Skip to main content

How People Make Money on TikTok

 


How People Make Money on TikTok

Key points

  • TikTok creators earn $0.02 to $0.04 for every 1,000 views.
  • TikTokers who make it big do so primarily through partnerships.

  • It’s clear that some people earn money by posting videos to TikTok, but how’s it done, and how much do those lucky few make? 

    While we can’t verify annual incomes, Addison Rae -- who rose to fame by dancing on TikTok -- reportedly earns in the neighborhood of $5 million annually. Sisters Charli and Dixie D’Amelio are not far behind, with incomes estimated to be $4 million and $2.9 million, respectively. Like Addison Rae, the sisters grew a fan base by posting dance videos. 

    So, how do they do it, these new social media stars?

    It's a climb

    When you only have between 15 seconds and three minutes to make a name for yourself, it’s amazing that anyone has managed to become rich and famous. The first goal for many TikTok creators is to join the TikTok Creator Fund. This is the pool of money from which TikTok pays creators. To participate, a creator must: 

    • Be at least 18 years of age
    • Be based in the U.S., U.K., France, Italy, or Germany 
    • Post original videos
    • Have a minimum of 100,000 video views in the last 30 days
    • Have a minimum of 10,000 followers

    To give you a sense of how long the average creator might take to earn money through the TikTok Creator Fund, every 1,000 views makes the creator between $0.02 and $0.04. That means a creator with a video viewed 1 million times can expect an extra $20 to $40 in theThose making millions are doing more. Here are three other ways the big names have become big names:

    1. Snag a corporate partner

    Like all social media, TikTok is about making money, and everyone wants a piece of the action. Businesses want to harness the popularity of a creator to get more eyes on their products. For example, if a creator with millions of followers stops what they’re doing to talk about the new tennis shoes they’re wearing or to extol the virtuesit’s because they’re being paid to do so. 

    That’s not to say that viewers are unaware that it’s an advertisement. TikTok insists that creators enable their branded content toggle when posting paid ads. The toggle adds a disclosure to the post description, making viewers aware that they’re about to see an advert. TikTok will remove such a video if the disclosure is not included. 

    Still, when a creator becomes popular enough, viewers will watch anything they produce, including commercials. And according to Hootsuite, a big-name creator with a large audience can earn up to $80,000 through brand partnerships. 

    2. Advertise their own products

    Let’s say a chef creates a new brand of pots and pans. If that chef has enough regular TikTok followers, they have ready-made customers. By encouraging followers to purchase the line of cookware, they can grow the brand. 

    And sometimes, the merchandise sold is a way for TikTok viewers to tell the world about their favorite creators. They might wear a t-shirt or carry a tote with the face or name of a creator printed on it. It may not be the same thingTikTok creators look for ways to extend their reach through merchandising, and that merchandise can bring in big dollars.

    3. Harnessing the power of a media personality

    Some creators seek to partner with trendy, well-liked media personalities to help raise their visibility. For example, if a TikTok creator builds an audience by sharing fitness videos, they might reach out to a more famous fitness influencer on Instagram. Suppose that person agrees to partner on a video or series of videos. In that case, the TikTok creator may be able to impress the influencer’s followers to become one of their followers as well. 

    Of course, both parties must gain something from the deal. For example, the TikTok creator might pay the influencer or promise to promote their new fitness book in a specified number of videos. Making it big on TikTok takes ingenuity and drive, but creators with both can strike it rich. 

    Alert: our pick for Best Cash Back Card Overall now has a 0% intro APR until 2023

    If you're using the wrong credit or debit card, it could be costing you serious money.



Comments

Post a Comment

Popular posts from this blog

52 Work From Home Jobs for you

  52 Work From Home Jobs Paying as Much or a Lot More Than the Average UK Salary. The money can be pretty good but you're on your own. For some people that's the best part. 1. Affiliate Marketer  When the visitor clicks the affiliate link and buys the book, Amazon will pay you a percentage of the sale. People love affiliate marketing because they can start earning money passively with few startup costs. 2. Animator Are you an artistic and creative individual who is able to create animation and visual effects for television, movies, video games and other types of media? 3. Baker/Caterer/Chef If you have a knack for baking or cooking, then turn your passion into a side business. From your own kitchen, you could start a catering business or become a personal chef. If you're a baker, you could sell you goods to friends, neighbors, online or at local farmer's markets. 4. Blogger Blogging is inexpensive and easy to start doing. It could be as simple as you just writing about ...
Post a Comment
Read more

Building Websites

  How To Make Money Building Websites. If you have experience building websites, you have the potential for a great side hustle or even the ability to leave your traditional 9-5 job behind for flexible, enjoyable self-employment. But the biggest question for most people when evaluating how to make money building websites is how to get started. We’ll explain step-by-step how to get started and make a profit with building websites Do you know how Does Making Money with a Website Work? If you have skills in website design can make money because not every business owner has the time or ability to create their own website.  Generally, the cost for building a website is a flat fee that you charge for setting everything up for the customer. Then you hand off the final product for them to manage or you can charge a monthly fee to manage the website moving forward. Alternatively, you could build a website and use it to generate side income. The best way to do that is to set up ads and ...
Post a Comment
Read more

Buying and Selling Stuff Online

  Interested In Buying and Selling Stuff Online? Here’s How You Can Start Out Buying and selling stuff online can be a great way to make money. It’s a comeback of the flea market world, made more convenient through the web. And if you’re into buying and reselling, you can find numerous items to flip on eBay. There is a lot of stuff out there to be sold both online and offline. Selling stuff online can be even more fun and addicting but you have to understand that there are a lot of gains and losses especially when your business is just starting. Let’s take you through the journey and how you can set yourself up for success. 1 First Identify Or Create Products That Solve A Problem If you want to make money selling online, you’ll need to select or create products that solve a problem. Solving problems is the best way to make money. Find products that solve a problem and you will never run out of customers.  For example, if you are creating or improving an existing product (or se...
Post a Comment
Read more