The world we do business in today is anything but mundane. Global markets increase competition and opportunities. Social media plays an increasingly important, and sometimes confusing, role in marketing any product or service. All of which is exacerbated by the uncertainty of doing business in these historic times.
Although not new on the scene, video marketing is a proven, impactful part of any effective marketing strategy. Perfect for activating clients and consumers in our overloaded world, video marketing builds upon short (as in 90-second) bursts of compelling, visually engaging, and easy-to-understand content that is perfectly suited for today’s audience. A bonus of video marketing is the number of creative forms it can take for your business:
- Explainer videos
- Product presentations
- Vlogs (video blogs)
- Video tutorials
- Customer testimonials or interviews.
The Numbers Tell the Story
Businesses in every sector are beginning to understand video marketing’s power, with 85 percent using video marketing as one of their primary tools (up from only about 60 percent in 2017). Some other numbers that are worth noting:
- 60 percent of consumers prefer online videos to television
- 83 percent of consumers prefer YouTube as the platform of choice for watching video content, making YouTube the second most popular website after Google
- 59 percent of C-Suite executives say they would rather watch a video than read a document
- 75 percent of all video plays take place on a phone or mobile device
- 92 percent of users who watch video on their phone or mobile device will share it with their friends.
Here are some persuasive reasons you want to look to video marketing as part of your long-term strategy to grow your client base and bring your business to the next level.
Your Landing Page Loves Video Marketing
Investing in video marketing is a powerful tool for converting a looker into a buyer, especially if you embed the video on your website’s landing page. The bottom line is that buyers are increasingly looking for information about your product or service before calling or visiting your store. Studies have shown that placing a video on your landing page can increase organic search traffic by over 150 percent and increase overall traffic by 300 percent. Are you concerned about the searchability of your website among the clutter of competitors? A website that includes video as over 50 percent better chance of reaching Google’s front page than a website without video.
Your Conversion Rate Loves Video Marketing
Given that 85 percent of consumers want to see more video content from their favorite stores and brands, it is not surprising that video marketing is a powerful tool to convert lookers into buyers. Conversion rates go up by as much as 34 percent for websites that have marketing videos somewhere in their structure, and almost twice that if the video is placed strategically on the landing page.
Your Return-on-Investment (ROI) Loves Video Marketing
Despite the slightly higher cost of production, video marketing is well worth the investment. Professional marketers consistently report that video marketing is the type of content that produces the highest ROI of any marketing content, including email. Video helps potential customers get a better sense of the products or services you are selling, and given the high “shareability” of video materials, you can see how the value per dollar invested can snowball when a successful video takes off.
Add the fact that over 60 percent of consumers self-report being more motivated to purchase after watching video marketing content, and you can see how the initial costs of producing well-designed, professional videos should be a cornerstone of any marketing strategy.
How Your Video Marketing Agency Can Help
Building compelling marketing videos is equal parts science, creativity, and experience, so choosing your business’s right video marketing agency is an important decision. When considering your options be sure to ask about an agency’s skills in helping in these key areas:
- Creating an effective Call-to-Action (CTA), which can be presented at strategic points in the video or presented at the end.
- Can they advise on video length, since marketing videos are not a one-size-fits-all proposition; some products might be best served with a longer, detailed video and others with a short explainer video.
- Be sure to discuss the scriptwriting and review process, which, despite what people think, is one of the most critical parts of any video marketing campaign. Those unique Apple presentations that Steve Jobs became famous for were very carefully scripted and obsessively rehearsed to look and feel the way they do.
- What is the best use of directional cues in your marketing video? Grabbing a viewer’s attention is great, but converting their attention into sales is the goal. Directional cues are the trigger that activates the sale.
- Video needs audio, so be sure your agency of choice has the skill sets and hardware necessary to overlay audio that sounds clean, professional, and that captures your business’s personality. Most agencies have a list of voice actors they work with, so you can have some input into the voice that becomes identified with your business.
- Be careful with autoplay. The vast majority (82 percent) of consumers dislike it intensely, and some search engines have taken to blocking autoplay ads as a means of appeasing users.
Video marketing is here to stay. More importantly, it is becoming an essential part of any marketing strategy. And with more than 500 million hours of videos watched on YouTube every day and over 8 billion Facebook video views in that same period, the power of video is only increasing every year. Now is the time to create the video content your customers expect and want.
At Pepper Gang, we excel at the art and science of video marketing. Your business needs video to thrive online, so contact us today to discuss how we can help set your business apart from the crowd, attract new customers, and become the content everyone talks about.