There are lots of speculations on whether you can monetize your TikTok account or not and if you can do that as a Nigerian. The answer is Yes!
Although it’s still unknown to a lot, TikTok is now a way to money making. It has become a viable income stream for many content creators rather than a platform to watch people dance or document their lives.
Below are the ways you can make money on TikTok:
- TikTok’s Creator Fund.
- Creator Next.
- Affiliate Merchandising.
1. TikTok’s Creator Fund
As at December 2021, the criteria for making direct money on TikTok was very high. You’ve have to be at least 18 years of age, get up to 100,000 video views in the last 30days and have at least 10,000 followers. As well as creating videos based on TikTok community guidelines.
Once these criteria are met, you can apply for TikTok’s Creator Fund by going to your profile, click on the three parallel lines on the right hand side of your screen and tap on creators tool.
However, payment differ based on the quantity and legitimacy of views as well as the degree of engagement with the videos. This method is rather not a faster way to monetize your account as you’ll require a long term dedication to yield much.
2. Creator Next
Creator Next is a new feature for monetization. It provides a collective place for all of the platform’s money-generating features. you need to be at least 18 years of age and have at least three posts that have racked up 1,000+ views in the past 30 days.
There are different ways to make money under creator next which includes:
• LIVE GIFTS;
TikTok gives out “Diamonds” that may be exchanged for actual money dependent on how well-liked creators’ LIVE videos do. During LIVE videos, viewers can also LIVE Gift their favorite content creators, which can then be exchanged for actual, hard cash.
• VIDEO GIFTS;
Unlike LIVE videos, Creators can receive Diamond based on views of their short videos. Viewers can also choose to send gifts just like in LIVE videos. For eligibility, content creators must have an account that is over 30days old and a public video that has been uploaded in the last 30days and a minimum of 100,000 followers.
Viewers can decide to support content creators by donating money which creators can accept using PayPal. You can also receive money with a TikTok feature available for creators with more than 100,000 followers.
Make sure there’s a genuine reason for the donation.
If you have a wide audience, you can reach out to brands for promotion. You can promote their products by featuring it in your videos or rather promote a service by talking to your viewers about your experience in return for a huge amount of money based on your engagements and bargaining skills.
Do you know that Musicians now promote their songs? It is done by paying a content creator to make use of their songs for creator TikTok challenges. This is one of the fastest and lucrative ways to make money because you don’t necessarily need a wide audience for your TikTok challenge to blow up.
5. Affiliate Merchandising
This is yet another lucrative way to make money online. You don’t need a big follower base, once you have a reasonable engagement, you can help market a product or service using a unique affiliate link. Any successful sale with that unique link of yours attracts a commission.
Also read: how to make money on Instagram