Are Small-Business Owners Interested in Selling Through TikTok?
Key Takeaways
- More than 9 in 10 small-business owners are interested in selling their products through TikTok.
- 59% of small-business owners plan to spend more on e-commerce and TikTok SEO in 2023.
It didn’t take long — TikTok is entering the e-commerce space. Recent job listings indicate that the massively popular social media platform is making investments to rival others like Meta, in which e-commerce has become immensely profitable.
However, this leaves one question: Are small-business owners interested in selling through TikTok? To find out, we asked 500 entrepreneurs about where they stand on selling through this increasingly popular app.
Perhaps unsurprisingly, virtually every respondent (98%, to be exact) said they were interested in selling their products on TikTok. It makes sense, as 80% said they planned on spending more money on e-commerce, and 76% said they were planning to spend more on TikTok SEO in 2023. Fifty-nine percent said they planned to invest more in both.
But how do small-business owners feel about TikTok’s ability to rival major e-commerce platforms like Amazon? More than three-quarters of respondents (76%) said they believe TikTok will surpass the online shopping giant. And with TikTok entering the e-commerce space, it will certainly become a search engine for retail as well; 75% said they feel TikTok will actually surpass Google in this area.
Will TikTok Take Over?
In general, it seems that small-business owners are placing their bets on TikTok. Whether the platform will rival Amazon and Google remains to be seen, but it definitely has a future in the e-commerce world. TikTok is arguably the most popular social media platform at the moment, so there’s no question that it’ll continue to expand in the years to come.
Methodology
Clarify Capital surveyed 500 small-business owners about TikTok’s entrance into e-commerce.
About Clarify Capital
Clarify Capital offers low-interest loans to thousands of small businesses ready to take things to the next level. Your success is our primary goal.
Fair Use Statement
If you’re a TikTok-loving small-business owner and enjoyed our study, you’re more than welcome to share it. We only ask that you link back to the findings and that your purposes are noncommercial.