When looking at video as a commercial project, so many people dance on a thin line between art and common sense.
Frequently, years of accumulated commercial experience go out of the window because of phrases like “People will love this” “It’ll look great” or “I’ve got a great idea what if…[insert your own insanity here]”.
Vanity, enthusiam and naivety all play a part in that inevitable conversation between corporate client and video producer which starts with a phrase like “Well the video hasn’t done as well as we would have expected…” If your company has been a part of a conversation like that, then you have most likely broken one of the three cardinal sins of corporate video. This is the first of three articles that explores the cardinal sins of corporate video.
The First Sin – Video is a bill.
In his role as Edmund Blackadder, Rowan Atkinson said “Sometimes Baldrick I feel like an enormous flemingo…No matter which way I turn there’s always an enormous BILL in front of me”. Comical as it seems, this is the way most companies view creating video, either for their website, online marketing or training.
The key to planning any type of successful video production is ROI or return on investment. When you approach the subject of video, for whatever use, you should have some idea of a) What you will use it for? b) What you expect the returns to be? c) How much those returns are worth to you?
When you have these things in mind you’ll have a better idea of what your budget is and what you expect in return for you money, because – Video is not a bill, it’s an investment.
The video you want to create must have a clear use and a reason for being made. It should also be associated with a particular budget: marketing, sales, training, what have you. Once the video is completed, the original footage (raw footage) becomes a part of your company’s library and the completed video is an asset to your company. If you want to “Throw some video on the front page of our website because Google ranks you higher” your project will ultimately fail. If “John has a new iPhone 6, so we should shoot a video of the accounts team, because it’ll go viral”, you will end up making a bad advert for your company, which could cost you future sales and clients.
To blow my own trumpet for a moment…our company has just completed a video project, which has helped raise a large six figure investment from a modest four figure video budget. Why? The video work was considered an investment to market new pharmaceutical process equipment. A price was put on the value of that marketing item and instantly there was an unambiguous framework for everyone to work around with no surprises. We attracted the help of two “Sirs” and five universities in England and Wales. In the words of Martin Sheen “Winning”.
So, repeat after me…Video is not a bill it’s an investment. So please approach it like one.
A simple, clear mission statement on what you want your video to do for you, will save you time, money and possible embarrasement. You can approach video companies with clear motives. They, in turn, (if they’re a good company) will give you clear costs for what you need and clear direction on how to proceed and leverage your new asset.
Join me again to find out about the second cardinal sin: The Wrong Direction.
As always I’m happy to hear from readers, with comments or stories.
Contact me direct on firstname.lastname@example.org or @theguvnoruk