Introduction
In recent years, TikTok has become so popular that more and more people are becoming interested in making videos on the app as their full-time jobs as a result of its explosion in 2019. Not surprisingly, everyone wants to be a TikTok star like Addison Rae or Charli D'Amelio, but how much does TikTok pay its creators through its Creator Fund? Now let's take a look at what the answer is.
The TikTok Creator Fund was launched in March 2021 as a way for creators to make money on the platform by monetizing their content on TikTok. It isn't too difficult to imagine how much money that would seem to a creator who is just starting. It should be noted, however, that investing effort into getting accepted to the Creator Fund may only be worthwhile. But if you are okay with generating an unpredictable amount of revenue every month, which for the majority of creators is not equivalent to making a living full-time.
There's almost no way to predict what viral moment will take the world by storm this year. However, we can almost guarantee it'll trend on TikTok first, even if we don't know what it will be. And the app’s endless popularity means there are plenty of ways to monetize it.
One of the most prominent among them is the TikTok Creator Fund, which was started last year with a cool $200 million investment as its initial investment. Over the next three years, it is anticipated that it will reach a value of $1 billion.
You are right. There is presumably a large bag of TikTok money just waiting to be claimed by the most innovative, most engaging content creators out there. Do you want to know what the TikTok Creator Fund is, and is it worth your time?
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What is the TikTok Creator Fund and how does it work?
There is no doubt about it - the TikTok Creator Fund is a fund that is dedicated to providing monetary support for creators. I would like to clarify that this is neither an ad revenue-sharing program, such as YouTube's AdSense program nor is it a form of arts grant. TikTok is simply distributing income to creators who are dominating the platform and making a lot of money.
TikTok announced the creation of a Creator Fund at the end of spring 2021 with a $200 million investment as the first investment. According to the company, the fund was created "to encourage those who dream of using their voices and creativity to spark an inspiring career through the ability to use those voices and creative abilities."
Even though the TikTok Creator Fund wasn't without controversy, as you will read in the next part of this article, it was an immediate success. There is so much demand for the fund, in fact, that the company plans to increase the size of the fund within the next three years to $1 billion.
There is a degree of secrecy surrounding TikTok's payout structure. However, the general idea is that users who meet the company's requirements will be compensated for videos that perform well. A TikTok user's payout is determined by several factors such as the number of views, the number of video engagements, and the performance of a specific region.
In addition to observing the Community Guidelines and Terms of Service, videos also need to adhere to the intent of the guidelines. The only way to get views is to rack up as many as you can without breaking any of the rules. A major aim of the fund is to encourage content creators to embrace TikTok's ethos of entrepreneurial spirit, originality, and passion.
There are several ways in which creators can monetize their original content through the fund, such as:
- A Creative Learning Fund was established during the pandemic to allow educators to share their knowledge on TikTok as part of the Creative Learning Fund
- LIVE streams on TikTok
- Brands and creators can connect through the TikTok Creator Marketplace
- The number of views on the video
- Video gifts
Presenting a video discussing the payment details of the TikTok Creator Fund for the year 2023.
Do you know how much the TikTok Creator Fund pays?
The number of money creators can earn on TikTok is not limited by any cap. The company has also stated that no particular type of content is prioritized over others. However, the company has yet to disclose how payouts are calculated.
It is understandable why TikTok users had dollar signs in their eyes when they first learned about this vast fund. It is imperative to note, however, that high-performing TikTok users should not expect a life-changing payday just yet.
The TikTok Creator Fund does not have any specific rules about how much its contributors receive from the fund. The Creator Fund has had a good deal of success attracting creators who have spoken publicly about their experiences with the program.
It has been widely reported that TikTok pays between 2 cents and 4 cents per 1,000 views, according to the consensus. If you reach a million views after a brief time, you could expect to make $20 to $40.
When you look at that at first glance, it might seem pretty terrible. Don't forget: the fund should also inspire creators so that they can continue to create in the future. In no time at all, you could have millions of views on your TikTok account every day if you master the game.
You can withdraw your Creator Fund payout once you have racked up at least $10 in the Fund using an online financial service such as Paypal or Zelle. This is once you have accumulated at least $10 from the Fund.
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Who can join the TikTok Creator Fund?
You need to keep in mind that TikTok's creator fund is not available to every TikTok user on the platform, which is an important point to note. The following guidelines must be met for you to be eligible to apply:
- You must be based in the United States, Great Britain, France, Germany, Spain, or Italy.
- You have to be 18 or older.
- Followers must be at least 10,000.
- Within the last 30 days, you've had at least 100,000 views on your posts.
- Make sure your account doesn't violate TikTok's Community Guidelines.
- You should make original content if you want to make money.
You'll be able to join the Creator Fund if you meet those requirements.
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Is it worth joining the TikTok Creator Fund?
TikTok's creator fund is worth joining if:
- Keeping an eye on long-term growth
- You get millions of views of your content
- Earning next to nothing every month isn't a problem for you
- You don't mind a possible drop in views
Your content's quality and consistency are big indicators of your success with the Creator Fund. If you post a lot, you're more likely to become viral and get millions of views.
Your chances of success might be better if you build an audience. If you meet the criteria for the Creator Fund, it might not hurt to apply. You have nothing to lose by trying it out, even if you lose views!
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Pros of the TikTok Creator Fund
Money!
You always want to get paid for your work, so TikTok payouts are obvious pros. The money you earn through uploads can be a great motivating factor to keep uploading even if the amount is small.
Unlimited money!
It is also worthwhile to note that one of the most impressive things about the Creator Fund is the fact that TikTok hasn't set a limit on how much money a single user can earn. As a result, if you manage to master the platform and breakthrough to a point where you are racking up multi-million views per day, you could theoretically start earning yourself some decent money.
Friendship!
Moreover, the Creator Fund is an efficient means of fostering community and recognizing users who have devoted themselves to the platform. TikTok also sees it as a smart way to keep its high-performing users from switching over to YouTube or Instagram.
Cons of the TikTok Creator Fund
Conspiracy…
Since some users signed up for the Creator Fund. And they have complained that they have been cut down (by the algorithm?) in terms of the number of views they receive. The company denies this theory, saying participation in the fund doesn't affect the algorithm. There are so many more Fund recipients flooding the feed that the view counts might seem lower.
Confusion…
TikTok's general analytics are pretty decent, but how they calculate payouts is super-secret. The 2-4 cent rule is based on hearsay from users, as most things related to the Fund are based on hearsay from users. According to the user agreement, reporting metrics and other information about the fund that are specific to the fund are supposed to be kept confidential. This information should not be disclosed to third parties.
Commitment…
In addition to the hearsay, the biggest potential downside of the Creator Fund is the fact that to make money from the app, you’ll have to create a tremendous amount of content, and have it performs well, which could take a long time. This might make TikTok seem more like a job to some, rather than a fun hobby for others.
Do you think the TikTok Creator Fund is worth your time and money? It's all about personal preference. With the money, you make from the program. And you won't be buying a TikTok hype house. But it's a low-risk way to make more passive income.
Don't worry if you don't meet the requirements; it won't hurt. It's easy to quit if you don't feel like it.
How can I join the TikTok Creator Fund?
It's incredibly easy to apply for the Creator Fund. If you meet all of the requirements we listed earlier in this article. There are just a few steps you need to follow:
1. You need a Pro account.
If you already have a Pro account on TikTok, you can skip this step. If not, just open the app and tap “Me” to go to your profile.
Just click Manage Account from the three lines on the top right. Click Switch to a Pro Account under Account Control. You will then have the option to either subscribe to a Creator account under the Pro category or subscribe to a Business account.
2. Head to Settings and Privacy.
Choose TikTok Creator Fund from the list of tools under Creator tools.
3. Check the fine print.
It's probably a smart idea to read the TikTok Creator Fund Agreement before you sign anything. Also, you have to be 18 or older.
4. Submit and wait.
In case TikTok decides to approve your application, they will let you know as soon as possible. You do not have to worry if you get rejected because you can apply again in 30 days if you get rejected the first time.
There is no doubt that earning a living on TikTok isn't easy. However, applying for the Creator Fund is a smart way to monetize your TikTok content, regardless of how difficult it may seem. TikTok allows you to get paid for your work.