5 Things Video Will Replace in Your Business

Oct
27
2009

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It’s easy to forget just how many different ways video can enhance communications. Anywhere there is a repeatable (and often complex) message, video can lend a helping hand to tell that story more efficiently and in some cases tell it better. We’re highlighting 5 of the most popular ways we’ve seen people scaling their communication with video.

Product Demos

Replacing the initial in-person demo or online meeting presentation keeps your salesforce more available to focus on ripe opportunities. Giving your prospects the opportunity to watch product demos whenever they want, allows them to become better informed more quickly.  There’s no need to schedule a time to walk through the same canned demo; prospective customers can watch just what interests them.  The result is that prospects will already understand your product during initial sales calls, resulting in more meaningful questions being answered earlier in the process.

Customer Testimonials

Giving a prospect access to a happy customer is one of the most effective ways to gain trust and ultimately close deals, and yet one of the most difficult things to scale. Your customers may love your product but they’ve still go their own job to do and life to live. Interviewing your customers for testimonials on video can help you to harness one of the most effective (and underutilized) marketing and sales techniques.

Cold Calling

Cold calling is a polarizing issue. It draws “w00ts” from those seeing success and “@%!#’s” from almost everybody else. Many companies still use cold calling effectively but it’s at the expense of the 90% of people who never wanted to hear from them in the first place.

Fortunately we’re seeing a positive shift… turning cold calling scripts into video. Taking your message and putting it into a video format allows you to improve the quality of the message, annoy less people, and focus on communicating with those people that are actually interested. The goal of most cold calling is to gauge interest and qualify potential leads.  Letting people receive your message when it is convenient for them lowers barriers and makes it easier for the person to demonstrate interest.  By tracking what a potential lead watches you can spend more time following up with meaningful conversations and less time playing phone tag.

In Person Training

Keeping your customers, employees, and prospects well educated about your company and products is crucial to keep your business moving forward. When there weren’t technological options, it was common to ask people to fly in from around the country and spend an afternoon learning about all the new whizbang products and services your company has been cooking up. Today, we’re seeing people in the same company, sometimes even the same office opting to educate each other using video instead of meeting in person. Using online video to educate means that there’s no travel to schedule, venue to book, or documents to print out. It allows people to learn on their own time when it fits into their schedule. Just as you knew how many people came to your event, you can track how many (and which) people watched the video to get a sense for the impact.

Help & Support

Providing a solid line of defense for customer support is key to keeping customers happy and prospects engaged. Some customers will tweet questions @you, others while be satisfied with a FAQ or forum, but others want more in-depth explanations. As expectations have shifted we’ve found an increasing number of people expect that they can find the solution to their problem without having to pick up a phone or send an email. This is great, but it puts the onus on you to make sure that you can help answer even the most complex solution to problems on-demand. We’re seeing more and more businesses embracing video to get this job done right. Over time every business will include videos to explain many of their complex processes.

What’s next?

While even a few years ago it would have been a pipe dream to use online video to make all of the above business processes more efficient and scalable, today it’s a reality.  As technology advances and high quality video becomes easier and cheaper to produce, what will be the next generation of things in your business to be replaced with video?

Announcing a New Way to Privately Share Video

Oct
21
2009

We’re very excited to announce a new, really easy way to privately share your video using Wistia: Project Links.

Watch this 45-second video to see how it works:

There are some situations where you just want a bunch of people to watch your video without having to jump through any hoops (e.g. enter a password or register).

Now you can have Wistia generate a secure link and send it to whomever you like, however you like. Of course, all the clicks and video views are tracked. You can even disable a link to revoke access.

Thanks to all our customers who helped push us in this direction. You know who you are!

BusinessWeek Top Young Entrepreneurs

Oct
18
2009

Last week, we heard some exciting news. Brendan and I were included in BusinessWeek’s list of the top young entrepreneurs 25 or under. We made it by less than a week (as my birthday happened to be this week!). We’re humbled to be included on a list among so many other great companies. Some of you may recognize the photo from our Serious Founders photo a couple of weeks ago. This is the exciting news we were hoping to announce!

BusinessWeek has chosen 25 companies to be featured online and they’re using the power of online voting to determine which companies they’ll feature in print. If you could be so kind as to send a vote our way, we’d be much obliged.

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Why does video improve conversions?

Oct
9
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.

4 Advantages of Adding Video to your Email Marketing

Oct
6
2009

UPDATE: We’ve turned this post into a video if you’d rather watch, you can check it out here.

We believe that you should always eat your own dog food. I don’t mean that you should literally eat dog food (we don’t even have a dog), but that if you’re in a position to use your own product you should take every opportunity to do so. The idea is to see your product in the same light as your customers or users do. One of the ways we’ve been doing this recently is by incorporating more videos into our email marketing.

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We track our open rates, click throughs, and forwards using MailChimp. Then we use our video heatmaps to track how the people watch the video. This combination helps us figure out which messages are working, who’s interested, and how to improve our strategy. Ultimately we can follow up with the right people. Through this process we’ve observed several concrete ways that video has improved our email marketing.

  1. Improved click-throughs – We’ve consistently seen 3 – 4x more people click-though when we mention a video. This appears to be true across all emails: newsletters, follow up with prospects, and even automated alerts.
  2. More engagement -  Visitors who click through to a video spend substantially more time on the site than our general web traffic.
  3. Finding the right voice – By tracking which parts of our video people are interested in, it has become easier to target our message appropriately. For example, we noticed that people would rather watch videos showing in-depth features than ones just touting high-level benefits. The next time we sent out emails to that audience, we focused on feature updates and received a better response overall.
  4. Better insight – Before incorporating video into our email marketing we used to decide who we were going to follow up with based purely on opens and click-throughs. Now we base our follow up on how people actually engage with the video. If someone watches the whole video 3 times, we’re going to call them before we call people who didn’t even click play. Without video tracking, these visitors would have appeared to have the same level of interest! That’s crazy.

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Overall we’ve been impressed by how effective adding video to our email marketing has been. But don’t forget, you cannot improve what you cannot measure!

Olark’s Impressive Conversion Process

Oct
5
2009

Olark
Last week, we started testing Olark. Olark is a widget you can put onto your website so that visitors can chat with you. It’s an impressive product and a great way to quickly engage in Q + A with visitors. Feel free to chat with us right now, it should be in the lower-right-hand corner of this page (if you’re reading this on wistia.com) and if we’re currently online.

We found Olark, when we noticed that our friends at Switch Marketing were using it and decided to check it out. The product seemed pretty cool, but what really impressed me was their incredibly elegant conversion process. After clicking on the Olark widget, you’re prompted to enter your website on the Olark page. It’s a dead simple, obvious form.

Olark Signup

Olark then loads your site with their conversion process overlayed on top. They prompt you to customize your widget after which they ask for your contact information to claim the account.

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The combination of overlaying the conversion process on top of wistia.com and only asking for a little bits of information at each step was overwhelmingly enticing. By the time they showed me the pricing plans, I had a great sense of how our Olark widget would look and feel and I was ready to make an investment in a full-fledged trial.

Olark Pricing Plans

Over the course of less than 3 minutes they had sold me, hard. If you are wondering how to improve your own conversions, treat their process as the gold standard.

Audio & Document Embedding

Sep
28
2009

This morning we added support for document and audio embedding. Wistia has had built-in support for a number of formats besides video for some time now (MS Office documents, audio, swf files, among others), but until today you couldn’t embed these files outside your private Wistia environment.

While it might seem odd for an online video provider to support formats other than video, we feel that it actually fits nicely with our offering and helps our customers get more out of their videos. We’ve learned that putting multiple content types together to provide a more complete a message can really boost interest and engagement.

Here’s the song Peaceblaster ‘68 from STS9. It’s great music to work to.

And I’ve made a fresh document embed of the Video Training Topics & Trends survey we completed last winter!

For now these features are in “beta” mode and are not active for all accounts. Give us a shout if you want us to enable audio and document embedding for your account.

And a special thanks to customers Chris Leebelt and Andy Renk for their feedback, which helped drive us in this direction!

Serious Founders Photo

Sep
25
2009

In the last couple of weeks we’ve been asked to send out photos of the team for some upcoming press articles. So we asked our good friend and photographer Laurence Vannicelli to take a few shots on his most recent trip through Boston. We were really happy with how the photos came out and I’m sure you’ll be seeing more of them in the future.

For now we thought we’d share one with our “serious founders’ faces.” This shot was taken in the new MGH T-Stop on the red line.

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That’s Brendan (@brendan) on the left and me/Chris (@csavage) on the right. Hopefully it brings a smile to your face on this Friday afternoon.

New and Improved Wistia Search

Sep
24
2009

We just launched a major upgrade to our search feature in Wistia. You can now search all your projects, media, and contacts with a single, powerful search.

Watch this quick screencast for an overview of how it works. Go easy on me, it’s the first screencast I’ve ever recorded.

Search tip: Forward slash (‘/’) is the keyboard shortcut for search.

1.5 Million Business Videos Served and Tracked

Sep
11
2009

Discovery

Just over two weeks ago we broke through the “Million Business Videos Served” mark. It took us about 4 months to hit that milestone.  Today we’re happy to announce that in the short span of two and a half weeks, we’ve flown right by 1.5 million embedded videos served. It is not only exciting to see such fast paced growth but to know that every one of those views can help inform and improve the videos and their messages.

Thank you to all of our fabulous customers for relying on us to deliver and track your business videos. It’s an honor to work with all of you. Thanks for driving us to be better.