What is TikTok Creator Fund And How Does it Work?
TikTok is becoming more than just a social media App where people watch and download short videos. It is now a business platform for many, and their earning millions of dollars through the TikTok Creator Fund.
The creator fund is just one of the many ways to make money on TikTok. You don’t need millions of followers to get paid on TikTok. With a minimum of 10, 000 engaging followers, you are go to.
The number may look far-fetched if you’re starting off, but people almost always follow good content. So, if you make that your focus, and you will hit that 10,000 mark in no time. Let’s get started.
What is TikTok Creator Fund?
The TikTok creator fund pays people for the contents they post on the App. It is more like a reward program to encourage creators to use the TikTok App.
Once you apply for the program and accepted, you have access and chance to earn money by just uploading videos to the platform. Successful applicants of the Creator Fund, get access to:
- Live Stream Gifts – You can receive gifts from your followers during live streams. The gifts can later be redeemed for cash.
- Video Gifts – Similar to the above, you can make money from video contents. Any gifts they receive can be exchanged for cash
- TikTok Creator Marketplace – The TikTok marketplace allows you to connect with brands and agencies that are willing and ready to create paid content with you.
- Tips and donations – You can use this feature receive tips or donations from your audience who like your content and want to support you financially.
How does the TikTok Creator Fund work?
The TikTok Creator Fund will pay you based on video views and engagement. You can only get paid for videos that meet TikTok’s Community Guidelines and Terms of Service.
According to the TikTok Creator Fund Page; “A number of factors influence how funds are calculated for videos under the program. These elements include video views, video engagements, as well as ensuring the videos adheres to the Community Guidelines and Terms of Service.”
Do TikTok creators get paid?
TikTok content creators with 100,000 followers or more can get paid $200 to $1,000 a month. While creators who have 1 million or followers can get paid $1,000 to more $5,000 a month.
Does TikTok pay for ads?
Unlike platforms like YouTube, TikTok doesn’t pay their creators from ads. TikTok pays based on sponsorship deals, affiliate marketing, song promotions, content views and the like.
How much does TikTok pay for 500k views?
With 500,000 views on TikTok will pay you $15. TikTok pays content creators about $0.02 – $0.04 per every 1,000 views.
Based on your engagement on TikTok, you can get paid between $500 – $1000 per sponsored post from brand deals and partnerships.
How can I apply for TikTok Creator Fund?
You can apply for the TikTok Creator Fund within the TikTok App by clicking on “creator tools” and selecting “TikTok Creator Fund”. To be eligible for the fund, you must meet all these requirements:
- Your account meets TikTok’s Community Guidelines.
- Have a minimum of 10,000 followers (but this requirement may vary based on location).
- have at least 100,000 video views in the last 30 days.
- have at least three posts in the last 30 days
- must be 18 years old and above.
How much does TikTok Creator Fund pay?
The TikTok Creator Fund has become a money making avenue for many TikTokers. The TikTok earnings from the fund varies among creators. Usually, your content, following and engagement plays a big part of how much you get paid on TikTok.
For instance, you can charge between $200 to $500 per sponsored post with good following and engaging rate from 0.40% above. You can increase your earnings on TikTok by working on brand deals, song promotions, and other types of in-app purchase or marketing.
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