Are you launching a new product or a service? Create a video to show how it works. 98% of users say they’ve watched an explainer video to learn more about a product or service. That is why 45% of businesses who use video marketing said that they have an explainer video on their home page. Of those businesses, 83% said that their homepage explainer video was effective.
According to different researches, 79% of consumers now agree that video is the easiest way to identify brands online and there is a direct connection between watching a video on social media and the decision-making process to purchase a product or service. In fact, roughly half (46%) of consumers said that they have made a purchase as a result of watching a brand video on social media, while another third (32%) have considered doing so after watching a video.
The trick? Find the right influencer in your niche so that you're targeting the right audience. It's not just about spreading your message. It's about spreading your message to the right consumer base. If you can do that properly, then you can likely reach a sizable audience for not much money invested when you think about the potential profit it can return.