Now you can reach YouTube’s 74 million U.S. users with targeted pay-per-click (PPC) video ads. This recently launched YouTube advertising interface links directly to your Google AdWords Account for billing and reporting. In order to participate in this advertising medium, businesses need to have three things:
1) A company YouTube “Channel”
2) Video ad/ads production
3) YouTube campaign development, implementation & management
The newness of this platform provides early adopters an exciting opportunity to capitalize on YouTube’s massive user population as well as the current lack of advertisers and resulting very low cost-per-clicks (CPCs).
Founded in February 2005, YouTube was purchased by Google in November 2006 for $1.65 billion in stock roughly 1-½ years later. Today, YouTube is the #2 search engine and the #3 most visited website in the world. YouTube serves close to 1 billion videos every day and its users upload 13 hours of video every minute. According to HitWise, YouTube’s market share in the U.S. video sector is 73.18%.
Right now, advertisers can get started with really low CPCs before the advertising at YouTube gets competitive. I created a simple campaign for JumpFly as a test and was able to attain impressive first page results for as little as $0.15 per click. As YouTube’s growth continues and video becomes more mainstream, YouTube will likely represent a valuable advertising avenue for many advertisers who properly go after this new marketplace. Learn more about YouTube Sponsored Videos or consider having a professional PPC Management firm assist you in developing your YouTube Sponsored Video campaign.