In today’s digital age, animated explainer videos have become a cornerstone of marketing strategies for businesses across various industries. These engaging and informative videos are instrumental in conveying complex ideas in a simplified and visually appealing manner. However, to ensure their effectiveness, it’s essential to measure their performance accurately. In this comprehensive guide, we delve into the intricacies of measuring explainer video performance, providing valuable insights and actionable tips for maximizing their impact.

Key Performance Indicators (KPIs) for Explainer Videos

Identifying the right KPIs is crucial for assessing the success of animated explainer videos. These metrics provide valuable insights into different aspects of video performance, allowing marketers to make data-driven decisions and optimize their strategies accordingly.

1. View Count and Engagement Rate

The total number of views and the engagement rate are fundamental metrics for measuring the reach and impact of animated explainer videos.

| A high view count coupled with a significant engagement rate indicates that the video has captured the audience’s attention and resonated with them effectively.

2. Analyzing Audience Retention

Audience retention provides insights into the average percentage of the video watched by viewers. A high retention rate suggests that the content is engaging and holds the audience’s interest throughout its duration.

Conversion Rate Optimization for Explainer Videos

One of the primary goals of animated explainer videos is to drive conversions. Therefore, assessing their impact on conversion rates is essential for evaluating their effectiveness in moving prospects through the sales funnel.

3. Tracking Click-Through Rates (CTR)

The CTR measures the percentage of viewers who click on a call-to-action (CTA) or a link included in the video.

| A high CTR indicates that the video has successfully compelled viewers to take the desired action, whether it’s visiting a website, signing up for a trial, or making a purchase.

4. Analyzing Conversion Funnel Metrics

Tracking conversion funnel metrics, such as lead generation, customer acquisition cost (CAC), and customer lifetime value (CLV), provides valuable insights into the effectiveness of animated explainer videos at different stages of the buyer’s journey.

A/B Testing Explainer Videos

A/B testing involves creating multiple versions of a video with slight variations and analyzing their performance to identify the most effective elements. Through iterative improvements based on test results, marketers can refine their videos and optimize their performance over time.

5. Enhancing Visual Appeal and Storytelling

The visual appeal and storytelling prowess of animated explainer videos play a significant role in capturing the audience’s attention and conveying the intended message effectively. By investing in high-quality animation, compelling narratives, and engaging visuals, marketers can create videos that resonate with their target audience and drive desired actions.

6. Leveraging Analytics and Insights

Utilizing analytics tools and platforms, such as Google Analytics, YouTube Analytics, and social media insights, enables marketers to gather valuable data on video performance and audience behavior.

| By analyzing these insights, marketers can identify trends, preferences, and opportunities for optimization, ultimately enhancing the overall effectiveness of their video marketing efforts.

Need Animated Explainer Video Without Breaking The Bank?

Eggplain is team of experienced animators with nearly a decade of expertise in collage animations, animated explainer videos, 2D, 3D, and motion graphics. Since 2015, we have positioned ourselves as one of the world’s top animation production companies, consistently delivering outstanding results.

With a portfolio comprising 400+ videos, we have had the privilege of collaborating with well-known brands you encounter every day, such as Canva, InBody, Delta Electronics, and United Overseas Bank (UOB).

FAQs

Q: Are animated explainer videos suitable for all industries?

Animated explainer videos can be effective for a wide range of industries, including technology, education, healthcare, finance, and more. However, it’s essential to tailor the content and messaging to suit the specific needs and preferences of your target audience within each industry.

Q: How long should my animated explainer video be?

An ideal length for an animated explainer video is typically between 60 to 90 seconds. This ensures that you convey your message effectively without losing viewers’ interest.

Q: What is the average cost of professionally made corporate videos?

The cost of professionally made corporate videos varies based on factors like duration, complexity, and the reputation of the production agency. On average, it can range from a few hundred to several thousand dollars.

Q: What is the typical turnaround time for creating an animated explainer video?

The production time for animated explainer video can vary depending on the complexity of the project and the company’s workload. On average, it can take 4-6 weeks.

Q: How often should I update my animated explainer videos?

It’s a good practice to periodically review and update your animated explainer videos to ensure that the content remains relevant and aligns with your brand messaging and objectives. Depending on your industry and audience preferences, updating videos annually or biannually may be sufficient.

Conclusion: Optimized Explainer Video

Measuring animated explainer video performance is essential for optimizing video marketing strategies and maximizing their impact. By focusing on key metrics, assessing video effectiveness, and implementing optimization strategies, marketers can create compelling animated explainer videos that resonate with their target audience, drive engagement, and achieve desired outcomes.