ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Filters are a Key Feature for Social Media Content; Here's How Creators Can Monetize Them Better

The latest update is that the creators now need just 100,000 videos to showcase the usage of their filters.
PUBLISHED MAR 16, 2024
Cover Image Source: The TikTok logo is displayed at TikTok offices | Getty Images | Photo by Mario Tama
Cover Image Source: The TikTok logo is displayed at TikTok offices | Getty Images | Photo by Mario Tama

Becoming an influencer on TikTok or any other social media platform isn't as simple as it seems, since it involves creating relatable content after identifying the target audience and their demands. Despite this challenge, TikTok provides all its users with a platform where everyone can equally experiment and explore their talents. The platform has in the past come up with several changes such as TikTok shop, a creator's fund program, filters, and changes in the duration of videos. In a bid to expand its horizons further, TikTok recently announced its plans for the monetization of Effect Creator Rewards, which means more people can create effects without payout limits.



 

Creators from around the world are relying on TikTok as they earn by making the app’s viral filters and effects. This led to the launch of the Effect Creator Rewards program in May 2023 where TikTok has put aside a corpus of $6 million for creators invested in creating aesthetic filters, mini-games, and more such viral trends through TikTok’s AR development platform, Effect House. The program has updated its payout model and has expanded its reach to 33 more regions. These include Argentina, Austria, Bahrain, Belgium, Belarus, Chile, Colombia, Czechia, Denmark, Ecuador, Egypt, Greece, Hungary, Israel, Kazakhstan, Kuwait, Mexico, Morocco, New Zealand, Norway, Oman, Peru, Portugal, Qatar, Romania, Saudi Arabia, South Africa, Sweden, Switzerland, Taiwan, Thailand, Turkey and Uruguay. Now, creators from these places can also participate and earn as Effect Creator Rewards is now available in a total of 53 regions.



 

To earn, creators' effects have to be used in 500,000 videos, which are lowered to 200,000 within 90 days of launching the filter. The latest update on the same is that the creators now need just 100,000 videos to showcase the usage of their filters. Additionally, the past trends of the program also showcased that the creators got rewards for their effects used in both public and private videos. But as per the latest updates, they will just be credited for their effects used in public videos. TikTok is pretty aware of how these changes will hit the creators and so it has introduced a new payout model or method called RPM or revenue per mile. The rewards in the RPM model will be calculated by seeing the qualified views and revenue generated from them per 1,000 views. 



 

This simply means that the creators will get the payments based on how many people are using their effect in their first 90 days of release. Once the creators' effects cross the threshold of 100,000 videos, they start earning money. The creators keep earning money for every new video till 90 days or till they reach the maximum reward. These new changes apply to the new effects coming on the app. On the other hand, the old effects will be using the old payment system. The platform further revealed that some creators under this program even earned $14,000 for just one effect, which went up to earning $50,000 monthly.

MORE ON MARKET REALIST
He asked Americans to forget about the stimulus checks until the tariffs issue is dealt with.
33 minutes ago
The technology will see millions out of jobs, cutting their spending power by a huge margin.
38 minutes ago
He spoke about the 5% wealth tax proposed in California as a starting point.
21 hours ago
Child care costs are a major concern in Pennsylvania’s 7th District.
22 hours ago
The Shark Tank investor believes that the new Mayor would tax people into oblivion.
22 hours ago
The President's tariffs were recently adjudged illegal by the US Supreme Court.
1 day ago
“If Wendy’s wants to stay competitive, it needs mouthwatering vegan options—not another animal on the menu,” PETA president Tracy Reiman stated.
1 day ago
With a net worth of $7.1 billion, Spielberg would have shelled out an estimated $355 million in taxes if the levy were passed. 
1 day ago
"In the meantime, it's going to be very disruptive. It's going to be painful for a lot of people," he claimed.
1 day ago
Several major companies have pointed to AI as the major factor behind their workforce reductions.
2 days ago
Reports estimate workers will soon push back against losing their jobs to AI.
3 days ago
The contestant came close to winning it all, but her mistake came right at the very end.
3 days ago
The retailer has often brought back items after a long gap, and the strategy usually always works.
3 days ago
From a sales perspective, Walmart has been on top for several years thanks to high revenue.
4 days ago
He believes that only the global elite will benefit from AI's growth on almost every single front.
4 days ago
He claimed that traditional ingredients had been replaced with cheap substitutes.
4 days ago
"So, they will always point the finger at the president and say it's his fault and not take the blame," they said.
4 days ago
"All it took was a president willing to impose tariffs, willing to present manufacturers with the appropriate economic incentives," they said.
4 days ago
The contestant was feeling good about his chances but ended up with nothing.
4 days ago