In my last blog, I shared the five types of video content you must have when beginning your video marketing initiative. To recap, they include: New Model Test Drive, Inventory, Value Proposition, Testimonials and Lead Follow-up.
Hopefully you’ve begun the process of creating this content. Now for the next step!
Effective video marketing requires much more than just content creation. In fact, if used strategically, video can be one of the most effective ways to steal your competitor’s business. However, if no strategy is involved, you will simply be wasting your time.
So, as promised, here are some strategies that can be used to make those videos effective and capture more business.
The keys to transforming your video CONTENT into a video marketing STRATEGY are:
- Exposure – If nobody ever sees your videos, they’re pretty useless. Consumers look at up to 24 different touch points in their buying journey. You have to ensure that your videos get on the right touch points to be seen by your buyers at the right time in the buying cycle and without them having to work to find it. The problem is that some of those touch points make it difficult for dealers to get videos onto these sites. Video files are extremely large and most touch points don’t want to host the video. In fact, they would prefer (some even require) that your videos are hosted elsewhere and then just hyperlinked or embedded on their site.
That is why the right hosting platform is so important. It will automate a large portion of your exposure and make it very easy to integrate your video content with your Sales & Marketing strategies, getting more of your video content in front of your shoppers, at the most critical decision points, which brings me to my next point.
- Data Capture – The right hosting platform can be one of your biggest assets when it comes to video marketing. By having your videos all hosted together your hosting company can capture your viewer’s data from more touch points and then you can use that data to communicate with a shopper in real-time via the video. This data can also be utilized to generate real-time alerts via your CRM, no matter what video is being watched, and no matter what touch-point the video is being watched on. Which brings us to personalization.
- Personalization - How cool would this scenario be: You send a video email campaign out to your existing CRM database. The data from your existing customers (and all of your abandoned leads) that engage with that email is then captured and matched with your video viewer database from your video host. From then on you receive an alert in your CRM every time someone from your database is back “in market,” because they are watching one of your videos.
Armed with this knowledge, you can then send personalized videos to that specific customer with various messages. Perhaps the customer has been consistently watching videos of Honda Civics in your inventory. Sending a video message informing them of special offers on Civics would certainly be relevant and give you the fast track to selling them a vehicle before they start shopping at your competition.
However, there’s a fine line between personalization and creepy. So make sure that the video doesn’t necessarily inform the customer that you KNOW they’ve been shopping. The video message should be something relevant to the behaviors you have seen them make, without crossing that line.
- Tracking – Because you’re capturing this data and it’s being matched to buyers, you’ll get a notification that your buyer is watching one of your videos, along with which touch point that they are watching it on. Now you know that right at that second Joe Smith is on AutoTrader, Cars.com, or any other touchpoint out there, and what vehicle(s) videos they are viewing. Wouldn’t it seem like a good idea to call them at that point?
- Conquest/Geo-Targeting – This technology allows you to know which site they are viewing your video on and you can also see where (as in physical location) they are watching it. Imagine getting an alert that Joe Smith is watching your video and happens to be on your competitor’s lot at that exact moment. The right hosting company would enable you to know this information, call Joe and in addition queue up a “last chance offer” as a banner ad right there on the video they are watching… all in real-time!
A video marketing strategy isn’t just about the video. It’s a strategy that involves getting MORE of your videos on MORE touch points while capturing MORE data. Then utilizing that data to your advantage to know exactly how and where your customers are watching your videos. Then sending more personalized, relevant and perhaps even deal-saving messages to them in real-time.
There is nothing more powerful than to communicate with your customer exactly at the right time, with the right message, in a way that they know is just for them.