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Home»Fintech»American Express launches TikTok accelerator for small businesses
Fintech

American Express launches TikTok accelerator for small businesses

November 16, 2022No Comments2 Mins Read
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American Express launches TikTok accelerator for small businesses
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American Specific is partnering with TikTok to assist small enterprise house owners attain a brand new technology of consumers on the viral video platform.

Operating all through the vacation season, the American Specific #ShopSmall Accelerator will embody a proposal for eligible small enterprise house owners to earn a $100 TikTok promoting credit score in return for purchasing $50 in TikTok advertisements. As well as, small enterprise house owners can be given entry to instruments and assets to assume like TikTok creators, together with a tutorial at AmericanExpress.com/ShopSmallAccelerator on how their companies can stand out on the platform.

Way of life creators will train small enterprise house owners the best way to use TikTok as a search engine; leverage sounds, developments, hashtags and communities; and the best way to drive engagement with customers. To assist small companies get found by new audiences, American Specific has additionally partnered with musical artist Chlöe Bailey to create a “Store Small Soundtrack,” which TikTok customers can add to their content material.

Elizabeth Rutledge, chief advertising officer, American Specific, says: “The #ShopSmall Accelerator will assist give small retailers the instruments they should attain the following technology of shoppers on TikTok, the place our Store Small Influence Examine discovered that 67% of Gen Z customers have shopped from a small enterprise that was displayed on their For You Web page.”

Earlier this 12 months NatWest launched a marketing campaign on the video app selling its free Enterprise Builder on-line toolkit, which presents digital and event-based studying modules overlaying issues reminiscent of sustainability, enterprise technique and mindset.

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TikTok’s affect on the Gen Z cohort is properly documented. Latest analysis from the UK’s Present Account Change Service discovered that that 58% of 18 to 14 12 months olds observe TikTok influencers who discuss budgeting, cash, or private finance, with lots of them believing that influencers on the app present higher recommendation than conventional media.

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