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Posted On: 03/27/2024 9:57:22 PM
Post# of 33150
In January, TikTok annouced they will be increasing commission fees from 2% to 8%. That puts some meat back on the bone for VERB to get a cut.
This Year, TikTok Shop Is Hiking Its US Seller Fees From 2% to 8%
TikTok Shop's fees used to be 2% plus $0.30 per sale, but will soon rise to 8% per transaction for "most items."
https://tech.co/news/tiktok-shop-hiking-us-seller-fees
This will take place in July
To me, this is a numbers game. All VERB needs is 1% commission on a large GMV. If it's 2%, 3%, etc. all the better.
This Year, TikTok Shop Is Hiking Its US Seller Fees From 2% to 8%
TikTok Shop's fees used to be 2% plus $0.30 per sale, but will soon rise to 8% per transaction for "most items."
https://tech.co/news/tiktok-shop-hiking-us-seller-fees
This will take place in July
To me, this is a numbers game. All VERB needs is 1% commission on a large GMV. If it's 2%, 3%, etc. all the better.
Quote:
That's all changed pretty quickly, and the rapid success of TikTok Shop is likely the reason why: The app has already earned $10 billion , putting it on track to be the most profitable app ever. The current champion, Candy Crush, has lifetime earnings of $12 billion.
As of last month, customers were spending $11 million on TikTok every day . That's a great audience. Ultimately, however, your success on the app will depend on how well you can capture a paying userbase niche through a series of viral looping videos. That's not for everyone!
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