Lauren asks, “What will podcast marketing be like in 5 years?”
Can’t see anything? Watch it on YouTube here.
Listen to the audio here:
- Got a question for You Ask, I'll Answer? Submit it here!
- Subscribe to my weekly newsletter for more useful marketing tips.
- Subscribe to Inbox Insights, the Trust Insights newsletter for weekly fresh takes and data.
- Find older episodes of You Ask, I Answer on my YouTube channel.
- Need help with your company's data and analytics? Let me know!
- Join my free Slack group for marketers interested in analytics!
What follows is an AI-generated transcript. The transcript may contain errors and is not a substitute for watching the video.
Christopher Penn 0:13
In today’s episode, Lauren asks, What will podcast marketing be like in five years? Lauren, if I had the answer to this question, we wouldn’t be having this conversation because I’d be retired, right? I’d have cashed out on what was going to be hot.
And and we’re all set.
No, in all seriousness, if you look back at podcast marketing over the last, you know, 16 1718 years, what has remained the same is the concept of the show, right? The show itself is this entity that you tune into.
And there’s presumably some type of entertainment that you can’t get anywhere else by, maybe it’s a friend, or a respected colleague, or an entertainment personality.
There is a way to subscribe to it to have it delivered to you that’s unlikely to change, right, because it’s built on the RSS format.
Beyond that, those those things about podcasting are pretty much the same podcasts.
One of the neat evolutions in 2014, that cereal bought around was the concept of seasons.
And I think that has been very successful for a lot of shows, obviously, not just podcast, but also YouTube series.
Certainly do things like that.
My friends, Katie and Kerry put together the punch out podcast, and that has seasons, hot ones, the YouTube interview show has different seasons and stuff.
So I think that’s a concept that’s probably going to stick around.
What has changed when we think about the matrix of create, distribute, activate and measure for podcast marketing? Creation is pretty much the same, right? So there are different tools that have gotten better and make it easier to to create rich content.
I do see that more and more shows are also simulcasting as a YouTube series as a live stream, etc.
So that there’s more opportunity to reach more people with more formats.
I don’t see that changing.
I don’t fully expect podcast to make their way into the metaverse, maybe they will but given that Facebook gave up on supporting podcasts on their primary platform, I wouldn’t hold out too much hope there.
But beyond that, it’s the channels the channels would have changed the most over the years.
In the First Age of podcasting, the RSS feed and podcast directories really were how people found chosen word of mouth.
Of course, in the Second Age of podcasting, which is about 2010 to 2015.
You started seeing stuff, basic stuff like search engine optimization, a ton of social media usage, promote shows and things, some advertising, podcast ad networks themselves.
In the Third Age of podcasting, we do see a lot more collaboration a lot more grouping up podcast networks and things to keep in particularly for independent shows just to keep them alive compared to the big bucks that major media companies are spending on shows, you know, Spotify paying gazillions of dollars to various podcasters to be on their platform.
So where we are today is the format’s pretty much the same.
The distribution channels are different.
The activation channels for influencers stuff are very different.
Again, YouTube being one of the biggest platforms for podcasters to share that stuff.
And I don’t see that changing a whole lot.
I do think there’s a possibility for more community based stuff.
Podcasts and shows in general started to figure out that having a persistent community is a valuable thing.
Having a discord for your podcast, having a Slack instance, for your podcast, things like that will continue to be important.
Lots of folks figuring out from the First Age that having a newsletter is a good idea.
Christopher Penn 4:06
I do think that podcasts themselves become more valuable over the next few years as as third party cookies and third party tracking sort of wind down over the next few years.
The ability to find a targeted audience for your average advertising company is going to get harder, right? You will not have as much third party data increased privacy restrictions make it more appealing to simply choose a podcast that has your niche or your audience, right.
If you want to talk to marketers, you can try to target in increasingly unreliable ad tech systems or you can sponsor the marketing over coffee podcast, full disclosure I do that show with my friend John.
There’s a baked in audience that you if you do your research, you can say yeah, this is or is not our audience.
And I think for a lot of shows, there’s a strong opportunity to improve sponsors.
ship by showcasing how well you know your audience, how focused your audience is, and how engaged they are.
Again, this is again, where things like a newsletter are super handy, a discord community super handy, as ways to show the persistence and the engagement of your community around your show.
So those are the kinds of things I see happening over the next few years more community, more interest in podcast audiences by advertisers.
But the format itself probably, you know, it’s it’s been a stable format really since about 2005.
It’s it’s internet radio, it’s it’s internet radio on demand support, you know, that’s, that’s really what it is.
And for the people who love them, I don’t think it’s going to change.
So that’s the answer.
That’s my answer.
Thanks for asking.
If you’d like this video, go ahead and hit that subscribe button.
You might also enjoy:
- How I Think About NFTs
- Is Social Listening Useful?
- It's Okay to Not Be Okay Right Now
- You Ask, I Answer: Google Tag Manager and Google Analytics Integration?
- Almost Timely News, 17 October 2021: Content Creation Hacks, Vanity Metrics, NFTs
Want to read more like this from Christopher Penn? Get updates here:
Get your copy of AI For Marketers