How Marketers Are Preparing for A Potential TikTok Ban


Welcome to HubSpot Marketing News! Tap in for campaign deep dives, the latest marketing industry news, and tried-and-true insights from HubSpot’s media team.

A potential TikTok ban is looming in the U.S.

After the app has been banned on government devices and some college campuses, the Biden Administration threatened a nationwide ban if ByteDance, the China-based company that owns TikTok, doesn’t sell its stakes in the platform.

If the app does get banned, it could have major repercussions for marketers who have invested heavily in the platform over the last three years.

Though overall social ad spend is trending downward due to economic uncertainty, TikTok saw a 20% increase in ad spend during the first three quarters of 2022 with some agencies reporting that 25% of their social spend is dedicated to TikTok ads alone.

While many companies are continuing to invest ad dollars in more established platforms, TikTok has untapped potential to reach new audiences that aren’t on other platforms. In January 2023 TikTok reached 850 million global users, though 40% of TikTok users aren’t on Facebook, and 63% aren’t on Twitter.

Some agencies and brands are pulling back their TikTok advertising spend to see how things shake out, while others are continuing to invest to continue getting reach on the platform while they still can.

In the meantime, TikTok is trying to ease the concerns of advertisers to keep the ad dollars rolling in.

It’s worth noting that advertising reach isn’t the only concern marketers have when it comes to a TikTok ban.

The app has been fruitful for organic marketing plays and viral moments, both of which could be limited if marketers are relying solely on platforms such as Instagram and Facebook, which limit organic reach to an account’s followers.

Marketing Snippets

The latest marketing news and strategy insights.

LinkedIn just launched its first podcast academy to connect podcast hosts to programming and coaching opportunities.

Most popular types of content: the seven pieces of content your audience really wants to see per new data from the HubSpot Blog.

YouTube just released its 2023 priorities which are centered around supporting creators, leveraging AI, and fostering community.

TikTok recently introduced a third feed dedicated to STEM content.

The FTC is probing major social media platforms for more information on how they handle misleading ads.

AI stats: 20 data points about artificial intelligence marketers need to know in 2023.





Source link

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We Know You Better!
Subscribe To Our Newsletter
Be the first to get latest updates and
exclusive content straight to your email inbox.
Yes, I want to receive updates
No Thanks!

Subscribe to our newsletter

Sign-up to get the latest marketing tips straight to your inbox.
SUBSCRIBE!
Give it a try, you can unsubscribe anytime.
Exit mobile version