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Video marketing: a statistical review
Regardless of the size of your business, it would be best if you were using video content to draw in more customers.
You could choose to include explainer videos, case studies, vlogs, tutorials, video testimonials, product reviews, live streams, and even video ads.
Just as the use of social media is on the rise, so is video marketing.
Are you still having doubts?
Here are some statistics to show you why your marketing strategy should include video content.
More than Half of the Consumers Would Love Video Content From Their Brand or Company of Choice
54% of consumers want to see more video content from a brand or business they support.
A HubSpot marketing survey that included about 3,000 respondents showed that 54% of the consumers consistently preferred video marketing from the brands they support.
Video ContentMarketers have been debating whether video marketing is a passing fleet or is here to stay.
The study, however, revealed that many of the respondents would pay more attention to videos than they would to text or audio content.
Video content is a preference, especially for millennials, and marketers whose audience consists of people in this age gap should leverage the opportunity.
If your target audience comprises of baby boomers and older consumers, you are better off using email marketing for your business.
What Percentage of Internet Users Watch Video Content?
85% of all internet users in the Australians watched online video content monthly on any of their devices.
If you are still not convinced that you should be using video content, then perhaps 85% of internet users in the AUS will help you decide.
This percentage reflects those who watch online videos monthly.
Users between the ages of 18-24 spend an average of 83 minutes each week watching online videos, while those between 50-64 spent 36 minutes.
Most users will turn to YouTube, which makes the site rank first among entertainment and video sites.
What Is the Main Purpose of Videos in Marketing Campaigns?
72% of people involved in video marketing say they use videos to raise brand awareness.
Also, 66% of respondents use videos to generate sales.
What Is the Effect of Video Content for Business?
Using video marketing could boost your leads by 66% annually.
The primary aim of any marketing strategy is to bring in quality leads that can quickly turn into paying customers.
Marketers who have employed videos in their strategy report 66% more qualified leads each year.
Returning customers are usually responsible for a massive chunk of a business’s profits.
Tiger Fitness reported a 60% returning rate after incorporating video content into the marketing strategy.
Will Videos on Social Media Help You Land New Customers?
93% of marketers say they’ve landed a new customer because of a video on social media.
When choosing to use video content, you will also need to decide where to put the videos. Sure, you could have them on your website.
But, research shows that social media platforms may be the best way to go.
93% of marketers landed a new client, thanks to a video on social media.
If you are looking to boost your customers through videos on social media, then you should target Facebook, YouTube, and Instagram, which are the most popular platforms among consumers.
How Much Time Internet Users Spend Watching Online Videos?
Internet users spend close to 7 hours each week watching online videos.
A study sampling 4500 respondents from nine countries, including the UK and the US, revealed that internet users spend 6 hours 48 minutes watching online videos each week.
These respondents view a variety of online videos, with movies being the most popular content.
The growing popularity of online videos is slowly eradicating traditional broadcast viewing.
TV viewing dropped by 10% from the previous year.
How Many Youtube Users Are There?
Youtube has 2+ billion users which is almost 1/3 of the internet population.
If you are planning to use video marketing for your business, then you need to get your videos on YouTube.
The platform enjoys a viewership of more than 2 billion monthly users.
These users also account for 1/3 of the internet population.
The daily number of active users on the platform is 30 million.
These users watch 250 million hours daily.
Regardless of the scope of your business, you are likely to get impressive leads from posting your videos on this platform.
88% of Video Marketers Are Satisfied With the ROI of Their Video Marketing Efforts on Social Media
If you haven’t started it yet, you are probably wondering if video marketing will be worth it.
Will you get the desired results, or will you just end up losing your investment?
Most internet marketers steer away from video content because of the costs involved. Sure, creating video content for your marketing is an expensive affair.
But, 88% of video marketers recorded satisfaction with the ROI derived from their social media videos.
Therefore, if you do everything correctly, you are likely going to like the outcome.
83% of Video Marketers Say Videos Have Helped Them Generate Leads
For every marketing strategy, there are primary goals to be met.
These goals vary, depending on the type of business, operation period, and other deciding factors.
One of the primary marketing goals for any business is to bring in prospective customers.
For 83% of marketers, using videos in their marketing campaigns has helped them generate leads.
80% said that the videos helped to increase sales, while 95% of video marketers attributed the videos to better user understanding of their products or services.
Watching a Product Video Convinced 74% of People to Download an App or Software
So, what do the buyers and consumers feel about video marketing?
74% of people were convinced to buy or download an app or software after watching a video on the same.
This compares to 84% who purchased a product or service after watching a brand’s video, and 96% who have watched an explainer video.
Most people would like to learn about your products or services through a short video.
Therefore, have this in mind before you decide to make a sales call, which will only appeal to 2% of the people.
Video Marketing Statistics – Verdict
Using visuals in marketing could never go wrong.
But, now it seems like video marketing is quickly becoming the way to go.
A short video will capture the consumer’s attention and provide all the details they need within a short time.
Therefore, you should consider using video marketing as a crucial element of your marketing strategy.
Video marketing comes with some hefty bills attached.
But, as you can see from the numbers, you are going to love the returns.
So, why don’t you implement it for your business?