Liveclicker Webinar with Kevin Ertell and Justin Foster
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Transcript of Liveclicker Webinar with Kevin Ertell and Justin Foster
Kevin ErtellFormer SVP E-Business, Borders Books
& MusicFormer SVP, Online Operations, Tower
Records
Justin FosterCo-Founder & VP Market Development,
LiveclickerFounder & President, Video Commerce
Consortium
Video Commerce Consortium▪ Largest consortium of interactive professionals dedicated to advancing the
art and science of video commerce @ www.video-commerce.org ▪ Free Membership – 300+ eRetail Members!
Liveclicker Video Commerce Webinar Series, Part II▪ Channel Intelligence: Using syndication and leverage to overcome
organizational barriers to cross-channel video commerce: April 14, 2009
First Annual Video Commerce Summit▪ Interactive Format w/eRetail Case Studies▪ Contact [email protected] to see if you qualify for an exclusive,
private invitation. April 30, 2009 in Seattle WA.▪ Cost is Free!
Video Commerce Workshop @ Shop.org▪ “Video Commerce from the Trenches” May 6, 2009, Scottsdale AZ▪ Alison Jeske, Director Product Management @ drugstore.com▪ Pinny Gniwisch, Founder & EVP Marketing @ Ice.com
Justin Foster Co-Founder & VP Market Development at Liveclicker Founder & President of the nonprofit Video Commerce Consortium Currently working on the following initiatives:
Actively studying the impact of video on e-commerce performance Building Liveclicker and the VCC into world-class resources for
professionals seeking to advance in video commerce Communicating the value of video commerce through case studies,
whitepapers, webinars, industry reports, events, blogging, and general industry thought leadership
Kevin Ertell 20+ year veteran of specialty retail 12 years in e-commerce Former SVP Online Operations for Tower Records Former SVP E-Business for Borders Keynote & Featured Speaker, Shop.org, eTail, Internet Retailer, etc.
What is Video Commerce? Numbers & Validation E-Commerce Video Cases, Examples
Video via Software as a Service Distributed Shopping Applied to Video
Re-examining the ROI of E-Commerce Video Content Sources Distribution Outlets Strategies to Lower Costs & Increase Revenues
Whitepapers, best practices, etc Q&A
Video Commerce is the practice of using video content to market, sell and
support commercial products or services on the Internet.
Q: In your opinion, what are the biggest roadblocks facing video commerce within your organization?
0% 5% 10% 15% 20% 25%
General lack of interest
Lack of distribution channels
Unsure how to attribute revenues
Lack of central ownership
IT/technical issues
Accessing relevant content
No budget
Lack of perceived value
Too expensive to produce
Lack of best practices
Analytics in their infancy
Lack of production experience
ROI still unproven
Politics/conflicting strategies
Source: Video Commerce Consortium Survey. January 21, 2009
28
http://video-commerce.org/2009/more-retail-video-examples/
http://video-commerce.org/2009/which-online-retailers-are-using-video/
Salaries & Contractors
Video Cameras
Lighting & Audio
Opportunity Cost
Management Time
Screw-Ups
Set & Location Costs
Actors, Talent
Scriptwriting
IT Resources
Post-Production / Editing
Licenses
• Self-Produced
• Supplier-Sourced
• Discovered Online
• Customer-Sourced
CONTENT REVENUE
• Artificial Video
• Crowd-Sourced
• Product Pages
• Video Destination
• Search Engines
• Social Services
• Established Channels
• Video Services
VIDEO COMMERCE PLATFORM
Self-Produced Don’t overcomplicate it! Focus on process Focus on top revenue products from profitability standpoint
Supplier-Sourced Use leverage when possible Lean on suppliers to customize and edit content Minimize the burden on suppliers to distribute content
Customer-Sourced Test incentives, discounts, offers Not all compensation is monetary; use vanity and the prospect of
celebrity to your advantage when possible
Discovered Online Focus on highest revenue from profitability standpoint first Use minimal resources to filter content
Crowd-Sourced Leverage the VCC and other peer-to-peer networks Review terms and conditions carefully
Artificial Video Start with a small pilot Assess branding implications
Whitepapers & Case Studies “Building An Effective Video Commerce Strategy”
http://www.video-commerce.org/Building_an_Effective_Video_Commerce_Strategy_2.pdf “Video Commerce: A New Paradigm for Marketing, Selling, and Servicing Commercial Products
on the Internet” http://www.video-commerce.org/Video_Commerce_and_ECommerce_Video_Disruptive_Innovations_in_E-
Commerce.pdf “ShopNBC.com – Video Commerce: Leveraging Web Video to Merchandise and Sell Products
Online” http://blip.tv/file/1823825
“Panel Discussion with BillardEx, OnlineShoes.com, and eBags.com : Successful Revenue-Driving Visualization Technologies in the Online Space”
http://www.videoretailer.org
Best Practices Videos Lower the Cost of Producing Video for E-Commerce
http://video-commerce.org/2009/strategies-to-lower-the-cost-of-producing-video-for-e-commerce-new-ideas-tips-tricks-for-sourcing-video-commerce-content/
Building a Video Content Strategy http://videoretailer.org/content/video-commerce-chronicles-episode-3-the-importance-of-a-good-content-strategy/
The Intersection of Online Video and Email Marketing http://video-commerce.org/2009/the-intersection-of-online-video-and-email-marketing/
Kevin ErtellFormer SVP E-Business, Borders Books
& MusicFormer SVP, Online Operations, Tower
Records
Justin FosterCo-Founder & VP Market Development,
LiveclickerFounder & President, Video Commerce
Consortium