Pre-rolls are the dominant
form of online video advertising, but display ads still rule the Web in
general. So it’s natural for technologists to look for ways to build
video
into all those omnipresent banner ads.
One of the latest efforts
comes from social video platform VideoGenie, which has rolled out a new
ad unit that marries user-generated video and display
ads. With the spot dubbed “SoapBox,” marketers can incorporate
user-generated video in a campaign and distribute it in a testimonial
type of display ad -- consumers simply record a short
comment from their Webcams and then VideoGenie vets the videos and
populates them into the ad formats.Pilots with kids-product deal site Totsy and travel site Priceline resulted in an interaction rate of over 36% with Priceline and 39% with Totsy. Those figures are 14 and 15 times the industry standard for rich media, according to Google's benchmarks of about 2.4% interaction for in-page video. The video completion rate for the Priceline spots was below average at 44% (average video ad completion rates are in the 60% range), but Totsy’s exceeded the norm at 71%. Those completion rates may have more to do with the audience; Totsy targets moms who are an active demo online, while Priceline is a brand everyone has heard of.
Display
ads overall corralled $12.4
billion in ad spend in the United States last year, and should bring in
about $15 billion this year, eMarketer said. Yet one-third of display
ads go unseen by site visitors, and that’s why
technology firms and marketers have been on the hunt for new formats to
reinvigorate a staid medium.
Social video is powerful and brands are trying to tap into it. Social video platform Unruly Media has reported that brand recall and purchase intent rose when a branded video had been recommended to a viewer or shared.-Daisy Whitney, MediaPost
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