Saturday 21 June 2008

Lessons from using video for online product demos


I’m pleased to advise we have completed production on a Video Product Briefing for Phillip Securities. It’s not hard to see the application of HBM’s approach to Branded Content, which I may have spoken to you about before. But there were a few lessons to be learnt from this project as well.

Background

The aim of the Video Product Briefing is to promote its mobile trading platform. The Briefing can be accessed via the POEMS website.

The aim of the Briefing is to raise awareness of the platform, which has been around for a number of years, and to educate visitors to its website how to use it. The icon to play the Briefing is located near a banner ad promoting the same service.

We like this Briefing a lot because the recording is credible and contains valuable information. The marketing message, in this case, is to encourage Phillip account holders to trade using their mobile phones. But it’s a soft and subtle sell. Nothing pushy.

We like the clip for several reasons:

• Concise & credible – the emphasis is on education, not selling. Engaging your target market is always a better option than trying to sell something to them. Kudos to the client for taking this route.
• Small file size – at around 11MB, it’s small enough even for streaming using a dial-up connection
• Good image quality – we encode in Adobe Flash 9 (which is actually Flash 8 but encoded in H.264 standard), which means the image quality is nice and crisp.

But the project taught everyone involved, including the client, a number of valuable lessons:

1. Use professional presenters, or provide training for your own presenter.

You have to weigh up whether one of your staff fronts the camera or you have one of ours do this. There are pros and cons to each. In this case, the client fielded one of their own staff for the presentation to camera. Gwen Lee did very well, given that she is not a professional presenter. Bottom line: if you are going to use your own presenter, please ensure you factor in the need for presentation training.

2. Custom backdrops & graphic designs

A custom backdrop and custom graphics do wonders to the branding and viewing experience. And they are not expensive. We’re quite pleased with the final product, given what we had to work with.

3. Make-up

The clip also shows how much of a difference make-up by a professional image consultant makes. Clients are often reluctant to opt in for this, but for the cost involved (several hundred dollars in this case) it makes a huge difference on screen, and the client understood this very well.

4. Video on the front page

The placement of the video was beyond our control. If it had been us, the video itself would have appeared on the front page, rather than just a thumbnail or the graphic of a video camera. There are plenty of examples where video on the front page makes a big difference to the user experience.

5. Effectiveness

Not withstanding the less-than-idea placement of a logo on the front page, our server records show the clip has been downloaded in great number. Naturally, I am not at liberty to say how often, but it certainly seems to have been a success.

6. Get internal buy-in first

Your job is made that much easier if all the decision-makers are on board before you start. Producing a pilot program to get this buy-in sounds like a good idea in theory. In practice, it is best that this buy-in is achieved before you start. Otherwise every cent spent seems like risky business. Get the commitment and budget first.

As always, I am happy to take your questions, comments or feedback by emailing me or calling me on +65 6223 2249 or +65 9017 3534.

Best regards

Mark Laudi
Managing Director
Hong Bao Media (Holdings) Pte Ltd

mark.laudi@hongbaomedia.com

Tuesday 3 June 2008

Hong Bao Media's Investor Central service launches on MSN Southeast Asia

I'm pleased to announce we are now supplying content to MSN Southeast Asia, and have been allocated a dedicated tab on their video page (see screenshot).

This is the latest success in our efforts to develop a network of official syndication partners, which already includes telcos Singapore Telecom, MobileOne, StarHub, out-of-home firm @Life ("At-Life") and financial data provider NextVIEW.

MSN Video is Microsoft's answer to YouTube - but it's better for four reasons (continues below screenshot):

1. More Credibility

YouTube may have popularised video streaming over the internet, even among older age groups (and we're thankful for that!).

But my problem, and the problem of many others, is that much of the user generated material on it doesn't add a lot of value. Even searching for specific terms often yields material which would never pass the "friends test" (if your friends wouldn't sit around the television and watch this stuff, there's virtually no chance anyone else will either).

MSN is a whole lot more credible, because it only takes on professionally produced content. You can be certain the video content has significantly greater production values and editorial value for viewers.

My prediction is that in the near future people will not say "I saw it on YouTube", but "I saw it on MSN Video".

2. Excellent Video Quality

Apart from the production values and the editorial skills of its producers, the picture quality on MSN is significantly better than on YouTube. The reason is simple: there's a company which transcodes the video from broadcast standard to the best possible internet standard, not a backend server which tries to minimise data churn. The image quality on MSN is phenomenal by comparison.

To MSN's credit, the content is streamed in the latest version of Flash. They're not precious about Windows Media Player. Yes, WMV versions are available, but with Flash you don't have the buffering issues that WMV as well as QuickTime and RealPlayer often have.

3. Easier Navigation

Users find MSN Video much easier to search and navigate through, compared to YouTube, which often requires refreshes and moving through several sites before reaching the desired video.

4. Content Syndication

In future, content on MSN can also be syndicated to any other website, broadening the reach of these professional quality videos and negating the need to implement video dissemination from scratch.

The reports we currently supply are:

Investor Central - IPO Briefing
Before you send off the application for shares and your cheque, watch Investor Central IPO Briefing… just to make sure.

Investor Central - Second Opinion
You've done your homework and picked the stock you want to trade - but you would feel more comfortable if you got a second opinion.

Investor Central - BlogCast
When it comes to issues concerning Singapore investors, we're opinionated and we're not afraid to tell it like it is!

Investor Central - Bottom Fishing
We sift through SGX-listed stocks for you and report on those matching value criteria

MSN has expressed an interest in additional professional video content.
As always, I am happy to take your questions, comments or feedback by emailing me or calling me on +65 6223 2249 or +65 9017 3534.

Best regards

Mark Laudi
Managing Director
Hong Bao Media (Holdings) Pte Ltd