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iSmart_Blog_2024

From Views to Revenue: Monetizing Your Business Through Strategic Video Advertising

In today's digital age, video content has become a powerful tool for businesses to engage their audience and generate revenue. From social media platforms to websites, strategic video marketing can significantly boost your brand's visibility and ultimately convert views into profits.

By carefully crafting compelling and informative videos that align with your target audience's interests, you can establish your business as an industry authority, enhancing customer trust and loyalty. Additionally, incorporating strategic calls-to-action within your videos can drive traffic to your website or online store, increasing the chances of conversion.

In spite of all the evidence, many advertisers continue to resist the idea of advertising with video.

Yes, trying and investing in a new channel is scary — but the numbers cannot be ignored.

For example, 50.9% of B2B decision-makers use YouTube to research future purchases. And 70% of viewers bought from a brand after seeing it on YouTube.

Even so, advertisers resist video advertising for a myriad of reasons.

Some worry it’s too expensive. Others feel they’re doing just fine with other ad types, so why bother?

If you’re still not convinced the time is right for video advertising, see if these points persuade you.

Video Advertising in the Digital Era: Trends and Strategies

 

1. Video Advertising is Great for Brand Awareness

Quite simply, we get great results for clients with video advertising, particularly when it comes to driving brand awareness.

We’re also finding that video ads are getting more engagement than our non-branded search campaigns.

Are video ads worth the extra effort?

In short, the answer is yes – for these four reasons:

1) Video ads aren’t the hassle you might think (more on this in a minute).

2) You don’t know what you don’t know. Maybe video ads would outperform your already well-performing text or Display ads. You won’t know unless you test.

3) As a general principle, it’s better to have a mix of ad formats and strategies as a hedge against performance changes.

With PPC, you never know what the future will bring. The competitive landscape may change, Google may change its rules, and the list goes on.

When you don’t put all your eggs in one basket (or one ad format) you mitigate the risk, which is why it’s worth trying different ad types, including video.

4) Your target market might not live on Google.

Generally, younger demographics spend most of their time on YouTube. They use it not just as an entertainment platform but as their search engine of choice.

So if you’re only advertising on Google with text and Display ads, you could be missing an entire segment of the population.

2. Video Ads Can Do Things Other Ad Formats Can’t

 

By nature of their format, video ads can do some things that text or Display ads simply can’t.

Explainer Videos

Explainer videos are perfect for serving up in response to search queries that relate to your product, such as “What is protein powder good for” or “How to get fit at 40.”

You can’t answer these questions in detail in text or Display ads, but you can with video.

Client Testimonials and Interviews

While you could put a short written testimonial in a text or Display ad, it simply won’t have the same power as a video testimonial.

Product Introduction or Review

Text and Display ads are too restrictive for an in-depth product introduction or review – but they’re totally doable with video ads.

Demos

Sure, text and Display ads can take users to a demo sign-up page. But you can do the same with video ads and include a sneak preview.

3. Video Advertising Doesn’t Have to Be Expensive

 

Next, let’s address one of the most common misperceptions about video advertising: it’s too expensive.

Sure, if you can hire a team to produce and shoot your video on location, then that’s great. (And there’s nothing wrong with that approach if it’s within your budget!)

But you don’t have to go that route.

After all, tools such as YouTube’s video builder make it super easy to create short videos you can use in your advertising.

Also, you may already have the video assets you need without realizing it.

4. Advertising with Video Can Give You a Competitive Edge

 

While I’ve argued here that advertisers need to give video ads a chance, not everyone has gotten the message yet.

This means that advertising by video may give you a competitive advantage. If your competitors aren’t in this space yet, you have a wide-open playing field.

 

Remember, the key to successful video monetization lies in understanding your audience, providing valuable content, and leveraging platforms that align with your business goals. So, take advantage of the vast potential of video marketing and unlock new revenue streams for your business.

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