The latest Music Affect Report by TikTok and Luminate simply dropped.
There are some attention-grabbing stats about music followers on TikTok, plus the artists whose tracks performs properly on the platform.
Let’s take a more in-depth look.
1. Music discovery is very large on TikTok
In accordance with the report:
U.S. TikTok customers are 74% extra more likely to uncover and share new music on social and short-form video platforms than the typical short-form video consumer.
That’s a powerful distinction between US customers of TikTok versus customers of different social video platforms.
However bear in mind, even essentially the most lively on-platform engagement isn’t proof of off-platform fandom.
In a world of algorithmic suggestion, passive consumption, fixed feeds, simple (forgettable) sharing, and surface-level engagement, the phrase “discovery” isn’t very particular.
You need greater than impressions, views, likes, and shares. You need followers who will observe you music for all times. So what are you doing on social to construct your electronic mail record and increase gross sales?
2. TikTok drives off-platform outcomes
US music followers on TikTok are 68% extra more likely to pay for streaming than the final inhabitants. Additionally they spend 46% more cash on music per thirty days.
One other spectacular determine? TikTok’s Add to Music App function has generated a couple of billion observe saves since final yr.
This too is encouraging, however bear in mind: TikTok’s definition of “off-platform” means the consumer is leaving one app for an additional (Spotify, Apple Music, and many others.)
What are you doing to get your viewers off these platforms and into venues, onto YOUR web site, YOUR electronic mail record, YOUR retailer?
3. Viral & chart success are correlated
In accordance with the report:
84% of all songs that entered the Billboard World 200 this yr ‘went viral’ (i.e. had a interval of excessive engagement) on TikTok beforehand.
You may interpret this just a few methods….
- Songs poised for chart success are sometimes supported by groups. Who place tracks which have potential for viral momentum. Previous to launch. By way of professional influencer campaigns.
- Or maybe TikTok capabilities like radio did. Offering repeat publicity to a hook till we love the observe.
These are simply three of the factors I discovered most attention-grabbing. There are much more stats, insights, and particular case research within the full report.
Concurrently this information suggests customers on TikTok lean in additional after they interact with music, different information reveals the app has misplaced floor to Instagram, Fb, and YouTube Shorts over the previous yr (partially on account of uncertainty round TikTok’s future within the USA).
Which serves as an excellent reminder: Traits come and go, and your followers on social platforms are rented audiences. Do what you possibly can to co-own that relationship instantly along with your fan.