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3 TikTok Trends Brands Must Pay Attention To

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3 TikTok Trends Brands Must Pay Attention To

Opinions expressed by Entrepreneur contributors are their own.

While there are mixed opinions about TikTok, there is no denying that it has earned a place among the top social media channels. Trends on TikTok shift quickly, but agile content creators can make money from their profiles.

Not only was TikTok the most downloaded app in 2022, but also kids spent 62% more time watching TikTok videos than they did YouTube. In addition, it’s noteworthy that Gen Z is the app’s largest demographic, with at least 45 million users in that age range accessing TikTok at least once per month.

At its current growth rate, TikTok has already surpassed Instagram in popularity and will also outstrip Snapchat. This means it’s essential for brands, content creators and marketers to stay on top of TikTok trends to monetize the roughly 95 minutes a day that the average TikTok user spends watching videos.

Here are a few trends to pay attention to:

Related: Looking for New Ecommerce Customers? TikTok Might Be the Best Place to Start.

1. The platform is becoming a sales hub for both brands and influencers

Research from ConvertSocial has found that sales through TikTok’s platform have increased by nearly 400%. One part of this massive surge in sales is because influencers are taking full advantage of advertising and sales opportunities, mainly where affiliate marketing and paid partnerships are concerned.

Additionally, small businesses have also jumped on TikTok as a way to actively establish sales chains that are targeted to younger audiences. These small businesses are creating strong presences, developing their brand identity based on what appeals to these younger users and leveraging that to expand their customer base.

One of the most important factors surrounding this impressive sales growth is that its primary user base has now aged into a bracket where it has considerable spending power. The 10-19 range makes up 32.5% of TikTok’s users, while those aged 20-39 comprise just under 46% of active users. This translates to more purchasing power and a greater interest in products and services with a higher ticket value.

Related: 5 Ways That Gen Z Differs from Millennials That You Must Take Into Account When Promoting Your Business

2. Over half of TikTok’s users are women with substantial purchasing power

In a Statista survey as of January 2023, roughly 54% of the global TikTok user base identifies as female. With over a billion users and 670 million downloads in 2022, this is a huge market that most brands are leaving largely untapped.

Believe it or not, only about 18% of marketers fully utilize TikTok as an advertising channel. However, there is an impressive pool of talented social media influencers on the platform who are willing to collaborate with brands to launch successful marketing campaigns, so marketers need to start taking TikTok more seriously to generate revenue.

When you add that women either control or influence at least 85% of consumer spending and account for about $10 trillion of U.S. financial assets, brands should pay attention to what female TikTok consumers are interested in buying.

3. TikTok monetization has yet to hit the saturation point for influencers

Content creators and influencers are well-versed in using platforms like Instagram and YouTube for affiliate marketing and creating a sales funnel. These monetization methods have been done to death via webinars, blog posts, courses and how-to articles.

However, the same is not true for TikTok, partly because it is still a relatively new phenomenon and partly because influencers’ methods to make money are more complex than those of Instagram or YouTube.

For instance, most creators must either heavily promote their affiliate codes or frequently change a link in their profile to keep up with what they’re selling. On other platforms, there are more opportunities to place a clickable link somewhere, which makes the selling process more manageable.

This dovetails with another trend: brand partnerships. Recent ConvertSocial data shows that TikTok bloggers’ income from brand partnerships has grown by 58% in the past year, which proves that the platform’s influencers are figuring out that utilizing the power of a brand alongside traditional affiliate marketing mechanics is a winning strategy for them.

Related: Taco Bell Just Premiered ‘Mexican Pizza: The Musical’ on Tik Tok, Starring Dolly Parton and Doja Cat

Here’s the forecast for TikTok’s marketing prospects

In 2023, one of the best things a brand can do is take TikTok more seriously regarding its audience’s spending power. Most TikTok users can pay for goods and services they see on the platform, so brands can and should leverage this as a lucrative sales channel.

However, it would also be irresponsible not to mention the concerns about certain regulatory risks that some governments, particularly the United States, have raised because TikTok is a Chinese creation owned by a Chinese company called ByteDance. While this has yet to stop over a billion people worldwide from using the app, it is a good idea for companies to capitalize on TikTok’s popularity with eyes wide open and plenty of protections in place.

Overall, TikTok’s popularity is slated to continue its impressive rise, and the revenue-generating opportunities look pretty positive for the coming year. As the platform releases new advertising tools, influencers gain a stronger grasp of marketing mechanics, and more brands begin entering the space; tremendous opportunities await.

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With Its Novel Affiliate Model, The Sporting News Bets on Lifetime Value

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With Its Novel Affiliate Model, The Sporting News Bets on Lifetime Value

Sports publisher The Sporting News raised $15 million in Series A funding in September, in large part because of the unique affiliate marketing model it employs.

The company, like a growing number of sports media newsrooms, generates revenue from referring its readers to sportsbooks and gambling operators. 

But unlike traditional affiliate models—where retailers like Amazon pay publishers like Wirecutter on a cost-per-acquisition basis each time a customer makes a purchase—The Sporting News uses a revenue-share structure, meaning that it receives a percentage of the lifetime value of the new customers it sends to gambling operators.

“When it comes to delivering a customer to a platform with a longer use case, it is short-sighted to take a one-time fee,” The Sporting News CEO Rich Routman said. “If I send someone to a streaming platform, and they spend $10 a month for five years, why would I take a $20 bounty? I’ll take $2 a month for five years.”

The model enables The Sporting News to act more as a long-term partner to the sportsbooks it works with, sharing in their successes by generating revenue when their referrals spend money. This year, the sports-betting industry in the U.S. is projected to generate $7.62 billion in revenue, according to Statista.

Interest in this kind of model has risen as publishers look to diversify their revenue streams.

While affiliate marketing and commerce are critical in these efforts, they are challenging because publishers have to stack up thousands—if not millions—of individual purchases to make the operation worthwhile. 

But revenue-share models let publishers generate recurring income from the customers they generate while placing the onus on them to source quality referrals—a dynamic similar to performance advertising.

Potential in other publishing sectors

The revenue-share model is commonplace in Europe, where the sports-betting market is more mature. The Dutch firm Better Collective, for instance, projects 2023 revenues of $345 million, according to company filings.

But it’s rarer in the U.S., where gambling on sporting events became legal federally just five years ago. So far, only sports publishers have embraced the model, as it functions best in industries in which customers have high lifetime values.

But there is no technical reason why it wouldn’t suit other media companies with similar market dynamics, such as software sales or subscription services, said Bryce Widelitz, vice president of publisher innovation at partnerships management platform impact.com.

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How Creators Are Powering Social Commerce

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How Creators Are Powering Social Commerce

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In the ever-evolving landscape of social media and shopping, a profound shift is underway as retail giants like Amazon and Walmart, along with social media platforms such as TikTok and YouTube, rely on creators to delve deeper into social commerce.

At the forefront of this transformative journey are creators, emerging as pivotal players in steering the course of social commerce.

From Walmart launching its own creator marketplace to the emergence of TikTok Shop, here are the key developments.

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Cyber Monday 2023: The best extended deals from Amazon, Walmart, Best Buy, Apple and more

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As a participant in multiple affiliate marketing programs, Localish will earn a commission for certain purchases. See full disclaimer below*

There is still time for Cyber Monday savings. If you didn’t have time to pick stuff up on Cyber Monday, don’t worry as many of your favorite brands still have extended Cyber Monday sales. Here is every major brand’s extended Cyber Monday and Black Friday 2023 sales that you need to know. Check out best Cyber Monday deals under $100 and best Cyber Monday deals on Amazon.

Deals from top retailers

Amazon

Amazon’s Cyber Monday event has ended, but there’s still time for holiday shopping with sales up to 71% on all things tech, household appliances and more.

Cyber Monday 2023 The best extended deals from Amazon Walmart

This is your last chance to get the Apple Airpods 2nd Gen for under $100.

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The most powerful Beats headphones yet, the Studio Pro is on sale for more than 50%.

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Hisense 58-Inch ULED 4K Smart Fire TV

The crisp Hisense TV is on sale for 41% off.

Walmart

Walmart’s Cyber Monday Deals is live until supplies last, with massive sales on items from Dyson, Sony, Apple and more.

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PlayStation 5 Spider-Man 2 Bundle

The PS5 bundle comes with the hit Marvel’s Spider-Man 2 disc for 10% off.

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The Xbox Series S bundle comes with an additional Xbox controller and a 3-month Game Pass subscription.

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The fan-favorite Bissell Vac-and-Steam All-in-one is on sale for nearly $100 off.

Home Depot

Home Depot is offering Cyber Monday deals online and in stores now through 11/29, with up to 60% off on home appliances.

Best home products deals

HexClad Cookware

Gordon Ramsay’s favorite cookware brand is offering 50% off their excellent pan and pot sets for Cyber Monday 2023.

HexClad 12-piece Cookware Set

At 40% off, you could have Gordon Ramsey’s favorite 12-piece cookware set for the lowest price ever.

Dyson

Dyson deals are the best, with many of its revolutionary hair products and vacuums now on sale for up to 50%.

1701217563 385 Cyber Monday 2023 The best extended deals from Amazon Walmart

Dyson Supersonic Hair Dryer

Dyson’s revolutionary Supersonic Hair Dryer is on sale for the first time this year – grab this excellent product for 25% off.

West Elm

West Elm is giving 70% off on many of its best luxury furniture for extended Cyber Monday sales.

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Roar & Rabbit Geo Inlay Nightstand

This beautiful nightstand is going for 30% off at West Elm.

Solo Stove

Solo Stove is the best fire pit retailer on the market, so get their warmth for up to 40% off.

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Secure some holiday warmth with the table top Mesa fire pit for 22% off.

Tech and entertainment

Hulu

Take advantage of Hulu’s amazing Black Friday deal for a limited time! Subscribe to the Hulu (With Ads) plan for 99 per month for one year, current regular monthly price after. Get this deal now by clicking here. Ends 11/28/23. Eligibility restrictions and terms apply.

Best jewelry, clothing and fashion deals

Crocs

Crocs’ Cyber Week sale are hosting sales up to 50%.

crocs

The Classic Clog is a classic for a reason at 25% off.

UNIQLO

UNIQLO is having its only sale of the year, with amazing Cyber Week deals for your online shopping experience.

Nordstrom

Nordstrom has Cyber Monday deals until midnight tonight, offering up to 82% off across all categories like Nike, UGG, Calvin Klein, Tory Burch and more.

Lululemon

The popular athleisure wear company has a number of great extended Cyber Monday finds, especially in their “We Made Too Much” page for the holiday shopping season.

Best haircare and cosmetics deals

Find deals from Ulta, Sephora and more.

Ulta

Ulta’s Cyber Monday sales are now live and ends Tuesday November 28th, with up to 50% select beauty products.

The Walt Disney Co. is the parent company of Hulu and this ABC station.

* By clicking on the featured links, visitors will leave Localish.com and be directed to third-party e-commerce sites that operate under different terms and privacy policies. Although we are sharing our personal opinions of these products with you, Localish is not endorsing these products. It has not performed product safety testing on any of these products, did not manufacture them, and is not selling, or distributing them and is not making any representations about the safety or caliber of these products. Prices and availability are subject to change from the date of publication.

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