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TikTok Expands Creator Monetization Features with Subscriber-Only Videos

 1 year ago
source link: https://www.socialmediatoday.com/news/tiktok-expands-creator-monetization-features-with-subscriber-only-videos/654381/
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TikTok Expands Creator Monetization Features with Subscriber-Only Videos

Published June 29, 2023

By
Andrew Hutchinson Content and Social Media Manager

TikTok’s rolling out yet another creator monetization option, with the addition of subscriber-only videos, which will enable creators to share exclusive content with paying subscribers in the app.

The feature will be built into the LIVE Subscriptions package that TikTok launched last year, which enables live-streamers to generate recurring revenue from their efforts, by sharing regular exclusive streams with their paying audience.

Now they’ll also be able to share non-live content as well, providing another incentive to win over more users.

As explained by TikTok:

“Subscriber-Only Videos are exclusive videos that only subscribers can view. The new perk encourages interactions beyond the LIVE room, enabling subscribers to like, comment, and reply to one another, helping creators foster even more meaningful connections with their community.”

TikTok’s still developing a more effective, equitable revenue program for creators, in order to keep them more aligned to the app, and by building out its LIVE Subscriptions package, that could be another means to maximize interest, and opportunity, for streaming creators.

Ideally, TikTok would also like to parlay that popularity into live-stream commerce as well, but thus far, TikTok users haven’t been overly enamored with live shopping in the app. At least, not in most regions. TikTok is seeing significant live commerce growth in East Asian markets, but Western audiences haven’t warmed to the concept, which has also been a big hit for the Chinese version of the app.

Indeed, live commerce is now the top revenue stream for Douyin, the Chinese iteration of TikTok, and parent company ByteDance had been hoping that it could translate that success over to the billion users on TikTok as well.

But with that failing to gain traction, TikTok’s been forced to consider other options, including creator subscriptions and facilitating brand partnerships, as a means to get revenue flowing to top talent.

The question now is whether that will be enough, or whether more of its stars will look to other platforms instead, where they can generate greater income from their efforts.

It remains a significant risk for TikTok’s long-term growth, which is why it’s rolling out more and more options on this front, in the hopes that it can find the best way forward.

TikTok says that LIVE Subscriptions are available to creators over 18 years of age with a minimum of 1,000 followers. You can find more info on TikTok’s creator monetization features here.


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