The importance of video marketing is no small thing
In today’s competitive online marketplace, companies of all sizes, in all industries, must utilize a combination of digital marketing techniques in order to remain competitive and grow their share of the target market. While cost-effective digital strategies such as SEO and email marketing should always be a part of any marketing mix, it is only within the last several years that video marketing has also become an increasingly critical component.
Read along to learn more.
Why video marketing is so powerful
To ascertain why exactly video marketing has become such a powerful and necessary part of digital marketing, you first need to realize what video marketing really is. Sure, with today’s technology, anyone can easily put together a video and publish it to multiple channels. But real video marketing, professional video marketing, delivers multiple benefits, such as promoting your business, establishing your brand identity, building a loyal audience and increasing your customer base, and establishing you as an authority in your industry.
However, one video alone cannot achieve all this. A combination of different types of videos, published to different channels and online platforms, will serve a variety of purposes while at the same time forming a cohesive campaign that instills brand recognition and drives traffic to your site.
Common types of videos:
- Product presentation videos
- Video teasers
- Tutorials
- Testimonials
- Corporate branding films
- Commercials
- Video for social media
- Explainer videos
- And more...
Benefits of video marketing
Videos, together with other digital marketing strategies, better provide consumers today with what they want — more engagement and a positive experience from the companies they choose to do business with. Today, engagement is more important than the price of a product or service, and through videos, brands can engage with their customer base in a way that improves brand recognition and online visibility.
Consider the following benefits of video marketing and you’ll quickly begin to realize why video marketing is so powerful:
- Consumers Prefer Videos to Reading Text
- Video Marketing Increases Your ROI
- Videos Play a Large Part in the Decision-Making Process
- Video Marketing Enables You to Increase Your Online Presence and Strengthen Your Brand
- Video Marketing Helps You Build Trust with Your Audience and Establishes Your Brand as an Authority
- Professional Video Marketing is Not Expensive
- Videos Can Help You Increase Sales Better Than Content Marketing
- Video is Especially Appealing to Mobile Users
The next few years will prove to be very interesting as many brands ramp up their video marketing efforts. You don’t want to risk being left behind by not doing the same or not devoting enough time or effort to your own video marketing campaign. Instead, consider video marketing a new marketing weapon in your arsenal — deployed properly, you maintain and grow your edge over your competitors.
Video marketing trends
As mentioned above, marketers today are focusing heavily on video marketing. But if you are still on the fence about how useful it could be consider some of these important video marketing statistics and facts.
- Video content attracts more traffic than the popular channels in content marketing. Also, it nurtures leads and boosts website traffic on a slashed budget.
One of the reasons video content serves to boost traffic is due to the fact that relevant videos now also play a key role in how major search engines rank a website.
- A website is 53x more likely to rank on Google’s front page if it has videos. Videos increase organic search traffic on a site by 157%.
When it comes to making purchasing decisions, consumers today often rely on videos as part of the process.
- Before purchasing a product or service, 50% of internet users look for related videos. This means that having videos for your products is likely to earn you more customers than without.
Publishing videos to social media platforms also helps to build your audience, instill brand awareness, and promote your products and services to those who might not have been actively looking for it.
- About 5 billion people globally play more than 1 billion hours of YouTube videos every day. Having your brand videos on YouTube can help boost traffic
- An average of 8 billion videos are watched daily on Facebook. With over 2.5 billion users, Facebook is perhaps the most engaging marketing tool known
- 62% of users said that they develop interest after viewing a product on Facebook stories
- 80% of watched videos on Instagram are “how-to” videos
Essentially when done right and with the aid of a professional video marketing company, videos can be instrumental in a brands success.
- Of the 72% of marketers using twitter videos as a marketing channel, 84% of them are claiming that it’s a success
Knowing all of the above, adding video marketing to your digital marketing campaign should be a no-brainer. However, you cannot simply aim to create a video and publish it on Facebook and then sit back and hope it achieves your goals. There is a process in creating an effective video marketing strategy. Following the steps will help ensure optimal benefit from your videos.
Types of video
Simply knowing that videos are a highly effective and beneficial marketing strategy isn’t enough. You must also know what style of video to use, and where to publish it for your audience. The idea that you can simply create a viral video should be dismissed immediately. Instead, focus on producing some or all of the following types of videos.
1. Corporate/branding films
Definitely, a film that should be produced by a professional video marketing company, the corporate branding film will serve to explain your message and ideology in order to give your audience the proper perception of your brand. It will speak to your target audience in a manner that helps them connect with your brand, subsequently improving brand recognition.
2. Product films
Your product films will explain the features and benefits of a product or service you offer. The video also serves to showcase your products and explain how and why they are better than those of your competitors.
3. Testimonial videos
More than just a simple review, the testimonial video tells a story of how one of your products or services helped solve a problem for a customer. The video will serve to influence others that are on their customer journey and ultimately urge them into purchasing your product.
4. Assembly animation and process film
These films provide in-depth instruction to consumers on how to put together and use a product.
5. Social media video
Ideal for increasing engagement with your audience and attracting new potential customers and clients, social media videos are informative, engaging, and/or humorous, and will stick in the mind of your viewers. Better yet, if you create a good video that resonates with your audience, it can potentially be shared amongst thousands.
6. Expert interviews
An expert interview serves to establish you as an expert in your industry while at the same time giving your audience more insight into the company, and its products or services.
7. Webinar videos
A webinar is another way to establish a connection with your audience, dispense information about your company, and increase brand recognition.
8. Commercials
A commercial also establishes a connection with your audience while telling a story and delivering a message.
9. Product reviews
Product review videos focus solely on the product, outlining the most important aspects and features and describing how well the product worked.
10. Behind-the-scenes videos
This video can be used to give your audience a further look into the company culture, detail the process of developing a new product, or show how your team goes about providing excellent services.
11. Sales videos
These videos should be entertaining yet compelling, essentially urging a person nearing the end of their customer journey to make a purchase.
Ideally, any and all of the above types of videos will serve one or all of the following purposes:
- Create awareness
- Educate the consumer
- Increase audience engagement
12. Explainer videos
Explainer video are great for - well - explaining anything basically. If you have a product that is complicated to understand, a cause or message you want to promote or a campaign that needs that extra touch, explainer videos are great.
Take a look at some of the best explainer video examples from companies in different industries and with different messages and goals for their video production. Let yourself get inspired for your next video marketing project.
If it's hard to explain - show it with video
Product films are an ideal fit for manufacturers of products that are very hard to explain. These products are typically big, complex machines used in production or assembly lines. However, we likewise do these films for ‘smaller’ products, e.g. the oven film we made for Kuppersbüsch Hausgerate.
Along with other digital marketing strategies, we give today's people what they want: More and better experiences
When a company like Danfoss sets about introducing a new, technically advanced product, the aim is to present it as simply as possible, whilst also wowing the audience. How then, does the marketing manager manage both challenges? They tell a story! Stories capture people's imagination and illustrate and inspire in a completely fresh way – one which the bare facts simply can't deliver.
How to build a video marketing strategy
Developing an effective video marketing plan will enable you to create and publish your videos in a professional, efficient, and organized manner. This will ultimately lead to a greater ROI, drive more traffic to your site, and increase sales. Follow these steps when building your video marketing strategy:
Helpful video marketing resources
We've collected a list of some of the resources out there that we found very useful. If you feel something is missing don't hesitate to reach out to us either on chat or by email.
List of resources
Marketing Statistics 2020 (HubSpot)
Top video marketing platforms (50wheel)
Video marketing SEO (Search Engine Journal)
The beginner's guide to YouTube marketing (Backlinko)
Video Marketing Strategy Checklist (Cadesign form)
Get the answers to all of your questions
Examples from your industry
Go to our industry-specific pages where we've collected all the best images, films, and product configuration examples from four different industries: Furniture, Kitchen & Bath, Home Improvement, and Industry & Manufacturing.
Conclusion
Crafting and launching a successful video marketing campaign doesn’t have to be overly difficult. It just takes a little time and research to first fully understand what video marketing is, what types of videos you can create, and how best to employ them. With the information presented in this guide to video marketing, and with the aid of a professional video marketing company, you can improve brand recognition, increase sales, capture a larger share of the market, and achieve great success.