WTF is Commerce-Driven Video?
As digital technologies advance and customer behaviors shift, commerce-driven video has emerged as a game-changer for both advertisers and consumers. As video continues to dominate online interactions, the integration of shoppable features and contextual relevance is transforming the way brands connect with their audiences and drive sales. But what exactly is commerce-driven video, and why is it so crucial today?
Understanding Commerce-Driven Video
Commerce-driven video is the intersection of entertainment and ecommerce, enabling viewers to interact with video content in a way that facilitates purchases directly from the media they’re watching. Whether it’s a commercial, a product demonstration, or a tutorial, commerce-driven video allows consumers to move seamlessly from awareness to purchase in real time, while remaining fully engaged.
To break it down further, commerce-driven video involves multiple media types, including:
- Ecommerce: Online transactions between businesses and consumers.
- TCommerce: Television commerce where consumers can purchase directly from their TV screens.
- Shoppable Media: Videos, images, or articles with embedded purchasing options.
- Retail Media: Advertising within retail websites that target consumer shopping behaviors.
- Commerce Media: The holistic use of all media channels to drive commercial transactions, connecting content with purchase intent.
- Commerce Video: Digital video ads with clear call-to-action(s) that drive the consumer into the purchasing journey.
Each of these have contributed to the growing power of commerce-driven video, but the real opportunity lies in how businesses can tap into the full funnel of consumer engagement—from discovery to purchase—using these tools.
The Full-Funnel Opportunity for Advertisers
Commerce-driven video offers a unique way for advertisers to engage consumers at every stage of their journey. From brand discovery to purchase decisions, the video format allows brands to engage with potential customers in a more dynamic, personalized and action-oriented way.
For example, 64% of consumers find commerce video ads helpful during the brand discovery phase. This stat illustrates how commerce-driven video is not just about direct transactions—there’s enormous potential to use it to raise brand awareness and help customers explore and educate themselves about new products.
As consumers move further down the funnel, 83% of consumers say clear product demonstrations and pricing in commerce video ads help them make purchasing decisions. By incorporating detailed product information, brands can guide consumers from interest to action, streamlining the path to purchase.
What Do Consumers Want from a Commerce-First Video Experience?
As the demand for commerce-driven video continues to evolve, understanding consumer preferences is crucial for creating impactful content. Consumers increasingly seek instant shopping options directly from streaming services, highlighting the need for videos that not only entertain but also facilitate easy purchases. A significant 59% of viewers desire detailed comparisons between products, which can help them make well-informed decisions. Additionally, 58% of consumers are looking for inspiration and discovery of new products through video content, underscoring the importance of integrating novelty and variety into video ads.
Moreover, practical details matter greatly to today’s consumers: 59% express a need for clear information on costs and promotions, and 34% value video ads that provide thorough product demonstrations and details, allowing them to absorb critical product information. These trends indicate a preference for longer video formats, ideally between 30 to 60 seconds, as they provide ample time for detailed explanations, enhance consumer understanding, and ultimately support the decision-making process.
By aligning video content with these consumer insights, brands can more effectively meet the expectations of their audience, driving both engagement and conversions in a commerce-first video landscape.
In Conclusion…
As commerce-driven video continues to shape the future of e-commerce, now is the time for brands to embrace its full potential. Unlock the full potential of Commerce-Driven Video with KERV’s innovative, privacy-first solutions. Start enhancing your brand’s engagement and driving seamless conversions today!
Commerce-driven video isn’t just a trend—it’s the future of digital advertising. And with the right strategy, your brand can be at the forefront of this revolution.
Sources: eMarketer, IAB Retail Media Goes to the Movies, Samsung Ads & KERV, Shoppable Ads Insights, Advertising Week, Wyzowl Video Marketing Statistics 2024