Andrew Goodwin identifies 5 key aspects of music videos that should be analyzed: 1) Thought beats - how the visuals represent the sound and structure of the song. 2) Narrative and performance - how the story and artist's performance engage the audience and increase authenticity. 3) Star image - how the video develops the artist's persona over multiple videos. 4) Relation of visuals to song - how the visuals illustrate, repeat, or ignore the lyrics and genre. 5) Technical aspects - how camera work, editing, lighting, and effects enhance the mood and emphasize moments in the song.