52% of consumers say they are more likely to purchase after watching a product video, according to an Internet Retailer study. And 50% of smartphone owners are even watching product videos on their phones (60% on tablets).
Consumers are 174% more likely to purchase after watching a video about your business, according to a Retail Touchpoints study.
70% of retailers are now offering product videos, if you don't have one, your competitors probably do and will get those conversions.
So, the only question remaining is...where is your business video?
(Great list of video stats here)