I’m American, so inevitably I grew up watching TV. I have therefore developed an innate love of a good story (or sometimes just hilariously funny slapstick comedy) told on the small screen. That love is for great stories, be they in the form of programs OR advertisements. TV content providers (networks) made their money by creating (or buying) great, highly watched shows and then sold the advertising space on those programs to large corporations with huge budgets who would just club you over the head, in sometimes VERY entertaining ways, until their name became engrained in your psyche.
On TV the audience had to have so many impressions before they really “saw” your brand and decided to buy. A connection had to be made. That’s true online as well, but has changed because connections can and are made much faster. With the advent and proliferation of new media outlets, advertising has grown in leaps and bounds. We now have YouTube, Vimeo, Hulu, Yahoo!, Facebook, LinkedIn, Twitter…and the list can go on for what seems like an eternity!
These days I have the absolute pleasure to work with a company that provides video production, in London, and the whole UK. I can listen to and brainstorm with our clients on how to provide marketing messages that not only entertain but convert to sales! It’s the perfect combination of my loves; marketing, entertainment, video, and best of all, sales! Creating value in a video is, to me, the most critical element. Videos don’t have to be perfect but they do have to add value. Allegedly, only 1.2 percent of the videos viewed online are ads. And when I am watching online videos, I have a tendency to skip over the uninteresting “TV” commercials, if I can. Don’t you? That seriously diminishes the impact of video advertising if not done properly and if you don’t find a way to engage the viewer. I try to advise our clients to choose to share something that matters to their audience. Talk about something that they want to know about and keep it short! Short videos can and do get the job done. According to comScore’s findings, the average online content video was 5.2 minutes. The ads averaged 0.4 minutes (that’s only 24 seconds)!
As video advertising moves forward, analytics are becoming more involved as well. Advertisers can find out not only how many people are viewing their ads but whether they are male or female, where they are, how old they are, and even data about what websites they are viewing, videos they are watching, and more. This allows video advertisers to gauge the success of their campaigns like never before.
Advertisers are also able to target their ads with much more specific targeting tools. On YouTube, for instance, advertisers can target campaigns to specific viewer demographics, specific tags or categories, and even to specific videos. YouTube also recently added a feature that allows advertisers to put age restrictions on their videos to target their audiences even more specifically. Now there is also TubeMogul, who allow you to buy targeted adverting. TubeMogul is “for marketers that want to influence a consumer’s path to purchase or trial by creating awareness, consideration and loyalty, without giving up accountability and measurability”.
As more and more technological advances are made in web video, we are likely to see a huge increase in creativity and innovation in online video advertising. I can’t wait to be a small part of that!
