Online Video eCommerce is quickly ramping to become a very real and easy option for revenue generation in online video. London based Invideous, parent company Swiffen founded in 2008, recently closed a six-figure round of funding and is announcing an impressive customer list starting with Brightcove and Long Tail Video (Bits On The Run). The service offers publishers the option to charge per view for content via micropayments built directly into the video player which, according to Invideous, takes only 10 minutes to integrate. They offer subscription or pay per view via credit card or SMS with clear and easy to use menus (screen caps below). According to Jack Thorogood, co-founder and Commercial Director, larger publishers can co-brand within the video with a favicon, or logo. And they are also set to roll out two new customers at the end of the month, Kaltura and VMIX.
The Invideous service is very stratighforward which may encourage further adoption of the pay for play model but there have been others in the past that have tried with lackluster results including YouTube, and http://www.vidcompare.com/video-provider-detail.php?id=19although not entirely the same solutions. For example, YouTube tried a pay per download model charging a “personal license fee” and Ooyala’s offering is available in their Backlot allowing viewers to pay for a limited number of shows via an Ooyala branded PayPal account.
There are other interesting OV eComm solutions out there like SundaySky who offer eCommerce websites a service that will take images and product information and mash them into a product video that will dynamically update as the product does. So if specs on a particular camera change, so will the SundaySky video that is associated with it. Pretty slick.
As these services emerge making the monetization of online video easier we are still years out from a unified, standard, and widely accepted means by which to generate revenue from video. Until then, keep monetizing your highly valuable and already monetized web pages with video by syndicating your videos driving traffic back to your site, increasing engagement, and extending reach.
