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AN INTRODUCTION

TO 360° VIDEOS
How to use 360° videos to get the results you
want from Display Advertising

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TABLE OF CONTENTS

Introduction to 360° videos

Debunking the misconceptions

Why 360° video ads are the next big thing


in advertising

Let’s get to the good stuff - what exactly


can 360° videos do for your brand

How you can get started

The first mover advantage

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Chapter 1
INTRODUCTION
Ads are getting ignored sive banner ads because they were being
ignored by their audience anyway.
People’s buying habits have
drastically evolved over the years. Fast forward to 2016, we see a
Glittery banner ads that would force your
new trend in digital
product down the visitor’s throat may have advertising.
worked in the past. Visitors would either Customers of this age expect intuitive and
grudgingly click on an ad, or as was the case entertaining advertisements. It is not too
more often, they would click on it unwit- much of a stretch to say that customers
tingly. now only respond to ads that don’t even
seem like one! As a result, the field
A major drawback that traditional ads had of marketing is constantly evolving.
was that they were not sufficiently engag-
ing. When display advertising made its Could 360° videos be
foray into the world of marketing, many
marketers struggled with deriving results the future of advertising?
from it, despite the magnitude of ad spend. Marketers are constantly bombarded by
Most of them knew only one way of doing new trends, technologies, and strategies.
display advertising and that was to bom-
bard innocent website visitors with aggra- These new concepts make lofty promises:
vating ads. These ads would often lack both
-Help companies stand out from the
context and value. It wasn’t long before
crowd and really impact the consumer
display ads were viewed with great distrust,
and website visitors installed various tools -Help marketers do their job better and
to prevent ads from showing. drive meaningful results, in terms of
growing the brand and creating enough
The world held onto this notion for a while. whir around the company and its products
Marketers started to shy away from asking -And finally, help achieve the ultimate
management to shell out money for intru- goal of driving more sales

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One such technology that is creating major buzz in the
marketing world is Immersive 360° and its partner, Virtual
Reality (VR).

Although it has become a hot trend over the last few years,
VR has been around for a long time now. With some of the
biggest companies in the world harnessing the potential of
VR by pumping billions of dollars into it, this intriguing tech-
nology has been brought to the spotlight like never before.

According to the 2016 virtual reality Why 360° videos?


The excited conversation around this new concept is justifi-
consumer adoption report, consum- able - it is immersive, intuitive, engaging and has the
astounding ability to elicit brain states, emotions and brand
ers feel connected to a brand that recall that no other medium is capable of achieving at this
sponsors VR. point.

● 360° videos are inherently more compelling and fascinat-


ing, especially when compared to the 2D content we’ve been
71% 62% 53% 52% forced to consume for the past few decades.

● It offers marketers the ability to engage and interact with


71% of 62% of the 53% of 52% of their audience like never before, making it a highlighted term
consumers consumers say consumers
consumers
would feel they are more agree that
in the marketer’s dictionary
agree that a
brand engaged with likely to they’d like to
that sponsors a brand that purchase from a be associated ● Marketers around the world will agree that ad engagement
VR is sponsors a brand that with that
forward-think- VR sponsors a VR brand. is currently dismal to say the least. With CTRs (click through
ing and experience. experience. rates) hovering around the zero range, marketers are desper-
modern.
ate for an opportunity to finally see some ad engagement and
a hopeful boost to their CTRs.
Source: http://www.greenlightinsights.com/ ● 360° Videos might finally offer the elixir to banner blind-
ness, a gargantuan challenge for any marketer.

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WORLDWIDE
360° videos offer an exquisite amalgam of technology and
entertainment that appeal to the psyche of the consumer. VIRTUAL REALITY
While we can’t deny that spammy ads still abound, we are
happy to note that businesses now have the opportunity and
the right technology to help them make their brand stand out.
REVENUE BY
We guarantee you that 360° videos are going to cause a revo-
lution in the near future and that’s why we want you in on the
crazy ride.
PRODUCT
What you can expect from this ebook: SUM TOTAL PC,
CONSOLE AND MOBILE
● Debunking myths and preconceived notions around 360°
content

● Show you how your brand can leverage the power of


immersive 360° and VR advertising/marketing
$25B
● Expand your boundaries of your current perception of
these game changing content platforms
$20B
HARDWARE
● Get ready to take your digital campaigns to the next level of
$15B SOFTWARE
ad engagement and position yourself and your brand as
trailblazers.
$10B

So, with that, let’s get started with debunking misconceptions


$5B
of marketing and advertising in immersive 360° and VR today.

2014E 2015E 2016E 2017E 2018E

Source: SuperData Research

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Chapter 2
DEBUNKING THE
MISCONCEPTIONS
Why marketers and The suspected challenge
advertisers are holding back of headset dependency
Truth is, when you ask marketers what 360° A massive advantage that 360° advertising
or VR advertising is, you will get a motley of offers is the opportunity to create content
responses: that will completely immerse your audience.

● 360° advertising is too futuristic of an With 360° content, you are offering your
approach to make business sense today prospects and buyers the ability to look up,
down, left, right, behind, around - essentially,
● 360° & VR marketing are meant to be
anywhere they want and be surrounded by
relegated to event based installations such
content on every side. Virtual reality, as an
as at Comic Con or at gaming arcades.
additional step, requires a VR headset to
You’ve been on the VR roller coaster ride
experience the same or an even more intensi-
too, haven’t you? (pun intended)
fied 360 degree content inside a VR headset.
● 360° marketing is going to completely This dependency on head mounted displays
take over how businesses brand themselves (HMDs) stumps marketers immensely,
and become an all-encompassing approach because VR headsets have not reached critical
to both marketing and advertising mass yet.

● 360° marketing is the same as 360° If this is the reason you are holding back, then
advertising and essentially comprises the you will be happy to know that a headset is
videos you now see on Facebook and not required to experience 360 content!
Youtube.
Let’s delve into why these statements are Immersive 360° content can be enjoyed on
not entirely valid. just about any device - smartphone, tablet or

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desktops without a VR headset. Infact, platforms such as Facebook and Youtube.
millions of people around the world are True, both companies have invested billions
already consuming 360° content on Face- of dollars in 360° and VR technologies, and
book, youtube and other channels. are in fact, leading the way in transforming
360 and VR into consumable content. But,
truth be told, 360° videos found on these
Immersive 360° degree is for platforms do not even remotely do justice
the here and now to the level of engagement they can
360° degree and virtual reality are brim- achieve within a 360° and/or VR advertis-
ming with potential, and assuming that this ing experience using 360° images and
opportunity can only be harnessed in the interactive hotspots. What we currently
future, is erroneous and misleading. The see on Facebook are user generated 360°
current marketing environment is in fact, a videos from technology forward Facebook
great time for advertisers and publishers to users who are quick to show 360° . A few
grab the first-mover advantage, by diving brands have been posting their videos as
headlong into adopting 360° and VR. well, but again, like we said earlier, these
Already, initial studies are showing that barely manage to leverage the level of
brands that have chosen to be tech forward interactivity that 360° videos can offer.
with the usage of 360° & VR are seeing
great results with their consumers. In face, And finally, despite how big Facebook and
starting early can also prove to be an Youtube are, these platforms claim only a
advantage for forward-thinking brands, small part of ad dollars. Advertisers are
giving them better consumer and PR recep- looking to distribute their content across
tion. When the technology starts various other channels, in order to maxi-
to become more mainstream, the world mize their ROI and also make their expendi-
may just become too inundated with 360° ture more cost-effective.
degree content, thereby making it hard for
the brand to stand out. And lastly, Facebook and Youtube present
their own constraints such as, requiring
specific gear in order to view the videos. If
Immersive 360° degree you want to enjoy a 360° video on Face-
is more than Facebook & book, then you will require a Samsung Gear
Youtube or Oculus Headset. Facebook 360° videos
By now, most users have gotten their first are currently not compatible with Google
taste of 360° and VR ads via social media Cardboard, nor can they be viewed on mobile.
Youtube has similar drawbacks as well.

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convert and delight both prospective
Immersive 360° degree buyers and existing customers.
is more than just an event
installation. Brands now have the power to employ
Most people experience 360° and VR at 360°content to create highly personalized
high-powered events such as ComicCon, engagement with their consumers.
Cannes, or the Sundance Film Festival.
Typically, these experiences are crafted It goes without saying that both
with the intention of creating full blown 360° content and VR is here to stay.
effects, and make use of special hardware
such as motion chairs, wind machines, In our next chapter, we will delve into what
vibrating floors and so on, to deliver incred- we expect will be your favorite part of this
ible impact. These events showcase ebook and that is - how you can effectively
high-end experiential 360° and VR movies incorporate 360° and VR ads into your
that are meant to be truly immersive and digital marketing strategy today.
are created for a high-end computing and
VR system, such as the Oculus Rift and
HTC Vive.

While these full-fledged 360° and VR expe-


riences are extremely entertaining in an
almost shocking way, it is not economically
feasible for brands to replicate them for
marketing purposes.

Immersive 360° and VR can be


leveraged right now!
As immersive 360° and VR start to gain
popularity, we expect rapid innovation to
happen. Marketers now have an formidable
weapon in their arsenal to attract, engage,

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Chapter 3
WHY 360° VIDEO
ADS ARE THE
NEXT BIG THING
IN ADVERTISING Watch the
You have just visited the Taj Mahal - the Our life happens in 360
Taj Mahal
seventh wonder of the world - an absolute-
ly magnanimous structure that blew your
mind away. It is a beautiful white marble
degrees
For years now, directors and content
through the
360° lens here
carved to astounding perfection. Obvious- creators have taken only specific sections
ly, you want to capture this moment in its of this massive, rotund world to show us
entirety. So you take out your best DSLR exactly what they want us to see. The limit-
and shoot a shockingly good picture that ed field of view that we get to experience
you are sure to treasure for a long time. does not even sufficiently reflect what
actually happens in reality. Here a few
But, wait a minute. Did your photograph things you should consider:
capture everything you wanted to treasure
from that moment? ● Our natural field of view is around
180-200 degrees. In addition to this, our
Here’s the thing; ability to look up, down and around clearly
We have looked at the world through indicates that the digital images and videos
cropped lens for so long, that we never we see, do not completely capture reality.
really wondered if we were missing some- 360° videos allows for a completely new Did the epiphany that man’s
thing. But, let’s question that sentiment way to interact with consumers by giving perspective of a video captured
them the power to choose what they want
once. world has always been limited,
to see.
just strike you as well?

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● Facebook has already begun employing ● A 360° filmmaker can not determine
360° content in full swing by allowing users exactly where the viewer will choose to
to share their own 360° images and videos. look. Allowing users to look in any direction
Brands can leverage the ease of use that around an environment means that they
Facebook and Youtube offer and incorpo- will be able to form their own opinions
rate 360° video it into their marketing strat- about the footage, rather than being limited
egy. Infact, companies (from various indus- to seeing exactly what the director wants
tries) that have posted 360° videos to Face- them to see through carefully selected
book and YouTube are generating millions frames.
of views. A few prominent examples are
BMW, Oreo, Game of Thrones, Nikon and We predict that discerning marketers and
several others. advertisers will dominate this trend as they
begin to recognize the climactic impact a
<insert a 360 ad of BMW/GOT) 360° degree ad can produce on consumers’
perception of a brand. Say you have been
watching TV on a 60 inch screen with
surround sound, can you imagine going
back to a 21inch?

Once consumers experience 360° degree


content, it is expected that they will seek it
out in every subsequent video that they
watch. As 360° video continues to make
● One challenge that 360° videos over- colossal waves, marketers have to strate-
come quite successfully is that of providing gize how they can integrate 360° content
context. All our videos up till now have into their marketing plan and empower
been lacking this very relevant context. consumers with the freedom to interact,
Instead of having an audience look at an engage and bond with brands like never
image or video with a sense of detachment, before.
brands can now offer consumers the
opportunity to explore as much as they
want and control their perspective, as they
see fit. Giving consumers the chance to
satiate their innate curiosity will become an
indispensable component of engagement
and interactivity.

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Chapter 4
LET’S GET TO THE
GOOD STUFF -
WHAT EXACTLY
CAN 360° VIDEOS
DO FOR YOUR
BRAND?
The possibilities are boundless, when it effective means of getting their message 360° degree and virtual
comes to leveraging 360 degree content across. Marketers also face the annoying reality advertising are
and VR for digital advertising. In this challenge of creating ads that are forcibly
chapter, we will go deeper into how you limited to a tiny space, , bound by charac- A 360° video is
can employ 360° video strategies for your ter limits. 35 times more 35 times more
brand and blend the worlds of advertising, effective than effective than
video games, and 360° and VR technology Enter 360° video ads that grant marketers traditional display traditional
to dramatically heighten your ad experi- the freedom to be limitlessly creative and display with
ence. offer far more ad real estate. Curious to ads.
4.51% CTR to
know how exactly that works?
site
Put a myriad products in your
360° ads allow you to put as many prod-
digital ad space ucts and brand messages in a small ad
Most companies and their marketing Source: https://www.omnivirt.com/
space as you want. Working with spheres,
teams will agree that traditional digital panels and different textures allows you to Another study shows that 51% of people are
advertising doesn’t always get them the leverage the many sensors in your smart-
best ROI. With competition and bidding more likely to buy a product from a brand
phone, helping you create an ad that is
costs increasingly rapidly, it has become compelling, interactive and offers a much
that leverages virtual reality than one that
imperative for advertisers to strategize larger view into your brand and products. doesn’t.
Source: Greenlight

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Blend Storytelling with Video Blend Advertising with 100%
gamified ads
Games and Virtual Reality Storytelling
Video games hold massive potential as a Fortunately, we have come a long way from
storytelling platform and the deep involve- pushy ads that promote a product and its
ment that it prompts in users is similar to features ad nauseam. Strategic buyer traditional ads
the engagement level that VR delivers. persona oriented storytelling offers a way 0%

to overcome ad blindness, abysmal levels of 100%

Video games offer an immersive storytell- ad engagement and click through rates.
ing experience because of their innate Increasingly, advertisers are working hard Gamification is fast catching the imagina-
ability to transport people to other worlds. to create stories around their brand and tion of marketers and decision makers in
They also give the players the ability to products - stories that will resonate with organizations. Studies have proven that
control their own “fate” depending on how their audience on a personal level. gamification is very effective in engaging
they choose to play the game. When you with consumers, influencing their behavior
watch a TV show, you’re merely a spectator. The most effective ad is one that can and earning customer loyalty.
But when you play a video game, you’re an communicate with the consumer on a note
active participant. that they can relate to. And what better way 360°/VR ads are all set to become a potent
to accomplish this than by incorporating platform for application of gamification,
This is very similar to what the world of 360 views into it? 360° and VR technology helping advertisers create an engaging
virtual reality offers as well. When you’re present you the incredible freedom to tell a experience for their consumers and allow-
watching a VR video (or playing a VR video story to your consumer while completely ing brands to ultimately realize the desired
game), you’re not viewing things from far immersing them into the content of the ad, marketing goals.
away, you are a character in the game your- which further forges an emotional connec-
self, engaging and interacting with the tion with the consumer. Once you get going, there are a multitude
environment and other characters. of fun ways you can gamify your 360°/VR
VR underscores the importance of video
360° Degree Content and ad - mazes, puzzles, running games, learn-
ing games - the possibilities are endless!
games as narratives and offers a framework Gamification Combining the entertainment value of a
to create stories that redefine how brands According to a study, gamified ads have a
game with the highly engaging immersive
showcase their products. In fact, the video 6% higher engagement rate than traditional
experience of 360° ads can drastically
game industry has been the first to whole- ads. Gamified ads are so effective that they
transform the ad experience for consumers.
heartedly embrace 360° and VR technolo- can generate CTRs that reach a whopping
gy. Combining storytelling with incredibly 28.8%, which is pretty impressive consider-
high levels of immersion is going to be ing that traditional rich media ads only have
game changing. a CTR of less than 1%.

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Chapter 5
HOW YOU CAN
GET STARTED
What It Takes with a very high production value will incur
Creating 360° videos is obviously a whole higher costs. So, it would be best to
different ball game compared to traditional understand your desired goals and evalu-
video. If you have decided to move ate if making such an investment will
forward with developing a 360° video for deliver the expected ROI for your brand.
your brand, then it is important to be
aware of the hardware required to do so. Out of your budget?
This includes special cameras, special We understand that 360 videos may not
lighting, special editing, sound, and various be in every marketer’s or brand’s budget. If
post production elements. There is also a you’re looking for a more affordable
certain level of vulnerability that you need option, you can choose to use an economi-
to prepare for with 360° videos, because cal but effective 360° camera. Typically,
the viewer is in control of what he/she these offer relatively reasonable quality
chooses to view and is no longer relegated and also provide you with software to aid
to viewing only selected frames. in post production processes.

Consider hiring a professional Brands who are looking for financially


feasible strategies to implement 360° Ultimately, however,
for the best experience degree content for their advertising
If you have the budget to do so, hiring a campaigns can take advantage of 360°
360°/VR video ads do
pro is the most ideal option. Because there images and standard images to create a come at a cost and it will
are so many elements to consider when 360°/VR Ad.
creating a 360° video experience with VR be far more pricey than a
mode, it is recommended that you
delegate the work to someone with traditional video.
experience with the technology. However,
it must be noted that quality comes at a
price. Creating a sophisticated 360 video,

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Is it worth it? Will the benefits outweigh the
costs?
When compared with traditional display advertising, 360°
video ads offer the following advantages:

● Higher CTR

● Substantially higher number of views

● Better engagement

● Lower cost per impression (CPM)

● Branding the company as technology forward

● Making consumers happy! Millennials in particular love


360° degree and VR content

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Chapter 6
THE FIRST MOVER
ADVANTAGE
Over the course of this ebook, we have As 360° content starts to gain rapid
shown you why 360° and VR advertising momentum, it is guaranteed to make an
are rapidly gaining momentum, and why appearance on every marketer’s resume,
you should become a part of this revolu- making it harder to beat competition.
tion. We hope that we have opened your
eyes to the multitude of possibilities that If you are still on the fence about jumping
these two platforms offer, and how you into this new fangled experience, then do
can integrate them into your digital take a moment to consider the following
marketing strategy right now. numbers which clearly demonstrate the
power of VR and 360° content.
● Are you are looking for new and
innovative ways to reach your target As of October 10th, 331,000 videos have
customers? been uploaded in 360º format to Youtube

● Are you looking for techniques that In a study, it was discovered that 360°
will help you drive engagement up to lofty video had a 46% higher view count
heights and help your message stand out compared to the standard video, making it
from the noise of other brands? a more cost-effective buy.

● Do you want to see a dramatic boost Youtube’s trending 360° videos have
in the ROI from your marketing and garnered 4,902,183 views collectively.
advertising efforts?
Uploads of 360° videos continue to grow
Then it just might be time for you to make and have doubled between the months of
a move on 360° technology. Getting April-June this year.
started early will also grant you the
first-mover advantage and help your brand Global search interest for virtual reality on
really stand out among consumers. Google has grown by nearly 4X in the last
year (Google Data, Global, May 2016.)

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Millions of Facebook users watch 360° Look at what others have And finally, do take a look at
videos daily
done! Facebook's astounding 360°
50 mil Google Cardboard enabled apps Now that you are all set to start, we would video of Grand Central Termi-
have launched since Cardboard rolled out 2 like to leave you with a taste of how some
years ago big brands have successfully implemented nal
360° videos. Take a look!
Mobile VR headset sales predicted to hit
BMW: Keep your eyes on Gigi A fun fact about this video:
14.5 mil in 2016
Facebook only had three
VR & AR market revenue forecast is 90-minute windows over the
predicted to hit $120 billion by 2020
course of a few days to shoot
360° video has the incredible potential to this video back in March,
transform the way marketers and advertis- right when Grand Central
ers interact and engage with consumers.
Offering views the opportunity to get in on would close down at 2AM
the action by allowing them to control their before reopening at 5:30AM.
perspective with the simple tilt of a smart-
phone or a click of a mouse, will be a game
changer for forward thinking companies.
Savvy brands that tap into the novelty of McDonald's: Angry Birds 360° Takeover
the technology will rewarded with viewers
not only watching their content, but also
sharing it. As 360° and VR technology
evolves and brands continue to experiment
with how they implement it, we can only
imagine how much stronger its value will
become - for viewers and brands alike.

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