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Counterpoint
A new study conducted by Oracle Data Cloud and Facebook shows
video ads that are seen for less than 2 seconds do help drive
sales. Not only do they contribute to the goals of an overall ad
campaign, but they can be a big part of the success of a campaign.
The research showed that views under 2 seconds drove 52 percent of
the sales lift measured from campaigns that were suited.
"Spoiler, they do drive sales outcomes. Albeit less so than
longer length videos," says Eric Roza, general manager of Oracle
Data Cloud. "What we found is that the ads that are below 2 seconds
had about two-thirds of the value of video ads above 2 seconds in
specifically driving in-store sales lift for consumer
products."
The Oracle research is just a first attempt to quantify the real
impact of such short video views on Facebook, but it's a start.
Here's how it was conducted: Oracle looked back at 14 ad campaigns
from consumer goods companies, and broke out each ad impression by
the length an ad was seen, below 2 seconds or above. Then it
calculated how much each group contributed to the sales lift for
each campaign.
The study found that video ad views less than 2 seconds were
about 60 percent as valuable to marketers as longer views, but
still far from worthless.
"This is not just anecdotal," Roza says. "We've gone very deep
on this doing the work over months to answer this core question:
What is the value of short view ads?"
Facebook is particularly interested in proving the value of two
seconds to an advertiser. The social network's users are
notoriously jumpy and ready to swipe away from any unwelcome
content. If marketers won't pay for a fleeting video view, that
hurts Facebook revenue.
Roza says there are many factors that could impact the value of
two seconds, including the age of the consumer, the creativity of
the ad and the type of brand. A teenager can get the basic idea of
a message in fractions of the time it takes an older viewer, or so
the argument goes.
"The fact is, this is how people are taking in content and media
today and so marketers are figuring out how to deliver messages and
create value in those short time frames," says Brad Smallwood, VP
of marketing science at Facebook. "The data validates there is
value that happens in shorter time frames, and marketers should be
looking at that and figuring out how to enhance that value because
it's not 5 or 10 percent of the value of a campaign. It's more than
50 percent of the value."
The Oracle study was just a preliminary look at a select few
campaigns, and Oracle promised to continue the research. Oracle
recently bought Moat, a video viewability analytics firm, and it
owns Datalogix, which can track the path consumers
take from seeing an ad to purchase.
Facebook plans to start selling ads using the Media Ratings
Council's viewability standard of two seconds, but as one option
among several. Brands will also be able to buy 10-second and
completed views, or impressions, which is any time an ad simply
loads for however much time.