Whether you are getting started with making a business video or you’re an expert, it is important that you know how to measure your success. Every video solution and almost every website analytics solution has some flavor of video measurement, but there are few standards. In this post, I’ll try to cut through the noise and provide 3 simple tips for measuring.
We like think about video measurement similar to how you think about website measurement. How many people came to your site, what did they do while they were there, and did they take one of actions that you wanted (i.e. signed up for a webinar, took a free trial, downloaded a white paper, etc.)?
1. Start by measuring the number of views
This is the most popular metric and also one of the most important. Obviously, if you post a video on your site and you are getting very few views, there could be a problem. Is it below the fold? Is the call to action not strong enough? Or, does the topic of the video not work in the context of that page? For example, we see very few views of the customer testimonial video at the bottom of our homepage. The biggest reason for this is that it is a customer testimonial and website visitors landing on our homepage are problem not ready for a testimonial quite yet. When we’ve embedded testimonials on our pricing page, the number of views were much higher.
In the VisibleGains product, we measure number of views, but also the “Opt-In” rate which is a simple calculation of # video views/# page views. This basic metric helps our customers to understand whether they are getting better over time or with different placements of the video. If you use YouTube and Google Analytics on your site, the opt in rate can be calculated pretty easily using the number of video views from YouTube and the number of page views from Google Analytics.
2. Measure your viewers’ engagement with the video
Depending on your video solution, you will likely have a unique way of measuring engagement with your video. They all pretty much do the same thing, but have different names and look & feel. YouTube, for example, has the Hot Spots feature which show the most interesting (hottest) parts of your video. Another visual is that a lot of the web analytics systems have an engagement graph where you can see where viewers are dropping off.
I believe these are interesting tools to use, but they are more complicated than needed for most business video amateurs. We suggest you start out by simply measuring the average amount of time viewers are spending in your video. With this metric, you can get a pretty solid understanding if the video is interesting. Once you get some experience, it might help to dig into the Hot Spots or drop-off charts to further optimize, but we do not recommend them for most early customers due to their complexity.
3. Measure the success your video has on your website conversions
At VisibleGains, we always coach our customers to start with a video to help increase conversion. The first time you make a video, it can be daunting, so we want to make sure that you can easily see if the video worked. When video achieves a goal, it makes it easy to justify doing it again, both to yourself and your management team.
If you use VisibleGains or another video solution that has built-in calls-to-action and lead capture forms in the video, you should measure how many video views lead to a click on the call to action or to the lead capture event. If your solution doesn’t include those features, then you can write custom reports in your website analytics solution to correlate conversions to video views.
Conclusion
Depending on your video solution, you will likely be overwhelmed by the options for measuring video on your website. When you get more experienced, you can dig into all of the advanced features, but when you are just starting out, it is important to keep an eye on the simple metrics above. For a good example of these metrics in action, check out this video on a landing page promoting an upcoming webinar. This was a very easy to make and also had a very short life-cycle. This made it easy to quickly understand the impact video could have on the customer’s key metrics.
P.S. If you are interested in some of the more advanced topics in this post, let me know in the comments and I will write an advanced video analytics blog post in the coming weeks. Thanks!