What is the TikTok Creator Fund?
The TikTok Creator Fund is a $200 million cash fund, growing to $1 billion over the next three years, with the purpose of rewarding creators for creating original, entertaining, and engaging TikTok content.
The TikTok Creator Fund allows regular people to make money through their own creativity and ingenuity through TikTok.
Is The TikTok Creator Fund Available in Canada?
Not yet. Currently, only creators from the United States, United Kingdom, France, Germany, Spain or Italy are eligible for the TikTok Creator Fund.
TikTok is continually expanding, and so we expect that the Creator Fund will be available in Canada in the near future.
When Will The TikTok Creator Fund Be Available in Canada?
In December 2022, TikTok has stated that the TikTok Creator Fund will be available in Canada for Canadian creators in the next few months.
🇨🇦 The TikTok Creator Fund will be available for Canadians in early-to-mid-2023.
How to Make Money on TikTok in Canada
Create sponsored content with brands
Sponsored content means creating a TikTok video displaying and/or recommending a brand or product to your audience. It often makes sense for you to work with brands that align with your particular niche or audience, so be selective in this area as to not turn off some of your fans.
Brands will often reach out directly to you via direct message and arrange for payment and/or free products in exchange for the sponsored content. Depending on your TikTok following size and reach, payments can range anywhere from a few hundred dollars to tens of thousands of dollars.
We recommend that you setup a separate bank account to keep track of payments associated with your TikTok, this will make it 10x easier at tax time!
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Sell your own products
When you gain a large-enough following on TikTok, you can design and sell your own merchandise that you can sell through a store you own through a service like Shopify. This can range from selling your own clothing, jewelry, or makeup brand that you’ve curated and designed.
This is an incredible way of making money as you keep 100% of the profit.
Sell your consulting services
If you have a decent following and some good people skills, you can sell your consulting services to other TikTokers or even companies looking to build their brand, and increase the reach and popularity of their own TikTok content.
Manage a TikTok influencer agency
Starting a reputable TikTok influencer agency can allow you to earn an income by managing a number of other TikTok influencers. Your TikTok influencer agency would help brands with social media strategy, partnership execution, and manage campaigns with TikTok influencers. Agencies serve as the middle man between influencers and brands looking for their services.