engagement

The Dominance of Video Marketing for Business

As video continues its quick rise it has become the most engaged with and preferred type of content for consumers. Marketers have taken notice and are quickly pivoting their content efforts accordingly. A new study by Magisto reports that video marketing has already eclipsed all other content types and is now a $135 billion industry. To put that into perspective, the report shares that advertisers in 2017 “expect to spend $83 billion on digital ads and $71 billion on TV commercials.” 84 percent of marketers created more video in 2017, with 60 percent of businesses having video marketing that accounts for more than 25 percent of their marketing budget.  

Why is video so dominant as content? According to the study, “Done correctly, video has the scale of television, the precision of digital marketing and the power of authentic story. Businesses are using video to distribute their messages in ways that contribute real value to the attention economy…”  

Consumers prefer video content. Just look at the most popular websites – namely social media platforms such as Facebook and Instagram. Video content dominates consumers’ newsfeeds because that’s the type of content that Facebook sees is most engaged with. But don’t think this is all about social media. Magisto shares that by noon Pacific time every day, 120 billion emails are sent and 35 million photos uploaded to Instagram.  

Consumers are voting by their actions as far as the type of content they prefer — time spent on web pages with video averaged 7 minutes and 21 seconds. While time spent on pages without video was only 2 minutes and 48 seconds, according to a study by Wistia, which analyzed consumer behavior on the top 100 websites.  

Why is time on site important? The longer a consumer spends on your site, the more likely they are to convert. In fact, having video on a web page can increase conversion by up to 80 percent, making online shoppers being almost twice as likely to buy from that business! 

 Video content should not be something you are “considering.” That time has passed. It’s now only a matter of what kinds of video should be produced, and how your dealership should use it with your customers. Engaging consumers is the number one way to increase interest and steer them towards your dealership and away from the competition. Of course, if your competition is using video and you aren’t, chances are they are already taking away sales from you.   

Video marketing is not hard, nor is it expensive, it just needs to get done. It’s no longer whether you should be doing video, it is how much is it costing you NOT to? 

Can You Hear Me Now?

Engaging video needs to be quality video. Whether you’re making it with an iPhone, or a $10,000 camera, it’s important to make sure that a viewer (or viewers) can clearly make out what is being recorded. As personalized video and social media content such as Facebook Live are becoming increasingly popular, there’s one thing many aspiring video marketers fail to consider… 

Sound quality. 

The fact is, it doesn’t matter how expensive (or inexpensive) your video equipment is, almost all tend to lack microphones that are of sufficient quality to really isolate the speaker. Think about it. When you’re doing a video walkaround for a customer, consider all the challenges you face. You’re probably doing it on the dealership’s lot, which means all sorts of background noise is going on: other customers; people paging each other; service department noise; weather-related noise (like wind); and, since most dealerships are roadside, you probably have some traffic noise too. All of these background sounds can easily affect the sound quality of the video and make it difficult for a customer to hear you clearly, which makes the video less engaging –despite how great the video quality may be.  

 The same issues can arise with personalized email videos, or any type of video content. Your showroom isn’t going to go silent just because you want to record a personalized video email to a customer. It just won’t! There are phones ringing, salespeople talking, customers milling about, perhaps kids in the service waiting area, or even background music playing. All of these things can also affect the overall quality of the video and detract from the professionalism you wish to present to your customer.  

 My advice is to invest in a great microphone. Regardless of the equipment you use to make the video, there are many choices for external microphones that will work with it and it doesn’t have to be expensive. By simply adding an external microphone to your smartphone, DSLR or video camera, you can greatly increase the clarity and engagement of your video. Nothing is worse than creating a super video only to find out later that some car horn in the background, or other noise, interferes with your voice.  

If you’re the type that makes videos on your own (i.e.: selfie video emails or walk arounds), then a simple corded lapel microphone should be sufficient to adequately capture your voice and minimize ambient noise, while not interfering with your video production. If you have someone filming you, whether that’s with a smartphone or DSLR, consider upgrading to a wireless lapel microphone. This allows the camera to be further back, hides microphone wires and minimizes ambient noise, while nicely capturing your voice.  

Go ahead and keep making those videos. People love watching them… but they also want to hear what you’re saying. Follow this advice and you’ll find that your video quality increases and your audience is more engaged. 

Video Marketing: The Death of Boring

by Tim James

While I often talk about “basics”, that’s simply because many dealers are still not reaping the benefits of video marketing. But let’s say your dealership is doing video marketing. Perhaps you’ve made a commitment to conduct live video walkarounds for every vehicle. Maybe you’re engaging your customers via personal video e-mail. And perhaps it’s working well. Most people would advise a marketer that is having success to follow the old saying “If it isn’t broken, don’t fix it.” Well, sometimes that may not be the right answer.

Consider the “Red Bull” brand. They are widely known for producing some of the most successful viral video marketing pieces ever – including setting a record for the most live concurrent video views, with 9.5 million users watching their space diving video. The brand focused on creating video content that illustrated daring and astonishing feats of athleticism. As a result, it earned the respect and attention of many major brands across the country. But then… they changed their strategy. And everyone gasped.

Why would any company change a video marketing strategy that is considered (and measured) as the bar to achieve? Why change something that is working so well?

We may never know why Red Bull decided to change their strategy away from big time, exciting event videos that consistently went viral. What we do know is what they changed it to: Consistency.

Red Bull decided that producing regular, consistent video content (more quantity) would pay off over producing less video content — even if the videos as a group are not as “epic.” And what did this achieve? In the last year, Red Bull has created 639 videos that each have more than a million views, with a combined total of 1.7 BILLION views, and almost 33 million engagements.

While each individual video itself gets less engagement than one of the EPIC videos, overall the brand is achieving more views and engagement at less expense. Red Bull’s gamble on a consistent stream of video content, over occasional highly produced epic videos payed off.

What does that mean for your dealership?

Creating consistent content – walkaround videos, creative commercials, etc. – will absolutely engage consumers. But it’s not all about following some straight line on the road to your destination. Creativity will pay dividends – it’s a matter of regular content but also doing something to catch attention and set you dealership apart from the competition.

Take a step off the line and be a little adventurous.

Take for example a dealership in Minnesota, White Bear Mitsubishi. They adopted a white bear as their mascot and have created countless commercials and content including a person dressed in a giant white bear outfit. (If you’ve never seen them, they’re great!) But it isn’t the commercial that shot them to stardom, it is the OUTTAKES from the commercial. On their Facebook page alone, these commercial outtakes have had 6.9 million views, over 35,000 likes and over 100,000 shares!

It’s also been syndicated, made into memes and featured on television news reports! Did they expect this kind of exposure by simply posting some silly outtakes from a commercial they did to support their local hockey team? No!

The point is that they continued to produce content. They stepped outside the box. And because of that, the world is now talking about them. Had they never tried, they’d never have succeeded.

Wouldn’t you like to have those kind of results and exposure for your dealership? The only way that’s ever going to happen is to go out and start making video – and never stop.

For Car Buyers, 5 Is the Magic Number

While the consumer’s car buying journey can include upwards of 24 touchpoints, there are some particular milestone moments in that journey that can define and direct their actions. These moments are covered in a report recently released by Google’s Automotive division, “The 5 Auto Shopping Moments Every Brand Must Own.” The report states that the key moments within a car buyer’s path that every brand must be aware of and present for are:

  1. Which car is best?
  2. Is it right for me?
  3. Can I afford it?
  4. Where should I buy it?
  5. Am I getting a deal?

To truly make an impact on these shoppers throughout each stage of the car buying process, dealers need to have content which appeals to buyers, that makes those buyers desire to take action, and that helps lead them down the road to their dealership. At each stage in the process, dealerships compete for consumer eyeballs. While some dealers will rely on stock information for their vehicle descriptions, others may actually take the time to write custom comments. Some will have a limited number of photos of a vehicle, while others may include 40 or more. The problem is that, to the consumer, every vehicle is almost always one of many in a list that’s typically sorted by price.

So, you can you differentiate your Honda Civic from the thousand others for sale in a market?

Through storytelling.

Statistics show that we remember 20 percent of what we hear; 30 percent of what we see; but a whopping 70 percent of what we both see AND hear. The more of a customer’s attention you can grab, the more likely that YOUR vehicle will catch and hold their attention. Descriptions alone can’t achieve this. You’ll be lucky if they even read the whole thing. And forget about a customer flipping through 40 photos. Chances are that they will browse through a few before abandoning that VDP and moving on to the next one. And the next one may or may not be yours. The only way to maximize your shot at attracting and keeping interest is through a combination of sight and sound – and that’s where video comes in.

Video has the unique power to tell stories. Whether those stories are about the vehicle, the salesperson, the dealership, or a plethora of other topics, no other medium is as powerful.

With video, you can tailor your story to a specific person. Few marketing tools have more influence on a car shopper than a vehicle video walkaround, specifically made for that customer. Think of how much more effective an e-mail response is that contains a personalized video greeting, over the multiple canned email responses they probably receive from your competition.  Consumers aren’t stupid. They realize that these type of e-mails are not authentic responses to their inquiries. Chances are that just about every one they receive from multiple dealers contain very similar messages. Video will give your dealership the edge. The consumer can very quickly see that they have received an authentic response. And that the salesperson, or BDC rep, took the time to make a video specifically for them!

It’s time to up your game. Make an impression that is meaningful, authentic and personalized.

In my session at the 20th Digital Dealer Conference & Exposition, “The Four Best Ways to Use Video: Learn a Video Marketing Strategy that Sells,” I explain just how crucial video marketing is to a dealership’s success. I will also talk about the importance of having an identified, measurable and scalable video marketing strategy. While video content doesn’t have to be difficult to produce, there is certainly more to it than simply running out and buying a camera. Join me in my session and you’ll leave knowing how to leverage the power of video to sell more cars.

How to Use Video to Turn Leads Into Shows

by Tim James

All dealerships get leads that originate from the Internet. Not all dealers, however, are equal when it comes to how they handle these leads. Ever wonder why some dealers are able to close Internet leads at 12+ percent, while others struggle to reach 6 percent? The reason has everything to do with how these leads are handled – from speed of reply to the content in the reply itself.

One of the most powerful ways to communicate to today’s tech savvy customers is with video. It’s a highly effective form of communication because it engages the customer’s senses. It can help capture the customer’s attention and increase the amount of leads that turn into appointments.

There are three basic types of videos that I find work best when created and integrated into any lead follow up system :

  1. Lead Response Videos: When you receive a 3rd party Internet lead, chances are really good that lead also went to multiple other dealerships. This interested buyer then gets bombarded by e-mails and phone calls. Quite frankly, most of these responses are generic, contain no information, aren’t personalized and tend to start looking alike. Gain a competitive edge with your response — rather than simply send a template email, create a personalized video response that thanks the customers for the inquiry. Introduce yourself, mention the vehicle the customer inquired about and invite them in. Your video will stand out and make you the memorable one. Customers will also feel flattered that you took the time to create this video and realize that there is a real person communicating with them, not just a computer.
  1. Appointment Confirmation Videos: When you do get a customer that is interested in test driving a vehicle, it’s important to create a sense of obligation on their part. It’s proven that e-mails that contain videos get opened at a far higher rate than those that do not (especially when the word “video” is in the subject line). Create an appointment confirmation video and you can increase the chance that the customer will open and view it. In addition, use the video to tell them that you’re looking forward to seeing them and make it “personal” so they feel guilty if they blow you off and don’t show up. Let them know that you are doing something “for them” by making sure you have the vehicle cleaned up, pulled around and waiting for them…and offer to have an ice cold bottle of water or a cold Coca Cola waiting for them.
  1. Personalized Walkaround Videos: Nothing is stronger than sending a personalized walkaround video to your customers. The fact that you took the time to video and explain the features and benefits of the specific vehicle they inquired about JUST FOR THEM, can impress them and can also increase their interest level. People appreciate it when others go that extra mile to help them. Make your vehicle AND yourself memorable and you’ll have a better chance of building trust and rapport with your customer and, ultimately, getting them into your dealership.

Give one or two of these a try, I’m confident you’ll be impressed with the increase in the lead to appointment rates and appointment show rates that you receive.

Why Video Is Important For Your Marketing Strategy

by Brian Cox

When businesses ponder how to increase their presence on search engines, they typically turn to SEO strategies. Content marketing has always been a large part of any SEO strategy. It’s a given that the more fresh, relevant and unique content you produce, the better chance your online properties will have of showing in search engine results. According to an article by Search Engine Land, in the past, when considering an SEO plan, the primary type of content marketers thought of was text. As consumer behavior changes, however, visual content is becoming increasingly important.

According to the article, a Google study that tracked consumers’ points of influence on their path to purchase, found that 64 percent of consumers were influenced by video they saw on YouTube – 2/3 of which were “how-to” and “product visualization” type video. These videos match the content type that auto dealers use. In fact, according to the study, 60 percent of consumers reported that online digital marketing factored into their path to purchase. And a recent article in the Wall Street Journal reported that experts are now advising marketers to move 10% to 25% of TV ad dollars to online video.

Today’s vehicle shoppers have many decisions to make along the path to purchase. A consumer who visits an online shopping portal will typically be presented with a list of vehicles that meet their criteria in order of price, lowest to highest. They will then start filtering out vehicles from those results based on such things as mileage, condition, vehicle descriptions and pictures and video provided by the dealer. Vehicles with no (or poor) descriptions or ones that lack photos and video have a greater likelihood of being passed over. Vehicle description pages that contain rich details including images and video stand a far greater chance at seeing customer engagement. It’s hard to believe that anyone would disagree with this very basic assessment.

The same idea translates to search engine optimization. The goal, obviously, in any search engine optimization strategy is to be found whenever a consumer makes a relevant search. According to Search Engine Land, however, that’s not what the real goal is (or should be). Simply showing up does nothing except satisfy a marketer or SEO practitioner’s ego. The true goal is click-through-rate. The more opportunities you can provide a customer who is searching for a vehicle to find your dealership and/or vehicle (i.e. the more times you appear within a given search), the greater the likelihood will be that they will click on a link to your content versus your competition. To accomplish this, you must have a presence on all the consumer touchpoints in every medium possible – video, images and text – thereby offering more content for a search engine to crawl and deliver within the results.

The bottom line is that consumers are using more resources than ever before when shopping for a vehicle. Ensuring that the type of content a consumer wants to see is present on every touchpoint is essential to increase web traffic and consumer engagement. Don’t get me wrong, simply throwing money into video marketing is not what I advise. You would be wise to invest in a comprehensive video strategy that maximizes the exposure, quality and effectiveness of your video content. It will make the difference and allow you to dominate all of your online marketing channels.

How to Tame the Bull Named Facebook

by Tim James

In 1991, a 5’2” 125-pound cowboy stared into the face of Wolfman Skoal. a young 2,000-pound bull with a bad reputation. So bad, in fact, that a $500 bounty existed for any rider that could tame the beast and ride a full 8 seconds. Wade Leslie accepted the challenge. As he mounted the bull in preparation for his ride, the bull promptly lay down in the pen. He considered getting off. But then the bull’s owner reassured him that Wolfman Skoal would perform. Sure enough, once the gates opened, the bull leapt straight into the air like a rocket and preceded to do its best to eject Wade. Wade had different plans, however. He not only succeeded in riding Wolfman Skoal for the full 8 seconds, but also became the first, and to date, only bull rider to score a perfect 100 points in the Professional Rodeo Cowboys Association.

Not unlike bull riding, marketers are constantly creating content that is competing with both their competitors and the platform on which that content is published. Right now, the biggest and baddest bull around is Facebook. One could say that as Facebook grows up, its personality continually changes, forcing marketers to continuously change with them. As it finally enters its teens, this 10-year old has decided that, at the moment, it happens to like video content. In bull riding, judges calculate a score for both the rider and the bull. Riders know that their score depends on both how they ride and how their bull performs. A rider can stay on a bull for the full 8 seconds. But if the bull isn’t rowdy enough to impress the judges, the rider can still receive a sub-par score. Keep this in mind when developing your content. In marketing, the success of your content starts with the content creator (the rider) and is dependent on Facebook (the bull).

In early summer of 2014, Facebook began releasing in-depth data on video performance. Social media resource Socialbakers eagerly dove into that data in an effort to tame the bull and finally give marketers information that would assist them in their quest for video marketing success. Through the study of 1,000 Facebook pages containing over 3,000 videos, it was found that videos of ~21 seconds long were the most successful. The main metric used to determine a video’s success was its completion rate (i.e.: the percentage of people who watched at least 95% of a video). As in most rules, there are exceptions, yet the in-depth study showed that the longer a video was, the lower the completion rate.

There are many variables that can be used to explain this phenomenon, ranging from attention spans in general, content that’s not engaging, and the bandwidth needed to view a longer video on mobile devices. Not enough time has passed since the release of this data for more comprehensive studies to be done. One thing is certain, however, and that is that Facebook is increasingly choosing to deliver video content to its users’ newsfeeds. The study of Facebook video performance found that ~57% of viewers who started watching a video, completed the video. The Socialbakers study even went as far as to make a preliminary finding that “If this data holds true, Facebook videos are outperforming YouTube videos.” They speculate that the reason for this “could be attributed to more intelligent distribution of videos on Facebook, due to Facebook’s News Feed algorithm doing a better job of matching interested users with engaging videos than YouTube does.”

Keep in mind that these statistics are based on a preliminary study of Facebook video content in general. We’ve found that the money spot for completion rates on videos are between 1-1/2 to 2 minutes long across all other video platforms. The reason for this is that product videos tend to be sought out by a consumer rather than being delivered to them by the platform. We expect that this will remain consistent, as consumers who visit a dealership’s Facebook page to view an inventory video have purposely sought out this content. Consumers looking to purchase a vehicle are willing to make a longer time investment for the simple reason that it is directly tied to a significant expense. Mobile users are statistically willing to make even longer commitments ranging from 2-1/2 to 4 minutes depending on the device.

Any type of content produced by a business has a limited amount of time to capture a person’s attention. Video content has an advantage in that it is the only content that tells a viewer exactly how much of a time commitment they have to by displaying its total viewing length. And if your content is engaging, consumers will give you more of their time. If not, you’ll find them abandoning your message quicker than a bull can throw a rider.

The next time you create video content and stare the bull named Facebook in the eye as you prepare to either submit or be submitted, keep in mind the following: high quality, engaging video content that quickly captures a viewer’s attention will increase the length of time that you’re able to stay on the bull and impress the judges. And just like bull riding, they are the only people that matter.