In this article we will answer the question of how to make money on tiktok. And is that, although we love spending time consuming short videos, you can also monetize your account as a content creator.
Here we summarize the most effective ways to make money with tiktok according to our experience and knowledge, since We have specialists in social networks and who knows this topic firsthand:
How many followers do you need to have on TikTok to earn money?
Although one of the most frequently asked questions is how much TikTok pays, the first step is to find out if there are any minimum requirements to start monetizing our accounts.
The first thing you should know is that you will earn income thanks to the TikTok Creator Fund. It is a fund of 70 million dollars, which will be distributed among the creators who will meet them requirements:
- Be a resident of Spain, the United Kingdom, Germany, France or Italy.
- Do not break the rules of the TikTok community, thus having an account free of violations.
- Be over 18 years old.
- Have a minimum of 10,000 followers
- Have a minimum of 100,000 views on your videos in the last 30 days
Therefore, we can conclude that yes, You need 10,000 followers to make money on TikTok with the visits you have in your videos.
If you meet the requirements and have a personal account, you can access the TikTok Creator Fund from Profile > Menu > Creator Tools > Creator Background.
If you have a professional account, you need to log in to change it to a personal account Profile > Menu > Settings and Privacy > Manage account > Switch to my account.
Finally, if you submit your application and it is rejected, you can try again in the next 30 days.
Earn money on TikTok by watching videos
Thanks to the functionality of TikTok bonuses It is possible to earn money on TikTok by inviting your friends and when they watch a certain number of videos, you will receive a financial reward.
It is important to remember that the people you invite must not have previously been registered on TikTok. Only newly registered users will be counted.
To access this function it is necessary to click on the coin icon which will sometimes appear in your account or profile page.
There, a new tab will open with your link to invite your friends, as well as the amount of money you will earn based on the number of videos consumed by the people you invite.
How to make money with TikTok LIVE
By going live, you can earn money in two different ways: on the one hand, with gifts that viewers send you, such as Diamonds, or by charging people to join your community.
LIVE gifts
Los LIVE gifts they are a feature that allows viewers to show their appreciation in real time during your live broadcasts.
Among these gifts are diamondsthat you can redeem for real money at the end of your life (diamonds are the only reward you can redeem for cash). You can see the total amount of Diamonds you received during the in-cast Summary of your broadcast
We insist it Diamonds can be exchanged for real money payments or virtual elements, depending on the creator’s preferences. The amount of money received for the number of diamonds will vary depending on the creator and stream.
On the other hand, viewers who want to give you Diamonds need to buy Coins with their money first, so in case someone sends them to you, it would be nice to thank those donations.
As you can see, they are a way of thanking the content you are uploading, so we advise you in any case to always thank your community for the support it is offering you.
LIVE Subscription
THE LIVE Subscription Allow your followers to subscribe to your account in exchange for an economic amount, and thus obtain some advantages, such as:
- Get exclusive badges for your profile. When they comment on you, that badge will appear next to their username.
- Use exclusive emoticons during live shows. They will be able to use them during the LIVE broadcasts you do, although remember that you are the one uploading the custom emoticons, so your followers will definitely appreciate that you upload a wide variety.
- Chat for subscribers only. You can select that, when sending a direct message, only members of your community can write. This way you will get closer to them, and they will feel privileged to be able to participate during your LIVE commenting in chat.
It should be noted that there are certain requirements to enable the subscription option to your account and they are over 18 years old, complying with the TikTok community rules, as well have at least 1,000 followers.
How TikTok rewards work
We have previously commented that, during live broadcasts, users can send you rewards like diamonds (which you can later exchange for real money).
However, there are other rewards besides diamonds that you will not be able to redeem for cash, such as merchandise or visuals. AS, the only reward that will earn you real money is diamonds.
It should be noted that the amount of money you can withdraw for diamonds given to you can vary. But, in any case, before doing so you will see the total amount you will receive.
Finally, you should know that every time you trade your diamonds for real money, both TikTok and the payment platform will take a commission for the change:
- If you select PayPal as a payment method: commission of 1.5% of the amount + $0.10. You have to accumulate a $1 minimum to get money this way.
- If you select the option of bank transfer: $2.90 fee. You must accumulate a minimum of $9 for the UK or Germany and $4 for France or Sweden.
Brand Sponsored Content
TikTok has launched its own platform, TikTok Creator Marketplacefrom which you can connect with brands related to your sector to reach economic agreements with them.
For example, if you report electric car news in your account, an electric car brand might be interested in being featured in one of your videos in exchange for money.
TikTok Creator Marketplace was born with this goal of putting creators and brands in contact, even if you can also reach agreements with brands by contacting them directly, or by getting them to write interested in sponsoring your content.
affiliate systems
An affiliate system consists of promoting a product or service in exchange for receive a commission for each sale generated.
Normally these sales are accounted for using a affiliate links. That is, the company will provide you with an exclusive URL through which, every person who buys through it, you will get the commission.
The profit percentage per sale will vary by deal, but in Amazon Affiliates we find an average percentage of 2% per sale. However, we advise you to contact other brands directly in case the commission could be higher (between 10% and 20% would be a good percentage of profit).
For greater effectiveness, We recommend placing the affiliate link in your profileso that it is easily accessible and you can get more sales.
Direct sales
Last but not least, we find the direct sales you generate through your content. And it is that, by maximizing your online visibility, it is normal for them to arrive customers interested in your services or sales in your online store.
We know very different cases: from chefs who order meals at home who loved the videos, to psychologists who accept online sessions with some of their followers because they trust them after seeing their content.
Moreover, opportunities in this regard will come by themselves. There are a number of ways to benefit from strengthening your business or personal brand:
- To publish a book.
- Sell ​​merchandise like T-shirts or caps.
- Offer training services to companies or individuals.
- Maximize your eCommerce sales thanks to the visits that come from your profile.
For us, these are the most effective ways to make money on tiktok. And you, which ones worked best for you? We read you in the comments!
Podcaster on Campamento Web, the most listened Spanish-language SEO news and talk show for over 5 years. Also, creator of Clave Podcast, the podcasting portal to train you as a podcaster. Graduated in Communication at Loyola University and SEO consultant, even if he currently focuses more on his own projects focused on the field of communication and web positioning.
