The Data Digest: The Power Of Video

Videos are definitely one of the strongest forms of media in our society nowadays, and there are 48 hours of video uploaded on YouTube per minute: from consumers sharing their creative expressions to companies uploading how-to videos about their products and brands.

These videos help many people in their purchasing process. My colleague recently had to shop for a car, and it’s been interesting to hear about her car shopping journey and how online videos helped her make the ultimate decision. She was interested in one specific car — the 2012 Ford Focus with the Sync with MyFord Touch comes as standard package. The challenge she, and Ford for that matter, encountered was that the majority of car salespeople aren’t that tech-savvy. While they are familiar with the horsepower and the smart-key entry feature, they really struggle to explain how to turn the car into a Wi-Fi hub or how the Sync system can read incoming text messages.

Trying to learn about every available optional feature, my colleague had to turn to the Internet for help. She was able to find demo videos on the Ford Focus website, on YouTube, as well as on her cable TV widgets. These online videos, produced by Ford, auto review sites, as well as tech-savvy online peers, really helped her understand how the optional features of this new product will enhance her ultimate driving experience. Forrester’s Technographics® data shows that videos created by other people are the most watched online type of video:

My colleague’s experience is backed up by a recent Forrester report, ”Using Online Video To Drive Clicks And Conversion,” from my colleague Martin Gill that shows that video is driving real benefits for retailers who have integrated it into their eCommerce experience. The key, as Martin says, is integration: "Of course it isn’t as simple as sticking a few videos on your existing dot-com site and hey presto, conversion rates skyrocket. Video needs to support the sales process in a way that makes sense to your customers, that supports your brand values, and that enhances the shopping experience."

Comments

Great article. As a video

Great article. As a video production company we're very aware of the power of video. We use the following link as one of our biggest selling points http://www.liquidproductions.co.uk/1240/the-power-of-video Bounce rates from our homepage plummeted from 30-40% to 3% because we put a video on the front page. We love showing clients this as it proves that videos can and will keep people on their websites longer and will make them look around.

http://www.liquidproductions.co.uk/1240/the-power-of-video