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TikTok allows its creators to make short, 30-60 second videos of themselves dancing, lip-syncing, doing comedy, and performing music. Brands even realize that they can use TikTok as a way to advertise. It has truly become a multifaceted app with a variety of opportunities.
Like many social media apps, there are influencers and popular creators, otherwise known as "TikTokers". These TikTokers may be young, but they make much more than your everyday teenager. There are many online calculators that calculate TikTok estimated earnings from popular creators' accounts. How does TikTok figure out how much each creator earns? And how much do TikTokers get paid? The short answer is – outside of TikTok.
Many TikTok creators who are popular on the app will have brands reach out to them, asking them to partner with them for influencer promotions. Brands are always looking for people with large followings. Top TikTokers' estimated earnings are about $50,000-$100,000 per post for a successful brand partnership.
A lot of brands also view TikTokers as the new bloggers. Lots of prestigious brands have invited Generation Z stars to their brand events. For example, Charli D'Amelio was invited to Milan Fashion Week, where she was asked to sit front row at Prada's Fall 2020 fashion show. She documented a lot of the show which benefits both Charli and Prada. After the show, D'Amelio made TikToks with three models dancing to Avril Lavinge's "What The Hell", which ended up going viral.
Selling Merch
TikTokers also make money by selling merchandise, otherwise known as "merch." TikTokers followed the trend that many popular YouTubers such as David Dobrik have used. They accomplish this by selling merchandise based on a brand. Also, TikTokers sell merchandise by adding the link to their store in their profile, as well as on all of their social media accounts.
Content Creation Companies
What kind of merchandise do TikTokers sell?
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J.
Mississippi State is 5-1 ATS over its past six games as a road underdog.
12 p.
m.
18 UCLA (-10, 60.
m.
UCLA is 5-0 ATS as a road favorite since the start of last season.
Noon p.
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Do any hotels near Crown Casino in Melbourne have a pool? Popular hotels near Crown Casino in Melbourne that have a pool include: Crown Promenade Melbourne - Traveler rating: 4.
5/5 Crown Towers Melbourne - Traveler rating: 4.
5/5
Which hotels near Crown Casino in Melbourne are romantic? These hotels near Crown Casino in Melbourne have been described as romantic by other travelers: Treasury On Collins - Traveler rating: 4.
0/5 Vibe Hotel Melbourne - Traveler rating: 4.
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0/5 It is always best to call ahead and confirm specific pet policies before your stay.
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This article is excerpted from the FEE Daily, a daily email newsletter where FEE Policy Correspondent Brad Polumbo brings you news and analysis on the top free-market economics and policy stories. Click here to sign up.
If you listen to folks like Senator Bernie Sanders too much, you'd think that the only time businesses raise wages for their hourly employees is when they're forced to by increases in the minimum wage. But that's not actually how labor markets work. And Amazon just provided us with yet another glaring example that competition can lead to wage increases without government meddling.
"Amazon said Wednesday that it plans to give more than 500,000 of its workers a raise as it seeks to attract new workers," ABC News reports. "The online shopping giant, which already pays new hires at least $15 an hour, said it will start increasing pay between 50 cents an hour to $3 an hour starting next month."
As lockdowns are finally being unwound across the country, demand for goods and services is surging. To keep up with increased demand, businesses are scrambling to hire new workers. But, in part because of counterproductive welfare programs and in part due to underlying market realities, there's a shortage of available workers. This means that in order to get people to come aboard, Amazon has to open its checkbook and increase wages.
Its competitors are leaving it no choice.
"Other retailers have been boosting pay, too," the ABC report notes. "Costco, for example, recently raised its minimum wage to $16 an hour. And Target recently raised its starting pay to $15 an hour."
Of course, Amazon is far from a patron saint for free-market capitalism. The company engages in crony capitalist rent-seeking by lobbying for anti-market policies like a $15 minimum wage and corporate tax hikes because it knows these will hurt its start-up competitors.
Like this story? Click here to sign up for the FEE Daily and get free-market news and analysis like this from Policy Correspondent Brad Polumbo in your inbox every weekday.
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