One of the fastest growing social media apps is TikTok with 1.5 billion monthly active users and 2 billion app downloads worldwide. TikTok has become a heaven for content creators, marketers, and businesses to promote their brands and make money. In March 2021, TikTok introduced the creator fund which provides an excellent way for creators to prepare more attractive content on the platform. For the average TikTok content creator, that sounds like a lot of money.
What Is TikTok Creator Fund?
The TikTok creator fund began to reward creators for their video content. TikTok launched the creator fund in 2021 to encourage the creators to attract new audiences using their creativity to spark on the platform. On TikTok, the US fund will start with $200 million to support creators looking for an opportunity to build an engaged audience with their creative content.
The TikTok creator fund lets creators monetize their content in a few ways:
- TikTok Livestreams
- Video gifts
- Video views
- TikTok creator marketplace, connect brands with the creator
- A creative learning fund brings TikTok educators to share their knowledge.
How Much Does TikTok Creator Fund Pay?
While TikTok doesn’t share an exact formula to share creator fund payments, it’s estimated that TikTok pays 2 to 4 cents for every 1000 views for a video of a creator
Also, a TikTok creator might expect to get around $20 to $40 for reaching a million views on TikTok videos. That might not sound like much, but this feature was designed to encourage creators to make more video content so that the balance can be accumulated with enough engagement and videos.
Who Is Eligible For TikTok Creator Fund?
Qualified creators can join the TikTok creator fund, but the TikTok influencer is eligible for the program. Fortunately, the TikTok creator fund is for all users who meet the basic requirements listed below:
If you want to qualify for getting creator funds on TikTok, a user must be around countries such as, United Kingdom, United States, France, Germany, Italy, or Spain.
2. Great Standing With TikTok Community Guidelines
Only the account that sticks to community guidelines on TikTok and terms of services is eligible to participate in the creator fund program.
3. Minimum Video Views and Likes
TikTok accounts with at least 100,000 unique video views and likes in the last 30 days are eligible for getting creator fund on TikTok. The users can obtain the creator fund quickly when they have more likes with greater improvement in video engagement. Higher TikTok likes will attract many users to watch your videos and engage with them.
4: Minimum Follower Count
To join the TikTok creator fund, users must have a minimum of 10,000 active, engaged followers.
The creator fund on TikTok is open to users aged 18 years.
How To Join In TikTok Creator Fund?
It is simple to join the creator fund on TikTok. Once you meet all the eligibility requirements, you can easily apply to join the program when you manage your TikTok account.
Step 1: Use TikTok Pro Account
Switch your account to a TikTok pro account. Tap on “Me” to access your TikTok profile. From there, click the three lines in the top right corner and tab manage the account. Under “Account control,” you will see the option to switch to a Pro account.
Step 2: Access Creator Tool
Just click the TikTok creator tool and select the TikTok Creator Fund. Now you will be granted a TikTok Creator Fund user agreement.
Step 3: Agree To Creator Fund Agreement
Once you read the terms and conditions of the TikTok creator fund agreement, you need to click “agree” and confirm that you are at least 18 years old.
Step 4: Wait
Your entry into the TikTok creator fund will not be automatic. TikTok will judge your application and let you know if you are eligible for the program. If your application is cancelled, you can reapply in 30 days.
TikTok creator fund has now opened up a world of possibilities to TikTok content creators looking to monetize their storytelling. If you create compelling content that resonates with your potential audience and meets the community guidelines, TikTok will accept you into the Creator fund program. So don’t waste your time. Apply today and turn your TikTok creative content into money!