An introduction to Tiktok Ads

October 27, 2021

What is TikTok?

Tiktok is a short-form video-sharing social media platform where users share various lip-sync, comedy, dance, and other videos, which are 15-60 seconds long. 

Key Statistics - 2021

TikTok Statistics - 2021

Tiktok is the 7th most used social network globally, and it keeps on growing every year! Tiktok can help your business reach millions of users worldwide. Are you wondering how to run TikTok ads and make the most out of your budget? This ultimate guide will answer all your questions step by step!

How to create a Tiktok ads account?

Creating Tiktok for business account

  • Go to the Sign-up page and fill in the email, password and verification code information. Then click agree to terms and conditions and click on Sign Up. 

TikTok - Create an Account for business

  • On the following page enter your Country/Region, Business Name, Industry, Phone number, Time Zone & Currency. Done - your TikTok for business account has been made. 

Creating the campaign

  • In Tiktok ads manager, you will have to fill in your business information and company website. 
  • Click on campaign in the navigation bar and click on create.

TikTok - Creating a Campaign

  • Select the Simplified or Custom mode and switch between the two anytime!
  • Select the Campaign objective, i.e. your aim for the campaign such as traffic, app installation or the new Lead Generation feature.

TikTok - Selecting Campaign Objectve

  • Give your campaign a name and set a budget
  • For the next step, give your ad group a name, and choose the promotion type (website vs app). You can then select the placement manually or select automatic placement for the Tiktok algorithm to give you the best results. You can read more about it here. 
  • Following that select the creative, target audience (custom, lookalike, retargeting, etc), budget, schedule and optimising options similar to other platforms. 
  • Finally, you create your ad! In this section, you select the ad name, format, creative, display name, call to action text and link!.
  • You can then preview your advertisement and Publish it.

How much do TikTok ads cost?

Tiktok ads Budget

The minimum budget is 50 GBP at the campaign level and 20 GBP at the ad level daily. You can change your budget anytime.

Tiktok ads bidding

Bidding indicates the amount you are willing to pay for the users to take action (set in your campaign objective and call to action) after they have seen your ad. 

Tiktok provides four different bidding methods:

  • Cost per Mille/Thousand Impressions (CPM)

The price you are willing to pay for a thousand impressions. This focuses on getting the most exposure and reach within your budget. 

  • Optimised Cost per Mille/Thousand Impressions (oCPM)

The price you are willing to pay for a thousand impressions that are likely to become a lead or take a conversion action. 

  • Cost per Thousand Views (CPV)

The cost you are willing to pay for per one thousand 6-second or 2-second video views.

  • Cost per Click (CPC)

The price you are willing to pay for each click. The system will then deliver your ads to users who are most likely to click within your set budget. 

You can read more about TikTok lead generation here and Get Started Free with Driftrock here!

Driftrock helps you capture, track and convert more leads. Learn more and experience Driftrock today.

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