TikTok’s Post

Really proud to share the U.S. Economic Impact Report we launched today in collaboration with Oxford Economics. This report demonstrates that TikTok is a true game changer for small businesses and the significant impact it has on the US Economy. Have a read and LMK what you think. https://lnkd.in/gAk8dDEJ

How TikTok Turned My Struggling Startup into a Thriving Business! 🚀 In 2023, Oxford Economics collaborated with TikTok to analyze its economic influence across America, revealing its substantial contributions to the GDP and job creation. But beyond the numbers, there’s a personal story - mine. Two years ago, I embarked on a small business journey, initially struggling with visibility and sales. The first year was challenging, but my pivot to TikTok for advertising in the second year marked a turning point. Here’s what happened: • Rapid Community Growth: Leveraging TikTok, I cultivated a community of over 72,000 followers, transforming my brand into a trusted advisor for securing higher-paying jobs. • Increased Sales: From uncertainty to making 5+ sales daily, I now enjoy a steady income of $450+ per day. • Daily Connections: Every day, people reach out for my services, allowing me to impact lives positively and continuously grow my business. • Passion and Growth: This journey has reaffirmed my love for what I do. TikTok has been instrumental in expanding my reach and enhancing my business’s growth daily. TikTok has become an integral part of America’s economic infrastructure, especially for SMBs like mine. It’s more than a platform; it’s a community builder, a brand shaper, and a growth accelerator. Have you leveraged TikTok or other social platforms for business growth? I’d love to hear your stories. 🔄 Feel free to share your experiences or this post with your network.

TikTok Shop's Impact: By the Numbers - 224,000 jobs were supported by SMBs (small & midsized businesses) using TikTok as a platform to grow and expand their business - US small and midsized businesses (SMBs) that marketed or advertised on TikTok generated nearly $15 billion in revenue in 2023 - $24.2 billion contribution to the US gross domestic product (GDP) in 2023 - SMBs who used TikTok as an advertising and marketing platform supported a total of $5.3 billion in taxes to the US government in 2023 - TikTok’s US operations themselves supported an additional $8.5 billion contribution to the GDP, $2 billion in taxes, and 59,000 jobs across the US economy in 2023. So if you haven't already started planning your strategy around social commerce, these numbers urge you to do so ;) #TikTokShop

Everyone has an opinion on banning TikTok. What we do know is that it’s a social & commerce force! 💨 In just 5 years they’ve grown into Gen Z’s platform of choice (measured by engagment & time on platform). A few stats from this report Blake Chandlee shared: ◾️ 70m active users in US (7M+ are businesses) ◾️ Platform forecasted to have added ~$15B in the form of advertising for SMBs (Small & Medium Sized Businesses) ◾️89% of SMBs say TikTok allows them to connect w/customers they can’t reach anywhere else - I personally see this in my conversations w/businesses & creators and in my feed - SMBs and Creators would incur significantly higher costs if using other platforms for reach A view here is not binary. Various sides need to be unpacked: end users by age, businesses/creators/brands, and government - then frameworks can be build for future responsible use. #futureofretail #ecommerce #creators #smb #socailcommerce #platforms #tiktok

Facing a potential ban, TikTok released a report highlighting its surprising impact on the US economy. Here's a data breakdown to make you think… ⬇️ (Follow us for more TikTok-related news!) 💡 Here's a data breakdown to make you think. Thanks, Krystle Watler, for sharing this report: 1. Big Boost for Small Biz: A platform just 5 years old injected $14.7 billion into American small businesses (SMBs) in 2023 alone. 2. Job Machine: The economic impact translates directly to employment. 224,000 jobs across the US were supported by TikTok in 2023. That significantly contributes to the workforce, particularly in key states like California, Texas, Florida, New York, and Illinois. 3. More Than Money: The benefits go beyond the bottom line. Over 80% of surveyed businesses reported a positive impact from TikTok beyond just sales. This includes valuable customer feedback, significant audience growth, and even developing new products inspired by user engagement. 4. Tax Time Powerhouse: The economic impact extends to government coffers too. SMBs utilizing TikTok contributed $5.3 billion in US tax revenue last year. The future of TikTok hangs in the balance. With such a significant economic impact, will these numbers sway the decision? Only time will tell if these numbers influence the decision to implement a potential TikTok ban. 💬 What are your thoughts? #tiktok #tiktokads #advertising #tiktokforbusiness

Small and medium businesses are thriving on TikTok, and their success on the platform has a great impact for everyone: SMB's use of TikTok supported 224,000 jobs in the U.S in 2023, and their presence on the platform helped them drive $14.7B in revenue through advertising. Discover how small and medium businesses across the US are leveraging TikTok's social and economic opportunities, driving growth, revenue and employment with our first-ever TikTok US Economic Impact Report 👉 https://bit.ly/3TO072I

Hello everyone! I love TikTok❤️ In my opinion, it's the coolest social network out there, and I'm not just talking from a user's perspective. Its algorithms work incredibly well, and TikTok has fundamentally changed user behavior and influenced other social networks (Hello👋, Instagram Reels, YouTube Shorts, and the upcoming video format on LinkedIn). I still can't believe TikTok might be blocked in the USA, but posts that demonstrate its importance to the American economy make me think twice about how serious the situation could be 🤯  The figures in the report are impressive. We see TikTok's focus on SMBs, their development, and earnings. In a way, TikTok almost acts like a government entity by helping businesses thrive and creating new jobs. Let's keep an eye on this situation. Let's be inspired by TikTok, using it not just for entertainment but also for business promotion💪 ✌️P.S. I conduct highly informative TikTok consultations that can help develop your business, even for B2B. No matter how much B2B might resist, you'll be there too! :) #TikTok #SocialMedia #BusinessGrowth #SMB

I continue to be amazed by the power of TikTok! 💪🏽Our platform is driving significant impact through economic growth, creating opportunities for entrepreneurs, and fostering innovation within local communities. #tiktok Explore the full report and learn more here 👉 tiktokeconomicimpact.com.

TikTok drove $15B in revenue for US small businesses in 2023. TikTok is a major driver of the economy at both state and national levels. Over 7 million US businesses across the country rely on TikTok’s platform — and their success is our success. Learn more in our recently released Economic Impact report👉tiktokeconomicimpact.com

I believe the current sanctions on TikTok by the US are a normal regulatory measure aimed at social media platforms. Compared to China's regulatory efforts on social media platforms, the frequency is not very high, and it tends to abide by legal procedures. While the business environment may face short-term impacts, in the long run, the US is unlikely to forsake the economic benefits and values associated with TikTok. Overall, the intention is to correct rather than completely ban.