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The Business of Fashion Podcast

The Secrets to Sustained Success on TikTok

The Business of Fashion Podcast

The Business of Fashion

Fashion & Beauty, Business, Arts

4.6770 Ratings

🗓️ 10 June 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

At the BoF Professional Summit, viral TikTok creators Nic Kaufmann and Wisdom Kaye explained what drives success on the platform, while communications executive Christopher Bugg and talent agent Pranav Mandavia discussed the critical elements of a compelling TikTok strategy for brands.Background:

 

TikTok has become one of the world’s largest and buzziest social media platforms, with over a billion active monthly users. But while fashion brands are eager to experiment with the platform, they’re still figuring out what strategies work best to effectively engage creators like Nic Kaufmann and Wisdom Kaye, who took the stage at last month’s BoF Professional Summit alongside Christopher Bugg, communication director of Prada Group and Pranav Mandavia, a talent agent from United Talent Agency and BoF senior editorial associate Alexandra Mondalek. 

 

Successful campaigns on TikTok tend to cast a wide net, allowing creators to do what they want with a hashtag or product. Both Kaye and Kaufmann underscored the need for brands to relinquish creative control to creators to yield the best results. For creators, “the key to sustained viral success as a creator is “differentiation [of your content], as well as being a multifaceted creative,” according to Kaye.

 

“What defines success on TikTok is the requirement for authenticity,” Kaufmann said, explaining how his best videos — that is, those that have attracted the most viewers — are the result of brand collaborations in which he was given a wide berth to style, produce and direct his content, free of interference. 

 

Meanwhile, for brands, “understanding that TikTok creators are multi-hyphenates” is the key to getting the best out of partnerships,” according to Mandavia.

 

“When a brand partners with a TikTok creator, they need to remember that they’re essentially hiring a cameraman, a stylist, a model, all in one — we cover every single aspect of that,” said Kaye, a content creator with over eight million followers, who has partnered with brands such as Dior, Zegna and Fendi. 

 

Key Insights:

  • Between them, viral content creators Nic Kaufmann and Wisdom Kaye have a collective 26 million followers on TikTok and have partnered with brands such as Dior, Prada, Ralph Lauren and Hugo Boss. 
  • For brands, relinquishing creative control to creators will yield authentic content and drive organic engagement, as seen with Prada’s bucket hat challenge.
  • Brands looking to partner with talent on the platform must understand that TikTok creators are multi-hyphenates — their roles encompass styling, modelling and production.

 

Additional Resources:

 

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Transcript

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0:00.0

Hi, this is Imran Ahmed founder and CEO of the business of fashion.

0:06.4

Welcome to the BOF podcast. It's Friday, June 10th.

0:10.6

TikTok is one of the fastest growing social media networks in history, with more than one billion monthly active users.

0:18.4

However, in fashion, some brands have struggled with how to use TikTok, even as the

0:23.0

platform has grown to rival Snapchat and Instagram for young consumers' attention. And judging by some of the

0:29.6

comments and questions we have received on Instagram, many of you are skeptical of TikTok too.

0:35.7

Does it take real talent to be a TikTok creator? And how can brands

0:40.0

effectively partner with creators to achieve their business goals? This week's episode features two

0:45.3

conversations from the B.O.F Professional Summit and should help to answer these questions.

0:50.7

First, to truly get to grips with TikTok and how it works, I spoke to two of the platform's top creators, Nick Kaufman and Wisdom K, to pull back the curtain on what truly drives success on the platform.

1:03.2

With a collective 26 million TikTok followers between them, and tie-ups with brands such as Dior, Prada, Ralph Lauren, and Hugo Boss, Nick and

1:12.5

Wisdom are real experts on what it takes to succeed on TikTok.

1:17.8

So, you know, as I mentioned in my intro, there's a bit of skepticism about people like you.

1:26.1

I actually remember, I can kind of relate,

1:29.3

because back in 2005, when we're at the kind of beginning of Web 2,

1:33.3

I started writing a blog called The Business of Fashion.

1:36.3

And people were skeptical of bloggers back then too.

1:40.3

And now we talk about influencers or creators.

1:43.3

But essentially, there's a long history now of almost 20 years of people discovering and building audiences and communities on the internet using tools like a blog in my case or like TikTok in your case to really connect with people all over the world.

2:00.2

And so to start with, maybe you could just

2:02.7

first tell us a little bit about your personal stories of how you became TikTok creators. Wisdom,

2:10.1

why don't we start with you? Oh, sure. It really happened during college. I was just going to school

...

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