Shift to Video Continues with New Yelp and Facebook Updates
August 8, 2014 | Contributed by: Wesley Young
Video continues to take a central role online for consumers and publishers. A 2014 Cisco study predicts that by 2018, 79% of all Internet traffic will be video – and Yelp and Facebook are working to accelerate that growth.
Yelp recently introduced a new feature allowing users to post 3-12 second videos related to local businesses in order to better capture ambiance, lighting, noise and other features that are hard to capture with photos. Currently, the feature is only accessible on the Yelp app for iPhone users but is expected to be available for Android soon.
Bringing the sights, sounds and motion from a local businesses to the digital world is going to be extremely helpful for a wide range of verticals. According to a study by Animoto, 73% of consumers are more likely to make a purchase after watching videos explaining a product or service. In addition, Yelp users post around 23,000 photos each day, and that kind of activity should help the review site generate video content at a similarly rapid pace.
While Yelp does provide some tips and examples of what a good video looks like, the downside to the feature is that there doesn’t seem to be much the company can do in regards to video quality. On the other hand, poor quality videos should be less a reflection of the business and more so of the uploader.
Facebook is also putting some effort into growing the influence and overall presence of videos on the social network. In March this year, Facebook introduced a new video ad unit that is 15 seconds long and runs inside a user’s news feed. The ads automatically play without sound and when clicked, they expand to fill the screen with sound.
With Facebook’s often cited 1.5 million small and medium-sized business advertisers, the introduction of these ads may seem like a big win for Facebook and SMBs alike, but it hasn’t happened yet. The ads are still in preliminary stages and according to a story on Re/code, Facebook is running tests and working to get users ready for the full roll out of these ads by showing more autoplay videos in the news feed.
“We have to get the consumer experience right, and autoplay is obviously a big deal,” Dan Levy, Facebook’s director of small businesses, told Re/code.
The time table isn’t clear, but much of the testing of the new ad format is taking place with the help and ad dollars of big brands. The cost for these ads are well outside the typical SMB ad budget, with Mashable saying in February that ads start at $600,000.
The continuing shift towards video content for consumers and publishers alike is changing the complexion of the digital world. And this shift is only being accelerated as big names like Yelp and Facebook invest in video solutions and products.
Tags: Animoto, autoplay, Facebook, Facebook Ads, local businesses, Local Search, Local Search Association, Mashable, ratings and reviews, Re/code, small and medium-sized business, Small Business, SMB, SMBs, Video, video ads, Yelp, Yelp Video
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