TikTok Business Statistics That Can Help You Earn More – GOBankingRates

Banking
Learn
Savings Accounts
Checking Accounts
Certificate of Deposit
Money Market Accounts
Credit Unions
Loans
Interest Rates
Reviews
Get Started
Best Banks
Best Savings Accounts
Best Checking Accounts
Best CD Rates
Best Neobanks
Best Online and Neobank Savings
Best Online Banks
Best Regional Banks
Best Credit Unions
Find The Best Bank For You

Investing
Learn
Stocks
Bonds
Cryptocurrency
Brokerages
Funds
Real Estate
Your Strategy
Reviews
Get Started
Best Online Brokerages
Best Investing Apps
Best Mutual Funds
Best Stocks for Beginners
Best Robo-Advisors
Cheap Stocks to Buy New
Best Cryptocurrency to Buy Now
Next Big Cryptocurrency
Find The Best Bank For You

Retirement
Learn
401k
IRAs
Social Security
Annuities
Savings Advice
Get Started
Best IRA Providers
Best Roth IRA Providers
Best 401k Companies
Best 401k Plans
Retire Early
Best Online Banks
Best Regional Banks
Best Credit Unions
Retirement at Any Age
FIND THE BEST BANK FOR YOU

Credit Cards
Learn
News & Advice
Rewards
Retail
Business
Reviews
Get Started
Best Credit Cards 2023
Best Reward Credit Cards
Best Balance Transfer Credit Cards
Best Cash Back Credit Cards
Critics’ Choice Credit Cards
Best Travel Credit Cards
Best Airline Credit Cards
Check Credit
Raise Credit
Repair Credit
Find The Best Card For You

Live Richer™
Learn
Saving Money
Money
Shopping
Budgeting
Home Tips
Side Gigs
Net Worth
Financial Planning
Taxes
Travel
Get Started
Create a Budget
Tackle Debt
Know Your Net Worth
Find a Side Job
Your Money Champion
Pay off Your Mortgage
Live Richer Podcast
Find The Best Bank For You

Trending
Trending Topics
News & Events
Crypto on the Go
Travel Rich
Filing Taxes
Back to School Finances
GEN Z: The Future of Finances
Small Business Spotlight
Best Banks 2023
Financially Savvy Female
Economy Explained
Top Money Experts
Retirement at Any Age
Year in Review
FIND THE BEST BANK FOR YOU

Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.
TikTok may be a platform that separates the people who use it from the people who remember landlines, but there is no denying its influence over what drives both content and commerce for all ages. Influencers on TikTok can not only make a good deal of money but potentially full careers off the content they create.
Read: Protect Your Financial Future With Gold and Silver
By knowing how TikTok works, you can essentially create your own business through the app. If you think about how many hours you spend on the phone, let alone just the time dedicated to watching TikTok videos, it is a breeding ground for advertising and consumerism. 
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
The TikTok app has been downloaded more than 3 billion times and is estimated to have reached 1.8 billion people by the end of 2022. Needless to say, with the reach it has, there was no other option but to monetize it. 
If you are still wondering whether or not TikTok has a viable business plan or if it is worth advertising on it, here are some factors to consider.
In 2021 alone, TikTok increased its annual revenue by 142% to reach $4.6 billion. By the end of 2022, it had upped that increase to 200% and generated over $11 billion in registered ad revenue.
There is something to be said for a platform that is projected to have been downloaded over 3 billion times. In order to get that many downloads, the extensive reach and sheer user volume that must be considered is almost incomprehensible. It has over 1 billion users and is still growing.
Put your influencer hat on as TikTok can be more than just a fun viewing experience, but also a great side hustle. If you are already using the platform, why not try to make some extra income? TikTok makes its money through ads, but you can make money on TikTok in some of the following ways.
TikTok as a platform is seamless in its marketability. It separates itself from the herd as it uses a unique discovery algorithm that gives every video an equal chance to go viral. This is revolutionary because the popularity of the content creator is no longer the biggest factor.
Because of this, there is rapid growth in both social media presence and advertising revenue. This also leads to advertising and marketing experimentation and evolvement as brand potential is now seemingly unlimited.
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
This may be a long article about short videos, but essentially the TikTok business strategy is that of a marketing strategy. It uses its platform to promote brands, products or services. TikTok employs several marketing tactics including influencer marketing, TikTok advertising and creating organic viral content. 
Information is accurate as of Jan. 20, 2023. 
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
Share This Article:

Get advice on achieving your financial goals and stay up to date on the day’s top financial stories.
By clicking the ‘Subscribe Now’ button, you agree to our Terms of Use and Privacy Policy. You can click on the ‘unsubscribe’ link in the email at anytime.
Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.

Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.

source

brucemeyernet

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *