Video will be massive! - but only for the few who use it in the right way. Sadly, many just dont get this and use it in the wrong way - I'll explain.
Youtube is actually a blog - a video blog. It was originally designed for people to make social-type blogs, and still is, but like everything, people jumped on it for commercial promotion, but few can make it work.
Case in point - take a look at the top youtube users - they are kids, teenagers with silly videos of themselves 'following them over a week' - talking crap, acting silly, play fighting with pretend weapons like their Starsky & Hutch or Dirk Diggler - its insane. Youtube has got better, with vids professionally mixed, edited - but the channel is still far too social/personal for biz use.
IF you look at the vids that went viral - their huge, mostly personal about some kid who made it big doing something - NOT about the average biz.
Like all big stories, the video must have something very special about it to go viral or land on a half decent website as a result. The latest video to go viral wasn't some average business, it was by
Rebecca Black for her music hit 'Friday' - it had 29 million views , except this was mostly from people SLATING her, NOT all rushing to buy what she has. I admit, she has guts doing what she did, and bcos of her age, probably thinks its cool and that she's talented, but everyone thinks their a star on youtube dont they, and this is the whole point of Youtube, hense the name - YOUtube
Now, there are some very good videos on Youtube, no doubt, some great jobs - but honestly, for this to work for business, the biz needs to be a very cool idea itself for any viral effect - its like how all news works - well, you wont get into the press if you act like a nutter!!!! They wouldn't touch your business with a barge pole - but they will if the story/video is a personal one by some kid.
Reasons why some videos sell:
1. Sexual content eg: Eric Prydz - Call On Me
15,092,662
http://www.youtube.com/watch?v=L_fCqg92qks
2. Teenagers eg: Wii Fit Girl
10,584,832
http://www.youtube.com/watch?v=v31qxrXsxv0
3. Unusual/Unexpected content -- Rebecca Black - "Friday"
42,586,620
thee above have a few things in common -
Youth and Sex or plain old crazyiness - things that are very unexpected - not some ordinary boring business blog ok.
Mind you saying that, one of my 'naff' videos made it onto a huge News portal, but that's bcos of my ideas - not bcos I sing and dance in tight fitting costumes or attempt to break boards with my head. I could demonstrate my martial arts training without breaking boards, and I actually do know what I'm doing, unlike some youtubers.
http://www.youtube.com/watch?v=HB4BQDbGQ38
Youtube and the web works well for crazy ideas or really useful ideas.
The newsworthy stuff gets attention - the boring stuff doesn't, so your average biz vid blog/personal video wont go viral. It must be special and biz blogs are perhaps too professional looking to catch attention on Youtube, its too much of a personal video website.