As a Video Content Creator What Do You Need To Know About Your Consumer’s Viewing Habits?
Until 2007, cable was king. No one was providing entertainment quite like cable did. But something happened that changed all of that and this something has an impact on your company marketing.
The Impact of Netflix on Internet Video Viewing
Netflix changed the way viewers interact with their content. This didn’t only change how we digest television content, but how we digest any Internet video content. Successful companies know that as video content marketers, they should become aware of these new consumption habits, and learn how to apply them to our own Internet video marketing strategy.
Take for example, the successful network FX. FX has created some very successful shows like It’s Always Sunny in Philadelphia, American Horror Story, Wilfred and Louie. The programming of that station was a hit, and considering that every program they aired generally went to Netflix and other On Demand services, the network exponentially gained popularity over the past 5 years.
Now, FX is a station that generally comes with your standard cable package. Due to its accessibility and the resulting popularity, FX became one of the only stations left where viewers actually tuned into their shows at the time during which they aired.
Last year, FX announced that some of their programming would migrate to a new station, FXX. Part of the reason for this decision was that their more vulgar programming could be aired with less censoring, but that privilege came with a price. FXX does not come with your basic cable programming. It is extra.
Similar to HBO, consumers would have to pay extra to access this content. Since some of it was too raunchy to be aired on basic cable, they figured that having another network with less censoring would provide FX more opportunities for publicity and programming.
Unfortunately, our digital generation did not like the idea of paying more. Hell, we don’t even want to pay for cable anymore. Since then, It’s Always Sunny in Philadelphia’s ratings have dropped substantially. Prior to this change, It’s Always Sunny was one of the highest rated comedies in history, and going in to its 10th season with two more seasons confirmed, the show is on its way to being the longest running comedy in history. So why did the ratings drop so drastically?
Because no one was watching.
No one wants to pay for FXX. As a consumer, this programming is inaccessible because we don’t want to front the extra cash for programming. Though FXX had a great idea, its execution is flawed for this generation. Had FX done this back when HBO went premiere, they may have made millions. The fact of the matter is we don’t want to pay for more TV. We don’t even want to pay for the TV we have.
We’re becoming a part of a culture where we like to binge our media. We don’t want commercials; we don’t want to sit on a cliffhanger until next week. We want to sit and watch a show as if it were a movie; uninterrupted.
This, obviously, can be attributed to all the streaming technology available today. We have the ability to binge watch shows without ads for $7 a month and we want to do that more than anything.
Companies have many lessons to learn from this business model. As content marketers, you have valuable information to share that will help ease your prospect’s pain. Your prospective viewers want to binge consume your valuable information therefore you should make sure your potential viewers are able to do this.
Content is Still King
Companies possess a body of work; information that can be shared through Internet video programming for prospective viewers. Produce multiple videos for content on your company’s YouTube or Vimeo Channels. Create playlists so viewers can easily view the videos in their necessary progression. Keeping a consistent flow of video content will keep prospective viewers watching more frequently.
Along those same lines, content marketers should remember why so many viewers turned to Netflix: it’s cheap. Unless the consumer has some serious incentive to purchase something, they won’t. With Netflix, the incentive is endless streaming media.
For your online content, generally, free is your best price. Allow your prospect viewers to check out your content whenever they want with no restrictions.
Companies need to become content marketers and create video content on a regular basis. As video is becoming the most valuable source of content, companies who market it should always remain aware of their audience’s relationship with your information. Content is king but consumption is important to opening the door on the sale.