Authorization

TikTok influencers break down how they make money

Hi! Welcome to the Insider Advertising daily for August 10. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at ljohnson@businessinsider.com
A quick reminder that nominations for our upcoming list of marketing-tech executives are due by Friday.
Today's news: How TikTok influencers make money, AT&T's marketing cuts, and Amazon slashes marketing spend.

TikTok influencers break down how they make money
Fanjoy



TikTok influencers reveal how they're making money in 2020 despite the app's paltry monetization features





Dan Whateley, Amanda Perelli, and Sydney Bradley looked at seven ways that TikTok influencers make money off of the short-form video app including brand deals, merchandising, and paid song integrations.




Influencers like Tyler Bott, known as TyBott, has 2.5 million followers and charges $25 per video message sent through video-sharing app Cameo.




Influencers can also earn money from affiliate marketing programs with commission rates that range between 1% and 20%.




Read the full story here.



TikTok influencers break down how they make money
John Lamparski / Stringer



The third-largest advertiser in the US just laid off a chunk of its consumer marketing team





Tanya Dua reported that AT&T recently laid off 54 New York-based employees in its consumer marketing division. The company said that the layoffs are part of an effort to focus on growth areas and address lower demand for legacy products.




The marketing cuts come as AT&T embarks on a multi-year strategy to cut as much as $6 billion in costs under new CEO John Stankey.




AT&T's marketing department was recently reorganized where the consumer marketing team that was just cut was consolidated with the corporate brand team.




Read the full story here.



TikTok influencers break down how they make money
c


Amazon's record profits last quarter would've been impossible without an accounting change and a huge spending cut. That raises questions about future earnings growth.





Eugene Kim reported that Amazon saved nearly $2.6 billion in net profits last quarter by cutting its marketing spend and through a previously announced estimate change for its server costs.




In a call with analysts, Amazon's CFO Brian Olsavsky said that the company cut its marketing spend by "about a third" in the quarter to focus on its supply chain that has taken a hit during COVID-19. The cuts are equivalent to a $2.1 billion dip in marketing spend that Amazon would have normally spent during the quarter.




Amazon's growth in higher-margin businesses like advertising and cloud helped offset a dip in retail profitability during the second-quarter.



Read the full story here.



More stories we're reading:








PayPal parts with top advertising executive after shifting its marketing strategy during the pandemic (Business Insider)






Tencent and its hyper-popular messaging app WeChat have become Trump's latest target. Here's how the company became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters. (Business Insider)
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2021    »
ПнВтСрЧтПтСбВс
 123
45678910
11121314151617
18192021222324
25262728293031