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TikTok, the new millionaire maker of 2020?

by GordonJ
46 replies
Thanks to WF-Enzo for pointing out that TikTok was one of the most downloaded apps of the year.

And they have recently announced they plan to SUPPORT their contributors with a monetization of the platform and the content.

This is about as GROUND floor as it gets for Social Media, albeit, TikTok has had millions of viewers. But next year, a month from now...will we see the new PewDiePie emerge from the short videos of TikTok?

Let's keep an eye on it, and better yet, lets cash in.

Anyone else planning to use TikTok with their IM? (or already are?)

GordonJ
#2020 #maker #millionaire #tiktok
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  • Profile picture of the author Internet Trillionaire
    How are your currently using TikTok with your IM?

    If you are not currently using TikTok, how do you plan to use it next year with your IM?
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  • Profile picture of the author pheonix44
    Do you believe the success of the app is sustainable or that it's something that will come and go?
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    • Profile picture of the author GordonJ
      Originally Posted by pheonix44 View Post

      Do you believe the success of the app is sustainable or that it's something that will come and go?
      Belief? It will either evolve, like YouTube did, or die, like MySpace. One places his bet and takes his chances. Today, it is silly, even stupid and gross. But it is content, and as so many of you Warriors like to yell, Content is King.

      Transitioning the current platform into something useful, and monetizing it, depends on the creative person but the owners would like it to go that direction, and just as YouTube encouraged people long ago, to figure out how to monetize the platform, some marketers will be able to do it.

      The good is: SHORT brief content, doesn't take much time to develop. Could be serialized, branded, and attention getting even viral. Phone. No computer needed.

      The bad is, immature, a distraction for the masses, and as noted, even stupid.

      But if a marketer has a MESSAGE, and wants to get a message out, maybe a well thought out campaign on the platform, we'll have to wait and see.

      So, as someone pointed out, Real Estate is a stable thing, why not do a little 12-15 second video of your OPEN HOUSES for the week, a Realtor has to visit the house and can easily capture a few seconds of video on his cell, post it to the TikTok account, and down the road, people who are out looking for houses, could simply see what is Open near them. They can do that with Google Maps, but the use of the platform

      And whether or not it survives, or grows, or dies off has nothing to do with my opinion, I'm planning on TESTING, something my marketing background has taught me to be a prudent step. So, I'll test it. It will either work for me or it won't, all part of being a marketer I guess.

      GordonJ
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    • Profile picture of the author Md somrat
      yes I believe that
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  • Profile picture of the author George Flm
    I think it will bomb.
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    • Profile picture of the author DABK
      Why?
      Originally Posted by George Flm View Post

      I think it will bomb.
      Real estate?
      Originally Posted by Paleruby View Post

      I don't believe in this fast paced world anything is long term sustainable.


      Paleruby
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  • Profile picture of the author Paleruby
    I don't believe in this fast paced world anything is long term sustainable.


    Paleruby
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  • Profile picture of the author Jason Kanigan
    Might want to wait while US national security checks it out. The US Navy has banned the app from its mobile devices.

    The people I follow are saying its a backdoor for China to access all of your mobile data.


    ...but people who have nothing to lose and have visions of sugarplum riches dancing in their heads don't care about those kinds of things, do they.

    Also, remember Periscope?

    When you've been around awhile, you'll notice there's always the flash-in-the-pan "Darling Of The Moment"...that comes and goes.
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    • Profile picture of the author lauren4u
      Originally Posted by Jason Kanigan View Post

      Might want to wait while US national security checks it out. The US Navy has banned the app from its mobile devices.

      The people I follow are saying its a backdoor for China to access all of your mobile data.


      ...but people who have nothing to lose and have visions of sugarplum riches dancing in their heads don't care about those kinds of things, do they.

      Also, remember Periscope?

      When you've been around awhile, you'll notice there's always the flash-in-the-pan "Darling Of The Moment"...that comes and goes.
      Having experience with apple due diligence in app vetting, I doubt that there is a backdoor.
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  • Profile picture of the author amjadshuvo
    Really It is incredible. All the videos are ridiculous. Very few could realize its enormous success.
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  • Profile picture of the author ChrisBa
    I know Gary vee has been very hot on the TikTok app and telling people to jump on it. I think it really depends on your target audience and niche. Either way it should be interesting.
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    • Profile picture of the author King Manu
      Originally Posted by ChrisBa View Post

      I know Gary vee has been very hot on the TikTok app and telling people to jump on it. I think it really depends on your target audience and niche. Either way it should be interesting.
      Funny you said that because I know about this app from him as well. I heard him mention it about a year ago, while being interviewed by Joel Brown. I found it funny because the interview had nothing to do with apps, and he mentioned Snap and TikTok.

      I'm starting to think he did it on purpose (telling people about this app to jump on it). Maybe the owners paid him big to do this.

      I don't see how this will hold the test of time after the excitement over something new fades, but time will tell.
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  • Profile picture of the author apsaluka
    has not reached Eastern Europe yet
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  • Profile picture of the author writeaway
    Tik tok is just like Youtube.... several years ago

    If you're a short form content creator, TT is the way to go
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  • Profile picture of the author kayolhope
    I been looking at is as brand awareness regardless. I feel people shouldn't underestimate the youth as they do have a lot of power to influence whereas others tend to get too comfortable and too some degree stuck in their ways. If anything testing and trying out new social media platforms helps you evolve and ultimately a better marketer overall. As it was pointed out youth grow up and many events, experiences, and even memes come from things when we were younger. Many of the movies and tv shows are rebooted because we grew up with it and passed it down to our children. Yes, it is basically Vine but TikTok kinda brings that nostalgic feeling back.
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  • Profile picture of the author 1Louis
    If you want to grow on TikTok study all the great profiles from the Vine era.

    Everything that made them stand out, will be what turns the new TikTok influencers into millionaires.

    My advice for anyone starting out:
    - Make quick relatable content with identifiable characteristics (for personal branding)
    - Post lots of content for rising topics/hashtags
    - Try to make direct collaborations with famous TikToks profiles in order to get access to their audiences
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  • Profile picture of the author Kay King
    The Army has now also banned use of TikTok on any govt devices.
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  • Profile picture of the author IGotMine
    Might want to wait while US national security checks it out. The US Navy has banned the app from its mobile devices.
    War makes fortunes. That includes "cold" wars.

    The people I follow are saying its a backdoor for China to access all of your mobile data.
    If you believe your "data" is somehow secure you are naive or deluded.

    But there's something else marketers should know: TikTok is not saturated with advertisers yet. Not only are there few brands on the platform, but the influencer base is also virtually untouched.
    https://www.forbes.com/sites/forbesc.../#6994966e2441
    Remember when FB ads were new?
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  • Profile picture of the author Marian
    yes, for some people it will be a gold mine

    But I guess I won't have so much time for it.

    Marian
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  • Profile picture of the author Jason Clay
    I think it will be a goldmine.
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    • Profile picture of the author DABK
      For who?


      .......................
      Originally Posted by Jason Clay View Post

      I think it will be a goldmine.
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  • Profile picture of the author luciesmazanska
    when it started I was like What!? but now I can see you can use it easily to market your product!
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  • Profile picture of the author innateseo
    I want to say it will die like Vine or Snapchat but it really depends on how the company moves and how the CEO manages.

    That being said I'm not investing, it's not professional enough and the audience reminds me of Vine, which failed and I personally lost money with.
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    • Profile picture of the author aspiringaffiliate
      Originally Posted by innateseo View Post

      I want to say it will die like Vine or Snapchat but it really depends on how the company moves and how the CEO manages.

      That being said I'm not investing, it's not professional enough and the audience reminds me of Vine, which failed and I personally lost money with.
      Can you please inform me how it is the case that Snapchat died?

      https://www.statista.com/statistics/...pchat-app-dau/

      It seems to be trending upwards as far as 'daily active users' are concerned (and at an all-time high, additionally) as of Q3 2019, anyways.
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  • Profile picture of the author writeaway
    It delivered on the promise of Vine
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  • Profile picture of the author Ranksword
    Tiktok has a huge userbase in asian countries, so campaigns targeting them could work.
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  • Profile picture of the author superowid
    IT WON'T WORK UNLESS YOUR TARGET IS ASIAN MARKET.
    And even that... it's not promised.
    Actually it's the way how China bring Asian market moves far away from Western countries.
    Just my stupid opinion BTW.
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  • Profile picture of the author strategic seo services
    Originally Posted by GordonJ View Post

    Thanks to WF-Enzo for pointing out that TikTok was one of the most downloaded apps of the year.

    And they have recently announced they plan to SUPPORT their contributors with a monetization of the platform and the content.

    This is about as GROUND floor as it gets for Social Media, albeit, TikTok has had millions of viewers. But next year, a month from now...will we see the new PewDiePie emerge from the short videos of TikTok?

    Let's keep an eye on it, and better yet, lets cash in.

    Anyone else planning to use TikTok with their IM? (or already are?)

    GordonJ
    I'm sure this platform will see tremendous growth in the future. I read somewhere that at the moment a majority of its users are very young. So, it may not be a good money maker right now for those looking to sell affiliate products. However, in the future, it will most likely be very profitable as the user base expands.
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  • Profile picture of the author Fractoggen
    I think this is an informative tiktok and it is very beneficial and knowledgeable. Therefore, I would like to thank you for the endeavors that you have made in writing.
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  • Profile picture of the author Profit Expert
    Tik Tok with IM ... Quite interesting concept , lets see how it can be implemented
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  • Profile picture of the author DwightSchruteFarms
    As much, as TikTok is an amazing possibility, it makes me extremely sad that people chase this kind of dumb content around :/
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  • Profile picture of the author tiOnitia
    I see that TikTok has been growing its number every day with lots of new users coming in every age. This could be a good opportunity for internet marketers to tap this new audience as long as its in trend.

    However, I personally have not tried it yet.
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  • Profile picture of the author rkahn
    I love the part about cashing in on it. That's what marketers do; they spot a trend, add value to it, make money for the value-addition, and then jump on to the next wagon.

    Few though, myopic in nature, tend to exploit off a trend. They may do so in many ways, but common practice is to try n get more than you give.

    As marketers, I believe, we should be willing to do the opposite.

    TikTok is powerful and I'm afraid I haven't fully explored it yet, but reminders like these set you off in the right direction.
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  • Profile picture of the author jfak7670
    Tik Tok is an easy way to gain fast fame. Simple, funny, stupid content. You spend less time producing your content and therefore gain more views due to the popularity of the app itself.
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    • Profile picture of the author thingstricks
      I totally agree with you. I don't think this app would be sustainable. It's kinda 'this time' app. There are a few apps with the same content AFSIK.
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  • Profile picture of the author StefanP
    I think it has a future in IM !
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  • Profile picture of the author Jouvan Johnson
    I personally don't want to get distracted with yet ANOTHER social media platform, but I am going to have a look to see if I can easily re-purpose my content on there and maybe siphon of some traffic to my site and list maybe!

    I could be a gold mind if you use it right for your goals
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    • Profile picture of the author SantiSantana
      Originally Posted by Jouvan Johnson View Post

      I personally don't want to get distracted with yet ANOTHER social media platform, but I am going to have a look to see if I can easily re-purpose my content on there and maybe siphon of some traffic to my site and list maybe!

      I could be a gold mind if you use it right for your goals
      if nothing else, try reporposing content for it because as of today it still has 100% reach like facebook at the beginning ( but long ago no longer anywhere near)

      All the notes I have taken this week point to it being a way to reach a lot, build an audience and move that audience to another platform better suited to you, be it your website, a youtube channel, an instagram account or whatever your medium will be.

      I'm fairly sure 100% will not last forever so best get goin gon it fast before they close the tap like facebook did long ago in terms of reach..
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  • Profile picture of the author MarkSeoExpert
    The majority of tiktok users are between 16 and 24 years old, what I know for sure is that those who are really making a lot of money are the fashion influencers...
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  • Profile picture of the author TobiMDD
    I think using tik tok only makes sense when you are marketing to young people..
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  • Profile picture of the author Stephen Crooks
    TikTok, unlike YouTube and FB is geared 100% toward millennials. It is here to stay, I am sure of that and at this point it will interesting to see how a 15 second wacky video clip can be monetised but one things for sure, it will.

    Maybe every 10 clips, a short ad will be shown which cant be skipped. That's what I believe will happen. If your market is millenials it will be worth getting in from the ground up.
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  • Profile picture of the author ninaholm05
    I am already using this app
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  • Profile picture of the author wisecoach
    Yes it may be because visibility on tiktok is now better than even youtube. This is great for branding as well as money making...However, still many guys are suspicious about this. If you post same video on youtube and tiktok, you will get more view on tiktok
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  • Profile picture of the author venibbs
    Time will tell
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  • Profile picture of the author Randall Magwood
    My ex-girlfriend watches TikTok everyday, addictively. She even has her own favorite uploaders. She has a son who is "TikTok famous". My only question is how would they profit from it? But some folks direct their fans to their Patreon profiles for monetization. If TikTok does offer donations or some form of monetization for uploaders, it could be a huge money maker for some people.
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