TikTok has recently rolled out Creator Next, which is an opt-in campaign for creators to earn money from the platform. It offers various monetization tools that TikTok users utilize to convert their views into real currency.
TikTok has also introduced the “Tips” feature where fans can tip their favorite creators. They started testing this feature in October but now it is available for all the creators meeting the eligibility criteria.
Creators will receive 100% of the payment received through Tips via Stripe. Processing through Stripe makes sure that creators don’t have to pay any charges while the fans are only levied small fees.
TikTok has been putting in a good amount of effort to help creators earn money in order to retain them. Otherwise, they might switch to other platforms like YouTube, Snapchat, Facebook, etc. Creator Next program is the company’s critical step in the right direction.
Check out what the Creator Next on TikTok is all about, how does it work, and how you can sign up for it.
What is Creator Next on TikTok?
Creator Next on TikTok is a new monetization portal on the platform where the company has put all the existing as well fresh features for creators to earn money into a single banner.
TikTok Creator Next aims to help the creators earn money from their content and growth in the community. It consists of several monetization tools like Tips, TikTok Creator Fund, TikTok Creator Marketplace, etc that creators can access to start earning.
TikTok claims that “With Creator Next, making videos on TikTok isn’t just passing time. Creators can now turn their creativity and passion into something greater, whether that’s a side hustle or a business.”
TikTok Creator Next Features
TikTok’s Creator Next campaign appears very similar to YouTube’s Partner Program. The key difference is that creators on TikTok can use multiple tools to make money while YouTube creators have to put ads on their videos.
The following monetization tools are available on TikTok with Creator Next:
With Tips, creators can receive tips from their viewers who want to show support. Creators will receive the complete payment that the fans have sent, and they’ll receive via the payment processing service, Stripe.
TikTok Creator Fund
The TikTok Creator Fund is a long-existing tool that allows you to earn rewards for making incredible TikTok videos. This fund celebrates and supports creators for their passion, spirit, and efforts.
TikTok Creator Marketplace
TikTok Creator Marketplace (TTCM) is a platform for brands and creators to collaborate. It is an official space where brands and agencies can browse, search, and connect with creators from over 24 countries.
Creators can receive Gifts for their short videos, and for these, TikTok rewards Diamonds to the creators. The Diamonds can then be redeemed for money, and the money can be transferred to the bank account.
Fans can also send Gifts when creators are LIVE. TikTok will then reward Diamonds for the popularity of the LIVE videos. Creators can then redeem the Diamonds for real money.
These are the currently available tools with TikTok’s new monetization campaign for creators. We can expect more to arrive soon.
TikTok Creator Next Eligibility Criteria
Creator Next program is available for a limited number of creators who meet the eligibility criteria. The following is the eligibility criteria for this monetization campaign on TikTok:
- The creator must be at least 18 years of age or older.
- The creator must have at least 1,000 video views in the last 30 days.
- There is a minimum followers limit for the program depending on the region (10k Followers for the USA), the creator must meet it.
- The creator must have at least three posts in the last 30 days, and must not violate the Community Guidelines.
- Currently, Creator Next is only available in the US, UK, Germany, France, Italy, and Spain. It will be coming soon in Canada and Australia.
Once you meet these conditions, you can sign up for Creator Next easily, and start earning through your short videos.
How to Sign up for Creator Next on TikTok?
To sign up for Creator Next, you will need a successful application to the Creator Fund on TikTok. The Creator Fund has similar eligibility criteria as the Creator Next.
If you think you meet all the conditions, follow these steps to apply:
- Launch the TikTok app.
- Go to account settings.
- Click on “Creator Tools.”
- Next, click on “TikTok Creator Fund.”
- Finally, click on Apply to submit your application.
After that, wait for TikTok to review your application and respond. Once they approve it, you’ll have access to the monetization tools. Use them to start making money.
TikTok has been regularly trying to help creators get the most out of the platform. They are constantly trying to help the creators grow, develop their community, and make a living through it.