What can marketers learn about how to be visible and persuasive in the moments that really matter from research on movie trailers? Well, according to a survey by Unruly, 31 percent of U.S. moviegoers said they would buy a ticket after watching a trailer online. Most marketers would be thrilled to get conversion rates one-tenth that high. So, even if you aren’t a marketer for one of the film studios, there is a lot that to take away from this new research.
Here are seven key findings from Unruly’s research:
- Movie promo shares are correlated to movie box office revenues.
- Movie promo videos present a uniquely rapid sharing pattern.
- Watching movie promo videos spurs ticket sales.
- Negative word of mouth harms opening weekend revenue.
- Studios use the same set of emotions to drive sharing of promos.
- People share movie promos to invite friends to go the theater.
- Traditional movie trailers are not the most viral movie promos.
Based on this research, what can marketers in other industries do to drive sales, outsmart the competition, and maximize online buzz? Well, if you consider a movie premiere to be the equivalent of a product launch, then there are seven lessons to learn. Let’s take a closer look at each one.
Lesson 1: Track The Metrics That Matter Like Active Engagement & Economic Value
With viewers who share videos nearly 6x more likely to purchase movie tickets, marketers should track shares as a measure of success. Views are a vanity metric (usually indicative of budget spend) and don’t measure the deep engagement required for a consumer to take action. So, track:
- Active engagement, which includes social media metrics like conversation rate (comments per video),
- Amplification rate (shares per video).
- Applause rate (likes per video).
- Economic value, which includes calculated metrics like the real conversion rate per user and gross calculated profit.
For example, Jurassic World — Official Global Trailer (HD) has 28.5 million views and 416,000 engagements, according to Tubular Labs. More importantly, Jurassic World brought in a record breaking $208.8 million domestically over its first weekend.
Lesson 2: Launch Your Strongest Content On Wednesday To Use Buzz To Drive Sales
Since 62 percent of video shares occur within 3 days of launch, social videos launched months in advance of a product launch are too early to drive buzz that can convert to sales. Wednesday, Thursday, and Friday are the days with the heaviest sharing. So, launch your strongest content the Wednesday before a product launch. The exception to this rule can be seen in the series of prominent spikes in Google and YouTube search interest – which correlate perfectly with the release of:
- Star Wars: The Force Awakens Official Teaser more than a year before the movie’s premiere.
- Star Wars: The Force Awakens Official Teaser #2 eight months before the movie’s premiere.
- Star Wars: The Force Awakens Trailer (Official) two months before the premiere.
Now, Star Wars: The Force Awakens went on to break numerous box office records, including:
- Biggest worldwide opening weekend and single weekend gross – $529 million.
- Fastest film to gross $1 billion – 12 days.
- Highest-grossing 2015 film – $1.870 billion.
Nevertheless, this just reinforces its status as the exception to the rule. Most other movies – and most other new products – can’t and shouldn’t start promoting a launch more than a few days in advance. Heck, the Star Wars: Episode VIII Production Announcement has more than 10.7 million views and 266,000 engagements, according to Tubular Labs, and that film isn’t slated to be released until December 2017.
Lesson 3: Experiment With Nontraditional Videos & Test More Provocative Content
Your strongest social video may not look like an ad. Add standalone, provocative content to your content plan or a music video. Popular music videos have the added bonus of generating additional organic views over a longer time period. For example, Ed Sheeran’s “I See Fire” / The Hobbit: The Desolation of Smaug.
Lesson 4: Improve Shareability By Provoking Intense Emotional Responses
Read Viral Marketing: The Science of Sharing by Karen Nelson Field to learn how to create social videos that grab attention and compel people to share. Use less common psychological triggers or hit the more common triggers of happiness, amazement and exhilaration hard to over-index vs. the US market norm and increase your chances of social success.
Lesson 5: The Greater The Number Of Views, The Greater The Number Of Shares
The greater the number of views, the greater the number of shares your content will receive – even if the share rate is low. Invest in paid distribution to guarantee you achieve the earned views and online buzz. According to the YouTube Creator Playbook for Brands, “The YouTube platform allows you to optimize your investment in paid media by activating the virtuous circle that links Owned Media (your video content), Paid Media (paid video advertising) and Earned Media (‘free’ views obtained when people share the video ads).” It adds, “It is not uncommon to see campaigns generate at least one earned view as a result of every two paid views.”
Lesson 6: Make The Most Of Mobile Which Generates About 50% Of YouTube’s Views
According to YouTube CEO Susan Wojcicki, more than half of YouTube views come from mobile devices. And mobile video consumption is predicted to account for 72 percent of all mobile traffic by 2019! So, if you’re making content for a mobile audience, you should really consider making vertical videos. For most smartphone users, it’s just more natural to hold the device one handed and upright, so the vertical format is more palatable for many.
Lesson 7: Create Urgency With Strong Triggers Of Exhilaration & Amazement
Unruly’s data shows that studios can increase box office revenue by attracting less frequent moviegoers. Marketers in other industries can also use audience targeting to get their social video seen by occasional users, and highlight the exhilarating moments which will be augmented by using their product more often. Need an example? Watch The Revenant | Official Trailer [HD] | 20th Century FOX. According to Tubular Labs, this video trailer has 16.4 million views and 247,000 engagements.