TikTok is a social media anomaly. For starters, it’s been growing like wildfire. GWI reports TikTok has grown its monthly user base by more than 32% since 2020, with more than 150 million current active monthly users.
Additionally, while TikTok started as an entertainment platform, it’s now one of the hottest social selling tools and an outstanding way for brands to penetrate new audiences and capture customers. In the fourth quarter of 2021 alone, TikTok reached $824 million in user spending, and it’s expected to account for 3.5% of all digital advertising spending in the U.S. by 2024.
What’s even more impressive than TikTok’s rapid growth and advertising spend is its pivotal role in creating new influencers. Recent stats show there are already 100,000+ active influencers making money from their TikTok presence.
When you look at TikTok’s unique strengths objectively, it provides a straightforward answer for how the brand can capture a portion of that $824 million in user spending on TikTok. The answer: partner with TikTok creators.
Better yet is to do what brands like Nerf, Olipop, and Jones Road Beauty have done, and that’s hire creators to run their social media accounts. Here’s a closer look at why brands are doing this and why it’s working.