live streaming in the service industry

The Perks of Live Streaming in the Service Industry

One of the most valuable trends of the past few years has been the growth of live streaming video. The ability to connect with audiences in real-time has given enthusiastic business owners new opportunities to market their wares and services. Live streaming is not just a trend: it’s an excellent way for business owners to interact with customers in unexpected ways, foster conversion, and increase overall revenue. Nevertheless, the perks of live streaming in the service industry still continue to grow.

In this blog, we’ll discuss what live streaming is and the perks of live streaming in the service industry.

Live streaming in The Service Industry: What is live streaming?

Live streaming is a data or video transmission method used when an audience of a specific brand watches a video on the Internet. It’s when the video is sent over the Internet in real-time, without first being recorded and stored.

However, live streaming is different from regular streaming. Regular streaming is the content created beforehand, stored, and shared with the audience. Meanwhile, live streaming is where the audience receives the content while the owner makes it. 

What are the perks of Live Streaming in the Service Industry?

Live streaming is a great tool to add to your marketing strategy to level up your brand’s image. Also, it will still be your choice whether you’ll be using free streaming options on social media or investing in video platforms with a broad audience for your business. 

Moreover, live streaming can complement the existing content that you’re already producing and help you achieve your brand’s goal. Here are the eight perks of live streaming in the service industry:

1. Audience Priority.

With live streaming as part of your marketing strategy, you’ll quickly have the opportunity to connect with anyone interested in your brand. Doing live streams on your social media platforms will help your followers receive notifications whenever you broadcast.

2. Increase brand awareness

Increasing brand awareness is indeed a massive gain for a business. Live streaming is a great way to make new connections and generate leads for your brand. You can even do collaborations with other partner companies and online influencers to expand your horizons. 

3. Build trust and brand loyalty

Your customer will always have that feeling of being personally connected to the services or products they follow. Whenever they reach out in live streaming, you can provide experiences that help them get to know and trust your brand as a business owner. You can do valuable live streaming sneak peeks about your product, tutorials, or educational information related to your brand. Doing this will meet the needs of your ideal customers, and they’ll keep coming back.

4. Ease and Convenience

Live can be very simple, even if you’re new to this. You need relevant content about your brand and equipment, such as audio equipment, an internet connection, and an encoder. Also, you need to choose a trustworthy streaming platform that you can use to gain new leads. Live streaming services and platforms make it easy for brands to get into live streaming and connect with a broader audience. 

5. Authentic Opportunities for Engagement

Brand customers like authenticity regarding the live streaming that they’re supporting. Business owners or streaming presenters show the real side of the brand when there are questions from the customer that they give instant feedback. A real-time connection, such as live discussion and Q&A sessions, makes your streaming engaging and your brand more attractive.

6. Strengthen relationships and enhance corporate culture

Live streaming isn’t just for communication with your customer. It can also strengthen relationships and improve corporate culture.

7. Wide Variety of Content Use

Live streaming isn’t only restricted to live content. It also has the flexibility to use multimedia content, including video, pictures, text, and live chat. Many live streaming platform services provide different presentation methods for a brand, allowing brand owners to maximize viewership. You can also reuse your content for whatever purpose you want it to be.

8. Video Monetization

Some brand owners don’t only do live streaming to increase brand awareness. They also do live streaming for them to increase their sales. One method they use is charging their viewers to watch your live content, which can be either a pay-per-view or a monthly subscription.

Moreover, there are live streaming platforms that also give you an option to monetize your content with sponsored ads. This is different from free platforms because you control which ads are displayed in your content. 

Therefore, it became the most significant advantage of live streaming because it gives your business more ways to make money.

Final Thoughts on The Perks of Livestreaming in The Service Industry

Even if there are a lot of perks that you can have in doing live streaming, you’ll still struggle in the process of creating your content. To maximize the impact of this streaming on your brand, the video you make should be high quality to engage your audience. You’ll need the right tools, platforms, and partners to create great and engaging content.

Let iConnectFX help unleash more potential unique stories, ideas, and shots you can have! Join our growing community today and be part of the iConnectFX family!