Video Commerce in a YouTube World

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Justin Foster Co-Founder, VP Market Dev, Liveclicker Founder/President, Video Commerce Consortium 253-988-3183 justin@liveclicker.com   The State of Video and E-Commerce Using Persuasive Techniques with Video  Motivation, Simplicity, and Triggers  8-Step Process for Creating Persuasive Video  Q&A Practitioner Revenue Lift1 133% - 200% 200% 40% “Substantial Lift.” “It Works.” Source: Video Commerce Consortium, “Building an Effective Video Commerce Strategy,” Nov. 2008 Practitioner Revenue Lift1 88% Returns down 10% 50% 44% 50.1% - 138.9% Source: Video Commerce Consortium, “Building an Effective Video Commerce Strategy,” Nov. 2008       Engage shoppers with storytelling Humanize the selling process Show products as they appear in “real life” Entertain and educate Reduce uncertainty and fear Provide a richer customer experience Fogg Behavior Model   Every product solves a problem  Pleasure/Pain, Hope/Fear, Acceptance/Rejection Consider leveraging personas with video  Save customers the physical effort by bringing video to them  Three Characteristics of Successful Triggers  Must be noticeable.  Must be associated with the target behavior.  Occurs when we are both motivated and are able to perform the target behavior. 1. Choose a simple behavior to target. 2. Find a receptive audience (placement, cat, product) Product Pages Site Search Purchase Targeted Email Category Pages Brand Pages Preference (Loyalty) Consideration Untargeted Email Untargeted Display Awareness 3. Find what is preventing the target behavior 4. Ensure the video fits the context of the channel (Loyalty) Purchase Service/Support Product Pages How-To, Troubleshoot Educate, Feature & Benefit Preference Consideration Site Search Targeted Email Category Pages Feature & Benefit, Making Choices Product Viewpoint Special Offers / Opportunities Brand Pages Awareness Untargeted Email Untargeted Display Branding w/Call To Action Contextual/Behavioral Targeted w/Product or Offer Feature 5. Find relevant examples of persuasive video   http://video-commerce.org/2009/more-retail-video-examples/ http://video-commerce.org/2009/which-online-retailers-are-using-video/ 6. 7. 8. Imitate successful examples Test & iterate quickly, using lower-cost production methods at first (if you can) Expand on success  Persuasive Technology  8 step process for designing persuasive tech: BJ Fogg, Ph.D.  Fogg Behavior Model: BJ Fogg, Ph.D.  Video Commerce Consortium  Largest and fastest-growing consortium of interactive marketers seeking to learn about and advance the use of video in e-commerce Justin Foster Co-Founder, VP Market Dev, Liveclicker Founder/President, Video Commerce Consortium 253-988-3183 justin@liveclicker.com

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