This post is second in a series on creating a strong video marketing strategy: PRODUCE, PUBLISH, PROMOTE - Repeat!
In the first post I discussed declining video production costs and how UGC and DIY techniques can result in more content on a regular basis. This serialized content is key to building audience in a Social Media world.
With a content production plan in place, the questions quickly turn to delivery. The explosion of video sharing sites like YouTube, Blip.TV, Vimeo and many others has given rise to the user generated content (UGC) phenomena by making it easy to publish videos online. A main driver is that these services are FREE. In large part, this has been a good thing for broadband video providers and helped generate real data behind the theory that web video is a more compelling and effective medium.
The reality, however, is that these sites are cutting a deal with you; free hosting and delivery in return for loss of control, limited understanding of your audience, one-size fits all implementations and shared-to-no ability to monetize. The cost of this approach to your business down the line can be significant.
You should ask yourself: is building audience on someone else's site in my best interest? In most cases the answer is no. So what your doing is failing to invest in something that is emerging and expected to explode over the coming years, in return for a free offer. Your video content is helping another site build-out its long-term value rather than your own. That's not FREE.
To be fair, I must acknowledge the strong points of free video sharing services. They can deliver audience... not sure if it's the right audience, but audience nonetheless. SEO benefits can also be realized, but the search results generally take users back to the site where your video is hosted, not yours. Not overly compelling when you break it down.
If you're serious about making video content part of your marketing mix, or even more so, a central part of your business model (ad supported, subscription and/or pay-per-view), a free service will never get you there. You need to invest in a content management system that puts you back in control of your content, your audience and your revenue. In many cases, the workflow efficiencies alone will justify the cost associated with having your own Internet TV platform.
But the real opportunity is the ability to drive product sales, engage with your audience (collect data), give partners/sponsors the ability to reach your audience, and/or charge access to your premium level content. To fully realize this revenue opportunity you need control over media and the user experience, as well as touch points with other business systems. This is how you should be investing in the tremendous opportunity that exists with online video.
Remember, you get what you pay for.
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