Online Video Explosion Causes Marketing Panic
August 6th, 2008You have probably heard the predictions that ad spending for online video and rich media will more than double in the next four years. The claims are impressive – considering this means there is a 4 billion dollar gap in the industry which is pretty much up for grabs.
It’s no wonder the blogosphere is suddenly rife with topical studies explaining, unpacking, de-constructing and de-bunking the hype surrounding those two little buzzwords: “online video”. Sharks - sensing blood in the water but unable to tell exactly where it’s coming from or how to get it - starting to thrash about in the hope they come off as the big fish… at least, that’s how it appears from this corner of the ring. This subsequent feeding frenzy from marketers nakedly positioning themselves as expert in the field – all offering snippets of insight into online video content strategy without actually saying a great deal other than “use interactivity” – sniffs of panic. But it’s better to be seen to be saying something about the next big thing than seem to be missing the boat.
The sudden ‘phenomenon’ is nothing new. Google saw it coming and bought in big time a couple of years ago. Before that there were abundant stories of canny self-marketers creating quality viral video content to promote their art, life or work. Eventually bandwidth technology caught up with increasing demand, and finally - traditional advertising agencies are getting to grips with the fact that this stuff can really work. The only problem is no-one seems to be certain exactly how.
The burning debate amongst the marketing commentariat seems to focus on differences in format, placement or delivery methods. “Don’t use your traditional TV strategies!” cry out the people in the know.
Well, duh. The fact is, the playing field has not shifted all that much. Advertising strategies - no matter what the medium – succeed or fail on the basis of quality content.
Knowing the context of your audience’s engagement with your message is the central difference between TV & online video advertising. So whether you’re using banners, pre-roll, product placement or Video EDM Cards (our preferred option) – a considered approach to the content and message will translate into a successful campaign. It doesn’t matter how, when or where you see it - bad ads are bad ads - that’s all there is to it.
Look out for a series of upcoming posts detailing the various strategy options for online video delivery, the whys, wherefores and how-to-handle’s.
