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How to Earn Money on TikTok
If you are looking for ways to earn money on TikTok, you’ve come to the right place. You’re about to discover the different ways to make money on the service, from creating a creator fund to monetizing your videos. In this article, we’ll discuss how to earn money on TikTok as a musician, livestreamer, or creator. Read on to learn more!
TikTok is a music streaming service
The video app has launched a new music platform called SoundOn. This will allow artists to upload music directly to the TikTok app, as well as major global platforms. The platform will also waive transaction fees for artists for the first year. Read also : How to Find Contacts on TikTok. After that, TikTok will take a 10% cut of the money. SoundOn will also give participating artists access to a song tab on the TikTok site, as well as TikTok creators.
Moreover, the music streaming service is helping artists discover new artists and record labels. Last year, at least 70 acts were discovered on TikTok. Executives at TikTok expect this number to triple by 2021. The music streaming service has revived several trends in the music industry. For example, exclusive releases by artists on individual streaming platforms were once thought dead. Now, thanks to TikTok, the concept has returned, with 67% of TikTokers seeking out new songs on music streaming platforms.
It pays musicians
In its agreement with rightsholders, TikTok pays major record companies a lump sum upfront for licensing music for a pre-determined period. After that, the company will split royalties with the musicians in proportion to the popularity of their tracks. According to Goldman Sachs, that percentage will be at least 15 percent. This may interest you : How to See Who Liked Your TikTok Videos. Even so, the current royalty system is ripe for flaws. The music industry should pressure TikTok into a revenue-share deal.
When does TikTok start paying musicians? Unlike many other music platforms, TikTok does not directly pay its artists. The platform collects royalty funds from the artists that use its content. This revenue is then distributed through a distribution service. Each distributor has a different “blanket agreement” with TikTok. Nevertheless, royalties are a key component of a successful artist’s compensation.
It pays livestreamers
Livestreamers can earn coins by going live on Tiktok. The coins are like virtual currency. You can purchase as many as 100 to 10,000 coins, and you can then exchange them for real money through PayPal. See the article : How to Do TikTok Transitions. To receive valuable coins, you must have at least 1,000 followers and engage with your fans while live. The more followers you have, the higher the coins will be. However, this is not a guarantee that you will make money on Tiktok.
In addition to paying livestreamers through advertisements, you can also sell your own products. Many brands are interested in TikTokers’ content, and they can earn from sponsored posts. Some top TikTokers earn from $50,000 to $100k per post. While this may not seem like a lot, it is still worth looking into. There are some perks to being a TikToker. Here are a few of them:
It offers a creator fund
The Tiktok Creator Fund was launched last July with the intent of rewarding its creators, including Michael Le, Cheyenne Jaz Wise, and Justice Alexander. It has grown rapidly since its inception and was limited to 19 accounts as the first recipients. However, if you’re interested in receiving a small check, you can follow the steps below. First, you’ll need to grow your business account in order to qualify.
Once you’ve reached the threshold for a $10 earnings balance, you can apply for the TikTok Creator Fund. To do so, you must have a Pro TikTok account. Once your application has been approved, you can withdraw your earnings to PayPal. The next step is to decide on a withdrawal option. Then you can see how much you can withdraw, and track the performance of your videos.
It pays influencers
How much should an influencer be paid? It depends on the level of influence. There are celebrity influencers with thousands of followers and “cewebrities” with relatively few followers. Then there are the micro-influencers and the nano-influencers with smaller followings but still a decent number of followers. You can find more information on the differences between these influencers and the amounts they are paid below.
An influencer must balance performing their life for the consumption of others with calculating their worth in the marketplace for attention. Typically, influencers earn from several different streams, with brand sponsorships being the most common. These brands pay an influencer to promote their products or services. It’s a delicate balance, and they’re all competing for the same audience. To make matters worse, the market is flooded with influencers.
