What is Video Marketing & Why is it Important?

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What is video marketing
Video marketing can be simply referred to as the marketing strategy for communicating with your audience with the help of videos. For brands and businesses, thi

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Video marketing can be simply referred to as the marketing strategy for communicating with your audience with the help of videos. For brands and businesses, this concept is not new. The rise of internet users on various video platforms has been exceptional.

Marketers need to stir their content marketing strategy for creating engaging videos. There are numerous social media platforms where videos can create an impact. Platforms like YouTube, Facebook, LinkedIn, Instagram, Vimeo, and others, have their own niche of audience.

With video marketing, your business can interest your personas by telling your brand story in a more personalized and engaging manner. Video stories and live streams open up an all-new range of opportunities for your business. These resonate with your audience and help your business become an important part of their daily lives.

What are the Advantages of Video Marketing for My Business?

A picture is indeed worth a thousand words. A video, however, is undoubtedly even more valuable as it combines the power of both – words as well as images! If done right, then video marketing is one of the most effective marketing strategies that serve your audience a wide range of purposes.

  1. Video marketing attracts the eyeballs of the viewers and even serves the possibility of making the brand message viral.
  2. Video as a medium has the advantage of reaching a much wider base audience. Video messages create a much more engaging impact for your audience.
  3. Video marketing helps in building rapport with your audience.
  4. Video marketing services can serve a large number of purposes for your brand. Client testimonials, live stream, or a brand advertisement clip – a video answers the questions of your audience.
  5. Video marketing puts your brand into action and delivers a large sum of value in a very short span of time.
  6. Videos as a medium are a forward-facing strategy to market your brands and products.

Discussed below are the important reasons why your business must choose to have a dedicated video marketing strategy.

Importance of Video Marketing

1. Video content improves the chances of ranking your content:

Videos have an important impact on maximizing the presence of your website’s content. Videos help in bringing your content to the top position on search engine ranking pages.

Dwell time is one of the important ranking factors of Google. It is important for marketers to consider this factor to improve their chances of ranking their content.

Dwell time refers to the amount of time that any searcher on Google spends on any search result before returning back to the search engine ranking pages. Video content helps in improving the chances of ranking by bringing a bump to this metric.

As per the report published by HubSpot, 80% of marketers agree that video increases the dwell time of any website. Further, as per the data published by Mist Media, an average user on the internet spends about 88% of the time more on a website that contains the video.

All this points to the fact that any website content with video has more chances of ranking. Videos facilitate the perceptions of the audience better and are more desirable.

  2. Video content is especially useful for B2B businesses aiming for targeted reach :

Video content has much more value attached to it than compared to the other forms of content. B2B businesses target a more specific reach with business executives and decision-makers for whom the decision-making exercise is much more complicated.

Videos help in bringing targeted reach by being the preferred choice of business executives. For such executives, trust is an important variable in basing their decision-making exercise. A study made by HighIQ reveals interesting facts, with 59 percent of the senior executives agreeing that they would prefer videos more than compared to texts.

Furthermore, the use of video content helps the viewers to learn about products or services in a better manner as video content is more demonstrative and straightforward.

3. Video marketing boosts information retention for your audience :

As a user, you are more likely to retain only 10% of the information after three days of consuming information. In contrast to this, video content has more chances of getting retained by an individual. The average retention age of a video message is three days. This is surprisingly more than 65% compared to the texts.

Videos are a go-to choice for the users, and they help in increasing the confidence of the users. As a result, values communicated with the help of video messages are more likely to remain in the memory of the audience.

Research made by Forrester indicates that a single minute of video has a worth of 1.8 million words. This highlights the importance of video marketing not just boosting but also reinforcing the image of your brand in the minds of the audience.

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One of the major advantages of video marketing is the fact that they are a rich source of traffic for your websites. Videos help in bringing more backlinks to your website as they can be shared easily across different platforms.

Furthermore, video marketing provides users with the opportunity to like, share, and engage in an interactive exercise of leaving comments on platforms like YouTube. Backlinks achieved in this manner are naturally of good quality. This hence helps you to increase the authority and quality of your website.

Another interesting fact to consider is that keyword search results in video streaming platforms are more refined and prioritize the factor of user engagement. Thus with engaging video content, your business has an easy chance to showcase its videos at the top of search results on YouTube and thus on Google. This way you also have the chance of staying at the top of your competition.

5. Video content increases the conversion rate for your website:

Video content has a proven impact on increasing the conversion rate of your business. As per a report, video content helps in increasing the conversion rate by up to 46 percent.

Video content helps in bringing a face to your brand’s message. Video content improves your conversion rate by reaching your target audience in a more focused manner.

Consumers are hence more induced to make clicks on redirects and product pages. Video marketing improves the reputation of your brand. They use the storytelling format to portray your brand in a positive light.

How to develop a Video Marketing Strategy?

To successfully implement a video marketing content strategy, it is important that you take a guided approach to reflect on the goals and objectives. Your video marketing must be actionable and create a powerful impact on the minds of your audience. Your videos must establish a personal connection with them and add to the value of your audience.

The following ways can help you a long way in exploring the medium for your marketing initiatives if you haven’t already.

1. Create your customer persona :

Your chances of creating compelling video content rise tremendously as you focus more on creating personas.

This can help you create a more personalized experience for your users and maintain your brand tone accordingly.

Creating personas can help your brand deal with the expectations of your customers by drawing a clear picture on the table. Your ideal customer persona can help you know about the age group, interests, buying habits, and others.

With this in mind, you can target the expectations of your audience and cater to their best interests.

2. Create a dedicated video content calendar:

Building timelines is the key to ensuring that you put up the best video marketing strategy and achieve the desired levels of engagement.

Preparing a video marketing plan can be a tedious task. One has to take into account multiple factors for creating a compelling experience for their audience.

Preparation of video script, lighting setups, and editing guidelines are just some of the few efforts that go into making a video film. Having a systematic video calendar can help you go a long way in creating videos efficiently.

3. Choose your platform judiciously

When preparing a video marketing strategy, one of the first steps for marketers must be to understand their audience. This can help them decide the platform that they must target to reach their audience. Choosing a suitable platform helps in making your decisions in a wise manner.

Creating platform-specific video content can help in increasing the authenticity of your message. For instance, the video marketing strategy for a 30-second YouTube Short has to be different in comparison to a 30-minute documentary on your YT channel.

A platform-oriented video marketing strategy thus helps your content to remain ‘relevant’ for your audience as well as the platforms. There are multiple video streaming options that can be appropriate for the users and bring in rewarding results for your brand.

4. Set clarity about what is the video about

Your video marketing strategy can drain a lot of your resources if not planned strategically. Marketers need to have clarity about what their video is about. They need to define their target audience and plan their messages correctly to connect with the audience.

For instance, a brand endorsing its product via video marketing can make the best use of video testimonials. This can help the brand to go full length in showcasing its product features and benefits in an engaging manner.

5. Make the choice of video distribution outlets and make videos for the platform

Finding the right channel of distribution is important for the delivery of the perfect content to your audience. There are a lot of video distribution channels where you can leverage the presence of your audience to promote your brand.

Videos can be shared on your website as well as can be shared over emails. They can be uploaded on YouTube where the audience is more general, as well as can be shared on Instagram stories.

Marketers need to identify their niche and prepare their video marketing strategy accordingly. Businesses need to keep exploring these platforms and assess where their audience engages better.

In conclusion…

Video marketing has hence important sets of benefits associated with them. They are a rich source of lead generation for your business. As per Hubspot:–

  • 84% of video marketers are positive about video marketing for generating leads.
  • Eight of ten marketers feel that video marketing has a direct and positive impact on the sales of the business.
  • 43% of marketers report that having a video marketing strategy has helped them to reduce the number of support calls.
  • 91% of marketers feel that the pandemic has improved the importance of video marketing.
  • The majority of customers believe that they have started to watch brands online, especially after the pandemic.

Having an active video marketing strategy in place is important for your business. This is irrespective of the scale, size, and industry of your business.

Video marketing helps in driving better results for your business. Also, this will help in improving your opportunity to create an ever-lasting impact in the minds of your audience.

Videos create a refreshing experience for your audience. This way, the connection and experience between your audience and business get sweeter and better.

FAQs

What is video marketing and why is it important for businesses?

Video marketing is the use of videos to promote and market a product or service, increase brand awareness, engage with customers, and drive conversions. It is important for businesses because it allows them to connect with their target audience on a deeper level and provide a more immersive and engaging experience.

What types of videos are commonly used in video marketing?

There are many types of videos that can be used in video marketing, including product demonstrations, customer testimonials, how-to videos, explainer videos, behind-the-scenes videos, and promotional videos.

What are the benefits of using video marketing in a digital marketing strategy?

Video marketing has many benefits for businesses, including increased engagement and brand awareness, improved search engine rankings, higher conversion rates, and increased customer loyalty. Videos are more memorable and shareable than other types of content, and they allow businesses to convey emotions and build trust with their target audience.

How can businesses measure the success of their video marketing efforts?

Businesses can measure the success of their video marketing efforts using metrics such as views, engagement, conversion rates, and ROI. They can use analytics tools to track and analyze the performance of their videos and adjust their strategy accordingly. It is important to set clear goals and objectives for video marketing campaigns and regularly evaluate their effectiveness to ensure maximum ROI

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