Online Product Video Really Driving Buying Interest

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A key objective and finding in the recently released Interpret Survey  was that high engagement levels translate into high satisfaction for viewers, high brand recall for advertisers, a greater inclination for consumers to seek product information, and potentially more money for publishers.  An obvious sequence of events, but critical for publishers for  proof for online video investment and sales pitches as ‘traditional’ online advertising is under pressure,

According to the study:

  • 27 percent of respondents who recalled a high engagement video searched for more information about the product.
  • 28 percent visited an advertised brand or product’s website after viewing a high engagement video.
  • High engagement videos account for nearly half (47 percent) of ad recall.

“This propensity for sharing and ad recall translates into improved viral ‘buzz’ for advertisers and their ads – if they take advantage of online video opportunities properly,” said Liz Huszarik, senior vice president, Warner Bros. Media Research.

This is the reaction and feedback that we are getting from customers of Silverlinemedia.tv. In our view many websites are complicated, and word heavy. Online video gets the message of the business and product across in multi-sensual and dynamic way. Its not suprising a good video ad gets cut-through and generates further interest vs. the decreasing return of the traditional banner. See Eyewonder for examples of quality video creatives from leading worldwide agencies .

This survey also supports the Comscore Survey in May which we reported in which suggested a 40% uplift in buying from watching online video.

Survey  by  Interpret (in conjnuction with  Yahoo, Havas, Warner Bros and Media Research and PHD)

Online video advertising growth strong despite slowdown

emarketeer1Emarketeer has just reported its 2009 forecast for online ad spend. No suprises given recent industry and media buzz. Online spending on video advertising, is expected to remain strong at 44.9 percent, whilst online ad spending is forecast at US$25.7 billion dollars in 2009, just 8.9 percent more than the US$23.6 billion dollars that will be spent in 2008.

In August, before the full impact of the economic slowdown and its impact on the technology sector was apparent, eMarketer had predicted online ad spending would grow by 14.5 percent in 2009.

No suprises. Display has a terrific role to play in brand enagement as well as ROI and now with broadband, consumer video habits and a plethora of agency and SME video solutions and ideas the advertiser can really engage their audience with video advertising and content via the PC and increasingly through the take-up of the ‘new’ devices. Our view a targeted engaging piece of video vs. dead trees and mass broadcast. Let battle commence.