Anyone who has ever conducted a search on YouTube knows that it’s quite possible to find a video on almost any subject matter. Only recently, YouTube has recently announced the addition of promoted videos to their pay per click model.
Much like Google Adwords, the YouTube promoted videos reach searchers by using keywords. Advertisers can also add negative keywords to prevent their video from being seen next to undesirable videos or genres. Promoted video ads have the same character length and character restrictions as a typical Adwords text ad; three lines of text with a maximum of 25 characters in the headline, and two lines of text with a maximum of 35 characters per line.
YouTube promoted videos are subject to the same Google Adwords policies and procedures. However, unlike Google Adwords, YouTube promoted video permits alcohol and liquor video advertisements. Videos promoting competing sites, such as Facebook, Myspace, LinkedIn or otherwise are prohibited to run within the promoted video section.
According to Google, over 13 hours of video content are uploaded every second, that being said, just uploading a video to YouTube is not enough. A promoted video allows you to gain exposure for a very small price, due to the fact that the competition is so limited at the present time. Once popularity of this program increases; the cost per click will likely increase.
With YouTube running a close second to Google in the number of searches performed, it is clear that YouTube is not going anywhere. YouTube’s sponsored videos is not only a great opportunity for marketers to get in on the ground floor of video advertising, but also an opportunity to be a part of the next era of internet marketing.
With all of the new and exciting things going on in the Search Engine world, it can be a little confusing if you are not up to date on all of the new channels. I recently spoke to a client who has been with MoreVisibility for 5 years. She keeps hearing/reading all of these “buzz words” but is not clear on what they mean and was embarrassed to ask. I told her there is no such thing as a dumb question; the only dumb question is the one that was never asked. She graciously accepted my offer to provide some insight. For those of you who were too afraid to ask:
What is Social Media? Wikipedia defines social media as primarily Internet-based tools for sharing and discussing information among human beings. The term most often refers to activities that integrate technology, social interaction, and the construction of words, pictures, videos and audio. This interaction, and the manner in which information is presented, depends on the varied perspectives and “building” of shared meaning among communities, as people share their stories and experiences.
What is Facebook? Facebook is a social networking site, which is totally free to join. Once you do you can connect and interact with other people, who will be referred to as your “friends”. The site generates revenue from advertisers. Launched in early 2004, the home page states: “Facebook helps you connect and share with the people in your life.” On the About page you will find this verbiage: “Facebook gives people the power to share and makes the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet.” The website currently has more than 110 million active users worldwide and has surpassed fellow social networking site, MySpace (see below) in terms of monthly unique visitors.
What is MySpace? MySpace is a social networking site that also offers a free membership and was founded in 2003. According to Wikipedia’s definition, “it offers an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music and videos for teenagers and adults internationally. Like Facebook, the site generates revenue from advertisers. The media habitually compares Facebook to MySpace; however, there is a significant difference. MySpace allows users to personalize/decorate decorate their profile, while Facebook does not.
What is Twitter? Twitter is a social networking/micro blogging site that was initiated in 2006. Twitter’s home page states that it is a service for friends, family, and co—workers to communicate and stay connected through the exchange of quick, frequent answers to one simple question: What are you doing? Users then answer in 140 characters or less, which is known as a “tweet”. Twitter is different than Facebook and MySpace in that it has no revenue from advertisers.
What is Yammer? Similar to Twitter, Yammer asks a question, but takes it to another level in terms of being more “office friendly”. What are you working on? The site was launched in September 2008 and is the newest site mentioned in this blog post. Yammer recently won an award at The Tech Crunch 50 Conference for start up companies. This site is also free for the basic service, however, in order to gain more access/control over how employees are utilizing the service, there is a nominal fee of $1 per month, per user.
A recent study by JupiterResearch reports that half of all advertisers are spending less than 5% of their online budgets on social media ads in 2008, which is a much smaller chunk of the pie compared to Search and Display. Larger marketers have been the most hesitant in getting more involved with advertising on Social Media due to challenges with measuring ROI and brand metrics.
Overall, marketers are still unclear on how to leverage this emerging channel and how to measure results. In addition, marketers have limited performance history to use as a comparison with the channel. Social Media publishers realize there are some issues, and are beginning to offer more tools to marketers to help ease any worries.
Social Media users are flocking to these sites, but that doesn’t equate to interaction with the ads. According to a recent MediaPost article, 54% of users never click on ads, 39% occasionally click on ads, and only 7% often respond to Social Ads.
As social media publishers like FaceBook and MySpace continue to offer more tools to advertisers to help them customize their campaigns, there should be a higher adoption of the channel and increased budgets should soon follow.