Why every Saas Company must have Explainer Videos

Posted by : Owais
February 22, 2023
Category : Explainer Videos

Why Every SaaS Company Must Have Explainer Videos?

Software as a Service (SaaS) companies have revolutionized the way businesses operate. These companies provide cloud-based software solutions to customers, making it easy and convenient for businesses to access the latest technology. However, with the increasing number of SaaS companies in the market, it’s essential for businesses to stand out and attract new customers. One way to achieve this is by creating explainer videos.

Explainer videos are short, informative, and engaging videos that are used to communicate the value and benefits of a product or service. They are an effective way to showcase a company’s offerings and simplify complex ideas for customers. As the competition in the SaaS market continues to grow, explainer videos are becoming increasingly important for businesses to differentiate themselves and remain relevant.

In this blog, we will explore why every SaaS company must have explainer videos, the benefits of using explainer videos, different types of explainer videos, and best practices for creating them. By the end of this article, SaaS companies will have a better understanding of why explainer videos are essential for their success.

Benefits of Using Explainer Videos for SaaS Companies:

A. Increased conversion rate: Explainer videos are an effective marketing tool that can increase a company’s conversion rate. Studies have shown that including a video on a landing page can increase conversion rates by up to 80%. When customers watch an explainer video, they are more likely to understand the product and its benefits, which can lead to a higher conversion rate.

B. Improved user experience: One of the main benefits of explainer videos is that they can improve the user experience. Instead of reading long product descriptions or trying to navigate a complicated website, customers can watch a short video that explains the product or service. This makes it easier for them to understand and use the product, which can lead to higher customer satisfaction and retention rates.

C. Increased engagement: Explainer videos are engaging and can capture the attention of customers who might otherwise ignore traditional marketing content. By using visual storytelling and animation, explainer videos can create an emotional connection with the audience, making them more likely to engage with the brand and share the content.

D. Simplifying complex ideas: SaaS products can be complex, and it can be difficult for customers to understand how they work or how they can benefit their business. Explainer videos simplify complex ideas and make them more accessible to the audience. By breaking down complicated concepts into easy-to-understand visuals, customers can quickly grasp the product’s value proposition.

E. Sales enablement: Explainer videos are an effective sales tool that can help sales teams close deals more quickly. Sales representatives can use explainer videos during sales meetings or as part of their email outreach to explain the product’s features and benefits. This can help to build trust with the customer and increase the likelihood of a sale.

F. Customer education: Explainer videos can be used to educate customers about a product or service. By creating a series of videos that explain different features or use cases, businesses can help customers get the most out of their product. This can lead to higher customer satisfaction and can help to reduce churn rates.
G. Competitive advantage: Explainer videos can give businesses a competitive advantage in a crowded market. By using videos to showcase their products, businesses can differentiate themselves from the competition and attract new customers. Explainer videos can also help to build brand awareness and recognition, which can lead to increased market share and revenue.

Overall, explainer videos are an essential marketing tool for SaaS companies. By using them to simplify complex ideas, increase engagement, and improve the user experience, businesses can build trust with their customers and increase their conversion rates. Additionally, explainer videos can help businesses to differentiate themselves from the competition and establish themselves as thought leaders in their industry.

Types of Explainer Videos for SaaS Companies:

Product demo Videos: Product demo videos showcase a product’s features and functionality. They are an effective way to demonstrate how a product works and how it can benefit the customer. Product demo videos can be used in various stages of the customer journey, from initial awareness to retention, to help the customer understand the product and make informed purchasing decisions.

User onboarding: User onboarding videos are used to educate new users about a product and how to use it. They can help users get started with the product and understand its features and benefits. User onboarding videos can reduce the time and resources required for customer support, as they provide a self-service option for customers to learn about the product.

Explanatory animation: Explanatory animation videos are short, engaging, and easy-to-understand videos that use animation and graphics to explain complex ideas or processes. These videos are an effective way to simplify complex concepts and make them more accessible to the audience. They can be used to explain how a product works or to showcase its features and benefits.

Interactive product demonstration: Interactive product demonstration videos allow customers to interact with a product and test its features and functionality. These videos can be used to showcase a product’s value proposition and to give customers a hands-on experience with the product.

Visual storytelling: Visual storytelling videos are an effective way to connect with customers emotionally and create a memorable experience. They use storytelling techniques, such as characters, plot, and conflict, to create a narrative that highlights a product’s features and benefits. Visual storytelling videos can be used to build brand awareness and to differentiate a product from the competition.

Each of these types of explainer videos can be used to achieve specific goals within a SaaS company’s marketing strategy. Whether it is to simplify complex ideas, onboard new customers, or demonstrate the product’s features, using the right type of explainer video can help a SaaS company achieve its marketing and sales objectives.

Best Practices for Creating Explainer Videos:

Keep it short and concise: Explainer videos should be short and to the point. Most viewers have short attention spans and may lose interest if the video is too long or confusing. A good explainer video should be no longer than 2-3 minutes and should focus on the product’s most important features and benefits.

Use a clear and simple script: The script is the foundation of any explainer video. It should be clear, concise, and easy to understand. Avoid using jargon or technical terms that the audience may not understand. Use a conversational tone that is engaging and easy to follow.

Use engaging visuals: The visuals in an explainer video should be engaging, easy to follow, and relevant to the script. Use graphics, animation, or stock footage to create an engaging visual experience that supports the message of the video. Use color schemes and fonts that match the brand identity and create a consistent visual experience.

Include a call-to-action: A good explainer video should include a call-to-action (CTA) that encourages the viewer to take action, such as signing up for a free trial or visiting the website. The CTA should be clear, concise, and relevant to the message of the video.

Optimize for mobile devices: Many viewers watch videos on mobile devices, so it is essential to optimize explainer videos for mobile. Use a responsive design that adapts to different screen sizes and make sure the video loads quickly on mobile devices.

Use a professional voiceover: The voiceover is an essential element of any explainer video. Use a professional voiceover artist with a tone and style that matches the brand identity. The voiceover should be clear, easy to understand, and engaging.

Test and iterate: Test different versions of the video and gather feedback from customers to see what works best. Use analytics tools to track engagement and conversion rates to see how the video is performing. Iterate on the video to improve its performance and achieve the desired results.

By following these best practices, SaaS companies can create high-quality explainer videos that effectively communicate their product’s features and benefits to potential customers. Well-crafted explainer videos can be a powerful marketing tool that can help a SaaS company differentiate itself from the competition and drive sales.

Conclusion

In conclusion, explainer videos are an essential marketing tool for SaaS companies. By using different types of explainer videos, SaaS companies can effectively communicate their product’s features and benefits to potential customers, simplify complex ideas, onboard new customers, and differentiate themselves from the competition. By following best practices for creating explainer videos, SaaS companies can create high-quality, engaging videos that resonate with their target audience and drive sales. As more companies turn to video marketing, explainer videos remain a valuable investment that can help SaaS companies reach and engage their target audience, increase brand awareness, and ultimately drive growth.

Moreover, explainer videos can have a significant impact on a SaaS company’s marketing and sales efforts. With the right approach, these videos can help improve customer acquisition and retention rates, reduce the time and resources required for customer support, and increase revenue. Additionally, explainer videos can be used to build brand awareness, establish a unique brand identity, and create an emotional connection with the audience.

As the market becomes increasingly competitive, SaaS companies must look for new ways to stand out from the crowd. By incorporating explainer videos into their marketing strategy, they can communicate their value proposition more effectively and differentiate themselves from the competition. Explainer videos are an investment that can yield significant returns for SaaS companies, making them an essential element of any comprehensive marketing strategy.