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Your Brand and Viral Video Spunlogic Lunch & Learn September 25, 2007 Nalts, willvideoforfood kevinnalts@gmail.com http://digiworldhanoi.vn Goals for Today Reaffirm potential of medium Dispel myths Show best & worst examples Discuss your challenges http://digiworldhanoi.vn Introduction By day, I’m a career marketer MBA in high-tech marketing 5 years at Johnson & Johnson Currently Consumer Product Director in pharmaceuticals By night, an onlinevideo junkie More than 15 million views on ~500 video shorts 7 th most subscribed YouTube comedian News appearances, producing TV show on viral videos. Write blog and working book “Prophet of Online Video.” Few Process Notes No need for notes Will distribute deck (with links) Focus on “earned” not “paid” Please interrupt If I’m getting academic, please throw something http://digiworldhanoi.vn Challenges Brands Face Is it appropriate for my brand? Will I lose control? Get slammed? How can I measure it? Will it scale? How will it impact sales? http://digiworldhanoi.vn What is Viral Video? The term viral video refers to video clip content which gains widespread popularity through the process of Internet sharing, typically through email or IM messages, blogs and other media sharing websites. Viral videos are often humorous in nature and may range from televised comedy sketches and unintentionally released amateur video clips. Source: Wikipedia 5 Basic Tenants: 1. Short 2. Edgy 3. Funny 4. Big Finish 5. Topical State of OnlineVideo While onlinevideo is not new, the channel has hit a rapid acceleration in the past 18 months Startups like YouTube are becoming more popular than many traditional media sites. Fifty-seven percent of online adults have used the internet to watch or download video, and 19% do so on a typical day. (The Pew Internet & American Life Project) OnlineVideo Users & Spending Still small part of media mix… But reach & spending on rapid rise Spending on sites like MySpace and Facebook will climb exponentially, rising from $900 million this year to $1.4 billion in 2008 Deborah Williamson, eMarketer senior analyst SEM and OnlineVideo Landscape YouTube The Google of OnlineVideo Social Networking Sites (MySpace, Facebook) Portals With Video Sites: AOL, Google, Yahoo, MSN 2 nd -Tier Video Sites: Metacafe, Revver, Break, Veoh, Brightcove http://digiworldhanoi.vn [...]... Control 7 Deadly Marketing Sins 1 2 3 4 5 6 7 Make brown and white cow Pretend you’re not advertising Spend a fortune on production Tell consumers instead of engage Do a video contest because everyone else is Set unrealistic conversion metrics Give up and advertise Prevailing Myths Onlinevideo is a new channel Quality of the video is what determines its popularity Onlinevideomarketing is about... popularity Onlinevideomarketing is about contests "Tagging" my video with keywords will get them seen Paying for a wellproduced video will increase my brand's ROI After consumers watch my videos, they'll visit my site and buy I can post my brand videos on my website to get them seen We'll never really measure the impact of onlinevideo http://digiworldhanoi.vn Mentos Dramatic sales increase... Wikipedia on Viral Video http://www.kevinnalts.com TheDailyReel http://nalts.wordpress.com / My videos: http:// en.wikipedia.org/wiki/Viral_ video My blog (willvideoforfood.com): Demographics and stats http://www.adweek.com/aw/ magazine/article_display jsp?vnu_content_id =1003645281 http://www.thedailyreel.co m XLNTADS http://www.xlntads.com http://digiworldhanoi.vn Video Examples... name Consider Buzzmetrics or other web audit Willvideoforfood.com, TheDailyReel If video makes sense, get buy-in from your senior leadership Risks, benefits Performance metrics Resources Spending increases AOL/Yahoo Study http:// adage.com/digital/article?ar ticle_id =120616 http:// www.emarketer.com/Article aspx?id =1004105 eMarketer Onlinevideo report http://www.emarketer.com/ Reports/All/Emarketer_200...Redefining YouTube Vast majority view videos they receive from friends, or search for specific content But YouTube, at its heart, is a community that is built on video Defined rules Factions Core audience “lives” in YouTube Convergence Eventually, television and onlinevideo will converge “Leaning Forward vs Sitting Back” Already happening (On... advertising mechanism But viral video tenants remain same Getting Millions of Views Get lucky Create something incredibly viral Be topical Otherwise: Expect low views that build slowly Or “jump start” by leveraging creators with built audiences Ways to Play Market research New channel for existing content Create videos, post and pray Run contest Pay for video ads Partner with creators... Dramatic sales increase when “Diet Soda & Mentos” phenomenon started EepyBird made $50K on Revver alone Next phase: partnering with known creators to move past “Geyser.” http://digiworldhanoi.vn Contests Video Contests: Benefit & Risks Benefits Engages customers Free production Great PR Risks Lot of work Can be expensive Good and bad What if nobody participates? Secret Contest Tips ... avoid a disposable website Promotion is where most contests fail Fish where the fish are Know that good contestants will evaluate a return on their time investment Consider identifying some known video creators and asking them to “seed” entries and promote the contest Be mindful of the fact that people will scan the first posted entries to make their determination about entering Timing is everything . analyst SEM and Online Video Landscape YouTube The Google of Online Video Social Networking Sites (MySpace, Facebook) Portals With Video Sites: AOL,. channel. Quality of the video is what determines its popularity. Online video marketing is about contests. "Tagging" my video with keywords will