LONG ISLAND, N.Y., Aug. 29, 2015 /PRNewswire-iReach/ -- fishbat is a New York-based online marketing firm that helps companies increase their bottom line with social media, SEO and digital advertising. According to Scott Darrohn, chief operating officer of fishbat, online video marketing has never been more effective.

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"Since 2014, there has been a 43-percent increase in the number of people who watch free online videos," explained Darrohn. "Many of these clips are advertisements that use consumer targeting to find people who are genuinely interested in a company's products or services."

Harnessing the power of online videos can help your business lower its marketing expenses while increasing conversions. However, many companies find it difficult to keep up with the constantly evolving nature of social media sites and other video-publishing platforms.

Most business owners who want to market their services with online videos have a long list of questions. Here are the answers to three common inquiries about online video marketing:

1. Why are webcasts growing in popularity?

Traditionally, videos have always been one-way conversations. They allow you to broadcast a message to a massive audience yet offer no way to converse.

Webcasts, however, provide an opportunity to interact with your audience. This engagement is the main reason why webcasts have become so popular.

Hosting a webcast involves streaming live video broadcasts online or in chat rooms that allow people to ask questions in real time. Companies can use webcasts to announce new services or products, provide educational tools on certain topics, and conduct questionnaires.

2. Can video testimonials help my business?

More than 80 percent of consumers trust online reviews. However, most companies are passive when it comes to acquiring testimonials.

Instead of hoping that your customers will submit written reviews online, you can encourage them to submit video testimonials. One effective strategy is hosting a contest or lottery giveaway for video testimonials, and participants would agree that your company can post the videos to social media and your website.

Thanks to Facebook's auto-play feature, and the fact that videos are more compelling than text reviews, these testimonials can help you convert buyers who are close to making a purchasing decision. They can also boost your general branding efforts on social media, and your website visitors will have easy access to honest, positive reviews that are more authentic than text.

3. Can consumer targeting improve my return on investment from video ads?

One of the most attractive qualities of video ads is the ability to target consumers. Depending on the platform, you can set parameters to expose your ad to a specific audience. This can help improve your return on investment; in fact, it costs roughly $25 per day to reach a targeted audience from Facebook's 1.44 billion active users.

fishbat is a full-service online marketing firm and social media agency dedicated to connecting all types of businesses with their target audiences in the most effective and efficient way. Through innovative strategies in social media management, search engine optimization (SEO), branding, web design, reputation management and public relations, fishbat promotes a consistent and professional online voice for all of its clients.

Media Contact: Scott Darrohn, fishbat, 855-347-4228, press@fishbat.com

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SOURCE fishbat

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