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Video streaming has become the new powerhouse of digital
marketing, the way people watched videos online when the world changed
irrevocably and turned the idea of the marketing medium around: how it reaches
people and, more importantly, how it brings returns. Video is
increasingly in control of consumer behavior, and that is no longer a forecast;
it is a fact. The Visual Networking Index of Cisco suggests that by 2022, video
will constitute 82 per cent of consumer internet traffic, which is expected to
increase by 2025. The video (especially the live stream and on-demand video
content) is more than content; it has become a strategic tool to maximize
the ROI of digital marketing.
The question now being asked by marketers can no longer
pertain to whether they need to invest in video or not, but how to make sure
that it becomes profitable. As attention spans shorten and competition heats
up, streaming video can not only be engaged with but behavior that matters can
be traced, measured and converted. This post breaks down video streaming and
its transformation of the digital marketing environment with the data,
strategy, and future trends.
Contemporary consumers need authenticity, interactivity, and
immediacy. A live interview with the founder of a brand, or a live show of an
exclusive release, video streaming can help create the feeling of immediacy
that can in no way be created with static advertisement.
- Two out of every three customers claim that the chances of
visiting a site again depend on the presence of live video (Livestream).
- Eighty per cent of users want to watch a video about a brand
in real-time rather than read a blog about it (HubSpot).
- On average, viewers watch 17 hours of online video a week,
instead of 30 per cent more than three years ago (Wyzowl 2024 Report).
This information sends a very articulate message: video
streaming has become an essential customer engagement and brand trust promoter.
Faith, being the trust, directly contributes to the conversion rates and
customer lifetime value, as any experienced marketer can tell.
The marketing of live streaming is revamping instant
engagement and conversion. Performances, online workshops, cooperation with
influencers, behind-the-scenes production, etc., are no longer only branding
tools. They are channels of sale where results can be quantified.
Consider the case of Amazon Live: in a 2024 campaign driving
small business brands, the conversion rate exceeded 320 per cent of the average
creation of small business brands versus their ordinary display advertising
equivalents. Equally, you can purchase TikTok Live and Instagram Live, which
have turned into mini-commerce zones, whereby more than 70 per cent of the
viewers report that they had at least acquired a product after watching a live
stream.
Why it works:
- The overarching desire for immediacy instigates urgency and
FOMO (fear of missing out).
- Good authenticity makes people trust not only the product
but also the brand.
- Two-way communication gives a feeling of belonging and
interactivity.
The result? There will be a considerable increase in the ROI
of digital marketing by enhancing engagement and reducing buyer journeys.
The days of measuring video by its views alone are gone.
Today, it is a conversation that people are concerned with. Business owners placing
streaming video on landing pages, email campaigns or in their social
advertisements have realized much better results than they would have on more
conventional content types.
- The conversion on landing pages is 86 per cent better with
video as compared to without (Eyeview Digital).
- Click-throughs are boosted by 200-300 per cent in emails
that have video.
- The results were an increase of product comprehension by 74
per cent and purchase intent, through explainer videos and testimonials.
Above all, video creates context, which brings about the
transformation of curiosity into action. It can put a potential customer
through the process of: what is this, to I need this now in a minute or so.
Streaming is no longer restricted or confined to social
networks or YouTube. OTT (Over-the-top) services, like Netflix (including ad
level), Hulu, Amazon Prime, etc., are opening a new market to advertisers:
highly precise, data-informed, and low-cost.
With behavioral targeting, brands can target advertisements
based on watch history, content genre, time of day and even device operating
system.
- The recall rate of the ad platform is 67 per cent in Roku.
- When personalized and interactive, the ads on Hulu have been
reported as having 2x higher purchase intent.
- The video-based and targeted at streaming services, with 30
per cent better engagement rates than a traditional digital display.
Marketers get a performance-driven marketing ecosystem
because they can track view-through rate, click engagement and post-view
actions, and this enables them to optimize their campaigns and give deep
insights.
The real advantage of video streaming, when compared to the
marketing channels of the past, is that it provides rich analytics to make
smarter decisions. It is not a matter of opinion. Modern marketers follow:
- Such video engagement metrics as average watch time,
drop-off points and heatmaps.
- The click-through and the conversion rates of video CTAs.
- Watch behavioral segmentation of the audience.
- ROI measures should be directly correlated to the campaign
amount spent vs action.
YouTube Studio, Vimeo Business, and TikTok Analytics are
some platforms where details can be seen on how the content is consumed. More
sophisticated platforms are going as far as incorporating AI-fuelled insights
to determine what kind of video content they should produce that will deliver
the highest ROI when it comes to marketing.
Integration is vital to tap the potential of streaming
video. Video can not be a siloed strategy; video needs to be integrated
throughout the entire customer journey:
1. Top of Funnel: Employ click-worthy short videos on social
media.
2. Middle of the Funnel; Use live demos, product reviews or
webinars to teach.
3. Bottom of Funnel: Add personalize video messages or video
testimonials and convert.
4. Post-Purchase: Utilize video to undertake onboarding,
customer service and upselling.
The holistic problem solving makes sure that you are not
only making content, but that you are activating it where it is going to drive
lifetime value, so you are activating it at the right touchpoints to be able
to achieve lifetime value and burn.
The revolution has come, and it has been aired in high
definition. These days, video streaming is not only taking digital marketing
ROI to the next level; it is revolutionizing it. From engagement during a
live event to strategic advertisement insertion, conversion of a video detail
to a call to action, to analytic information attainable, streaming video goes
the distance of the entire marketing funnel.
There are already too many brands in a cluttered digital
space, so the difference towards creating successful brands is bringing in the
capability of producing content that may not be informative or entertaining but
can move the needle. That is what video streaming does, in a clear,
fast and measurable way. It allows marketers to not only get their story
out but to monitor its success in real time.
On purposes so positive purposes, investing in video streaming should
not be seen by the brands, which want to keep up to date, as a fad but rather
as a long-term direction. When perfected, it yields accuracy in interactions,
genuine conversions, and payback which other forms have a hard time beating.
Thus, no matter what your digital marketing, video
engagement metrics, or streaming platform advertising strategic objective is, it
is apparent that your ROI thrives and lives within the video.
Do you want to have a website that attracts attention and wows visitors? Then, we are prepared to assist! Contact us by clicking the button below to share your thoughts with us.
adekunle-oludele
Poland Web Designer (Wispaz Technologies) is a leading technology solutions provider dedicated to creating innovative applications that address the needs of corporate businesses and individuals.