5 Studies That Demonstrate The Effectiveness Of Video Marketing
To savvy marketers, a quality explainer video is a no-brainer.
There’s a tonne of data out there that qualifies the conversion potential of animation and the impact it can make on your bottom line.
However, we understand that marketing isn’t everyone’s day-in day-out focus!
So we’ve put together some of the best data around to help show you that an explainer video is no longer a “nice to have”. It’s mandatory for any business that considers themselves modern and innovative.
Let’s look at the hard, cold, scientific facts …
Animation brings better conversion rates
The word ‘conversion’ is enough to get us marketers frothing at the mouth, so why not start with the big guns.
Unbounce – one of the web’s most well-known optimisation specialist companies – ran some comprehensive tests with a number of its clients.
They found that most reported conversion rate improvements by 20%! That’s a 20% improvement on your bottom line just by implementing an explainer video.
You can check out the full study conducted here:
Explainer videos bring the highest ROI
This huge conversion rate increase doesn’t just mean more profits, it also means that your explainer video pays for itself faster than other marketing assets.
The Adobe digital marketing blog claims that over 51% of marketers believe video to be their best-performing asset when it comes to ROI. This is because, the study finds, shoppers are 1.81% more likely to purchase when they watch the video than when they don’t.
Video is taking over traffic
Analyses of traffic streams online show a massive push towards video consumption.
Cisco’s Visual Networking white paper estimates that IP video will account for 82% of internet traffic by 2020. This figure is up from 72% in 2015 and is an extremely strong indicator that video is fast becoming the preferred method for media consumption on the internet.
If you’re not publishing any form of video content, you could find yourself struggling to compete with the companies that are.
Explainer videos are better for retention
Your customers are only ever going to buy into your value propositions as far as they can remember what they are.
For this reason, retention is one of the most important things to consider when choosing the format of your marketing materials. Fortunately, video has you covered in the retention department.
An Open University study of 221 students found that only 11 had a preference for linguistic learning styles. Of those studied, nearly 50% were visual learners with the rest showing no preference for learning styles.
Video provides optimally for all three learning groups, whilst text only provides for one.
Video holds attention
You can’t market to a customer that’s bounced (fancy marketing term for someone who has left your website); it’s essential to keep them engaged, and preferably entertained, whilst delivering your message.
Video does this better than any other medium, with MarTech reporting that video content extending attention spans from 8 seconds up to 2 minutes on average.
We hope that’s given you some useful facts and figures to satiate the logical mind!
Oh, and in the spirit of always over-delivering … here’s 5 more of our all-time favour video marketing studies:
Want to see some examples of how our clients are using Animated Explainer Videos?