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2024 Consumer Trends (Tiktok)
š° Everything we learned in 2024
Happy Sunday Boys
Every week I come here to share with you guys the things Iām doing and what my business is going through in the hopes of teaching you something.
Just to realize the more I write the more I learn.
I hope all 10,589 of you are ready to dominate the new year, I couldnāt be any happier with all the positive feedback and relationships Iāve been able to build through this newsletter so thank you!
As youāre reading this Iām at my weekly basketball runs splashing 3s from half-court or getting fouled as I drive to the paint.
Thatās beside the point!!
My second podcast of 2023 was just published
I exposed drop shippers, criticized marketing agencies, and revealed some strategies behind growing our brands to their current success.
If any of that interests you check it out
If you want to pay for my lunch this week, simply click on the Motion ad below! It won't cost you anything, but I'll earn $2 for each click.š¤
TikTokās 2024 Learnings + Predictions
2024 is coming to an end and if youāre anything like me you're searching the internet for the best reports and data from year-end surveys and analytics tools.
The New Consumer Report is one of my favorites
Luckily for us this year Tiktok was a big topic so we get some extra insights.
Let's break down some of the biggest learnings they gathered + my predictions from amassing over 500m+ views through our brands.
We all know at this point Tiktok has made it clear that they are attempting to go from social media to social media commerce and compete with the likes of Amazon.
Looking at the chart below you can see that theyāre well on track to do that and more.
Before 2023 the biggest platforms by advertising spend were META & Google.
Meta is a place for people to socialize not shop - users log in for non-commerce-related activities and end up impulse buying occasionally
Google is the ultimate search engine, when buyers want to discover something new or make a purchase they go to Google but itās not a place to āsocializeā
Until...Tiktok came.
TikTok quickly became a social + search platform because it combined the best of both worlds where it allows people to find entertainment, and discover new products.
An experience that has yet to be duplicated.
The results are clear. Tiktok shop has become the preferred platform for Gen Z's to shop in less than 6 months. (THE FUTURE)
Over the last week, I have consulted with over 5 7-figure brand owners, specifically when it comes to growing TikTok shop as a sales channel.
One of the biggest questions I always get is, "What type of content works best?"
For NZT, we started with product demos and then transitioned into storytelling and conspiracy videos. Eventually, we moved on to faceless AI content and dominated it.
However, we were outperformed by other products youāll see below.
So the answer to the question in regards to what should your TikTok strategy be going into 2024
Product Demos: Showcase your product's features and benefits through a step-by-step demonstration, highlighting how it can be used or how it solves a problem.
Unboxing + Shipping Videos: Show the excitement of unboxing and shipping your product. Focus on providing a genuine reaction to build anticipation and interest
Before and After Transformations: whether it's related to beauty, fitness, home decor, or anything else. Show the transformative effects of your product by presenting "before" and "after" visuals,
Debunks and Q&As: These are great for addressing common customer questions and concerns about your product &, providing a detailed and organic way to build trust and credibility.
And if you havenāt started selling on Titok shop you should, we are so early!
I can go on this topic forever but Iām sure youāve gotten the point.
TikTok Shop is disrupting the way we shop and interact with brands and if youāre not making it a priority in your business you should.
To end off, hereās a short list of predictions where I see opportunity on the platform going into 2024
Live Shopping makes a run in 2024
TikTok Shop market share becomes a problem for Amazon
Content SEO becomes powerful again via TIktok
Hashtag ranking reignites
Check out the New Consumer report and reply back to me with your biggest takeaways.
The problem: your team isnāt shipping enough winning creative to scale ad accounts.
The solution: get your team to master the art and science of creative strategy with Thumbstop.
Every Sunday, youāll learn how to bridge the gap between media buying and creative, helping you ship more winning TikTok, Facebook, and YouTube ads.
Youāll learn:
ā”ļø The Art: creativity cheat codes, trending ad formats backed by Motion data, and how to build creative performance teams the right way.
š¬ The Science: analytical skills that make marketers 10X more valuable, tales of scale & experimentation, and advanced creative analysis techniques.
Tweet Of The Week:
5 TikTok shop videos that made $200K+ in 28 Days
1. $429,040
ā Michael Sanchez š TikTok (@michaelgrowth)
6:04 PM ā¢ Dec 5, 2023
How Can I Help?
Whenever youāre ready, here are few ways for us to work together:
Work with me 1 on 1 and get all the help you need here.
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