Editor's Note: Joydeep Bhattacharya is a digital marketing evangelist who writes for SEO Sandwitch. Today he joins us to discuss good video strategy for attracting a millennial audience.
An extensive knowledge of all things digital make millennials a complicated segment of consumers to attract. So why do marketers put up with them? Maybe because millennials also have the greatest buying power of any generation, which automatically gives them the biggest consumer voice. Marketers are therefore willing to overcome a multitude of quantitative and qualitative challenges to fulfill their requirements, starting with a rapid pace of technological advancement.
Changing Face of Video Marketing Strategy
Out with the old, in with the new – that’s the mantra video marketing professionals should bear in mind if they wish to stay relevant and sell their products online to millennial consumers, who value originality, sincerity, and creativity above all else. Marketers should focus on finding an original voice for video marketing, one that captures the attention of a culture that gives precedence to personal expression.
At the same time, they should be also mindful of brand consistency and utilize performance marketing data to optimize their content. This is more complex than it sounds, and there is no single, overarching solution. But don’t let the messiness scare you away: by following generally good practices and mixing in your own ideas, it’s not hard to create video content that millennials will appreciate and respond to.
Below you will find five points for devising a competent video marketing strategy targeted to millennial customers -
1. Build Your Strategy on Video Marketing, Not the Other Way Around
In the millennial age, videos no longer play a merely supporting role in your marketing campaign: they have grown to become their own unique marketing strategy. A millennial audience will often begin by consuming video content before entering your sales funnel, and they respond to a style that emphasizes personal expression and reflects consumer sensibilities. For this purpose, the fundamentals of video communication are vital components in your new marketing strategy. Communicating effectively through videos will drive emotional engagement across various disciplines, from customer relationship management to product marketing and cross-platform paid advertising. Learn how a good video is constructed on a fundamental level, and use that knowledge to drive content across your marketing efforts.
2. Take Time to Analyze Your Target Audience
Some marketers think it’s important to deploy an especially complicated and well-researched video strategy when catering to millennials. This can give marketers a feeling of paralysis as they reflect on possible inadequacies in their finances, logistics and brand. It is true that best practice for video marketing geared towards millennials requires some fine-tuning, particularly in terms of identifying the right audience groups. However, that does not mean companies have to sit down and completely rethink their brand to accomplish this.
Narrowing the broader domain of ‘millennials’ into manageable segments is a much easier task thanks to digital marketing tools that largely automate the work. Insight into the best millennial-targeted video marketing strategy comes from testing, analysis, and scale. This is vital to your marketing strategy, since the millennial generation has a hard time trusting too many people too fast.
Instead of attempting to impress your target audience with a traditional advertisement-focused video marketing campaign, your video strategy should be different: it should be extremely visual, experiential, personal, and easy to comprehend.
3. Have the Right Video Marketing Support
Video marketing professionals should have provisions in place to counter the consumer shift in digital platforms. This means arranging for video support that complements your existing production plan:
- Understand your budget. A large budget will allow you to create impressive 360-degree videos which are sure to draw audience’s attention. Even if you’ve got a smaller budget, you can still create amazing video marketing content in VR.
- Kajabi is a great platform for people to create and sell content, courses etc. For video makers, this is a great way to make money from their work; for you, it’s a great resource for supplementing your video library.
- ClickMeeting is a leading webinar solution that enables you to easily generate instructional campaigns.
In every case, you should not rely on any single solution to generate great video content. Creativity and thoughtfulness is essential to set your brand apart from competitors, which means that experimentation is a must.
4. Crowdsourcing, and other creative strategies
When settling on a long-term production strategy for your video content, there are three possibilities:
- You can rely on an internal video-marketing team
- You can outsource these responsibilities to freelancers
- You can crowdsource your content
While the end goal is always to become as self-reliant as possible, don’t forget the importance of creativity in reaching out to millennials. Before settling on a style, be willing to try things out. Find different approaches, and see what works best. By reaching out to freelancers from popular sites like Freelancer and Upwork, you can find diverse talents. Crowdsourcing platforms like veed.me will also give you instant access to new and exciting ideas.
When you find something that works well, you can stick with it and build from there, but don’t confine yourself in the beginning. Strict boundaries will only put a limit on your versatility.
5. Consider Utilizing Artificial Intelligence
The video marketing landscape has greatly changed in the last decade, and Artificial Intelligence (AI) is partly responsible for that. Believe it or not, AI can be used to generate creative ideas for video content. Understandably, some people find the idea of machines driving creative output bizarre and borderline offensive. But when properly utilized, AI will drive and augment human expression rather than supplant it. Don’t think in terms of creative cannibalization, but rather in terms of extended capability.
Martech Advisor has done a good story on how AI can empower video campaigners. New tools like Magisto can speed up the video production process by an exponential factor, helping you to set a good pace and dramatically decrease costs. While it may seem like a novel idea, it’s one more creative solution to consider in order to further differentiate your brand and appeal to a market driven by an appetite for innovation.
In an Internet-driven world, millennial audiences have become extremely fragmented, and video marketers must contend with new challenges if they wish to tap into the millennial market. That being said, the sheer potential of a properly executed video marketing strategy, combined with the purchase/social media power of millennials makes for a blockbuster formula.
The points mentioned above will help you in exploring and defining your video marketing strategy for a new generation of millennial buyers. The risk is small, and the upsides are massive, so find a point that seems helpful and get started today!
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