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How to Make Money on TikTok

Introduction

Hey everyone, in today's TikTok video, I want to show you exactly how to make money with TikTok and monetize your TikTok account. I'll discuss some important numbers and milestones that you have to reach first. What's interesting is TikTok has this thing called the TikTok Creator Fund. They started with 200 million dollars and are raising it all the time to pay creators based on the views they get on their videos.

TikTok Creator Fund

Let me show you how this works. The Creator Fund is just one of many ways you can make money on TikTok. Here are three main methods:

  1. Creator Fund: You get paid based on the number of views your videos get.
  2. Creator Marketplace: This is where you work with sponsors and brands to mention their product or service in your videos. This requires 100,000 followers.
  3. Live Gifting: You can go live on TikTok and receive gifts from your viewers.

There are also other methods like affiliate marketing and linking out to your YouTube channel, but for this article, let's focus on the Creator Fund.

Eligibility for the Creator Fund

To be eligible for the Creator Fund, the following requirements must be met (based on the time of this article being written):

  • You need to be in one of the following countries: US, UK, Germany, etc.
  • You must be at least 18 years old.
  • You need to have 10,000 authentic followers.
  • You need 100,000 authentic views in the last 30 days.
  • You must post original videos in line with TikTok's community guidelines.

I reached this point with just one viral video, and I'll break this down in an upcoming article on the video structure to go viral on TikTok.

How to Turn On Creator Fund

Here's a step-by-step guide:

  1. Open the TikTok app.

  2. Tap on the three dots on your profile page.

  3. Go to "Manage Account".

  4. Ensure you have a Creator account. If you have a personal or business account, switch to a Creator account.

    • If you have a business account, switch to a Creator account by selecting "switch to pro account".
    • Choose a category. For example, "media".
    • Confirm the switch.

  5. Go to "Creator Tools".

  6. Select "TikTok Creator Fund".

  7. Check if you meet the eligibility: 10,000 followers, 100,000 views in the last 30 days, and being at least 18 years old.

  8. Click "Continue", "Apply", and then "Verify".

  9. Enter your age and upload a verification document like a driver's license.

After submitting your information, it may take around 20 minutes for TikTok to review your application.

Completing Tax Information

Once approved, you'll need to fill out your tax information. If you're having issues filling it under a business name, try using your personal name.

Conclusion

Your first goal for monetizing on TikTok could be the TikTok Creator Fund. Once you're in, you can expand with affiliate marketing, sponsorships through the TikTok Marketplace, and more. I will share more articles on these topics soon.

Thank you for reading. Subscribe for easy-to-follow tech and social media tips, and I'll see you next time.

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