MARKET.live’s Official TikTok Shop Partner Designation Underlines Building New and Expanded Business Relationships
Los Alamitos, Calif. and Las Vegas, March 27, 2024 (Globe Newswire) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB'' or the “Company''), the force behind MARKET.live, Popular MARKET.live, the livestream social shopping platform, has announced that it has entered into a formal partnership with TikTok Shop, following its formal designation as a TikTok Shop Partner (TSP). Under the terms of the partnership, TikTok Shop will bring consumer brands, retailers, influencers, and affiliates to Market.live, including assistance with onboarding to TikTok, establishing their TikTok store, hosting training sessions, and more. We provide a menu of paid services. TikTok Shop maintenance including webinars for potential TikTok Shop sellers, studio space rentals at both the West Coast and East Coast MARKET.live studios, content creation and production services, and enhancements to existing TikTok Shop seller stores. etc. The partnership also explores sponsored studio rentals for TikTok Shop and paid “day passes” for use of MARKET.live studio services by TikTok creators, influencers and affiliates. MARKET.live generates revenue through fees, including monthly recurring fees, paid directly to MARKET.live by brands, retailers, influencers, and affiliates introduced to MARKET.live by TikTok. Additionally, MARKET.live may receive a portion of the monthly revenue generated through the TikTok store that MARKET.live has established for brands, retailers, influencers, and affiliates that TikTok Shop calls MARKET.live. It is being
The partnership also explores using MARKET.live studios as TikTok's “sample center,” giving TikTok creators access to product samples for use in TikTok Shop videos produced in MARKET.live studios. In addition to the compensation described above, TikTok will compensate MARKET.live directly for the achievement of certain pre-established performance goals and goals agreed upon between the parties.
This formal partnership highlights our shared commitment to enriching the livestream shopping experience on the TikTok platform. As TSP partners, MARKET.live and TikTok recognize the transformative potential of livestream shopping in today's digital environment and share a vision to expand and enhance e-commerce capabilities. TikTok leverages MARKET.live's expertise in this vital role as a TSP partner where MARKET.live provides guidance and support to brands, vendors, and creators seeking to use the TikTok Shop. Market.live helps these sellers avoid the complexities of setting up, content creation, and live streaming on a TikTok shop through a selection of comprehensive pricing packages that include shop operations, performance marketing, affiliate management, live stream production, and content creation. We help you navigate the space and empower your brand. And creators can thrive in the dynamic world of livestream shopping.
The parties are planning a series of co-hosted events similar to the Miami Music Week event hosted by MARKET.live for TikTok brands and influencers last week in Miami on March 21, 2024. Building on this momentum, MARKET.live and TikTok will co-host an exclusive event to announce their partnership on April 25, 2024. Attendance is by invitation only and limited to brands, creators, affiliates, industry executives, and other invited guests. The event promises to showcase the latest trends in livestream shopping and foster meaningful connections within the industry. If you are interested, please request an invitation using this link.
“It's very clear that the future of livestream shopping in the U.S. and MARKET.live will be an important part of that future,” said VERB CEO Rory J. Cutaia. “This is a great business relationship that we have had with TikTok, and despite the fact that expectations are now quite high, our team will work hard to exceed all expectations. We are working on it.”
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About verbs
Verb Technology Company, Inc. (NASDAQ: VERB) is a market leader in interactive video-based sales applications. The company's MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination at the forefront of the convergence of e-commerce and entertainment, featuring hundreds of retailers, brands, creators and influencers. , you can monetize your worldwide fan and follower base. social media channels. Brands, retailers, and creators who join MARKET.live can simultaneously broadcast livestream shopping events on numerous social media channels, including TikTok, in addition to MARKET.live, reaching exponentially larger audiences. can. Creators and entrepreneurs who participate in MARKET.live's Dropship Program and His TikTok Affiliate Program can earn money by selling products from the popular His MARKET.live retail store. The company is headquartered in Las Vegas, Nevada and operates creator studios in Los Alamitos, California and Philadelphia, Pennsylvania.
Follow VERB AND MARKET.LIVE here:
VERB on Facebook: https://www.facebook.com/market.liveofficial
TikTok's VERB: https://www.tiktok.com/@market.live_official
VERB's Instagram: https://www.instagram.com/market.liveofficial/
VERB on LinkedIn: https://www.linkedin.com/company/verb-tech/
VERB on YouTube: https://www.youtube.com/@market.liveofficial
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