New Report from Slidely Reveals That Video Marketing Has Hit a Critical Tipping Point Leading into the 2018 Holiday Season, with More Than 50% of Businesses and Marketers Reporting Video Adoption Within the Last Year
The 2018 holiday marketing season is poised to mark the mass adoption of video marketing, according to a new study released today by Slidely. The survey found that more than three-fourths of marketers and business owners are using video as part of their holiday marketing strategy and that nearly half of those surveyed began using video within the last 12 months.
With the holiday season quickly approaching, Slidely, creator ofÂ Promo, the #1 video creation platform for businesses and agencies, published its 2018 Holiday Marketing Trends & Research Report. This study asked 400 business owners and marketers to weigh in on their holiday marketing strategies and plans for the 2018 holiday season.
Nearly half of all respondents said that they began using video marketing within the last year, bringing the total adoption of video marketing to more than three-fourths of all respondents.
â€śWeâ€™ve been watching more and more businesses use video marketing over the last few years to promote their business,â€ť said saidÂ Hila Shitrit Nissim, VP of Communications at Slidely. â€śIt seems like weâ€™ve hit a tipping pointâ€“video marketing is now affordable and accessible to the mass market of businesses both large and small.â€ť
The survey also highlighted the growing competition among businesses vying for theÂ estimatedÂ $720 billionÂ in holiday spending.
Sixty-eight percent of those surveyed said that they feel there is extra competition during the holidays.
When asked how they plan to combat this competition, respondents shared their top strategies and tactics:
The study also revealed that businesses seem to be cautiously optimistic about their holiday campaigns. Forty percent of marketers said that theyâ€™re increasing their ad spend during the holidays.
More than half of the respondents say that they expect the holidays to have a positive impact on their business, but despite 40% saying they plan to increase their ad spend during the holidays, two-thirds of respondents say they have a difficult time quantifying the ROI of their holiday marketing.
â€śWeâ€™re excited to help more businesses adopt and use video marketing because we know it works, as it continuously works for us,â€ť saidÂ Tom More, CEO at Slidely. â€śOur past research has shown that consumers love video content and that it drives action and revenue for businesses. Every business should be able to create and use lots of videos as a core part of their marketing strategy.â€ť
Respondents in the survey pointed to Facebook as the primary platform where 78% are planning to spend the bulk of their 2018 holiday advertising budget.
Promoâ€™s award-winning video platform makes creative videos accessible to all businesses, providing ready-made video templates, over 13 million premium video clips and photos, curated licensed music and a user-friendly editor.
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