Related industry stats continue to excite: comScore reports that in May 2010, 183 million U.S. Internet users watched nearly 34 billion videos (averaging 100 YouTube videos per month per user...so guess where you're going to get the most eyeballs). And eMarketer forecasts that spending for online video advertising will make the format the second biggest recipient of new ad dollars from 2010 to 2014: of the more than $13.6 billion incremental dollars that will flow into online advertising during that five-year period, 33 percent will come from video ads, representing a 30 to 40 percent increase in the sector. EMarketer predicts that most of this growth will come from "brand marketers looking for greater targeting shifting a portion of their TV budgets onto the Web."
Gotta Love Performance
There's even better reason for media planners to incorporate online video ads into their campaigns: they work! Online video advertising works for brand campaigns as well as traffic-generating ones. In April 2010, Nielsen found that premium online video ads actually outperformed traditional television ads in recall, branding, messaging, and likeability.
Released last June, DoubleClick's Benchmarks Report showed online video ads astronomically outperforming average click-through rates (0.1 percent vs. up to 5.0 percent, depending upon the size and type of video ad). TubeMogul places the figure a bit lower at 3.0 percent, but that's still a huge boost.
Online video advertising also outperforms when it comes to engagement and conversion, particularly when compared to other rich media ad formats. DoubleClick found 13 to 20 percent increases in ad interaction rates of video ads compared to non-video rich media ads. Video ad network BrightRoll conducted a study that found a five-month-long online video campaign for a major CPG company raised in-store sales over 6 percent.
Schedule a short 30min meeting to discuss developing a on-line video campaign today. http://bizimagemarketing.com