The NEW Way to Run TikTok Ads in 2024 (2024)

The NEW Way to Run TikTok Ads in 2024 (2)

A Practical Guide to Boosting Your Sales

The NEW Way to Run TikTok Ads in 2024 (3)
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Welcome to today's deep dive into the world of TikTok advertising! For those who have been scratching their heads trying to figure out the secret sauce behind generating major revenue with TikTok ads, this is the right place to be. Using the approach described in this article, over $74K revenue was achieved just this month. Not bad, right? So let's talk sales, net profits, margins, and how to replicate that success for your own store.

The Starting Line: Making Sense of Profits and Losses

Let's rewind a bit. On the day this article was written, sales hit the $700 mark. Sounds pretty good, but what did it look like after shipping costs and ad expenses? There was a $2K profit that day with a satisfying 28% profit margin. Now, that's just a single day's work. Zoom out to the entire month of September, and the store brought in two thousand orders and $74K in revenue. After all the necessary deductions, $22K net profit sat in the bank. And that was only over eleven days!

The NEW Way to Run TikTok Ads in 2024 (5)

But enough about one store's success. You likely came here to learn how to achieve similar results for your own business, which is what this article aims to share. Let's pretend there's a brand new store that just started, with two orders so far today totaling $64 in revenue. It's ripe for the scaling strategy that will now be unveiled.

Setting Up Your TikTok Ad Campaign

First, in the TikTok ads manager, a campaign is created and labeled "CBO Scale." Campaign Budget Optimization (CBO) is enabled and the daily budget is set to $100. Website conversions are the optimization goal.

For targeting, parameters like country, age, and gender should match the product. No interest targeting is used here in order to cast a wide net.

The campaign is scheduled strategically, from 8 AM to midnight, when the target audience is most active on the platform.

The NEW Way to Run TikTok Ads in 2024 (6)

The ad group names are kept simple, like "Open 1." Only the TikTok placement is selected to keep the focus narrow. Comments, downloading, and sharing are disabled.

The NEW Way to Run TikTok Ads in 2024 (7)

Only videos that were profitable during initial testing should be used in the ads. The next step is replicating this ad group four times to have five pristine groups ready to launch at midnight.

Day Two: The Art of Doubling Down

Fast forward to 2 PM the next day, and revenue has already hit $229 with six orders. For every three sales, the strategy is to double the daily budget. So in this case, the budget went from $100 to $250. With another three orders showing continued profitability, it's time to increase to $500. This pattern can potentially lead to hitting $1000 in revenue that day.

By 8 PM, $650 in total ad spend fuels the push towards the typical $2000 budget ceiling. At this point, TikTok tracked 41 purchases but actual records showed 44, totaling $1700 in sales. After costs, $588 in net profit remained, a solid 33% margin.

Scaling Factor: Multiplying CBO Campaigns

The key to major scaling lies in running multiple CBO campaigns simultaneously. This example started with just one, but why not two, three, ten? That's the ticket to rapidly multiplying daily revenue potential.

Pro tip: Keep ads active around the clock. Reset each CBO to $100 daily budget at midnight, then repeat the doubling strategy for every three new sales.

Join Anstrex and Level Up Your TikTok Ads Game

To dive deeper, join Anstrex TikTok Spy Tool to find thousands of successful e-commerce ad campaigns. Learn from the pros and achieve TikTok advertising success in no time.

The bottom line: What starts small today can snowball into an avalanche of sales tomorrow. Keep learning, keep testing, keep optimizing, and keep reaching for the next big TikTok ad achievement.

Here's to your next triumph with TikTok ads!

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The NEW Way to Run TikTok Ads in 2024 (2024)

FAQs

The NEW Way to Run TikTok Ads in 2024? ›

That's why we're excited to announce the launch of the Search Ads Toggle, a new feature on TikTok Ads Manager that allows brands to serve ads in TikTok search results. The Search Ads Toggle leverages advertisers' existing In-Feed Ad creative to serve ads alongside organic search results from relevant user queries.

How to use TikTok for business 2024? ›

To successfully market your brand on TikTok, consider following these five essential steps:
  1. Define your brand's personality and target audience. ...
  2. Create captivating and shareable content. ...
  3. Utilize hashtags and trends strategically. ...
  4. Engage with your audience and build a community. ...
  5. Track performance and adapt Your strategy.
Jan 17, 2024

What is the new TikTok ad feature? ›

That's why we're excited to announce the launch of the Search Ads Toggle, a new feature on TikTok Ads Manager that allows brands to serve ads in TikTok search results. The Search Ads Toggle leverages advertisers' existing In-Feed Ad creative to serve ads alongside organic search results from relevant user queries.

What are the alternatives to TikTok ads? ›

Top 10 Alternatives to TikTok Ads Recently Reviewed By G2 Community
  • Criteo Commerce Growth. (240)3.7 out of 5.
  • Marin Software. (452)3.8 out of 5.
  • AdRoll. (600)4.0 out of 5.
  • Yahoo AdTech DSP. (178)3.6 out of 5.
  • Facebook for Business. (1,355)4.2 out of 5.
  • Celtra. (392)4.4 out of 5.
  • Skai. (294)4.0 out of 5.
  • Google Marketing Platform.

How do I make my TikTok ad successful? ›

How to create your first TikTok ad in 8 steps
  1. Step 1: Make sure you have a business account. ...
  2. Step 2: Turn on TikTok integration for your Shopify store. ...
  3. Step 3: Open the TikTok Ads Manager. ...
  4. Step 4: Set your advertising goal. ...
  5. Step 5: Select your audience. ...
  6. Step 6: Set your budget and schedule. ...
  7. Step 7: Create your ad.
Jun 12, 2023

How much do ads on TikTok cost? ›

The average CPM on TikTok is $9.16 (as of November 2023). TikTok advertising prices start at $0.50 CPM and $0.02 cost per click. A minimum budget of $500 is required to spend on a campaign, with a minimum daily budget of $50 at the campaign level and a minimum of $20 per day at the ad group level.

What are the disadvantages of TikTok for business? ›

However, it also comes with limitations such as a younger user base, short attention spans, limited analytics, and brand safety concerns. Before incorporating TikTok into your marketing strategy, carefully consider your target audience, content capabilities, and alignment with your brand values.

How much does TikTok pay per 1,000 views? ›

According to reports from top influencers, TikTok pays around $0.02 and $0.04 for every 1,000 views. These are reports based on payments received through the TikTok Creator Fund. This is a program that TikTok introduced in 2021 in a bid to compensate content creators for creating content on the platform.

Are TikTok ads worth it? ›

The answer to this question is yes, advertising on TikTok is worth it for small and large businesses alike for a range of different reasons. Reasons why advertising on TikTok is worth it for small businesses include, but are not limited to: It helps you target specific demographics. TikTok tends to be more engaging.

What is the minimum budget for TikTok ads? ›

TikTok Ad Costs

Minimum Spend: TikTok requires a $500 minimum ad spend, with a minimum campaign level daily budget of $50, a minimum AdGroup level daily budget of $20.

What is the next big thing after TikTok? ›

With an over 1 billion users as of 2021, Instagram Reels have become a household name in the new age of social media. Here are three reasons why Instagram Reels is a great alternative to TikTok: First off, Instagram Reels has an algorithm all its own, and it's getting smarter every day.

Who is TikTok's biggest competitor? ›

TikTok's Competitors in the Social Media and Short Video-Sharing Industry:
  • Facebook: Offers video-sharing features through Facebook Watch and Stories. ...
  • Instagram: Features short-form video content through Instagram Stories and Reels. ...
  • Snapchat: ...
  • Twitter:
Jan 29, 2024

What is the best TikTok ad maker? ›

PowerDirector 365 Business is our top pick for a TikTok ad editor. It has thousands of effects, monthly updates, and advanced features, making it perfect for TikTok marketers and influencers. This TikTok ad maker features 25,000+ customizable video and photo templates for social media and TikTok.

How many TikTok ads should i run? ›

On ANY tiktok ad campaign, you always have 3 to 5 different ads running on it all sharing the budget. Tiktok will pick the best performing one. Run these ads for $50 for about 2 to 5 days. On the 5th day, you'll typically find they're dying.

How do I monetize my TikTok ads? ›

How to Monetize TikTok
  1. Design in-feed ads using the TikTok ads manager. ...
  2. Join the TikTok Creator Next program. ...
  3. Participate in the TikTok Creator Fund. ...
  4. Create videos that drive sales. ...
  5. Use your videos to collect gifts and tips. ...
  6. Discover partnerships in the TikTok Creator Marketplace. ...
  7. Add affiliate links to your profile.
Feb 3, 2022

How do I get more sales on TikTok ads? ›

How to drive traffic from TikTok
  1. Set up Shopify access. If you want to sell merchandise on TikTok, setting up your Shopify access is vital. ...
  2. Invest in TikTok ads. ...
  3. Partner with TikTok influencers. ...
  4. Take advantage of popular hashtags and trends. ...
  5. Engage your audience.

How do I use TikTok for business purpose? ›

How to use TikTok for business
  1. Step 1: Get a TikTok Business Account. ...
  2. Step 2: Create a winning TikTok strategy. ...
  3. Step 3: Optimize your TikTok profile. ...
  4. Step 4: Create content that people will want to watch. ...
  5. Step 5: Master the art of SEO. ...
  6. Step 6: Post at the right time. ...
  7. Step 7: Engage your audience and grow your following.

How do you qualify for TikTok for business? ›

TikTok currently requires a social security number for business verification purposes to support anti-money laundering screening. This is currently required for all businesses accepting transactions through TikTok's native checkout.

How do people use TikTok for business? ›

You can promote your small business on TikTok by posting great quality content regularly, engaging with your audience, using popular hashtags and TikTok sounds, and working with influential creators.

How do I set up TikTok for my business? ›

To switch your account type:
  1. In the TikTok app, tap Profile at the bottom.
  2. Tap the Menu ☰ button at the top, then select Settings and privacy.
  3. Tap Account.
  4. Tap Switch to Business Account, then follow the instructions provided to switch your account type.

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