Curated from: economist.com
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According to The Economist, TikTok's impact on social media has been massive, but it has also led to its rivals rethinking their ad serving model.
Regardless, here are four ways you can learn and take advantage of TikTok's impact on social media.
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Become an early adopter to new features on social media platforms
Every time a new feature is released, it's subsequently followed with back-end adjustments that push the feature to the public.
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Video ads are still far less competitive than static ads.
Video ads are better leveraged by large businesses, but small businesses still create the majority of ads, and they still predominantly create static ads.
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Users are already adopting AI to produce large amounts of content over a short period of time. Leverage AI to produce video content to take advantage of low competition on video ads.
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But convert the users on Meta and Twitter.
Meta and Twitter have large amounts of data they have already accumulated from their users. On the other hand, TikTok hasn't managed to accumulate similar amounts of data yet.
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IDEAS CURATED BY
CURATOR'S NOTE
TikTok has impacted user behaviour in many ways, some of which we are aware of (increased video consumption, for instance) and some of which we may not be aware of. In the ideas, I demonstrate how TikTok's effect on other social media platforms presents opportunities for the advertiser.
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