TikTok is a platform entrenched in creativity. Despite the challenging past few months for many, we've been impressed by the outpouring of humor, sympathy, and genuinely inspiring content from creators. The TikTok community is seen in exclusively expressive ways. The growth of relevant content, and the entertaining and energizing experience on the app, is a direct tribute to the creativity and spirit of our talented creators on the app.
TikTok has launched the TikTok creator fund to encourage further and support those who dream of using their creative talent and voices to spark motivating careers.
The addition of the TikTok Creator Fund is in alliance with the platform's commitment to supporting its creators via offering more such monetary opportunities. In the guide below, we'll discuss the TikTok creator fund, how to join it, its working process, and tips to get this fund with excellent content.
Stay tuned until the end!
Part 1: TikTok Creator
From comedians to cats, bodybuilders to renovators, Artists, Singers, Dancers. Educators and Musicians. A whole new globe of chance has arrived on TikTok with the TikTok Creator Fund. It is there to support and celebrate the brightest and top talent on this video-sharing platform.
The TikTok Creator Fund is not an ad revenue or sharing scheme. Creators receive funds depending upon different factors the platform used to collect from their videos, and creators will know that TikTok performance is vibrant - it changes naturally - so your funds will ebb and flow similarly.
Via the TikTok Creator Fund, users will realize extra earnings that help reward the devotion and creative elements they insert for connecting with a large base of audience.
According to the official notification, the TikTok Creator Fund will open applications from US users starting August.
The gist of this fund was on providing more monetary offers to creators via:
- Their $50M Creative Learning Fund, for emerging teachers on the platform. It has benefitted 1,000+US creators who the pandemic has hit;
- TikTok LIVE streams bring earnings to thousands of US creators who are 18+ and host live programs for their audience.
- The TikTok Creator Marketplace helps brands partner and discover with inventive users to team up on paid campaigns that impel awareness and further attract a new, global audience.
In terms of eligibility, users must be 18 years or above, meet followers' baseline, and continuously post original content in compliance with the Community Guidelines of TikTok.
How TikTok creator fund works?
- TikTok Creator fund calculation
Members of the fund will be given funds based on their specific video calculations. It means that earning per creator will vary depending upon their performance and its related factors as follows.
- The authenticity of views counts (no fake bots, real accounts).
- The authenticity of several streams, engagement posts, views per post, etc.
- The location where the engagement/views/followers come from.
- No content or video is limited, but they must comply with Community Guidelines and TikTok terms of service.
Apart from this, the daily funding amount can differ based on the number of videos published or released on that day. Therefore, the payments are highly fluctuating.
- TikTok creator fund payout mechanism
Tiktok has circulated money from the fund to some creators since August 10.
To keep track of funds, a page inside the TikTok called Creator Fund Dashboard is used. It will display $0 in the beginning because the money hasn't been processed yet. According to the users, the money begins after a few days (at least three days).
You can see all your fund balances on the dashboard once the payment is allocated to your account. You also need to incorporate your PayPal account into TikTok to withdraw the money. And, PayPal is the only method for TikTok creator fund payout as far as the current scenario is concerned.
Part 2: TikTok Creator Fund Requirements
While there's no limit on the joining quantity of content creators, you need to meet the following eligibility requirements, however.
- At least 100,000 followers.
- At least 100,000 total video views in the last 30 days.
- Located in the UK, US, Germany, France, Spain, or Italy.
- At least 18-years-old.
- TikTok account should comply with TikTok terms of service and Community Guidelines.
Part 3: How to Join the TikTok Creator Fund?
Creators who want the TikTok creator fund must go for the TikTok creator fund application and thus sign up for the program. However, it has no automatic joining-fund procedure. If you are capable but don't activate, you won't become a fund member.
Follow the steps given below to join the TikTok creator fund:
- Go to the Settings
- Switch to Pro/creator account (Personal account can't apply)
- Access the Creator Fund section in the new creator Settings.
- Tap Apply tab (Only eligible creators can hit this button).
There is also another way of application. The app itself sends a notification to the creators who meet the criteria. Besides, you can send an application via message.
- Visit the inbox and select the All Activity
- Select from Tiktok.
- Go to a notification saying, ‘Apply to the TikTok Creator Fund!'
- The message will forward to a new screen, letting you know your eligibility.
- Fill the TikTok creator fund application form: enter your email ID and hit the user agreement box.
- Your application gets approved if you're redirected to the Creator Fund Dashboard.
Part 4: Top Creators Who Have Received TikTok Creator Fund
Around 19 creators from the US have received from the $200 million TikTok creator fund.
1 – David Dobrik
This top YouTuber David Dobrik has 20 million+ TikTok followers.
2 – Michael Le
Michael Le has 36 million+ TikTok followers, and he earns between $50,000 to $80,000 per month via promotions and brand deals thanks to his TikTok fame.
3 – Avani Gregg
This makeup and dancer creator has 24million+ TikTok followers.
4 – Brittany Tomlinson
Comedian Brittany Tomlinson made her name on TikTok as ‘Kombucha Girl' for her funny reaction to the drink.
5 – Addison Rae
This Louisiana-native is social media's second most-followed star with 54.2 million followers.
6 – Charli D'Amelio
This 16-year old girl Charli D'Amelio is the most-followed TikTok star with 76.9 followers and top two on the list $4 million in earnings.
7 – Dixie D'Amelio
Dixie's fame goes in sync with her sister Charli's as they both appear in many of each other's videos. She is 18 and among the top three on the list who makes $2.9 million via her 32.8 million followers.
8 – Loren Gray
The 18-year old teen has 46.1 million TikTok followers and even surpassed many stars as well.
9 – Josh Richards
Josh Richards earned $1.5 million and made the number five spot. His fame is all thanks to his dance lip-syncs and signing videos.
10 – Spencer X
Spencer X, whose real name is Spencer Polanco Knight, made his sixth place after earning $1.2 million.
Other TikTok creator fund recipients include Cheyenne Jaz Wise, Justice Alexander, Marissa Ren, Ross Smith, Dr. Fayez (@lifeofadoctor), Matt Gresia (@mattgresia), Dreadknotwoodshop, Feelgoodfoodie, etc.
Part 5: Tips to Get TikTok Creator Fund with Amazing Contents
You have to create unique content to qualify for the TikTok creator fund constantly. Given below are some powerful tips that the recipients of the TikTok creator fund also follow.
For TikTok celebrities like Charli D'Amelio and Addison Rae, one of the primary income sources is sponsorships.
Addison has collaborated with companies like American Eagle, Disney, and Daniel Wellington. At the same time, Charli has partnered with places like Dunkin' Donuts.
Freshers who are just starting can go for businesses of even small sizes who are continually looking for ways to promote their TikTok brand other than the vast companies big influencers are collaborating with.
Adding a business contact and email ID to your TikTok profile will let companies know that you are open to collaboration and promoting products to your TikTok account as it grows.
- Gifts and Coins
Like Twitch, TikTok has implemented Virtual Items program that accesses users to offer gifts to their favorite creators.
Users can buy varying amounts of coins via their TikTok profile to buy Gifts, a selection of various emotes to be given to creators through live streams.
If you receive Gifts from the viewer, the Diamonds are received in return. Then, you can exchange these Diamonds for real money.
While this procedure may be slightly complicated, it offers an excellent way for followers to grow your content strategy and present appreciation for you directly through the TikTok app.
- Select your niche
Have a good idea of TikTok content as a creator for your audience. Choose a niche that interests and excites you to create entertaining and consistent video content. It's also great if you already know which types of niches are excelling on TikTok.
- Create an attractive profile
When you first create your TikTok profile, it's advised that you aim at adding a representative image of yourself and a friendly, unique bio. You can even link your website info in your bio.
- The Right Manner to create content
Use popular and trending hashtags every time you post content on TikTok. People must be able to find your content and engage with it. Conclusively, have a bit of knowledge about the working process of the TikTok Algorithm.
The fund comes at a significant deliberate time for TikTok. Paying TikTok creator fund in the US may boost its image in its current struggles with the US government. However, nothing is decided until now, and thus you must consider maintaining a robust content strategy for grabbing an impressive TikTok creator fund as mentioned above.