Most people associate TikTok with a popular social media app for teenagers. Nothing could be more wrong. Our today’s article will prove that it is just a prevalent stereotype and that the service itself hides a lot of pioneering solutions for the ecommerce industry. One of them is the TikTok Shopping feature, now known as TikTok Shop, which allows users to promote and sell products on the platform. How to sell on Tiktok? Read on to find out more.
TikTok is one of the fastest-growing apps in the world. Even the restrictions that a few countries have imposed on the platform, have not prevented it from expanding. For example, India banned TikTok twice, first in 2019 (the provision was repealed), and then in 2020. Some tight restrictions were also to be imposed on TikTok in the USA. Eventually, however, this did not happen, and a portion of its shares was bought out by American companies, Walmart and Oracle.
TikTok generated revenues of about 4.6 billion US dollars in 2021 alone. The number of users reached 1 billion last year, and it took only 5 years for the platform to achieve this result (Facebook and YouTube, for instance, needed 8 years to do so).
According to the latest statistics by Datareportal, 56% of global TikTok users are women. The largest number of users are between 18 and 24 years old. The second dominant audience is between 25 and 34 years old. TikTok is also the most engaging app as the average user session lasts 10.85 minutes. To compare, Pinterest ranks second with 5.06 minutes.
TikTok has more than 1 billion monthly active users, 90% of whom use the platform daily. By comparison, Facebook has 2.9 billion monthly active users, YouTube 2.5 billion and Instagram 2 billion. The average time spent on TikTok has increased to 95 minutes per day.
Women continue to dominate the audience (55.3%). TikTok is used by people of all ages. Although 18-24 year olds (37.3%) and 25-34 year olds (32.9%) still make up the largest audience, other generations also use the platform: 35-44 (15.7%), 45-54 (8.3%), 55+ (5.8%).
As it turns out, TikTok is not only a social media platform aimed at young people who enjoy watching and creating short videos related to the latest dance trends, but also an ideal place for would-be entrepreneurs. To that end, the platform has launched a new feature called TikTok Shopping.
TikTok content creators can tag their videos with specific products that users can purchase directly from the app. This shortens the whole shopping process as they don’t have to go to a separate online store to do so.
TikTok Shopping feature offers two solutions for ecommerce. The first one is Direct Integration, while the second is Partner Integration. In both cases, merchants receive access to all the necessary functions and advertising tools. They are configured in a different way, though.
How to sell on TikTok? The first step is to set up a shop in the TikTok Seller Center. It is a portal for merchants that lets them run their ecommerce business on this social platform. It provides comprehensive solutions, such as store management, customer service, and performance analysis. How to create a shop in the TikTok Seller Center?
It is not possible to sell products or services without verifying your identity. How to do it?
Once you have verified your business documents, you must bind a bank account to your store so you can get paid for purchases and process returns. How to go about it?
Once you’ve taken all these steps and been successfully verified, you can add products to your store.
You can set up TikTok Shopping Partner Integration on a Partner Platform, manually or via API.
There are no specific guidelines or solutions that will guarantee that your store on TikTok will be successful. It depends on many factors that you should pay attention to. Follow our useful tips:
TikTok Shopping is a successively improved feature that gives merchants new opportunities in the ecommerce business. Companies whose target audience is Gen Z or Millenials should closely monitor the development of the platform, as it is an ideal source of potential customers.
You’ve just learned how to sell on TikTok. Read also: How to run ads on Instagram?
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Author: Laura Green
There’s probably no social media channel or tactic that Laura doesn’t feel confident about. Whether it’s jumping on the latest TikTok trend, launching a Pinterest campaign, or live-streaming on YouTube - this Social Media Ninja has done it all.
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