Introduction
90% of video marketers have stated that video has helped them create brand awareness. In fact, 88% of marketers say that video is a nitty-gritty part of their marketing strategies.
In the present world, you rotate around videos, whether informative or entertaining, on social media platforms like Instagram, Facebook, etc.
Businesses have levelled up and have started uploading videos such as tutorials, tips, testimonials and other relevant topics to garner views and create brand awareness for themselves.
Let’s catch a glimpse of the type of impact video marketing creates on users and some key strategies to reach a wider audience.
Importance of Video Marketing
Videos are being used for a wide range of purposes by businesses but mostly for brand awareness, higher conversions and building a trust. As a result, 90% of marketers state that video marketing has given them a good ROI.
has created over the years and it is substantial.
Let’s break it down for you.
Fosters Social sharing
Social sharing refers to the viewers watching and sharing a video with their followers or sharing it on their own platforms. This leads to higher engagement and automatically boosts your platform. People are 52% more likely to share video content than any form of other content.
Boosts Conversion
Suppose your videos are compelling, visually attractive, and informative. In that case, viewers will stay on your website page for much longer and might want to take action, like purchasing a product or joining the company community.
For example, if you own a website that sells kitchen equipment and you have creative videos of cooking a meal with those dishes, that increases user attention, and they would want to take the necessary action.
Great for brand awareness
Video marketing helps create brand awareness by engaging audiences, communicating messages, and producing responses. Relevant videos are a powerful medium for connecting with the target audience. According to Kepios, there were 5.17 billion social media users worldwide at the start of July 2024, equating to 63.7% of the total global population.
The fact of the matter is that your videos have the potential to stand out from others, and connect with the greatest number of users, that can garner a billion views, and create brand awareness for your product/service. It all sticks down to the type of impact your video can create.
Improves Search Engine Optimization (SEO)
- Video content greatly impacts SEO in various ways. Keyword visibility is one such way. Keywords are the words or sentences that users type on Google search to get answers to their queries. If you optimize your video content with relevant keywords, there is more probability of the video ranking on the search engine results page.
Improved User Experiences
- If the video content discusses an in-depth topic, it will evoke a sense of curiosity among the viewers, and they will stay long till the video ends. They might even wander on the page and look for other videos to quench their inquisitive thirst.
Video content starts various channels of perception, such as audio, visual, and motions at the same time. These factors make a video memorable, formidable, and dynamic.
Building Trust
Video content helps connect with the audience emotionally, also known as pathos. This can be achieved through facial expressions, noise, storytelling method, color, effects, etc. If the video has the right amount of information and has been presented in concision, it renders authority and reliability. From the audience’s point of view, you have emotionally moved them, and they are more likely to take action.
From now onwards, you must have gotten a basic idea of what kind of magic a video can create. Therefore, let’s jump right at the few video marketing strategies that you can utilize to elevate your business.
Lights, Camera and Action!
Strategies for successful video marketing
Set your goals
Identify your target audience
Now that you have set your goals, you must identify you target audience. It requires you to create a buyer persona which is easy to make. You need to map out a few key points like
- Who is your product or service for?
- What is the purpose of your video that you are making?
- Where does your target audience hangout the most?
Plan your Budget
Craft appealing video content
Choose the best platform
Utilize AI
Types of videos
There are various types of videos that can get you engagement and increase conversions. It includes demos, band videos, event videos, etc. Let us comprehend them a little deeper.
Demo Videos
Brand Videos
Education videos
Event Videos
Live Videos
Animated videos
Testimonials
A testimonial video is a marketing asset that features an existing customer’s review of their first-hand experience with your product or service from their point of view. 72% of customers trust a brand more with positive video testimonials. These videos are solely created to increase credibility, building trust and retaining customers.
Testimonial videos also play an important role in increasing a company’s ROI.
This study highlights that most of the enterprises and large organizations see 100+% ROI.
About Us Videos
Extending Gratitude videos
Businesses create “Thank you” videos to extend their gratitude for a couple of factors such as
- Celebrating milestones
- Appreciating any employee’s achievement
- For Non –profit organizations
- Thanking the customers for their loyalty in your brand
This fosters a positive environment and strengthens the relationship. A leader of a company should not take more than 60 – 90 seconds to speak in a thank you video.
Podcast Videos
A podcast or typically known as a vodcast, is a unique method to deliver content to the audience. It contains a studio set up with the host and the guest who speak about any topic like the inception of their companies, strategies, tips, etc. The video can be of 1 minute to 2 hours. It all depends on the topic and the conversation which is mostly unfiltered between the two. It gives a visual and a sound effect with the facial expressions recorded at the same time.
Podcasts are extremely popular on YouTube. The Q3 2023 survey found out that YouTube was used most for podcast consumption at 33%.
On an average, users spend 48.7 minutes per day on YouTube as of 2024. This marks the growing engagement of YouTube users as they use it for entertainment, information and other type of video content.
Let us quickly glance at some of the statistics with respect to video marketing.
General Video Marketing Statistics
- Online Videos reach 92% of the audience globally.
- 48% of content marketers feel that their organization is not fully utilizing the existing videos to their full potential.
- 71% of B2B marketers use video marketing, while 66% of B2C marketers do.
- Every year marketers are increasing the budget of video marketing by 25%.
- Videos that were of 90 seconds or below had a retention rate of 50%.
- 60% of users stated that user-generated content is the most real form of content.
- In 2024, 85% marketers are expected to increase their spending in video marketing.
- 70% of marketers state that interactive videos engages audiences.
- 56% people said that YouTube is their preferred way of sharing video content.
- People spend 18 hours watching videos weekly.
In a Nutshell
Video marketing, if done correctly, can make you hit the jackpot. It’s all about blending in with the new trends, implementing them in your videos, and understanding what went wrong. You can make a prominent comeback if you adhere to these simple yet effective video marketing strategies.