In: Economics
The use of videos as part of your marketing effort can be very effective. What are 3 key strategies you need to include to ensure the successful use of video in your overall marketing plan?
Video marketing is the talk of the town in digital marketing right now and rightly so. An effective video strategy has proven to drive higher engagement rates on social media, higher conversions rates in ecommerce and increased brand awareness online via YouTube video ads.
1: Establish your goals- Firstly, you need to establish the “why” of your video marketing effort. This will be the foundation from which you build your video strategy. Determine between 1-3 specific goals you want to achieve with your video campaigns. Perhaps you would like to improve the click through rate of your ads online? Or you are seeking to increase the amount of foot traffic to your physical store? Maybe you want to use video SEO to improve how you rank organically within the search results? It is important to set appropriate goals and KPIs so you can measure them later and gauge the success of your video campaigns.
2: Identify your content requirements
This steps requires some self-reflection. How much decent video content do you already have? And what gaps or opportunities do you have within video? Carefully consider your user journey during this step: are you meeting the needs of your consumer at each milestone along their journey with your brand? Take note, if you are not offering the content your buyers need at the right moment, chances are they will be on to the next competitor without a second thought for you. So what questions do they need answering, and do you currently have the content to support those micro-moments?
3: Explore all opportunities
Based on the data and information you gathered in Step 2, decipher which type of video will fulfill each gap to maintain that relationship with your consumer. Maybe it is a “How to” video, a video testimonial, webinar or product demo. Link each video in your funnel to the goals and KPIs discussed in Step 1 to ensure all the elements of your campaign tie together.
4: Understanding your channels
Each channel will deliver upon different goals, so understanding what each channel has to offer is vital to your success. For example, Facebook video will help to increase brand awareness and engagement on the social platform; however, YouTube acts as a huge signal to Google in terms of video SEO.
4: Targeting- Both YouTube and Facebook offer sophisticated targeting. YouTube has everything that the mighty Google has to offer in terms of data on customers, and Facebook brags an enormous amount of interest-based information.
5. Viewing behavior- You can learn a lot about your audience by their viewing behavior, and luckily for marketers, video comes with an enormous amount of data. You can track how much video a viewer watches, where they skip the video and what they re-watch. You can understand which topics they enjoy the most and which videos are flops. This data can become apart of your measurements for success.