Without a doubt, online video increasingly influences the way we expect to digest content on the Internet.
As high-speed access becomes the norm in households that actually spend money online, video will pervade even more of every user's experience.
Besides the enriched content online video provides for viewers, it has also sparked yet another online "gold rush" for online businesses.
The dash for cash this time centers on who can figure out how to put effective advertising into the video mix.
But, unearthing these online riches entails balancing the advertising content so businesses can make money while at the same time not alienating viewers who, up until now, have not been forced to endure institutional advertising in their online video clips.
With some sites getting over a million visitors a day, the prize of figuring out how to get those visitors to buy something has proven too tempting for online advertisers to ignore.
In fact, some even speculate that video advertising technology in the not too distant future will allow contextual ads to appear in video based on actual dialogue in the videos.
Though this sounds exciting, my experience with creating online video tells me that, for most big companies, online advertising won't work with any measurable effectiveness.
For example, one of the most popular videos online right now shows kids with a Pepsi or Coke bottle dropping Mentos candies into a two-liter container.
The ensuing chemical reaction makes for an explosive show. On the surface, you might think one of the soda manufacturers or the candy maker would want their ads to appear within the video, but would they?
I don't think Coke wants to encourage people to make bombs out of their product.
However, an ad for a book about pranks or mischievous projects with common household items might sell like bottled water in the desert.
Another obstacle faced by advertisers who want to ride along in other people's videos involves the fact that TV advertising doesn't work online for a very basic reason: the Internet is NOT TV!
When someone watches TV, they are typically in a very physically passive mode.
They sit back in their chair, feet up, drink in one hand, remote control in the other and a bag of chips in their ever-expanding lap.
Conversely, when someone watches video online, they usually sit upright, leaning forward, mouse firmly in hand, and ready to click away on to the next thing at the first sign of boredom.
In short, people physically and mentally won't stand for a traditional TV advertising approach when it comes to online video.
So what will work in online video advertising?
Simply this: advertisers must create their own videos to go with the ads they want to run.
They can't just plop 15-30 seconds of advertising material into someone else's video and expect to turn a profit very often.
Video advertisers must understand that the line between video ads and video content is a blurred one that can't be separated by "And now, a word from our sponsor."
The videos themselves, not the ads, must build a desire within the viewer to find out more about a product or service.
This especially holds true for smaller companies and individuals who, unlike Coke and Pepsi, don't have millions of dollars to throw at online video to "build a brand."
The real winners in online video will understand that the marketing message and the delivery method are one in the same.
Taking the "easy road" of inserting TV ads into videos won't generate a profit for the vast majority who try to make it work.
Future Of Online Advertising
Emerging technologies have helped us to do more, communicate more quickly, extend our outreach, and save time. The strength of a home-based business is in its flexibility. Successful small business owners will be committed to listening to the needs of the market place and responding in a timely manner. What other trends are occurring in the marketplace?
1) Security – Just as the Internet has created a world of opportunities, it has created equal opportunities for fraudulent activities. Any business that can provide security in the marketplace (such as secure ordering), or trust in the eyes of the customer (such as proving your product does what you say it will do) will win.
2) Delegation – While technology has given us tools to do everything more efficiently and accomplish more, we still only have eight hours in a day. Smart business people will choose their opportunities wisely, focus on what they do best, and outsource the rest. Those who provide that “outsourced” timesaving help are destined to profit. Paul R. Gudonis was quoted in Fast Company magazine as saying, “I would borrow a suggestion from a friend, Geoffrey Moore, who wrote Crossing the Chasm. He said, ‘Figure out what you want to do better than anybody else in the world, and then outsource everything else – whether it's the payroll system, technology operations, or design work. Then, focus on creating your competitive advantage.' Because of the huge costs in IT, ask, How can you leverage the investment that others have made in order to direct your investment to the areas where you want to create competitive advantage?”
3) The human element – In a day when many large businesses are moving to automated phone systems, people crave to speak with a live person. Carefully preserve the “personal” elements of your business. Answer your phone. Listen to your customers. Go the extra mile. Offer top-notch customer service. Those who find solutions to providing better, more personalized customer service will win the war for customers.
4) Monitoring and management tools – Efficiency is the key to doing more with less, surviving, and thriving. Anyone who can provide software, tools, and help for relieving overburdened business people will be successful. Special areas of interest include time management, organization, and life/business strategy.
5) Humanitarian Efforts – The U.S. tragedy of the bombing of the World Trade Center and the Pentagon on September 11 has moved the world toward a greater enlightenment and yearning to step up humanitarian efforts. People yearn to live fuller, richer lives. We are hungry for spirituality and answers to life's most pressing questions. There is a definite future for any tool, service, or book that can bring assistance to those who need it and help us to lead lives of peace, power, and prosperity.
6) Learning – Life is too short and technology moving too fast to try to discover answers by ourselves. Learning is the key to growing and prospering. There is a strong need for any programs, tools, books that can help people to jump the learning curve and achieve and experience more in life and business
7) Flexibility – Technology is leading us to be nomads. We can literally pack our business up into our business satchel and head out into the world. Not only will flexible businesses survive, but also there will be an ever-growing market for technologies or services that enable businesses to be more portable and flexible. By the same token, personal growth programs will empower business to breed a new type of executive leadership that thinks out-of-the-box and quickly embraces new opportunities.
Both Jim Edwards & Kristie Tamsevicius are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Jim Edwards has sinced written about articles on various topics from Surveys, Video Games and Six Sigma. Jim Edwards is a syndicated newspaper columnist and the co-creator of an amazing course that will teach you step-by-step and click-by-click how to get your own money-making videos posted online... "Finally! A Quick and Easy Way For YOU To Painlessly Creat. Jim Edwards's top article generates over 18100 views. to your Favourites.
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