Video Commerce Consortium - ROI Of Online Video Webinar

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    Video Commerce Consortium - ROI Of Online Video Webinar - Presentation Transcript

    1. Justin Foster Founder & President, Video Commerce Consortium Co-Founder, Liveclicker Jimmy Healey Product Manager, OnlineShoes.com
      • Video Commerce Consortium
        • Largest consortium of interactive professionals dedicated to advancing the art and science of video commerce www.video-commerce.org
        • Feb 10 2009: The Intersection of Video and Email Marketing – DMA/EEC
        • Feb 12 2009: Video Commerce in the Newspaper Industry – SNA
        • March 2 2009: Video Commerce Thought Leadership Series Launch
        • May 6 2009: Online Marketing Workshop w/CompUSA, Ice.com – Shop.org
      • Jimmy Healey
        • Sr. Product Manager at Onlineshoes.com
        • 9+ years in e-commerce business and technology development
        • Manages in-house video production studio & OnlineShoes.tv
        • Focus on developing social and rich media products that accomplish the following:
          • Educate customers
          • Engage customers
          • Entertain customers
      • Justin Foster
        • Founder of the Video Commerce Consortium
        • Co-Founder at Video Commerce Services Provider Liveclicker.com
        • Currently working on the following initiatives:
          • Actively studying the impact of video on e-commerce performance
          • Building the VCC into a world-class resource for professionals seeking to advance video commerce knowledge
          • Communicating the value of video commerce through case studies, whitepapers, webinars, industry reports, events, blogging, and general industry thought leadership
      • Justin Foster
        • Solving real-world video commerce challenges
        • Actual results and examples from online retailers
        • Tips and lessons learned across the e-commerce spectrum
      • Jimmy Healey
        • OnlineShoes.com’s vision of video
        • Educational & product page examples
        • Onlineshoes.tv
        • ROI of online video
      • Q & A
      • Q: In your opinion, what are the biggest roadblocks facing video commerce within your organization?
      Source: Video Commerce Consortium Survey. January 21, 2009
      • 1/21/2009: YouTube announces expansion of click-to-buy, 23,000% sales increase of Monty Python videos
      E-commerce mainstream Brand marketer mainstream
      • Trapped within the enterprise
      • In-store
      • Television commercials
      • Isolated self-shot footage
      • Collaboration is key
      • Supplier video content
      • Supplier DVDs
      • Discovered on YouTube
      • Content syndication networks
      • Electronically transferred
      • Leverage is key
      • User generated video
      • On-site reviews
      • Webcam comments
      • “ Crowd sourced” discovery
      • Incentive is key
      • Self-Produced
      • Educational video/how-to
      • Promotional content
      • Service content
      • Education & evangelism are key
    2. .com .tv
    3. .com .tv
    4. .com .tv
    5. Source: Video Commerce Consortium, “Building an Effective Video Commerce Strategy,” Nov. 2008 Practitioner Revenue Lift 1 50.1% - 138.9% 133% - 200% 12% + 200% 40% “ Substantial Lift” “ It Works.”
      • Launched in 2008
      • Prominent SEO placement
      • Liquidated inventory of key product
      • Online video is increasingly becoming part of our everyday lives.
      • Usage cuts across age demographics
      • ~ 75% stream at least 1X/mo in 18 – 54 demos.
      Source: Nielsen Research, July 8, 2008. Stats for May 2008, US only. Source: eMarketer, Ipsos Insight March 2007.
      • Telling a story:
      • Engage customers
      • Entertain customers
      • Educate customers (sit and fit experience)
        • Branding
        • Point of differentiation
        • Conversion
        • SEO benefit
      • 78% of customers view the Fitwiz biomechanics video
      • Fitwiz conversion rate is 45% higher than site average
      • Scripting a video
      • Animated Categorical Introduction
      • Product Introduction/Brand name and model
          • Available in various color ways for both men and women
      • Intended User
      • Activity type (what are the key traits that this shoes wearer would posses?)
          • Feature Set (What activities would a user buy these shoes for? i.e. uses, occasion, value proposition)
      • Fit and feel (Sizing, cushioning, and support)
      • Technologies of the shoe and any product updates
    6.  
    7.  
      • Brand focus blog post stats
        • Dansko post: How do you Dansko?
          • Visitors: 12,999 (10/27/2008 – 01/21/2009)
          • Reader submitted comments: 257
          • Average comment: 50 words
        • Merrell post: Readers share their favorite Merrell moments
          • Visitors: 10,361 (09/16/2008 – 01/21/2009)
          • Reader submitted comments: 193
          • Average comment: 60 words
      • Investment
        • Resources
          • Staff
          • Planning
          • Scripting
          • Sourcing of product for shooting
          • Capturing video/audio
          • Editing video
          • Uploading and syndicating finished video product
        • Studio space
        • Equipment
          • Lighting
          • Backdrop
          • Camera(s)
          • Editing software
          • Microphone(s)
      • Return
        • Improved customer experience
        • Increased revenue
        • Customer lifetime value
        • Brand recognition
        • Improved brand relationships
        • Co-op Marketing opportunities

    + Justin FosterJustin Foster, 10 months ago

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