It’s just 2 years, TikTok (a video-sharing app) has witnessed fierce growth. It was unbelievable to predict this growth in this short duration. Now, its net worth is more than $75 billion and it is downloaded by nearly 1 billion people globally. You know that YouTube is the most popular app worldwide. Despite this, the TikTok app has gained more popularity. The main reason behind this is the concept of short videos that is less than 15 seconds. Previously, it was known as Musical.ly and named TikTok once ByteDance owned it.
It was launched in 2016 and available in 150 countries. It holds the sixth position in terms of having a wide user base worldwide. It has 2 billion downloads in the Play Store and 33 million downloads in the App Store. The statistics report shows that there are more than 800 million active users and was widely used by youngsters between the age of 16 and 24.
The success of the short-duration video sharing apps is apparent. And so, the race to launch the TikTok clone app has started. As this industry is profitable, do not miss out on the opportunity. Moreover, many entrepreneurs hurry to make a profit by investing in developing video sharing apps like TikTok to make a profit and end up losing due to the low-quality app. It is better to set foot into this industry with prior knowledge about the app development process. Read this article to get insightful information about the same.
Key steps to focus on while making the TikTok clone app
Find your target audience’s preference
First, you should know which region to launch your app. Also, find your target audience and their interests. TikTok did a good job in analyzing the target audience. The age group of their targeted audience is between 16 and 24. Because, it is obvious that young age users are not patient enough to spend more time on lengthy content. It is the idea behind the short video sharing apps. Once you have a better understanding of your target audience, it is easy to come up with a successful business.
Know the cost of Developing the video-sharing app
Secondly, you have to set a budget for app development. This solely relies on several factors like UI/UX design, feature-set integration, time limit, and much more. If you plan to start a business with a limited budget, frame your business plan accordingly.
Choose a Method of App Development
Instead of hiring an in-house team for app development, approach a company that offers clone app development services. TikTok clone solution is easily modifiable according to the business needs. This method is time-conserving and budget-friendly. It would be better to prefer the clone app solution for app development.
Decide which features to include in your app
It plays a vital role in determining the success of your app. Here is a list of the important features of the video-sharing app.
- Edit profile
- Video editing
- Video sharing
- Likes and comments
- Filters and effects
- Live streaming
So, when it comes to the technical side of the app, there is a technology stack behind it. Make sure you use the current technology for app development.
How to Generate money from a Video Sharing App like TikTok?
The three major sources of income for TikTok are as follows.
When an app has caught many viewers, this revenue model is effective. There is more opportunity for other businesses such as fashion, fitness, and young artists to promote their brands in the video-sharing app. In this way, you can earn income from the app.
As this app has several features, you charge the users for using the special features. So, users avail those special features by having a premium membership.
TikTok started EduTok, a program in which the collaborated influencers offer online courses in the video-sharing app. They cater a paid membership to those influencers. This helps to gain potential customers. Similar to this, you can allow influencers to cater online courses in your app.
Thus, this is an excellent opportunity for entrepreneurs to start a new business by investing in the short video sharing app. The TikTok clone script is a widely chosen app solution for initiating a business. This has numerous benefits like customizable, scalable, white-label, robust, pocket-friendly, and time-conserving so on.