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The 80/20 rule: How to make the biggest impact with video

April 13, 2017

By Wibbitz

It’s a tumultuous time to work in publishing. Running a successful brand not only requires the ability to quickly adapt to new technologies and platforms, but to quickly identify which has the most impact and prioritize it accordingly. Knowing what “works” is the first step, but knowing how to get the most value out of what works, and making it work as well as possible, is the key to strong ROI for every business decision. Especially when it comes to my area of focus – video.

Everybody knows that video is absolutely necessary in today’s digital publishing world, but most have yet to figure out how to do it in the most impactful way. There are costs and skillsets required for doing video right, so a results-driven strategy is necessary to find yourself in the black for every video created. It all comes back to prioritization.

It’s important that when you do create video content, you’re creating it for the content that will both resonate with your audience and generate the highest returns. I work closely with publishers on their video strategies, and I’ve noticed a common trend in all of our conversations  – We like to call it the 80/20 rule.

Get the most out of your content

We have found that on average 80 percent of a publisher’s website traffic is generated by 20 percent of its content. That means 80 percent of your revenue and engagement opportunities live on 20 percent of your site. So how do you maximize the value of this prime real estate? As the preferred type of content for both audiences and advertisers, video is clearly the answer. Chances are that you don’t have the bandwidth to create videos for every article on your site – but creating for just that top 20 percent is certainly doable.

We identify these top trending articles using an algorithm for URL velocity, which looks at how much traffic a page is getting within a defined timeframe (typically an hour), traffic sources, and bounce rate. From there, it’s go time – your team should have a ‘get it while it’s hot’ mentality when it comes to video. Videos about or related to those articles should be published on their respective pages as quickly as possible, during the time that traffic is at its peak.

We’ve been testing this theory with our own publishing partners, and have already noticed an uptick in video performance. Bossip, the premium destination for African American and Black entertainment news, is consistently publishing videos to at least 20 percent of their articles on a weekly basis. This year, their average video views have increased by 52 percent month over month to reach 32 million in March. Leading entertainment and media business news site TheWrap is also pushing out video to over 20 percent of their high-traffic pages. These videos have led to a steep incline in revenue – a 92 percent increase since the beginning of this year.

Give them what they want, when they want it

The …read more

Source:: Digiday

      

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