DISQUS

Jim Kukral: How YouTube Is Missing Out On $1.2 Billion A Year By Not Having A Business Channel

  • jamesoclark · 1 year ago
    Jim, I couldn't agree more.

    There is a huge opportunity with this and you're right companies would pay the $100 per month. We've got three clients right now regularly publishing video content that we full on agree to be on a platform like YouTube Business. But right now, we're in the position of hosting the videos ourselves and building our own branded flash players - costing far more than the $100 per month.

    Creating a platform that business don't have to worry about their message being mixed with the UGC crap, having the ability to create private communities, and long-form video. The clients I mentioned have content this is valuable but it is best in a long-form format.

    Great insights - it's one of those What The Heck, I Can't Believe This Doesn't Exist moments.
  • Jim Kukral TheBizWebCoach · 1 year ago
    Exactly. And how hard is it right now for a "regular" non-tech business to figure out how to build a flash player, and embed in their website, etc... It's a lot.

    I agree. I can't believe Youtube doesn't have this yet. I wish they'd call me so I could build it for them.
  • jamesoclark · 1 year ago
    I think using Google Video as the platform is the way to go. The other advantage is that embedded YouTube videos can be viewed in RSS readers such as Google Reader.
  • Alex -S- · 1 year ago
    A lot of valid points there. But - i think youtube should just stay youtube, full of amatuer videos etc. google's first prob is the youtube vs google video thing.

    Maybe they do a revamp of Google video and make it more business oriented - if i'm looking for something i can learn from i tend to search there anyway as it is less polluted. Plus i like that Google Video offers the option to openly offer the video as a download to the end user in many cases - that could be a seller too. Instead of 3rd party ripping it from the site, which many people do with YT - be open and say "hey - like this video - it's yours to watch again and again and show to your friends on your iphone"

    I think as you say there's a huge market potential for business video - maybe youtube isnt the platform for it is all i'm saying. When it comes to performance and user interface - theres a lot better (allbeit smaller) companies out there - i personally like Vimeo, that could work a lot better IMHO

    Even if there was a separate youtube business - i'm sure there'd be some sort of "bleed" between the two. And i bet "the kids" would try and post their dance videos into youtube business just to be funny. :) From what i've seen so far - just keeping copyright infringement off their site seems impossible - so imagine how much time the big G would have to spend moving/deleting content posted in the wrong "area" of youtube - sheesh :)

    The type of revamp/ rebrand youtube business would take - it would be almost cheaper taking the same code and rebuilding a whole new platform. Offer options like custom players on a per company basis (Someone does that allready i think - i forget who).

    There's def a lot of great ideas here and the potential is huge - just not feeling the youtube aspect of it.
  • Jim Kukral · 1 year ago
    Thanks for commenting. The problem with Vimeo and all the rest is they don't offer those list of features I mentioned that are very important to a business moving forward. Maybe they will in the future. Not sure why Youtube would want to let a competitor move up and take this piece of the pie though.

    As for kids putting their skateboarding videos on YT business. Um, nope. Nobody except a real business is going to shell out $100/month. Especially some kid.

    The potential is huge, isn't it?
  • Shawn Collins · 1 year ago
    I think your math is a little whacked - I don't see that many people paying for it.

    But I applaud your Jerry Maguire-esque manifesto.

    Who is going to be your Bob Sugar?
  • Jim Kukral TheBizWebCoach · 1 year ago
    If you can agree that having videos as part of your website is something that every business MUST have in the future, then you have to see that millions of businesses will need this, and will pay for it.
  • Shawn Collins · 1 year ago
    I think every business should consider producing quality video, and that a minority will do it.

    Unless something changes, it's too difficult and expensive to create video that would be at a caliber that companies with the budget for a paid YouTube account would want to upload.
  • Jim Kukral TheBizWebCoach · 1 year ago
    I think more strongly than you. Video is a huge part of the future of mobile, search, website communication, etc... Things are already changing, you can get low-cost videos done that are pretty good nowadays, and the tools are getting better by the month.

    Plus... the whole universal search integration is key to this. What business wouldn't pay for the "opportunity" to be included in the universal search results? You'd have to pay.
  • Shawn Collins · 1 year ago
    I agree on the opportunity that shouldn't be passed by companies, but I don't think there will be such a surge from the companies unless there is a really sexy and influential case study about it.
  • James-DigitalKeyTo.info · 1 year ago
    I'm not sure 1.2 billion is enough to interest Google.
    However, for some enterprising web entrepreneur, it will be their billion dollar company. I agree that a business video site is something many businesses (especially small businesses) would be interested in. There are many ways small businesses could use video to enhance their websites or increase their businesses.
    I just do not think Google is going to care-have they ever listened? Why try to get them interested when they aren't. I think they would rather sell you TV advertising or radio advertising through AdWords.
    I think we are missing the opportunity ourselves here.
  • Mike1115 · 1 year ago
    Well Google needs to figure out how to make Youtube profitable. Even though Google spends money left and right, they will want a good ROI especially in a down market. If they don't, Youtube might end up one of those stories of the second tech bubble, sold for a ton and never made a buck. Also, Jim has a very good point about integration and the universal search. Youtube videos will rank higher than another business video host company.
  • Jim Kukral TheBizWebCoach · 1 year ago
    Mike, some argue, like Sam H., that Youtube wasn't bought to be profitable. But I disagree. I think they just haven't figured it out yet. My plan gives them a solid way to do it and doesn't mess with their user videos or publisher model.
  • Sam Harrelson · 1 year ago
    My argument against this hairbrained idea of yours is that Google didn't buy YouTube in hopes of ever directly monetizing it. Sure, they want it to be "profitable" in the same way that GMail, GDocs, etc are profitable... long term, high quality advertising.

    As someone above said, this would be a great idea for a startup, but not for Google.
  • Jim Kukral TheBizWebCoach · 1 year ago
    That's just dumb. We can make money with a good idea, but let's not do it because our intent when we bought this was to not make money. Go tell that to a room full of shareholders. Fail.
  • Sam Harrelson · 1 year ago
    Not when they can make much more money down the road.
  • Jim Kukral TheBizWebCoach · 1 year ago
    Well, yes, anyone besides Google could do this. Google holds the key though of "universal search". With that carrot, you "HAVE" to pay them. You wouldn't have a choice.

    And 1.2 Billion/year isn't enough to interest them? Um... tell that to the shareholders and I bet they disagree.
  • jonaande · 1 year ago
    More corporations need to be looking at professional-quality videos as an avenue to court potential customers because it is a viable way to increase traffic and potentially your sales. Just look at the success BMW is having with their viral video for the 1 Series - it even jumped to mainstream media. However, I'm not convinced I would want to put that content on a third-party site - instead I would want viewers to come to my site to see it. Then I have them there, I can engage them and hopefully I can begin a relationship with them with the ultimate goal of having them come back on a regular basis.
  • Jim Kukral TheBizWebCoach · 1 year ago
    You've missed a key feature. Youtube hosts it for me. I pay them and they give me the ability to put a non-branded nice looking flash player with my video on my own website. So I get the website benefit, and the youtube benefit.

    You're right, web video should be on your site first for businesses.
  • jonaande · 1 year ago
    I understand You Tube is hosting the content and you can then take the video and throw it on your own site, and for a small company it would definitely work - I've actually done something similar, but with blip.tv because youtube's quality wasn't quite there. However, I'm still not sold on it for a mid-sized to larger company that can put video on their site, especially when I think it is going to become easier to do in the future.

    I guess I'm struggling with how I can incorporate having strictly corporate videos on youtube into a broader strategy - and there may not be a way to do so, it might simply be an easy way to host the video.

    You've got me thinking.
  • Jim Kukral TheBizWebCoach · 1 year ago
    The issue with Blip is that they don't want your business content. Anything with a call to action that isn't a "show" will or can be removed and account deleted at any moment without notice. So it's not a solution for businesses.

    Adding video to your site in the future will be as easy as adding a blog is today. Get my point? Millions of businesses still can't figure that out. Video is tougher.

    Keep thinking!!! I will to.
  • Go Public · 1 year ago
    I'm just find your blog. Amazing article, and on certain points you are obviously right. I do not even complain, while you listed all of the important issues and concerns. My opinion is that there need to be a separate section for all of the business related videos, and then the party can be started.
  • Ash · 1 year ago
    its 6b/yr, not 600b/yr, just a typo there jim
  • Jim Kukral TheBizWebCoach · 1 year ago
    Where do I say 600 billion?
  • John Farina · 1 year ago
    Alot of money to be made here to say the least.
  • ji · 1 year ago
    cause google IS the business!
    google is the world!
    there is only google!
  • Jimm Fox · 1 year ago
    I go to youtube to watch the viral video de jour and to be entertained. Why would I go to Biztube?...

    Intersting idea. You are suggesting that google become both a content delivery network (many exist and many, many more will spring up in the next few years) and a video content aggregator for all business video.

    Google as a business video CDN - like almost every new business on the web - Google, Microsoft, Apple and everyone else with huge capital reserves has to decide what business they are in... and stick to their knitting. I could imagine a hundred impationed articles -just like this one - defining yet another multi billion dollar opportunity that Google is ignoring. I agree that this idea is closer to their core advertising model than most, but I'm not convinced this is the right move for them.

    Google as a Business Video Content Aggregator. Google owns search already - so this is not a pressing business issue for them. The reason the VC's in silicon valley haven't invested millions into this business idea is that no one wants to compete directly with Google. (Are you going to go to Google to look for business information or are you going to go to Biztube and do a search for a video related to your query?)

    How important would this new site / portal / tool be. Video is just a media type (getting lots of hype)Why is there no company brochure portal, or product brochure portal? Yes - video is going to become a very importan marketing tool for all companies (lot's of it will be crap - just like websites were 10 years ago and still are today) but video is just another media type used for marketing. Am I going to a site/portal to look for business videos or am I going to the web to look for something to solve my busness problem- video or otherwise. Just like companies today make the mistake of putting all of their video's together under a 'videos' link (like they assume that people are actually looking for 'videos' ) on their websites, putting a whack of disparate business videos together on a video portal (just because they are the same media type) won't necessarily help people get answers to their business problems.

    Yes, Google could easily become a CDN and compete with Akamai and the many other CDN players who also charge a fee to host content, but they could just as easily do something else with their billions.
  • Jim McCusker · 1 year ago
    Jim - Have you looked at Ooyala yet? They are ex-Googler's creating the platform you seem to be describing. I don't think their TOS limits your content the way YouTube or Blip does.
  • Jim Kukral TheBizWebCoach · 1 year ago
    I am checking it out now, thanks!
  • MajaCrictic · 1 year ago
    That’s $1200/year, times 5,000,000 accounts = $600 BILLION/year. <<<< Quick change it to $6 BILLION/year before more people realise!!!
    =P
  • Rich · 1 year ago
    Yeah, Fliqz.com does this.