Get Your FREE The Beginners Guide to SEO

In a fast-paced, dynamic field such as SEO, it is crucial to stay well-informed. Even seasoned SEO experts understand the need to keep on learning lest they become obsolete. Emerging trends. Algorithmic changes. Technological advancements. These are some of the few things every SEO professional should be watching out for. But if you haven’t been keeping an eye on these for whatever reason, don’t worry. We’ve got your covered.

Download Now

Online Shoppers 1.6X More Likely To Make Purchase After Viewing Video [Report]

0

video-mobile-ss-1920

Turns out videos are not only winning all the buzz in digital lately, but are also directly impacting online sales according to a new report from video marketing platform Invodo.

Based on video data from Invodo’s more than 100 retail clients, spanning a variety of industries, the Video Commerce Benchmarks Report found online shoppers who viewed a video were, on average, 1.6x more like to make a purchase compared to shoppers who did not view a video.

Invodo said customers of online-only retail sites were 1.7x more likely to make a purchase, while consumers of multichannel retailers were 1.2x more likely to buy. The company’s top performers saw consumers 3.3x more likely to buy after viewing a video.

Video’s Influence on Online Shopping

invodo view influence

Analyzing e-commerce site video viewing patterns, Invodo discovered videos on product pages earned an average 16.8 percent view rate, 75 percent higher than site-wide video viewing averages. The report also found nearly four out of every five videos received positive reviews.

According to the report findings, more than two in three shoppers reached an 80 percent completion rate when viewing a video in 2014, up eight percent from 2013.

Measuring daily video views throughout last year, Invodo said more views happened on Sundays than any other day of the week, with the total number of online retailer video views up 54 percent over 2013.

Of the e-commerce video views tracked by Invodo, 62 percent occurred on a desktop, 20 percent on a smartphone and 18 percent on a tablet.

Last holiday season resulted in the highest rate of video views for the whole year, with 43 percent of all 2014 views happening in Q4.

Black Friday accounted for the most video views in a single day.

Daily Video Views in 2014

invodo daily views


Attend MarTech and hear first-hand how brands like Coca-Cola, Aetna, Dell, EMC and Netflix are harnessing the power of technology to produce exceptional customer experiences that deliver business results. Visit with over 60 companies in expo hall. Don’t miss the only US-based MarTech conference this year. Register today!

About The Author

(Some images used under license from Shutterstock.com.)

Leave A Reply

Your email address will not be published.