On-Line Video

Advertiser are shifting funding from standard banners and rich media to online video because it’s bringing major benefits to their companies. But they’re still advertising on television making online video a compliment to TV rather than an alternative to it.

A study by Brightroll is showing that at least 85% of the ad agencies said spending was moving from other types of advertising to online video. Moving funds from television, though, wasn’t happening as one might expect, with less than 65% of all agencies doing so. Companies that were pulling funds from TV were doing so in much smaller increments.

Many companies in the survey agreed (91%) that targeting capabilities are an important consideration when buying online video. Behavioral targeting is clearly viewed as beneficial, even though still not a wide spread practice. Only 40% of those responding indicated they would use the practice when leveraging their advertising.

I found it interesting that 96% of those ad agencies responding in Brightroll’s survey saw research as something of value their clients, yet only 35% actually conduct research for them. When asked which area of online video advertising one would to see an increase in research done 29% said performance vs television advertising, followed by 28% saying they would like to see increased research in  the “Change in purchase intent or brand lift”. Audience profiling research cam in last with only 4% wanting to see increased research done. Research provides invaluable insight into how well a campaign performs and allows for improved optimization of future campaigns.

Media buyers are predicting that this year online video will see the largest increase in spending  with mobile video following closely behind and social media coming in closely in third place this year. Display, search and tv advertising followed with dismal expectations of any kind of increase.

Overall, I think online video is becoming a clear winner in the advertising expenditure race this year and will likely surge further ahead for the foreseeable future. There are many services out there offering top notch technical product and knowledge, so it should be relatively easy to either DIY or have find a qualified professional to help you.

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Author: Rich Garling

Successful results-driven experience in IT program/project management, focusing on collaborating with multiple businesses and IT workstreams to define detailed business process requirements into workable enterprise software solutions for retail, finance, pharmaceutical, and inventory processes. A successful proven track record in leading cross-functional international teams of project managers while managing expectations and delivering projects of greater than $10M within stakeholder expectations. Provided an in-depth knowledge of SDLC using Agile and Waterfall project management methodologies (Scrum Master (SMC)), MS IT Management/Project Management (AMU)), and a talent for developing business requirements delivering workable technology solutions. Rich holds a Bachelor of Science in Political Science from Northern Illinois University and a Master of Science in Information Technology/Project Management from American Military University. He is currently a Project Manager III for Bradford Hammacher Group in Niles, IL/