TikTok is one of the best platforms to show your brand’s personality. Using the app, you can showcase your brand products or services effectively. TikTok is an excellent marketing strategy to grow and make conversions in your business. This app gives the easiest ways to interact with your target audience. You can engage with your audience by making new challenges and duet features or promptly respond to their comment with video forms.
TikTok influencers are earning more salary than most business revenue. So many content creators are planning ways to monetize their short videos. In July 2020, TikTok released Creator Fund, which allows users to make money by increasing the views count. Here is the guide to learning about TikTok Creator Fund.
What is TikTok Creator Fund?
TikTok Creator Fund is an official fund allocated by the app to give creators their incredible, creative, high-quality and engaging videos. It is a reward for creators who have a substantial engaging audience on the platform with their content. Creator funds encourage you to create and share engaging videos and get more views on your TikTok post. They were released in 2020, with the initial funding of $200 million for creators in the US. Later that year, it was also established in the UK, Italy, France, Spain and Germany.
How Does Creator Fund Work?
TikTok Creator Fund pays creators to produce captivating content for their audience. Payments can be transferred only by the TikTok app, which is not an ad revenue-sharing program. Eligible creators who meet the creator fund guidelines can get paid for their high-quality, engaging videos. Creator fund payment will vary for every user. Based on specific criteria, the Creator will receive the payment. For instance, content performance such as views, likes, comments, saves and shares.
Creators should also ensure that their content adheres to the community guidelines and utilize the power of likes on TikTok. Those getting approval for their profile can view the payment on their app’s Creator Fund Dashboard. Creators should wait 30 days to withdraw it after getting their payment on the dashboard. The least possible withdrawal amount is $50.
Apply For TikTok Creator Fund
To apply for a creator fund, creators must process applications through the TikTok app.
Make Sure To Have TikTok Business Or Pro Account
The TikTok creator fund feature is available only for business accounts. To switch personal to a pro account, open the TikTok app on your phone, press the hamburger menu at the top right, and select “Settings & Privacy”. Navigate to the “Manage account” option and click the “Switch to Business Account” option under “Account Control”. You can see some of the benefits of switching to a business account. Click the “Next” button to select the niche or category suitable for your TikTok profile. If you can’t find the perfect category for your profile, then scroll down and tap “Others”. Finally, tap the “Next” option to finish the account-switching process.
To Submit Creator Fund Application
Navigate to your Profile page on your TikTok account, Tap the three-bar icon and click Creator tools. Remember that you can access the “Creator tools” page from the “Settings and privacy” option in some TikTok versions. On this page, tap the “TikTok creator fund” option under monetization. Before agreeing to anything, you must read the TikTok creator fund agreement thoroughly. This contains more crucial information about what you can expect from the program.
Before acknowledging the TikTok creator fund agreement, make sure to review the eligibility requirements of the TikTok creator fund. Then tap the “Next” option, and select country and currency. After that, choose “I acknowledge” and press the “Apply” button to finish the application form.
TikTok Approval After Submit Application Form
TikTok is confidentially verifying applications for the creator fund program. But creators should wait to receive notification from TikTok whether they get approval. TikTok has the authority to defuse an application if the Creator does not suit their eligibility requirements. If you are rejected, wait 30 days to resend the application. You can quickly get approval from TikTok when you meet all the eligibility criteria requirements.
TikTok Creator Fund Eligibility Requirements
- You must meet the following criteria to get approval for the Creator Fund program.
- You are a legal resident of the US, UK, Spain, Germany, France, or Italy.
- Your age must be at least 18 years.
- Your TikTok profile must adhere to the TikTok community guidelines and terms of service.
- You should have at least 10,000 real followers in your TikTok account.
- Your videos must reach substantial views in the past 30 days.
Keep in mind that TikTok will not notify the Creator if there are any changes in Creator Fund eligibility criteria. Before applying, cross-check the eligibility requirements in the creator fund portal within the TikTok app.
How To Quit From TikTok Creator Fund
There are two ways to remove creators from the TikTok creator fund program.
First, Creator might quit from the creator fund program by their own decision. To do this, follow the below steps:
- Head over to the profile page and press the “Hamburger” icon.
- Click “Creator Tools” and navigate to your creator fund dashboard.
- Click “Opt out of TikTok Creator Fund” at the bottom of your screen.
- Press “Opt out” in the pop-up menu to cancel the TikTok creator fund.
If creators opt out of the creator fund, they can again easily join the program via the TikTok app. This time the approval process will be too fast for creators who got approval previously. TikTok will also have the right to cancel creators’ participation from the TikTok creator fund. For a reason, creators might not maintain the eligibility requirements, and violation of the community guidelines and terms of service, without giving any reason. TikTok will notify the creators via notification, suppose they terminate or suspend from the creator fund.
How Much Does The TikTok Creator Fund Pay?
TikTok creator fund will pay creators $0.02-$0.04 for 1000 views. That can vary from $20-$40 for a million views. Some creators have over a million followers on their profile, but they can earn only around $50 a day. Creator fund is the most straightforward monetization strategy; creators get paid for their engaging videos when they meet the eligibility requirements. Creator fund is just one of the ways for the users to monetize from their TikTok accounts.
Benefits Of TikTok Creator Fund
Excellent source of Income: You can get paid for your effort and time as a bonus. TikTok rewards creators for their high-quality and engaging videos. Giving money for your videos will encourage you to keep uploading new and great content for your potential followers.
No limitations for money: Creator fund is a fantastic feature of TikTok. There are no restrictions on how much money per person earns. If you know the tactic of multi-million views on your profile, you can make more money with the help of the TikTok creator fund.
Networking: The creator fund is a terrific idea of TikTok to keep their top-performing potential users from switching to other social media platforms like YouTube or Instagram. It is a fantastic way to build a strong community and know the recognized users for their site.
Creator fund rewards creators depending on audience engagement like views, likes, shares and comments. Views are essential when you plan to join the creator fund program. One of the great ways to get user engagement is by including interactive things in your TikTok post. Such as TikTok questions, go live often and invite viewers to leave comments for your content. Creator fund is an amazing feature to generate revenue from your TikTok video. It does not harm you anyway, so it is good to check if you are fit for creator fund requirements.
Moreover, you can cancel creator fund participation anytime if you do not like it. As of now, you know everything about the TikTok creator fund. This is your turn to make money from the TikTok app.