Brands follow their new-age audience to TikTok videos
Chinese brands have already seen success on TikTok, but home-grown brands yet to test the app’s advertising value.
Flipkart’s campaign featured Amitabh Bachchan, MS Dhoni and Alia Bhatt and has been running under the hashtag next #BigBillionStar, with the winners bagging Realme 3 phones. “We have also partnered with TikTok, to reach out to the new-age audience, through a challenge underpinning user-generated content. So far, the challenge has clocked in over 4.1billion views on the platform,” said Flipkart’s group chief executive Kalyan Krishnamurthy.
Experts tracking the space say that after a two-week ban was lifted by the courts in April, TikTok has been strongly chasing brands and advertising agencies to onboard influencers.
“This year, we are partnering with an array of regional and local influencers and a diverse portfolio of online and offline brands,” said Vikas Gupta, vice-president, marketing at Flipkart. “We plan to reach out to the next 200 million consumers, who we believe will hail from smaller cities and will need easy discovery and they are not just accessible through mainstream media channels anymore,” he added.
Chinese brands like Oppo, Vivo, Club Factory and brands like Pepsico have already seen success on TikTok, but home-grown brands apart from the likes of Myntra and Snapdeal have yet to test the app’s advertising value, says Aditya Gurwara, a marketing expert.
Emerging consumer brands like Dunzo, Bounce, dating app TanTan, social commerce platform Meesho and short-video social network app Vigo have also been advertising on the ByteDance-owned app to reach out to a new set of people.
In India, TikTok claims to have over 120 million monthly active users and throwing trending hashtags as a challenge has emerged as its big money-making tool. TikTok also makes money through what is known as cost per mile, cost per day and cost per click methods. While some hashtags are selected by Tik-Tok, other specific ones are paid for by advertisers.
“These packages are sold for over Rs 50 lakh and trend for three days. The brands get a complimentary, in-app, full-day advertisement along with these packages. TikTok promises 300 million views for the silver package, and 600 million views for gold package,” an expert said. An influencer with 10 million followers charges Rs 80,000-1,20,000 for generating over a million views, while a celebrity charges Rs 2-4 lakh for the same.