Of course the biggest issue on everyone’s mind is the global
economy. At Qoof we are also keeping a very close eye on what is going on in
the markets and we have made some internal changes based on the current
climate.
That being said, we are very optimistic about our future and
continued growth. In challenging market times merchants and retailers look for
ways to increase sales without major investments or risk. Qoof’s fully loaded
video commerce solution is both economical, low risk, and is built to do one
thing. Increase sales utilizing the power of video.
Over the last couple of weeks we have read many articles on
online advertising in todays economy and how video may be the perfect solution.
We couldn’t agree more! Below is an article we saw on ClicZ.com written by Todd
Krieger.
World markets are collapsing, so why should digital marketers smile?
Because this is the time to make your mark.
Forget for a second the abject terror we greet each day with right
now. Forget the phenomenal amount of column inches devoted to making
this current spate of horrific economic news the equivalent of
"Nightmare on Elm Street" meets "Halloween" meets "Friday the 13th."
Forget all that. In an economic crises, there's a move to value.
Witness Warren Buffet, often hailed as the world's greatest investor,
not tucking his money under a mattress but investing in the bluest of
blue chips -- General Electric and Goldman Sachs.
Now, more than ever, is the time to truly present the value of
working in online video to our respective clients. As a friend of mine
said the other night, TV is essentially a marketplace where advertisers
spend money on content people may or may not be watching. While the
numbers can be huge -- and all the more so when the DVR audience is
included -- it's still unclear if ads are being watched or skipped and
whether the audience is actually being reached.
Yet when it comes to online, nothing could be further from the
truth. To watch video online, you must find it, select it, and quite
possibly interact in some way for the stream to continue. This very
high level of activity demonstrates just how valuable the audience is
and how, despite the gloom and doom surrounding all things commerce
these days, there's no better time to dig deep and articulate the value
of the work we're all collectively doing.
Just as the writer's strike begat a spike in online video creation
and consumption, so too will this seismic economic shift. It's
necessary to keep budgets small, as there's no credit out there to
leverage for a massive production. And online video is by definition
small.
Moreover, as everybody on Wall Street and in Washington, DC, point
fingers to figure out who takes the blame in a Keystone Kops fashion,
the word "accountability" surfaces time and again. Another key strength
of our market.
Sure, you can look for the nearest bridge to hurl yourself off of,
as you consider the crater that was your 401(k) account and think that
none of this will work. But nothing could be further from the truth.
For in chaotic times such as these, a clear message of value -- well
articulated and accountable -- will help marketers not only survive but
quite possibly thrive.
Qoof, the Video Commerce company, makes it to the top 9 in the Under the Radar challenge on VenCorps.
The Under the Radar Challenge, hosted by Dealmaker Media, features the
top 9 startups competing for an initial $50,000 investment. The winner
will be empowered to grow and build their company.
We are up against 8 other pretty interesting companies, but we have our army boots on!
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