podcast marketing

Unlocking the Potential of Podcast Marketing 

podcast marketing

Podcasts have emerged as a cultural phenomenon in recent years, with rapid growth year on year. With listenership estimated to cross 500 million by 2024 1 and predicted market volume of $5.03 billion by 2027, Podcasts are a gold mine with massive marketing potential.

 

In this article we break down everything you need to know about Podcast Marketing, and how you can tap into this powerhouse channel and transform your marketing strategy.

 

What is Podcast Marketing?

 

Podcast marketing or Podcast Influencer Marketing involves collaborating with a podcast host to include a positive mention of your product, service, or brand in episodes of their podcast show.

 

While the general premise is the same as Influencer Marketing on other platforms, creating an effective Podcast Marketing strategy involves considering formats, placement, targeting, monitoring, tracking, and attribution.

So what are the Types of Ads in Podcast Marketing? Ads in Podcast marketing can be differentiated based on their placement, creative production, and lifetime. Let’s break down the various options :

  1. Pre-roll Ads: These are short ads that play at the beginning of a podcast episode. They typically last between 15 to 30 seconds. While good for reaching engaged listeners, these ads are more prone to being skipped.
  2. Mid-roll Ads: These ads are inserted in the middle of a podcast episode, usually between natural breaks or at specific timestamps. They tend to be longer, ranging from 60 to 90 seconds, allowing for more detailed messaging.These tend to be the most sought after placements because they reach listeners in highly immersed states, when they are likely already engaged in another task simultaneously. This makes it less likely that they will disrupt this other task to skip the ad 2, thus resulting in better ad reach and effectiveness!
  3. Post-roll Ads: Placed at the end of an episode, post-roll ads are brief and can serve as a call-to-action, encouraging listeners to take immediate steps after they’ve finished listening. These ads slots tend to be cheaper since there is a likelihood that listeners, having gotten the maximum value out of the main content of the show, may switch off before the ad is played.
  4. Host-Read Ads: Host-read ads are endorsements delivered by the podcast host themselves. Listeners often find these endorsements more trustworthy and authentic, as they come from a familiar voice they trust.
  5. Programmatic Ads: These ads are recorded and produced by the brand itself, typically featuring a voice actor and set script, and simply placed within the final podcast audio in post production. The same ad typically features across all shows chosen for activation in a campaign.

This allows brands more creative control over the ad and can save time in approvals processes. But these ads miss out on the opportunity that host-read ads provide in personalising creatives to specific niche audiences and enhancing trust and identification with the brand by having hosts serve as spokespersons for the brand message.

  1. Baked-In Ads: Integrated directly into podcast episodes during recording, baked-in ads remain unchanged over time, ensuring authenticity and lasting exposure but lack flexibility for updates or changes.
  2. Dynamic Ads: Inserted at the time of delivery to listeners, dynamic ads offer flexibility by allowing updates or swaps based on context, demographics, or geographical targeting, enabling better tracking and relevance.
  3. Programmatic Dynamic Ads: Utilising real-time auctions and automated buying, programmatic dynamic ads offer efficiency and advanced targeting, leveraging data-driven algorithms for precise audience segmentation and ad placements in podcasts.
 

While navigating these varying ad types can be challenging, working with a podcast marketing agency can help you analyse industry and competitor trends and establish a podcast marketing strategy that is optimised for your specific product and brand.

 

See how Media Bodies’ Podcast Marketing Services helped deliver positive ROI for a leading casual mobile gaming brand.

 

What are the Opportunities in Podcast Marketing?

Growing listenership 

Podcasts are no longer a niche medium. With over 450 million listeners worldwide 3 and over 5 million titles 4 across topics like Comedy, News, Politics, Sports, True Crime, Film and TV, Education, Business, White and Blue Collar Trades, amongst others, there is now something for everyone. This makes Podcast Marketing a fantastic, novel platform for brands across various industries to reach their audiences.

Engaged, High Value Audiences 

Podcast marketing operates on the same consumer psychology principles as Influencer Marketing on any other platform. It relies on the host’s image and reputation amongst their listeners as a trustworthy, credible, and likeable source of information and recommendations.

But Podcast influencer Marketing indicates significant potential in producing positive ROI due to highly engaged podcast audiences and significant host authority. Podcast hosts are reportedly viewed as 64% more trustworthy than other influencers, while 48% of UK listeners claim to trust Podcast hosts more than hosts of other traditional media 5 .
Acast 6 explains how the nature in which podcasts are consumed creates a stronger parasocial relationship with the podcast hosts, making Podcast influencer marketing a powerful channel to influence purchase behaviour. Listening to podcasts when wearing headphones creates an auditory bubble which amplifies the intimacy of the environment, leaving listeners highly engaged, attentive, and perceptive to podcast ads.

Listenership amongst 82.4% of dedicated podcast fans reportedly exceeds 7 hours per week 7, and 95% of these frequent listeners have reportedly actually taken action 8 after hearing an ad!

41% of US podcast listeners also have a household income of over $75,000 9, further highlighting podcast marketing’s potential in reaching and converting the right audiences groups.

Consumers are More Accepting of Podcast Ads 

 

Consumer cynicism and ad avoidance are at an all time high, with over 40% of US consumers alone using ad blockers 10. While Podcast Advertisements are not vulnerable to these ad blockers, skipping past ads is still an option.

 

Fortunately for marketers though, Podcast listeners actually seem to have a largely positive response to Podcast Ads! Edison Research recorded 34% listeners rarely or never skip ads, while 33% skip ads only some of the time 11 ! ‘Ad Avoiders’ also showed 22% higher engagement on podcast ads 12, suggesting podcasts could be a valuable tool to get through to these audiences.

 

ARN Neurolab also reported consumers find podcast advertising to be 30% more trustworthy 13 than advertising across social media, with these ads also enhancing the uplift from 83% of other social media campaigns!

 

Niche Targeting & Impression Tracking and Attribution 

 

Podcasts offer the creative, branding, and psychological benefits of influencer marketing campaigns to be used in tandem with the performance and tracking benefits of other digital channels.

 

Podcast Marketing campaigns can target specific niches based on demographics, content verticals, geographies, and other segments. Pixel and TAG based tracking and podcast-specific attribution tools 14 allow click-free tracking solutions that verify that purchased impressions are delivered, and to the selected audience niches.

 

They also provide access to audience and device data alongside performance metrics like reach, engagement, conversions, brand lift, and ROI.

 

Live Optimisation

 

Advertisement slots purchased at a publisher level also allow the flexibility to optimise campaign spends in real-time 15. Real-time dashboards show real-time campaign performance, with hourly, daily, and monthly performance data. This allows marketers to identify best and worst performing shows and transfer spend from a lower-performing show to another higher performing show for the remainder of the campaign period.

 

Live Optimisation in Podcast Marketing also helps ensure ads are going live at the right frequencies, reaching the right geographies, and are accurately placed, amongst others.

How to Use Podcasts for Marketing

 

A Podcast Marketing Strategy, like any other channel strategy, should be informed by data. But unlike other platforms, Podcast Influencer Marketing is still in early stages of adoption. This means most internal databases and common third party influencer marketing platform tools lack sufficient information and data for this channel. 

 

Here is where working with a Podcast Marketing Agency can be valuable. Podcast Marketing Agencies have well nurtured networks and access to advanced data analytics and tools which may otherwise be inaccessible or unaffordable for internal teams. 

 

This allows these agencies to offer podcast marketing services that can handle the majority of the leg-work in the planning, negotiation, execution, monitoring, and analysis of podcast marketing campaigns at a fraction of the time and cost as an internal team. 

 

From critical competitor data like spend, placement, and frequency- to show information like Renewal Rates and Direct Response rates which indicate a host’s effectiveness in delivering a call to action; Podcast Marketing Agencies are able to view, analyse and optimise Podcast Marketing strategy to the highest degree.

Like other sponsored content, the key to podcast marketing is crafting content that seamlessly integrates with the podcast’s tone and audience interests. Podcast Marketing Agencies can also streamline this avenue of creative optimisation.

 

Want an exclusive look at the advanced analytics tools Podcast Marketing Agencies can provide? Request our podcast marketing services deck here

Frequently Asked Questions (FAQs) about Podcast Marketing

Podcast marketing involves collaborating with podcast hosts to include positive mentions of your product, service, or brand in their episodes. It’s similar to influencer marketing but tailored to the unique format of podcasts.

The type of ads in Podcast Marketing are:

  1. Pre-roll Ads: Played at the beginning of episodes (15-30 seconds).
  2. Mid-roll Ads: Inserted in the middle of episodes (60-90 seconds).
  3. Post-roll Ads: Placed at the end of episodes.
  4. Host-Read Ads: Endorsements by the podcast host.
  5. Programmatic Ads: Produced by the brand and inserted during post-production.
  6. Baked-In Ads: Integrated directly into episodes during recording.
  7. Dynamic Ads: Inserted at the time of delivery to listeners.
  8. Programmatic Dynamic Ads: Real-time auctions and automated buying are utilised for precise targeting.

Mid-roll ads tend to be the most sought after because they reach listeners who are already engaged in the content and less likely to skip the ads, leading to better reach and effectiveness.

Host-read ads are seen as more trustworthy and authentic because they come from a familiar and credible voice, increasing the likelihood of audience engagement and action.

Dynamic ads offer flexibility by allowing updates or swaps based on context, demographics, or geographical targeting, while baked-in ads remain unchanged over time, ensuring lasting exposure but lacking flexibility.

Podcast advertising is effective because it grants access to:

  1. Growing Listenership: With over 450 million listeners worldwide and a diverse range of topics, podcasts offer a wide-reaching platform.
  2. Engaged Audiences: Podcast listeners are highly engaged and attentive, making them receptive to ads.
  3. Acceptance of Ads: Many podcast listeners have a positive response to ads, with a significant percentage rarely or never skipping them.
  4. Niche Targeting and Tracking: Advanced tools allow for precise targeting and tracking of impressions and performance.
  5. Live Optimisation: Real-time dashboards enable marketers to optimise campaign spends by identifying best and worst-performing shows, adjusting spends accordingly, and ensuring ads are delivered at the right frequencies and locations.

Podcast hosts are often seen as more trustworthy than other influencers, creating a stronger connection with their audience and making their endorsements more effective.

Podcast marketing agencies have advanced analytics tools, well-nurtured networks, and access to data that can optimise podcast marketing strategies. They handle planning, negotiation, execution, monitoring, and analysis efficiently.

Book a free consultation! 

Podcast marketing combines the creative and branding benefits of influencer marketing with the performance and tracking capabilities of digital channels, making it a powerful tool for reaching and engaging target audiences.

Develop a podcast marketing strategy informed by data partnering with a podcast marketing agency to leverage their expertise, networks, and advanced tools for effective campaign execution.

Request our podcast marketing services! 

 

 
 
Podcast-Advertising

The Essential Guide to Influencer Marketing

The digital landscape is rapidly changing. Gen Z is increasingly gaining more purchasing power 1, and there is a clear demand for new, engaging marketing platforms and channels.

 

Instagram is IN 2 TikTok trends 3 are taking off, and YouTube is everyone’s trusty infotainment tool 4. Yet, we’re still asking the question- Is Influencer Marketing Effective?

 

In this article, we’ll break down everything you need to know about influencer marketing and how to create an effective influencer marketing strategy.

 

What is Influencer Marketing?

Picture this- Your parents’ anniversary is coming up in three days. You’ve unfortunately fallen victim to your procrastination again, and are yet to buy a gift.

 

Desperately on the lookout for a unique, thoughtful present, you remember your favourite YouTuber’s recent vlog where they used a new service to create a personalised scrapbook for their Best Friend’s Birthday in just two days! The gift looked gorgeous, and the personalisation was an absolute hit with the friend! Not to mention, with the unique discount code in the influencer’s video, it’s right within your budget! Sounds like the perfect solution, doesn’t it? So the only question that remains is – how fast are you whipping out your wallet?

 

That’s influencer marketing in action! It’s when brands collaborate with individuals who hold- well, influence, over a specific audience on platforms like YouTube, Instagram, TikTok, Twitch, and Podcasts. It involves brands using the influencers’ image, reputation, and testimony 5to create authentic audience connections and effectively influence purchasing decisions! 6

 

Why is Influencer Marketing Important? 

Influencers are trusted and admired by their audiences. This means their testimonials are far more believable than brand-produced advertisements 7. With many digital ads being branded as ‘intrusive,’ the usage of ad-blockers is also increasing, with over 37% consumers worldwide now using blockers  8

 

In this changing digital landscape, influencer marketing can be an effective channel to reach your audience whilst maintaining a positive brand sentiment!

 

Influencers also know exactly what sort of visuals, messaging, tone, and style of content appeal to their audiences. This means every influencer adapts your brand message to their viewers. The outcome? A wide-reaching campaign that still resonates with diverse consumer sub-groups!

 

How does Influencer Marketing Work?

Influencer Marketing essentially involves contracting influencers to include a segment in their posts talking about or displaying your product or brand.

Creating and executing an influencer marketing strategy broadly involves the following steps:

    • Establish a target audience profile.

    • Compare influencers’ audience profiles with your target audience profile to find a match.

    • Choose and recruit your influencers

    • Prepare a creative brief for your influencers 

    • Approve your influencers’ draft posts

    • Track and Measure your Influencer Marketing Campaign

Seems fairly straightforward, doesn’t it? So why do brands choose to work with an Influencer Marketing Agency instead of managing their Influencer Marketing campaigns in-house?

 

The truth is, there is a lot of nuance behind each step. Many brands still struggle to drive measurable results with influencer marketing or find the right influencers.  9. The likely missing links? Performance data analytics and robust networks. 

 

Influencer Marketing Agencies have advanced AI influencer databases which streamline the influencer search process. On an advanced level, Performance Influencer Marketing Agencies like Media Bodies have additional, robust analytics tools. These can transform the selection process by adding additional data parameters for consideration, which primes an influencer marketing strategy for maximum effectiveness.

 

Agencies are also in constant contact with Influencers and keyed into pricing standards. This enables them to provide accurate CPM estimations to help you make informed choices.

 

Additionally, Influencer Marketing Agencies like Media Bodies are also able to negotiate extremely competitive prices by creating economies of scale. Every dollar saved can make a massive difference to your campaign ROI!

 

Influencer Marketing can be strenuous on internal resources, especially without the right tools and networks. Longlisting, recruiting, contracting, negotiating, coordinating timely draft delivery, payments-  everything becomes highly streamlined and efficient when working with an influencer marketing agency. 

 

Finally, Influencer Marketing is a dynamic industry. Each platform requires a slightly different creative and data analysis strategy. Agencies have instantly accessible knowledge, experience, and resources to adapt your strategy for various platforms! 

See the various influencer marketing services Media Bodies has to offer. 

Finally, the million-dollar question—does influencer marketing really work? 

The answer: a resounding YES! 

But like any marketing strategy, success hinges on collecting and analysing data-insights. Performance data, Engagement data, Audience demographics, Competitor data, Creative Data, and Conversion data allow us to optimise campaigns in real-time, ensuring maximum impact and ROI.

 

See how we used data-analytics to deliver positive ROI for a leading mobile game brand.

 

Understanding various data parameters and influencer marketing industry trends can also help make performance predictions. This is another touchpoint to creating a well rounded influencer marketing strategy primed for effectiveness.

 

At Media Bodies, we don’t just ride the wave of influencer marketing; we master it. Through a strategic blend of performance data analytics and creativity, we craft influencer marketing campaigns that drive measurable results, resonate with audiences, and leave a lasting impact.

Are you ready to unleash the true potential of influencer marketing? Get in touch today!

 

Frequently Asked Questions (FAQs) about Influencer Marketing

Influencer marketing is a strategy where brands collaborate with individuals who have significant influence over a specific audience on platforms like YouTube, Instagram, TikTok, Twitch, and Podcasts. These influencers use their reputation and credibility to promote a brand’s products or services, helping to create authentic connections and influence purchasing decisions.

Influencer marketing is important because:

  • Influencers are trusted and admired by their audiences, making their endorsements more credible than traditional advertisements.
  • With the rise of ad-blockers, many consumers avoid traditional digital ads, making influencer marketing a more effective way to reach audiences.
  • Influencers know what type of content resonates with their followers, ensuring that brand messages are delivered in a way that appeals to diverse consumer groups.

Influencer marketing involves the following steps:

  1.  Establishing a target audience profile.
  2. Comparing influencers’ audience profiles with your target audience profile.
  3. Choosing and recruiting the right influencers.
  4. Preparing a creative brief for the influencers.
  5. Approving the influencers’ draft posts.
  6. Tracking and measuring the campaign’s performance.

Brands use influencer marketing agencies because:

  • Agencies have advanced AI databases to streamline the influencer search process.
    They offer robust analytics tools to enhance campaign effectiveness.
  • Agencies maintain constant contact with influencers, understand pricing standards, and provide accurate CPM estimations.
  • They can negotiate competitive prices and create economies of scale, improving campaign ROI.
  • Agencies handle all logistics, from recruiting to payments, making the process more efficient and less resource-intensive for brands.

Influencer marketing is highly effective when executed properly. Success depends on collecting and analysing data insights to continuously optimise the strategy. Brands that effectively leverage performance data and creative content see measurable results and significant ROI from their influencer marketing campaigns.

To get started with influencer marketing, you can:

  1. Define your target audience and marketing goals.
  2. Partner with an influencer marketing agency like Media Bodies to streamline the process and maximise your campaign’s effectiveness. Book a free consultation with our experts today!