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What is the TikTok Creator Fund (How to Make Money on TikTok)

What is the TikTok Creator Fund? (How to Make Money on TikTok)

Hey, welcome to the channel! I'm Owen Video, YouTube strategy growth coach, and founder of thevideomarketingschool.com, where you can access tons of pre-recorded training videos to help you build a profitable YouTube channel. Today, we're talking about the TikTok Creator Fund and how you can leverage it to make money on TikTok.

Understanding the TikTok Creator Fund

The TikTok Creator Fund is a big pool of money set aside by TikTok to help creators monetize their content. Initially, the fund started with $ 200 million, but TikTok has committed to gathering over a billion dollars by the summer of next year. This money is waiting for creators to get monetized and start making money on the platform.

The Creator Fund works similarly to how YouTube AdSense functions. When you upload a video on YouTube, ads may play in front of it, and as the creator, you make a few bucks. On YouTube, there are tons of advertisers, offering plenty of opportunities for monetization. TikTok, however, is different. There aren't many advertisers yet, so TikTok gathered private money to create a pool for creators.

Requirements for the TikTok Creator Fund

To qualify for the TikTok Creator Fund, you must meet these criteria:

  1. Followers: You need over 10,000 followers.
  2. Views: At least 10,000 views on your videos over the last 30 days.
  3. Age: You must be over 18.
  4. Account Type: Your account needs to be a pro account.

Inside the Creator Fund

So, how much does TikTok pay creators? Let's dig into my account for an example. Upon opening TikTok, navigate to your channel page, and click on the three dots to select the pro account. Then look for the TikTok Creator Fund at the bottom.

For instance, my total estimated balance is $ 397.35. While this might not cover all your bills, it's enough to pay for some key expenses, like hiring an editor or buying props.

How Payments are Calculated

Payments are calculated three days after the video views are approved. You can withdraw your balance approximately 30 days after the end of each month. Essentially, this is a 60-day net payment cycle, which is standard in the business world.

Growth and Earnings

The more videos you upload, the higher your earnings. When I first started, I made around 35 cents a day. Over time, that increased to $ 7, and now I'm averaging about $ 15 a day. For example, my biggest earnings day was $ 64. The key here is to consistently upload high-quality content.

Strategy for Success

You don't have to upload more videos every day to make more money. Instead, focus on creating high-quality videos that can go viral. For instance, one of my videos with 8 million views resulted in higher earnings.

Source of the Creator Fund

The TikTok Creator Fund primarily comes from TikTok's parent company, ByteDance, which is based in Beijing. ByteDance is the world's largest and most valuable privately-held company. Although the money possibly comes from Chinese investors, TikTok's recent transfer to American management and servers has increased the app's security.

Conclusion

The TikTok Creator Fund is a great opportunity for creators to monetize their content. Keep creating high-quality content to grow your channel and make money on the platform. For more insights on how TikTok works and how to maximize your earnings, watch the video on your screen now. I'm Owen, and I'll see you in the next video!

Keywords

  • TikTok Creator Fund
  • Monetization
  • Followers
  • Views
  • Pro Account
  • Earnings
  • Marketing Strategy
  • ByteDance
  • Payment Cycle
  • Viral Content

FAQ

1. What is the TikTok Creator Fund? The TikTok Creator Fund is a pool of money set aside by TikTok to help creators monetize their content.

2. How much money is in the TikTok Creator Fund? The fund started with $ 200 million and is expected to grow to over a billion dollars by next summer.

3. What are the requirements to join the TikTok Creator Fund? You need to have over 10,000 followers, at least 10,000 views in the last 30 days, be over 18, and have a pro account.

4. How are payments calculated in the TikTok Creator Fund? Payments are calculated three days after video views are approved and can be withdrawn approximately 30 days after the end of the month.

5. Where does the money for the TikTok Creator Fund come from? The fund primarily comes from TikTok's parent company, ByteDance, which is based in Beijing.

6. How can I increase my earnings on TikTok? Consistently upload high-quality, engaging content to maximize your views and earnings.

7. Is my bank information safe with TikTok? Yes, since TikTok's transfer to American management and servers, the app is much more secure.

8. Can TikTok earnings cover my expenses? While initial earnings might be small, they can cover costs for things like hiring an editor or buying props. As your channel grows, so can your earnings.

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