Online Video: The Next Big Thing in Mass Advertising?
Friday, September 19, 2008 at 04:11PM When it comes to advertising to a mass audience, which medium is better: TV or Internet? It seems like the camps are divided. A younger group would vote for the Internet and typically older groups vote for TV.
Instead of trying to make that tough decision, especially in a slow economy where you don’t have as many advertising dollars as you’d like online video is a happy-medium that many advertisers are starting to use.
People would rather be on the Internet to communicate one-on-one with others. They would rather see commercials and mass messages from their TVs though. TV is the best medium when you want to communicate to people using different senses. With Internet, you generally can only communicate with sight, not sound. Online video is changing that.
TV Commercials Aren’t the Be All and End All of Advertising
The problem with TV commercials is that you don’t know when the people you are targeting are ready to buy and that’s one of the largest factors that determine whether an ad works. The message has to be relevant to the consumer and the consumer has to be ready to buy. Most consumers don’t need big purchases like cars and TVs every week. TV commercials featuring these products can be argued that they are wasting some of their money, which is true. These advertisers are only reaching a small number of people who are ready to buy. That’s where online video comes in.
Online Video is King?
Will online video be the medium that keeps mass advertisers happy? Will that be the venue that makes the most of advertising dollars? It’s possible.
Online video gives the advertiser the power to target more effectively. Let’s say a user clicks on two car banner ads on a Web site. The probability of that person needing a new car is pretty good. The probability is much better than the person sitting at home, not choosing which commercials to see next, unlike the Internet user. Once the Internet user clicks on a banner ad for a new car, that person is then shown an online video commercial featuring the car that was on the banner ad. That person has been targeted much more effectively than someone watching TV. This person chose to watch that ad. That means this person is ready to buy.
Online video eliminates the question of whether a consumer is ready to buy. Based on what the person clicked on and watched, you can then show the consumer another video with content based off of the first video’s content.
Online Video is Coming
Fox International Channels bought utarget.Fox, the largest online video network in Europe, in early 2008 to capitalize on this new trend. And hello! YouTube is a big hit, to put it mildly. Online video seems to be the answer to mass advertising’s question of when the consumer is ready to buy. Now all that’s left is for mass advertisers to make online videos that are compelling.





