In assessing the many reasons video is leading in marketing popularity what stands out most is that it can capture an audience’s attention and tell a compelling story in as little as 35 seconds. Video enhances trust as a potential buyer is able to assess a company’s brand essence and/or a person’s expertise through motion, sight and sound quicker than the written word or still images alone.
Following is a testimonial video we produced for a client who is a real estate developer out of Calgary, Alberta. Their recreational development, Mountain Shadows RV Resort, is a beautiful piece of paradise located in Radium, B.C.
The video was created to give potential lot purchasers an idea of the experience they would have in owning at the Resort. The footage was shot impromptu using a point and shoot camera (which I wouldn’t normally recommend), however our amazing videographer Mat, did a great job putting the entire production together as a high quality video.
Other interesting facts about video:
It’s 6X more likely to turn a website looky-loo into a buyer.
20% of people may read text on a web page vs 80% who will watch the same content in video format.
A company’s website is 50X more likely to be ranked on the 1st page of Google with a video on it.
100 million online users watch at least one video per month. (This includes silly viral cat videos but still…)
90% of online shoppers say video influences their shopping decisions and retailers say it helps them sell more product.
Search engines rank videos higher than most other content on the web, especially if the video is “tagged” properly.
75% of executives told Forbes that they watch work-related videos on business websites at least once a week.
Did you know that YouTube is the 2nd largest search engine? People enjoy having a more personal experience which is what happens when we picture ourselves in a production whether it’s “virtually” meeting a potential service provider speaking on a topic of interest or placing oneself in the natural surroundings of Mountain Shadows Resort.
Video is also a powerful way to reach a large audience given the production targets the right buyer and is entertaining, touching or interesting enough to go viral. If so, it can be shared amongst thousands or hundreds of thousands of social media users within days. A video acts as your 24/7/365 a day sales professional that works on your behalf even while you sleep or are having fun on the golf course!
Companies of all sizes need to make video part of their integrated marketing strategy and it doesn’t have to be flashy or expensive as demonstrated in the Mountain Shadows example above. Take note however, a video should be professionally produced in order to set the right tone and try to keep it under 3 minutes long or you may loose the viewer. We only have so much mind share available in today’s busy world which is why video is an ideal medium for influencing the customer and telling our company’s story.
Now’s the time when many people are preparing to spend the holidays with family and friends, wrapping up another year of business and looking at what 2013 will bring. For us here at Activ8, it’s been a fun and progressive time working with great clients and adding another component to our business, training professionals to be social media savvy.
We love what we do in the creative industry sharing ideas and strategies that help people and businesses to succeed. What we enjoy most is empowering others to be highly effective communicators delivering their talents and value offerings to the world through their businesses. I recently taught a class for the Squamish Nation’s Small Business Program where entrepreneurs can learn how to use social media to advance their business communications. The new course was a huge success and I’m grateful to program administrator, Geena Jackson for presenting us with this wonderful opportunity.
And a recently fun find for corporate Christmas gifting is a company called Sugar Cookies and Confections who I think does a fantastic job of helping businesses to spread festive cheer with their customers while sending a brand message in a fun, tasty and memorable way.
Another fabulous idea whether for corporate clients or personal purposes is to give the gift of art and culture throughSpirit Works Authentic Aboriginal Artwork. These beautiful bentwood boxes in Coast Salish style are an excellent way to express your gratitude to someone important.
The boxes are also quite practical for using in the home or at the office!
Merry Christmas to all! May this Christmas season bring you together with your favorite people sharing in the holiday spirit. Best wishes for a happy, healthy and successful 2013.
On October 30th, I co-hosted an evening of enlightening conversation on “Trust, Values and Investing” with Bonnie Foley-Wong of Pique Ventures.
Wet weather aside, there was a fantastic turnout of diverse entrepreneurs and investors interested in learning about a values-based approach to investing and intuitive decision-making, in addition to how effective, authentic communication helps to build trust and rewarding relationships.
The evening consisted of an open dialog where people candidly shared their experiences, whether it was entrepreneurs seeking investors aligned with their values and strategic vision or investors looking for companies they can believe in and support.
Some questions that arose included:
How can I find out if a business or individual is the “real deal” and not simply hiding behind a slick web presence?
Does social media provide a good foundation for connection with others? Do I need to be visible online as an individual?
How do I identify alignment to assess a fit with investors or when making an investment?
What role does intuition play in the decision making process?
Reputation was the starting point to the conversation. Learning about an individual or company in order to assess a good fit on both sides of investing or deal making is crucial. How do they communicate through all touch points with their audience? What is the individual or business known for? Do they walk their talk? What is their tone of voice, values, brand character and culture saying about them? By asking around and checking social media channels and conventional media, you can gain an idea of who the person or organization is and how they operate.
Research shows that consumers believe 90% of word of mouth and online feedback on a brand verses a meager 40% trust in paid advertising.
A big brand like Nike or Apple has developed a high degree of trust in the marketplace as a familiar household name with quality products, consistent customer service and brand awareness built up over an extended period of time.
What does a start-up company or an entrepreneur do without a visible web presence? Get one. A LinkedIn profile at the very least will assist a potential buyer with their due diligence when they want to find out about you and your business. Google is the first place most of us check when considering what restaurant to eat at, what car to buy, what stock to invest in and who to do business with. Information that shows up in a targeted search provides the first point of contact. This helps to create a degree of trust that connecting with an individual or business will lead to a positive experience. Done correctly, it’s a powerful door opener.
I’m always surprised when I meet the odd entrepreneur that says they want to stay anonymous online as it will definitely stifle business opportunities when a prospect is searching for what their business offers. That said, there are circumstances where a company succeeds in using a direct sales approach only. While still possible to reach targeted prospects, it ups the game tremendously when an individual or business has an online profile that is active and engaging.
Most people in the room that night agreed that the digital age we live in creates many opportunities to deliver a compelling message and connect with a large network of like-minded people who could become customers, investors and loyal supporters; although it doesn’t replace face-to-face meetings if the stakes are high.
When it comes to raising sizable venture capital from the angel community or other financiers, nothing beats an in-person meeting where an entrepreneur can share their passion, experience and business acumen; and a potential investor can use the tried and true method of “gut instinct” combined with facts to decide if the business and individual are a solid investment.
I encourage you to visit Bonnie at Pique Ventures and follow her social media channels as she offers a tremendous amount of valuable insights and advice for investors and entrepreneurs looking for the right investment connection. Think of her as your personal entrepreneur/investor matchmaker where she puts people together who are aligned in values, vision, interests and investment style. She is turning the old school investing model on its head to create a better world by bringing together innovators and social capital that results in positive change.
People used to invest in businesses they knew well – their neighbour’s business, local businesses, a friend’s business…
Stock exchanges and mutual funds made investing more accessible and more efficient, but we’ve become more distant from our businesses. The economic crisis of 2008 caused many people to lose confidence in stock markets, in banks, and in their financial advisors.
However, with new technologies, social media, and crowdfunding platforms, things are changing. Or are they? At our Crowdfunding event in August, some people asked how we could tell the difference between a scam or an authentic project.
Let’s Talk About Trust.
Join Bonnie Foley-Wong, Founder of Pique Ventures, and Loa Fridfrinnson, Founder of Activ8 Corporate Relations, for a candid conversation over drinks and nibbles around:
Building trust in an investment relationship between investors and entrepreneurs
What are investors relations or corporate relations?
What roles do social media and marketing play in building trust and investment relationships?
This is the fifth of a series of events held monthly to talk about a different approach to investing. We thought we’d cut to the chase and start talking about the things that help us or prevent us from investing with our values.
In the old days before the vast power of the Internet to share information, groups of people (most often friends and family) would pitch in to offer financial support for an individual or organization’s project or cause, ensuring it could be funded and completed.
By today’s understanding, crowd funding has become synonymous with fundraising through social media networks that exist on all sorts of topics, where the beneficiaries of the funds can be for-profit or non-profit organizations. Social media presents a powerful platform to create a movement, especially when emotion is involved.
Take the well-publicized story of the New York grandmother who was harassed on a city bus a few months ago by a group of youths. A bystander caught the event on video and posted it to the Internet. A kind man, Max Sidorov of Toronto saw the heart-wrenching video of Karen Klein’s traumatic bus experience and created a $5,000 campaign on Indiegogo.com to give Klein a much-needed vacation. Over 30,000 donors saw the campaign video and responded, raising over $700,000. That’s a lot of support by a group of empathetic people moved by her experience. And good for Max for initiating such a cause.
For-profit businesses that are successful and became Internet phenomena are those that produce products like the Pebble smartwatch invented by Eric Migicovsky while he was biking through Europe.
He wanted a watch that allowed him to check emails where he could simply look down at his wrist instead of dropping his smartphone while he was riding. The campaign raised just under $10.3 million on the popular crowdfunding platform, Kickstarter in early 2012 from nearly 69,000 backers having initially sought only $100,000.
The watch was popular because of its cool factor, uniqueness, style, usefulness and versatility with the functionality of computer applications such as email and social media that make it convenient and easy for athletic people to stay connected.
There are four models of crowd funding that exist today:
Rewards – funders receive a non-financial reward in return which could include pre-buy of the product, name credits/public recognition or an act of appreciation of some kind.
Donations – funders believe in a particular cause and have a desire to help so donate money to advance the project without any expected return. (philanthropic motives)
Equity – funders are excited about a new venture and believe it will provide monetary gain in the way of an investment in the project/company. They are investors in the business and gain equity or have profit sharing arrangements.
Loans – funders lend a principal amount of money to a venture collecting interest for the term period, similar to a bank, and expect their principal returned upon maturing of the loan.
A crowd funding project that does well is like any successful business, the product or service serves some purpose in society where people are excited about owning and using it, or their emotional buttons are pushed and they donate to a cause where they feel their contribution can make a difference.
Anyone with a good idea where their story is well told and appeals to the “crowd” can use online funding methods however the individual has to keep in mind that there must be a community that has developed around the project, or one that exists somewhere that can be accessed. If people do not know about a project, they won’t rally around it.
There are numerous examples of individuals or business putting up a crowd funding profile without a compelling enough reason for virtual backers to get behind it. And without a solid marketing program, it’s the old tree in the woods analogy. If a tree falls and no one is there to hear it, did it really fall? The same applies with crowd funding. Using the power of social media, one needs a great product or service and a sound marketing strategy. There are circumstances where a video like the grandmother bullied on the bus goes viral because it yanks at people’s heartstrings, or a cat keying a piano is shared millions of times because it’s so different from what we are used to seeing.
It’s the same with traditional media, any project’s “story” that is highly innovative and useful, or out of the ordinary in an entertaining way has public interest value and therefore gets shared. Popular project categories with strong stories that tend to get funded most often include: the arts, film, food, technology and philanthropy, among others.
Websites like Kickstarter.com and Indiegogo.com are online crowd funding platforms that allow individuals, companies or causes to upload information on their project where donations are collected through secure payment processes such as Paypal and donors can easily share the information with their social media networks.
As mentioned above, one doesn’t require a lot of resources to upload a profile and tell a story through a crowd funding platform however once you obtain the funding, you must follow through with your promise of delivering the goods or services or you will loose all credibility and could face lawsuits.
Nonprofits have also used crowd funding very successfully. Organizations like the Red Cross raised money online for their humanitarian projects such as the 2010 Haiti earthquake.
In order to build a community that will support crowd funding or micro-donations, it’s important to target Internet-savvy people, (the GenX and GenY, 45 or younger adult population) who are comfortable with online transactions. Most are educated, technology friendly and appreciate products like watches, game consoles, and art, and are comfortable donating online.
Recently online crowd funding entered the North American equity markets as policy makers in the United States passed a bill known as the JOBS Act signed by President Obama on April 5, 2012. This act allows for a wider pool of small investors to take an equity stake in a company with fewer securities restrictions. The U.S. Securities and Exchange Commission is currently working on specific rules and guidelines to enact the legislation while still protecting the needs of the investor. This opens up a new playing field for entrepreneurs and the investment community. Finance groups are lobbying around equity crowd funding in Canada, however, at this time it remains illegal.
That said, we are most likely not going to let more of our talent and capital flow south of the border. Eventually our regulators will figure out a way to protect the investor so that we can be competitive with our U.S. neighbors, not to mention the UK and Australia who have been using online equity crowd funding successfully for some time.
Where do you think this new channel of fundraising will lead our businesses, economies and societies? We’d enjoy hearing your thoughts.
Crowdfunding is a fairly new term born with the uprising and mainstreaming of social media. Essentially, it is using crowdsourcing to raise funds by asking a community of members that care about a business, product, service, or cause to contribute to the financing and progress of the project. Especially in today’s lean economy, it’s easier to ask 100,000 people loyal to a brand to donate $1.00 to a venture or cause they believe in rather than asking 1 person to part with $100,000 of their hard earned money.
1) Interest – something that captivates emotion, tells a strong story and is lead by a real person with passion and authenticity.
2) Community – the venture must have an existing network of community and brand advocates to validate the story and is the first point of traction in order to initiate a successful crowdfunding campaign.
3) Cool Perks – most campaigns give-a-way fun stuff that you receive in exchange for your donation such as singing lessons or an artist may include you in their creation. eg. Having your picture on the cover of their album.
In this video Brian Meece, CEO of RocketHub explains Crowdfunding:
This video shows the tremendous impact social media is making in our lives. Adoption is here and this form of communication is how we now share information and opinions on our experiences everyday. Enjoy the video and let us know how you see it changing our world.
After speaking at, exhibiting and attending Vancouver’s only dedicated IR Conference at the Fairmont Waterfront Hotel on January 20th, I was impressed by the caliber of people who I had the pleasure of meeting and networking with. Congratulations to conference producers, Howard Fitch and Neil Lock of MarketEdge Media for their incredibly well organized show filled with engaging, timely topics on all subjects related to public company success.
I hope you find my talk educational and that it delivers insights into the benefits of having your company active in the social media space. Let us know if you’d like some help navigating this rapidly evolving area by emailing loa@activ8inc.com or calling us at 604-687-2004.
Our very own Loa Fridfinnson will be speaking on “Social Media ROI” at the upcoming IR Conference on Jan 20th at the Waterfront Hotel. The talk is open to the public (free admission) at 9:15AM. If you’d like to learn more about social media for your business, we’d love to see you there! We will also be exhibiting in booth #18.
Session synopsis:
Millions of people globally have adopted social media as a way to find and share information on products, services and investments they are interested in. Social Media is now an essential part of the communication mix for IROs whose responsibility it is to protect and enhance the reputation of their companies. Often there can be a push-back from management to invest in this vastly expanding area because they don’t quite understand it, and/or think there is too much risk. Loa will unravel the mysteries of online communication explaining why it’s essential for public companies to have a voice in social media, how to show ROI, and remain compliant.
A friend and brilliant retail analyst @DavidIanGray (Twitter name) is living proof that social media can be fruitful when done right. He booked a well-deserved vacation to Europe a couple months ago and before leaving sent a Twitter message (similar to the sample below) to his follower network that he would be in London and did anyone want to meet up to talk retail?
Low and behold, he ends up meeting with a UK executive that helped him land a big deal with an international company. I highly recommend following him to learn the art of online conversation and for ideas of what makes a post engaging. He’s quite a character and puts himself out there, that’s his style. You will find your own natural tone online. Point is, watch how he interacts and invites communication with others.
News, Social Media | admin January 8, 2013 | 
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