According to a recent study published by Wistia, consumers watched more than 23,000 YEARS of video in 2020 alone. This means more video was watched last year than the entire history of modern civilization! And it’s almost certain to continue to break records. Why? Because video transfers more information to a consumer in the least amount of time, while also creating the greatest amount of emotion when compared to any other visual medium.
Perhaps even more interesting is HOW consumers are watching video content. According to an article in Forbes, about 72% of consumers watch video content solely on their smartphones. More so than on a movie screen, their desktop, or anywhere else. New video apps and features are infiltrating the current market offering an increasing number of ways for consumers to view this content. Even Pinterest, which has historically been a single image-only site, has started to adopt video into its platform. This is why your dealership must understand that video isn't just the future, it is the NOW.
Every industry has either begun the transfer to video or is fully engulfed in it, and the automotive industry is no different. Moving forward, high-quality and innovative video experiences on your dealership websites and in the different stages of the buying cycle will set your dealership apart from the rest when it comes to building relationships with shoppers.
Why do you think that nearly every business is scrambling to include video in their marketing strategy? Because it works, and the data is there to back it up!
Entrepreneur magazine recently featured an article stating that consumers want to, “See, Watch and Buy. In that Order.” How does this apply to your dealership website? When a consumer lands on your SRP or VDP, they are “seeing” your inventory. The next step is to “watch” the vehicle via a video. Whether that is a stitched photo video, a live video walkaround, or an interactive 360 spin, video content engages viewers and saves them from clicking through uninteresting photos and from having to read a large amount of text.
Consumers want to feel empowered to gain as much information about a vehicle as possible, as quickly as possible. Why has the test drive and product demonstration been a part of the basic steps to selling a car for decades? Because it works! And now, the technology exists to accomplish the same thing online.
The point is to make content consumers like, while also making that content in the form consumers want to consume. Then make it even better! Watching a video of a vehicle is great, but if you personalize that content and make it resonate with the customer in front of you, then you can move them further down the funnel.
It also helps to have trackable data you can use for your marketing. Use personalized videos on platforms that provide useful marketing data, and which integrate with your CRM for ease of follow-up. “Easy” doesn’t have to mean that quality suffers.
Make it easy to create videos that consumers desire, that they can view on their mobile phones, with data that integrates into your CRM so you can follow up with them appropriately. This will help turn your dealership into a marketing powerhouse that rules over any competition!