Some TikTok users are making big money during quarantine, performing lip syncs and catchy choreographed dances to popular songs and raking in the cash in the process.
TikTok—the dance and song app that saw a massive increase in downloads throughout 2019—is owned by Chinese Internet firm ByteDance and is proving more popular than ever during the coronavirus pandemic.
TikTok's users don't make money from compensation from ads, like YouTube's (GOOGL) - Get Report model, but they can earn from brand partnerships, selling merchandise, or cross-promoting with other social accounts. And all of that adds up.
Watch the video above to learn about five TikTok stars believed to be earning the most, based on estimates from Influencer Marketing Hub, and how much money a single dance clip can bring in.
Hint...it's a lot. Charli D'Amelio, believed to be TikTok's highest earner, collects between $30,000 and $51,000 per post, according to Influencer Marketing Hub.