12 Reasons to Start Creating Video Content
Video content is steadily rising in the digital market space, and brands are quickly adding it to their content strategy for social, websites, online shopping, and anywhere else videos can be shared. If your brand has never used video content before, you’ll need to explain to yourself and your team why video content is a valuable asset to your overall marketing strategy.
No matter the industry or type of business, video marketing has been boasting incredible results for brands that incorporate it into their content strategy. Consumers engage with it more than static images and plain text. It’s a way to see their favorite brands in action, which gets people in the shopping mood.
Before you can justify allocating a portion of your marketing budget to video marketing, you’ll need to have some statistics to back it up. We love stats and data when it comes to making strategic decisions, and so does company leadership.
1. Videos Increase Web Traffic
The ultimate goal of getting people to land on your website (and stay there), is to make a sale. Having a well-crafted website that is easy to maneuver and find information is incredibly important, as is the content within the website.
84% of marketers say that using video has helped increase website traffic, and 80% of marketers say that video has increased the dwell time on their website.
Customers need to be able to quickly find the information they need about your product or service when they land on your site.
As mentioned before, videos are a great way for customers to learn and process large amounts of information in a short amount of time. 94% of marketers say video has helped increase user understanding of their product or service.
When a customer is able to get all of the answers they need right away when they land on your website, it makes the path to purchase a seamless experience.
2. Videos Increase Income Potential
Selling is a very visual process. Pictures help show what your product looks like. Video content takes it a step further and helps show your product in action. The benefit of seeing a product in action is the same reason why shoe stores want you to try on a pair of shoes: it allows the customer to see themselves using the product.
When your customer sees themselves using your product and benefiting from it, you are more likely to land the sale.
Video can be used in areas outside of the selling process as well. Explainers, testimonials, and how-to videos are just a few examples of the areas where video can be used to enhance the customer experience.
This article goes deeper into the topic of how video marketing can help generate income for your brand.
3. Videos motivate people to purchase
The overall goal with video marketing is to boost your conversion rates, right? How good can a marketing asset be if it doesn’t turn the window shoppers into paying customers?
Nearly two-thirds of shoppers say video has given them ideas and inspiration for making purchases. Of that group, more than 90% say they’ve discovered products and brands via YouTube.
Consumers are more engaged with brands when viewing their products and services through video. They get a chance to see it in action, which then makes the consumer picture themselves using your product or service.
This all lies within your strategy and how well you execute. If you see your conversions begin to rise after implementing video marketing, it means your message is adding value to your audience’s lives.
4. More businesses are using video content
Video marketing gained heavy traction in 2017, and it has continued to grow aggressively leading to 2019.
According to the State of Video Marketing 2019 by Wyzowl, survey results showed that in 2017, 63% of businesses used video marketing in their overall marketing strategy. That number jumped to 81% in 2018 and is now currently at 87% at the beginning of 2019.
Remember back in 2012 when social media was still somewhat optional for businesses, yielding only positive results for the select few that did it correctly? Today, we’d see it as an absurdity if a business didn’t have AT LEAST a Facebook page.
The data shows that video marketing is following that same trend.
The question of, “Should we incorporate video into our marketing strategy?” has now turned into, “When can we incorporate video into our marketing strategy?”
5. Businesses will continue using video content
Experts predict that video will account for approximately 78% of the world’s mobile data traffic in 2019.
Since the average adult in 2018 spent 3 hours a day using the internet, that would mean there is a strong chance your audience is watching about 2 hours and 20 minutes of video each day.
As companies like Google and Facebook continue to ramp up their video streaming services, the average time we all spend watching video is expected to increase.
Consumers prefer video content over all other forms of brand communication. They expect to see more video in the future, and are looking forward to it.
When you put all of these compelling components of video marketing together and view them in the same lens, it becomes quite clear that video marketing is the future of brand communication.
6. Video content is preferred
54% of consumers prefer video over all other types of content from businesses they support according to a recent HubSpot research study.
Video is the most entertaining and engaging form of content, so consumers are naturally inclined to be more receptive to it. Videos make it much easier for us to receive and digest a large amount of information in a shorter amount of time.
Putting out a piece of content that makes your audience’s lives better will boost your conversion rate!
7. Consumers want more video content
Overall, consumers are fairly satisfied with what brands are putting out in the video-sphere.
When surveyed, 87% of people would like to see more video from brands in 2019. When asked what type of videos they want to see more of, 39% of people cited explainer videos.
Videos are the most engaging form of content you can put in front of your audience. When you are able to explain exactly how your product or service works, the only thing your viewer needs to decide is whether or not to spend their money.
When brands are able to package up all the facts and tips about their product or service in a short, digestible video, you’ve added value to your viewer’s shopping experience.
8. Your competitors are getting ahead
Businesses that have incorporated video content into their marketing strategy are continuing to do so year over year.
When surveyed, 99% of marketers that used video in 2018 will continue to use video in 2019. Of that group, 88% said they plan on increasing their video spend in 2019.
The industry is seeing that happen. In all market sectors, there has been an increase in digital and mobile media investment by 53% since 2016.
9. Video platforms are easy to use
There are very minimal barriers to entry for video marketing with platforms like YouTube and Facebook. These two platforms dominate the space of internet video.
In 2018, both YouTube and Facebook saw that their users spent an average of 15 hours per month using their services.
Facebook closely trails YouTube for video consumption and brand discovery.
This means that if your target audience is using these two platforms, incorporating video marketing into your strategy brings a high chance of connecting and engaging with current and potential customers.
10. Videos resonate on social media
Video is rapidly taking over social media. It’s visual, it’s engaging, and it’s something consumers want to see more of. In Wyzowl’s report, 87% of people want to see more video content from brands during 2019.
The statistics for video marketing are overwhelmingly positive, and brands are carving out a great deal of room in their budget for it. However, these results are not guaranteed. It all depends on your strategy and where you place your videos for your audience to see.
With most of the top social media platforms introducing native and embedded video functions, it can be difficult to identify the social channels you should be using for your video content. Check out this list of social media platforms that work best for video content.
11. Tracking content engagement is easy
Data-driven results are the holy grail of marketing. It paints a picture that shows not only if you’re doing the right thing, but also if you’re doing the thing right.
The problem with a lot of marketing channels is that you are unable to measure exactly the point at which you lost the attention of your audience.
When you launch a click-ad campaign, influencer spots, or even the good old-fashioned print media, you can generally be able to measure if it works or doesn’t work for your business. That’s it.
Now businesses are using video, a timed and recorded message that you send to the world.
Then all of our lives became a lot easier once Google Analytics was launched. Put video and Google Analytics together, and you’re able to see when your audience engages and/or tunes out. To the exact second.
This is the gold standard of insights. It gives you the ability to tweak and improve your messaging to a much higher level of accuracy, and much faster than any other form of marketing.
12. There’s a lot of noise
Wyzowl’s data showed that 90% of marketers feel the level of competition and noise has increased over 2018.
Rising noise levels is great news for marketers that enjoy being challenged. It forces you to be creative and make very engaging content.
For lazy marketers, this is probably more of a con rather than a pro. When you see the noise level start to rise in an area of marketing, that means it works (for the ones that do it correctly).
Your strategy needs to be well thought out before a chunk of your budget gets spent on video marketing. Building a solid video strategy means studying the successes and failures of video marketing.
Look at it from the consumer lens just as you would any other form of marketing. Study the impact it’s had on businesses that are out there killing it! Once your strategic framework is in place, you can begin building out your videos and determine how your business will break through the noise.
If you were on the fence about starting video marketing before, we wanted to give you 10 really good reasons why you should be doing video marketing sooner rather than later.
No matter the size of your company, the data shows that video is a strong asset everyone should have in their marketing arsenal. Video marketing has undoubtedly brought positive results to a large percentage of the companies that have used it in their marketing strategy.
Marketing strategies and budgets are switching gears towards video marketing because viewers are engaging with these videos. Brands are being discovered and gaining large amounts of traffic and conversions by incorporating video into their strategy.
Even if your company hasn’t been using video, the ship hasn’t sailed. There’s still plenty of room to get through the noise level and succeed with video marketing.
In order to get started with video, you’ll need to know your brand’s story and have a strategy. Then you can collaborate with a video marketing agency to build out your videos.