As the world changes, it is more important than ever to use new technologies to keep up. Interactive Video is the answer.
Videos engage viewers at a much higher rate than traditional channels - viewers are 95% more likely to remember a call to action after watching a video, and Video marketers have been proven to get 66% more qualified leads per year.
Replacing printed materials with video can also achieve substantial cost savings by reducing print costs by up to 80%.
Empower you teams to have hold meaningful, two-way and cost-effective conversations with each front-line doctor and healthcare professional remotely.
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Interactive Video in Pharmaceutical Marketing – Reconnect with Your Audience
1. Interactive Video in
Pharmaceutical Marketing
Reconnect with Your Audience
Gerhard Heide | Global Director - Market Strategy
Keith Wright | Senior Product Manager
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3. Pharmaceutical
Marketing in the
UK
Generics
swamping the
market, new
promotion
models
CCG structure,
prescriber
relationships
No DTC
advertising for
prescription
medicine
Regional brand
awareness,
consistency/Code
compliance
“Pharma will have to provide
more support for the medical
education programmes […] to
help doctors keep abreast of the
latest medical developments.”
- PWC, April 2020
4. “93% of Senior Management
say great customer experience
is critical to their success.”
“CX Goes Mainstream” – UserTesting, Feb 2018
”70% of CX initiatives are not
successful… undifferentiated,
unclear ROI.”
“An Inconvenient Truth” – CustomerThink, Feb 2018
“Customers expect better, more
personalized experiences.”
“Elevating the Customer Experience” – DMA, Winterberry
& Precisely – April 2018
If a picture paints a
thousand words,
then 1 minute of
video is worth
3.6 million words!
- at 60 frames per second
By 2022 video will account for
82% of all internet traffic across
all devices.
– Cisco
97% of marketers say that videos
help customers understand
products and offers better than
any other medium.
– Hubspot
90% of consumers claim that
video will help and influence
them in making a purchasing
decision.
– Social Media Today
5. Redefine the video experience by evolving to
video that interacts
Traditional
Video
Everyone sees the
same thing
Personalized
Video
Each viewer sees their
own video
Interactive Personalized Video
Each viewer charts
their own unique video
experience.
6. EngageOne Video – Measurable ROI
Those using the EngageOne Video platform to communicate with their customers are seeing impressive results in a
variety of industry verticals and use cases.
12% increase in retention
among customers who have
viewed their videos.
84% of customers said they
better understand our services
after seeing their videos.
74% of customers feel that we
care about them.
55% of viewers contacted us
after watching their
personalised videos.
76% of customers were highly
engaged with our message for
over 4 minutes.
6x Return on Investment within
the first 6 months.
7. Example – Large Healthcare provider in Latam
• In 2015, Women’s Health division had 300 reps to
visit 13,000 doctors, plus 17,000 other healthcare
professionals
• Reduced to 200, while sales targets increased
30%
• Cost per visit between U$50 to U$100.
• Enablement and continuous training with
elevated costs
Interactive video for virtual visit
• Gender / Language dynamic
• Request samples with control
• Link to Community portal
• More than 30,000 virtual visits in 24 months;
• Average of 6min in each virtual visit, versus 3min in-person
• Extended reach to 10,000 additional doctors
• Increased prescriptions by 45%;
• Expansion to cardiology with more than 50,000 doctors
Videos have to be Code compliant (lots and lots of regulations)
Marketing is to prescribers
Negitiations are with Care Commisioning Group (CCG), 211 in England
Video Market Conditions
As we’ve just heard seamless omnichannel experiences matter more than ever, and for customer experience professionals… Video has become a highly compelling way to reach their customers and captivate them through interactive, data-driven, real-time video experiences.
Video already dominates the web and we’ll see this increase to 82% by 2022, and it’s not hard to see why. Video is everywhere we turn on the internet - Consumers like it because it’s easy to digest, its entertaining and engaging. And marketers love it because it can give a potentially huge return on investment.
Video is one of the most popular content forms in the world and it’s not going anywhere soon. And it makes sense: in an impersonal digital world, we’re craving connection and personality. We want to see and hear people in a real-life context -- it’s meaningful to us.
97% of marketers say that videos help customers understand products. This understanding is key, it’s the age of the customer where we want to be informed, educated and empowered to make decisions – we don’t want to be pitched to any more.
A personalized and interactive video does this better than any other channel and our clients such as Geoffrey insurance have seen 12% increase in retention over other channels. And clients like Employers Mutual received 98% positive feedback on their workers comp explainer. And Axa Wealth viewers have been contracting 66% of the time from a direct conversion inside a video. And we have a pharma specific case study coming up a little later.
So we have clients across the globe seeing huge success with our market leading video software - and winning industry awards for the experiences they create using it – and recently we made a big announcement about how even more organizations could start to take advantage… more on that in a few minutes. But first, lets take a quick a look at video in action.
The Evolution Of Video
So that we can understand what a personalised, interactive and real time video by EngageOne is…. Let’s take a look at a quick look at the evolution of video.
Since 2005 we have all been watching video on YouTube, these videos are created using a one to many approach. Personalisation comes only in the form of the viewer searching for content that speaks only to their interests - but it has fueled our love of video - being the 2nd most visited website in existence and supplying every internet user with a staggering 8 minutes and 41seconds of ‘funny-cat’ videos on average each day.
Now, marketers wanted to capitalise on this most engaging of mediums and move beyond this one to many approach. So they turned to personalised video in order to use customer data and segmentation to create video batches that were capable of addressing a viewer by name - and using account based data to make the content specific to the viewer. This direct mail approach to video was great for delivering content but did not enable the viewer to take direct action during the course of watching - and - had a short shelf life.
So we developed EngageOne Video. This type of video was delivered to viewers in realtime, not batch. So viewers could be assured that they were always seeing the most up to date data within the video. In addition, a video being delivered in realtime could also be optimised for the viewers device, location and bandwidth - meaning that customer experience could be pushed to the forefront of video experience design.
This type of video was interactive, meaning that the viewer could make decisions and express opinions and preferences directly from inside the video. Viewers could explore the content for themselves, in their own way, at their own time, and only view the content they wanted to see at that exact moment - businesses could now enable the viewer to fulfil their needs from within the video through interactive calls to action - to do things like buy or pay or contact or share.