Everybody is talking about 360 degree interactive video marketing, but what does it really mean? Can it really reshape business videos and video production companys the way people say? How would you benefit from this type of online video content?
We are increasingly approached by people wanting to know about 360 degree interactive video, and it’s easy to understand why it’s becoming so popular. People are 66% more likely to watch it, and they do so for 44% longer, plus the way they interact with it produces lots of useful feedback. One study found that 360 videos produce twice as many conversions as traditional ones, with click-to-purchase rates up to 14 times as high.
Sound good? Read on to find out more.
So, what is 360 video?
360 video is an engaging type of video content which has gained popularity in recent months with Facebook and Youtube. It allows the viewer to move around the camera without limits, giving them control of what they see.
It’s a technology immediately making a splash, after the Immersive Media Company put a 360 panorama camera in the middle of a basketball court, marketers immediately saw the potential of this, but it took another nine years for the video production company to release a panorama camera – the spherical Dodeca System – to the wider market. This was a system inspired by the multifaceted bug eyes found in nature, developed through science to revolutionise filming in studio and outdoor settings.
Since then, 360 video has come a long way. The idea of being able to watch a sequence and click anywhere, at any time, to change perspective, was popularised in computer games and became even more popular with the invention of Virtual Reality headsets like Oculus Rift and Google Cardboard. These innovations gave users access to a more compelling experience. The 360 video camera technology was picked up by Google Streetview and started to be used in industries like security, whilst UK film studios began to investigate the potential of live 360 film for events.
The big breakthrough came in March 2015, when a YouTube 360 video platform was launched. With Facebook 360 video facilities appearing later that year, the potential of the system for advertising became clear. If you put it on your website, you could increase click to purchase rates by as much as 14 times.
There are clear benefits of 360 degree video content when including it in your marketing strategy. Aside from the unlimited possibility it gives to viewers and content creators; it encourages engagement and, through this, has over 3 times the conversion rate of traditional video content. Your audience will respond better to your marketing efforts if they have immersive, 360 degree content to interact with.
70% of marketers who have used 360 videos say it has increased engagement for them.
Modus Film is a video production company based in Kent and London. Our services are nationwide and our video marketing agency can help you make some ground breaking content. If you want to discuss this further contact us or better yet see how video marketing can transform your current marketing mix. We are now fully PPE compliant. Plus we carry on working!
As video marketing experts we are specialists in all forms of video marketing. Here at Modus Film, we have completed many projects for our clients that have required us to define a digital strategy with really great results. If you want to speak to a specialist email [email protected] or call us on 01233 273 273.
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