YouTube
dominates, with fierce competition among the rest.
Thursday
17th of July 2008 12:00:00 AM
YouTube's
market share is large, but less clear is whether a typical video uploaded to
YouTube gets more views than videos uploaded elsewhere. Curious, we turned to
the data, which is unequivocal: on average, videos uploaded to YouTube
consistently get more views than any other site, regardless of category.
Methodology
Taking
a sample of 200,143 videos currently being tracked by TM, we compared average
cumulative views with respect to different video sites and categories. To
prevent a video's age from skewing the averages, the time period was fixed at
the first 90 days since the video was originally published. The following sites
were compared: Crackle, DailyMotion, MetaCafe, MySpace, Revver, StupidVideos,
Yahoo! and YouTube (newer partners such as Viddler, Howcast and Vimeo were
excluded because we are just beginning to collect data for them).
Results
Average
90 day cumulative views, broken down by site (and rounded to the nearest
tenth):
|
Site |
Average Cumulative Views - 90 Days |
|
YouTube |
3092.2 |
|
Yahoo! |
699.9
|
|
Veoh |
662.8
|
|
MetaCafe |
518.2
|
|
MySpace |
343.7
|
|
DailyMotion |
219.9
|
|
Revver |
188.9
|
|
Crackle |
142.3
|
|
StupidVideos |
126.1
|
Averages
by video category:
|
Category |
Average Cumulative Views - 90 Days |
|
Autos |
1501.8 |
|
Entertainment |
1293.1 |
|
Comedy |
1267.2 |
|
Arts
& Animation |
1106.3 |
|
Animals
& Pets |
1075.1 |
|
Science
& Technology |
794.6 |
|
Sports |
745.1 |
|
How-To |
432.4 |
|
Video
Games |
418.8 |
|
Family
& Kids |
328.1 |
|
News
& Blogs |
302.8 |
|
Vlogs |
259.1 |
|
Travel |
157.3 |
|
Commercials |
124 |
Conclusions
YouTube's
dominance is clear enough from the data, but equally interesting is the fierce
competition on the periphery, with Veoh, Yahoo! and MetaCafe all vying for top
spots. Out of 15 video categories, Yahoo! came in second place six times,
followed by MetaCafe (five) and Veoh (four). MetaCafe's performance is
particularly impressive, given that they have a stricter definition of what
counts as a "view," only counting one per IP address (see our other
research report here).
Broken down by
video category, some results are surprising. MySpace, for instance, only ranks
fourth in the music category, behind YouTube, Yahoo! and Veoh, respectively. "Autos"
received the greatest average views per video out of all categories in the
sample, making car-related content perhaps the most neglected category out there.
"News" having such a low average seems mostly to be caused by a glut
in news content: 13.4% of all videos in the sample are categorized as news,
making it the third most commonly-occurring category.
While YouTube
dominates the averages, sites other than YouTube still control a great deal of
the audience out there. Adding up the site averages, a video producer could
almost double their audience by also distributing to the additional sites
listed.
Don’t Be Afraid To Offer Price
Here are some reasons why:
Many successful internet departments have found that by offering price, they immediately increase their prospect’s comfort level. Remember, most internet shoppers fear being the next victim of the old-school-car-sales tactics. It doesn’t matter how much you reassure these people, you have to earn their trust! Delivering the selling price helps eliminate their fears.
However, if you put your prospect on the ceiling (sticker shock) when you offer the price, you will be able to determine their seriousness much quicker and eliminate wasting valuable time.
How Can Your Dealership Create A Plan And Structure For Delivering Price?
Here’s the road map to help simplify the process:
Establish menu pricing for all models and trims
Agree on a pricing structure or range for all vehicles
You’ll see these benefits:
Quicker price quotes
Standard info now available for all sales people
Cut-down on extensive calculations
Boosts prospect’s satisfaction level
Dealership Management Should Empower The Internet Department
Instills confidence in your potential customers when it appears that you have pricing authority.
Cuts down on time required by sales managers for internet deals.
Management Must Buy-In At The Appropriate Levels To Be Successful
Forces frequent and better communication between the internet department and sales managers.
Empowers internet department with authority to deliver the sales price.
Encourages management support.
How Do You Deliver Price?
THE BEST WAY TO OFFER PRICE IS RIGHT DOWN TO THE PENNY!
Don’t quote dollars over cost or invoice, or percent over cost or invoice. Mr. Internet shopper will likely perceive this as an old school selling tactic.
Why Deliver The Price On The Phone? Won’t People Use It To Shop Me?
Some of your internet prospects may use your price to shop around, but the only way to stop them is by not providing a price quote. Unfortunately, you’ll end up losing more sales by not offering price than by offering one.
People use the internet because they want information NOW. They are trying hard to avoid the same old, run-around at the car dealership. They want simplicity. If you want to sell more cars through your internet efforts, you'll need to learn how to sell the value of a process that does not include negotiation, hassle, pressure, intimidation, manipulation and stress. Ask yourself this question, isn’t it easier to find out early in the process that your potential customer will not or cannot buy, than it is to find out later?
Do you have questions or comments? We want to hear from you. If I can be of assistance please feel free to contact me anytime through the information found at wwwdealeradvisor.com
With Encouragement & Hope!
Shaun Raines
Dealer Advisor
Unfortunately, the showroom traffic you’re looking for is a thing of the past and it won’t be returning unless the internet crashes. You’re not going to get your traditional shopper in the showroom or on the lot like you did 10 or 15 years ago. I’m sorry, but it just won’t happen. You can blame your good friend, the internet. Yes, once again the internet is at fault.
Before
you join a support group for internet haters, let me offer some
perspective and encouragement you should find helpful.
Showroom
traffic is a virtual matter more than a physical one. I may have lost a
few of you with that statement, so let me break it down.
If
you’re a dealer, reading this article, there’s a 99% chance you have a
website. Your website as you may or may not have heard before is a
“virtual showroom.” You have “showroom traffic” by the hundreds or
thousands every month. What are they doing in your virtual showroom?
How should you accommodate this information hungry shopper? Why does
your website exist? The virtual showroom experience has to build the
bridge to the actual showroom. If it doesn’t, you’ll suffer a painful
steady decline that you may not recover from.
Here are some tips to encourage and help you:
Do
you have any old pictures from your childhood?
Most of us do. Have you turned
them into “videos”? Probably not. And the reason is because it wouldn’t really
be a video would it? Taking still images
and turning them into “videos” isn’t really the same thing as watching a home-movie,
is it? Do you have pictures of a special
vacation, a major sporting event, a concert or a unique event that means more to
you than you can describe? You may also
have a video from those events, but they’re two completely different visual
experiences, aren’t they?
I
think you can pick-up what I’m laying-down by now…you can’t turn still pictures into real videos. Maybe this is the reason why some of you
haven’t seen the pay-off that you expected with the “photo-videos”. (I’m sure some
of you are already thinking about your response to post on this article,
especially if you’re a “video” vendor, but go with me on this for just a
minute.)
Memory
If
any of you remember the Arsenio Hall Show, you’ll remember a segment called,
“Things That Make You Go, Hmm…” Well, here’s
one of those for you; if taking still-pictures and turning them into “video”
was as good as a real video…why don’t you see them all over YouTube? Why aren’t there tons of “photo-videos” panning-in
and zooming-out on still images with a robotic voice on YouTube? I think you’ll agree that they would be lost
on most any audience.
Get Real
I’m
willing to step into the octagon (UFC reference for the fight fans) and say
that most of what I see being sold as “video” today is not really helpful to Car
Dealers looking for cutting-edge opportunities.
The reason YouTube, Google Video, DailyMotion and others are so popular
is based on personal, real footage. I’m
not debating the fact that when a video is available, it will result in more
clicks and more time spent on a website.
I just wonder if consumers find them at all valuable. The same still images are usually on the same
page for them to view.
No Question
Video
is absolutely valuable today and will continue to be an area of growth for
automotive websites. Although, based on
this article it may not sound like it, I am a supporter of video usage on Car Dealer
websites. I’m simply encouraging an
alternative to most of what I see.
Recommendation
Make
your own videos. It’s easy and you can
get started with a tiny investment.
Create your own YouTube channel or use other free resources that allow
you to create code that you can embed on your own website or send via email to
customers. Start a video testimonial
page on your website or on your YouTube channel. I know a few dealers that are taking video
into their own hands to provide great virtual experiences for their
customers. Like most things when it
comes to the automotive internet arena, there are right ways and wrong
ways. The right way to succeed with
video is to make it personal, creative, engaging, entertaining, captivating,
convicting, honest and fun.
With
encouragement and hope!