In today's episode, we speak with Barb Gagne, Director of Demand Generation at Wistia.

We discuss an incredibly interesting project called 'One, Ten, One Hundred'. Here is a short project overview to get you started:

'One, Ten, One Hundred', is the title of with Wistia's first ever video docuseries. Wistia partnered with a video production agency called Sandwich, to come up with a creative concept and produce three video ads to promote Soapbox, with a production budget of $1,000, $10,000 and $100,000. (Learn more on Wistia's site)

Wistia has a video team and they shot behind the scenes coverage of that production and made it into a four-part video docuseries. And the goal of the project was to explore the relationship between creativity and money. And does money actually impact creativity?

So, ultimately, the goal was to test which video would produce the most app downloads of Soapbox. What is Soapbox you ask?

Soapbox is a Chrome extension that enables anyone to record, edit, share, and measure presentation videos.

Today's Topics:

What is the current state of video and what are some growing trends?
Deep dive into the 'One, Ten, One Hundred' video docuseries project
What areas of video production and distribution are often misunderstood or under-appreciated?
What should a SMB consider as the main goal of videos they produce?
Pro Tips

Here are some highlights from our interview with Barb:

What is the current state of video and what are some growing trends?

One of the trends I'm most excited about is when brands create long-form episodic video content. And, this is where brands and creators dive deep into a particular topic. And, they tell a story through a series of long form videos, which also aligns with our business strategy. And I like this, because long-form video allows brands to dive deeper, and have people engage more with their content. So, it's a way to provide educational and entertainment value beyond the products and services that your brand offers. And it helps you build your brand in a really meaningful way.

"We think that longer form, episodic video content is one of the most exciting and creative mediums to pop up in recent years, and we're excited to get in on the action."

So, one of the common questions that I get from marketers at small and medium businesses is "How can I do video marketing with a limited budget?

I think there's a misconception that you need a big budget to include video in your marketing and communication strategy. But in fact, you can do a lot with a very limited budget.

For example, if you have one produced video, there's lots of ways you can repurpose it; you can shorten it to share on Twitter or LinkedIn, you can make it into a vertical version to share an Instagram. Or you can even make it into a video thumbnail to use in your email. Or if you don't even have one piece of produce video to repurpose, that's okay, you can just create a video using your iPhone or with Soapbox, which is a Chrome extension from Wisteria that allows you to record your screen and webcam at the same time.'

Well, I think it's a long-form episodic content is something that I think a lot, not a lot of businesses are considered right now. Because they always think the thing that they have to do is the shorts, you know, product overview, or maybe a video ad to generate, you know, conversions from for their product, and those are absolutely things that you should be doing.

I would encourage other businesses to consider producing longer form or maybe episodic content, to build more of a story about your brand, and provide the educational and entertainment value to keep users on your site. Because once they're on your site, and they're spending more time with your brand, they then will see the value in your brand. And then they will start to explore the products and services. So, it can be used as the gateway to be able to get them in get to know them within your brand.

A Deep Dive into 'One, Ten, One Hundred' Project

Project Overview:

So 'One, Ten, One Hundred', is the title of with Wistia's first ever video docuseries. And this is where it was to work with a video production agency called sandwich video, to come up with a creative concept and produce three video ads to promote soap box with a production budget of $1,000, $10,000 and $100,000. Wistia has a video team and they shot behind the scenes coverage of that production and made it into a four-part video docuseries. And the goal of the project was to explore the relationship between creativity and money. And does money actually impact creativity?

Results:

For the Soapbox video ads, we had three videos, with three very different production budgets, and I wanted to find out what video will be the most effective and efficient at driving product installs, would it be the video that was shot with a production budget of $1,000, 10,000, and $100,000. or $100,000.

So, to test this out, I used Facebook and YouTube to test at scale, which provided us with the flexibility to move the budgets around based on performance and optimize in real time. And what we learned was that across the board, the video that we created with $10,000 production budget performed the best based on our goals. It had the lowest cost per install across both Facebook and YouTube. And, I think it has to do with that $10,000 video ad deliver the strongest story about what soapbox is and how it can be used.

It all came down to the storytelling, the $1,000, one to have enough of the story to showcase the product. And the $100,000 version was just over the top with this production, so the $10,000 was like the perfect blend of both.

Additionally, our goal for that was to achieve the lowest cost per install. And it was consistent across all media partners, you know, that the $10,000 ad was the winner at achieving our goals.

So, to promote the docuseries, we had a two-minute trailer to promote it. And again, we turned to Facebook and YouTube as our primary paid partners. But we also tested the video ads and Reddit and text ads and core as well. And we promoted the series use the trailers three weeks prior to the series being released online. And during this stage, we captured email addresses of those who wants to know when the content was released. And, we came away with a lot of great learnings not only from that phase, but we had another phase that included promoting the series once it was released to the public. And we're still gathering learnings now to this day, because we're still promoting it.

So, what we learned was that people really appreciate in crave this kind of long form episodic content.

In addition to tracking sessions, so landing page with the videos and video views, we also have tracked engage video views, which was we defined as being having to watch 25% of the video.

And, in the first two months of the content being released, we were able to generate 484,000 engage video views.

And, we also learned that early promo phase, where we had the trailer promoting the series before it was released, the project then far exceeded our expectations. The trailer promo was great a capturing and creating interest in the series. And it was really helpful in building buzz around the project and generate interest in the series.

And during this short three-week promotional period, we generated nearly 7000 leads the cost per lead of less than $5. And we also learned that we can use One, Ten, One Hundred project, or other video docuseries to build an audience pool for marketing of future video series. And each time that we do this it is going to be easier and easier to build that reoccurring audience base.

What areas of video production and distribution are often misunderstood or underappreciated?

I think one would be script writing, which I think can seem really intimidating. But I found that having a process and framework and place, is crucial to writing a good script. You could start with a simple brief and include, what you want your audience to be, that consumes the content, what the key takeaway should be, and how the video be used, whether it be on your site, or through other additional promotion, for example, on social, and that really helps with the writing process.

And, I would say like, when you're writing your script, keep it conversational. Read it out loud a couple times, and just keep practicing getting really good at it.

What should a small to medium-sized business consider as the main goal of videos they produce?

I would think about using video to drive more engagement with your audience. I know, we've been talking a lot about that with the long-form episodic content. But I really believe that you know, if you provide a lot of value in your videos, whether it be educational, or, entertainment value, it's a...

Master Modern Marketing Podcast: Lessons learned from Wistia's One, Ten, One Hundred Video docuseries project