Video's not dead - in fact, it's live
From live streaming and autoplay to reviews and the unboxing phenomenon, the rise of video as a marketing tool has been unstoppable in the last year – and the trend looks set to continue.
When it comes to product reviews, there’s arguably no better way to communicate the benefits of a product or service than for prospective customers to hear them come from someone else’s mouth. The world seems to agree:
77% of UK shoppers consult reviews before buying online, and
according to Google’s own research video is the way to do it, with views of product review videos growing 50% year on year.
User-generated video content is a valuable element of digital commerce, but brands should also be creating their own video content to promote awareness and engagement. Helpful videos like product demonstrations and FAQ sessions, which are designed to help the viewer make a choice when they’re close to the point of purchase, have been shown to positively influence consumer behaviour. And video advertising is increasingly successful, too: a recent Google study of more than eight hundred YouTube advertising campaigns revealed that 65% of campaigns see a significant lift in brand interest after viewers watch their ad on YouTube.
The concept of live streaming, meanwhile, has been around for years - remember Sandi Thom’s ‘basement gigs’ back in 2006? Live streaming has seen slow adoption over the years, limited by inadequate technology and internet speed. In the last year, though, the phenomenon has exploded in popularity, with the launch of Facebook Live taking instant video away from specialist platforms like Periscope and bringing it to the mainstream. The viral ‘
Chewbacca Mom’ video cemented Facebook Live’s reputation, and live streaming has gone from strength to strength since.
It’s taken a little longer for brands to get the best out of live streaming, but
there’s plenty of evidence to indicate it delivers great results. Any kind of live broadcast is always risky when there’s a brand reputation at stake, but many businesses have now used the platform with great success – just the other day, Channel 4 and Cancer Research UK broadcast
Britain’s first live TV advert: a bowel cancer patient undergoing a colonoscopy. Perhaps a little gruesome, but we can’t deny it was effective…
From a Partners perspective, we’ve already started encouraging some of our clients to branch into video to promote their products and services.