The TikTok Creator fund has enabled many content creators on the social media platform to monetize off of their videos.
The highest paid TikTok star, Charli D’Amelio, is reported to earn an average of $17.5 million from her content and brand deals that have come as part of her success on the app.
Do you think you have what it takes to make TikTok a full on side hustle? Let’s find out!
All about the TikTok Creator Fund
The TikTok Creator Fund is a program that rewards users that are engaging a large audience on the platform through the content they produce.
Participants are credited on a payment plan depending on the success of their videos.
The funds are allocated following the sharing of content and payment is entirely dependent on organic traffic, as opposed to paid ads.
Who is eligible?
TikTok’ers aged 18+ are eligible to apply for the fund if they meet the following criteria:
They are a legal resident of the United States, the United Kingdom, Germany, Italy, France, or Spain.
They comply with TikTok’s user terms and community guidelines.
Their account has at least 10,000 genuine (not bought) followers.
Their videos had at least 100,000 genuine views in the 30 days preceding their application.
In order to receive compensation, applicants have to link their account to an online payment plan authorised in their name.
How they calculate payments
TikTok’s website specifies factors such as the number of views, the authenticity of those views, and the level of engagement all play a factor in how exactly payments are calculated for creators.Â
Creators will be able to see the funds in their creator dashboard 3 days after views have been added up. The creators then have up to 30 days after uploading the video to withdraw the payment.
Steps to getting started
It is relatively simple to apply for the fund if you meet the application requirements. You must, however, have a Pro account before you can do so.
1)Getting a Pro account
Go to “Manage Account” option in the app’s Settings and select “Switch to Pro Account.” These  accounts have access to insights that help you track video performance, including engagement and your audience growth –  in addition to access to the Creator Fund.
2)Clicking the Creator Fund button
Go to your account settings and select “Creator tools.” Then, choose “TikTok Creator Fund.”
At this stage you need to confirm that you are at least 18 years old and that you agree to the TikTok Creator Fund T&C’s.
3)Waiting for approval
Once TikTok verifies that you meet the requirements and authorizes your account, you’re all set.
If your application is rejected, you can resubmit it after 30 days.
The benefits
The great news is, there is no cap on how much money someone can make from the fund. Therefore, it is a great motivation tool to continue growing your brand and coming up with innovative ways of targeting and engaging your audience.
Furthermore, another incentive to join is that brands looking for  influencers to partner with prefer to collaborate with creators that can showcase their abilities and create a ROI.
The TikTok Creator Fund encourages organic content, however, it is a small margin of monetization on the platform.The majority of TikTok influencers and content creators’ income emanates from TikTok paid promotion/ads and working with brands on certain campaigns or sponsored posts.Â
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