Online Video: Superpowered Ideas for Marketers (Synopsis Version)

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Information about Online Video: Superpowered Ideas for Marketers (Synopsis Version)
Business & Mgmt

Published on March 19, 2009

Author: phillipu9966

Source: slideshare.net

Description

This study asked marketers to forecast how brands can use web video to create value and build awareness on rapidly growing social media sites. Among top Social Media sites like MySpace and Facebook, internet video has seen huge growth over the past year. Among the findings and insights, the study reveals how video infotainment funneled through leading online social media platforms can create viral "Superbrands."

-Brands can piggy-back on the meteoric rise of social communities by "socializing" video content -- creating short, entertaining clips that audiences can easily share on Twitter and Facebook

-Socialized video content can help a brand slip into a consumer's buddy list sideways by offering addictive, informative experiences

-Videos that entertain, help people solve problems or make the web a better place are valuable currency in social communities

-Superbrands are participating in the conversation every day by creating humorous, informative, addictive video content experiences - and not just on Superbowl Sunday

For more information visit: www.videasa.com/survey

N SIO VER tm IS PS video for websites and beyond NO SY

The guy in the office cubicle is coping with stress by seeking out entertaining videos on YouTube and then sharing them with his buddies on Facebook and Twitter – so the idea is to market to that need. – Phillip Underhill Executive Creative Director, Videasa 2 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

THE FOLLOWING CONTENT IS AVAILABLE UPON REQUEST: SURVEYTEAM@VIDEASA.COM 3 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

4 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

For starters, we almost canceled the project. After we watched America’s first YouTube presidential all, YouTube and the mega-research firms were election unfold, we were floored by the number of cranking out daily news releases with data that online video clips that were appearing in television proved online video was important. That it was big. news broadcasts. That you could not escape it’s influence. Sigh. The “Crowd” (some of us included) apparently It was on election day, November 4, 2008, that we produced more content than the campaigns and decided to move forward with this study. As news organizations combined. Suddenly, Americans had a user-generated alternative to mass media political coverage. We were faster. We were more entertaining. We 76.8 percent of the total U.S. Internet audience viewed online video (January were honest. We were undeniable. 2009). The average online video viewer No, we did not need any more proof that online watched 356 minutes of video (approximately 6 hours), up 15 percent video was important. But what remained versus December. unanswered was critical to our future as an online 100.9 million viewers watched 6.3 billion videos on YouTube.com (62.6 video content agency. If the Collective Content videos per viewer). Generation is viewing and uploading millions of 54.1 million viewers watched 473 million videos on MySpace.com (8.7 video clips everyday on just about every subject videos per viewer). under the sun, how should marketers respond? The duration of the average online video was 3.5 minutes, up from 3.2 minutes per video in December. Thus, we decided to ask marketers to forecast The duration of the average online video viewed at Megavideo was 24.9 ways in which online video could be used to reach minutes, higher than any other video and influence the 150 million people who watch an property in the top ten. average of 96 online videos every month . ink bl we The response was tremendous. The insights were ground-breaking. The business case lessons and corresponding recommendations could save the average marketer thousands of dollars and reduce the learning curve by several years. 5 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

“Web videos can help a brand slip into a consumer's buddy list kinda sideways by offering something in the way of entertainment or helpful information that does not smell like a sales pitch - and may hardly mention the product or service the brand sells.” –New York City There are many reasons why online way to increase productivity, it can be video is popular: bandwidth and understood in terms of facilitating t e c h n o l o g y d r i v e r s a s i d e , i t ’s social interactions. From this frame of informative, entertaining and easily reference, humans (not consumers) are accessible at home, work and on the exploring new forms of self expression road. We have created buzzwords like and new forms of community. “video snacking” to describe its place in the ad-avoiding, time-shifting, All of this of course, has immediate screen-shifting, on-demand, user- implications – which brings us to the centric digital ecosystem. All certainly heart of this research: people are valid when analyzing human behavior demanding content that is contextual, through the lens of technology. mobile and entertaining enough to be shared with friends and co-workers in Perhaps of greater use to marketers is any one of the multiple social understanding how online video fits networking spaces they visit, create into today’s social context. This and/or maintain. requires a different perspective. Instead of viewing the internet as a 6 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

The economy is a key driver of content consumption among today's on-demand digital consumers. Marketers overwhelmingly agree that audiences are attracted to entertaining video clips that provide an escape or resolve an immediate, vexing need. For audiences seeking an escape, video clips that serve up humor and/or feature outrageous, scandalous or tantalizing stories quickly achieve conversation status in social networks. For the person determined to solve a nagging problem, video is the perfect on-demand remedy; delivering the resolution with an entertaining or unexpected twist can increase replay and word of mouth propensity. 7 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

The message has been flattened and is no longer Popular web videos are today’s new Superbowl static. commercials - except they happen every day in the form of short, entertaining video clips. The New York Times is no longer 'the' mass media authority on news, politics, culture and The players - the Superbrands who reach great entertainment. Brands are no longer the single conversation heights online and offline - have mass media source of information about its procured the talent and resources necessary to products and services. generate branded video content that people talk about, share and recall favorably. Today, consumers exert significant influence over the publishing and distribution of content once Superbrands have evolved to provide on demand dominated by media giants, content kings and service in an ultra-mobile economy where the advertisers. divisions between home, work and play time has condensed or permanently altered. The Age of Wikipedia has arrived and the Collective Content Generation has seized control of Superbrand marketers understand that consumers the content, the message and the opinions in a don't have a short attention span; they have a manner so disruptive as to only be described as short attention span for the perfectly crafted, dull, the democratization of media. self-centered sales-pitch. People want less advertising and more service; Superbrands fully comprehend the reach and self-serving ad spots devoid of infotainment will impact that one short, catchy video clip can have if fall short of potential marketing objectives. it catches the attention of an active member of an online social network. In a flat world, people want something relatable not aspirational, something to talk about by reaching out and connecting on common ground. 8 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

It’s not a television; it’s a 52-inch digital display. – Washington DC Marketers are increasingly aware that consumers are quickly accessing much of the same content on their television, personal computer and mobile smartphone. The most significant disruption that will occur in 2009-2010 is the realization by most consumers that their flat screen TV is not a TV at all; it’s an LCD computer display that can easily be connected to a small computer like the Mac Mini to access huge amounts of entertaining content. Marketers are largely unnerved by the pace at which consumers are time-shifting, location-shifting, screen- shifting and generally untethering content from the devices and channels they were originally designed for. Consumers are demanding content that is contextual, mobile and entertaining enough to be shared with friends and co- workers in any one of the multiple social networking spaces they create and maintain. Outgunned and outpaced, Superbrand marketers are creating content in the form of infotainment that users can access and re-distribute on-demand. 9 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

This project was a two-phased websites. Questionnaire participants research study, which included a were randomly selected from a quantitative online questionnaire and nationwide database of 19,000 qualitative online interview. The study marketing professional and generated surveyed a total of 409 respondents in a 1.2% response rate. December 2008 and January 2009. Interview participants (n = 181) were For the online questionnaire, 19,000 US selected via an online recruitment marketers were polled in December process targeting senior-level digital 2008 and January 2009 to gain insights marketers in Seattle, San Francisco, on the drivers of video content Los Angeles, Houston, Chicago, Miami, consumption from the brand Washington DC and the New York City marketer’s perspective. Given the vicinity. Interview respondents were current economic climate, we framed asked to formulate predictions on how attitudinal and intent questions in web video would be used based on terms of online video’s ability to (1) current trends in online video attract prospects and (2) increase marketing and greater social and revenue on corporate and third-party cultural trends. SURVEY LANDSCAPE: DIGITAL MARKETING HOT-SPOTS 10 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

11 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

80% “Our brand can repurpose content made by online users” 77% “Video clips on our website can increase sales” 71% “With the right kind of video, we can turn YouTube into an effective sales channel” 84% “2009 is the year for online video” 19,000 US marketers were polled in December 2008 and January 2009 to gain insights on the drivers of video content consumption from the brand marketer’s perspective. Given the current economic climate, we framed attitudinal and intent questions in terms of online video’s ability to (1) attract prospects and (2) increase revenue on corporate and third- party websites. Questionnaire participants were randomly selected from a nationwide Question 1 Question 2 Question 3 database of 19,000 marketing professional and generated a 1.2% response rate. 12 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

80% “Our brand can repurpose content made by online users” 77% “Video clips on our website can increase sales” 71% “With the right kind of video, we can turn YouTube into an effective sales channel” 84% “2009 is the year for online video” Strongly Disagree Disagree Don’t Know Agree Strongly Agree 19,000 US marketers were polled in December 2008 and January 2009 to gain insights on the drivers of video content consumption from the brand marketer’s perspective. Given the current economic climate, we framed attitudinal and intent questions in terms of online video’s ability to (1) attract prospects and (2) increase revenue on corporate and third- Question 4 Question 5 Question 6 Question 7 party websites. Questionnaire participants were randomly selected from a nationwide database of 19,000 marketing professional and generated a 1.2% response rate. 13 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

tm video for websites and beyond Videasa is a digital video content agency that produces and distributes viral videos, webisodes, mini documentaries and infotainment for both blockbuster brands and savvy start-ups looking to cut costs and increase revenue. By bringing together viral marketers, studio professionals and experienced web content producers, Videasa is able to offer marketers a highly efficient set of resources and services for today’s evolving media landscape. With expertise and focus that falls outside of the competency of the traditional digital agency, Videasa is able to offer businesses targeted video content solutions by harnessing the power of user generated video content to create brand value and gather consumer insights. Delphine Amato Communications Director Office: 888-883-1301, ext. 710 Mobile: (516) 472-8857 delphine@videasa.com 14 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

Videasa is a digital video content agency that produces and distributes viral videos, webisodes, mini documentaries and infotainment for both blockbuster brands and savvy start-ups looking to cut costs and increase revenue. By bringing together viral marketers, studio professionals and experienced web content producers, Videasa is able to offer marketers a highly efficient set of resources and services for today’s evolving media landscape. NEW YORK, NY LOS ANGELES, CA VIDEASA SALES VIDEASA STUDIO 1318 Madison Avenue 350 Wilshire Blvd. Terry Mullin Sue Kim New York, NY 10128 Beverly Hills, CA 90211 terry@videasa.com sue@videasa.com 888-883-1301 323-908-2317 888-883-1301 X701 212-600-0743 tm video for websites and beyond 15 COMMISSIONED BY VIDEASA.COM. ©2009 ALL RIGHTS RESERVED.

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