TikTok is the latest social network to captivate and entertain people worldwide, and its meteoric rise is still in motion. So how can you use TikTok to drive revenue for your eCommerce site and improve your TikTok ads conversion rate to maximize every click?
The rise of TikTok has sparked a debate among business owners: should we invest more in TikTok ads or Facebook ads?
Facebook may still have the most monthly active users, but TikTok has established a growing foothold in North America and Gen Z. On iOS alone, TikTok has approximately 29.7 million daily active users and is one of the most downloaded entertainment apps in the Apple App Store.
However, many organizations still struggle to optimize their ads for the new platform. In addition, the nature of TikTok and what its users appreciate is unique to other platforms, so many of the old techniques don’t directly transfer over.
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Before diving into the best practices, it’s vital to consider what a reasonable conversion rate goal might be for your industry. Looking at overall averages and industry comparisons helps you understand what an ideal conversion rate (CVR) actually is.
The average conversion rate for TikTok ads is 1.1%. However, that statistic includes every industry — from high-value real estate conversions to low-cost health and beauty sales.
Understanding TikTok ad benchmarks relevant to your industry is essential to setting goals and measuring the success of your efforts.
We’ve designed Varos to give you real-time benchmarks for specific platforms relevant to your industry, not the overall average.
Below, you can see how TikTok ad conversion rates compare against your peers. You can use this information to set realistic goals while gauging your campaigns' success.
TikTok is a unique platform compared to the entrenched competitors' many organizations are used to. As a result, some of the same techniques will work, but others won’t.
We’re ready to explore TikTok CVR best practices now that you have an accurate benchmark to gauge results.
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User Generated Content (UGC) is at the heart of TikTok, perhaps even more so than other social networks.
The organic posts a user sees while scrolling TikTok are made by average people using the platform’s built-in editor. Highly polished and professionally edited ads will stick out like a sore thumb in the worst way.
Instead, create ads that mimic the types of content users are accustomed to. A great way to do this is to ask existing customers to create videos about your products, which can be reviews, demos, or unboxings.
You can then run ad campaigns with videos and TikTok-style editing to highlight their main points. As a result, you’ll earn more clicks while also educating potential customers about your product.
TikTok allows you to include a clickable CTA in your ads, typically a button right at the bottom of the ad. Put this option to work to improve your CTR for TikTok ads and guide users directly to the next step.
A few impactful ways to use the CTA button are:
You can also experiment with other relevant CTAs for your business, industry, and products. Some of your CTAs used on other social media platforms may also be effective; keep the CTAs relevant and enticing.
Fast music and voice overs are at the core of plenty of posts that go viral organically. Use these same tactics in your ads to move well beyond the average TikTok CPM, generate clicks, and ultimately improve your conversion rate.
Using specific trending music might not always be feasible due to licensing restrictions, but upbeat tracks at or above 120 BPM tend to work well. Make sure the music matches the overall focus of the ad itself.
The music helps with engagement and builds energy, but the voiceover (with captions) helps make the sale. Demonstrate what makes your product stand out among the competition, how it solves the given pain point, and how the user can buy it.
Combine this with UCG-style ads, and you’ll effectively qualify clicks ready to make a purchase at your eCommerce site.
Storytelling has been used in marketing for decades, and TikTok is no exception. Looking once again at viral user posts, you can see how storytelling is a common theme in many of them.
For paid ads, an effective storytelling strategy follows the ‘problem to solution’ format:
However, you want to avoid the pitfalls of dated infomercials that use this format. Make it realistic, use real customers when possible, and keep it engaging.
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One of the early pitfalls of TikTok was its reliance on audio. This reliance is problematic for those hard of hearing, along with others using the platform on mute, which is common when in public.
Adding captions accommodates everyone while also further emphasizing the message. Hearing the voiceover is one thing, but seeing the same message in text drives the point home.
Captions and other text can go a long way in enriching the core message of your ad. The better your messaging, the better your conversion rate.
You pay for every click, so you want people who click on your CTA to understand your product or service accurately. Captions help you convey more information and drive home the information in the voiceover.
The ads themselves play a significant role in your TikTok conversion rate. However, how you run those ads is also essential and worth exploring. So let’s discuss a general strategy for running your ads:
You can undoubtedly use similar strategies you’ve used with other social media platforms. However, TikTok’s unique algorithm can be used to your advantage with this unconventional yet effective strategy.
Improving your TikTok ads conversion rate relies on having accurate benchmarks to gauge the success or failure of your campaigns.
Additionally, real-time competitor benchmarks allow you to understand if your results are affected by overall industry trends rather than something specific to your efforts.
Varos is a unique platform designed to give you the entire story behind your results. As a result, you won’t need to evaluate your campaigns in a vacuum anymore, instead using results from your peers.
Below, you can see how Varos shows several important KPIs about your TikTok ads to enable data-driven decisions.
Is it time to get the entire context behind your TikTok conversion rate? Sign up with Varos or book a demo today to begin.
About the Author
Yarden Shaked
Co-founder & CEO at Varos
Learn how to beat out your competition on TikTok. We've analyzed thousands of TikTok ads accounts and discovered what the best are doing.
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Bottom line: I’m recommending Varos to you all because it’s FREE (for now) and it’s already added a ton of value for myself and my clients.Check it out 👇
I would definitely recommend checking out Varos. With Varos you can easily see how your peers are performing, for free. You get insights into not only TikTok Ads benchmarks, but also similar data for Facebook Ads, Google Ads, and more. #VarosAmbassador
Varos allows thousands merchants to upload anonymize marketing data across meta and google and aggregating it to show what the average is across different categories and ad spend
With varos.com, I can see exactly how our performance across channels stacks up against our competitors in our space.
Compare your ad performance to benchmarks of companies just like yours, anonymously.
I would've killed for this tool years ago and now it's here and oh it's free. Amazing.
I've been seeing some content about @Varos_com so we decided to check it out.
One underrated feature of theirs is the Shopify Benchmarking, which is FREE btw.
Literally impossible to access this data anywhere else. Check out what we're seeing at @my_obvi 👇
I'm loving what @Varos_com is doing with providing much more relevant benchmarks for #ecommerce... especially since it shows that we are absolutely DOMINATING @Elumynt on #facebookads!
This is in the Baby and Children vertical.#fbads #ppcchat #retail #dtc
Bottom line: I’m recommending Varos to you all because it’s FREE (for now) and it’s already added a ton of value for myself and my clients.Check it out 👇
I would definitely recommend checking out Varos. With Varos you can easily see how your peers are performing, for free. You get insights into not only TikTok Ads benchmarks, but also similar data for Facebook Ads, Google Ads, and more. #VarosAmbassador
Varos allows thousands merchants to upload anonymize marketing data across meta and google and aggregating it to show what the average is across different categories and ad spend
With varos.com, I can see exactly how our performance across channels stacks up against our competitors in our space.
Compare your ad performance to benchmarks of companies just like yours, anonymously.
I would've killed for this tool years ago and now it's here and oh it's free. Amazing.
I've been seeing some content about @Varos_com so we decided to check it out.
One underrated feature of theirs is the Shopify Benchmarking, which is FREE btw.
Literally impossible to access this data anywhere else. Check out what we're seeing at @my_obvi 👇
I'm loving what @Varos_com is doing with providing much more relevant benchmarks for #ecommerce... especially since it shows that we are absolutely DOMINATING @Elumynt on #facebookads!
This is in the Baby and Children vertical.#fbads #ppcchat #retail #dtc
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