One of the insightful things that has been said to me recently came from an independent consultant working at a major FMCG client. He said: “The problem here is that we have some people who are world-class at marketing to the masses, but they haven’t got a clue about how to speak to a customer.”
As marketers increasingly search for ways to cut through the content noise and offer consumers a rich digital experience, video becomes an ever-more appealing medium. According to an eMarketer report, US marketers alone are expected to spend US$4.14bn on video this year and more than $8bn by 2016.
A new infographic from advertising agency, MDG, takes a look at the power of online video goliath, YouTube, and some of the key indicators of its power and might for marketing.
For example the platform, which attracts 1 billion unique users each month, has delivered an average of 884,000 monthly views and 35,000 subscribers to the top 500 brands using the site.
In one example, the infographic looks at the success of the Old Spice ‘The man your man could small like’ video advertising campaign, which spawned an 800 per cent leap in Facebook interaction and a 107 per cent rise in sales.