6 Ways Online Video Offers Low-Cost Marketing For Your Business
Today, online video has become as prevalent as text on the web was more than a decade ago and is now being used as an effective marketing tool for businesses small and large alike. In a recent article in the New York Times, Kermit Pattison highlighted the growing trend of businesses using video as a low-cost way to reach to sell their products, connect with customers for deeper conversations and communicate their brand. The barriers to creating and distributing professional-quality video have been eroded with the development of affordable content creation tools and the solutions available from online video platforms.
- SHOW YOUR PRODUCTS – Online video may be the best way to demonstrate a product. Customers can see the actual product and make purchasing decisions based on what they see rather than having to request a sample.
- CREATE A DESTINATION – Having an online video spokesperson in your video adds that human touch that no other marketing tool can duplicate, short of being there in person, and when you add that element to your company website you create a reason for customers to keep coming back. Your website can become your company channel full of useful information that connects with your customers and you’ll be seen not as pitching products, but as customer-friendly experts.
- USE ANALYTICS AND TOOLS – All video platforms, including: YouTube, Vimeo, Facebook, Blip.tv, and professional platforms like Brightcove, Ooyala or Kaltura, offer tools that allow you to measure the effect of your videos. The ability to measure video traffic beyond “views”-including audience dropoff, what sites and search terms are referring viewers, and audience geography-offers content publishers deeper insight into both the viewing habits of their audience and the extent of your video’s reach.
- BUILD A BRAND CHANNEL – One way to get the attention of customers is invite them to become your video producers — especially if they jump off cliffs, ski down steep powder ridges or do somersaults on BMX bikes.
- ADVERTISE WITH VIDEO – YouTube is the second-largest search engine after Google (which owns YouTube) and represents a huge audience of potential customers. It offers a dozen advertising options, including banner ads, promoted videos that appear on top and beside search results, and “preroll ads” that appear during other YouTube videos much like a conventional TV commercial. YouTube recently announced that it was displaying more than three billion ads per week.
- OFFER INSTRUCTION – Pictures are really worth a thousand words and video multiplies that equation with 30 pictures a second. Online video makes it easy to follow the adage “Show, don’t tell.” Many businesses have turned to video for instruction manuals and how-to guides.
The State of Online Video: Going Beyond the Pre-roll with comScore
This video comes by ways of ReelSEO’s Grant Crowell who spoke with Josh Chasin, osh Chasin, Chief Research Officer for comScore. ReelSEO’s Josh had just returned from moderating the panel titled, ‘The State of Online Video: Going Beyond the Pre-roll.’ According to Josh, comScore is the first company to measure online video in five countries – U.S., Canada, Germany, UK, and France.”
In the interview, Chasin said that online video viewing has increased with 70% more streams and 80% more minutes within the last 18 months. 70-75% of US online consumers stream at least one video, typical is 3 videos/day and 85-90/month. 18-34 years olds were the heaviest viewers and 35-54 were the second.
He predicted that online video consumption will grow as traditional media tries to lure back viewers who have migrated online, producers will move to long-form video and that video will refocus metrics toward time spent on internet consumption and not just page views and watching videos.