It’s been just few weeks since we launched our Guide to TikTok Creator Fund. TikTok Creator Fund however seemingly out of the blue, TikTok has decided to end the fund.
However, don’t worry, TikTok already has a replacement on the way and we’re here to inform you about it.
The Creator Fund gone The new Creativity Program is designed to solve the shortcomings that its previous version had and provide more ways to monetize creators.
In removing creating the Creator Fund TikTok is hoping to provide more competitive compensation as well as innovative methods for creators to earn a profit through their content.
What’s The TikTok Creativity Program?
TikTok announced its Beta version of the Creativity program in February 2023 offering a new approach to remunerate financially creators by allowing them to provide useful content on its site.
Creators from countries like the U.S., U.K., France, and Germany will be transferred onto the Creativity Program, which replaces the Creator Fund.
This program will solve the issue of discontent that was expressed by a few creators about the amount of money they received through TikTok’s Creator Fund. TikTok Creator Fund.
TikTok is making bold assertions in claiming that, through its Creativity Programme, creators have the potential to earn 20 % more than they made from the prior fund.
Although it’s too early to draw conclusions, the possibility of a significant increase in income is definitely appealing to a lot of content creators. It could be a lucrative option for a lot of creators who are looking to make this side hustle into a full-time career.
Who is eligible for participation in the TikTok program for creativity?
When the program is open for all content creators within the next few months TikTok will require a number of requirements for those who want to make use of it.
It’s restricted only to content creators who:
- Are at minimum 18 years old
- Meet the minimum follower requirements and video requirements
- Maintain your the account in good standing
Although TikTok hasn’t stated explicitly what the minimum follower or video requirement are but it’s possible that it would have the potential to be more unique than its Creator Fund. The Creator Fund stipulates that content creators to have at minimum 100,000 authentic video views in the last 30 days and to have at minimum 10,000 followers.
In the report by the information, TikTok leaders discussed setting the threshold for follower minimums at 100,000, which is much higher than the requirements to fund Creator Fund. Creator Fund. But, TikTok does not yet confirm this need, and it’s likely that the threshold could be less.
TikTok’s Creator Fund in contrast to. Creativity Program
The requirements to join both the existing Creator Fund and the new Creativity Program are the same. TikTok states that users already members of the former program are able to switch into it’s new program. There is no confirmation yet on whether TikTok will replace with the Creator Fund entirely once the Creativity Program moves out of beta. In the meantime, Creativity Program Beta does, however, provide an new condition for being paid that videos have to be longer than one minute in length to be considered monetizable.
It is important to know that users who are presently enrolled in the Creator Fund and decide to switch to the Creativity Program can not switch to the Creator Fund again, according to TechCrunch. Therefore, be cautious. TikTok has described this new system as a chance to earn more cash in addition to ” unlock more exciting, real-world opportunities.” Because it’s new it’s still too early to discover what exactly that means. Video creators can now look at their video’s statistics and revenue estimations on an new dashboard.
TikTok provides several options for creators to earn money out of creator funds, including gifts, tips as well as the recent launch of Series that permits creators to place some or all of their content behind a paywall to subscribers only. Since the competition from other platforms grows, TikTok is constantly trying to find ways to draw content creators to sign up on its platform, and remain. This is the Creativity Program is expected to grow to other areas in the near future.
How do I apply to the TikTok Creativity Program
TikTok hasn’t provided any instructions for submitting applications for the program apart from notifying us that applications will be open “within the coming months.” People who are being enrolled with the TikTok Creator Fund will be eligible to switch onto the Creativity Program and those who aren’t currently registered within the Creator Fund may apply for the Creativity Program as soon as it’s launched.
TikTok hasn’t announced whether they will announce that the Creativity Programme will be replacing the Creator Fund when it’s fully in place However, it’s possible. It’s recommended to keep building your following and creating quality videos that increase engagement. join
This post will be updated as new information on the program is available