Like many other social media platforms, TikTok generates revenue through in-app purchases. The app provides from 100 to 10,000 virtual coins that range in price from 99 cents to $99.99. TikTok coins are an in-app currency that people can buy as long as they are at least 18 years of age.
TikTok generates money when brands buy these ads to reach their worldwide audiences. With 2-D and 3-D Augmented reality branded lenses, Tiktok is making the platform more participatory and fun. In combination with the hashtag challenge, these lenses have the potential to make the campaign more engaging.
How much does TikTok pay per 1,000 views? According to top creators, TikTok pays contributors between $0.02 and $0.04 per 1,000 views through its Creator Fund program.
TikTok makes money from advertising, shop commissions, fees from subscriptions, and music royalties. Let's take a closer look at each of those in the section below.
Brand partnerships on TikTok can make you upwards of $80,000. That's right — if you're a big enough creator (with a large and engaged audience and a track record of success on the platform), you can buy an expensive car with your earnings from one video.
How much money does 1 million TikTok followers make? TikTok creators with 1 million followers or more can expect to make an average of $1,500 per post for branded content. One creator, Jenn Leach, reported earning $88 for 1.6 million views, which works out to 6 cents per 1,000 views.
How much is 1 million coins on TikTok? 1 Million coins on TikTok is around $18k.
TikTok's main selling point is that it features built-in recording and editing capabilities that make it easy for content creators to quickly record, edit, and post video content on the platform–and have them go viral when done right.
TikTok's Chinese owner boosts annual profits to a record $25 billion, report says. ByteDance posted a profit of $25 billion last year, the Financial Times reported.
You can earn decent money with even as few as 1,000 TikTok followers. According to a 2022 report by Influencer Marketing Hub, TikTok nano-influencers (1,000 to 10,000 followers) typically earn $5 to $25 per video, while micro-influencers (10,000 to 50,000 followers) can earn $25 – $125 per video.
How much money is 500k views on TikTok? TikTok pays approximately $15 for 500,000 views.
When comparing the promotional post earnings to the Creator Fund payouts, it was found that influencers earn 500 times more for branded content. For sponsored posts, creators charge between $0.01 to $0.02 per view, which means that creators can expect to earn between $10,000 to $20,000 per million views.
Frequently Asked Questions. How much does TikTok pay for 10 million views on a video? Since TikTok pays 2-4 cents for every 1000 views, you can make around $400 with 10 million views on TikTok through the creator's fund.
Charli D'Amelio tops the list as the highest-paid TikTok influencer of 2022. Forbes has included her twice in a row in their list of the Top 7 Highest Paid TikTok Stars. She started posting dance videos on TikTok in June 2019 which soon went viral.
Why TikTok isn't profitable- Two factors make TikTok lose money- competition and lack of valuable data. It is also primarily a visual platform, making user behavior much more expensive to analyze. These make the platform inherently harder to monetize.
Zhang Yiming, the billionaire founder of TikTok's parent ByteDance, has set up a private investment fund in Hong Kong, as he continues to stay out of the spotlight since relinquishing his corporate roles two years ago.
TikTok is owned by the Chinese company ByteDance and is available in more than 150 countries. It remains a popular platform for content creators and audiences alike and continues to grow in popularity and audience reach.
But the wildly popular platform, developed with homegrown Chinese technology, isn't accessible in China. In fact, it's never existed there. Instead, there's a different version of TikTok — a sister app called Douyin.
Breakdown of the number of TikTok users by country
According to the latest data on TikTok's advertising reach, the United States is home to the majority of TikTok users worldwide, with 116.5 million TikTokers residing there.
India imposed a nationwide ban on TikTok and dozens of other Chinese apps, including the messaging app WeChat, in 2020 over privacy and security concerns.
This is partly because of a smart marketing campaign by ByteDance (who own TikTok). They have advertised TikTok virtually everywhere that young people hang out – including opposition social sites, such as Snapchat and YouTube.
The social media platform allows its users to both create and watch short video content, that is primarily 15 seconds in length. People crave micro-entertainment and short bursts of video distraction, this is one of the main reasons for the app's popularity. Content is short, fun and on-trend.
If a TikToker's fans buy them 1 million coins worth of virtual gifts on a standard video, then that TikToker's gifts will be converted into diamonds that can be redeemed for $10,000.
How much is a rose on TikTok? On TikTok, the rose gift costs 1 coin, which equates to about 1.4 US cents. The rose is one of the cheapest gifts you can send on TikTok Live. Other 1-coin gifts include the TikTok logo, Wishing Bottle, and Ice Cream Cone.
However, as a general guide, 100 TikTok diamonds are roughly equivalent to 1 USD. This means that if you receive 10,000 diamonds, you would have earned approximately 100 USD.