Connect with us

SOCIAL

YouTube Outlines Key Areas of Growth, Including the Rise of Shorts and its Expanding Creator Economy

Published

on

YouTube Outlines Key Areas of Growth, Including the Rise of Shorts and its Expanding Creator Economy

While TikTok continues to rise, and other platforms eat into the digital video market, YouTube remains the overall leader in the space. And based on its current strategic planning and growth, it looks set to stay that way for some time to come.

Today, YouTube CEO Susan Wojcicki has shared an overview of the platform’s key areas of focus for 2022, and where it sees new opportunities, which points to some interesting developments in the platform’s roadmap, and for online video more broadly.

Key elements of focus for YouTube include Shorts, its TikTok-like short video platform, which YouTube reports has now hit 5 trillion all-time views, underlining the potential of the format.

TikTok has become a key focus for YouTube, as it seeks to maintain its position as the online video leader. And while YouTube clearly remains the key app for longer content, TikTok’s burgeoning audience does pose a threat to its ongoing growth.

Advertisement

Which is why Wojcicki is also keen to highlight another key element:

“The number of channels around the world making more than $10,000 a year is up 40% year over year [while] YouTube’s creative ecosystem supported more than 800,000 jobs in 2020.”

There is a lot more potential for creators to make a lot more money on YouTube, as opposed to TikTok, which YouTube star Hank Green recently highlighted in a new video clip, in which he called on TikTok creators to band together to request a bigger slice of the platform’s growing revenue pie.

That call is already seeing some traction among high-profile users, and eventually, that could help to solidify YouTube’s position as the place to be for creators to monetize.

Which is a key benefit that Wojcicki wants to highlight:

Now there are 10 ways for creators to make money on YouTube. Last year, YouTube Channel Memberships and paid digital goods were purchased or renewed more than 110 million times.

Advertisement

That last point is also important – amid the ongoing rise of digital goods, and in particular NFTs, there are new opportunities for platforms to lean into the trend, and provide more ways to users to showcase their digital item purchases.

Twitter launched its NFT profile display option last week, and Instagram and Reddit are working on their own variations of the same.

YouTube is also exploring its NFT options:

“The past year in the world of crypto, nonfungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans. We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.

How that would work, it’s hard to say, but it seems that NFTs, whether you like them or not, are set to become a bigger element in the broader social media sphere.

Wojcicki also addressed the controversy around YouTube’s decision to remove dislike counts on clips, which has been widely criticized in some circles.

Advertisement

“We saw the dislike count harming parts of our ecosystem through dislike attacks as people actively worked to drive up the number of dislikes on a creator’s videos. These attacks often targeted smaller creators and those just getting started. We want every creator to feel they can express themselves without harassment. So we experimented with removing the dislike count across millions of videos over many months. Every way we looked at it, we did not see a meaningful difference in viewership, regardless of whether or not there was a public dislike count. And importantly, it reduced dislike attacks.

So while some users may find the removal annoying, and may want dislikes back, Wojcicki says that the overall impact has been overwhelmingly positive, so it’s unlikely to reverse course on its decision, at least at this stage.

Wojcicki also outlined evolving system developments, including advances in user safety tools and creator reporting functions, and the platform’s ongoing efforts to work with governments on new regulatory proposals, including the Digital Services Act (DSA) and Article 17 in the EU.

It’s a solid update, which underlines YouTube’s enduring strength, as it solidifies market share and becomes an even bigger connective element for users, through various means.

And YouTube clearly is in a strong position, even as potential rivals gain traction. Yes, TikTok is the app of the moment, while Facebook may have more overall users. But YouTube’s established frameworks and creator partnerships look set to keep it in the top spot for online video for some time to come.

There’s a reason why YouTube recently shut down its Originals initiative in order to put more focus on creator funding. And that could reap big benefits for the platform throughout the coming year.

Advertisement

You can read Susan Wojcicki’s full overview for YouTube in 2022 here.




Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

SOCIAL

Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?

Published

on

By

Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?

In a recent announcement, Snapchat revealed a groundbreaking update that challenges its traditional design ethos. The platform is experimenting with an option that allows users to defy the 24-hour auto-delete rule, a feature synonymous with Snapchat’s ephemeral messaging model.

The proposed change aims to introduce a “Never delete” option in messaging retention settings, aligning Snapchat more closely with conventional messaging apps. While this move may blur Snapchat’s distinctive selling point, Snap appears convinced of its necessity.

According to Snap, the decision stems from user feedback and a commitment to innovation based on user needs. The company aims to provide greater flexibility and control over conversations, catering to the preferences of its community.

Currently undergoing trials in select markets, the new feature empowers users to adjust retention settings on a conversation-by-conversation basis. Flexibility remains paramount, with participants able to modify settings within chats and receive in-chat notifications to ensure transparency.

Snapchat underscores that the default auto-delete feature will persist, reinforcing its design philosophy centered on ephemerality. However, with the app gaining traction as a primary messaging platform, the option offers users a means to preserve longer chat histories.

The update marks a pivotal moment for Snapchat, renowned for its disappearing message premise, especially popular among younger demographics. Retaining this focus has been pivotal to Snapchat’s identity, but the shift suggests a broader strategy aimed at diversifying its user base.

Advertisement

This strategy may appeal particularly to older demographics, potentially extending Snapchat’s relevance as users age. By emulating features of conventional messaging platforms, Snapchat seeks to enhance its appeal and broaden its reach.

Yet, the introduction of message retention poses questions about Snapchat’s uniqueness. While addressing user demands, the risk of diluting Snapchat’s distinctiveness looms large.

As Snapchat ventures into uncharted territory, the outcome of this experiment remains uncertain. Will message retention propel Snapchat to new heights, or will it compromise the platform’s uniqueness?

Only time will tell.

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

Catering to specific audience boosts your business, says accountant turned coach

Published

on

Catering to specific audience boosts your business, says accountant turned coach

While it is tempting to try to appeal to a broad audience, the founder of alcohol-free coaching service Just the Tonic, Sandra Parker, believes the best thing you can do for your business is focus on your niche. Here’s how she did just that.

When running a business, reaching out to as many clients as possible can be tempting. But it also risks making your marketing “too generic,” warns Sandra Parker, the founder of Just The Tonic Coaching.

“From the very start of my business, I knew exactly who I could help and who I couldn’t,” Parker told My Biggest Lessons.

Parker struggled with alcohol dependence as a young professional. Today, her business targets high-achieving individuals who face challenges similar to those she had early in her career.

“I understand their frustrations, I understand their fears, and I understand their coping mechanisms and the stories they’re telling themselves,” Parker said. “Because of that, I’m able to market very effectively, to speak in a language that they understand, and am able to reach them.” 

“I believe that it’s really important that you know exactly who your customer or your client is, and you target them, and you resist the temptation to make your marketing too generic to try and reach everyone,” she explained.

Advertisement



“If you speak specifically to your target clients, you will reach them, and I believe that’s the way that you’re going to be more successful.

Watch the video for more of Sandra Parker’s biggest lessons.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

Instagram Tests Live-Stream Games to Enhance Engagement

Published

on

Instagram Tests Live-Stream Games to Enhance Engagement

Instagram’s testing out some new options to help spice up your live-streams in the app, with some live broadcasters now able to select a game that they can play with viewers in-stream.

As you can see in these example screens, posted by Ahmed Ghanem, some creators now have the option to play either “This or That”, a question and answer prompt that you can share with your viewers, or “Trivia”, to generate more engagement within your IG live-streams.

That could be a simple way to spark more conversation and interaction, which could then lead into further engagement opportunities from your live audience.

Meta’s been exploring more ways to make live-streaming a bigger consideration for IG creators, with a view to live-streams potentially catching on with more users.

That includes the gradual expansion of its “Stars” live-stream donation program, giving more creators in more regions a means to accept donations from live-stream viewers, while back in December, Instagram also added some new options to make it easier to go live using third-party tools via desktop PCs.

Live streaming has been a major shift in China, where shopping live-streams, in particular, have led to massive opportunities for streaming platforms. They haven’t caught on in the same way in Western regions, but as TikTok and YouTube look to push live-stream adoption, there is still a chance that they will become a much bigger element in future.

Advertisement



Which is why IG is also trying to stay in touch, and add more ways for its creators to engage via streams. Live-stream games is another element within this, which could make this a better community-building, and potentially sales-driving option.

We’ve asked Instagram for more information on this test, and we’ll update this post if/when we hear back.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS