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Marketing Tactics

Victoria Grech’s 7 Rules To Making Powerful Marketing Videos On A Budget

2017 Will be the year of video marketing. Is your business ready?

Nadine Todd

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Victoria Grech

Vital Stats

  • Player: Victoria Grech
  • Company: Video Marketer
  • What they do: Victoria Grech left her corporate career to launch a videography business. She pioneered DSLR videos, and has since moved into training business owners how to shoot, edit and distribute powerful marketing videos on a budget using your smartphone
  • Visit: video-marketer.com

On an average day, we are bombarded by 50 000 adverts. Billboards, TV ads, radio ads, print ads, Facebook, Instagram, SMSes, telemarketers — everyone is screaming for attention. As an entrepreneurial business that doesn’t have the marketing budget of large corporates, you need to break through those barriers, get noticed by customers and build trust.

According to video marketing expert Victoria Grech, an affordable and highly effective way to do that is through video marketing. You can film and edit what you need on a smartphone, and as an entrepreneur you have an edge that many large organisations don’t have: Yourself.

“Video is such a great way for CEOs and business owners to be the face of the business, which is what customers are looking for. They want authenticity. They want to make a meaningful connection with you and your brand. They want to know your story. Are you communicating or connecting? As the head of an entrepreneurial business, this is an excellent opportunity.”

Related: Your 4-Part Formula For Creating Killer Content Marketing Videos

These Are 3 Videos You Need To Create

According to Victoria, it takes three videos to lead up to a sale.

  1. Your first video gives your target market value before asking for the deal. This is purely for them. It should be informative or entertaining — ideally both. There shouldn’t be anything in it for you.
  2. The second video is a content video designed to build rapport and trust. This still shouldn’t focus on the sale, but you can inject more of yourself and your story into this video.
  3. The third video is about the sale. “In the first two videos, you’re working with the pains of the client in mind. You know what product you’re ultimately looking to sell, and you will eventually offer your solution, but first you need to offer value without looking for a sale. If the sale never happens, the customer should still have derived value from your first video. The aim of those videos is to build so much trust and rapport that the customer looks forward to the third video, and wants to do business with you.”

7 Rules For Better Videos

video-marketing-advice

Here are Victoria’s seven rules for producing an attention-grabbing smartphone video that anyone can use to build their business and make sales.

1Relax and be real

“You’re judged within the first five seconds of a video,” Victoria warns. “Your body language says a lot. Are you authentic, real and relaxed? Or are you stiff and reading a script? Making mistakes is okay. Real has flaws. Rather be real than too stiff and practiced.”

Victoria offers a few points of advice on body language as well. Don’t point; no one likes being lectured to. Instead, have an open hand, palm facing upward. Now you’re inviting your viewer in; you’re saying ‘come and join me’.

2Understand your objective

The most important first step to any marketing activity is knowing what you
want to achieve.

“A video puts a face to your brand. In your first video, you need to give enough real, upfront value for the viewer to be happy to give you an opt-in email address. That means keeping the three golden rules in mind: ‘Who am I? What do I do? Why should you care?’ Remember, money is in the relationship you build with your list, not the size of your list, so focus on that first, instead of punting products or services.”

Related: Make Money from YouTube Videos

3Create content that people care about

No one is going to share a video that is an audio-visual product brochure. “When creating content, always think about the viewer first and foremost, and consider WIIFM: What’s in it for me? If what the customer cares about isn’t at the centre of your narrative, you won’t get any traction from your video.”

4Keep it short

Videos should be one to two minutes maximum. Yes, you’ll probably want to add more content, tell more of a story, showcase your products. Resist the urge.

What’s the point of a five-minute video if no-one gets past 90 seconds anyway? However, Facebook Live videos are now rewarding you for engagement for longer videos. This means engagement is key though — a longer video that isn’t watched won’t be rewarded with access to more views.

5Avoid scripts

This relates to the first point. As the CEO and other real people in your organisation talking about the company, you have an unparalleled opportunity to share your passion and authenticity with your target market.

“If you’re reading from a practiced script it’s very hard to sound passionate and authentic,” says Victoria. “Have a cue and a few words, and then draw on the passion you feel for your business to speak directly to your audience.”

6Look as professional as possible

You want to be authentic as an individual, and real people don’t sound rehearsed and scripted, but the product quality of the video should still be high. Thanks to the quality of smartphone cameras and related editing apps, this is possible if you keep a few core tips in mind:

  • “First,” says Victoria, “keep the camera still. Use a tripod to lock off the shot so that your subject matter is moving and not the camera.
  • Next, turn the phone onto airplane mode. There’s nothing worse than losing a great take because a message beeped or the phone rang.
  • Third, make sure you have enough available storage space on the phone.
  • Next, pay attention to your lighting. If you’re filming someone else, the light should be behind you. If you’re on the camera, the light should be facing you.
  • Finally, make sure your audio is good. I believe good audio accounts for 80% of the success of a video. If there are visual problems, a viewer will still listen to the audio, but not vice-versa. Avoid echoes, invest in a mic (Sennhizer makes an iPhone mic — Sennheiser clipmic digital — that works well with FILMIC Pro, a video app), and film in rooms that soak up sound where possible (carpets, curtains and so on, don’t echo).”

Related: 5 Ways To Market Your Business On A Limited Budget

7Shoot to edit

Have the edit in mind before you start shooting, so that you know the shots you need. “Think carefully about which shots will tell your story and which won’t,” Victoria advises.

“Then cut between talking heads and product scenes. Film product and action shots and use your brand person — either yourself or a manager or client — for voiceovers. Never just have a talking head. But, don’t leave a face out entirely either. The best video conversations are with a real person. You need balance.”

Do this

Start creating video content for your customers. All you need is a storyboard, a smartphone and an editing app. Anyone can do it with a bit of practice.

Nadine Todd is the Managing Editor of Entrepreneur Magazine, the How-To guide for growing businesses. Find her on Google+.

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Marketing Tactics

Useful Marketing Tactics For Growing Businesses

Customer acquisition, customer experience and content marketing can be identified as the three most important marketing strategy areas to focus on.

Jandre de Beer

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marketing-tactics

Digital marketing offers the business world so many advantages, including the ability to communicate with their target markets quickly and easily. Unfortunately, digital marketing has also opened doors for companies to flood mail boxes, news feeds and ad spaces with junk mail and spam resulting in customers tuning out to anything irrelevant and suspicious.

Customers have become less likely to trust companies and less receptive to messages. The only way for valuable messaging to stand out from the noise is if a business knows how to market itself properly.

Over and above advertising, there are a lot of other aspects that contribute towards an effective marketing strategy, these include research, email, content creation, list curation, social media and even customer service. To be a successful marketer it isn’t necessary to become an expert in every single marketing tactic, but it is important to master the most important areas. Customer acquisition, customer experience and content marketing can be identified as the three most important marketing strategy areas to focus on.

1. Customer acquisition

Of course, not all customers are the same. Some customers are only interested in buying products on sale from a particular brand and then never interact with that brand again. Acquiring, and of course retaining customers with a high lifetime value should be the overall objective for businesses, but this requires more time and money being invested in better, more qualified leads. While the upfront costs might be higher, in the long-term this investment will pay off with continued business from these lifetime customers.

2. Customer experience

Competitive pricing can’t be the only aspect that businesses focus on in order to stand out against competitors. In the current digital era customers expect a good customer experience when they deal with brands so this should be an important focus area for all businesses. Customers expect fast and seamless experiences such as intuitive user interfaces and processes, fast websites and service response times, as well as accurate information about the problems they face.

Customers don’t want to waste their time on websites that require them to jump through hoops, and they definitely don’t want to feel misled by anything a business is communicating. Customers will quickly move on to other sites that offer better experiences as well as other businesses that are more trustworthy. Good customer experiences can go a long way.

Offering more personalised, interactive engagement tactics and improving the customer technology interface should be high priorities for businesses.

3. Content marketing

Marketing is no longer about telling customers that your brand is the best. With the movement towards content marketing, marketing has become about showing customers why you are the best. Content marketing is a legitimate, effective strategy that every business and brand should make use of. While content marketing is a lot more cost effective than outbound marketing, it also generates three times as many leads and offers many other benefits.

Content is a key feature for growing businesses who want to survive in an information rich environment. Customers are looking for brands that provide value beyond their products so creating high-quality content can help you grab your audience’s attention.

In conclusion

Although there are many other factors that are involved in an effective marketing strategy, seeking out customers with a high lifetime value, providing them with a great customer experience while also providing them with valuable content is a recipe for success.

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Marketing Tactics

An ‘Outside-the-Box’ Approach to the e-Commerce Unboxing Experience

Get started by keeping three elements in mind – recyclable/re-usable packaging, personalised thank-you notes and free samples.

Daniella Shapiro

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ecommerce-unboxing

With a predicted 24,79 million e-commerce users in South Africa by 2021, online shopping is here to stay, making it impossible to escape the predicament of perfecting the art of product packaging. It’s time to think outside the box when it comes to creating a meaningful unboxing experience. Get started by keeping three elements in mind – recyclable/re-usable packaging, personalised thank-you notes and free samples.

Recyclable/Re-Usable Packaging

Certain types of product packaging are having a tremendous negative impact on our environment, with 5.35 trillion pieces of plastic debris littering the world’s oceans, and with 269,000 tonnes of this amount floating on the surface – and plastic isn’t the only culprit. Did you know that it’s impossible for Styrofoam to ever be broken down completely? And that 1 million single-use coffee cups wind up in landfill every single minute of every day? These statistics make it obvious as to why it’s becoming so important for business owners to be more conscious about the type of packaging that they use.

Many business owners wonder if their customers really care whether their business is doing its part to protect the environment. According to Forbes and a 2017 Cone Communications CSR Study, the answer is a resounding ‘YES, they most certainly do!’.

87% of the consumers surveyed stated that they always have a more positive image of a company that supports social or environmental issues, and 88% claimed that they usually feel more loyal toward a company that they know supports social or environmental issues.

Thoughtful Thank-You Notes

The unboxing experience should be a unique and personal one, and it should be just as memorable as the experience of utilising the product itself! So, make it all the more special and build customer loyalty by including a personalised thank you note. Address the customer by their first name, thank them sincerely for their patronage and end off by giving them some helpful advice regarding the product, or share an interesting benefit of using it. Go the extra, extra mile by hand-writing the letter too.

Free Samples

Everyone loves getting free stuff. Why not bolster the unboxing experience by sending over a little bit more than expected? Not only will a free sample put a big smile on the face of the receiver, if they actually enjoy using it, there’s also a good chance that they’ll be coming back to order more. According to Shopify, free samples have the potential to boost sales by as much as 2,000%.

When it comes to packaging, make the right choice. Sustainable, thoughtful, memorable. Your customers, and the environment, will thank you for it.

 

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Marketing Tactics

The Facebook Ads Strategy That Can’t Lose

It’s a numbers game.

Entrepreneur

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facebook-ads-strategy

Running a profitable Facebook Ads campaign is simple. Not always easy, but simple.

There is a formula that can guarantee a profitable Facebook Ad campaign. Once you know the formula and the values to plug in, you’ll never sink money into a losing digital ad campaign again. I know it sounds too good to be true, but stick with me…

The Guaranteed Growth Formula

Here’s the entire formula: CPA < AP

Were you expecting coefficients, remainders and dividing by polynomials? Nope, there are only two values that matter when assessing your digital marketing funnel.

1. CPA – Cost Per Acquisition

2. AP – Average Profit Per Client

If your Cost Per Acquisition, the amount you pay to generate a paying customer using Facebook Ads, is less than the Average Profit you make from each new customer you’re guaranteed a profitable campaign.

Calculating Average Profit

To get average profit per client, sum your total revenue from new clients and subtract what you spent to serve them. Divide the result by the total new clients. For example, if you made $75,000 from 10 new clients over the past year and it cost you $40,000 to serve them, your average profit is:

 ($75,000 – $40,000) / 10 = $3500 Average Profit Per Client

If your average acquisition cost for similar future clients is less than $3500, your campaign will technically be profitable.

Of course most businesses won’t want to spend all of their profit on acquisition. An average business can expect to invest at least 7 percent but no more than 15 percent of revenue in sales and marketing. If Cost of Goods accounts for 60 percent or more of total revenue, your low profit margin may make it difficult to afford successful advertising. Decrease operating costs by increasing efficiency or adjust your margin by raising prices.

Don’t make the mistake of calculating Average Profit based on revenue only from the first sale. Use at least six months of revenue or your lifetime client value as the basis for your calculation, or you risk underfunding your marketing and sales budget.

Related: Here Is Why Your Facebook Ad Campaigns Aren’t Producing Results

Calculating Cost Per Acquisition

Let’s assume you’ve considered all of your marketing and sales costs and determined you can spend $350 per new client on Facebook Ads. Let’s reverse engineer your ad campaign to see if a $350 cost of acquisition is reasonable.

The simplest Facebook ads funnel includes four metrics that build upon each other to determine your acquisition cost. I’ve included standard benchmarks for use as a starting point, but your results may differ:

1. Click-Through Rate (CTR) – Percentage of people clicking on your ad. Your CTR should be near or above 1 percent.

2. Cost Per Click (CPC) – The cost of one website visit. CPC should generally be below $3.

3. Lead Conversion Rate – The percentage of site traffic that becomes qualified leads. This value should be 20 percent or above.

4. Sales Conversion Rate – The percentage of leads that convert to a sale. Aim for sales conversion at or above 5 percent. (E-commerce companies often skip the Lead Conversion stage and have a Sales Conversion Rate of 1 percent or greater.)

If 10,000 people view your ad at a 1 percent CTR, you’ll get about 100 website visits. At a $3 CPC, you’ve spent $300. Since 20 percent of your traffic will become leads and 5 percent of those leads become closed sales, we can calculate that you’ll generate approximately 60 leads and three new customers.

Your estimated acquisition cost using Facebook Ads is $100 per client, which is well within your budget of $350. This cost may rise as you scale and target less optimal prospects, but as long as your acquisition cost is less than $350 you’ll make an acceptable profit.

Complex funnels can include several ads and conversion points, but the Guaranteed Growth Formula of CPA < AP still applies. There’s no immediate reason for concern if your metrics differ from the benchmarks. You can and should split test ideas for improvement if your numbers are far from what you expect, but don’t mess up a good thing until you’ve got a better one.

Optimising Your Guaranteed Growth Funnel

If unhealthy metrics cause your acquisition to cost more than what you’ve budgeted, start with these adjustments:

Click-Through Rate Too Low or Cost Per Click Too High

If your CTR falls far under 1 percent Facebook may stop showing your ads or show them to second-rate audiences causing your traffic to tank and CPC to increase. To improve your click metrics, adjust your ad copy (headline and body text), ad creative (image or video) and highlight the benefits in your offer.

Refine your audience. Tailor your copy, images and call-to-action to the audience you’ve selected and ensure that your audience has the desire and means to act.

Lead Conversion Too Low

If leads aren’t converting at 20 percent or more, either the promise made by your ad isn’t congruent with your landing page, or the process of moving forward is too difficult. Try using the same image and headline in your ad and reduce the form fields in sign-up forms to the bare minimum. Also try retargeting visitors who don’t sign up with ads stating the benefits of acting now, or with a different offer.

Related: Staying Relevant In The Facebook Age Of Meaningful Social Interactions

Sales Conversion Too Low

If you’re an Ecommerce brand with sales conversion below 1 percent your shopping cart or sales process may have too much friction. Simplify the sales process to decrease clutter, or increase trust by adding testimonials and trust signals near important calls to action.

Your sales process may need improvement, but that is beyond this article. In the meantime, you can still increase revenue by cross-selling and upselling those who convert. You may also improve client retention with recurring contracts. Yes, that’s why many software companies are switching to cloud-based subscription models.

When used properly, The Guaranteed Growth Formula of CPA < AP makes Facebook Ad marketing an investment, not an expense. Using the formula, the most you should ever risk is a small initial budget to test whether your estimated calculations hold true in practice.

If your net profit is 3X your acquisition cost, your funnel returns $3 for every $1 you invest. Instead of asking “How much should I spend on marketing?” The question becomes, “How much do I want to make?” I’ve built a Facebook Ad Growth Calculator that incorporates the Guaranteed Growth Formula to help execute your growth strategy. Input your revenue goal and it will estimate the Facebook Ad impressions and traffic required to reach it.

This article was originally posted here on Entrepreneur.com.

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