With the new year here new trends for marketing have also arrived! Although one of the biggest trends for social media marketing is the continued popularity of short videos as content.
According to research by Wyzowl, 99% of marketers who are currently using videos as their main source of content are planning to continue this strategy in the future. This is likely because of the great engagement and increased likelihood of purchase that video content is shown to gain for businesses! It was also found by Wyzowl that 89% of marketers who use video feel that they get a good return on investment from their video content. An investment that is projected to reach $12.66 billion by 2024!
Research conducted by PR Newswire found that in 2021 the average US consumer will have 9.5 video streaming apps installed on their smartphone. One of the most popular new apps for video streaming being TikTok, the 60 second or less video platform! This app is a major hub of content for younger generations, and they are known to use it as a platform to make recommendations to their peers! Research conducted by Econsultancy in 2020 showed that consumers arriving to a website based off of user-generated video content are 184% more likely to make a purchase.
Since the disruption of COVID-19, 7 out of 10 event organizers have moved their scheduled in-person events to online platforms through the use of video streaming. A trend which nearly half of the event organizers expect to continue for the near future! COVID-19 also lead to the increase in popularity of online education. Electronic Learning, or e-learning, grew by 36.3% in 2020 which is also expected to increase in 2021.
This increase can also be used as a marketing advantage, as more people grow accustom to learning through videos online then likewise marketers can use videos in a similar manner! Meaning marketers can use videos to demonstrate how their product works or how their service is performed to education and persuade customers to choose them.
Since COVID-19 has limited the amount of personal interact between business owners and customers this is also a great way to introduce yourself! Video marketing can be used to not only showcase the product/service but also the people behind the business in order to create a connection and increase trust in your business!
Some broad categories of video content include:
- Product Demonstration- Showcase your product and all of its features
- Company Culture video- Showcase your company’s values and the overall environment you foster
- Behind- the- scenes- Showcase how your product is produced or packaged or showcase how you perform a service for the customer!
- Customer Testimonial – Showcase a satisfied customer and their experience with your company!
We would love to help you strategize your next marketing campaign! We are a full-service advertising agency located in Anderson, South Carolina specializing in social media marketing, print marketing, promotional marketing, website and logo design as well as direct mail marketing.