Image Credits: TikTok
TikTok announced today that itâ€™s launching a new ad product called â€œBranded Missionâ€ that will allow creators to connect with brands and possibly receive rewards for videos. With the new ad product, advertisers can crowdsource content from creators and turn top-performing videos into ads. Advertisers can launch branded campaigns and encourage creators to take part in them. Brands can develop a brief and release it to the creator community encouraging them to participate in Branded Missions.
Creators can then decide in which Branded Missions they want to participate. All creators who are at least 18 years old and have at least 1,000 followers are eligible to participate in a Branded Mission. TikTok says eligible creators whose videos are selected by brands will â€œbenefit from a cash payment and boosted traffic.â€ On each Branded Mission page, creators will be able to view how much money they have the potential to earn if their video is selected.
Branded Mission is now in beta testing and available to brands in more than a dozen markets. TikTok says the new ad product will be available in additional markets later this year.
The company says this new form of two-way engagement between brands and creators allows the TikTok community to have a creative hand in the ads that are part of a brand campaign. TikTok notes that itâ€™s always looking for creative ways to support creators and help brands reach users on its platforms with relevant content.
â€œCreators are at the center of creativity, culture and entertainment on TikTok,â€ the company said in a blog post. â€œWith Branded Mission, weâ€™re excited to bring even more creators into the branded content ecosystem and explore ways to reward emerging and established creators.â€
TikTok and brands already leverage creators for ads on the platform, but the new Branded Mission ad product will give creators, especially newer ones, a new way to partner with brands and grow their audiences.
Todayâ€™s announcement comes as TikTok recently introduced a new way to lure advertisers to its platform by giving them the ability to showcase their brandsâ€™ content next to the best videos on TikTok. TikTok launched TikTok Pulse, which is a new contextual advertising solution that ensures brandsâ€™ ads are placed next to the top 4% of all videos on TikTok. Notably, the solution is also the first ad product that involves a revenue share with creators. Creators and publishers with at least 100,000 followers on TikTok will be eligible for the revenue share program during the initial stage of the TikTok Pulse program.
TikTok has also been looking for ways to help brands better reach users on its platform. Last month, theÂ company launchedÂ a newÂ Creative Agency Partnerships (CAP) UniversityÂ program that is designed to help creative agencies become â€œTikTok experts.â€ The five-week program teaches enrollees what they need to know about getting started on TikTok and how to use the platform to up their marketing game.