In supporting our digital marketing clients, AccuList USA has seen rapid growth in online video use, and a recent Forbes magazine article by John Hall, CEO of Influence & Co., cited video as one of six essential trends to include in 2018's digital marketing budget. Why? Researchers forecast that by 2020 online video will account for 80% of all consumer internet traffic. Already over 500 million people are watching video on Facebook every day. If you want a crack at that audience, you'll need to join the video world. That's especially important because video ads are not just good at promoting brand awareness and engagement; they deliver sales. Video creation service Animoto's most recent survey of 1,000 consumers and 500 marketers reinforces online video's clout: 64% of consumers say they purchase after watching branded social videos. No wonder more businesses are jumping on the video ad bandwagon and investing in paid/sponsored video as well as paying to "socialize" or promote videos. Helping the video boom is the relatively low production cost; in fact, 92% of marketers told Animoto they make videos with assets they already have. Meanwhile, a nationwide pricing survey of videographers and photographers found that the average small business marketing video cost less than $1,000 in 2015 and a medium-sized product demo video was around $2,000. Cost is not a barrier; coming up with engaging, targeted content is the challenge. So what platform will best deliver the target audience? Animoto's survey shows where consumers engage with branded videos daily: 49% on Facebook, 32% on YouTube, 24% on Instagram, 22% on Snapchat, and 22% on Twitter. Most brands hedge their bets by using multiple platforms, paying to capture eyes on YouTube and Facebook, for example. The more important goal, regardless of platform, is to optimize for mobile viewing since 84% of online video viewers watch on mobile devices--which is why 81% of marketers are optimizing their social videos for mobile viewership, per Animoto. Timing counts, too. Animoto's survey found 33% of video consumers watch during the lunch hour, 43% during the afternoon, 56% during the evening, 38% before bed, and 16% in the middle of the night. For more on online video trends, including tips on creative, see http://www.acculistusa.com/marketing-with-online-video-if-not-youre-behind-the-curve/
