putting your usernames. There are primarily two different ways for anyone to earn money on TikTok. The most common way is called influencer marketing which means promoting other brands or products on your videos. It means having sponsored advertisement videos to generate more sales for the brand or the product.
The second way to earn money on TikTok is to advertise or sell your own products or services in your video. You can broadcast your makeup business or online courses. Whether you do influencer marketing or promote your services, you will definitely need solid traction on your videos. It means you will need many followers, comments, likes, and views before your profile attracts enough engagement for the advertisements to be worth the effort for the brand. Usually, you need more followers and hundreds of comments per video.
Final words
Gone are the days when people had to run toward different industries to get a chance to show their talent. TikTok provides an excellent opportunity for small creators to show their talent, creativity, and skills even from a room. It requires high-quality and productive content to make you famous. The best thing about it is that you can earn money through it. Anyone can gain popularity and fame by using TikTok and as a platform to entertain people where they are appreciated. So try to use it as a good source instead of making it a cause of distraction.
