Text, first frame, or Reference
Wan 3.0 appears as two rows in the table. The plain Wan 3.0 row does text-to-video and image-to-video, and image-to-video accepts either a first frame or a first and a last frame. Wan 3.0 Reference takes a set of files, up to 20, and builds a scene from them, which is how you keep the same presenter and the same product across a series of ads. Both rows share the same lengths, resolutions and starting price.
Choose by what you already have. A good product photo and a clear idea of the opening: image-to-video from the first frame. An unboxing or a before-and-after where the ending matters: give it the last frame too, for example a sealed mailer box as the first frame and the linen pillowcases unfolded on a bed as the last, and Wan fills in the motion between. A recurring presenter, several products, a set you want to reuse: Reference. Text-to-video is for ideas you have no images for yet.