In 2018, use of video among small business
owners will mature and solidify into a “must have” marketing component.
Businesses able to make strategic use of video will seize critical
opportunities for sales lift and market share.
Many marketers hailed 2017 as “the year of
video,” and with good reason. Video marketing, video advertising and overall
video consumption boomed in the past 10 months.
61% of all businesses now use video content
in
their digital marketing plans. Two out of every three of these businesses are
newcomers to video.
Additionally, video consumption continues to
rise online. Estimates from this summer predict that overall video consumption
via mobile will increase by 35% by the end of this year.
All of these developments foretell a new year
where digital video will be more important than ever for business owners’
success. Those who take advantage of the following four video marketing trends
in 2018 will likely be in for a great year ahead.
Video Content Marketing Becomes a Must-Have for Small Businesses
Consumers’ preference for video has steered
most content strategies towards a video-heavy portfolio. Business owners who
steer towards video find tremendous value in the form of boosted returns.
For one, people complete video content more
frequently than the average non-visual, text-based blog article. According to Vidyard, over a third of all video viewers
(37%) make it to the end of the video’s run time.
Nearly all of mobile users who watch video
(92%) have a tendency to share video content with others. Simply Measured also
says that video gets shared around 12x more frequently than content links or
text.
Other studies show that audiences retain video
in messaging better than text.
With all of these advantages, businesses
putting video content out there will see higher levels of engagement, shares and conversions into their marketing
funnel. Having a video component to your digital marketing strategy will
therefore become a competitive differentiator in the months ahead.
Business owners looking to get into video can
start by transforming existing content assets into a short (around 2.5 minutes
or less) summary. Look to the assets with the most views and shares for
inspiration.
Video Becomes an Integral Part of the Sales Pipeline
Video not only generates awareness, it can
help nurture sales in both B2C and B2B industries. [65% of business decision-makers will visit a startup’s\\
website](https://www.kunocreative.com/blog/digital-marketing-in-2018-and-beyond "Link: https://www.kunocreative.com/blog/digital-marketing-in-2018-and-beyond"), claims ComScore.
Offering video content helps turn what could
be a pushy and person-intensive sales process into a self-service nurturing
pipeline. Interested prospects can view video content hosted on websites or
shared via social to learn more about products and features. As they educate
themselves, they move towards the end of the sales funnel with minimal
person-to-person contact.
Self-guided lead nurturing not only reduces
employee overhead, it also results in a more pleasant experience for leads. 19%
of prospects claim they only want to hear from a company rep when they are
actively considering a purchase. 40% of prospects want to be able to buy without talking to anyone at all.
Meeting this need involves considering how video
assets can provide value at every stage of the sales/marketing funnel.
For instance, business owners can cultivate
awareness by creating emotional or intriguing video advertising assets.
Video content marketing assets provided on
their website next to text content can help buyers at the nurturing stage.
In-depth explainer videos can help lay out different buying options or the
final steps in the procurement process for those ready to close the deal.
“When you incorporate video into your sales
processes, customers get what they want: a frictionless, self-serve experience
on their time, and on their terms,” says WireBuzz.
Think about buyer needs that were once
traditionally met with person-to-person interactions and imagine how video can
replace these needs with a self-service, video-heavy customer journey.
Websites Expand Use of Product and Explainer Videos
Vamping off the point above, even retail
consumers expect video content during their sales journey.
According to Business2Community, “25% of consumers will
lose interest in your brand if you don’t have a video explaining your product
or service.”
If you sell retail goods online or even
exclusively in-store, your customers will want to see live demonstrations and
rundowns of product features.
For a good example of how you can showcase
product videos on your ecommerce or business website, take a look at RevZilla. They include a video summary with
most new products and all of their best sellers to keep buyers informed and
engaged.
Live Video, 360° Video, Slideshows and Other Video Formats Gain Traction
Live video presents an easy, low-budget and
low-concept way to create more video content for audiences. Brands can engage
with audiences in a way that feels authentic and like a 1:1 conversation.
Peppering live video into your content
marketing and social engagement strategy can therefore quickly round out your
assets without a massive up-front investment.
On the other end of the spectrum is 360°
video. These assets use a special camera setup to capture a full spherical
range of images. Audiences can then use a smartphone headset like the [Google\\
Daydream](https://vr.google.com/daydream/standalonevr/)
to tilt and move their head as the video plays, changing
their viewpoint as one might in real life.
360° video results in a truly immersive and
memorable experience. But the high cost of equipment and production means
businesses require an airtight strategy for converting 360° videos into
measurable returns.
Somewhere in between live video and 360° are
alternative video formats:
●
Slideshow video — A series of
connected images played in a sequence to convey motion or a story
●6-second video — Taking a page
from the Vine format, these short videos communicate messages quicker than text
and in a more-engaging way than static images
Formats like these lower production costs for
video — especially video ads — while still providing higher levels of
engagement. Best of all, they can communicate well even without sound.
Since 85% of Facebook videos are watched without sound,
slideshow and short-form video assets provide substantial returns with a
relatively minimal investment.
In 2018, Video Marketing Trends Will Define Small Business Success
If 2017 was a year of pioneering growth for video, 2018 will be the year people expect business owners to give their video marketing campaigns some structure.
By using the above trends in combination with intelligent strategy and dutiful measurement of KPIs, business owners can bring in bigger audiences than ever before.