By skyforbes 
TikTok Income: A New Age of Online Earnings
TikTok has grown fast from a basic app for video sharing to a lucrative platform for generating income. With more than a billion users across the globe, it has been a doorway for creators, influencers, and even businesses to gain money through different means. Whether a person is a dancer, comedian, beauty expert, or just capable of creating relatable content, TikTok provides an opportunity to transform creativity into cash.
One of the main ways creators make money on TikTok is from the Creator Fund. This is a scheme that rewards users according to the views and engagement their videos get. It doesn’t pay massive amounts for each user, but those that get consistent viral hits can create a steady income stream. To become a member, creators usually must have some number of followers (typically 10,000), a certain amount of video views, and be more than 18 years old.
Another significant source of revenue is brand sponsorships and collaborations. With the popularity of TikTok influencers, brands come to them to sponsor a product or service. Such collaborations could be anything from small, one-time payments to large, long-term deals depending on the creator’s number of followers and engagement. This process tends to yield greater revenue compared to the Creator Fund.
Live streaming and gift sending are also profitable for most TikTokers. While creators are live, fans can send them virtual gifts that cost real money. TikTok also turns these gifts into diamonds, which are redeemable. Individuals popular enough for live…