François Maingret, an Ecommerce Expert, analyzed data from the PYMNTS report, "Tracking the Digital Payments Takeover: Monetizing Social Media," to shed light on TikTok-Amazon partnership reasoning. The data analyzed comes from a PYMNTS report in collaboration with Amazon Web Services based on a census-balanced survey of 2,976 consumers conducted from May 5 to May 15, 2024.
47% of consumers bought clothes on Instagram, with TikTok close behind at 42%.
TikTok excels in beauty and toy sales, with 33% buying beauty products on TikTok in the last 30 days.
YouTube topped in food and beverage sales, with 40% of users purchasing in that category.
TikTok drives emotionally driven purchases like apparel, ranking highest for such products.
TikTok struggles with rational purchases like appliances, where it ranks lower than other platforms.
YouTube dominates in rational purchases, favored for appliances, home furnishings, and office products.
YouTube's long-form content enables users to see product performance, boosting trust and sales.
TikTok's short videos, up to 10 minutes, are effective in demonstrating beauty products and toys.
Consumers appreciate seeing products in action, which influences their decision-making.
Do you prefer TikTok for emotional buys or YouTube for rational choices?
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