TikTok Shop Early Advantage
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Shaan proposes capitalizing on TikTok Shop's early-stage affiliate program, which is currently experiencing a "golden era" similar to early Facebook ads or early Bitcoin. The platform allows anyone to be an affiliate for products without needing direct relationships with companies.
Key Points:
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Platform Features:
- Anyone can be an affiliate for eligible products
- No direct relationship with companies needed
- Creators make commission on sales through their videos
- Platform shows transparent sales data and performance metrics
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Current Advantages:
- Low advertising costs
- Limited saturation
- High platform motivation to promote products
- Customers not yet jaded by product promotions
- High conversion rates
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TikTok Support:
- Platform subsidizes certain products
- Example: $60 products sold for $30, with TikTok covering the difference
- Subsidies range from 30-50% of product cost
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Strategy Opportunities:
- Monitor top-selling products
- Study successful price points
- Create competing products based on market data
- Target product categories showing success
- Use transparent sales data to inform product decisions
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Success Example:
- Shadow Work Journal became #1 book globally
- Sold 500,000+ copies through TikTok Shop
- Additional 500,000+ through Amazon
- Achieved in 2-3 month timeframe
46:09 - 49:33
Full video: 49:58SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.