Live streaming is huge. Almost 1/3 of business videos were viewed via the live streaming pioneer Ustream. Don’t think people have time to watch live-stream video? It was reported that the average viewing time of a stream was 25 minutes on uStream versus a mere 6 minutes for Hulu and 3 minutes for YouTube. UStream reported that there were more than 1 billion hours of enterprise live stream viewed in 2013 (see video at the end of this post for more details).
Amazon bought out live streaming platform Twitch for close to a billion dollars last year, and now Twitch streams more video than UStream, the WWE, ESPN and MLB.com combined, owning a massive 43-percent share of all live streaming traffic.
Live streaming apps that anyone can easily launch and tweet out directly from their smartphone are taking the world, or at least the venture capital world, by storm by allowing anyone to create “selfie” live streams of their life.
The net-net of all of this is that
- Live video is compelling and attracting a lot of eyeballs
- It is becoming easier than ever to live-stream through a variety of platforms.
The intent of this introduction to live streaming is to reset your understanding of the technology and get you thinking outside of the box as to how your company can also leverage live streaming, not just for marketing but as a core component of your product.
From a content marketing perspective, live streaming can make a powerful addition to everything else you do when used for the following:
1. Live Streaming Events – A No-Brainer
If your company does events, it is an absolute no-brainer that live streaming be added to the way your content is distributed. Live streaming your event gives you the following specific benefits:
- If you run an event where there is a cost for admission, adding a virtual ticket can help you better monetize your event.
- Physical events have physical limitations and usually cost additional resources for each additional attendee. Live streaming allows your event marketing to scale to reach a much larger audience.
- Your live streaming archives can now provide you with a powerful source of videos which you can republish on your website as a lead magnet or repurpose into several videos which you can upload to YouTube.
It is this 3rd aspect of archiving your videos and repurposing them that enables you to truly harness the content marketing potential of your live streaming efforts. These videos are not only powerful for the inherent SEO benefits of being indexed on YouTube, but also for generating engagement as native uploads to Facebook.
2. Creating New Live Streaming Content by Thinking Like a Broadcaster
As companies become content marketers and begin to publish their branded content, we become the media, and everyone becomes a publisher. It’s now time to think beyond that and become a broadcaster. YouTube celebrities have come out of nowhere and become celebrities by leveraging this and creating, for lack of a better description, video programming similar to television shows.
Why don’t more businesses do the same?
Once you register a domain name and launch your blog, you are already establishing your social voice and adding value to the world with your unique perspective. With eyeballs searching for content in Google as well as consuming it in social media, you need to be present to capture share of eyeballs. But with this many people consuming live streaming content, your brand is simply missing out by not being present in this growing landscape of live streaming broadcasters.
If you think about it, live streaming is no different than hosting a Twitter chat (different medium, same concept). It does require a content strategy, relevant branding, a choice of technology platform, and a format that both helps you meet your business objective and attracts a relevant audience. Your own “television show” could become one of the following:
- Answers to commonly asked questions
- Industry updates
- An inside look at your company by interviewing different employees
- Customer interviews
3. Flipping Your Reality: Using Live Streaming to Curate User-Generated Content and Engage with Your Community and Influencers
Those with large Twitter followings can easily leverage these platforms to engage with their followers and allow their followers to help virally spread their activity through engagement. Live streaming can now play an important role in companies.
Having their fans talk about how much they love their products on their own live streams. These live streams could also be archived and, with permission from the creators, repurposed into a lot of different user-generated content that can be leveraged for a variety of objectives.
Take this concept one step further and think about the potential for influencer marketing through having influencers talk about your brand on their live streaming platform.
The eyeballs are there. How will your company evolve to leverage potentially the most compelling type of content marketing available?
