How much do TikTok creators make from live gifts?

2 coins are worth 1 diamond and each diamond is worth $0.05. So, if you receive an 'I'm Very Rich' gift, you will get 1000 coins = 500 diamonds = $25. TikTok takes 50% of the cut, so you will only receive $12.5. The minimum withdrawal amount is $100 and you cannot withdraw more than $1000 in a single week.

netinfluencer.com - How Do TikTok Live Gifts Work? Can You Make Money Through Them?

Which country is best for social?

Norway 2021 Social Progress Index Rankings SPI Rank Country Inclusiveness 1 Norway 83.77 2 Finland 82.81 3 Denmark 81.64 4 Iceland 77.63 20 more rows

Last updated Jan 1, 2022

What is the #1 most liked picture on Instagram?

The most-liked post as of December 2022 is a carousel of footballer Lionel Messi and his teammates celebrating winning the 2022 FIFA World Cup,...

Last updated Feb 21, 2022

Promotion

TikTok is enticing more influencers and content creators to start using its platform with the live gifts feature. This article talks about what the feature is, how it works, and whether content creators can make money out of it. Give me a raise of hands if you love gifts, people! So that’s almost.. everyone? I love giving gifts to people because it is a token of my love and appreciation for them. I have often wished I could gift something to my favorite content creators.

[Unsplash]

What Are TikTok Live Gifts?

TikTok live gifts is a feature which allows your fans and followers to send you virtual gifts during a live stream. Whenever you go live, viewers will see a small gift box icon at the bottom of the video. They can tap it and choose the gift they want to send to show their appreciation. However, before someone can send you a gift, they need to make sure they have enough coins to purchase the gifts. Coins can be recharged by heading to Profile Settings → Balance → Recharge → Select a coin bundle to purchase. The sender needs to be more than 18 years old. Coins come in bundles, with the lowest bundle consisting of 65 coins for a price of $0.99. Please note that any purchases are final and cannot be refunded- whether it be coins or gifts. Each type of gift has a different value. You can cash in the gifts and earn actual money. However, before you can receive gifts, you need to qualify for the feature and set it up on your profile. Let’s look at how!

Eligibility To Set Up TikTok Live Gifts:

To set up live gifting, you must first ensure your eligibility:

You need to be at least 18 years old, although the age limit is higher in certain countries.

You must have a minimum of 1000 followers.

At least one of your videos must have reached 1000 views in the last 30 days. First, let us look at how you can join the Creator Next program. This feature allows creators like you to monetize their content (including the gifts you receive). Do keep in mind that, currently, it isn’t available everywhere. It has the same requirements as above with a few additional ones:

You must NOT be a business account.

What time do YouTube pay you?

Adsense Account Most vloggers are paid via direct deposit monthly, typically on the 21st of every month. However, be warned that the eligibility of...

Last updated Aug 9, 2020

How many followers you need to Promote on TikTok?

To join TikTok's creator fund: a creator must be 18 years or older, have at least 10,000 followers, and have achieved at least 100,000 video views...

Last updated May 11, 2019

Promotion

You must have posted on TikTok at least three times in the last 30 days. If you meet the above requirements, go to your Profile → go to Settings → tap on Creator Tools → select Apply → follow the instructions.

How To Set Up TikTok Live Gifts?

If you are eligible, open TikTok → go to Profile → go to Settings → tap on Creator Tools → click on Live Gifts → follow the instructions to set it up. There is also another step that you need to complete- setting up to receive gifts on your other posted videos. In order to do this, follow the same instructions as above, but instead of clicking on “live gifts,” select “video gifts” and tap “turn on video gifts.”

Voila! The live gifts feature is up and running!

[Unsplash]

Once this is done, your followers will not only be able to send you live gifts, but they will be able to send you normal video gifts as well. All they have to do is go to your profile → click on a video → click on the “comments” icon → click on the gift icon → select a gift → click send. However, certain video posts such as sponsored ads, promoted posts, duets, stitch videos, and videos that violate TikTok’s community guidelines are not eligible to receive gifts.

What Are Diamonds?

Panda: 5 coins

Italian Hand: 5 coins

Love Bang: 25 coins

Sun Cream: 50 coins

Rainbow Puke: 100 coins

Concert: 500 coins

I’m Very Rich: 1,000 coins

Drama Queen: 5,000 coins

Once you receive the gifts, the coins get converted into a type of TikTok currency called Diamonds. You can cash in these Diamonds for real money. 2 coins are worth 1 diamond and each diamond is worth $0.05. So, if you receive an ‘I’m Very Rich’ gift, you will get 1000 coins = 500 diamonds = $25. TikTok takes 50% of the cut, so you will only receive $12.5.

[Unsplash]

The minimum withdrawal amount is $100 and you cannot withdraw more than $1000 in a single week. Which means the maximum amount you can make in a month is $4000. You also need a verified PayPal account connected to your TikTok account in order to be able to withdraw the cash. It allows fans and followers to show appreciation to their favorite content creators.

Which app is best for chatting without phone number?

Yep! Discord is a VoIP and instant messaging platform where you can enjoy voice calls, video calls, text messages, and sending media and files in...

Last updated Apr 7, 2019

Who is the father of social?

Émile Durkheim Known for Social fact Sacred–profane dichotomy Collective consciousness Social integration Anomie Collective effervescence...

Last updated Sep 30, 2020

Promotion

Even small accounts with just 1000 followers can make money doing what they love. This acts as an incentive for them to continue posting videos. This feature encourages content creators to go live, which is a great way to connect with their followers and establish authentic connections with them.

Other Ways To Make Money On TikTok

The TikTok live gifts option is not available in many countries yet. Moreover, there are several eligibility requirements you need to follow. So how can you monetize your TikTok account if you are unable to receive live gifts?

Collaborate with brands and become an influencer. You can do this by finding brands to work with on your own or by joining the TikTok Creator Marketplace. If you own a small business, you can sell your products using TikTok shopping. Join TikTok’s creator fund and make a lot of money on videos that gain a lot of engagement.

Become a brand ambassador.

Link your Patreon or Ko-fi account in your bio and ask your followers to tip you. If you want to make the most of TikTok in order to grow your business, TikTok has recently launched a Follow Me program that will help you do exactly that! It’s completely free! Do you know of any other unique ways to make money on TikTok? Let us know in the comments below! And don’t forget to share this article.

netinfluencer.com - How Do TikTok Live Gifts Work? Can You Make Money Through Them?

Is Instagram a B2B?

For too long, marketers have thought of Instagram as strictly B2C turf. It's time to put this misconception to rest. The truth is, Instagram is a...

Last updated Apr 26, 2021

What type of posts work best on social media?

Here are the Top 5 Types of Social Media Posts to Engage Your Followers: Competitions. People are competitive by nature, which makes competitions...

Last updated Sep 24, 2022

Promotion

How do I start social work?

To start a career in social work, you will first have to pursue your bachelor's degree in Social Work, followed by a master's. However, holding a...

Last updated May 2, 2021

Promotion

Why social media marketing is powerful?

Build Brand Authenticity Engaging on social media gives brands the opportunity to build trust with potential customers, partners and...

Last updated Oct 17, 2020