TikTok – a platform entrenched in creativity – has become one of the most popular social media sites in the world in a short period. With more than 800 million monthly users worldwide, this short-form video app is now an unstoppable growth. Over the recent years, it has become the central hub for the young and ambitious creators of the world.
You know how to make TikTok videos, and you even post them regularly to build your brand – but did you know as a content creator you could also get paid for posting TikToks?
Building on its efforts to support content creators monetize their content, the popular video-sharing platform has launched TikTok Creator Fund to allow creators to earn money from their videos. The introduction of the fund program is in alliance with TikTok’s commitment to encouraging those who dream of making careers using their creative talent. The platform wants to push its users to take their ambition, creativity, and imagination to the next level.
Interested in joining this program but have no idea of who can apply, where to apply, and how to join the TikTok creator fund? Fret not! You’ve come to the right place.
Check out below to find out the answer and be ready to kick-start your TikTok career!
TikTok’s Creator Fund program is a $200 million cash fund, growing to $1billion over the next 3 years, to reward TikTokers for creating authentic, entertaining, and engaging video content. Launched in 2020, the TikTok creator fund is the opportunity of a lifetime for determined video creators to earn per view on their original content.
From artists to educators, singers to dancers, comedians to bodybuilders, the TikTok creator fund allows the brightest TikTokers to earn money through their creative content. It is a type of incentive for the creators and a way for TikTok to express their gratitude to the creator community for their creativity and ingenuity. The goal of the fund is to support the brightest and best TikTok creators who draw audiences to the platform.
Part 2: Who is Eligible to Apply to the Creator Fund?
TikTokers can apply for funding through the creator fund and generate income from their videos. Although there’s no limit on the number of creators who can join, there are certain TikTok creator fund requirements that creators have to meet to be able to access the program.
The initial criteria for applying to the TikTok creator fund are:
Must be at least 18 years of age
Should have at least 10, 000 followers
Must be based in the US, UK, France, Spain, Germany, or Italy
Should have at least 100,000 views in the last 30 days
Only post “original content” in line with the TikTok Community Guidelines
In other words, the creator fund is for content creators who have already proven their ability to make popular content. If you do not meet the above requirements, you won’t be able to access the creator fund or the income it provides. So, unless you have a moderate level of popularity on TikTok, you won’t be able to qualify to receive money from the creator fund. However, you can set your focus on the creator fund program and grow your account to match the TikTok Creator Fund requirements!
Part 3: Is the TikTok Creator Fund Worth Joining?
TikTok’s creator fund offers the opportunity to ambitious creators to make additional earning with their content. So, if you are a TikToker who enjoys making video content and want to and turn your creativity into a career, joining the creator fund program might be worth it.
Some of the many reasons why you should fill the TikTok creator fund application and join this program are:
The creator fund program was created to help new TikTokers gain followers and keep them entertained while they grow their audience.
It is an excellent opportunity and way to build an income and earn money through the videos that you post. Since the fund is open to all types of content, you can earn money doing what you enjoy.
Part 4: How to Join the TikTok Creator Fund?
Once you meet the eligibility requirements for the creator fund, you can easily apply to join and be accepted into this program. Joining the program will enable you to earn income through TikTok and make money by doing what you enjoy – creating videos.
Here’s a simple tutorial on how to join the TikTok creator fund:
Step-1: Log in to your profile
Step-2: Click on the three dots in the top right corner of the screen
Step-3: Click on Manage Account and scroll down to choose Switch to Pro Account.
Step-4: Then, choose Creator.
Step-5: Once you are done switching to Pro, go to your profile once again.
Step-6: Click on the three dots in your screen’s top-right corner.
Step-7: Scroll down and select Creator.
Step-8: You’ll see Insights and the TikTok Creator Fund. Ensure you choose the latter.
Next, you will be taken to the application process where you have to confirm you are at least 18-years-old. You may have to upload your ID for this. Also, you have to verify your location. Make sure you do not forget to read and accept the Terms and Conditions.
Alternatively, there is another way for you to apply. You can follow the below steps:
Step-1: Go to your inbox, click on the All Activity section on the top of your screen,
Step-2: Tap From TikTok where you will see notifications from TikTok.
Step-3: Find a notification saying: “Turn your creativity into opportunity! Apply to the TikTok Creator Fund.”
Step-4: The message will redirect to a new screen, thus letting you know your eligibility
Step-5: Fill the TikTok Creator Fund application form
Step-6: When you are taken to the Creator Fund Dashboard, it denotes your application is approved.
Part 5: Top 5 Highest Paid TikTokers
Before we delve into the richest TikTokers, it is recommended to know what TikTok creator Fund pays to users. So far, TikTok hasn’t officially announced what or how much it pays its creators. The creator fund isn’t a grant or an ad revenue-sharing program. However, influencers who are enrolled in the Creator Fund have reported that TikTok pays them between 2 and 4 cents per 1000 views.
TikTok Creator Fund payout depends on a range of factors in relation to your profile and the content you create. These factors include views count and their authenticity, number of engagement, the region where the views come from, and total followers compared to likes. Performance on this social media platform is dynamic as it changes naturally. Besides, the daily funding amount can differ depending on the number of videos released on that day. So, the specific amount differs from one person to another.
Now that you have an idea of the creator fund payout, you might be wondering about top TikTok creators who have monetized their content. Here’s a list of TikTok’s 5 highest paid TikTokers based on Forbes’ list of the highest-earning stars in 2020:
1.Addison Rae Easterling
Louisiana-native Addison Rae is TikTok’s top-earning star who earns $5 million in just a year. With sponsored posts, collaborations with the Hype House and many business opportunities, Addison has reached household name status.
According to Forbes’ 2020 breakdown, 16-year-old Charli D’Amelio has earned $4 million. She does sponsored content on TikTok and has also managed to leverage those efforts into large endorsement deals with reputed brands.
Dixie’s fame goes in sync with her sister Charli’s as they appear in many of each other’s videos. With earnings of $2.9 million, she is among the top three on the list. The D’Amelios signed joint deals with many companies and Dixie is striking out on her own with her music career.
Thanks to her immense popularity on TikTok, Loren Gray made a casual $2.4 million. In addition to the usual sponsored content and endorsement deals, she has turned her online success into a full-blown music career.
According to Forbes, Josh is worth $1.5 million – and it’s not just because of sponsorship deals with major brands. He earns income from his merch line and his own drink business too. Also, he has co-founded his own talent management company.
Doing what you are passionate about is one thing; making money from it is another. That is what the TikTok creator fund does for video content creators. So, if you trust your creativity, joining the creator fund program might be a lifetime opportunity for you. Maintain a robust content strategy and start earning money through your own content on TikTok!
Shanoon Cox is a writer and a lover of all things video.
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