“Earned media” is inconsistent and famously difficult to value. Jun Group (www.jungroup.com), the premier social video platform, has recently announced a study that provides simple metrics for valuing earned media – and clear evidence that social video programs consistently deliver earned media results. We have spoken to Mitchell Reichgut, Founder and CEO of Jun Group, who kindly shared some of his experience and thoughts on earned media measurement.
Otilia Otlacan: Earned media is notoriously difficult to quantify and value, even when digital. Why is that?
Mitchell Reichgut: Earned media is an outgrowth of “viral video,” which has always been a hit-driven phenomenon, not a consistent distribution strategy. Brands would be delighted when their video “went viral,” but little effort went into exploring the reasons why a video took off or the value of the results. Social video picks up where the viral dream left off. Essentially, it’s brand advertising that is targeted and shareable. Social video is paid media that drives consistent and significant earned media activity, all of which is measured and reported in real time.
Otilia Otlacan: Jun Group has recently announced a set of metrics to assist marketers in valuing earned media. Can you share with us what made you look so closely into this topic?
Mitchell Reichgut: As our targeting and sharing technology advanced, the earned media portion of our campaigns rose dramatically. Eventually it go to a level where we were consistently delivering things like recipe and coupon downloads, Facebook visits, clicks to brands’ Web sites, tweets, sharing, etc. We never charge for this activity, but our clients were increasingly asking us about its value. That was the genesis of the study.
Otilia Otlacan: Would you say that video content is more or less likely to generate earned media, by comparison to other content formats? Why?
Mitchell Reichgut: Video is far and away the most effective way to generate earned media – it’s visceral, emotional, and it’s easy to share. The biggest and most popular social advertising programs have all been video-centric.
Otilia Otlacan: In your experience, what makes a piece of video content a likely candidate to go viral?
Mitchell Reichgut: The most important thing to understand about “viral video” is that it is not an organic phenomenon. Videos that reach over 1 million users require a mass media component (i.e., AOL, Boing Boing, MSN, etc.). Even homemade videos that rise to prominence don’t do so on a peer-to-peer basis. They come to the broader public’s attention through a feature on one or more mass media outlets. The brand-sponsored videos that reach millions of people are the products of sophisticated and well-funded online media strategies. They may involve PR companies, media partnerships, or distribution firms like Jun Group. Outstanding creative is a critical component, but 48 hours of video are uploaded to YouTube every 60 seconds, and being creative is by no means a guarantee of success.
Otilia Otlacan: Is there anything else you would like to share with us?
Mitchell Reichgut: Advertisers covet earned media for good reason – it’s perhaps the most powerful form of marketing available. We have deconstructed the myths around “viral video” and provided advertisers with reliable and consistent tools for driving these results. To us, it’s one of the most promising trends in online media.
About Mitchell Reichgut
Mitchell Reichgut is founder and CEO of Jun Group (www.jungroup.com), the premier social video platform. The company’s distribution technology delivers millions of monthly opt-in video views across social networks, mobile devices, premium content sites and YouTube. Jun Group distributes videos from 15 seconds to 3 minutes-long with exceptionally high completion rates and significant post-view activity, such as web site visits, coupon downloads, and store locator usage. The company’s analytics dashboard, Voyeur, provides real time data about views, shares, likes, tweets, ratings, comments, and geographic dispersal down to the state and town. Founded in 2005, Jun Group’s clients include Fortune 500 brands, major entertainment companies, and media and creative agencies
Prior to founding Jun Group, Mitchell headed up the New York interactive division of Bates Worldwide Advertising. As General Manager/Creative Director, he helped grow Bates Interactive into a 70-person integrated unit, with clients such as Perrier, Moet & Chandon, and Warner-Lambert.
Earlier, as Creative Director of the New York office of Think New Ideas, Mitchell supervised Web development for clients such as Budweiser, Chrysler, Sony, and Continental Airlines.
A graduate of Boston University’s College of Communications, Mitchell began his career as an Art Director at Grey Advertising where he created print and television advertisements for clients such as Procter & Gamble, Parker Brothers, and Stride Rite.
Mitchell wrote and directed The Scene, a 20-episode online drama that was viewed over 8 million times in 90 countries. He has published two national comic book series, and he recently wrote and produced an online drama entitled Stream, starring Whoopi Goldberg.