An important element of crafting a winning content marketing strategy is live video. The tribe of content marketers leveraging Facebook live video and YouTube live streaming is multiplying. This can be attributed to the fact that YouTube has an estimated 1.5 billion active monthly users and stands second to Facebook. Facebook has an estimated 2 billion active monthly users. The numbers are colossal!

Can live videos be used to grow and build a business? Yes!

According to Facebook, users are 3 times as likely to watch a live video as compared to a non-live video. Facebook live video and live YouTube streaming can help you generate business leads, acquire new customers and retain the existing core base.

According to Statista, Facebook live and YouTube are the go-to platforms for streaming live videos. Let’s look at the state of live video streaming platforms.

Platform

Preference Percentage

Facebook Live

17%

YouTube

16%

Snapchat Live Stories

12%

Periscope

9%

Twitter

9%

YouNow

8%

Others

5%

Here is an informative account on how to use live videos to grow your business and make money live streaming.

#1: Host a live session

Thinking of hosting an on-location event?  Have you finalized the venue? Have you taken overhead costs such as food, transportation, stationery (books, pens, etc.), etc., into consideration?

Here is a simple and cost-effective solution – Broadcast live so that you can do away with over-head costs. Only a small number of your audiences will be able to join you for an on-location event. By hosting a live session, you can target a big chunk of audiences.

#2: Answer questions

Content marketers and influencers are known to write informative and insightful blogs. Audiences may post their queries and concerns in the comments section. It may take a day or two for the influencers to answer all the questions. Sometimes, it may take a week. In all likelihood, questions may be repetitive and extremely complicated. Providing lengthy answers is not a viable solution. Lengthy blog posts and answers can eat up your valuable time.

Shouldn’t customer service be top-notch? If yes, how should you ration time between doubts clarification and promotion? YouTube live streaming and Facebook live video are here to help.

You can use Facebook live video to host a Q&A session. This encourages audiences to tune into live video sessions. They can get their doubts, concerns and issues addressed sans any delay.

#3: Give audiences behind-the-scenes videos

Audiences are keen on learning about how you work. They want to know more about your core competencies. They want to know how you treat your employees. Introduce your staff to your viewers. If you give your audiences an inside look at your business, they are likely to be delighted.

Let’s say you make ice creams and dairy products. Dairy industry in the US is messed up completely. Cows are exploited a big time. For all intents and purposes, your business can be a first class exception. You can show your customers how you treat and how much you care for animals. You can broadcast the entire quality inspection process. 

Such videos can improve customer confidence in your brand and boost your sales

#4: Conduct live tutorial sessions

I use Facebook Live to explain complex processes and methodologies. I have expertise in using Adobe Photoshop. I organize live tutorial sessions to explain how to efficiently use Photoshop software. ‘

I also maintain a Facebook group and more often than not, I give free mini-courses to the members.

Audiences may not be receptive to lengthy blog posts. However, they connect well with live videos.

#5: Host Product / Service Launch sessions

Thinking of launching a brand new product/service?

People go crazy during product launch sessions. This is one of the reasons why Apple announces new product launches, upgrades, and redesigns by hosting live sessions. Check out Apple’s archive of product launches and services. You will gain a mountain of knowledge!

#6: Promote your scheduled events

Still using Twitter to promote your upcoming events? There is little harm in resorting to traditional techniques. But did you ever think of using live videos? Create a post to keep your audiences informed on your special announcements. When you go live, unfold the specifics and details of your upcoming event

Don’t forget to share your easy-to-remember URL. It is likely that viewers may not have enough time to write it down. It’s best to post the link in the comments section. It’s easy to create easy-to-remember URLs. Use tools like Bitly.

#7: Generate huge product pre-launch buzz

For all intents and purposes, you can bet your chances on YouTube live streaming to generate huge product pre-launch buzz. Let’s say you have a shipment of an innovative product which is yet to hit the markets. Tease your audiences by using a live video. By teasing your audiences, you are building excitement.

Provide a link to take pre-orders. If your prospective customers have any doubts, clarify then and there. Capitalize on the excitement!

#8: Share breaking news

Be the first one to share industry relevant breaking news. Share your opinion(s) on how exciting or terrible the news can be. Tell your audiences to keep viewing your timeline for updates and events.

#9: Go live with an industry influencer

Invite an industry influencer or an opinion leader. Do a live interview with him / her. Your leads are likely to multiply.

Final Thoughts

It’s important to focus on the quality of live videos. Purchase a tripod and a stabilizer to stabilize your videos. Shaky content is loathed by audiences. If you are keen on doing live streaming with a smartphone, invest in a tripod mount. And yes, optimal lighting is also mandatory. Purchase a portable LED lighting solution. Nobody likes dark and poor quality videos.

Found this post useful and insightful? Keep watching this space for more informative content on Facebook live video and YouTube live streaming. Cheers!

Posted by Miley Dowling

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