Tik Tok is among the top 10 most downloaded apps in the world for both 2018 and 2019. It is constantly growing and evolving, and so is its fan base. Many people wonder if there are any profits to be made on Tik Tok.
The short answer is yes, but you can’t earn money directly from Tik Tok. There are in-app purchases for users to buy and gift to content creators on Tik Tok, who can later turn them into money. So, everyone can earn money on Tik Tok, though it may not be easy.
Find out how to make money on Tik Tok and how much do the biggest stars on this platform earn.
How Do Stars Make Money on Tik Tok?
Tik Tok is a very fun and interactive app. Content creators can interact and engage with their fans, which presents a great opportunity for marketing. Usually, Tik Tok stars do cross-marketing on all of their social media profiles.
For example, they link any or all of their Twitter, Facebook, Instagram, YouTube, and Tik Tok pages together. While you earn ad revenue from YouTube, things work very differently on Tik Tok, where you can’t earn money directly.
In essence, you won’t be earning money from Tik Tok but the users. Users purchase coins for gifting to content creators, who can further convert those gift points into diamonds and cash them out if they have enough of them.
If you collect enough diamonds on a regular basis, you could be legitimately called a Tik Tok star. You’ll need a PayPal account to collect payment. You can cash in your diamonds whenever you want, subject to certain rules and restrictions.
How to Cash In?
When a Tik Tok star live streams on Tik Tok, they have a lot of fans watching and cheering for them. If they so wish, these users can donate to their favorite content creator via sticker gift, which is like an emoji that pops up on the content creator’s screen. They may get a shout out from their favorite star, which can be a big deal (depending on who you ask).
Sizable donations like $100 get a huge font and the star and everyone else can see who made the donation. The profile name and the sticker appear on everyone’s screen. Depending on the viewership base, these donations can get pretty wild.
Sometimes people will compete and try to one-up the previous donations just for fun. These donations show up as balance on the recipient’s profile. The minimum cashout amount is $100, while the maximum is $1,000 per day.
Some of the biggest stars actually make a decent living on Tik Tok alone. However, it may be smarter to network across all social networks and make the most of your fame.
How Much Money Are We Talking About?
Tik Tok is not yet a major social media platform like YouTube, Facebook, or Instagram. To begin with, Tik Tok is only a year old or so. Before that, it was a huge hit in Asia known as musical.ly.
Nowadays, there are millions of Tik Tok users worldwide, which are all potential audience members for Tik Tok celebrities. Actually, there are singers and performers who started out on Tik Tok before transitioning to YouTube.
You don’t have to be a great singer to earn money on Tik Tok, as many Tik Tok stars are comedians who make funny clips. Some of the biggest stars on Tik Tok are Baby Ariel, Loren Gray, Kristen Hancher, and Jacob Sartorius.
Baby Ariel has the highest net worth at approximately $1 million. She may be the most successful Tik Toker of all time. She started a music career and sells branded merch through her social media profile.
In comparison, Kristen Hancher has a net worth of around $400,000, but she is also a YouTube and Instagram star. Loren Gray comes in at about $300,000 and also does Instagram and YouTube promotions.
Does Tik Tok Pay off?
What do you think? Will Tik Tok ever get to the top of the social media heap like Instagram and the like? This young platform is in fact gaining new users every day.
You can become a Tik Tok sensation yourself. Let’s hear about your thoughts, shall we?