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NEWS Flash: “Online and Interactive Video Advertising Hot for 2009“ Here is a link to a new report by Permission TV of the increased use of Web-based video as a leading sales tool. (A related article is posted below in its entirety.)

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MAKE JIM CATHCART YOUR ONLINE VIDEO SPOKESPERSON

Jim Cathcart, Intelligent Motivation for a Challenging World

Jim Cathcart, Intelligent Motivation for a Challenging World

Thursday, January 22, 2009
Online and Interactive Video Advertising Hot for 2009
According to a recent survey of more than 400 senior-level decision makers, conducted by PermissionTV,  online video is the top priority for digital marketing budgets, along with a strong preference among marketers for increased sophistication and interactivity in online video capabilities to promote their brands.

Matt Kaplan, VP of Solutions and Chief Strategy Officer of PermissionTV, said “… online video will play an increasingly critical role in all interactive campaigns… survey results demonstrate the strategic importance of online video in the overall marketing mix… as well as more sophisticated video experiences.”
The study finds that more than two-thirds of respondents identified online video as a primary focus of their 2009 digital marketing campaigns, as respondents consider interactive video experiences to be the next evolution for online video. 62 percent believe that non-linear, interactive storytelling will become the most effective medium for marketers.
Digital Marketing Focus in 2009 (% of Respondents, Multiple Response OK)
Anticipated Focus
% of Respondents
Online video
66.8%
Social media
41.6
Search
34.1
Podcasts/Webcasts
32.0
Rich media
30.5
Banner ads
22.8
Mobile
17.4
Source: Permission TV, January 2009
Least Likely Media Budget Cuts in 2009 (% of Respondents)
Unlikely Cut
% of Respondents
Digital (banner ads, email, online video, podcasts, webcasts)
33.7%
Traditional (print, radio, TV)
24.7
Trade shows/events
21.3
Guerilla (viral, outdoor, social media)
14.5
Source: Permission TV, January 2009
Linking to other videos, graphic overlays, user comments and user-defined contents paths are the most widely needed interactive capabilities for respondents. In Q2 of 2009, more than half of the respondents expect to be implementing or extending an online video project, whereas currently less than one-third are doing so.
Most Likely Online Video Initiatives in 2009 (% of Respondents)
Video Initiative
% of Respondents
Branded content/video destination
63.9%
Viral video
39.0
Interactive experience
38.3
User-generated video
29.1
E-mail video campaign
28.8
Video syndication
22.5
E-commerce
21.8
Source: Permission TV, January 2009
More than two thirds of respondents reported that strengthening relationships with existing customers and prospects is the primary goal of online video initiatives.
The report notes that traditional and digital/interactive advertising agencies are are overwhelmingly confident in their ability to recommend online video initiatives to clients, though digital/interactive agencies expressed more confidence in recommending online video to clients. However, traditional agencies claim more responsibility for driving online video initiatives than digital/interactive agencies.
Ways Online Video Expected to Enhance Customer Engagement (% of Respondents)
Enhancement
% of Respondents
Increase brand awareness
71.4%
Lead generation
47.2
Loyalty/retention
44.7
Converting customers
41.6
Improving service/support
39.8
Source: Permission TV, January 2009
Chad Ciesil, President at WhittmanHart Interactive, said “We’re recommending the use of online video in all of our client’s campaigns as it can lead to greater customer engagement and better campaign ROI.”
For additional information about this study, please visit PermissionTV here.
We use the term research in the broadest possible sense. We do not perform an audit, nor do we analyze the data for accuracy or reliability. Our intention is to inform you of the existence of research materials and so we present reports as they are presented to us. The only requirements we impose are that they are potentially useful and relevant to our readers and that they pass the rudimentary test of relying on acceptable industry standards. We explicitly do not take responsibility for the findings. Please be aware of this and check the source for yourself if you intend to rely on any of the data we present.

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