Cheat Sheet: Video Advertising on Social Networks
Interestingly, 32% of agencies believe that theyâre already extending video ad campaigns to Facebook, according to recent Mixpo Report.[i] Why interesting?Â Itâs not yet possible to purchase video ad inventory on Facebook.Â Facebook doesn’t offer it yet.
Yes, there are ways to shoehorn rich media into the newsfeed, but agencies aren’t yet able to purchase video ad inventory from Facebook the way they could, say, from a video ad network or premium content provider.Â Thatâll happen. And when it does, the impact will be huge. Marketers will benefit from an enormous increase in quality inventory, a welcome relief from the presently constrained pool of supply.
As we all know, consumers appetite for online video and marketersâ use of video advertising is growing exponentially.Â So is their use of social marketing.Â The two atomic streams â video and social â are colliding to create immense opportunity for advertisers.Â Rapid change, though, results in questions, even confusion.
Itâs no wonder since video and social go together great!
-Â Â Â Â Â Â Â Â Â Consumers are more likely to enjoy a branded video and remember the brand involved if they come across it thanks to a social media recommendation.[ii]
-Â Â Â Â Â Â Â Â Â A branded Vine video isÂ four-timesÂ more likely to be seen than a regular branded video.[iii]
-Â Â Â Â Â Â Â Â Â Instagram videos are creatingÂ two-timesÂ more engagement than Instagram photos.[iv]
-Â Â Â Â Â Â Â Â Â Lululemon, one of the first brands to use Instagram video, earns seven-timesÂ as many comments on its Instagram videos as it does on its photos.[v]
-Â Â Â Â Â Â Â Â Â Completion rates for socially-referred video are higher than those for video views that aren’t shared.[vi]
First a quick step back, video advertising is easy to conflate with the practice of branded video. Video advertising is the kind of video advertising you pay for, not just positing a YouTube link to your Facebook page.
For our recent report, Demystified: Video Advertising Across Social Networks, we surveyed over 100 agencies and learned that most plan to run video advertising campaigns across social channels.
Conclusion:Â Now is the time to get started
Itâs clear that marketers want to extend video ad campaigns to social media, paid and earned.Â Who wouldn’t want to expand the reach and frequency of any video ad campaign to the millions of fans and followers that brands â and their agencies â have earned?
The key thing is that it has to be easy.Â Video is already challenging enough, particularly as you need to be executing video that works across screens (video will break on different screens depending on the approach).Â No one needs another headache.
The opportunity for video campaigns on social is here – itâs within grasp.Â Agencies and marketers just need the right technology or technology partner to grab hold.Â The good news is that the technology is there. And itâs approachable, not confounding.
Soon, more video ad inventory will pour in from Facebook, Instagram, Twitter, and the like.Â Donât get caught flat footed.Â You will at the very least want to have gained experience.Â Your brands will ask for it.
Have your technology partners show you how to extend video to social.Â If they canât do it â or canât do it without hassle â then find one that can.
[i]Â Mixpo. (2013, October 1). Social Video Advertising Survey.
[ii]Â Business Insider. (2013, June 18). Social Video Is Creating New Winners And Losers In The Online Video World. Retrieved from https://intelligence.businessinsider.com/how-social-video-is-replacing-cable-2013-6
[iii]Â The 7th Chamber. (2013, September 3). Vine Statistics: Brands on Vine. Retrieved from http://www.the7thchamber.com/2013/09/brands-on-vine/
[iv]Â Simply Measured. (2013, June 27). The Data Behind 5 Brands Using Instagram. Retrieved from http://simplymeasured.com/blog/2013/06/27/the-data-behind-5-brands-using-instagram-video/
[v]Â (Simply Measured, 2013)
[vi]Â (Business Insider, 2013)
About Mixpo: Mixpoâs multiscreen video ad platform enables advertisers to extend video ad campaigns across social properties, including Facebook and Twitter, today. Paid and earned. Desktop, tablet, and phone. In seconds.Â All of the performance metrics youâd expect from any social marketing and video advertising included.Â Do it yourself using our intuitive platform or have us do it for you as a managed service.Â Either way, itâs easy. Contact us at email@example.com to learn more. The full report is available for free download, Demystified: Video Advertising on Social Networks.
Walter Harp leads product marketing strategy at Mixpo and has served in senior product management and marketing roles in the online services space for over 15 years. Beyond Mixpo, he pulls from his seven years at Microsoft, leading online consumer servicesÂ teams to generate tens of billions of ad impressions, and his years at AT&T when he built and managed partnerships for their emerging smartphone channels. He holds a Bachelorâs degree from Stanford and an MBA from Columbia.