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The changing face of the corporate video production industry.

July 2, 2011 By Jimm Fox 5 Comments

Technology has had a dramatic effect on the video production industry over the last 5 years. A few years ago video production was a highly specialized service that required very expensive equipment. Today anyone can pick up some cheap equipment and start making videos. At the same time many businesses are starting to embrace video, primarily on the web, as a means of reaching their audiences with engaging and persuasive new content. It’s both the perfect storm and the perfect opportunity for providers and purchasers of corporate video production services.

I am often asked about the state industry – how it’s changing, where it’s going, so I created this brief summary of how I see the industry evolving.  The numbers are my own – based on observation, research and discussions with other video productions companies.

Level 1. Equipment Owners
(Trend – Growing number of providers, resulting in both new opportunities and risks for businesses).

For under $5,000 you can pick up an HD camera, a cheap three point lighting system, audio equipment, computer and software to edit the video and just like that, you are now a video production services supplier.  It may take you a few weeks or months to get the hang of it but eventually you’ll be able to produce some decent video: Simple point and shoot projects, talking heads and perhaps even a corporate overview. Most new entrants will start by providing free or virtually free services and most will exit the industry in under a year realizing that, in spite of hype, it’s difficult to make a full time living in video production. We’re bound to see a lot of churn over the next few years.  This trend is not new to the creative services industry. We’ve seen the same thing with photography and graphic design. When anyone and everyone can provide services the market has difficulty in discerning value and as a result, there is bound to be a fair degree of uncertainty and disappointment in the marketplace. Who benefits? – the businesses who find capable low cost video production suppliers and the video equipment manufactures. Those suppliers with both perseverance and talent will evolve to the next level:

Level 2. Experienced Videographers.
(Trend – numbers are growing but the capabilities of this group are also changing quickly)

The two principle distinctions with this group are 1. Experience and  2. They are usually one person businesses. Whatever their legal business structure (i.e. sole proprietor or incorporated business) this group have been shooting for a while – both for their own clients and also doing freelance work for larger video production companies. Some of these guys (over 90% are male for some reason….) specialize in weddings or events and some do mostly corporate work. The big change for this group is that they are doing more now than ever. They are having to sell and promote themselves in different ways. They are being squeezed by the equipment owners on price but they are also competing for the first time with the larger video production companies. It’s okay today if you are a one man band. It didn’t use to be -  primarily because it was very difficult (and expensive) to do it all. Today you can. Many videographers used to be just shooters, either because they didn’t want to do editing or they didn’t want to appear to be competing with their principle source of income -  the next group in the food chain – the video production companies. {Interestingly, you are also seeing video production companies downsizing to three, two or one man operations working from home – again, because the market and technology allow this to happen and also because the ongoing cost pressures demand it.}

Level 3. (Pure) Video Production Companies.
(Trend – this group is experiencing the most pain, the numbers of these providers are shrinking)

The traditional video production companies (two or more staff and lots of experience) are getting squeezed from both ends. They are seeing tremendous price pressure and are not able to sustain the same high rates that used to comfortably pay their overhead. Big studios, lot’s of expensive equipment, layers of management and admin are all luxuries that few production companies can afford today. Most people in this group started in video – doing sound, doing lighting, etc. The entrepreneurs eventually started their own production houses. Having experience isn’t enough, however. Sure, the market will still pay for experience – but what it will pay is a moving (lower) target. The other challenge this group is facing is that they are seeing people with other talents and backgrounds (i.e ad agencies, marketing consultancies, online media companies, etc) jump into the fray. The traditional video production companies will argue that these new entrants don’t have the required video production skills but the reality is that the market places more value on ideas and application than on technical competency. Shaky camera, focus hunting, imperfect lighting and a litany of other video transgressions are not only acceptable today, they are sometimes preferred. New entrants often shape a market in strange and wonderful ways…

Having great video production skills today are becoming table stakes for higher end productions. The next level is application – what do you do with the video.

Level 4. Value-added Corporate Video Production.
(Trend – this group will grow quickly over the next few years)

The ‘value’ in the video production industry used to be in the expensive equipment and the experience in using it. A few years ago ‘corporate video’ meant either a TV commercial or a ten minute video containing a whack of superfluous motion graphics. The number and uses of video are growing faster than anyone can keep track of (here are 51 different types of video being used by businesses today).

The value today is in how you apply video to your market, not in how you make the video. As such, there are a number of new market entrants to video production who are not only creating video but coming up with new ways to apply that video to specific business objectives. Social media, interactive video and mobile video are all examples of purpose-built content to solve a specific business problem. One size doesn’t fit all. You will start to see video production companies specialize in the creation and delivery (creating the video is only the first step) of video. You will also start to see video production companies specialize in certain types of video (like HR or PR) as vertical knowledge will become more important than general video production knowledge. As such, you are seeing either new hybrid companies with marketing or social media capabilities enter the video production industry of you are seeing very tight collaborations (sometimes evolving into new business entities) between creative or marketing agencies with video production companies. Ultimately all of these companies are trying to get to the top of the food chain:

Level 5. Regional Market Leader
(Trend – No change here, every region has a couple of leaders)

By ‘Market Leader’ I don’t mean “Our firm is a Market Leader that provides leading edge expertise in…”  Anyone can lay claim to leadership but there are only a couple of true leaders in every market. The leaders command the big budgets. They are the regional go-to companies for the biggest brands or government agencies. Every services company looks to become the leader for one reason (O.K…. probably more than one): Market Leaders command the largest budgets on jobs – and that means not having to compromise and that also means having the greatest latitude to do the best work. Sure, everyone is being asked to do more with less – but more is better.  These guys are easy to find. Their body of work speaks for itself. The reason they got to where they are will (most likely) be the reason they will also be able to adapt to new trends and changes in the video production industry.

Technology has had a tremendous impact on the corporate video production industry. That said, you still tend to get what you pay for ( you just get more now…)

Filed Under: Corporate Video Production, General, Managing Video Projects, Online Video Industry, The Future of Corporate Video Tagged With:

51 ways to use web video to help your business grow

January 3, 2011 By Jimm Fox 28 Comments

video wall


As bandwidth increases and video production costs continue to decrease businesses are beginning to adopt video as a primary method of communicating with their customers and prospects. In-house or outsourced, video is quickly becoming a marketer’s media tool of choice for two reasons: video is engaging and, more importantly, video is persuasive. Here are some of the ways that businesses are using video to help improve their bottom line:

Customer Reference Videos

1.  Customer Testimonials (Popularity: Moderate  | Growth Potential: High)
Nothing is more compelling than seeing and hearing your customer (ideally in their own environment) extol the virtues of your products and services or explaining how your company helped them to achieve their business goals. These videos usually run from fifteen second snippets to a minute and are typically combined with or used to support other marketing material.

2. Success Stories (Popularity: Moderate  | Growth Potential: High)
Similar to a customer testimonial these videos run between one and two minutes and follow an interview format where the person on screen answers questions posed by an interviewer just off-camera. These videos are usually delivered as stand-alone marketing support materials and are often grouped with other customer success stories.

3. Video Case Study (Popularity: Low  | Growth Potential: Moderate)
A video case study combines customer testimonials with more a more in-depth explanation of how your company’s products and services helped your customer be successful. These case studies usually incorporate two voices – a narrator and the voice of your customer and can run anywhere from two to five minutes. The video structure follows the same “Problem, Solution, Benefit” format found in a printed case study and usually include b-roll or other supporting text and video.

4. Man-in-the-street Interviews (Popularity: Low  | Growth Potential: Moderate)
These videos are typically done to promote events and to build buzz around coming events but can also be employed to capture ‘spontaneous’ responses to targeted questions that help promote your product or service or to help differentiate the benefits of your brand compared to the real or imagined problems associated with your competitors. Consumer focused companies such as soft drink manufacturers, phone companies and fast food companies often use this video format in advertising but you are starting to see this type of video appear as a stand-alone promotion on business websites or YouTube business channels.  Sometimes these videos are genuine. Sometimes they are completely staged. ‘Authenticity’ is, in some sense, becoming a style…

5. Customer Presentations. (Popularity: Low  | Growth Potential: Low)
If one of your customers is presenting at a conference, trade show or event or even in your offices and is talking about your products or services either directly with you or indirectly as part of a larger discussion this may be a perfect opportunity to capture the presentation of video (with permission, of course) to re-purpose on your website and intranet.

Product and Service Promotion

6. Product Presentations (Popularity: Moderate  | Growth Potential: High)
Product (or service) presentation videos are typically employed early in the buying cycle. Product or service presentations focus on benefits and talk from your customer’s perspective. They should speak clearly to how your product solves a specific business, personal or economic problem that your prospect is experiencing. They are used to help your customers and prospects differentiate between the benefits of your products and services to those of your competitors.

7. Product Demonstrations (Popularity: Moderate  | Growth Potential: High)
Product demos show how your product works and highlight the features that differentiate it from that of your competitors. Software screen captures, a 3D cut-away, or a high impact demo by a presenter are all excellent ways of showing how your product or service works. These videos are typically used to influence a prospect who is relatively far along in the sales cycle. In technology marketing these videos would be targeted at the technical approvers who need to understand how something works. In consumer marketing these would be targeted at the economic buyers of larger ticket items who may be further along the sales process.

8. Product Reviews (Popularity: Low  | Growth Potential: Moderate)
The best product reviews are trusted third party reviews. Video reviews can be found anywhere from YouTube to various business portals. To the extent they are positive and promote your brand, they should be referenced. You can also partner with trusted third parties to create product reviews for your own products.

9. Visual Stories (Popularity: Moderate  | Growth Potential: High)
Quickly rising in popularity, visual stories employ illustrations, animations and motion graphics with a voice-over to explain complex products or services in a simple and compelling manner. These are sometime referred to as ‘explainers’ and are usually between one and three minutes in length. A new version of this tool, used primarily for entertainment, are websites that offer predefined characters and backgrounds that you can both animate and add an automated voice to (sort of like building your own Second Life commercials). You will begin to see many new hosted services offering customizable cloud-based animation modeling options – some good and some quite awful.

Corporate Video

10. Corporate Overview (Popularity: High  | Growth Potential: moderate)
These videos are the video equivalent of the ‘company brochure’ for small companies – intended to give new visitors to a website a better idea of the company. Corporate overview videos typically company history, key products, executives/owners and other top level business info. As the cost of video production continues to decrease and the popularity of video increases you will start to see these videos being replaced by multiple, more targeted video.

11. Executive Presentations (Popularity: Low  | Growth Potential: Moderate)
Whether you are preparing for a quarterly update, responding to a major event in your industry or making a regularly scheduled presentation there is great value in presenting the “face” and “voice” of your leadership team to all of your constituents.

12. Staff Presentations (Popularity: Low  | Growth Potential: Moderate)
Social media and other Web 2.0 trends have caused companies to reconsider how they communicate with external audiences. Your senior leadership team should not be the first and only consideration to represent your company. It is becoming more imperative to consider showcasing the people that drive the day-to-day operations of your company. Customer service representatives, technical experts and legacy workers are all valuable considerations for this new category of corporate video. Surveys show that there is more trust associated with these employees than with senior management. When you are selling to influencers in organizations (versus economic buyers or decision makers) it is especially important you represent your company with people that your customers and prospects can relate to.

13. Corporate facilities or equipment tour (Popularity: Low  | Growth Potential: Low)
Ten years ago corporate facility videos and equipment tours were popular. Down-sizing, off-shoring, outsourcing, a couple of recessions and a hollowing out of North America’s manufacturing base has change the priorities placed on these videos. Uniqueness is key to success here. That said, it’s really not about you and your stuff any more – it’s about how you can solve your customers problems.

14. Annual Report / Review (Popularity: Low  | Growth Potential: Low)
Public companies are legally obliged to create annual and quarterly reviews. As well, larger privately held companies also create their own quarterly and annual reviews. As print continues to fall out of favor video will either supplement or replace these materials.

15. Video Signature and Video Introduction (Popularity: Low  | Growth Potential: Moderate)
Social media sites like LinkedIn and Facebook are just starting to enter into the corporate culture even though they have been part of the social culture for years. Other social sites like web-based dating services are now commonplace. Video is becoming a key component in how you ‘sell’ yourself, in your private life… and in business. A video signature is a video (either embedded or direct link to video) that is in the signature portion of your email. Introductory videos serve the same purpose – to give people who don’t know you a better idea about who your are.

Training

16. Training (Popularity: Moderate  | Growth Potential: High)
Corporate video first gained prominence with training (service, support, sales, personal development etc.) and continues to be one of the best uses of video. Online Video is a cost effective substitute for in-class training. You can also easily integrate video into online training management tools.

17. Overnight expert videos (Sales Support)  (Popularity: Low  | Growth Potential: Moderate)
If you serve a large geographic area or sell through channels then it is well worth the effort to put together short ‘overnight expert’ sales support videos that highlight the key selling points, features, benefits, objection handling and follow-up issues to consider by your direct or channel sales force.

18. Just-in-time learning (‘How-to’ Videos)  (Popularity:Moderate  | Growth Potential: High)
Contextual training videos are becoming very popular on the web. ‘How-to’ videos, video manuals, on-site video reference, quick assembly demos, and other types of video are being used to supplement or replace traditional training. Mobile video will increase the popularity of this type of video.

Customer Support

19. Post sale support and maintenance videos (Popularity: Low  | Growth Potential: Moderate)
No one reads manuals. You can save thousands of dollars of post sale support by creating informative assembly, installation and maintenance videos for your products and services.

20. Website FAQ Video (Popularity: Low  | Growth Potential: Moderate)
In certain formats video can be a suitable replacement for text where an authoritative voice, support materials or other visual references are required. A list of FAQ’s answered by a company expert is an example.

21. Live, two-way video (i.e. Apple’s FaceTime or Skype)
I believe an interesting application for mobile computing and video is going to evolve around the ability to incorporate live and recorded video into the customer support process. Imagine being able to show someone the problem you are having with their product rather than trying to describe it or send them a photo. Showing someone the problem is just the beginning. Getting a step-by-step video response with someone talking you through the solution – live… that’s the holy grail of customer support. Most companies will dismiss this as too expensive. Other companies, like Apple, will integrate these types of services into their entire brand experience.

Internal Communications

22. Internal Communications (Popularity: Low  | Growth Potential: Moderate)
In larger companies few people have the time or interest to understand what other groups or functions within the company do or even why they exist. Internal videos that highlight business plans, new business activities and achievements can improve knowledge transfer and lead to more effective communications. They are also a great way to show off your local heroes. These videos can be either live or recorded and are typically used in larger more geographically dispersed companies. As employees continue to work from home these videos will become more important.

23. Event/Conference and Trade Show Communications. (Popularity: Low  | Growth Potential: Low)
Most companies spend a disproportionate amount of their marketing budget on attending and participating in a variety of industry events and yet only a very small percentage of employees ever benefit from these activities. Share the knowledge gained at these events by capturing the presentations, demos, interviews, commentaries etc. on video.

24. Employee orientation (Popularity: Low  | Growth Potential: Moderate)
Once your new recruits are on board employee orientation videos are a great way to get new staff up to speed. Company history, structure, procedures, policies and codes of behavior can all be communicated effectively with video.

25. Health, Legal & Safety (Popularity: Low  | Growth Potential: Moderate)
The cost of dealing with health and safety related issues within organizations continues to grow. Video is one of the most effective means of minimizing these costs.

Advertising , Marketing  and Promotion

26. Commercials (Popularity: High  | Growth Potential: High)
While advertisers are becoming more selective in how they chose to spend their promotional dollars with broadcast television, other venues for commercials such as online video pre-roll, online sponsorships, in-game advertising, event sponsorships and in-theatre advertising are starting to take the place of broadcast / cable commercials. A proliferation of video screens cropping up on every building, device and structure will create an even more diverse set of advertising opportunities. The challenge will be to create specialized content targeted to ever- shrinking niche audiences.

27. Viral Video (Popularity: High  | Growth Potential: High)
A video is viral if it is so compelling that people want to share it. (Calling a video ‘Viral’ doesn’t make it so). Viral videos have to be extremely engaging, entertaining, shocking or meaningful to be successful. Unfortunately some of the most successful viral videos have little connection (and therefore value) to any brand. Everyone references ‘Will it Blend’ but very few viral videos are remotely this successful in actually driving sales. Viral video is very difficult to do well.

28. Email Video (Popularity: Moderate  | Growth Potential: High)
Testing has shown that open rates can double if you include video in your email marketing activities. To be effective the video should be purpose-built to elicit a specific conversion activity such as requesting a demo, more info, etc. E-mail is seeing a resurgence with marketers and embedded video in emails (like gmail supports) or links to video in email is becoming very popular.

29. Infomercials (Popularity: High  | Growth Potential: Moderate)
Infomercials have been around forever. While they continue to be the primary focus of web-based parody videos they have remained remarkably resilient over time. The shopping channel is, in effect, a 24 hour infomercial. If done well, Infomercials can be very effective at selling certain consumer products.

30.  Content Marketing (Popularity: Low  | Growth Potential: Huge)
This is a broad category that will become very important over the next months and years. Much of the content (video or otherwise) being created today by companies is focused on selling and focused on the brand. Focusing on solving your customers problems first and then associating your brand with those solutions will be increasingly more important and effective. (i.e. Home Depot has developed branded ‘how-to’ series that sits on their website and shows their customers how-to fix various things around the house. ) What knowledge do you have that can help your customers and prospects. People don’t go to your website to see your sales pitch. They go to see if you can solve their problem.

31. Landing pages and micro sites (Popularity: Moderate  | Growth Potential: High)
Video is beginning to replace or supplement text and graphics as a content element on many corporate websites. Landing pages can offer a more compelling call to action with video. Some micro sites on larger web properties are self contained, purpose-built conversion machines that have the singular purpose of generating a conversion activity (sign-up for more info, attend event, order something etc.). Video is becoming an important part of the conversion process.

32. Interactive Video (Popularity: Low  | Growth Potential: High)
The promise of interactive video has been around for years but we’re just starting to see companies build in interactivity into their videos. You can build in calls to action, form fields, multiple scenarios and any number of engaging content that get people to not just passively watch your video but actually gets them to start to interact with your video. Technology will play a huge role in interactive video over the next few years. You can already see the foundations of this with YouTube allowing you to add annotations and links to videos.

33. Branded Entertainment and Sponsored Video (Popularity:Moderate  | Growth Potential:Moderate)
Viral Video in many ways is just branded entertainment. There are many ways companies can benefit from having their names attached to content. In the ’50 the ‘soaps’ were a great way for P&G and other consumer companies to promote their brand. Everyday there is a new format for sponsored video being created for delivery on the web. Many will fail but some will become hugely popular. Associating your brand with the right entertainment and informational content on the web is a very interesting opportunity.

PR Support and Community Relations

34. Video Press Releases (Popularity: Low  | Growth Potential: High)
The standard four paragraph press release is now being supplemented with video and rich media to tell a more engaging story. Video is now being purpose-built to directly support the important company announcements. The new challenge for press releases is to change the focus from the company to the customer.

35.  PR Support Materials (Popularity: Low  | Growth Potential: Moderate)

Make it easy for networks, bloggers, news gathers and others to promote your business and also to talk about your industry. Smart companies are developing video support catalogs of company and industry related materials (b-roll, industry footage, sound bites etc) and offering them to news and business portals. The demand for video is everywhere. If a news agency (online or broadcast) is looking for stock footage to use in a story it might as well be yours. (assuming the story is positive, of course)

36. Community Relations Video (Popularity: Low  | Growth Potential: Moderate)
If your company is out working in the community, being good corporate citizens, helping the environment or contributing to important causes you should be capturing those efforts on video. Show the world what you are doing, don’t just talk about it.

37. Corporate Talk Show / Interviews (Popularity: Low  | Growth Potential: Moderate)
Weekly newsletters require a lot of effort and the ‘open’ rate on most of these is quite low. Companies of all sizes are now starting to develop talk-show format video where a host interviews various people (either internal or external to their company) to discuss things that are important to your audience. Think of it as the long tail of interviews where very specific interviews are being delivered to very specific audiences.

38. EPK (electronic press kit)  (Popularity: Low  | Growth Potential: Moderate)
While EPK’s are still being delivered on DVD, web based video and text are quickly replacing this electronic version of the press kit which became popular in the mid 90′s.

Event Video

39. Event Presentation video (Popularity: Low  | Growth Potential: Moderate)
Events represent a unique confluence of expertise and opportunity – often under-leveraged. Trade Shows, meeting and conferences are usually attended by your top sales people, your corporate executives, industry experts and other influential business people. If you are speaking at an event or someone is referencing your company you should be capturing this valuable content on video.

40. Round table Sessions (Popularity: Low  | Growth Potential: Moderate)
Take the opportunity at an event to corral four to six of your best customers and other industry experts, put them in room and video tape them talking about industry trends, business issues and the future of your industry. This content will be the most valuable content you could ever capture.

41. Q&A Expert sessions. (Popularity: Low  | Growth Potential: Moderate)
There are many opportunities to take specific event participants to the side and take them through informal Q&A sessions on various topics that matter to your customers. This content is valuable lead generation content.

Other Uses of Video

42. Recruitment Videos (Popularity: Low  | Growth Potential: Moderate)
Finding the best employees is the single most important function of any company and yet comparatively small amounts of time and money are allocated to this critical task. Recruitment videos that feature company employees, highlight corporate culture and promote the direction of the company can be very influential.

43. VLOG (Popularity: Moderate  | Growth Potential:Moderate)
There are many levels and types of Vloggers today but for the sake of brevity I will identify two: 1. Pro Vloggers who have engaging styles, rich content and a growing list of followers who promote their vlog on their site and through various syndicated channels and 2. Regular Vloggers who have chosen, for whatever reason, to speak into a camera instead of typing on a keyboard. The problem today is that, unlike onscreen text, you can’t scan a vlog – you have to watch the whole thing to see whether it is worth your time. The other problem is that most people just aren’t that compelling on camera so there is little, to no value of a talking head – and often it’s a distraction. Of course everyone references Gary Vaynerchuck (from Wine Library TV) as the rule (rather than the exception) for video blogging in the same way that everyone references the success of Will It Blend as being what to expect when you launch your first viral video project. For individuals looking to gain notoriety from their passions vlogging can be a good option if you have a good on-camera presence and great content.

44. In Store Video (Popularity: Low  | Growth Potential: High)
Wal-Mart has its own profitable in-store TV network that makes shoppers aware of new promotions. LCD screens are ubiquitous. In store LCD’s will be networked and customizable offering you the ability to promote your own goods and services or make money by promoting other complimentary services.

45. Company Lobby / Waiting Room Video (Popularity: Low  | Growth Potential: Moderate)
HD video screens are popping up everywhere – why not in your lobby or reception where you can get a jump start on first impressions and also take advantage of a captive audience.

46. Mobile Video (Popularity: Low  | Growth Potential: Huge)
Yep, ‘there’s an Ap for that’. Mobile video will soon be the largest video category outside of broadcast. In the short-run, mobile video will consist of hastily re-purposed video made to fit on a mobile device. It will quickly evolve into a much more specific format – i.e.  five to fifteen second hyper targeted messages that are part of geo-located (‘location aware’) and micro-niched promotions. Adding mobility (true context) to video will generate many new uses and formats for video.

47. Market research, focus groups and polling (Popularity: Low  | Growth Potential: Moderate)
Market research firms are now capturing the anecdotal feedback along with the raw statistics of their research. If a picture is worth a thousand words then a video of your customer describing her likes and dislikes of your new product is priceless. Go to YouTube to see how people are describing your products and services.

48. Video White paper (Popularity: Low  | Growth Potential: Low)
Video white papers have evolved over the last years from basically a person reading a white paper on camera (what’s the point) to a professional delivery that is accompanied by charts, graphs and other visual references to make the presentation more valuable.

49. Video Magazine (Popularity: Low  | Growth Potential: Low)
Some video production companies specialize in helping companies deliver serialized video content to their customers. Like the name implies video content is created on a regular basis (usually monthly) that customers and prospects can view through a subscription service. While it makes sense to apply tradition formats to new technology and ideas, not all ideas transfer as elegantly as others.

50. Customer UCG Campaigns (Popularity: Low  | Growth Potential:Moderate)
User Generated Content Campaigns- where customers are encouraged to upload videos showing how they use your products are becoming quite popular. Contests are usually the driver but sometimes just giving customers a forum to express themselves is enough.

51. Behind the Scenes Video (Popularity: Low  | Growth Potential:Low)
Personalize your brand. Open up the cultural veil and let customers and products understand who you are – a group of humans rather than a ‘brand’. Authenticity is important.

Have I left any out? Let me know.

 

Bonus Applications:

52. Projection Mapping. Like everything else related to video, the costs of projecting video is dropping quickly. As a result you are starting to see innovative applications of projected video. Here are some great examples: http://econsultancy.com/us/blog/7676-16-mind-blowing-examples-of-big-brand-projection-mapping?utm_medium=email&utm_source=newsletter

Filed Under: Content Marketing, General, Marketing with Video, Resources, The Effect of Video on Your Brand, The Future of Corporate Video, Video Marketing, video production Tagged With: , , ,

7 Habits of Highly Effective Video Marketing

August 3, 2010 By Jimm Fox 5 Comments


7 Habits of Highly Effective Video Marketing

Video is now on every marketer’s to do list. Why? Because web video and rich media engages, persuades and motivates like no other marketing tool. In deference to Mr. Covey I present seven ideas that if done well will help make your next video successful:

1. Tell a good story.
Sure it sounds simple, even trite, but good storytelling is just as important to video marketing and advertising as it is to film making. Stories have a beginning, a middle and an end. They make us think. They make us feel. If told well, they inspire us.

At the heart of any good story is an emotional appeal – it may be subtle or it may be dramatic, but without that emotional connection, the story is quickly forgotten.

A good story has some or all of the following attributes:
Good stories don’t appeal to everyone – your story should be targeted to the people that you are most interested in communicating with. (These are also the people most likely to socialize your story) - if you try to appeal to everyone, you might end up appealing to no one. (B2N)
Good stories resonate – they are familiar and strike a chord with the audience because they can relate to the story being told. Have you tested your video idea with selected members of  your target  audience before you start production? If not, why not?
Good stories are credible – the story teller, the content and the outcome of the story have to work together and all have to be believable, trusted – your audience can see through the lies (the hype and the exaggeration).
Good stories are usually simple – they can be grand tales or ripping yarns but in the end the best stories have a simple outcome and a simple message. Keep the razzle to a minimum and forget the dazzle.

The goal should always be to create engaging presentations that tell a good story. What’s your story?

2. Show them, don’t tell them.
A video of someone using your product and extolling it’s virtues is far more powerful (and credible) than animated text or a series of photos.  Educators and trainers have long known that the true benefit of video is that it generates much higher retention rates because it engages more than one of the senses at the same time. Retention rates can triple when what you hear is being reinforced by what you see. That doesn’t mean a talking head is necessarily more engaging than an audio podcast or a brochure ‐ you still have to present compelling content that engages your audience.
The ability to show your customers how your product works, how it solves their problems and how it is used by others is where video marketing is unsurpassed as a vehicle to engage and persuade your audience. A page by page walk-through of your software interface may be helpful – but it doesn’t demonstrate to prospects the benefits of your product or how it fits into their processes or business cycles. It’s not about you or your product or service – it’s about how your product or service can help solve your customers problem. Show your customers exactly how your product or service  solves their problem! (this is especially important in the early stages of the buying cycle.)
Video, animation and interactive flash programming can build compelling visual examples of exactly how your products work and why they solve your customers’ problems.
• Testimonials are more compelling when you see and hear a customer talk about their experience with your product.
• Case studies are more engaging when you can actually see how a customer integrates your product in to their process and how your product measurably improves your customer’s bottom line.
• Product demos are far more powerful when you illustrate (i.e. using video or  information graphics ) exactly how your patented process works and benefits your customers.
The power of video and rich media is in its ability to demonstrate the tangible benefits that a product or service can offer.

3. Choose your words very carefully.
There are many important components that go into creating an effective video: Using the right equipment, the proper location, 0n-screen presenters, motion graphics, and music are all critical components to the creation of engaging communications tools. None of these however, are more important than the script (either a formal script or at least speaking points that summarize what should be mentioned in the video.)

Some things to consider when developing a script or on-screen talking points outline:
•Do you understand the key issues affecting your industry?
•What are the top three messages that you have to communicate?
• Are you clearly outlining the benefits that will best resonate with your target audience?
•Are you speaking your customer’s language?

The script is the ‘what’ in the video development process. Everything else is the ‘how’. Far too many corporate videos simply focus on the ‘how’. It is critical that the video development company you engage has expertise in marketing writing and positioning. Style won’t count for much if your message doesn’t resonate with your audience. Deciding on the right thing to say is always more important than how that information is ultimately presented.

Unscripted doesn’t mean unstructured.‘ Spontaneous’,  unscripted videos are becoming more commonplace on the internet as this type of presentation provides a natural tone and authenticity that resonates well with viewers. This doesn’t mean a lot of effort and planning doesn’t go into what questions are asked, how people on-camera respond and how the final product is edited. Even if a formal script is not developed, the business objective, structure and desired outcome of the video should all be considered and coordinated during the pre‐ and post‐production stages. You should never start a video project without knowing EXACTLY what you want the video to communicate.

4. Build‐in Interaction (and ultimately, conversion).
The more interaction you can build into the experience the more engaged the viewer is with your brand. Interest, engagement and interaction should be the goals of web-based video . “Click here to…” is a good start. What do you want the viewer to do when they have finished watching your web video? How deep do you want to take your viewer in
an interactive presentation? Here is a short list of options to include when building your online presentations:
•Click here to find out more about this service
• Click here to read a white paper on this topic
• Click here to watch a related presentation
• Fill out a quick survey to discover if you are qualified for this promotion
• Take a quick poll to see how you stack up in the market
• Click here to have a technical expert answer your questions
• Please help us improve our communications by rating this presentation
• Sign up now for our weekly industry update
Conversion is the goal. Whatever your conversion mechanism is you want your customers and prospects to take the next step.

5. Chose the right format, structure  and style of video.
Abraham Maslow’s quote, ‘If the only tool you have is a hammer – every problem looks like a nail’ applies well to video marketing. The number of web marketing service providers is growing. Many of these specialize in one specific format: ”business animation and information graphics” or ”only photo–based flash presentations.” Some proclaim that their presentation time limit (2 minutes, 3 minutes, 4 minutes, etc.) is “the right one for the web” or that “their platform is the only way to be truly effective”. Of course none of them are necessarily right… or wrong. Every business problem is unique and there is a multitude of rich media tools and methods to solve your important communications problems. Consider alternative approaches and formats before committing.

The term ‘corporate video’ made sense ten years ago when most corporate videos were the same. Today there are  many different ways (here are 42 examples) you can use video to promote your brand.

6. Consider the only perspective that matters: Your Customer’s.
It’s not about you or your product. There are lots of  companies just like yours and frankly, it’s getting tougher to tell them apart. Posting canned videos of your executives or beauty shots of your facilities to your website won’t move the dial. And unless you are Apple or Victoria’s Secret no one is really that interested in your product. They are only interested in the comfort, status, utility or pleasure that your product conveys. These are the things that you need to be promoting. Like any purpose-built marketing material, your web video  should be developed with a single goal in mind: How do I communicate my companies understanding of, and solutions to, my customers’ problems.

7. Define business objectives (and outcomes) first.
As the use of web‐based video grows in popularity it’s important to remember that video marketing is a means to end, not an end in itself. There are far too many marketing articles that discuss how to get video up on your website without ever mentioning why.
Indeed, a well produced video is one of the most persuasive marketing tools available and building interactive presentations is a great way to engage your audience. But putting an unprepared executive in front of a camera, re-purposing old corporate presentations or having some guys from the mail-room put together a ‘viral’ video won’t bear fruit. Worse yet, bad video is even harder to ignore than bad print material.
Consider the following when planning to implement video on your website:
• At what stage of the buying cycle are you targeting your prospects? I.e. Product presentations (that highlight benefits – the customer’s perspective) are more appropriate during the consideration phase. Product demos (that highlight features – your perspective) are more helpful during the comparison phase.
• Who is your audience? If your answer is “…well, everyone really” you’re probably wasting your money. The vast majority of YouTube viewers are not your audience. There is a considerable difference between ‘views’ and ‘targeted views.’ Creating one broadly focused web video might add value but you should also consider breaking your web video into discreet pieces that speak to specific audiences. Successful marketing always starts with targeting.
• What are the measurable business outcomes? How do you measure success? You should be able to quantify the business value by measuring click‐thru’s, registrations, time spent watching the presentation or some other objective business metric.

Filed Under: General, Managing Video Projects, Resources, Starting a Video Project Tagged With: , ,

Sears employs online video to supercharge it’s online and in-store retail

September 1, 2009 By Jimm Fox 1 Comment

new selina

My 14 year old thinks Sears is cool. So does my 82 year old father. Go figure.

Sears launched a major marketing initiative this summer called  Arrival Lounge to highlight to it’s younger target audience that you shouldn’t just go back to school – you should ‘arrive’ back to school- suitably attired in Sears back-to-school fashions. Sears hired Disney Channel celebrity Selina Gomez to lead the marketing program which is centered around it’s arrivelounge.com website. The site includes music, celebrities, dancing, backstage passes, coupons, behind-the-scenes features, air-band contests and high quality video production. Sears has done all of the requisite cross-promotions with social media sites like YouTube and Facebook and has also developed tie-in programs with MTV. The program has been a huge success for the company.

What makes this campaign particularly interesting is the company’s use of web-based video. Sears has comfortably broken a couple of web-video barriers (launching music on the site without asking and also playing full screen – albeit lower res -  video) and seem to be employing a video first and ‘text as support’ approach which until now has been the other way around. Video has traditionally been used as support for the text that appears on a website.

While it certainly makes sense that retail establishments targeting younger demographics would lead the integration of video marketing into websites this isn’t the beginning of the end, it’s the simply the end of the beginning (it made more sense when Churchill said it…). What we are seeing with sites like this is a glimpse beyond the ‘text web’ – the integration of broadcast media and rich media programming into what until now has been a static content delivery environment. Sears isn’t the first company to take this approach but given their history and positioning in the marketplace it is a significant departure from it’s traditional marketing activities.

The short term consequence will be a surge in rich media web video production – a lot of it quite awful (remember the first websites) and unfortunately will favor those with traditionally larger marketing budgets. That said, the clever use of social media channels could turn out to be the great equalizer between large and smaller companies.

Filed Under: General, The Future of Corporate Video, Video Marketing, video production Tagged With: , ,

Channel creates more video (film) art to promote their brand

May 21, 2009 By Jimm Fox Leave a Comment

 

When you own a premium brand you have to spend premium dollars to support it.

Channel has just released their newest commercial / mini-movie and as before, have done a wonderful job. Last time it was Nicole Kidman in a three minute short film (or a three minute long commercial). This time around Audrey Tautou – one of France’s national treasures – graces the screen for Channel. North Americans might remember her as ‘Amelie’ in one of the few French films to get theatre time back in 2001. The Director of that film – Jean-Pierre Jeunet directs this commercial and was given a free hand in creating Channel’s newest filmette. Naturally he cast his favourite actress (it didn’t hurt that Tautou is also playing Coco Channel in the recently released film ’Coco Avant Channel’ in France) in the lead role.

The story (not that it matters a whit) centres around a chance encounter on a train to Istanbul. Tautou spends the remaining two minutes waiting and hoping to hook up with the handsome stranger. A sudden romance on a night train to an exotic destination – ya, it`s cliche. Romance and mystery and the promise of adventure – that`s what you buy when you drop $100 or more for a little bottle of purfume – the promise of something exciting. That`s exactly what Channel is selling, and they are quite good at it.

You have to give Jeunet top marks for his direction. He spared no expense (watch `the making of` to see what kind of coin they dropped on this little video) at creating some asbolutely stunning sequences. He`s come a long way since his last big North American film - he directed the last Alien film (I think it was called Alien Abomination). Like the perfume Jeunet is selling, this video won`t be for everyone  but for those who it targets, he hits the mark perfectly.

Filed Under: Content Marketing, Corporate Video Examples, General, Marketing with Video, The Effect of Video on Your Brand, Video Marketing, YouTube Video Tagged With: , , , ,

4 Reasons to shoot corporate video in Full HD.

December 2, 2008 By Jimm Fox 2 Comments

There are many different cameras and many video formats at the disposal of video production companies: DV, Digital Betacam, DVCAM, DVCPRO, HD, P2, XDCAM, Red and even film (16 or 35mm if the budget allows).

Full HD (1920x1080p) is becoming the new high-end standard for corporate video production. Cameras like Panasonic’s P2 series or Sony’s EX1 series are capable of shooting at the highest resolutions and outputting directly to disc – which allows for much more efficient workflow. These cameras rival or surpass the quality of broadcast ENG cameras. Fully tricked-out with proper mikes and lens you’re probably looking at an outlay of $12,000 or more. But if you are looking for high quality input (and output) and want to make sure your video will still be usable tomorrow, using a camera that shoots full HD is your best option.

I shoot almost exclusively with the Sony EX1 for many reasons:
1. Quality. Attaining high quality footage is the best and most obvious reason to shoot in full HD. Whether you are shooting for a 480×270 web video or for a large HD plasma display at an event, there is no substitute for the quality that a high-end camera produces. In IT circles the expression ‘garbage in, garbage out” relates to the quality of output being determined by the quality of the input. The same holds true for video. Even if you are compressing your full HD footage down to a small web video format the final quality is still determined by the starting quality. Keying out backgrounds, colour correction, zooming in edit mode and many other post production activities are directly affected by the quality of the original video.
2. Flexibility. HD is ‘future proof’ (today). You can repurpose and re-use your full HD footage for a variety of uses such as trade shows, broadcast, and the web and still plan on incorporating it into future productions and formats. Video formats change quickly so having the highest quality footage allows you the most flexibility and re-use options in the future.
3. Standards. Full HD is becoming the standard (16×9 aspect ratio full 1920x1080p) for Corporate Video. Large companies are starting to specifically ask for this format and mid-sized and smaller companies will follow suit. Ericsson even claims that its mobile phone cameras will shoot in HD video in 2012!
4. Ecosystems – A corollary of the quality and standard argument is that ecosystems evolve to support the standards and the higher quality formats because of the larger scale associated with the standard and the higher profits associated with the higher quality. Camera equipment, editing software, storage devices and a host of other support products and services will evolve around the high end HD standards like Sony’s EX1 and the Panasonic P2.

Filed Under: Managing Video Projects Tagged With: , , , , , , , ,