Hello!
Phil just flagged this up to me. Great Question. The keyword level targeting for video is no where near as specific as Search advertising. I would say even Display Network keywords have more accuracy (which is saying quite a bit about how horrible the YouTube keyword lists are).
Phil's suggestion is excellent. I would do that in addition to taking these steps:
I would first start with a retargeting campaign with video. You can make the list in Analytics and bring it into AdWords.
Then I would make a target group based on Topic & Interest (topic being the content of the video, and interest being interest of the user). You can always go in and see where your ads are appearing and exclude, like the Display Network.
But, the first half of your question was referring to ROI and tracking. It's tricky. You have to override the system. Here's how:
Step 1. Create a mirrored landing page...a version of an existing page which you can direct all video traffic to with an unique URL. eg www.DOMAIN.com/NewLandingPageStep 2. Tweak the GA code (ONLY on the mirrored landing page) to something like this http://www.youtube.com?utm_source=google&utm_medium=cpc&utm_campaign=VideoAdsFull example below
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-123456789-1']);
_gaq.push(['_setDomainName', 'Domain.com']);
_gaq.push(['_setReferrerOverride','http://www.youtube.com?utm_source=google&utm_medium=cpc&utm_campaign=Video']);
_gaq.push(['_trackPageview']);
(function() {
var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
})();
(no matter how hard I try, this won't format the way I want it to.
I'm sorry that looks so shitty)
Regular video traffic from the GDN should be tracked normally but if not then creating a second page and having a different dummy referrer should be easy enough.
This is the hack that one of our Google Reps provided us. I don't have much information on ROI. I haven't dedicated a great amount of time to it (which is something I need to do and figure out this month).
Hope this has helped!