Online Video Backlash? What Backlash?
I thought it was a peculiarly British characteristic to put examples of success up on a pedestal and then to pelt them with the rotten fruit of envy at the earliest opportunity. So you can imagine my surprise when I read Ben Weinberger of Digitalsmiths writing about the “Internet Video Backlash” here as if online video was already on its last legs.
The truth is that online video is not going anywhere. The struggle to justify its expense is not a new one and it existed long before online video broke out and became the must have feature of every B2C and B2B website.
Weinberger is confusing online video with online video advertising a mistake he is not alone in making. Online video established itself as an important new medium when people began embedding clips on their blogs. Huge communities built up around video aggregators which generated huge bandwidth costs which belatedly forced site owners to try to recoup some of their expenses with advertising. In other words, online video advertising is world’s attempt to catch-up and profit from the surprise success of a new medium. Two years into the boom, no one has quite worked out how, yet.
Recent reports suggest that the largest aggregator, YouTube, may finally be closing in on profitability, but the struggle for most sites continues with huge amounts of unsold inventory.
But what if they’re all approaching the problem backwards? Online video doesn’t have to be the placeholder around which you build your revenue model. For businesses, online video is much more than entertainment. Online video can inform, it can educate and it can convince. Online video is not just an anchor for your revenue generation efforts, it should be a key part of your strategy.
Old world thinking says that online video drives audience and the bigger the audience the more money can be generated from ads. New world thinking says you should calculate your ROI directly from the videos by using them to build loyalty, solve problems and convert users into paying customers.
Online video is fast becoming the medium of choice for C-level executives when they want to learn about a product or business opportunity. More and more people are turning to video when they want to understand more about the site they are visiting. They would rather play a video than wade through paragraphs of text.
If you have spent any amount of time on website optimization to increase your conversion, then it’s time you started using video as part of your site’s optimization plans.

