AdvertiseMint

The #1 Facebook Advertising Agency. 844-236-4686

  • Home
  • Services
  • Blog
    • Wiki
  • About
  • Pricing
  • Contact
  • 844-236-4686
  • Get Started
You are here: Home / TikTok / How to Make Money on TikTok

March 12, 2020

How to Make Money on TikTok

4.2 / 5 ( 65 votes )

MAR. 12, 2020

via GIPHY

People are making money on TikTok, some are even landing record deals—and you want a slice of that pie. 

If regular TikTok teens can find fame on the video-sharing app, so could you. You’re likely wondering, How much do TikTok earners make, exactly? That’s a valid question, and I’m glad you asked. You want to know whether the amount you make is worth the effort, after all. Let’s take a look at how much people make on TikTok.

How Much TikTok Earners Make

TikTok influencers are perhaps the people who receive the most monetary benefit on the platform. They have a large following, which attracts partnerships with brands. Using Influence Marketing Hub’s TikTok Money Calculator, you can find how much each TikTok user makes from brand partnerships. The calculator provides an estimate based on users’ number of followers and engagement.

If you’re blessed with 30 million followers, you can earn between $18,000 to $30,000 per post. That’s a pretty sweet deal. An influencer like Baby Ariel could make that much. 

If you have one million followers, you can earn between $700 to $1,000 per post. Not as large an amount, but still very decent. 

If you have 200,000 followers, you can earn $100 to $200 per post. 

If you have 2,000 followers, you can make $5 to $9 per post. Some brands may even offer free products as compensation. 

Keep in mind, the estimate is based on follower and engagement numbers. Compensation is usually agreed upon with a brand, before moving forward with your partnership. 

Of course, you may not have the following needed for sponsorship. Alternatively, you can earn money through virtual gifts on TikTok, which you can cash in for real money. For this option, the maximum you can withdraw per day is $1,000. Still not a bad sum. 

The 2 Ways to Make Money on TikTok

Now that you know you can make money on TikTok, it’s time to learn the different ways of profiting off the platform. 

Earn TikTok Virtual Items from Live Videos

Earlier I mentioned one method of earning money on TikTok: cashing in virtual gifts. You can only earn virtual gifts by broadcasting a live video, a capability available only to those with 1,000 followers. If users are particularly pleased with your video, they may send gifts as tips. Each gift is worth a certain number of coins. 

Panda: 5 coins

Italian Hand: 5 coins

Love Bang: 25 coins

Sun Cream: 50 coins

Rainbow Puke: 100 coins

Concert: 500 coins

I’m Very Rich: 1,000 coins

Drama Queen: 5,000 coins

Users have to purchase these coins with real money. They then use these coins to purchase gifts to give to other TikTok users. 

The gifts you receive can be converted into diamonds, which you can cash in. Diamonds are worth 50% the value of coins: one-hundred coins equal 50 diamonds; 50 coins equal 25 diamonds. Each diamond is worth 5 cents. If you have 100 diamonds, you can cash in for $50. However, TikTok also retains 50% of what you earn, so if you earned $50 worth of diamonds, you only keep $25.

You can withdraw your money only once you’ve reached $100, and you can’t withdraw more than $1,000 a day. You also need a verified Paypal account, to which TikTok will process the payment within 15 days.

Calculating the value of coins to diamonds to cash can be quite confusing. YouTuber Davison of Davison Video explains it well:

Collaborate with Brands as an Influencer

You can also make money on TikTok by becoming an influencer. Don’t worry, you don’t need one million followers to score brand partnerships. There are four influencer types that you can fall into.

If you have more than one million followers, you could become a mega influencer. Mega influencers are usually celebrities who use their social media presence to seal deals with major brands. Kim Kardashian and Kylie Jenner are examples. Baby Ariel is also considered a mega TikTok influencer for having 30.5 million followers to date.

@babyariel / TikTok

If you have 40,000 to 1 million followers, you could become a macro influencer, like @iamjustinvibes.

@iamjustinvibes / TikTok

If you have 1,000 to 40,000 followers, you could be a micro influencer, like @xthuyle. 

@xthuyle / TikTok

If you have less than 1,000 followers, you could be a nano influencer, like @itsmeveraa.

@itsmeveraa / TikTok

As previously mentioned, influencers, depending on their following and engagement numbers, can earn thousands of dollars per post. If your number of followers aren’t at the influencer levels…well, you better start growing it now.

By Anne Felicitas

Comments

comments

Article by Anne Felicitas / TikTok / make money tiktok, tiktok, tiktok influencers

Complete Guide to Facebook Targeting

Download our FREE Facebook guide with over 850 ad targeting options.

  • This field is for validation purposes and should be left unchanged.
Hear the Audiobook FREE on Audible
Like our fan page for news, updates and weekly Facebook Live sessions.

AdvertiseMint

Posts by Network

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Posts by Category

  • Hiring
  • Press Release

Popular Articles

4 Social Media Marketing Tips to Earn More Traffic for Your Local Business

Here Are All of the Updates About iOS14

Facebook Is Changing Attribution Settings As a Result of the iOS14 Update

How to Go Viral on TikTok: From 0-100K Followers Fast

How to Integrate Email Marketing with Your Social Media Efforts

Snapchat Lowers Daily Minimum Spend to $5

Facebook Now Limits the Number of Ads You Can Run Per Page

AdvertiseMint Awards $2,500 Scholarship to 2020 Winner, Alexandra Bunting

6 Ways to Humanize Your Brand and Make It More Relatable in 2021

6 Tips That Work to Onboard Ecommerce App Users

AdvertiseMint

  • About
  • Careers
  • Programs
  • Blog
  • Definitions
  • FAQ
  • Write for Us
  • Press

NEWSLETTER

Sign up for our weekly email on Facebook ads.

NEWSLETTER

Certifications



advertisemint google partner     

7080 Hollywood Blvd, Hollywood, CA 90028       |       844-236-4686

Terms and Conditions | Privacy Policy | Cookie Policy
© 2019 AdvertiseMint All Rights Reserved.
This site uses cookies. Find out more.