Image Credit: TikTok
Did you know music artists can take advantage of new tools to monetize on TikTok?
Do you make money off TikTok? If not, check out the TikTok Creator Next update which gives creators tools to monetize content on the platform. Music artists who use TikTok can get tips and gifts from their fans on the app.
The new features let TikTok users “show their appreciation” for content they enjoy in the form of digital gifts that can be exchanged for cash. If eligible, creators can join Creator Next through the hub.
How can you make money on TikTok using the new tools?
For musicians on TikTok the new features offer another opportunity to make money on TikTok alongside making their music available to be used in videos – head here to find out how RouteNote can help out with that.
Previously users could only tip creators during live stream videos. The update will let anyone give gifts on short TikTok videos in the feed, and tip US creators directly.
Eligible creators must be over 18 with at least 100,000 followers. There’s further information on who is and isn’t eligible here.
Tipping directly is only available for creators in the US. After opting into Creator Next and making an account on Stripe, creators will get a “Tips” icon on their profile page. From then on users can see how many tips the creator has received and send either a $5, $10, $15 or custom amount.
TikTok creators can also be given Video Gifts by users. Once a creator has collected Gifts TikTok converts them to Diamonds, which in turn can be traded in for money.
Building a prescence on TikTok takes time and effort, so it’s a big step forward that more ways to make money on the platform are emerging.