Use this platform to support your business, post sponsored content or tap TikTok’s, Creator Fund. So where did the last hour go as you scrolled through micro-videos of choreographed dance challenges, baffling illusions, makeup instructions, giggling babies, practical jokes, and who knows what else on TikTok?
What is the revenue model for TikTokers? Is going from watcher to creator something you’d like to pursue? What you need to know is as follows:
The ways people make money on TikTok
1. They market their business and attract new clients
Assume you already have gigs lined up. You may make money by selling things online, consulting with clients for a fee, or making money on YouTube.
More consumers, clients, or viewers may be attracted to your TikTok content. In addition, it’s a fantastic way to attract traffic to other platforms, such as your website, email list, or YouTube channel.
2. They score sponsorships
Assume that the majority of your TikTok posts are around a single topic, such as dog care. However, there may be dog food and leash companies interested in reaching out to your dog-loving audience. These businesses may approach you for assistance.
The method could operate in a variety of ways. For example, perhaps the company offers you a free item, such as a dog toy, in exchange for mentioning it in one of your TikTok videos. Or maybe you agree to promote the product in exchange for a monetary reward from the company.
Or perhaps you get down to business. You create a contract with the firm in which you commit to writing a particular number of posts about the toy in exchange for a set sum of money. You might also approach firms directly and offer a deal like this, mainly if you currently use and recommend their products.
3. They tap TikTok’s Creator Fund
This resource is a pool of money that TikTok distributes to everyone in the Creator Fund; If you have at least 10,000 followers, 100,000 video views in the last 30 days, and meet a few more requirements, you can apply for this fund.
How much money can you expect to make? Unfortunately, the answer is a little hazy. TikTok’s Creator Fund FAQ page states the following:
“The funds that each creator can earn are worked out by a combination of factors, including the number of views and the authenticity of those views, the level of engagement on the content, as well as making sure content is in line with our Community Guidelines and Terms of Service.
Unless you’re hustling and pumping out successful content, this fund probably won’t be your main source of income.