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How Sellers Making £50,000 / Month From TikTok Shops, How You can get Started

How Sellers Making £50,000 / Month From TikTok Shops, How You Can Get Started?

If you've been selling on platforms like eBay and Amazon for years, you may have heard how competitive these marketplaces have become. Many people might think you were lucky to get started 11 years ago. However, there's a new platform that's creating a buzz and offering incredible opportunities for sellers: TikTok Shops.

If you’re sleeping on TikTok Shops, you’re making a huge mistake. For anyone looking to become a full-time seller, this is an enormous opportunity. In this article, I'll explain the underlying psychology of how TikTok Shops work, and how you can jump on this opportunity right now to become a full-time seller. Let’s dive in.

The Potential of TikTok Shops

To showcase the immense potential of TikTok Shops, let's delve into a concrete example. A simple search for "viral TikTok products 2023" returns 33.1 million views, even though we're just a couple of months into the year. The top video from this search has accumulated 1.1 million views.

This video shows a basic, yet engaging, demonstration of a product. The TikToker simply adds water, plugs it in, and voilà, it works. By examining the TikToker's profile, we see they have similar videos featuring the same product, and they provide a link to a website selling the product for about €50.

Let's do some basic calculations. Assuming a worst-case scenario, if only 1% of the 1 million viewers purchase the product, that amounts to 10,000 buyers. If each sale yields a profit of £5, that equals £50,000 from just one short video. Even at a 0.5% conversion rate, they would still make £25,000.

This massive potential is why TikTok Shops are working so well in 2023. To understand this better, let’s go old school with an analogy.

Old-School Sales Tactics Meet Modern Technology

We've all seen salespeople giving live demonstrations at local shopping malls or markets. These demos attract a small crowd, and out of 10-15 people watching, one might decide to buy the product. Attention is key here, much like how TikTok commands the attention of millions of users each day.

Compare this to annoying sales approaches, like being approached in a mall to switch broadband or buy insurance. Most people try to avoid these interruptions. Traditional advertising is similar; people often click "skip ad" to continue watching their chosen content.

However, TikTok seamlessly integrates advertisements into its content, making them feel less intrusive. People browse TikTok out of boredom, often ending up buying products they didn’t know they needed. This is why TikTok Shops hold massive potential in disrupting the e-commerce game.

How You Can Get Started on TikTok Shops

There are two main ways to make money selling on TikTok:

  1. Affiliate Marketing

    • With no initial investment, you can become an affiliate for suppliers. Create short, engaging video clips (10-15 seconds) without even showing your face. Use TikTok’s built-in music and voice features to present the product, much like in the example video mentioned earlier.

  2. Drop Shipping

    • This method involves setting up a TikTok shop, sourcing cheap products from eBay, and listing them on TikTok. When an order comes in, you purchase the item from eBay and have it shipped directly to your TikTok customer. This approach utilizes the massive attention economy of TikTok and the low-cost products available on eBay.

Additionally, you can check out a detailed guide on setting up a TikTok shop. Once you’re ready, start leveraging TikTok's organic reach for massive profits.

Keywords

  • TikTok Shops
  • E-commerce opportunity
  • Affiliate marketing
  • Drop shipping
  • Viral products
  • Attention economy

FAQs

Q: What are TikTok Shops? A: TikTok Shops are an online marketplace integrated within the TikTok platform, allowing users to buy and sell products directly through the app.

Q: How do I start selling on TikTok Shops? A: You can start by either becoming an affiliate marketer or setting up a TikTok shop and utilizing drop shipping methods. You’ll need engaging videos to capture audience attention.

Q: What is the earning potential on TikTok Shops? A: The earning potential is significant. A single viral video can lead to sales worth tens of thousands of pounds. For example, a product demonstration video with 1 million views could potentially earn you £50,000.

Q: Is an initial investment required? A: If you opt for affiliate marketing, no initial investment is required. For drop shipping, you'll need to invest in setting up your shop and sourcing products.

Q: How can I make my TikTok videos engaging? A: Focus on creating short, visually appealing videos that highlight the key features of your product. Use TikTok’s built-in music and voiceover features to enhance the video.

By following these steps and strategies, you can tap into the massive potential of TikTok Shops and possibly turn it into a full-time income source. Happy selling!

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