Demand of using video as a marketing tool is increasing as video is employed by many organizations in telling targeted consumers and audients their story, getting the word out about a new product or service, as well as recruiting employees or vendors. So, how can a service business benefit from video?
Before exploring the benefits of video marketing, there are several facts to know about using video in business:
- 65% of millennials classify themselves as visual learners.
- 59% of millennials will watch an entire one minute video.
- Syndicast predicts that 74% of web traffic will be video by 2017.
- 65% of executives have visited a vendors’ site after watching a video. (39% have called a vender after watching a vide)
- 92% of mobile video viewers share videos with others
- The average internet user spends 88% more time on a website with video.
- 64% of consumers are more likely to buy a product after watching a video about it.
- Attracting new customers or targeted customers– An explanatory short video on homepage or social media pages enables new customers to understand a business’s products and services easily.
- Facilitating announcement of a new product or service– Video is a great way to get the word out and generate buzz for a new product or service. Moreover, an effective product/service announcing video will encouraged viewers to visit the product’s homepage for detail information, thus bring in traffic.
- Moving the customer through the business’s sales cycle– Effective video will move customers from attention and interest to conviction and action, thus boost company’s sale. Therefore, a deep thoughts on effective marketing video are necessary while making video marketing.
- Recruiting new employees/ inviting vendors– Having a video that feature company employees, show team working with business vendors, promote the culture of an organization can be very influential and effective in reaching the right and suitable employees or vendors. Here is a recruiting video from Apple Inc.
- Validating business– Having customers to tell their story (customer testimonials) in the form of video provide an easy way to help validate business, build positive buzz about services and also create element of social proof. HP is one of the organizations who employed customer testimonial on its HP toner in form of video. Moreover, such video not only show who the business target demographic is, how customers were served well, but indirectly helps the business in reaching it targeted customers and excluding the customers they don’t want to work with.
- Sharing best practice– Both live and recorded video can be used to create a community for business’s clients by bringing its vendors and suppliers together for sharing best practice. This is also allow business to maintain a long-term and healthy relationship with its clients.
- Facilitating website’s search engine rankings– Video is searchable content on the internet and thus help in search engine optimizing.
- Company overview video
- Video bio
- Explanatory video
- Training video
- Educational video
- Video press release
- Website FAQ
- Email video
- Presentation video
- Call-to-action video
- Trade show video
- Lobby video
Lancaster, J. 2010, Online Video Marketing 101, Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries, Overland Park.
Luke, K 2013, ’12 Ways to Integrate Video into Your Marketing’, Journal Of Financial Planning, 26, 9, pp. 18-19, Business Source Premier, EBSCOhost, viewed 30 January 2016.
Ozer, J. 2009, “deep thoughts on MARKETING VIDEOS”, EventDV, [Online], vol. 22, no. 6, pp. 48.