39_European_Business_Magazine_Autumn_2020

Page 66

The Clock is Tik Toking:

Why the use of apps like Tik Tok are necessary in modern business

S

ince its launch in September 2016, Tik Tok has taken the globe by storm. Its simplistic core concept of allowing users to update their profile by making a 15 second video supported by various music clips has become such a popular feature that it is now the most downloaded app in the world that isn’t Facebook owned. While this idea is based on entertaining the individual, it is businesses that are seeing the need to take advantage of such a trend in the modern market so that they can achieve long term success Based purely on metrics, its shows that over 1.5 billion people worldwide

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are active users of the application, with the majority of these being in the 18-34 market demographic. This group made up of ‘millennial’ and ‘gen z’ consumers is the largest and the main sector pertaining to growth across all markets, with their main objective being to constantly reinvent, improve and adapt what they use and how they live. This market is the vital component of any business strategy as they are always open to brand switching, lacking loyalty and o en needing no acquisi on costs, meaning that if a company is serious about reaching this audience then Tik Tok is a prime place to achieve this.

A key factor of this is that they are ‘active’ users, and therefore constantly aware of what they see as the app provides an immersive experience that o en provides heavy resonance through the personally selected content. The core components of video and audio in the app means any user is forced to dedicate themselves to purely focusing on what they watch, giving brands the perfect opportunity to portray a message they wish to deliver direct to a possible consumer, who takes it in and fully considers the presenta on as with the full horizontal posi oning used there is no room for other distrac ons.


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Articles inside

Ai In Banking Hype Or Revolu on

12min
pages 98-104

Why Now Is The Time To Tokenize The World

4min
pages 96-97

How To Build Up Partnerships - Remotely

24min
pages 89-95

Lessons In Leadership From The Best In The Business Lloyd Salmons, Co-Founder, Peptalk

21min
pages 80-85

European Business Talks With With Nick Morley

11min
pages 72-75

How The Union Is S fl ing Economic Development And Why Europe Will Never Flourish Under The Eu

7min
pages 78-79

Leveling The Field: How The Rule Of Law And A Free Press Are Crucial In Interna onal Business

10min
pages 86-88

Substack: Independent Wri ng Has Never Been So Easy

4min
pages 70-71

The Storming Cbd Market In Europe

7min
pages 68-69

The Clock Is Tik Toking Why The Use Of Apps Like Tik Tok Are Necessary In Modern Business

6min
pages 66-67

How Joe Biden Will Aff ect European Business

13min
pages 62-65

Unlocking The Power Of Data-Driven Linear Tv For Business Success

4min
pages 60-61

Morocco: A New Genera on Of Civil Servants Paving The Way For Industry 2.0

13min
pages 52-57

Would Uk Businesses Gain In Eu Reloca on

3min
pages 58-59

European Business Magazine Talks To Lamia Tazi

9min
pages 49-51

European Business Talks Exclusively To Mr Mohammed Benchaaboun

14min
pages 44-48

Morocco Bridging The Gap

5min
pages 42-43

Morocco s Moment: Supply Chains Reimagined

4min
pages 40-41

Morocco Building Back Be er

7min
pages 38-39

Latest News

32min
pages 11-21

Leadership In An Uncertain World: Why C-Levels Need To Con nually Ques on

14min
pages 32-35

Portugal Fintech: Capital Raising Of Startups Increased To €276M

3min
pages 28-29

Blockchain: Its Rela onship With Cryptocurrency And Beyond

6min
pages 22-23

Global Debt At Risk Of “Qualita ve Change

5min
pages 30-31

Relentless Cyber Threats Calls For Omnipresent Protec on

5min
pages 26-27

Why Is Big Data So Important

6min
pages 24-25

Covid 19 And The European Pharma Industry

7min
pages 36-37
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