[Apologies for this post being all over the place, sometimes there is lots to say but it just doesn't come out right]
I uploaded my first
YouTube video to my
Nicks Blog today. I still cannot believe how easy it was.
While Google might fall into a lot of lawsuits (and I would sue them too if I was a copyright owner - I am actually surprised that I
haven't heard much on this front), it's totally obvious why users would actually love all these videos. They get for free what they would have had to pay for otherwise or they get what they want now and not just when it comes to them.
The other reason for
YouTube's popularity I think is the ease of creating and putting up a video for free too. So any one can create a
video and upload it and share it at no cost and with super ease. Anyone can have their 15 seconds of fame.
The other things that strikes me so profoundly is the seemingly seamless integration of the
Google products. I mean all one has to do is copy some html code and just paste it in the 'Edit Html' version of a post. It doesn't take more than 30 seconds to take a video from
YouTube and upload it onto a blog at Blogger.
Which will obviously lead to a spread of
YouTube Videos all over the place. Which leads to this huge potential for Google - I am dying to see how they monetize
YouTube, like I have said before. They have tons of people generating content (User Generated Content - the buzz word for 2007 if you ask me) and tons of people consuming this content. And between those 2 this potential to advertise. I love the Google strategy - make everyone go nuts over using your product / service (part of the deal is offering it for free to the end user) and then when you know you have people who cant live without you, make money in innovative ways out of the product / service.
Think about it - how difficult would it be for every video on
YouTube to start with a 20 - 30 seconds ad (for a short video. Longer ads for longer videos) before a video starts or
in between it. And the ads would be RELEVANT. Which is the one thing Google keeps harping about.
The only
hindrance is that video viewing would require high speed
internet but there are enough advertisers out there whose
TAs only use high speed
internet.
How such advertising would be different from your text and banner ads is that this is rich media. It also works on the lines of TV advertising. I would assume
advertisements on
YouTube would actually be better than TV ads as an option for advertisers cause there would be a sense of flexibility and
measurability like the
PPC system has (of course I am not talking about products whose TA will not be on
YouTube).
P.S. I wouldn't die of shock if I learned that Google will never monetize (don't know if this is even a real word)
YouTube.