Top 5 Useful TikTok Money Calculator 2021
TikTok is a platform for showcasing talent while earning money in an indirect manner. That’s why the TikTok Money Calculator has appeared. Its major objective is to calculate your profits based on real-time involvement and influencing actions. While doing so, the number of followers is also considered. To your knowledge, 100% of the money earned by TikTok influencers comes from advertisements or sponsored sponsorships. So, what are these tools helpful for?
Basic information about TikTok Money Calculator
The first thing you need to know is how you earn money on TikTok and based on that, how the TikTok Money Calculator works.
How much money can you make on TikTok?
The easiest option for TikTok users to earn money right now is to produce in-video advertising and promos for businesses or individuals. Because TikTok’s advertising network is currently non-existent, the only method for influencers to generate money is to discuss the terms of the advertisement campaign ahead of time.
The most well-known influencers and opinion leaders will be identified almost quickly, and they will be the first to sign cooperation agreements with the biggest companies. It is well known that in order to reach the first prospective advertisers, an average TikTok influencer must have at least a thousand followers. The pricing for sponsored videos fluctuates continuously, however, prominent influencers may make between $500 and $20,000 each video based on the sort of advertising and the user’s account’s prominence on TikTok.
The basic calculation
There will be no TikTok earning calculator if you use the Chinese version of TikTok. The functionality, or more accurately, third-party support, is only accessible on TikTok’s Western edition.
The TikTok Money Calculator estimates the profits from a TikTok account based on the social engagement rate, the number of views per video, and the number of followers. The general formula is as follows:
(Number of likes + Number of comments/Number of followers) x 100
Understand this formula, you will know how the Money Calculator works with TikTok.
Some Apps That Help You Count TikTok Money
Now, let’s discover some TikTok money calculators, along with their key points. Also, you need to keep in mind that these tools are not officially affiliated with TikTok, they serve as computation support platforms.
TikTok Influencer Earnings Calculator
The most crucial component of this calculator is calculating the engagement rate. It is because it is a very important component that a brand may look at.
There is, however, no formal technique for calculating the engagement rate. The majority of the publicized ones are incorrect. They won’t provide you the proper figures for the percentage of users that open the app once a day.
After reviewing each TikTok account involvement due to accuracy concerns, it is revealed that the formula of Influencer Earnings Calculator is:
([Number of likes + Number of comments]/Number of followers) x 100
FeedPixel assists you in analyzing TikTok’s revenue potential but is a new and updated version. When utilized appropriately, these tools may assist an account in becoming an influencer and making a lot of money via the usage of the right marketing plan.
Based on their expertise, FeedPixel recommends four categories of influencers. Nano-influencers, Micro-influencers, Macro-influencers, and Mid-tier influencers are the four types. Furthermore, another method of earning is nearly the same as that described by other sites. Except for the specific technique and niche you pick for marketing objectives, there is no difference. Macro influencers make the greatest money because of their high commission rates. Rising TikTok influencers, on the other hand, may earn between $30 and $150 for each sponsored post.
Ninjaoutreach’s outreach software is designed for digital marketers and small company owners. The program relies only on keyword research to identify possible influencers in your field. As a result, it may be quite beneficial software for businesses. To have access to the software, you must first create an email account. Overall, it’s a fantastic tool for establishing a strong Internet presence.
Despite the fact that it is not directly linked to money computation, the program is extremely beneficial for gathering a large number of important data. It also enables the user to conduct multiple campaigns and send customized templates directly from the platform. Overall, it aids in the discovery of target websites and influencers across multiple social media platforms.
The more engagement you have, the more money you will be paid as an influencer. IgFace is useful not just for individual creators, but also for brands and businesses. They may utilize it to prevent being duped by influencers. Metrics on specific TikTok accounts may be analyzed regularly to maintain track of influencer profiles. Finding an interaction rate based on a certain pattern is also important for companies looking for prospective influencers in their product area.
Exolyt TikTok Money Calculator
Exolyt is a simple tool that is specifically designed to compute profits on any public TikTok account. Its user interface is rather dynamic, featuring features such as Premium, Leaderboard, and Trends, among others.
Exolyt emphasizes the value of influencer marketing as a means of making money on the network. The second way is to market your products and services.
According to Exolyt, a super influencer on TikTok may make between $50,000 and $160,000 USD for a single business agreement. Other considerations include geography, profile specialty, target audience, profile interaction, and so on. Exolyt loves to use analytics tools to measure progress in order to become this sort of super influencer.
How Can You Earn Money On TikTok?
These technologies above assist you in better understanding your audience, general profile, and growth pace, but the most important thing still lies in the way you monetize on TikTok.
The most frequent method is known as influencer marketing. Influencer Marketing entails promoting various companies or goods via your videos. This essentially implies having sponsored marketing films that would increase sales for the business or product.
The second option to make money on TikTok is to use your videos to promote or sell your own products or services. You might, for example, promote your cosmetics company or online classes.
Whether you’re conducting influencer marketing or promoting your own services, you’ll need a lot of traction on your videos. This implies that you will need a large number of followers, comments, likes, and views before your profile draws enough interaction for the brand’s advertising to be worthwhile. Typically, each video will require more than 100,000 followers and hundreds of comments.
Tips for Earning Money on TikTok
Here are some basic but essential tips for any TikToker who wants to thrive on this platform.
- Create a one-of-a-kind profile without using a template. Concentrate on a certain specialty so that businesses can readily identify your potential.
- Use popular hashtags and don’t forget to participate in various challenges to broaden your exposure.
- Connect your Instagram and YouTube accounts to your TikTok account.
- For promotion, reach out to other influencers and celebrities.
- Use the tools listed above to identify the best match in terms of earning potential. Or look for quality services like buying TikTok accounts or buying TikTok followers from trusted providers who will assist you in the long run.
So, all the information above can support you better to achieve a good TikTok income in the future. Every success comes with using specific tools. Our list of TikTok money calculator tools is much like that and helps you extensively grow on the platform. Be in touch with us to pick up the right tools for the right strategy!
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