Treepodia – The leading Product Video solution for e-commerce

MAD Productions

Beyond expanding our own offering, we’re always on the look out for good strategic relationships, and partnering with M.A.D. Productions is exactly that.

Proud to have M.A.D. as our U.K ecommerce partner

M.A.D., for those of you unfamiliar with the company, is one of the top UK based e-commerce companies, particularly in the realm of SEO. Much like us at Treepodia, they service online retail sites of different sizes across multiple verticals. And much like us, they’re extremely focused on, and successful at generating ROI. So much so that they are responsible for producing over £125 million in online sales for their clients – that’s a lot of returns!

“We met through a mutual friend…”

The relationship between Treepodia and M.A.D. came about as many successful relationships do, through a mutual friend, or in this case a mutual client, Onlinegolf.com.

Onlinegolf is one of our oldest clients having been with us from the full production video stage back in 2008. In 2009 they moved to the automated videos of the smart video platform to more (cost) effectively showcase their entire product line, and ultimately increase conversion rates.

The positive effects were felt immediately (and continue to this day), with an 85% increase in conversion rate for people viewing video.

“Mutual Benefit kept us together…”

Based on these results and the recommendation of the client, both Treepodia and M.A.D. recognized the mutual benefits of their services – to help online retailers increase sales. With that, the partnership was formed.

In the words of Simon Peirson, our UK Director:

“As both Treepodia and M.A.D. are strong forces in the world of e-commerce, providing different services with a similar end-goal (i.e. bringing more business to our clients), this is an obvious strategic partnership that benefits all parties involved.”

Most of all it will benefit each company’s clients who will continue to see ROI based results and an increase in their online store’s profitability.

For more information about the Treepodia smart video platform, or to propose a strategic partnership, feel free to contact us now..

Being a control freak - it's not necessarily a bad thing...

I’m not entirely sure why the words “Control” and “Freak” are so often put together – as if there’s something bad or unnatural about wanting to control things. Being in control of your actions always seems to me to be a positive trait. Isn’t it?

Knowing your past actions’ impact is the key for assessing your future plans

If we consider that being aware of the impact of one’s past actions is crucial to predicting what impact one’s future actions will have, it becomes quite obvious why there’s great value in having the ability to gauge this impact as accurately as possible. This simple truism is in many respects the foundation for the entire industry of web based analytics driven marketing, and the logic driving its growth. Companies are founded, funded and flourishing based on their ability to provide accurate, actionable data which retailers can use and manipulate in order to improve their sales and bolster their bottom line. Here at Treepodia we’ve always viewed providing accurate and actionable metrics as one of the most important guidelines for the development of our applications and that’s why it gives me great pleasure to announce the launch of the newest member of our metrics driven video based marketing tools.

Control Group Measurement for Video

The latest enhancement to the Treepodia smart video platform, is our Control Group Measurement Tool.

This new tool accurately measures the impact of product videos on sales and conversions by comparing the behavior of site visitors who have been exposed to video to the behavior of site visitors who have not been exposed to video.

Get a precise picture of the impact your product videos have on your sales

In other words, by using a control group of those who do not have the option to see video, the Control Group Measurement Tool is able to accurately assess the precise impact of the presence of video on your shoppers. Essentially, what this does is give you (online retailers) an accurate view of how site visitors are responding to the presence of product videos on your site, and we’ve already established the fact that the more data you have at your disposal regarding your past actions, the better equipped you to make informed decisions regarding your future…

Conversions for video-enabled product page are consistently higher

So far, the findings have been astounding, with the conversion rate for those presented with video always coming out substantially higher than among visitors who were not presented with the option to watch video. And, what’s even more interesting is the fact that conversion rates are higher when the option to watch videos is presented to site visitors whether or not the video is watched. In other words, the mere option to watch product videos already increases conversion rates – further proof that product videos work wonders for your online business.

As our own VP of Marketing Melody King said:

“This speaks loudly to the value product videos bring to an online business in demonstrating credibility and trustworthiness.”

For more information on the Control Group Measurement Tool or the smart video platform, contact us now.

Image credit: http://www.flickr.com/photos/ach-squared/3325230784

Everybody knows video is on the rise - but how much?...

A recent study published by Tubemogul, a video distribution and analytics startup, in partnership with Brightcove, a video platform, provides some interesting insights and statistics regarding the ways and places we’re all finding, viewing and sharing video content.

Before diving into some of the cool numbers shared in the study It’s important to note that the study is based on numbers garnered from both companies’ data, which means that it only represents a certain segment of video consumption. This isn’t to say that the data isn’t valid – only that it’s partial and should be viewed as such. For example, data regarding Youtube, which alone accounts for ~40% of the market, is not covered by the study.

Video Engagement Statistics

• Broadcast networks take the lead in terms of viewing time per stream
  Online video content from broadcast networks is watched on average 2:53 minutes per stream. The networks are followed by music labels (1:50 min.) and newspaper publishers (1:41 min.)

• Newspapers and magazines lead in terms of video viewing completion rates
  Interestingly viewers are most likely to watch an entire video when they are consuming it on a newspaper’s site. Newspapers and magazine publishers video viewing completion rates are about 40% each closely followed by broadcasters (38%) with music labels bringing up the rear with 29%.

• Twitter leads in terms of referral engagement
  Twitter referrals generate the highest level of engagement, when compared to other referral sources, for broadcast networks, music labels and magazine publishers. Interestingly newspaper publishers enjoy their highest engagement rates with viewers referred from Yahoo.

Facebook’s shameful share

Another interesting statistic published in the study is Facebook’s share in driving online traffic. Although Facebook’s community has increased by 2% in April alone, and despite the fact that over 34% of the entire adult demographic in the US is already using Facebook, accounts for only 0.40% of video traffic.

I think that if nothing else this number, if correct, speaks volumes for the relatively poor experiences Facebook delivers in terms of video viewing and upload. Considering how popular video is, and considering Facebook’s incredible adoption levels, Zuckerberg’s social behemoth – a leader in almost every other online field, should account for more than %0.40 without even trying!

I’m pretty certain that when Facebook chooses to address it’s video usability issues its market share will improve dramatically almost immediately.

Join the video bandwagon with Treepodia Video Distributor

All these numbers are good and well but how does this reflect on your business and your day to day marketing efforts? Well, although I’m hardly what you’d call objective, I believe the joint Brightcove Tubemogul study provides further validation for our Video Distributor product, which syndicates etailers’ product videos to video sharing sites (Youtube, Dailymotion, Metacafe, etc.). Since we released Video Distributor in February we’ve consistently seen consumers searching for, and learning about our clients’ products on the video sites, and then coming in to make their purchases on our clients’ sites. This trend was confirmed by all the pilot partners who helped us test Video Distirbutor before we made it publicly available.

Image credit: http://www.flickr.com/photos/ndevil/3491395689