It is interesting that the more that fundamentals of just about everything change with time and technology, the more so many well-established truisms remain the same. The era of content being king in marketing is giving way to a new visual medium, a rerun of the progression from printed media advertising to television more than a half century ago. Despite all the dramatic shifts in the methods of communications over time, a picture is still worth a thousand words.
Today the most important content marketing is video. Regardless of the platform; Facebook, Twitter, Snapchat or YouTube, video has become an essential part of any organization’s overall marketing strategy. Video seems to be adding value to the customer’s content experience. When both video and text are available on the same page, 72% of people would rather use video to learn about a product or service, and 85% of consumers indicate that they prefer to see more video from brands in the coming year. With such positive response from consumers, brands are responding by increasing video participation.
With 81% of businesses utilizing video in marketing campaigns (up from 63% just a year ago), 99% of those predict they will continue to use the medium in the future. Clearly content alone is being dethroned. Video is here to stay and marketers should embrace the change. The medium brings with it more opportunity for brands to be creative in their messaging. As with content alone, quality trumps quantity.
With four distinctive platforms available, videos can be created to take advantage of each platform’s unique targeting capabilities. Whatever the goal of the video, it should be defined at the outset of the process and be used to tailor a particular strategy. Consumers are becoming increasingly selective about the content they consume, so it is important to develop videos that are educational and entertaining.
The cost of producing a single video can range from $1,000 to $10,000 depending upon the level of complexity and professionalism of the production, but with 64% of consumers more likely to make a purchase after watching a video and with the potential of reaching millions of viewers with one single video, the cost is justified.
For more on how video can impact your brand’s awareness and its importance in an effective content marketing strategy, contact Junction Creative Solutions (Junction) at 678-686-1125.