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Side Hustle School

#2639 - Q&A: “TikTok is taking way too much commission…”

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Small Business, Careers, Entrepreneurship,, Entrepreneurship

4.73.3K Ratings

🗓️ 23 March 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

In today's episode, we decode TikTok's Creator Fund commission structure and discuss strategies for maximizing earnings as a content creator.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.substack.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

So it's David's first week. Welcome David. Actually to kick things off David, maybe you can let us know your thoughts on the productivity portfolio flips around the spending dilip.

0:10.0

Okay, sorry? Give us your initial POV on the productivity portfolio Moo-Moo-M make much more with a feather this morning?

0:17.5

Oh, that, yeah, the uh...

0:20.5

Does industry talk make zero sense to you?

0:22.8

Find collaborative articles with tips from the LinkedIn community to help you navigate those awkward moments.

0:27.8

Making work makes sense?

0:29.1

LinkedIn knows how. Monetizing content on platforms like Tic-Toc has opened up all sorts of pathways and avenues for creators.

0:45.2

In the book I published last year at Gonso Capitalism, I told the story about this guy who makes

0:50.9

money as a sleep fluencer, basically paying people to keep him awake at night all through the night in Australia,

0:57.0

which is actually our day over here in North America,

1:00.0

and he's earning $30,000 a month from this ridiculous, crazy absurd project.

1:06.0

And it's not just that. TikTok allows creators of all kinds to make money.

1:09.4

However, TikTok, not shockingly, makes a lot of money itself.

1:14.0

And so here we're going to hear today from a creator

1:16.6

who's like, okay, I want to make some money here,

1:18.4

but how much commission is Tic-Toc actually taking

1:21.9

or bite dance, the parent company of TikTok.

1:24.4

They actually take a lot like a huge commission.

1:27.0

You're going to be shocked to hear the percentage if you did not know this.

1:30.6

And so let's talk a little bit about that commission process and discuss perhaps some strategies to effectively manage and maximize a creator's earnings on a platform such as TikTok.

1:39.0

I'm going to title this, TikTok as taking way too much commission just because that's kind of the reality.

1:44.3

So let's give a shout out to our sponsor and then hear Theos question.

...

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