B2W Blog

How Explainer Videos Can Increase Your Conversion Rates

Written by Broadcast2World | Aug 2, 2024 9:39:24 AM

Content that is both engaging and informative is essential in today's digital world to draw in potential clients.

To boost conversion rates, explainer videos have become an increasingly useful tool for organizations.

These short, animated videos do a great job of conveying the value proposition of your good or service, which raises engagement and eventually increases conversions.

According to HubSpot, Your marketing approach can boost conversions by as much as 80% if you include video.

Explainer video production grasps the viewer's attention more rapidly than text-based content, especially animated explainer videos.

They increase viewer understanding and enhance the possibility that they will convert by demystifying complicated ideas and making your product or service more accessible.

Studies indicate that after viewing a product video, 64% of buyers are more likely to make a purchase.

  1. What is an Explainer Video?
  2. The Importance of Explainer Videos in Digital Marketing
  3. How Do Explainer Videos Help Conversion Rate
  4. Case Studies of Successful Explainer Video Campaigns
  5. Tips for Creating Effective Explainer Videos
  6. Effective Uses of Explainer Videos Across Media

What is an Explainer Video?

An explainer video is a short, informative video that explains a company's product, service, or concept.

These videos typically use a combination of visuals, animations, and a clear narrative to break down complex ideas into easily digestible content.

Explainer videos are designed to be engaging and informative, making it easier for viewers to understand what your business offers.

 

The Importance of Explainer Videos in Digital Marketing

Explainer videos play a crucial role in digital marketing.

They help businesses convey their message quickly and effectively, catering to the short attention spans of online audiences.

These videos can be used across various platforms, including websites, social media, and email campaigns, making them a versatile tool for increasing brand awareness and driving conversions.

How Do Explainer Videos Help Conversion Rate

Explainer video production plays a pivotal role in conversion rate by enhancing several key areas of your marketing strategy.

These videos are designed to engage viewers, simplify complex information, and drive them towards taking action.

By incorporating explainer videos into your marketing efforts, you can significantly boost your conversion rates. Here’s how:

1. Elevate Brand Visibility

Explainer videos can be shared widely on social media and other platforms, making them extremely shareable.

They increase brand recognition by showcasing your company interestingly and excitingly.

When consumers are ready to make a purchase, engaging explainer videos can create a lasting impression and increase the likelihood that they will think about your company.

Research indicates that social video has a 1200% higher sharing rate on social media than text and image combined, indicating the enormous potential for brand visibility and engagement.

 

2. Build Trust with Your Customers

Trust is a critical factor in the decision-making process.

Explainer videos establish trust by providing clear and transparent information about your product or service.

They can include customer testimonials, case studies, and other trust-building elements.

 

According to Wyzowl, 79% of consumers prefer to watch a video to learn about a product, and 84% say that they've been convinced to purchase after watching a brand's video.

By showcasing real-life applications and success stories, explainer videos build credibility and foster a stronger connection with your audience.

3. Showcase Product Offers with Greater Impact

Your product or service's advantages and benefits are skillfully highlighted in explainer videos.

They give a succinct and straightforward explanation, which facilitates visitors' understanding of what you have to offer.

Because potential customers are more likely to act when they understand how your solution can solve their problems, this clarity can result in increased conversion rates.

For instance, Dropbox found that adding a straightforward explanatory video to their homepage increased conversion rates by 10%.

 

4. Increase Repeat Purchase Rate

Explainer videos have the potential to encourage repeat business by offering insightful content and improving the consumer experience.

Consumers are more likely to come back for more purchases if they enjoy watching your videos.

Businesses that produce explainer films can assist in producing captivating videos that pique viewers' attention and encourage them to watch more.

73% of customers, according to Animoto, are more likely to buy a good or service if they can see an explanation video first.

 

The role of explainer video production in conversion rates cannot be overstated.

High-quality production, compelling storytelling, and engaging content are essential for capturing and maintaining viewer attention, building trust and credibility, and driving action.

By investing in professional explainer video production and leveraging the power of analytics, businesses can create effective videos that significantly boost their conversion rates and contribute to their overall marketing success.

Case Studies of Successful Explainer Video Campaigns

1. Kaspersky

Kaspersky Labs, a leading cybersecurity service provider, has introduced a wide range of anti-malware tools to help users safeguard their devices from potential threats.

 

In analyzing Kaspersky's explainer video case study, it's evident that the company aimed to engage its existing customers while simultaneously attracting new leads.

This strategy proved highly successful during the holiday season, as Kaspersky Labs managed to acquire hundreds of new customers, making the period exceptionally profitable.

2. Nirvana

Nirvana is a popular task management app for mobile users, designed to create to-do lists and sync them across all devices.

Its primary goal is to help users prioritize important tasks and boost productivity throughout the day.

 

In a market crowded with numerous task management tools, Nirvana needed a way to stand out.

To achieve this, they created an explainer video that highlighted what sets their product apart from other options.

This strategy paid off, as Nirvana has become one of the most popular task managers, boasting nearly 50,000 downloads on the Google Play Store.

3. Wondershare AniReel

Wondershare is renowned for introducing innovative tools to the market.

Recently, the company unveiled Wondershare Anireel, an exclusive Windows Animation Maker designed to create stunning explainer videos with various animations.

Instead of relying on paid marketing or traditional tactics, Wondershare chose to showcase their new tool by creating an explainer video using Anireel itself.

 

The primary challenge was to demonstrate how Anireel outperformed other animation makers in the market.

This approach proved successful, as AniReel quickly became one of the top-rated animation makers for Windows within just a few months of its launch.

Tips for Creating Effective Explainer Videos

Creating an effective explainer video involves more than just good visuals and engaging scripts. Here are some detailed tips to help you craft videos that not only capture attention but also drive action.

  • Keep it Short: Aim for a video length of 60-90 seconds to maintain viewer interest. Deliver your message concisely and capture attention quickly to avoid losing your audience.
  • Focus on the Benefits: Highlight how your product or service solves a problem or improves the viewer’s life. Emphasize the advantages and real-life scenarios to make your message more compelling.
  • Use a Clear Call to Action: Guide viewers on the next steps to take after watching the video. Be direct, create urgency, and simplify the process to encourage immediate action.
  • Invest in Quality: Ensure your video has high production values to enhance credibility and engagement. Professional production, attention to detail, and engaging visuals can significantly impact how viewers perceive your brand and message.

Effective Uses of Explainer Videos Across Media

Because of their adaptability, explainer videos present a fantastic chance for exposure on a range of media platforms.

Here are a few effective ways to utilize them:

Homepage: Your homepage is the ideal location for your explainer video because it usually receives the most traffic. Putting the video above the fold maximizes visibility and informs viewers about your offering promptly.

 

Retargeting Ads: Using your explainer video in a retargeting ad campaign will engage website visitors who have already visited but have not converted. It's possible that all these people need to know is how your solution takes care of their issues.

 

Sales Outreach: Engaging cold prospects through sales emails can be challenging. Including your explainer video in the initial outreach email, perhaps as an image linked to the video on your site, can dramatically increase engagement.

 

Conclusion

Incorporating explainer videos into your marketing strategy is a proven way to increase conversion rates.

By simplifying complex information, capturing attention, and building trust, these videos can effectively communicate your value proposition and drive more sales.

Partnering with a professional explainer video production company can ensure you create high-quality videos that resonate with your audience and achieve your marketing goals.

If you're looking to boost your conversion rates with explainer videos, consider reaching out to an experienced explainer animated video production company to get started. With the right approach, explainer videos can be a game-changer for your business.