From sparking an idea to helping people make that final decision, online video plays an important role in helping consumers make purchases. In fact, 70 percent of people say they bought a brand as a result of seeing it on YouTube. For advertisers, measuring video campaigns and conversions accurately has never been more important—or more complex—given all the different paths the consumer journey can take.
That’s why we’ve been researching engaged-view conversions (EVC), a more robust non-click conversion metric. EVCs measure the conversions that take place after someone views 10 seconds or more of your skippable ad, but doesn’t click, and then converts within a set amount of days. EVCs are a more robust way to measure conversions than view-through conversions (VTCs), an industry standard that measures the conversions that take place after a person views an impression of your ad, but doesn’t click.
We’ve heard from advertisers that it can be challenging to assess the impact of video ad campaigns on conversions when you can’t compare across ad formats. That is why today we’re announcing that by the end of the year we will make engaged-view conversions a standard way of measuring conversions for TrueView skippable in-stream ads, Local campaigns and App campaigns. Our vision for the coming year is to give you more transparent reporting across both click and engaged-view conversions, aggregated and anonymously, and new configurability options for conversion measurement to make data-driven media decisions for your business.
Engaged-view conversions are informed by incrementality studies
Our teams have run large-scale incrementality studies over the years that confirmed the causal impact of video ad campaigns were undervalued when considering clicks alone. Based on these studies, we found that most incremental conversions come from engaged users who are given the option to skip, but choose to watch your ad. In fact, over 60 percent1 of all skips on YouTube direct response in-stream video ads happen before 10 seconds. Therefore, the decision to watch 10 seconds of a skippable ad is a user choice that signals an ‘engaged-view’. When these engaged-views result in conversions within a set amount of days, engaged-view conversions are included in the conversion report.
The incrementality studies we ran also determined the default attribution window for engaged-view conversions. The default attribution window is tailored based on consumer behavior for each campaign goal and is set to three days for TrueView for action, two days for App campaigns for Install and one day for App campaigns for engagement. But you know your business best, and will be able to set the right attribution window based on your customers’ behavior and campaign goals in the coming year.
We look forward to seeing how engaged-view conversions can help you understand the value of your ads and grow your business as user behavior evolves and new viewing habits, devices and experiences become available.
Source: Official Google Webmasters Blog
Wow, I didn’t know that majority of YouTube’s audience buy what they see 70% of the time. Without a doubt, YouTube, alongside its partner, Google, is dominating the digital marketing scene. Also, we have noticed the emergence of the advertisements embedded within the YouTube videos themselves; bloggers are now finding a way not to let the target audience opt to use the ‘skip video’ button when watching videos. There will always be a way to ensure that the target audience recognizes the advertisement, even for a brief second. For most companies, every second and click counts–as such, it could determine one’s decision to consume such product.
70% of people buy after seeing it on Youtube? How can that be? Seems like a lot, but I guess it makes sense. People are researching things on Youtube more and more.
Video has a tremendously visceral effect on people that words can’t match. That, I believe, is a major component in the success of many YouTubers. This post will help content makers in increasing the earnings from your YouTube channel. Especially for those who have no idea what they’re doing!