Video is becoming increasingly important in marketing as more & more consumers turn to online platforms to consume content. In fact, according to a survey by Wyzowl, 84% of people say they have been convinced to buy a product or service by watching a brand's video.
There are several reasons why video is so effective in marketing. First, it is a highly engaging medium. People are naturally drawn to moving images & sound and videos can quickly grab and hold their attention. This makes video an ideal format for introducing a new product, telling a brand story, or showcasing customer testimonials.
Second, video is a versatile medium used in various marketing contexts. For example, it can be used on social media, a company website, email campaigns, and offline advertising. This means businesses can reach their target audience wherever and wherever they prefer to consume content.
Third, video allows businesses to convey information in a short amount of time. For example, a 60-second video can get the same amount of data as a written article or brochure but in a way that is more easily understood and remembered. This is particularly important for businesses with complex products or services or those wanting to educate their customers about a particular topic.
Another important aspect of video marketing is that it allows for better targeting and personalisation. Platforms like YouTube and Facebook will enable you to target specific demographics and interests and retarget based on past interactions. This will allow businesses to create more tailored and effective marketing campaigns.
Video marketing also allows for better measurement and optimisation. Platforms like YouTube and Vimeo provide businesses with detailed analytics on their videos' performance, including views, clicks, and engagement. This information can be used to optimise future videos and improve campaign performance.
Moreover, video marketing is a cost-effective way for small businesses to compete with larger companies. In the past, creating a high-quality video required a significant investment in equipment and personnel. However, with the advent of smartphones and affordable video editing software, businesses of all sizes can create professional-looking videos at a fraction of the cost.
Lastly, videos are also a great way to boost your SEO. Google and other search engines tend to favour websites that have multimedia-like videos and will often feature them in their search results. As a result, businesses that use video in their marketing campaigns are more likely to appear at the top of search results and attract more website traffic.
In conclusion, video is a powerful and versatile medium that can be used in various marketing contexts. It is highly engaging, allows for much information to be conveyed quickly, and is cost-effective for businesses of all sizes. As more and more consumers turn to online platforms to consume content, video's importance in marketing will only grow. Companies that embrace video as part of their marketing strategy will be well-positioned to reach their target audience and achieve their marketing goals.