In the time it took for you to read the headline of this page approximately 5 hours’ worth of videos have been uploaded to YouTube. That’s right—every five seconds 25 hours of video is uploaded, and 400 hours of video is uploaded every minute. It is an important channel because the volume of content being uploaded allows for very specific targeting at a highly competitive price. The platform is also owned by Google which enables even higher levels of targeting, allowing you to serve a video based on an individual google search.
HOW MUCH DOES YOUTUBE ADVERTISING COST?
YouTube is a unique media channel because it only serves video and therefore the ad formats are generally based on CPV – Cost Per View. CPV is a biddable system much like PPC. We set the CPV bids to tell Google the maximum amount you’re willing to pay for each view, ensuring that you always operate at the best value for your business.
Video advertising on YouTube is different from other platforms like Facebook Ads because of the way a view is counted. A view can be defined to when a viewer watches 30 seconds of your video ad (or the duration if it’s shorter than 30 seconds) or interacts with the ad, whichever comes first. Video interactions include clicks on the call-to-action overlays, cards and companion banners.
The exception to this is the bumper ad format which uses CPM. CPM or ‘Cost Per Thousand’ (Mille = Thousand in latin, hence the ‘M’). This is because the video is only 6 seconds long and CPM is how most display advertising (e.g. banners etc) are bought.
WHAT DO I NEED FOR YOUTUBE ADVERTISING?
YouTube advertising is part of the Google Ads platform so you will need an adwords account (don’t worry, we can set this up for you) and you need a strategy for who you want to target and what you want to tell them. You also need a range of quality video content rather than just one high-production piece. Ideally, a few different types of video to reflect each stage of the consumer journey or your product/service range is best. The most important thing is that your video makes the most of those first few seconds, the average person can say 125-150 words per minute or 2-3 words per second.
What would you prioritise in those first 5 seconds?
YouTube advertising is suitable for businesses of all sizes. It is also suitable for ecommerce or service businesses. They key to effective YouTube advertising is ensuring that your video content and targeting are relevant to your target audience. A lack of understanding with these and how the platform works means you won’t get the best value from your media investment.