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TikTok Goes Retail
From:
Richard Gottlieb -- Toy Industry Expert Richard Gottlieb -- Toy Industry Expert
For Immediate Release:
Dateline: New York, NY
Friday, September 15, 2023

 

Amazon showed us how a digital platform could outsell most of the bricks-and-mortar world. We will determine if TikTok, a short-form video hosting service, can do the same. Here is how a New York Times article, “TikTok Popularizes Products. Can It Sell Them, Too?“ describes the launch of the new selling platform:

“TikTok this week is rolling out TikTok Shop for all users in the United States. The company will expand the rollout of a Shop button on the app’s home screen, which sends people to a marketplace, and drive traffic to videos that contain Shop buttons for specific products. Both enable users to buy products in a few clicks without leaving the app.”

“TikTok Popularizes Products. Can It Sell Them, Too, Sapna Maheshwari

The article points out that TikTok already has signed up 200,000 sellers and 100,000 creators. Have you signed up? If not, here is a link to the signup page.

I have to confess that I watch TikTok. In fact, I watch TikTok a lot. I find the sheer variety of videos, one coming after another, some good, some execrable, to be endlessly fascinating. Other people do as well.

TikTok is reported to have 150 million U.S. users. For comparison, Amazon has 230 million. Globally, it’s a different story. Amazon has 310 million users, and TikTok has 1.68 billion.

TikTok has invested a lot of money into TikTok Shop, so they have to make it a winner. In short, They need you to win so they can win. That tells me it is an excellent time to sign up.

Richard Gottlieb

Global Toy Experts / Global Toy News

646 675 3019

richard@globaltoyexperts.com

 

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Dateline: New York, NY United States
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