web video for conversion and engagement

23
Jesse Buckley Director, Media Production @jessebuckley

Upload: jesse-buckley

Post on 19-Jul-2015

96 views

Category:

Business


5 download

TRANSCRIPT

Page 1: Web Video for Conversion and Engagement

Jesse Buckley

Director, Media Production

@jessebuckley

Page 2: Web Video for Conversion and Engagement

Early Days

Rob Walker, Inc. Magazine Aug 1

2004

Page 3: Web Video for Conversion and Engagement

Enterprise implementation: part of the founding team at The Grommet, launching 1000’s of Maker Stories; video is integral to our daily launches

Page 4: Web Video for Conversion and Engagement

• Every launch has a video produced in-house• Many CPG verticals: kitchen, toys, problem solvers, fashion…• Founder content is the heart of the story, video can function as a how-to as well as sharing the “Aha” moment

Page 5: Web Video for Conversion and Engagement

The foundation of a good video experience.

“The presence of video can increase the AOV by about 50%...About 88% of brands said their conversion rates increased when video was placed on product pages”

-- MediaPost 1.28.2015

Page 6: Web Video for Conversion and Engagement

Tips

• What is effective today may not be tomorrow – it’s competition for eyeballs and attention. Adopt a “Permanent Beta” approach.

• Know you audience, have an authentic voice, be willing to experiment (but also be reliable).

• The Grommet content strategy is unique in our positioning of video at the conversion point for our customers.

• It’s a community (customer)-building tool, an information gathering touchpoint for Makers, and we have the authority of a third party - which allows us the flexibility to act as brand journalists and champions, and to give personal testimonials as well as product demonstrations.

Page 7: Web Video for Conversion and Engagement

Tell a personal story with relevant content

NOT “We got that broll”

Keeping it Real

“Your videos are GREAT. They explain the product SO much better than just having a picture and a written description!” -- survey response

Page 8: Web Video for Conversion and Engagement

Measuring Success – KPIs and ROI

Page 9: Web Video for Conversion and Engagement

There are many tips on creating an inspirational story arc vs. aspirational content that makes

people feel inferior without your product.

“Where once our great stories called us to adventure, higher values and citizenship, most of our current myths play on fear, insecurity and an

endless need to passively consume.”-Winning The Story Wars

What’s Your Motivation?

Page 10: Web Video for Conversion and Engagement

“in a world of zero marginal cost, being trusted is the single most urgent way to build a business. [Trusted content is] relevant, it isn’t greedy, and it doesn’t trick people. If the recipient knew what the sender knows, would she still be happy? If the answer to that question is yes, then it’s likely it’s going to build trust.”

- Seth Godin

Increasing Social Currency

Page 11: Web Video for Conversion and Engagement

Be comfortable letting your content go into the wild

Page 12: Web Video for Conversion and Engagement

Creating an effective video

Millions of dollars are spent on TV advertisements (they can cost more per second than Hollywood movies).

This bias can make the cost of entry prohibitively high (both psychologically and technologically).

Yet the process is relatively simple, and the cost per video can be pretty low.

Page 13: Web Video for Conversion and Engagement

The most important thing is to start, at whatever scale and budget you can afford.

“Every Company is a Media CompanyEC = MC”But don’t make media about yourself.

-Tom Foremski(founder of SNCR, awarded Grommet in 2009)

Media as a Service

Page 14: Web Video for Conversion and Engagement

Our process is deeply collaborative, crossing internal company verticals – (yes even my boss!) To keep the production efficient (and keep costs down) get the storytellers as close to the source of the story as possible

Page 15: Web Video for Conversion and Engagement

The 5 P’s: Proper Planning Prevents Poor Performance

3. Playback & Hosting: YT vs Others- ID the cost of doing business (bandwidth)- Assess the amount of control you’re comfortable with- Consider advanced programming potential (HTML-5 shopping

APIs)- SEO strategy (don’t forget the meta data) = long tail of content marketing

4. A/B testing & Segmenting- a/b testing requires significant sample size and increased

production work (x2 at least)- Easier to segment content to appropriate audience- Depends on the scale of your operation and its sophistication

Page 16: Web Video for Conversion and Engagement

• YOY Growth on YT is one of our

strongest social media

performers

• great for long tail brand building

(YT owned by Google, evergreen

search integrity)

BUT…

• low conversion rate from YT

Channel – the challenge is to keep

them on your site

YT Pros and Cons

Page 17: Web Video for Conversion and Engagement

Testing and Analytics

Page 18: Web Video for Conversion and Engagement

Video hosting analytics gives you a quick lens into demographics and engagement – ideally these should inform your content strategy.

Waka WakaLaunched 1/10/13

Page 19: Web Video for Conversion and Engagement

Engagement and Affinity

Page 20: Web Video for Conversion and Engagement

Working with Freelance Producers

“In addition to having a deeper interest in your marketing strategy, a great in-house videographer spends time educating people about the video process and helping to get everyone more involved.”- Wistia.com/blog

However,sometimes specialists can do a better job than the staff.

Page 21: Web Video for Conversion and Engagement

Video communicates emotion more than

any other medium, people feel like they get to

know you, which translates to knowing the brand – and they get clarity before their purchase, one of the biggest stumbling blocks in ecommerce. With clarity comes fewer returns and more loyalty --which translates into a higher LTV & more likelihood that customers will share your brand story, decreasing CAC as well.

Page 22: Web Video for Conversion and Engagement
Page 23: Web Video for Conversion and Engagement

QUESTIONS?

Twitter@jessebuckley

Instagram@jesse0matic