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8 Reasons for an Online Business to Invest in Video Marketing

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8 Reasons for an Online Business to Invest in Video Marketing

Fighting for the precious time and focus of customers is harder and harder every year as an ever-growing avalanche of content is shrinking the attention span. Audiences are getting used to being spammed, bombarded by ads, clickbait titles, becoming immune to “special offers”, fear of missing out, and other tricks.

In this shifting field of online content, video marketing is becoming a more and more important tool, not only in sense of advertising, but also in establishing contact with the audience, building trust, and making sure your online business can grow.

#1 Video Marketing is the present and the future

If the content is the King, then the video content is the king of kings. The years of pandemic and lockdown have only accelerated the trend of video content taking over the digital space. Along with Netflix and YouTube, Twitch has emerged as another video-content giant.

Facebook is losing its audience, as Millenials and Gen Z switches to video-oriented platforms, first Instagram, now TikTok. The future of video marketing is already here. More than 80% of all internet content is video.

Growing your online business, you simply don’t want to be fighting for the remaining 20% of the internet traffic. Video marketing is the space where you will meet your audiences, investors, clients, communities.

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#2 Videos drive traffic

The audience for video content is simply put – huge. Video marketing statistics report that there are 245 million digital video viewers in the US alone. And those are numbers from 2020! In the population between the ages of 12 and 24, more than 96% of users are consuming video content.

Very interesting stats connect live videos with sales. Not only live videos are already at more than 20% of all the video content, but consumers report 65-85% more readiness to buy a product of a company that has live video on their webpage.

If you are worried about live streaming, OneStream Live Spaces helps your online business by hosting and scheduling live streams directly on your page, or social media platform of your choice. And if you prefer to go with real-time streaming, it’s as easy as setting up your broadcasting software and selecting streaming destinations from the OneStream dashboard.

#3 Videos help with SEO rankings

How do you conduct your research? Google, right? The same goes for your audience. Customers are looking for info, products, and services using Google’s search. That’s why SEO is still one of the most important activities when it comes to online presence, and it will remain so in the future.

Guess what, videos rank in search results from 2007. Google’s rankings take hundreds of different factors, but other than keyword relevancy, backlinks, on-page optimization, and domain authority, videos have their own rules that can boost your page’s ranking.

And yes, you have an online business to run, so instead of delving into the Google-mancy and trying to decipher the arcane mysteries of Google’s SEO rankings, you can partner up with experts like Shrushti. Simply placing any kind of video is not a game-changer, but when coupled with technical SEO and link building, YouTube optimization, and SERP features, you could be seeing your online business on the front page of the internet.

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#4 Sharing your vision with the customers

Videos engage the audiences. Videos build trust. Among the best content for an upcoming online business can be ‘explainer video’. The audience loves learning how things are done, how your service works.

You can even turn a product roadmap into a video, as roadmaps can be powerful communication tools. To reinforce your product vision and offer clarity on your online business goals and priorities, videos are a powerful tool to share the vision.

#5 Videos as part of customer’s journey

Speaking of the vision and impact of videos, they can be powerful tools for onboarding clients. The customer journey can be made more engaging through the use of videos. Considering that videos are consumed mostly on mobile devices, it makes sense to make them your primary communication channel. If you didn’t design your customer journey yet, or if you are expanding outside of your marketing segment, there are enterprise-sales solutions that can help your online business.

#6 Videos have great ROI

While the production of videos once upon a time was not the cheapest task, the breakthroughs in video editing tools made it possible to create decent videos even using smartphones. Stats are once more showing top numbers, as 83% of businesses report good return on investment. A video is like a cake, even when it’s not the best, it’s still quite good!

Oh, and if you are not a videographer expert, or your online business is not harboring such talents in-house, there are plenty of branded content agencies that can help you bring your vision to the compact and impactful video format.

#7 Video increases conversions

Why do you do branding? To convert clients. Experience from even the most traditional businesses, like restaurants, has shown that with restaurant video marketing there is a huge impact. Brick and mortar businesses like restaurants have managed to increase clickthrough rates by adding video to e-mails by 300%.

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Videos on a landing page can increase conversion by 80% or more, due to the fact that 90% of the information from the video is retained, compared to just 10% of the information from text.

#8 Social media loves video

Facebook, Instagram, YouTube, TikTok. Every social media platform insists on videos. It is not only obvious in the way video content is prominently displayed, but also in the virality of the video content. Simply put, a video is seven times more frequently shared than any other link on Facebook.

People share emotions. If the content is entertaining, share comes naturally to users. The same goes for branded content. Emotionally charged, creative videos can go very viral. That’s why video marketing on social media channels is huge and is going to stay that way.

Social media is very mobile-friendly, and smartphones are in everyone’s hands, so it is no wonder 90% of consumers watch videos on their mobile devices.

Conclusion

Video marketing is going places. It is affordable, it shows great return on investment. Habits of modern users play into the strengths of video as advertising, a tool for communication, a way to connect users to your brand and get the biggest exposure.

Making video a cornerstone of your content strategy is no longer debatable. It simply makes sense, as the overwhelming majority of the action is on mobile devices, where video content is the norm. Whether you want to use video ads, live streaming, or carefully tailor your content to each broadcasting platform, you should definitely invest in video marketing to grow and nurture your online business.

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MARKETING

Trends in Content Localization – Moz

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Trends in Content Localization - Moz

Multinational fast food chains are one of the best-known examples of recognizing that product menus may sometimes have to change significantly to serve distinct audiences. The above video is just a short run-through of the same business selling smokehouse burgers, kofta, paneer, and rice bowls in an effort to appeal to people in a variety of places. I can’t personally judge the validity of these representations, but what I can see is that, in such cases, you don’t merely localize your content but the products on which your content is founded.

Sometimes, even the branding of businesses is different around the world; what we call Burger King in America is Hungry Jack’s in Australia, Lays potato chips here are Sabritas in Mexico, and DiGiorno frozen pizza is familiar in the US, but Canada knows it as Delissio.

Tales of product tailoring failures often become famous, likely because some of them may seem humorous from a distance, but cultural sensitivity should always be taken seriously. If a brand you are marketing is on its way to becoming a large global seller, the best insurance against reputation damage and revenue loss as a result of cultural insensitivity is to employ regional and cultural experts whose first-hand and lived experiences can steward the organization in acting with awareness and respect.

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How AI Is Redefining Startup GTM Strategy

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How AI Is Redefining Startup GTM Strategy

AI and startups? It just makes sense.

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MARKETING

More promotions and more layoffs

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More promotions and more layoffs

For martech professionals salaries are good and promotions are coming faster, unfortunately, layoffs are coming faster, too. That’s according to the just-released 2024 Martech Salary and Career Survey. Another very unfortunate finding: The median salary of women below the C-suite level is 35% less than what men earn.

The last year saw many different economic trends, some at odds with each other. Although unemployment remained very low overall and the economy grew, some businesses — especially those in technology and media — cut both jobs and spending. Reasons cited for the cuts include during the early years of the pandemic, higher interest rates and corporate greed.

Dig deeper: How to overcome marketing budget cuts and hiring freezes

Be that as it may, for the employed it remains a good time to be a martech professional. Salaries remain lucrative compared to many other professions, with an overall median salary of $128,643. 

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Here are the median salaries by role:

  • Senior management $199,653
  • Director $157,776
  • Manager $99,510
  • Staff $89,126

Senior managers make more than twice what staff make. Directors and up had a $163,395 median salary compared to manager/staff roles, where the median was $94,818.

One-third of those surveyed said they were promoted in the last 12 months, a finding that was nearly equal among director+ (32%) and managers and staff (30%). 

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Extend the time frame to two years, and nearly three-quarters of director+ respondents say they received a promotion, while the same can be said for two-thirds of manager and staff respondents.

Dig deeper: Skills-based hiring for modern marketing teams

Employee turnover 

In 2023, we asked survey respondents if they noticed an increase in employee churn and whether they would classify that churn as a “moderate” or “significant” increase. For 2024, given the attention on cost reductions and layoffs, we asked if the churn they witnessed was “voluntary” (e.g., people leaving for another role) or “involuntary” (e.g., a layoff or dismissal). More than half of the marketing technology professionals said churn increased in the last year. Nearly one-third classified most of the churn as “involuntary.”

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Men and Women

Screenshot 2024 03 21 124540Screenshot 2024 03 21 124540

This year, instead of using average salary figures, we used the median figures to lessen the impact of outliers in the salary data. As a result, the gap between salaries for men and women is even more glaring than it was previously.

In last year’s report, men earned an average of 24% more than women. This year the median salary of men is 35% more than the median salary of women. That is until you get to the upper echelons. Women at director and up earned 5% more than men.

Methodology

The 2024 MarTech Salary and Career Survey is a joint project of MarTech.org and chiefmartec.com. We surveyed 305 marketers between December 2023 and February 2024; 297 of those provided salary information. Nearly 63% (191) of respondents live in North America; 16% (50) live in Western Europe. The conclusions in this report are limited to responses from those individuals only. Other regions were excluded due to the limited number of respondents. 

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Download your copy of the 2024 MarTech Salary and Career Survey here. No registration is required.

Get MarTech! Daily. Free. In your inbox.

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