We will look at how people can generate money from their TikTok accounts, focusing on UK-based users. TikTok has become an earning platform where creators can cash in their talents. From brand deals to TikTok monetization plans, there are multiple ways to start earning directly from your content.

How Many Followers Do You Need to Make Money on TikTok?

Well, it relies on the monetization strategy and how many followers you need on the TikTok account to earn. Here is a summary of what you could expect to earn per post depending on the tier of influencer you are:

• Nano influencers (1,000 - 10,000 followers): £5 - £25 per post.

• Micro influencers (10,000 - 50,000 followers): £25 - £125 per post.

• Mid Tier influencers (50,000 - 500,000 followers): £125 - £1250 per post.

• Macro influencers (500,000 - 1,000,000 followers): £1250 - £2500 per post.

• Mega influencers (1,000,000+ followers): £2500+ per post.

Building a following can open doors to partnerships, TV deals and cross-platform monetization; hence, it is worth it.

How to Make Money On TikTok (TikTok Monetization)

Monetizing a TikTok account is possible in many ways. Still, two categories are primarily launched by TikTok through which a user can receive monetized benefits: Creator Next and TikTok Series. Each of these types offers different opportunities, depending on how a user's content is styled and the audience engaged. Let’s further discuss the monetization options available for the UK while utilizing Best TikTok Growth Services.

TikTok Creator Fund

The TikTok Creator Fund is the first monetization feature on TikTok, which allowed its creators to earn money based on the number of views they had on their videos. TikTok is withdrawing the Creator Fund in preference for a higher payout option known as the Creativity Program. Meanwhile, existing members still have that option. 

• Earnings:  Creators earned around 2 - 4 cents for every 1,000 views.

• Availability: In countries like the UK, US, Germany, France, Spain, and Italy, new applications are no longer being accepted.

It's being phased out but still alive for current members. However, the true future of TikTok monetization lies in the new programs being rolled out.

Creativity Program Beta

The TikTok Creativity Program is designed to assist creators in monetizing their content more effectively. The program is available in the Beta edition. Unlike the Creator Fund, which solely incentivized watching the short videos, the focus turned out to be this Creativity Program that aims to pay out for longer content, for videos longer than one minute and guarantees better rewards.

• Objective: This initiative aims to motivate creators to upload more exciting videos of a greater length of more than 60 seconds, which gives TikTok a run for its money, especially against YouTube in terms of content duration.

• Current Availability: At this time, only creators in the United States have access to this Creativity Program, but in the foreseeable future, TikTok plans to expand to other countries as possible future expansion would be UK.

Creativity Program Eligibility Requirements

To  sign up for the Creativity Program, you need to meet these requirements:

• Be at least 18 years old

• Have 10,000 or more followers

• Get 100,000 or more views in the past 30 days 

• Own a personal account (business accounts don't qualify)

If you can join, this could be a good chance to make more money by creating long videos that catch people's attention, which TikTok pays more for.

TikTok Creator Marketplace

The TikTok Creator Marketplace (TCM) is an official platform for creators to collaborate with brands. Find companies looking for influencers for sponsored content and grab deals.

• Benefits:

• You can discover brands that fit your content style.

• The platform allows you to discuss pricing and terms

• It makes working together and profiting from brand deals easier.

This option stands out for creators new to making money, as it puts you in touch with brands looking for content creators.

TikTok Live & Video Gifts

TikTok Live allows you to make money if you like talking to your audience in real time. While you are streaming live, people watching can give you Virtual Gifts. These gifts turn into diamonds, which are TikTok's digital money. You can then swap these diamonds for real money.

• How It Works:

• Viewers purchase coins to send gifts during your livestream.

• Gifts are converted into diamonds.

• You can trade diamonds for money in your TikTok wallet.

This lets you earn money while getting closer to your followers.

How to Check Your TikTok Diamonds Balance

Once you start receiving gifts in a livestream, you can track your earnings through TikTok diamonds system. Here’s how to check your balance:

• Open the TikTok app and go to Settings.

• Tap Balance to view your diamonds and available earnings.

Once you gain enough diamonds, you can withdraw them as cash or gift vouchers.

TikTok Live & Video Gifts Requirements

To unlock TikTok Live and receive video gifts, creators must meet the following requirements:

• Be 18 years or older

• Must have 10,000 followers or more

• Have a 30-day older public account

• You need to have published a public video in the last 30 days.

This feature is not available to all creators, so be sure to meet these requirements to start earning from live streams.

How to Turn On TikTok Video Gifts

To start receiving gifts during your live broadcasts, follow these steps:

1. Go to your profile.

2. Tap the menu icon in the top-right corner.

3. Select Creator Tools.

4. Tap on Video Gifts.

5. Turn on the gifts setting and review eligibility requirements.

Once activated, your followers can start sending gifts during your live sessions.

How to Make Money from TikTok Tips

TikTok Tips feature allows your audience to send you direct money as a tip. This is a great way to earn from your most loyal followers, as you get 100% of the tip amount after processing fees.

• How It Works: Viewers send tips directly to your TikTok profile, and you keep them all (minus fees).

• Best Part: Unlike video gifts, where the platform takes a cut, TikTok Tips allows you to keep the entire amount.

TikTok Tips Eligibility Requirements

You must fulfil the following requirements to be eligible:

• You must be 18 years or older

• Have a minimum of 100,000 followers

• Own a personal account in good standing

• Hold a keep on TikTok community guidelines

You can apply to get tips once you meet these TikTok Tips requirements.

How to Receive Tips on TikTok

Follow these steps to avail the TikTok Tips feature:

1. Open the TikTok app.

2. Go to Creator Tools