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In December, TikTok announced an additional way that creators could monetize their content on the site, receiving money directly from viewers even when they are not livestreaming. The company has created a new "Creator Next" portal which will organize all money-making avenues in one place.
How do creators make money on TikTok
Before TikTok set up the Creator Fund, TikTokers had to rely on deals and sponsorships they secured outside of the app. However, they need to have a minimum of 100,000 followers to participate and only the most popular creators could hope to make serious money through the fund. The platform also let creators receive virtual gifts called Diamonds while they were broadcasting TikTok LIVE videos. TikTokers could then redeem those Diamonds for money.
- Bloomberg Quicktake (Quicktake) February 4, 2022
The amount a TikToker gets paid doesn't always correlate with the number of followers. Earning money from the platform is more about how an influencer markets their own brand, how much sponsors are willing to pay them to promote a product and merchandising. Here are Forbes estimates for the top five TikTok earners in 2021.
Dixie D' Amelio: $10 million with 57 million Followers
Josh Richards: $5 million with 26 million Followers
Kris Collins: $4.75 million with 42 million Followers
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