TikTok is the network that is all the rage among younger users. Created in China in 2016, it is used by millions of users around the world to share short videos in vertical format, videos that have a short duration and are played over and over again in an infinite loop. A perfect application to communicate and have fun, but also valid to obtain some extra income. Today we present you 5 proven methods to make money on TikTok.
The first thing to know is that to start monetizing a TikTok account you need to have a minimum number of followers (the figure of 10.000 is usually cited). followers) and meet a number of requirements.
How much money can you earn with TikTok?
The answer to this question It depends on many factors: the number of followers, the country of residence or the mode chosen to monetize, among others.
For reference, TikTok pays quite well for video views if the creator is part of the creator pool (explained later). In Spain, for example, the rates are between 2-3 cents for every 1.000 views and between 20-30 euros for 1 million views.
Whatever the amount generated in coins or coins of the application, this can be withdrawn when the minimum of 25 euros, which is equivalent to 3.125 coins. The maximum weekly withdrawal limit is 1.000 euros, that is, 125.000 coins. As you can see, you can earn a lot of money with TikTok.
Methods to earn money with TikTok
Let's get to the heart of the matter. Do you want to make money with TikTok and you don't know how? These are the five proposals what we bring you:
TikTok Creators Fund
As TikTok explains on its own website, the platform has launched a special fund to reward platform creators. It is the fund of creators or TikTok Creator Fund by its name in English.
This fund was originally 200 million US dollars, but was later expanded to no less than 1.000 million for the United States alone and twice as much for users from the rest of the world. The objective of this idea is none other than to encourage creators to generate content and earn money. With this initiative, everyone wins. Of course, to aspire to collect from the fund you must have an account with 10.000 followers or more.
These are the steps to sign up for the creators fund and be able to monetize your TikTok account:
- First you have to enter the TikTok app.
- There we have to change our personal account to "PRO account".
- Once the platform verifies that the rules and requirements of the fund are met, we are given access to a special tool called "Author".
- In this section there is a tab called "TikTok Creators Fund". In it we will fill in a series of data and accept the conditions.
TikTok ads
Another proven and safe way to make money with TikTok is the advertising, which we can manage from our own account. There are many and well-known brands that are advertised on this platform. That means that there is a lot of money invested. TikTok funnels these ads and, if our account has enough of a target audience, inserts them into our videos (paying us for it). For this you will use several modes or formats:
- Brand Takeover. It is a large format ad that is displayed when a user opens the publication.
- Gamified Branded Effect. It allows users to interact with the advertiser brand through gestures and facial expressions thanks to a filter with more than 20 different formats.
- Hashtag Challenge. In this format, the brand presents a video that at the same time poses a challenge to users.
- In-Feed: These are the videos integrated into the "For You" feed.
- TopView: Especially long full-screen videos (up to 60 seconds), which will appear in a preferred location within the platform.
As you can see, original advertising resources that have nothing to do with the static advertising of other networks.
TikTok Creator Marketplace
Beyond TikTok Ads, there is the possibility for the creator and advertiser to contact each other and establish their own collaboration agreements. To facilitate this contact, the platform offers a virtual meeting point: TikTok Creator Marketplace.
It is a websites specifically designed for brands and creators to meet and collaborate on TikTok. This is a more direct and simple way to monetize our tiktok creations, also very comfortable and convenient for advertisers. However, not all brands and companies are there. To enter this select club you need an invitation.
Coins in Go Live
Live streams on TikTok are made possible by a function called Go Live, available for accounts that have more than 1000 followers. In addition to other advantages, this option will allow us to monetize our content.
The formula is similar to that of Youtube with their Superchats and Superstickers. In this case, during the broadcast, followers can give the tiktoker virtual coins, as well as buy emojis and diamonds. And this translates into money. If you have a good number of followers, the better and more interesting the stream, the more rewards you can receive.
The prices of each of the lots are very varied. You can buy 70 coins for just over one euro up to 6.000 or 7.000 coins for around 100 euros.
TikTok Bonuses
One last method to earn money on this platform: TikTok Bonuses. In reality it consists in applying the old but effective formula of the referrals. An account owner can earn quite a bit of money just by inviting their friends and family to join the platform using their own referral code.
We will find this function in the upper left corner of our profile: a gold coin icon. It is also displayed on the side of the videos. Beware: it is not available in all countries, although it is in Spain.
When clicking on the coin, the option «Invite» will appear. This will allow us to share our referral link and earn up to 1 euro for each referral (rates from Spain). The money obtained can be made liquid through PayPal or by bank transfer.