According to Wyzowl statistics, a whopping 63% of businesses are already using video marketing. In addition, 82% of the respondents also believe video is an important part of their overall marketing strategy.

For many businesses, video marketing is one of the best additions to their promotion toolbox. However, is it truly worth it? The answer is a resounding YES! Not just because everyone is doing it, but because video marketing is one of the most versatile and profitable digital marketing tools available.

Still not convinced? Below are 7 powerful reasons to invest in video marketing right now.

1. It boosts sales and conversions

If you want to earn some serious money, video marketing is one of your best bets. In fact, adding a product video on the landing page has been proven to increase conversions by as much as 80%. Imagine that! 

Not only that, videos can also lead directly to sales. In fact, some studies show that at least 74% of users who watched an explainer video about a specific product eventually bought it. That should be enough motivation to start creating that amazing product video now.

Come to think of it, the power of videos is not even surprising. Vision is the most dominant sense and most information that is transmitted to the brain is visual. So if pictures can boost engagement dramatically, imagine what videos can do for your business!

2. Video provides massive ROI

Here’s something that will get you even more excited: 83% of businesses attest that video provides a massive return on their investment. While video production is undeniably not an easy task, it can pay off big time! If creating videos is not your forte, it is reassuring to know you can always turn to professionals to help get the job done.

Another great news is videos don’t have to be prefect as long as the content is amazing. Some research show that users are usually put off by videos that don’t explain the message or product clearly enough. 

3. Video can help build trust

Trust is the foundation of sales and conversions. That being said, building trust should be a good on its own. If truth be told, the whole concept of content marketing banks on trust and the creation of long-term relationships.

So stop focusing on selling. Rather, let people appreciate your value by offering them interesting and valuable information.

Promotional videos can also help foster trust. While some consumers are skeptical about purchasing products or services online, effective marketing videos can help change their minds. 

And since most videos are presented in conversational form, this makes people feel like it’s created just for them. This feeling can also help them become loyal to the brand.

4. Google loves videos

Videos can help ensure visitors will spend more time on your site. This longer exposure not only helps build trust, it also signals search engine that your site provides great content. Moovly provides an interesting statistic: you are 53 times more likely to show up on top of Google’s searches if you have a video embedded on your site.

Since Google also owns YouTube, there’s also a massive increase in terms of how videos affect the search engine rankings. In line with this, make sure your videos on YouTube are optimised for SEO. Start by writing catchy titles and meaty descriptions. 

It is also recommended that you add a link back to your website or products and services. This will give potential customers guidance on what step to take next. To encourage actions even more, you can also look into interactive videos.

5. You can use videos to explain everything

Are you in the process of launching a new product or service? Produce a video to show how it works! Think about this: 98% of users report they have watched an explainer video to learn more about a specific product or service. That’s the reason 45% of businesses strategically place explainer videos on their homepages.

Of those brands, 83% reported their explainer videos have helped their campaigns tremendously. If you want to explain a complex concept, consider creating animated videos. Animation can effectively bring concept to life than just mere text or live video. Animated videos offer the perfect mix of nostalgia, simplicity, and entertainment. And they work!

6. Video can help encourage social shares

Statistics show that 60% of social marketers used video content in 2015 and 73% of the total respondents are planning to include it in their marketing toolbox moving forward. Social networks know the value of videos by providing features that encourage sharing of video content.

It is important to note however that in the context of social media, people will share emotions as opposed to facts. In fact, at least 76% of users admit they would share branded videos with their friends if they find it entertaining. With that said, consider making fun and entertaining videos to boost social shares.

7. Videos engages the laziest of buyers

Video is not only a great tool for learning but it’s also very easy to consume. Nowadays, most people are too lazy to dig deep into services or read lengthy product descriptions. If anything, the modern consumer would rather see the product in action. Fortunately, video can capture a massive audience and it works on countless levels, even the laziest ones.

Over to You

Video marketing’s popularity is no coincidence. Taking into account all the amazing benefits they offer, it’s not surprising they have become wildly popular. If you haven’t yet, now is the best time to try video marketing. If you need guidance, we’d be more than happy to help!

video production in Singapore

The onset of the COVID-19 pandemic has caused governments to curtail business activities while cautioning citizens to stay at home as much as possible. As businesses scramble to adapt to the new normal, they are also forced to adjust their marketing plans to cater to a vastly different customer behaviour.

While many people find the current economic climate uncertain, many chose to continue their marketing efforts or they might find themselves struggling a few months later or when everything stabilises. Fortunately, even if your business has to make do with a leaner marketing budget, they can always rely on video marketing to deliver the kind of results they are looking for.

How to Make Video Marketing Work for You

If you are like most businesses, you’re probably wondering if you’ll have the funds to invest in video marketing at this point in time. If anything, the answer is a resounding yes. You have to remember that the business environment has changed dramatically and some marketing channels are no longer an option, at least for the time being.

Case in point: many businesses allocate as much as 30 to 40 percent of their marketing budgets attending conventions and trade shows. Since extensive travelling and mass gathering are restricted at the moment, it would make perfect sense to redistribute your marketing funds to other marketing channels. This is where video marketing comes in.

To enjoy the full benefits video marketing has to offer, keep in mind the following basics:

Replace trade shows with videos

Missing trade shows does not mean you should also miss out on the opportunity to connect with old and new customers. In lieu of trade shows, consider hosting an online version of the event. Start by creating and sharing powerful keynote speeches as videos. If this is something you’ll need help with, consider investing in the services of trusted video production companies as money well spent.

Stay in touch with customers

Since most people are staying at home, they most likely won’t find your silence golden. That being said, it would be wise to find ways to remind customers that your brand exists. If you’re like most businesses, it is also likely that you’re experiencing issues with suppliers and distribution channels. In line with this, it would be a great idea to create a video explaining why you can’t provide the same level of service they expect from you.

Other things you might want to share with your customers include:

  • How important the safety of both employees and customers are to you and how hard you’re working to ensure it stays a priority
  • Any changes that might impact any scheduled events or planned operations your brand has scheduled
  • Details of a flexible cancellation or refund policy to ensure the continued convenience of your customers

Keep prospects and customers engaged

With most people currently in the lookout for worthwhile video content to consume online, brands have responded by getting quite creative with their videos. For instance, gyms and fitness centers have been creating and sharing at-home workout videos while restaurants have been sharing cooking ideas online.

Lego responded by increasing the number of educational videos they’re sharing online in the effort to help millions of parents who are dealing with the challenges of home schooling. To make your videos engaging and powerful, selling your products or services does not always have to be the primary goal. You can also use your videos to connect with your target audience better and let them know you have their utmost good in mind.

Final Thoughts

Decades prior, many businesses once considered video marketing a luxury only the titans in the industry can afford. Thankfully, that is no longer the case nowadays. If anything, video marketing has become quite accessible, and yes, even affordable. In fact, a HubSpot survey revealed at least 92 percent of marketers consider videos as an integral part of their marketing strategy. 

Eventually, the world will be able to transcend this global crisis. When that time comes, you’ll most likely get a chance to do trade shows and conferences again. By then, it won’t be wise to consider placing your video marketing efforts on the back burner. If anything, video marketing is the only platform that will continue to produce the consistent results you are looking for many years to come. Now that’s one marketing channel truly worth investing in!