Podcasting was the focus of several well-attended panels at the Syndicate Conference in New York last week. What's unique about podcasting is it allows users to time-shift audio content in an efficient, location-independent fashion to the device of their choice. Currently, a less-than-exciting 1 percent of North American online consumers listen to podcasts. This may not yet be a market that excites media buyers, but Forrester projects podcasting will reach 12.3 million households by 2010.
As podcasting ramps up, marketers must figure out how to both support podcasting and fit it into a marketing mix. Current podcast listeners tend to be early technology adopters who are well-educated males with high average income. In addition, they're time pressed, which makes them a more attractive market as they're hard to reach via traditional media. Here are some of the ways marketers are making podcasting work for them.
Marketing Goals
Podcasting is another marketing tool that's great at reaching and engaging niche consumer segments. As a marketer, you can either create your own media outlet or advertise with an established content company that provides content compatible with your brand.
Podcasts serve a variety of marketing objectives while reaching a broad spectrum of niche constituents. Some approaches include:
Enhance Your Podcast's Reach
To extend your podcast's reach, develop a marketing plan. Factors to consider:
Measure a Podcast's Impact
At this point, there are limited available metrics tools for podcasts. For marketers, this is an obvious concern. Given that being an early adopter in many markets can drive PR buzz, the need to document a positive ROI (define) approach may not be that important in the beginning, especially if you have a budget for experimental advertising. Lack of established metrics shouldn't be a reason not to test podcasting.
Here are some basic metrics people are using:
A few companies are emerging to measure the impact of podcasting and related advertising. Among them are Audible's Wordcast, which measures reach and frequency; Podtrac, which offers audience data based on downloads; Arbitron's Portable People Meter; and Podbridge, which tracks actual listeners.
Regardless of your business objectives, you can make podcasting work for you. Podcasting is a great, low-cost way to engage customers with very specific interests. Podcasting can give your enterprise a personal voice that can be used for either branding or providing a very personal sell. Though metrics remain limited, this the perfect place to invest some discretionary marketing dollars to create buzz and raise your profile with well-targeted audiences.
Heidi Cohen is the president of Riverside Marketing Strategies, an interactive marketing consultancy. She has over 20 years' experience helping clients increase profitability by developing innovative marketing programs to acquire and retain customers based on solid analytics. Clients include New York Times Digital, AccuWeather.com, CheapTickets, and the UJA. Additionally, Riverside Marketing Strategies has worked with numerous other online content/media companies and e-tailers.
Prior to starting Riverside Marketing Strategies, Heidi held a number of senior-level marketing positions at The Economist, the Bookspan/Doubleday Direct division of Bertelsmann, and Citibank.
Her blog, HeidiCohen.com, was nominated as a finalist for Top Social Media Blog of 2012 by Social Media Examiner.
Heidi is also a popular speaker on current industry topics.
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