A method of manufacturing a toner by using a liquid dispersion in which a dispersoid containing a material for manufacturing a toner is dispersed in a dispersion medium, and containing a dispersant having a function of improving the dispersibility of the dispersoid, the method including the steps of: preparing the liquid dispersion, applying ozone to the liquid dispersion and/or a liquid dispersion from which at least a portion of the dispersion medium has been removed, and irradiating UV-rays to the liquid dispersion and/or the liquid dispersion from which at least a portion of the dispersion medium has been removed.