Archive for the ‘customers’ Category

How are commercial videos really watched?

Thursday, December 3rd, 2009

One of the benefits of hosting thousands of business videos is that we have an opportunity to learn and track the patterns of how these videos are really being watched. What we’ve found is that there are a few very specific ways in which viewers watch commercial video. I’m going to focus on the three most common patterns and explain what each is trying to tell you about your video.

usain_bolt1The Early Finisher was excited enough to click play but lost interest almost immediately. Most of the time this means that they didn’t get what they were expecting, and expectations for the video are predominately set by the thumbnail. An easy fix is to change your still frame to something that provides a better explanation of what’s in the video. Another common issue that creates an early finisher is the “slow start”. Viewers expect instant gratification when watching video, especially when they’re watching commercial videos. Keeping a title screen up for even just 5 seconds can easily cause 20% of your audience to leave.

theearlyfinisher

skipperThe Skipper, just like his Gilligan’s Island counterpart, is an under-appreciated player. This guy or gal skips throughout the video looking for an answer to a question or just for something that interests them. They’re trying to find something interesting and sometimes they will (like the example below). The skipper is far more common on long videos. We’ve found that the best solution is to break up your videos into logical bite-sized pieces. For example, instead of having one long demo reel, our friends at Lilipip (an animation studio) showcase a number of shorter videos in one playlist. Helping people find what they want quickly is the key to keeping a skipper happy.

theskipper

robert-downey-jr-sherlock-holmes-06The Sherlock is a deeply engaged and inquisitive viewer. They are clearly trying to get something out of your video. This also means that they are highly interested in what you are providing. There’s no fix for this because having a Sherlock is great! What you should do is focus on the areas the Sherlock is most interested in and decide if their interest is unique or an indication of larger interest. Do whatever you can to talk to your Sherlocks. We put the Olark chat widget onto our website (you can see it on the lower-right of this page) so that we can make sure that we engage with our most interested viewers.

thesherlock

Why does video improve conversions?

Friday, October 9th, 2009

Over the past couple years, it has become conventional wisdom that the use of online video in sales and marketing can significantly increase conversion rates (see a great post at ReelSocialMedia describing this very topic ).  But the question that is often left unanswered is “why does video improve conversion rates?” Here are a few reasons:

  • Video is more personal and engaging – If you had the opportunity (and time) to tell every possible customer about your product in a face-to-face meeting, you would take it, assuming you had something appropriate to wear.  But the reality of course, is that with busy schedules and globally disperse customers getting precious face-to-face time with everybody is impossible. Putting your best employees and customers on video gives you the opportunity to engage prospective customers with your best voices telling the story.
  • The power of the narrative – Research and common experience both tell us that the human brain is wired to better understand and remember information when it is presented in story form. All the campfire myths and stories our ancestors yammered on about were done for a reason, they helped the memories last longer. Unlike text and images on websites, video is time-based which forces a narrative. You have to choose the specific order for your story. The story helps your message leave a longer lasting impact. Check out two different companies selling the same product, Lighting Direct (without video), and Energy Circle (a Wistia customer using video). Which one do you find more engaging?
  • Complex products are better described with video – Some products and services can be really difficult to explain, and as the old saying goes “seeing is believing”. When the thing you’re selling is on the complex end of the spectrum (think multi-machine chemical manufacturing vs. steak knives) it’s often easier for everybody when the process can be shown, talked about, and described visually. Video can end up being the only way to educate prospective customers other than flying people around to see your product in person. Some things are just better described through video.

While any one of the above items may be reason enough to improve online conversions, the case becomes overwhelming when these reasons are put together.

Wistia: Over One Million Business Videos Served

Wednesday, August 26th, 2009

mcdonalds_billion_served

Just yesterday we rocketed past a big milestone: 1,000,000 videos served. And that’s just since we launched our embed tracking which was less than four months ago. It’s really exciting to see all different types of businesses using video to sell and market more efficiently.

To celebrate, here are two other interesting Wistia usage statistics:

  • So far this year, our customers have spent a total of 30,977 hours using Wistia.
  • The individual who uses Wistia the most (you know who you are), spends an average of 58 hours per week in the system!

It’s great to see our customers having so much success. Can’t wait for the fall!

Congrats to Kiva Systems and RigNet

Monday, August 17th, 2009

0909-cover-wavyWe wanted to wish a warm congratulations to two of our customers, Kiva Systems and RigNet for making the Inc 500 this year. Kiva Systems came in at an impressive #6. RigNet clocked in at a solid #452.

We look forward to all of our customers making the Inc 500 over the next couple of years as they continue to use more video. ;)

For the list of the top Inc. 500 companies take a gander here.