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Today I want to talk about the recent report released
by Experian Hitwise (www.hitwise.com/uk) which focuses on the massive growth
trend of online video and how it can bring social media to life (24th
October 2011). The purpose of the report was 3 fold, firstly to
provide an introduction to online video; secondly to describe the growth of the
industry and thirdly to demonstrate how businesses can use video successfully
as a core part of their digital marketing strategy.
All of us at LittleVoice media were very excited
with the findings as it reinforces what we have been saying to our customers about
how important online video actually is and how it can drive traffic to your
website. But the most striking thing
about the report is just how much online video remains an untapped tool by most
brands and businesses.
For us the report highlighted 10 key points
- UK
internet visits to online video sites grew by 36% in the last year (Sep 2010 to
Sept 2011) with massive growth in both professional video and user-generated
content
- YouTube
is the biggest online video website and the 3rd largest website in
the UK, after Google and Facebook
- YouTube
accounts for nearly 70% of all visits to video websites from the UK Internet
population
- YouTube
is the 3rd largest source of traffic for all websites in the UK
- The
average visit time to YouTube was 20 minutes in September 2011
- UK
internet users are avid consumers of content across the 3 sectors of social
media, entertainment and news. As we
always say at LittleVoice Media “Content is king!”
- Online
video significantly increases a business’s online traffic
- In
June 2011, 9% of video searches were for topical news, while viral video
accounted for 5%
- The
remaining 9% of searches fell under the ‘Other’ videos category, which included
product demonstrations, educational videos and all other requests.
- The
interesting statistic to emerge out of the ‘Other’ category was that 3% of all
video search terms contained the words ‘How to’
The report also provided case studies of how big
brands have used online video in a very effective manner. Domino’s successfully used online video in
April 2009 to turn around a highly volatile and negative situation to reassure
and inform their consumers. British
Airways similarly used online video to diffuse situations with their recent
crew strikes and snow disruptions.
With so many new ways of communicating on the
internet, it is important that brands and businesses monitor, listen, learn and
engage with their target audience.
Online video is a valuable tool to respond and engage quickly and
effectively.
Releasing video content online is another way to
reinforce existing TV campaigns as seen by Viking Direct and Old Spice. Viking Direct increased its online traffic by
6 times after hosting its video advert on YouTube, in May 2010 and in July 2010;
Old Spice received over 22 Million views of its ‘Smell like a Man’ video on
YouTube. Actually, as I am compiling
this blog M&S and John Lewis have both just uploaded their Christmas 2011
advert on YouTube. So by using online video it can: - Optimise
and build brand awareness
- Drive
traffic to your website and is 6 times more likely to convert your web visitors
into paying customers
- Allows
you to demonstrate your product and services and educate your customer
- Attract
a completely new audience.
- Increase
visibility plus your website is 50 times more likely to be ranked on the first page
of search engines such as Google
In conclusion, we agree with the Experian Hitwise
report and hope that some of the statistics will convince you that online video
is a must have in today’s market place. Online video represents an important medium in
distributing interesting and informative content to your customers. As
faster broadband is rolled out, the internet population will increasingly demand
online video. Brands and businesses risk missing out on a
powerful new way of engaging with their target audience by ignoring this
evolving medium.
If
you are thinking of online video marketing then please contact us to discuss your
needs.
Contact details: www.littlevoicemedia.com or phone 01306 740 877 or email
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