How TikTok and Spotify could win through location-based marketing
There are many opportunities for apps and businesses to collaborate on co-branded experiences tied to brick-and-mortar locations. TikTok, the video creation app, is looking to monetize its popularity, and for good reason: since its founding in 2018, TikTok has achieved one billion downloads . It was reported recently that TikTok is testing sponsored ads that direct users to advertiser’s websites. This development is not surprising because TikTok has already been doing this kind of advertising in China, where the app is known as Douyin. As TikTok seeks to grow, I think it’s worth considering whether location-based services could be part of the company’s future – a path that streaming app Spotify is exploring already. But as we know from apps such as Snapchat and Pokémon GO, there are plenty more opportunities for apps and businesses to collaborate on co-branded experiences tied to brick-and-mortar locations. This is where there is real fun to be...