Tag Archives: daisywhitney

What Media Buyers Need to Know About Online Video

What perfect timing. I watched this “New Media Minute” by Daisy Whitney, and  was interrupted by a Product Director who’s seething over his clueless media buyers. My client, like me, is perplexed and annoyed by the inability of most media buyers to speak succinctly to brands about two simple things: whether the media spend is, simply, “on strategy” and “on budget.”

The details are noise, and we just want to be convinced the media-buying firm is not completely clueless. Like maybe they’re buying based on efficient and high-impact opportunities and not to payback for the dinner AOL bought. I mentioned that some media buyers are the people from high school that could have chosen careers selling cars or mortgages, and generally had C averages (but to be fair, they dressed well and always knew how to tap the keg). He recounted his friend who “was probably 400 in a class of 399” and is now quite wealthy in the media space.

I really shouldn’t poop on media buyers until I walk a mile in their Manolos.

On a particularly good hair day, Daisy Whitney tells us Pepsi's putting its Superbowl coinage into creating its own BudTv.

But imagine how frustrating it is — to a marketer and video creator — to read eMarketer reports that online-video is projected to grow at a bullish 30-40% annually…. but knowing that it’s all in the hands of career buyers of print and television who like driving f’ing awareness & attitudes and CPMs and anything else you can’t connect to sales.

People, video has the great potential of driving awareness, but also trial... dare I call it a “direct response” medium that “traditional media buyers” misunderstand, fear, loathe? Media buyers are to “direct response” and sales what belly dancers are to FIFO. And even the Wall Street Journal (a publication you’ve not heard of because it requires a subscription) says snail mail is still hot.

(Oh- you’re not a “traditional media buyer” if you are reading this article, unless someone sent it to you to chastise you).

I find Daisy’s characterization of marketers and advertisers hoping to “buy not rent” audiences a bit quaint, even if it may well be accurate. How many of us wake up each morning curious to know what entertainment P&G or Kraft has cooked up for us? Seriously? Pepsi is apparently bagging the Superbowl and launching some online thing that may or may not be fabulous. It’s “the next great thing” or BudTV.com all over again. We can’t be sure, but I suspect we won’t bookmark it. It reminds me of pharmaceutical brand managers in 1999 aspiring to have their website as the “home page” of every physician. Fat chance, but sometimes time is the best teacher.

I do like the theme of marketers shifting from interruption ads to the creation of engaging content and entertainment. Yey for that! But we impatient and ADHD-driven online-video carnivores are not likely to find it without some help from PR and ad spending.

Fortunately we’re seeing some new “video” ad networks (Daisy names Yume and Scanscount) that might help media buyers go beyond prerolls. I wonder if these companies are sophisticated enough to monitor their names in social media. First company to comment below wins a free pixel.

Read this TechCrunch piece by WatchMojo’s CEO for some tips for content creators looking to snatch some of the massive online-video spending (the writer leads a company that does branded entertainment, which is about as pervasive these days as ad networks). According to WatchMojo: “Unlike articles, you can’t fool audiences as easily with videos. It’s easier to get away with a slapdash article than with a slapdash video.”

Well that’s news to me. I’ve been fooling audiences a few hundred million times.

So here are some tips for the ambitious media buyer who, at least, wants to sound smart when speaking with a brand:

  1. Acknowledge that online-video is growing, and that budget should follow the audience.
  2. Don’t spend it all on pre-rolls. We hate them as much as you.
  3. Find people who have already assembled an organic audience, and sponsor them or buy product placement. Go direct to the big ones (NextNewNetwork, Revision3) or use Hitviews, PlaceVinePoptent or Zadby to broker deals with smaller guys. Did I miss any intermediary between popular web content and marketers? Don’t be afraid to raise your hand.
  4. Partner with content providers and online media players to create webisodes that are entertaining AND engaging (with an emphasis on the former, since the latter depends on it). You’ll need a “branded entertainment company,” but be sure they have an idea of how to get the crap seen not just make it fabulous.
  5. Buy the crap out of ad inventory that are driven by search (if they’re searching for your brand, you want to be there first).
  6. Customize your content because if I see another 30-second spot as a preroll I’m going to power puke.
  7. Use rich-media ads with compelling video content and an irresistible “call to play.”
  8. Buy every Nalts InVideo ad you can from YouTube regardless of the CPM. I heard his content attracts your target buyers, and that they’re 45% more likely to engage in your ad because his videos are so bad.

How Curated Video is the New Black: Example eGuiders

This is a disjointed post… but I summarized things at the end. Of course the summary makes no sense unless you read it.

So just read it. Geez- you had all last week off. Really?

Yeah, so I’m chatting with one of the YouTube editors last week. Can’t say which one because that would be name dropping. But my video shows up before his if you search his name on YouTube.

  1. Anyway, data point one: This edgy Scottish former comedian* — who fancies “stand-up” comedy as a higher form of art than improv — uses the term “curated content.”
  2. This odd phrase flashed me back to data point two; a recent article (I now can’t find) which outlined how we increasingly need help finding good videos… I think the piece used that “curated” term too. Jan you’ll know where it is because we e-mailed about WVFF helping curate. I suppose that’s what I was doing with CubeBreak (I haven’t touched this in years). But it sounds more topical and valuable when we use the term “curate,” which meant otherwise to refer to a dusty cicada-like man who knows how to use microfiche.
  3. Then today I see data point three: a Tweet by Daisy Whitney alerting me that my Glee video was featured on eGuiders. Yeah, I hadn’t heard of it either.

You need two data points to draw a line, but three is enough to indicate a trend (and you can use that quote if you credit me, or win a free piece of cheese if you can manipulate Chris Brogan into saying it). Hey, Marquis… let’s make Chris Brogan this blog’s new ZeFrank.

So along comes “curating” again… just like the days when YouTube had 2-3 videos on its homepage a day. Mind you, YouTube is wonderful if you know who to watch or how to search for videos. Remember how you’d check daily to see what’s hot? Not anymore. If you’re logged in, it’s one site. If you’re not logged in (like most) then it’s probably one of 10 people spotlighting through the homepage.  I don’t think anyone considers YouTube a curator anymore.

  • It’s not the kind of place a novice will necessarily browse and find the best content like such sites as TheOnion or CollegeHumor… sites you love but often forget you love and so you stop visiting… kinda like a walk in the woods.
  • The “most popular” section won’t necessarily please the masse,s and I find few people digging into the sub navigation. In my “7 Secrets YouTube Doesn’t Want You To Know,” I joked that editors have been replaced with Google algorithms.
  • The reality is that I live and love online-video but I can’t possibly keep up. I rarely miss a massively popular video, but I rely on friends and family to help me find the best stuff… Is that curated video or mini-viral? Are they different ends of a continuum I just invented based on Brogan’s writings?

So here comes today’s lesson (it’s not that I buried the lead, I just have to get there by writing around it).

I see “curated” video as an essential long-term driver of views. One day when my organic regular audience runs screaming, I’ll hope curators send me some love. But here’s the thing… when my video is featured on a YouTube sub-navigation page (like comedy) it maybe picks up only 10-30K views (contrast that with a YouTube homepage feature that would fetch 100-1 million views). That suggests to me that few go to the various pages… maybe they’re too broad or not human like a curator is supposed to be. Maybe if if it was “Mark’s comedy picks,” we’d be more likely to follow them… if we found Mark’s comedic taste to be similar to ours.

Eventually YouTube will actually be accurate when it shows related videos… it will become as useful as Amazon’s “customers that bought that bling also bought this shizzle.” Until then, the curator serves an important role. But since our tastes all vary, there will be lots of curators at first until each category (music, entertainment, comedy) has a few leading curators.

Let’s summarize:

  1. Nalts knows YouTube editors
  2. Curating is important
  3. YouTube isn’t really curating
  4. WilVideoForFood has found a new ZeFrank: Chris Brogan (there’s really no reason… these decisions are arbitrary and not well thought out, but they do stick).
  5. Lots of people will curate (like videos-sharing sites) until there’s a natural thinning of the herd
  6. This post read like a teenager’s recount of a movie

Continue reading How Curated Video is the New Black: Example eGuiders

Free Tools. No Ads. We Make It Up in Volume.

Daisy Whitney gave two examples of companies shifting from a free to paid model. I agree that “training the customers early to pay” is good advice, but I also like other model… give it away for free, then offer meaningful upsells. For instance, I’d probably pay for Tubemogul because it saves me the hassle of visiting a number of online sites to distribute and track my videos. Likewise, I just upped my YouSendIt account to a monthly fee… it’s got a 2 GB limit (and I was always just a little to bloated for the free one), and it remembers my e-mails.

So yes “train customers early to pay” but “free” is a good marketing tool. The trick is to develop value-add additions once you have a regular user base. Oh- and note Daisy’s focus is on B2B.

Charging for online-video content is not a good idea right now unless you’ve got INCREDIBLE content and a major following.