TikTok’s currency is diamonds. Diamonds in TikTok is one of the few ways to make official money on social networks without advertising products or businesses. Once viewers have sent gifts and the social network has converted them into diamonds, they can be turned into real money.
It’s also worth considering that the commission of TikTok as well is relatively high. Therefore, the amount is different from the purchase of coins by viewers and getting money for diamonds from content creators.
What is the worth of diamonds in TikTok?
Many viewers who buy coins on TikTok are wondering how much diamonds cost because that’s what content creators get. At the same time, TikTokers who haven’t yet monetized want to figure out how much they can earn. Since the way of making in TikTok is different from other social networks.
Each TikTok diamond has a value equivalent to $0.005. Thus, the price of one thousand TikTok diamonds is five dollars. As a result of these calculations, 10,000 diamonds are worth 50 dollars.
Each content creator must have 1,000 followers before they can broadcast live. This is a prerequisite for the platform to host a live broadcast. After that, TikToker can open the statistics section and view the number of viewers, givers, new subscribers, and diamonds in more detail.
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What commission does TikTok charge?
Also, after you have calculated the cost of diamonds, it’s worth bearing in mind that TikTok takes a commission to withdraw funds. The amount of commission is relatively high – it’s 50%. By the way, there is also a commission for transferring gifts into diamonds.
Many people don’t consider it, and when they send a gift to a blogger, they think they will get the same amount as the viewer-bought coins. However, it’s not true. The content creator won’t get the same amount of money because of the commission from the service.
For example, a viewer spending $60 can buy 3,303 coins. Thus, given these figures, users earn less than many expect.
How to earn diamonds?
Since the primary way for video creators to earn diamantes is to receive gifts. You can’t accumulate them in any way. Diamonds are converted after receiving gifts. Therefore, to be able to withdraw money to your PayPal, you should hold live broadcasts so that viewers can give you gifts.
Content creators at TikTok develop different ways to make live broadcasts so viewers will be interested and give gifts as a token of their appreciation. TikTokers with multi-million views create content using this as their primary form of income. Since most of these people have a team that helps them shoot. Depending on the video topic, they have different specialists working for them.
Nowadays, not only bloggers should make videos and develop their social networks. Any specialist in various fields should thus attract new customers. In any case, it’s worth shooting content that can benefit people. Such bloggers develop their videos faster because they are attractive to many people.
