A Big Social Shift to Video is Underway – How Is Your Business Adjusting?
Social media is changing so fast today. Having worked in the marketing and technology arena for over 25 years, I realize it’s the nature of the beast. However, I feel like in just the last six months there of been an incredible amount of breakthroughs on the big social networks such as Facebook, Twitter and Instagram.
It got me thinking, if you are a business that isn’t engrained in social on a daily basis as part of your marketing strategy – figuring out where to start would be mind boggling. So much so, I think it’s no wonder that this uncertainty often creates paralysis when it comes to social media marketing.
If you’re a business you may be wondering…
- How am I supposed to keep up?
- What am I missing out on?
Most importantly, you’re probably trying to figure out what actually makes sense for you and what type of budget it requires.
To me, this very topic hits right at the core of any great client-agency relationship. You see, our job at Focal Point is to help you navigate the latest updates updates and put together a social media marketing strategy that actually makes sense for your business.
With that said, I am going to give you the quick, 30,000 ft. view with what’s going on with some of the big players in social media right now. There’s a major trend/common thread I see continuing throughout 2017 and beyond. And that trend is video on social.
Video Is Everywhere on Social Media
I read a prediction recently that suggested in the next couple of years, 80% of all social media will be video posts. That’s right, 80%. I can’t say I disagree with that. In fact, I recently wrote a blog post about how you can get the most out of video by using it to propel your marketing strategy.
There’s no doubt toward the end of 2016 and into 2017, we’ve seen an explosion of video across all social networks. More specifically, live video. Social networks are betting big on live video. But should you? I’ll get to that in a moment.
Mark Zuckerberg has put plenty of resources behind the roll out of live video at Facebook and has clearly given preference to such videos in the newsfeed. We’ve seen many new features rolled out with Facebook live that indicate it’s here to stay. Further, more and more news channels/media outlets are using Facebook live to increase their reach greatly.
Facebook has also added more features for brand pages in the way video is delivered. This includes built-in calls to action (CTA’s) and automatic closed captioning features. This is big as many people view videos on social with the sound off at first.
Even more is on the way, too. 360 degree photos area already here and video is next.
On the Twitter side of the equation, we’ve also seen the rise of live video. Periscope (live video broadcasting tool that used to be a standalone app) is now baked into Twitter and you can go live right from your Twitter account. Additionally, Twitter increased the video length to over 2 minute videos and media (photos and video) no longer counts toward your 140 character total.
While there has been some buzz about the future of Twitter…it’s clear to see they’re investing big on video as well.
Instagram quadrupled its bet on video by taking the previous 15 second video upload limit and increasing it to 4X that amount to a full minute. This Facebook-owned social network also rolled out live video and a host of other features such as Boomerang and Stories (a page out of the Snapchat playbook) which allow for more creative video posts.
Speaking of Snapchat, the new(er) kid on the block is certainly making some waves out there. With over 200 million users and updates to its advertising capabilities, Snapchat is sparking some interest from businesses. And guess what – they’re rolling out more video features. You can now add videos to your Stories, send a video Note and have a video Chat.
Organic Social & Paid Social Advertising
It’s worth noting that this trend toward video is happening majorly on both the organic and paid side of social media advertising. Soon ads will be a part of most video experiences on social media, including live video. As more and more videos are viewed via social media and on the web, I think advertisers that have traditionally used television will begin to make a shift in their ways as well. It’s this simple: more eyeballs will be on mobile devices than TV screens consuming video.
So, What Next?
Now you’ve got a better understanding of this social shift that is taking place across networks such as Facebook, Twitter, Instagram and Snapchat. But what are you supposed to do next? If you’ve never even published a video from your business on a social media network, you may be overwhelmed with all of the things to consider.
Then there’s live video. Just because it is available and on the rise doesn’t necessarily mean it makes sense for your business. In fact, I’d say there are some things you should definitely consider before you jump into live video. All things that I’d be happy to discuss.
My hope is that I’ve started a conversation with this post. It’s a conversation that needs to take place if you’re at all in the game of social media advertising. And it’s a conversation I’d love to have with you. Here’s how to reach me…