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YouTube is the 2nd most popular social media platform. It is also the 2nd most visited site globally, next to Google. With 1.9 billion monthly active users, nothing can beat the platform’s power when it comes to video marketing. A video marketing agency Hong Kong has noted that: every minute, 500 minutes of YouTube videos are uploaded. It equates to 30,000 hours of videos every hour and 720,000 hours of videos daily. No wonder videos became the most popular way to consume content.

Around 82% of people visit YouTube for entertainment. Only 18% of YouTubers follow a brand or a business channel. But there is no question that YouTube is a powerful branding and marketing tool as 30 million visitors go to this video-sharing platform daily. So, if you want to expand the reach of your video ads and campaign, YouTube is the right place to stay. Below, we will discuss some YouTube Ads for small businesses.

WHY SHOULD BRANDS AND BUSINESSES ADVERTISE ON YOUTUBE?

A digital marketing speaker Hong Kong highlighted that YouTube is more than just a video-sharing platform. It boasts of almost 2 billion users every month. So, you are missing out on a huge market of target audiences if you don’t use YouTube as part of your marketing strategy. A YouTube exposure is a versatile way to engage with the online community. Here are some reasons why brands and businesses should advertise on YouTube:

  • About 70% of modern consumers bought a product after watching a YouTube video.
  • Around 90% of global shoppers discover a new brand or product on YouTube.
  • There are 96% of people learn more about a product or service through YouTube explainer videos. 
  • YouTube video ads are a cheaper way to boost engagement and reach. Typically, brands and businesses only pay when a user watches the video for at least 30 seconds or when someone clicks on a banner, card, or CTA (Call-To-Action) within the video ads. They only cost around $0.10 to $0.30 per view. 

YOUTUBE ADS FOR SMALL BUSINESSES

A social media agency Hong Kong notes that YouTube offers a variety of ads for small businesses. These are called TrueView video ads and have been recently categorized by the platform into two groups:

  • Discovery Ads are video ads paid when somebody clicks the video ads’ thumbnail. These include Display video ads, Overlay video ads, and Sponsored cards.
  • In-Stream Ads are video ads paid when a user watches the video for at least 30 seconds or when someone clicks on a banner, card, or CTA (Call-To-Action) within the video ads. These include bumper video ads, skippable video ads, and non-skippable video ads.

Display Ads

These types of video ads appear at the right side of a featured video right above the suggestions list. They are a less popular video ad format on YouTube. But they still generate positive results for awareness, discovery, and reach. Display Ads are a cheaper alternative to Google SEO ads. Promoting a competitive niche using display ads only costs 3 cents per view. The key to these video ads is to include phrases in your niche that people commonly search. As such, Google will display them to people searching for such phrases. These ad formats are designed for desktops.

Overlay Ads

Overlay Ads are transparent content that appears on the lower 20% of a regular YouTube video. They can either be image or text ads. These ad formats are great at driving traffic to a YouTube channel or website. The key to making overlay ads work on YouTube is to insert them within relevant, engaging, and entertaining videos. Brands and businesses often use overlay ads on welcome videos to encourage viewers to click on a YouTube channel and stay. Though overlay ads can be placed naturally on any YouTube video. These ad formats are designed for desktops. 

Sponsored Cards

They are a recently-launched YouTube ad format. They are featured content displaying relevant videos. Most of the time, they contain a featured brand or product. It is a teaser card about the brand or product that lasts for a few seconds. One thing good about Sponsored Cards is that an advertiser or marketer does not need to do anything to set it up for monetization. YouTube will automatically insert these cards on monetized videos. It is a new way to earn extra income. These ad formats are designed for both desktop and mobile.

Skippable Video Ads

Skippable video ads are the most common YouTube video ads. They can be seen before, in the middle, and after a regular YouTube video. They can be skipped after a duration of 5 seconds. Brands and businesses only pay for skippable video ads when the viewer watches them for at least 30 seconds. They keep your YouTube advertising cost down but provide the most accurate targeting options. 

Non-Skippable Video Ads

These are video ads that viewers must watch before viewing or continuing to view regular video content. They are video ads that typically last for 15 to 20 seconds. But they can also be extended up to 30 seconds. These video ads can be played before, during, and after another video. The result of this type of ad format is that they allow your message to be understood in full by the viewers.

Bumper Ads

Bumper Ads are also non-skippable video ads. The only difference is that they last for a shorter duration – 6 seconds. A viewer must watch a bumper ad before being able to watch the main video. These video ads deliver short and memorable messages to target audiences. They are only paid per impression and are charged by CPM or cost per thousand impressions. 

Reference: https://influencermarketinghub.com/how-much-do-youtube-ads-cost/