Utilizing video in your marketing strategy doesn't stop the second your uploads complete. To truly see results with video, you've got to follow up; analyze how well a given video is performing—and where it's hosted—and make informed iterations or pursue new projects based on that data.
This includes things like play rate, actions taken and video completion. While the most important video KPIs can change depending on the context and purpose of each video, there are several metrics you should always keep an eye on.
In this blog, I'll be outlining those metrics as they relate to certain goals.
Whatever your hosting platform of choice, overall view count and video completion rate are going to be standout indicators of your performance. These two metrics go hand-in hand, depending on what you consider to be a "view:"
Regardless of what you consider to be a view, these are two important things you should always refer to from videos that target broad or untapped audiences.
Play Rate goes a step beyond View Count; it's the total number of people that clicked your video's play button compared to how many total impressions the video has made (how many overall times the video player was seen).
This metric is a big deal, because it tells you fairly accurately how people perceive the value of your video content, as well as if your thumbnail is compelling enough to win people over. Low Play Rate indicates that page visitors may not see the point in watching your video.
While that doesn't necessarily mean you have to go back to the drawing board with your whole project, it may mean you need to showcase or lead up to the video more carefully.
Click-through Rate and Conversion Rate are essential KPIs for video content equipped with next steps, such as video CTAs, or those featured prominently on landing pages. They indicate how strongly your video content drives viewers to take—or pass up on—an intended action.
By understanding these key metrics, you'll be able to take steps in the right direction with your video marketing projects and use your most powerful video content where it counts.
Whether that means creating new projects with these KPIs in mind or making adjustments to current projects, the end goal is the same: more engagement with leads and happier customers.