Power of YouTube
Last year, a friend of mine had a tire blow out on her car.
She was all alone and didn’t know how to change a tire. Instead of panicking or
calling someone to come help her. She pulled out her smart phone opened her
YouTube app and found a video that showed her exactly what to do. Just about
everyone has an experience like this; you don’t know how to do something so you
find a YouTube video to show you how.
YouTube is considered one of the largest search engines,
obviously not as big as Google, but definitely larger than Yahoo or Bing. If
fact, it has become so large that people are canceling their cable and relying solely
on YouTube and other streaming sites.
So how does this affect advertising?
Well, people can choose if they want to watch ads or not.
This makes the impressions that are happening more meaningful, because people
who are watching actually want to be. According to VisualNarrative.com, in 2014
people choose to watch over 1 billion minutes’ worth of YouTubes top 10 ads (Visual
Narrative, 2015). That’s roughly 1,902.6 years’ worth of advertisements.
Advertising on YouTube is also significantly cheaper than
traditional TV ads. In 2015, a 30 second ad during Primetime cost about $112,000
(What It Costs, 2015) and that doesn’t include the cost of producing the
advertisement, so it only goes up from there. While on YouTube it only costs
about .10 to .30 cents per view. This can add up quickly, but if it is targeted
correctly, then it shouldn’t be as expensive as traditional TV.
On a branding note, YouTube is also the perfect place to
show off your brand personality. GoPro does a great job of this (check ‘em out: GoPro).
They don’t use their channel to try and sell their products. The channel is
about showing their products in action. Their videos are fun, entertaining, and
engaging with their consumers.
YouTube doesn’t actually make their parent company, Google,
any money, but it such a great resource for companies, Google continues to keep
it running. Whether your company is purchasing advertising space or just controlling
a brand channel, YouTube is an important social media that every brand should
be utilizing.
What It Costs: Ad Prices From TV's Biggest Buys to the
Smallest Screens. (2015, April 06). Retrieved February 18, 2018, from
http://adage.com/article/news/costs-ad-prices-tv-mobile-billboards/297928/
Visual Narrative (2015). The Power of YouTube Advertising.
Retrieved February 18, 2018, from
http://www.visualnarrative.tv/blog/2016/2/29/the-power-of-youtube-advertising
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