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Empowering Customers through Education-based Videos in E-commerce University of Economics Prague CCBC 2020 University of Applied Sciences Steyr THE 9TH CROSS-CULTURAL BUSINESS CONFERENCE by Ladislava Knihová LADISLAVA KNIHOVÁ UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

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Empowering Customers throughEducation-based Videosin E-commerce

University of Economics Prague CCBC 2020 University of Applied Sciences Steyr

THE 9TH CROSS-CULTURAL BUSINESS CONFERENCE

by Ladislava Knihová

LADISLAVA KNIHOVÁ UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

Customer education - FORBES

UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

2015

2017

Don't Market to Your Customers; Educate Them Instead

William Craig – FORBES contributor

Five Simple Ways to Educate Your Customers Through Content

Josh Ritchie - FORBES Councils Member

UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

Education-based Videos in E-commerce

Education-based Videos in E-commerce

https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20200420-2

The Digital Shopping Experience

Education-based Videos in E-commerce

Education-based Videos in E-commerce

UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

Education-based Videos in E-commerce

The number of businesses using videoas a marketing tool in the period 2016 – 2020

State of Video Marketing Survey 2020. Wyzowl. https://www.wyzowl.com/video-marketing-survey-2020/

Education-based Videos in E-commerce

The role of video in ROI in the period from 2015 – 2020

State of Video Marketing Survey 2020. Wyzowl. https://www.wyzowl.com/video-marketing-survey-2020/

Education-based Videos in E-commerce

THIS IS A PLACEHOLDER TEXT.

CONTENT

MARKETING

DIGITAL

CONTENT MARKETING

VIDEO

MARKETING

Education-based Videos in E-commerce

EDUCATION-BASED

CONTENT

NON-EDUCATION-BASED

CONTENT

CONTENT

MARKETING

Education-based Videos in E-commerce

“Customer education or the extent

to which firms are seen as providing

customers with the skills and abilities

to utilize critical information is often

considered a valuable augmentation

to a firm’s service offerings.”

(Bell et al., 2017)

Education-based Videos in E-commerce

UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

Customer education through the implementation of video marketing in e-commerce.

Education-based Videos in E-commerce

Education-based Videos in E-commerce

comparative analysis

Education-based Videos in E-commerce

Education-based Videos in E-commerce

Data collection: 29th April 2020

Education-based Videos in E-commerce

education-based video content = relatively new trend

number of subscribers to education-based video content

YouTube channels is high

education-based content videos = shared in social media

Education-based content videos = shared in social media

“Knowledge is power.

Knowledge shared is power multiplied. ”

Robert Noyce (American Head of State and businessman)

Education-based Videos in E-commerce

Education-based Videos in E-commerce

Education-based Videos in E-commerce

EDUCATION-BASED VIDEO

product launch / product properties / product in context

brand promotion video

customer empowerment

shortening the customer journey

powerful reasons to stay in touch with the brand

education of customers about „the future world“

brand loyalty can be enhanced to brand attachment

Customer education as a marketing function

New challenges ... new solutions

Educational Professionals in Marketing Teams

Educationalprofessionals

Marketing team

Educational professionals can help co-create

education-based marketing strategies.

Education-based marketing strategies

New challenges ... new solutions

Educational professionals can help co-create:

unique user experience

unforgettable experience

added value for customers

environment of trustworthiness

If a picture is worth a thousand words, if a metaphor is worth a thousand pictures,

what is the equivalent to a well-crafted marketing video?

Education-based Videos in E-commerce

Discussion

Your questions?

Empowering Customers through Education-based Videos in E-commerce

Comments?

Suggestions?

Contact

Empowering Customers through Education-based Videos in E-commerce

PhDr. Ladislava Knihová, MBA

Assistant Professor

[email protected]

UNIVERSITY OF ECONOMICS IN PRAGUE FACULTY OF BUSINESS MANAGEMENT DEPARTMENT OF MARKETING

Education-based Videos in E-commerce

Thank you for your attention!