During the pandemic people were forced to inside due to the stay at home orders. This caused a major uptick in media streaming services all over the world. “With revenues of 15.2 billion in 2018 before the lockdowns it has spiked to 24.1 billion in 2020. It is predicted to hit atleast 30 billion this year alone in 2022 according to Business of Apps.
Reflection 2022
Cost Effectiveness of UGC Marketing & Advertising
The Continued Rise of UGC
As we are finally seeing the light at the end of the pandemic tunnel we can’t deny that this worldwide crisis changed us all in more ways than one. It shifted our mindsets and priorities in ways that most of us never saw coming. Some for the good and some for the not so good. In any case, it put most professionals from every background in a position of sink or swim. Adapt and evolve or face the consequences. This is also true for the advertising industry. As production shut down we saw a spiked increase in the use of user generated content in ads due to its accessibility and cost effectiveness. I mean, what better way to make the best of a bad situation when you can’t hire a team to shoot your next commercial. Brilliant really. Use what is already there and as an added bonus, people really resonate with content they can share an emotional response with. Think back to all of those “we’re in this together” commercials with clips of people banging pots and pans on their balconies and seeing family through the windows of their homes. All shot by someone who just wanted to capture a moment in time from their life. Every single person on the planet can relate to this content as we were all in the same boat at the same time. Let’s face it, the first time we all saw these commercials we probably all felt the same heartwarming emotions. Although, this type of content marketing was not new, it now took the spotlight. According to Forbes this sourced content marketing is now here to stay and not only that, it is on the rise. This makes sense as companies begin to reap the benefits of this type of advertising. So many in fact I’m not going to name them all here. That’s another blog all in itself. However, I will say that some of the top reasons to utilize UGC is that it is literally everywhere, it is for everyone, and it is authentic (ADAGE). This translates into an unlimited library of freshly uploaded content often. According to an article found in Hubspot, 31% of consumers actually find it more memorable than traditional forms of marketing. Finally, authentic content that is relatable will resonate with consumers. In short, UGC isn’t going anywhere. In fact, it’s the opposite. As the number of social media users continue to increase (Statista), it seems only natural that digital marketing will turn to sourced content from these platforms for their audiences.