Yes, TikTok creators can earn money from virtual gifts they receive from fans during live streams. Gifts on TikTok are a way for fans to show support and appreciation for their favorite creators. When a fan sends a gift, the creator receives a certain percentage of the gift’s value in diamonds, which can then be exchanged for real money.
How Do Gifts Work on TikTok?
On TikTok, there are various virtual gifts that fans can purchase and send during a creator’s live stream. The gifts appear as animated stickers, such as roses, teddy bears, and unicorns. They range in price from a few cents up to $100 or more.
When a fan buys and sends a gift, the money spent goes to TikTok. TikTok then gives the creator a cut of the gift’s value in diamonds. The diamond amount varies based on the specific gift, but it’s typically around 20-30% of the gift price.
Creators can exchange their diamonds for real cash through TikTok’s Creator Fund program. The conversion rate is approximately 140 diamonds per $1. So if a fan sent a $10 rose gift, the creator would get around 210 diamonds, equaling around $1.50.
Who Can Receive Gifts?
Any verified TikTok creator with at least 1,000 followers can start receiving virtual gifts. To become verified, you apply through the app and TikTok reviews your account. Verification gives creators access to additional features, including gifts.
In addition, only creators who are at least 18 years old can exchange their diamonds for money. Younger creators can still receive gifts and diamonds, but can’t cash them out until they turn 18.
How Much Money Can You Make from Gifts?
The amount of money a creator earns from gifts can vary significantly depending on their audience size and engagement. Generally, creators with larger followings and more views on their live streams earn more from gifts.
For smaller creators just starting out, gift revenue might only add up to a few extra dollars here and there. But popular creators with millions of fans can make thousands of dollars per week from virtual gifts alone.
For example, influencer Spencer X has said he can make up to $70,000 in one week from gifts during his TikTok live streams. Other top earners can make over $1 million per year from gifts and TikTok’s Creator Fund combined.
Tips for Earning More from Gifts
Here are some tips creators can use to maximize their gift income:
- Go live consistently – the more you’re live, the more chances fans have to send gifts.
- Remind viewers to send gifts – politely suggest gifts if fans are enjoying the stream.
- Offer special perks for big gifts – give shoutouts or follow backs to top gift senders.
- React excitedly when you receive a gift – this positive feedback encourages more gifting.
- Stagger big giveaways or stunts – spread out your best content to keep fans engaged.
- Thank gift senders – show your appreciation to keep them supporting you.
Conclusion
In summary, TikTok creators can absolutely earn real money from the virtual gifts their supporters send during live streams. While the amounts are small for creators just getting started, the gift revenue can become quite substantial for accounts that build up large, devoted followings. Using gifting features strategically and keeping fans engaged is key to maximizing payouts.