While you have been on the Internet recently, chances are you might have watched an online video. Video is everywhere. Our friends post funny cat videos on our timeline. Our coworkers pass along inspirational messages about becoming successful. Our favorite brands showcase their products in inventive methods. Nearly every site you visit has a video displayed in some form. As a result, video has rocketed in viewership--and there's no sign of it slowing down.
Here are 5 reasons why online video will soon take over your time spent on the web, and why if you're a marketer, you can use video to drive your business forward.
1. More and more users are consuming their video entertainment online. Several studies have shown that more people are using the internet to consume video. Over 4 billion videos are viewed each day. Most likely, the majority of those videos were short form videos. The definition of a short form video is one that is less than 5 minutes, but the majority are between 30 seconds and 3 minutes in length. The market is moving more toward catering to the Facebook generation's attention span--quick videos that are aimed to inspire, provoke, or excite. Desktop and laptop viewers and tablet audiences continue to consume more and more short-form video--and marketers are seeing a big opportunity arise.
2. Marketers are using video to engage social media audiences. Brand marketers have found great ways to engage audiences and create brand loyalists through online video, especially through their Facebook brand pages. Look no further than a brand like Red Bull to see how this is being executed perfectly. They have more than 27 million Facebook fans, so they must be doing something more than just updating their status about their newest flavor. Their subscribers want the updates because it often features some of the world's best athletes doing unthinkable things. We don't even drink Red Bull, but you can bet we share the videos every time we see someone in a wing suit flying through Yellow Mountain in China. This is what "going viral" is all about.
An intriguing statistic is that whenever users watch video and visit your site, they are 5-20 times more likely to take action and buy than from a regular link or paid advertisement. Videos tell experiences and people like experiences. They tell a story and they create brand loyalty. The days of direct consumer advertising is shrinking, and the advent of marketing through storytelling has arrived.
3. Barriers to entry are low. With the barriers to entry continually becoming lower with advances in technology, filmmakers will have the ability to create content--all in beautiful HD--for a much lower price tag than in the past. Videographers now have the ability to create excellent looking shots for a fraction of the cost of even half a decade ago. Throw in a nice microphone, a high-quality sound recorder, a tripod, and a little bit of editing and you can make some extremely powerful videos. It is now easier than ever to teach yourself to create the next viral hit.
4. Quality is expanding quickly. Before, the sheer price along with barriers to entry meant that there was a very small percentage of the population who could even be in the field. Now, that it is more affordable to make videos, there is more chance for younger talent to get into the market. As a result, quality is expanding rapidly.
Vimeo and Youtube are amazing teaching grounds, with tons of professional how-to and DIY videos. Likewise, sites like No Film School are giving some of the best tips and tricks on the web, making at-home learning easier than ever. The result is a huge influx of high-quality video, which can only mean more viewers, more shares, and more enjoyment for all.
5. There are plenty of avenues for dissemination. Everyone knows YouTube and it continues to dominate the market. But there are plenty of other places to showcase your videos. As mentioned above, Vimeo is the finest collection of artistic videographers on the web. Without outwardly deleting poor-quality content, Vimeo's homepage and search results make it easy to find awesome content and avoid the endless amounts of useless crap that often plague the YouTube experience. Along the same lines, Pinterest's new video feature gives curators great opportunities to pin videos to their boards. Even more so than Facebook and Twitter, Pinterest has created a sharing experience so simple and effective, it makes the potential or virility even higher.
Until next time
Scott & Heidi
Here are 5 reasons why online video will soon take over your time spent on the web, and why if you're a marketer, you can use video to drive your business forward.
1. More and more users are consuming their video entertainment online. Several studies have shown that more people are using the internet to consume video. Over 4 billion videos are viewed each day. Most likely, the majority of those videos were short form videos. The definition of a short form video is one that is less than 5 minutes, but the majority are between 30 seconds and 3 minutes in length. The market is moving more toward catering to the Facebook generation's attention span--quick videos that are aimed to inspire, provoke, or excite. Desktop and laptop viewers and tablet audiences continue to consume more and more short-form video--and marketers are seeing a big opportunity arise.
2. Marketers are using video to engage social media audiences. Brand marketers have found great ways to engage audiences and create brand loyalists through online video, especially through their Facebook brand pages. Look no further than a brand like Red Bull to see how this is being executed perfectly. They have more than 27 million Facebook fans, so they must be doing something more than just updating their status about their newest flavor. Their subscribers want the updates because it often features some of the world's best athletes doing unthinkable things. We don't even drink Red Bull, but you can bet we share the videos every time we see someone in a wing suit flying through Yellow Mountain in China. This is what "going viral" is all about.
An intriguing statistic is that whenever users watch video and visit your site, they are 5-20 times more likely to take action and buy than from a regular link or paid advertisement. Videos tell experiences and people like experiences. They tell a story and they create brand loyalty. The days of direct consumer advertising is shrinking, and the advent of marketing through storytelling has arrived.
3. Barriers to entry are low. With the barriers to entry continually becoming lower with advances in technology, filmmakers will have the ability to create content--all in beautiful HD--for a much lower price tag than in the past. Videographers now have the ability to create excellent looking shots for a fraction of the cost of even half a decade ago. Throw in a nice microphone, a high-quality sound recorder, a tripod, and a little bit of editing and you can make some extremely powerful videos. It is now easier than ever to teach yourself to create the next viral hit.
4. Quality is expanding quickly. Before, the sheer price along with barriers to entry meant that there was a very small percentage of the population who could even be in the field. Now, that it is more affordable to make videos, there is more chance for younger talent to get into the market. As a result, quality is expanding rapidly.
Vimeo and Youtube are amazing teaching grounds, with tons of professional how-to and DIY videos. Likewise, sites like No Film School are giving some of the best tips and tricks on the web, making at-home learning easier than ever. The result is a huge influx of high-quality video, which can only mean more viewers, more shares, and more enjoyment for all.
5. There are plenty of avenues for dissemination. Everyone knows YouTube and it continues to dominate the market. But there are plenty of other places to showcase your videos. As mentioned above, Vimeo is the finest collection of artistic videographers on the web. Without outwardly deleting poor-quality content, Vimeo's homepage and search results make it easy to find awesome content and avoid the endless amounts of useless crap that often plague the YouTube experience. Along the same lines, Pinterest's new video feature gives curators great opportunities to pin videos to their boards. Even more so than Facebook and Twitter, Pinterest has created a sharing experience so simple and effective, it makes the potential or virility even higher.
Until next time
Scott & Heidi
About the Author:
Scott and Heidi Shimberg are Serial Entrepreneurs who are actively studying business opportunities in the online/offline marketplace. Know Numis, and tell your friends, family and begin to have Hope too.
No comments:
Post a Comment