TikTok has officially launched “TikTok For Business” offering businesses and retailers a range of marketing tools making the company a direct competitor to Snapchat and Instagram.
The new platform will allows brands to create their own ads and connect with influencers on the app.
TikTok For Business will offer retailers tools to design a range of adverts on the platform, including “TopView” ads which appear when the app is first launched, “Brand Takeovers” which are three to five-second-long video or image adverts, and a new augmented reality (AR) “Brand Scan” functionality.
Launched today, the new “Brand Scan” tool is in direct competition to Snapchat’s “Sponsored Lens” and “Word Lens” advertising formats.
Using this tool, TikTok users will be able to add interactive visual effects from brands into their videos which in result interacts with the physical environment around them.
Additional options include the “In-Feed” videos which can last up to 60 seconds and include sound, “Hashtag Challenges” which encourages users to connect with the user community around a hashtag selected.
This will also include a shopping feature called Hashtag Plus, navigating users to purchase items featured in the advertising campaign.
Although a number of these tools is already available to advertisers, TikTok For Business brings them all together on a new dedicated platform where additional new services can be added over time.
TikTok’s head of Europe global business solutions Stuart Flint said: “We’ve seen more and more brands embrace the unique and creative ways the TikTok community expresses themselves through video.”
“The experience is real, light-hearted and fun, and as we’ve seen over the course of these dynamic times, users and brands have the ability to make a meaningful and positive impact on their communities.”
“We’re excited to officially introduce TikTok for Business and continue building products, services and resources for marketers to engage their communities in a new and innovative way, and show them how TikTok is a creative and valuable marketing platform.”