EyeView's Blog

Meaningless Statistics For Viral Video

I love a well presented chart or a neatly laid out table. The guys over at marketingcharts.com, for example, put out a daily newsletter that delivers one good insight per day without trying too hard.

But this report from the usually reliable Millward Brown left me utterly cold. They claim to have developed a metric for determining the viral potential of your video. Their metric includes “Buzz”, “Celebrity” and “Distinctiveness”. As far as I am aware none of these is measured in SI units. Worst of all is that loaded word “potential”. In other words, even if you accept the crazy notion that you can actually measure the celebrity-ness or the buzz-ocity of your video, you will still only arrive at a figure which shows the potential your video has to go viral. Your video may or may not fulfill its viral potential, but at least you will know how likely this was to have happened… potentially.

Based on Millward Brown’s new index and a survey of over 100 ads, a bizarre statistic was reported here and elsewhere stating that only 15% of ads go viral online. Firstly 15% seems shockingly high to me, but when you look at their definition of viral success you start to see all sorts of chicanery in action.

To back up this statistical flim flam, Millward Brown offers eight case studies analyzing, post facto, the main viral drivers behind each. It’s a classic instance of “past posting”, the delicious con tactic that was used in The Sting. Out of the eight videos analyzed, three were ads that were shown during this year’s Super Bowl. The other five were similarly big budget productions backed up with additional TV and print campaigns. The only lesson Millward Brown is teaching here is that if you spend hundreds of thousands of dollars making your video and then millions of dollars buying airtime for it so that tens of millions of people tuned in to the most watched program of the year see it, there is a chance that more people will watch it again online. It’s the daftest, most insignificant piece of research since this study into whether it’s better to be hit over the head by a full or empty beer bottle.

I understand that agencies are still taking millions of dollars from foolish advertisers to make viral videos with no discernible ROI. I get that this outmoded practice will be defended by other agencies paid by the first lot of agencies to try to lend them some integrity. But this latest attempt at selling the Eiffel Tower doesn’t even try to appear credible.

I call on the researchers at Millward Brown to use their metric to identify some viral successes (and failures) before they happen. Furthermore, in order for something to qualify as an online viral success the campaign must garner more eyeballs online than in any other medium. Let’s see you work your magic with that!

Conversion Optimization - Opinion or Science?

I have always thought it would be fun to be a consultant. I’ve got opinions, plenty of them. You name a subject and I can give you my opinion on it. I’m good like that. It’s a useful skill in conversation. I’m much in demand for dinner parties. I can say something semi-intelligent on a broad range of topics. I have an ever-expanding stream of anecdotes that I can apply to bolster my point of view. I am, like many others, a seething cauldron of eloquent subjectivity.

But that all stops when I get to the office. When we talk about optimizing conversion with our customers, we don’t bring a bunch of stories and best-case scenarios. We bring evidence – data captured from live traffic – that proves objectively what is happening for that customer on that landing page with that traffic from those sources.

Furthermore, we don’t rest on our laurels. We encourage our customers to ask “What have you done for me lately?” and we push ourselves to provide an answer. We do this because optimization of your site’s conversion rate is not a one-time cure.

Causing an increase or improvement is easy enough. If a picture is hung at a crooked angle, anybody can nudge it and improve on what there was before. Getting it perfectly straight requires something more. It requires measurement and testing. Getting it perfectly straight when the wall and perhaps the whole house is rocking from side to side requires planning.

There’s little room for subjectivity and opinion when it comes to optimization. If you want to ensure that your landing page is always performing in the most effective way, you need someone to build a plan that draws on the classic Scientific Method's cycle of hypothesis, experiment and conclusion, repeated for as long as necessary.

So, when you talk about optimizing conversion, are you giving your opinion or looking at the latest results of a scientific test?

New Video Marketing Quiz Lands With A Bang

We’re really excited to launch the newest Video Marketing Quiz with all new questions.

Following the success of the last quiz, we wanted to top ourselves and present some of the data generated by the tests we run in the most engaging way we could imagine.

Since the last quiz we have seen the format picked up and imitated by Omniture/Adobe, which just makes us think that we created an exciting product.

To mark this launch we are giving away hundred of dollars in Amazon vouchers to the people who take the quiz and the Tweet their results.

Every hour for the first eight hours after the launch today at 10 am ET, five lucky tweeters will be selected and sent $20 to spend any way they wish.

It doesn’t get more exciting that that!

Enjoy the quiz and get tweeting!

Viral Videos Suck... or... This Too Shall Pass

First of all I want to thank Nalts and his excellent blog for bringing this video to my attention. It’s another epic mini-movie from OK Go that showcases the band’s innovative use of short-form video to market themselves and their music.

It’s very entertaining. It’s also fairly useless.

Let’s take a look at their last huge viral success. The video for Here It Goes Again rode the first wave of YouTube’s explosion into global consciousness. You’ve seen it. Four indie nerds doing a synchronized routine on treadmills. It’s very entertaining. According to YouTube’s figures it has been viewed almost 50 million times. That’s just from OK Go’s own channel. The same video on EMI’s channel has added another 1.5 million and there are probably a few hundred thousand more views with other unauthorized duplicates.

So the band have produced a video that’s been seen around 50 million times. What did they do with that? Not very much. There seems to have been very little strategy behind the whole thing. If you watch the video on YouTube there are no live links allowing you to purchase either the video itself or anything else by the band. The video serves no purpose other than to entertain. Even if you were to ascribe every purchase of the song’s parent album Oh No to a viewing of the video, you would still end up with a dreadful conversion rate. Fifty million videos viewed has translated, to date, into less than 250,000 albums sold. That’s an embarrassing conversion rate of less than half a percent.

It makes me want to scream. If only their YouTube page was linked to iTunes. If only there was a link to purchase a video ringtone of the video for ten cents. If only the page was designed to drive 50 million viewers towards some kind of action. Any kind of action. If only 99.5 percent of those views weren’t totally wasted.

Damian Kulash, lead singer with OK Go sees it differently. He believes that the video’s huge viral success helped the band to sell out concerts on five continents and win a Grammy. I don’t doubt any of that, I just wish he’d tried the video ringtone idea as well (and cut me in for a percentage).

Which brings us back to now. This new video from OK is very entertaining. Before it even went live on YouTube, Kulash was complaining in the New York Times, no less, about his record company’s refusal to allow video embedding. Kulash was concerned that without the possibility of his video going viral, the band would be unlikely to replicate the success they have achieved. Fortunately for us, EMI caved in and we can now embed the video.

In the two days since it launched, it has been viewed almost 2.5 million times. The video page still carries no advertising or identifiable call to action. Sales of the new album are, as yet, unknown.

I think the video is very entertaining. It still makes me want to scream.