TikTok continues to develop new ways to help creators develop, with a view to increased monetization, this time via a new program called ‘Agency Center’, which, when activated, will signal to talent agencies that they’re open to additional guidance and support, where available.
As you can see in these screenshots, shared by social media expert Matt Navarra, the new option, which is now available to some users within their TikTok LIVE settings, enables creators to tap through to the ‘Agency Center’ menu. There you can activate the ‘Agency invitation’ option, which, when switched on, will enable your TikTok profile to be ‘searched and invited by any agency’. You can also withdraw your interest whenever you choose.
TikTok provided this explanation to SMT:
“LIVE agency is a function that allows creators to be discoverable by LIVE Talent Agencies to help develop/coach growth within LIVE (i.e. tips and tricks, best practices, etc).”
TikTok says that LIVE Agencies will eventually be able to invite creators to join their network, where they will train, coach, and connect them with their community of experienced LIVE Creators, in order to improve their broadcasting approaches.
The program is still in development, but the idea is that it will enable creators to refine their live broadcasting strategy, which will then better enable them to build audience, and likely incorporate additional tools, like live shopping and promotions, into their streams.
Ultimately, the program is another element in TikTok’s broader effort to facilitate more monetization opportunities for its top creators, by helping them both improve their growth strategies and make connections within the app that can then help link them to new partnerships.
TikTok’s hoping to create a more organic, simplified brand partnership ecosystem, in order to facilitate more monetization opportunities – because right now, top stars can earn a lot more money by posting to YouTube or Instagram instead. If TikTok wants to maintain its growth momentum, it needs to keep these popular users active – because if they stop uploading their content, and TikTok loses their engaged audiences, that, eventually, could be a disastrous blow for the app.
Because that’s what happened to Vine. Vine had hundreds of millions of users at one stage, and was the trending app of the moment among younger audiences, until Vine’s top creators, including King Bach, Logan Paul and others, called for a meeting with parent company Twitter to demand more money for their contributions, or else they’d take their content elsewhere. Twitter refused, mostly because it didn’t have an adequate monetization process in place for Vine clips, and thus, no money to give them, at least in a sustainable process. And eventually, those creators did move on to other apps, which then saw Vine usage plummet.
TikTok knows that this could also happen to its platform, and even though it’s now far bigger than Vine ever was, the vultures are circling, with both Meta and YouTube now offering bigger, more sustainable, more reliable monetization processes. And creators are indeed starting to question whether it’s worth them sticking around on TikTok at all.
It’s not at critical levels yet, of course, with TikTok still the trending app of the moment. But it will become a bigger question, especially as TikTok’s audience continues to grow, and that, inevitably, reduces payments from its static Creator Fund.
For smaller creators, that probably won’t matter, but if you rely on your uploads for income, and your TikTok payouts vary significantly each month, based on the whims of the Creator Fund program, that will become a problem at some stage.
Would that be enough of a problem to stop users from posting? Maybe. Reports have suggested that some big-name stars are now looking to meet with TikTok execs to address the situation.
Which sounds familiar.
That’s why TikTok is working hard to add in new monetization avenues and tools, and this new ‘Agency Center’ option could provide another pathway to establishing a more sustainable income stream for creators in the app.
Meta’s Adding More Ad Targeting Information to its Ad Library Listings
In the wake of the Cambridge Analytics scandal, Meta has implemented a range of data protection measures to ensure that it limits access to users’ personal data and insight, while at the same time, it’s also been working to provide more transparency into how its systems are being used by different groups to target their messaging.
These conflicting approaches require a delicate balance, one which Meta has largely been able to maintain via its Ad Library, which enables anyone to see any ad being run by any Facebook Page in the recent past.
Now, Meta’s looking to add to that insight, with new information being added to the Ad Library on how Pages are using social issue, electoral or political ads in their process.
As you can see here, the updated Ad Library overview will include more specific information on how each advertiser is using these more sensitive targeting options, which could help researchers detect misuse or report concerns.
As explained by Meta:
“At the end of this month, detailed targeting information for social issue, electoral or political ads will be made available to vetted academic researchers through the Facebook Open Research and Transparency (FORT) environment […] Coming in July, our publicly available Ad Library will also include a summary of targeting information for social issue, electoral or political ads run after launch. This update will include data on the total number of social issue, electoral and political ads a Page ran using each type of targeting (such as location, demographics and interests) and the percentage of social issue, electoral and political ad spend used to target those options.”
That’s a significant update for Meta’s ad transparency efforts, which will help researchers better understand key trends in ad usage, and how they relate to messaging resonance and response.
Meta has come under scrutiny over such in the past, with independent investigations finding that housing ads, for example, were illegally using race-based exclusions in their ad targeting. That led to Meta changing its rules on how its exclusions can be used, and this new expansion could eventually lead to similar, by making discriminatory ad targeting easier to identify, with direct examples from Meta’s system.
For regular advertisers, it could also give you some additional insight into your competitors’ tactics. You might find more detailed information on how other brands are honing in on specific audiences, which may not be discriminatory, but may highlight new angles for your own marketing efforts.
It’s a good transparency update, which should glean significant benefits for researchers trying to better understand how Meta’s intricate ad targeting system is being used in various ways.
LinkedIn Data Reveals What Type of InMail Gets Best Results
Ethics and Errors of Facial Recognition Technology
How to Use Product Synonyms to Build Use Case Awareness & Scale SEO
SEO Legend, Mentor & Friend
What Is Small Business SEO?
Google Updates Video Best Practices For Thumbnail Transparency
Pega addresses accelerating business complexity
How & Why To Prevent Bots From Crawling Your Site
5 Ways to Improve Your Lead Scoring Process
A Guide To LinkedIn Single Image Ad Retargeting
LinkedIn Adds Live Captions for Audio Events, Custom URL Listings on Creator Profiles
Six Ways to Adjust Google Ads to Save Budget
Daily Search Forum Recap: May 2, 2022
How Does Google Multisearch Affect SEO?
How to Write the Perfect Page Title With SEO in Mind
Where To Invest In SEO For Maximum Impact
Google Testing New Ad Format With Swipeable Images In A Carousel
Google Says You Can Use Hashtags In Meta Descriptions
Google Search Console URL Parameter Tool Is Now Offline
What’s A Good Cost Per Acquisition (CPA)? Ask The PPC
MARKETING5 days ago
The Ultimate Guide to On-Page SEO in 2022
MARKETING6 days ago
How to Use Pinterest Advertising to Promote Products and Attract Customers
SEARCHENGINES4 days ago
Google Displays Out Of Stock For Items Using Back Order Value In Structured Data
SOCIAL7 days ago
The State of Social Listening in 2022 – Report