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Updated Apr 11, 2024

Brand Videos: How Much Do They Really Cost?

When creating a brand video, the first thing you're probably going to ask is, "How much is it going to cost?" We break it down here.

Byrom Matt, Community Member
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These days, brand videos are everywhere. Over the past few years, video has quickly become the favorite marketing medium for brands and consumers. Many people say that watching a video is their preferred way to learn about a new product or service. 

If you’re looking to create a video for your brand, the first thing you’re probably going to ask yourself is, “How much is it going to cost?” So, let’s break it down.

What is a branded video?

Simply put, a branded video is created to drive online brand awareness. It is often distributed across social media and company websites as a way to introduce your company to your audience. This type of video helps consumers understand your company and its offerings and contributes to your customers’ perceptions of your business.

Rather than promoting your product or services, a branded video is meant specifically to showcase your company’s overall brand. It explains what your business is about and can exponentially help its success.

TipBottom line
Post your video to YouTube once it’s developed to increase its chances of being seen (or even going viral) and attracting positive attention to your business.

Costs of creating a killer brand video

Generally speaking, two major factors affect cost when making a marketing video: talent and tools.

Talent

The talent, or expertise of the people involved, will determine how much your video will cost and the quality of the final product. If you go to a video production company, you’re likely to meet plenty of talented individuals who are passionate about video marketing. But this amount of experience and drive comes at a price.

Meanwhile, if you’re looking to save money, there’s no solid rule that you must use professionals. If you feel confident in front of the camera, you could create a quick video blog and post that as your brand video. It’s simple and cost-efficient.

Tools

There are so many devices you can use to create videos, from smartphones to state-of-the-art video cameras. Which tools you should use depends on how much you are willing to spend.

You can get a slick, professional video created in just a couple of weeks from a production company. All you have to do is hand over a couple of thousand dollars and they do everything for you with their own production tools ― video cameras, editing software, professional voiceover recordings and perhaps animation software.

However, not everyone has that much money to spend. So, it’s great that there are tools at your disposal to assist you in creating your own brand video for almost no cost at all.

You can always film yourself and market that as your brand video or, if you’re camera-shy, create a video about your website or app. In this case, you would record your website on one of your devices and edit the footage using free editing software.

Types of videos and their associated costs

When you decide to create a video, you can either make one on your own or spend more money to have it done professionally. Let’s delve deeper into the types of brand videos you might create to determine the actual costs.

Type

How it works

Cost

Amateur

If you already have the technology you need, you won’t have to invest any more money into your brand video ― only time. However, if you decide to make a screen-recorded video, you will need to record a voiceover to explain to the viewer what is happening on screen.

On average, renting an audio recording studio costs $30 to $100 per hour.

Professional

If you decide to work with a professional video marketing company, you will have a much more polished video at the end of the process, but you will have to spend a lot more money. Passing all of the work to the professionals will also save you time. So, if time is something you’re lacking, hiring a professional might be the best option for you.

Professional productions vary in price. On average, a semipro team costs $1,500 to $3,000 per minute while a professional video marketing company charges $5,000 to $20,000 per minute.

FYIDid you know
According to Lean Labs, a professional video marketing project can often be completed in about four or five days, for less than $10,000.

3 brand video examples to inspire you

To give you an idea of what an effective and clever branded video looks like, here are three examples.

  • Google Ads (case study video): With over 2 million Google Ads accounts, the tech giant lacks case studies to highlight its products. In a case study from 2007, back when Google Ads was known as Google AdWords, the company highlighted a dog daycare called Happy Hound. This ad works because the setting is casual and the customer (the owner of Happy Hound) explains her problem, highlights the benefits of the service and seamlessly includes stats in her story.
  • Chanel (origin story video): Chanel’s brand video does a great job illustrating the history and background of the company’s founder, Gabrielle Chanel. The script is formatted as a classic bedtime story while the narrator delivers the voiceover flawlessly. The video comprises archived images of the founder, her designs and the locations where she lived to illustrate the idea that everything is connected and to highlight the brand.
  • Spotify (explainer video): Spotify’s promo United States launch video from Magnus Östergren is an excellent example of an explainer video because it is short ― clocking in at slightly more than one minute ― and it features exciting, active music to keep you engaged. Additionally, the video explains the benefits and features that make Spotify competitive in the current market.
TipBottom line
According to the Wistia 2024 State of Video report, 93 percent of businesses rate video as an important part of their marketing strategy. It makes sense ― 89 percent of consumers want to see more videos from brands in 2024, according to Wyzol.

Importance of branding videos

Brand videos can bring so many benefits. Here are some important ones to consider.

They can increase your SEO.

Everyone wants to rank high in the search engines and videos can help you improve your SEO. Pages with video are far more likely to rank on the first page of Google search results than those without videos. According to Wyzowl, 86 percent of those surveyed said video marketing helped them increase web traffic.

They humanize your brand.

It’s common knowledge that people prefer to do business with those they know and trust. Videos are a great way to humanize your brand and build trust with your customers. Consumers feel a stronger connection to companies when they understand who they are and what they’re about ― and they have an easier time saying no to products when they don’t have any personal connection.

Bottom LineBottom line
By introducing your company to customers with a branded video, you show a relatable, interesting side of your business to consumers.

They increase conversions.

Videos are significantly more appealing to consumers than reading through a bunch of paragraphs on a website. According to Wyzowl, videos help companies generate conversions and increase sales by 87 percent. Consumers can learn more about a brand, their personality and their tone by watching a branded video, rather than reading text. It gives customers a better sense of your business and helps improve customer loyalty.

How to make a brand video

When creating a brand video, here are six key steps to follow. 

1. Identify and understand your customers.

Before you can begin to plan your branded video, you need to figure out who your target audience is so you know exactly who would view your video.

2. Develop a strategy.

To avoid creating an ineffective branded video, develop a plan beforehand. Understanding the objective of your video and designing it specifically with your target audience in mind will help you craft one with a strong appeal.

3. Choose relatable stories.

People want to hear your story, but it has to be relevant, relatable and interesting to keep your audience’s attention. When crafting your brand story, include information that shows your brand is unique and worth supporting.

TipBottom line
Whether you’re creating a brand video, writing your About Us page or developing your social media presence, follow these tips to become a better business storyteller.

4. Portray your brand.

As a brand, people expect you to look and communicate in a certain way based on how you’ve built and established yourself. In your video, let your audience learn your personality and hear the brand voice they have come to expect from your previous promotions. For instance, is your brand casual or does it lean on the professional side? This will reaffirm your tone and tie your brand together.

5. Showcase your logo.

In a branded video showcasing your company, you must keep content consistent and in line with how it usually looks. Add some elements with your brand colors and keep your logo in sight as often as you can throughout the video. This increases brand awareness and establishes your identity further.

6. Share your video.

Since a branded video is meant to represent you, it’s great content that’s worth sharing with as many social media networks as possible. A well-curated resource should be used to draw in new customers by sharing a relatable and intriguing story.

Sean Peek contributed to this article.

Byrom Matt, Community Member
Matt Byrom is the Managing Director of Wyzowl. Wyzowl is an explainer video production and content marketing agency based in UK. They are one of the market leading explainer video production companies in the world having created over 1,250 videos for customers in 40+ different countries. Their content marketing service is an end to end all inclusive offering to help businesses generate brand awareness and leads online.
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