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3 Ways Corporate Video Production Increases Your Company’s Profitability

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Not sure if you’ve heard, but it seems companies are pretty enthusiastic about corporate video production and the potential it has to influence prospects. But for all the demand placed on sales and marketing departments, it might be difficult to understand exactly how exactly video can directly impact revenue.

Yes.. all the major media outlets are telling you that video is hot. Video increases profitability. But it’s often difficult to understand how and where exactly video creates a direct impact on your bottom line.

To start, it’s important to assess areas in your business where video could be a good fit to help save costs. Here are a few good questions to ask:

What areas of our business can we save time (money)?
Where can video help answer potential customer questions?
How can we use video to enhance our appeal?

Answering these questions help you set the right goals – because tracking the number of views or shares is often not the best way to track effectiveness. This also means that views/shares aren’t necessarily a good indicator of profitability. Said another way: views often have no effect on your bottom line.

The benefits of corporate video production are not always found in the more traditional ROI measurements of marketing, as in, not every video is made must generate leads and customers in order to be profitable. Some of the best uses of corporate video have much more to do with their efficiencies in saving time and money across departments. Here are three ways corporate video production can increase your profitability:

Qualify Leads

Today’s consumers spend far more time researching prospective products/services before they bother engaging with you. Video saves you time and money during the sales process by educating your potential clients. This helps you qualify leads before you engage. Video can answer the questions folks unfamiliar with your brand or service might have. You can improve your sales process by creating videos or video series’ that provide prospects with answers to common questions, demonstrates a typical use-case of your product, or connect with potential buyers. If you find that one of every ten sales calls is a ready buyer, a video series may help push a few of those on the fence onto your side. More educated buyers translates to less calls from prospects who are not truly prospects, and less time your team spends on the phone educating folks about your product or service. This enables your team to focus on prospects who are genuinely excited about potentially working with you.

Recruiting and Training Staff

Chances are you have a process in place for recruiting talent to your company and for onboarding that talent once they join your team. Who conducts these searches and performs the standardized training? Searching for employees that are the right fit can be incredibly time-intensive, so consider creating a video that highlights your company culture. Show your newest additions what it’s like to be part of your team. A video that effectively captures your company’s culture will strike a chord with the right talent.

Another way to increase profitability is with training those great hires. Streamline training by creating videos about company processes and policies, basic software training, or other required training like safety. This is especially helpful with products or services that traditionally require subject matter experts to be on hand for in-person training. Video can educate employees on the basics prior to their arrival, encouraging a deeper conversation about products or processes. Sure, you’ll still want to interact with employees, but the video can address the basic level questions that allow your trainers to have more in-depth and productive conversations during the onboarding process. This frees up your subject matter experts to conduct tasks that will help contribute to your company’s bottom line – such as getting more involved in industry events or interacting with potential customers.

Improve Your Brand

People make buying decisions based on emotions. If someone comes to your website, they instantly form an opinion about your brand. If your website is slick and efficient, they translate that experience to your brand – they’ll feel that your product is top quality. Crappy websites do the exact opposite. When was the last time you felt confident about purchasing a product or service from a crappy-looking website? The same holds true for video. A tight, well-crafted video instills confidence in your buyer. A poorly put together video has an adverse effect, as they translate a simple or basic video means that you have a simple or basic product. Consumers are far more likely to purchase from a brand that they form a connection with, and a video is an extension of your brand in much the same way as your website. Obviously, this one’s a little more tricky to quantify in terms of metrics but listen to your buyers after they make their decision to go with you. Do they say something along the lines of “You guys just felt like the right decision.” Boom. Mission accomplished.

These are just some of the things to consider when using video to improve your company’s bottom line. When you’re deciding how to use corporate video to your advantage, think about where it’s going to help your business, where you’re trying to improve your company or structure, and what processes could be in video form instead of repeated by employees. And remember, if you’re making corporate videos for marketing and fundraising, the most important things you can focus on are quality and authenticity.

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About the Author

Chad Vossen, Chief Creative Officer and Co-Founder

Chad Vossen is the Chief Creative Officer and Co-Founder at 522. Chad’s combination of documentary filmmaking and marketing skills allows him to have a unique approach when connecting a client with what matters to their audience. Outside of work, Chad loves reading, writing, and finding cool new videos, in addition to spending time with his two daughters and his wife, Alisa.

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522 made the LIST

Have you ever had that feeling where you need to be pinched because life’s too good that you must be dreaming? That’s us right now!

Every year Inc. 5000 compiles a list to rank the country’s top 5000 fastest-growing private companies. The 2017 Inc. 5000 list was released, and guess what? We made the cut. That’s right, 522 Productions is one of fastest growing private companies in the country!

It truly is an honor to be included on this list, and we couldn’t have done it without our staff, network, and of course, our clients. Thanks to our clients we are able to do what we love every day. Being trusted to tell their stories through our lenses is an honor all in itself, but we aren’t finished growing yet. We want to help more companies utilize video and we believe every organization deserves great video. Whether it’s an about us video, product demonstration, corporate or anything else you can think of, let us create it with you.

We’d like to thank the Inc. 5000 for including us on this year’s list among other notable companies, including Halo Top Creamery, Orangetheory Fitness, S’well, and Bitly. The Inc. 5000 list has included many amazing companies in the past that are now household names, such as Under Armour, GoPro, Microsoft, and Patagonia to name a few.

Take a look at the list for yourself to check out the other 4999 fastest growing private companies in the country.

5 Benefits for Using Animation in Your Brand’s Video Content

Video can come in many different forms and there are a variety of ways to connect with your brand’s audience. In today’s world, one of the popular ways for marketers to tell a story is through animation. Animated videos are very effective now because they have become more affordable and also circumvent some of the challenges with live action video (finding actors, scheduling interviews, identifying locations, etc.). When used correctly, animated video content can make a significant impact on the viewer. For brands, animation offers five unique benefits: Continue reading “5 Benefits for Using Animation in Your Brand’s Video Content”

Spotlight Case Study: Save the Children UK

On March 5, 2014, Save the Children UK released a 94-second video to raise awareness and support for children affected by war in Syria. A stunning example of capturing a powerful message, the video, entitled “Most Shocking Second a Day Video,” received over 28 million views and 20 thousand comments on YouTube alone. With these numbers, it’s clear that Save the Children UK topped the video marketing charts in March. The most shocking thing about the video is its illustration of the harsh realities many children live through every day. Continue reading “Spotlight Case Study: Save the Children UK”

2014: The Year of the Mobile Device and Video

According to Digital Buzz, four-fifths of consumers plan to use their mobile device to make purchases in the next year. Comparatively, the exact same percentage of consumers spends most of their time doing something else while watching television. What does this mean for marketers? The average consumer is becoming less dependent on television as a source of entertainment and news. With 15% of internet traffic being generated from mobile devices, mobile content has become the future of marketing. Let’s take a look at the significance of mobile video marketing. Continue reading “2014: The Year of the Mobile Device and Video”

Why Dry Erase Animation Works and How to Use It

If you’ve browsed through YouTube videos anytime within the past 6 months, chances are that you’ve stumbled upon videos that incorporate dry erase animation. In these videos, a single hand fluidly animates images that visually emphasize the content of the narration. Whether it’s our curiosity in seeing how the video unfolds or the unique production of these videos, they capture our attention and can compel your consumers to action as well. Continue reading “Why Dry Erase Animation Works and How to Use It”

The New Mac Pro Website

Just so you know, this isn’t a post about the new Mac Pro’s specs and features. I actually wanted to talk about something that impressed me more than the computer. It’s the website that Apple developed for the launch. In my opinion, the site is about as sleek as the computer itself. You can check out the site here. Based on my initial experience with the site, here are a few key things I noticed: Continue reading “The New Mac Pro Website”

A Survival Guide to the Digital App-ocalypse

As I sip on my 3rd coffee of the morning and flip through the App Store, my paranoia increases. Maybe it’s the caffeine or just a genetic habit, but my mind is racing with the thought of someone, somewhere, developing an app that will replace me as a designer and filmmaker. The idea itself is not that far off. There are creative apps for everything. Consumers are creating imagery, websites and videos with the help of these little creatives (keeping it kid-friendly for this post). It’s only a matter of time before the apps become self-aware and enslaves the human race, and quite possibly will make us suffer for taking vintage looking pictures with retina display technology.
Continue reading “A Survival Guide to the Digital App-ocalypse”

7 Creative Ideas for Vine Marketing

It’s official: Vine’s roots have taken hold of the marketing industry. With Hollywood, Fortune 500 companies, and marketing agencies all taking advantage of Vine’s platform, it’s more important than ever to use creativity to make your brand stand out. However, it can be difficult to effectively showcase your brand and creativity within just 6 seconds of video. Brands that do this well experience incredible results while those with haphazard content see almost no return.

Unlike Instagram where you’re showing off your photography skills, Vine is all about creativity and ingenuity. Brands that successfully pull this off create a positive image and increase their chances of going viral. Stuck trying to come up with a neat Vine idea for your brand? Try incorporating these 7 awesome ideas into your Vine marketing campaign for maximum results!
Continue reading “7 Creative Ideas for Vine Marketing”

Under Armour’s “I Will” Campaign: Kemba Walker

In a recent post on 522 Digital’s Blog, I highlighted Under Armour’s “I Will” campaign, take a look at it here. Today, I wanted to focus on a particular video from that campaign. Certain videos can really move and motivate the viewer. This campaign is effective in this matter. The Bryce Harper spot was the first video I saw, and it got me instantly hooked. From there, I watched every video in the series, went to their website and even checked out their social media sites. The video I saw was one successful video! Let’s break down what made it so successful. Continue reading “Under Armour’s “I Will” Campaign: Kemba Walker”

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