01.24.10 Power of Video: Quick Facts

Posted on: Sunday, January 24th, 2010
Comments: 0

Some quick facts for 2010 thanks to Patrick Moran of Mashable.

• A recent study by comScore revealed that in October 2009, more than 167 million viewers in the U.S. watched an average of 167 videos each, while YouTube reached 1 billion views per day – or 41 million views per hour – in the same month. 

• According to MarketingSherpa, 95 percent of the companies that have used online video marketing are happy with the results and expect to use it again in the future.

• Many sales managers report reps see 20 percent higher close rates when they play a video at the beginning of their virtual sales demo. 

• Online video ads are growing in popularity because they are effective in driving sales. According to a study by the Online Publishers Association, 52 percent of people who watched an online video ad took action after viewing the ad, such as visiting the advertiser’s website (31 percent) or searching online for more information on the product (22 percent). A full 12 percent went on to make a purchase – giving video ads one of the highest conversion rates in the industry.

 • Already, there are more than 4.1 billion mobile phone users worldwide – at least 10 percent of which are video-enabled smartphones. Make sure these mobile warriors can view your videos.

• Online video is a powerful tool in today’s marketing arsenal. With 2010 fast approaching, make sure your company has a clear video strategy in place that works alongside your online, social, paid media, PR, and other marketing strategies. Your customers want video, so give it to them!

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