What if someone told you that podcast advertising has the potential to help increase your customers and boost sales? Believe it or not, it’s true!
How? You can start by joining a Podcast Advertising Marketplace that helps you earn from podcasting while saving money through cost-effective marketing. Yes, you read that right. Podcast advertising can help you save money and make money at the same time.
Interested in learning more? Keep reading!
What is podcast advertising: How does it work?
Podcast advertising is a marketing technique that involves the placement of ads between podcasts to promote a business’s products and services. The definition is fairly straightforward and podcast ads are similar to general media advertisement methods.
A sponsor or show host finds a podcast with a preferred audience demographics and many qualified prospects. Both parties negotiate a deal, and the host inserts the adverts somewhere during the main content.
10 reasons podcast advertising is important to your business
Here are our top 10 reasons to advertise your business using podcast promotional strategies.
1. Reach a highly engaged audience
Unlike other marketing methods, podcast advertising can help your business reach a highly engaging audience. It is far more effective than a traditional TV or social media advertisement directed to an audience that might not even be interested in your product.
But that is different with a podcast promotional campaign because your ads will appear to subscribers that already love your content. These are people with a higher chance of making a purchase.
2. Enjoy cost-effective marketing
Podcast advertising is less expensive than the other media advertisement strategies we mentioned. Podcasting is also more effective, a win-win since you save money and achieve even better marketing objectives.
However, a challenge pops up for small business podcasts with low subscribers. Such enterprises should join a podcast network or partner with a similar show that sells a complementary product.
For instance, a small butter-making company can partner with a recognized bread-baking enterprise and jointly advertise its product on a podcast.
3. Helps to target specific demographics
Businesses that sell products, particularly for a specific demographic, find podcast advertising necessary. That is because individual podcasts conventionally revolve around a niche making it easy to attract qualified prospects.
Hence, a business that sells baby products would seek to sponsor adverts on a parenting podcast. That is where its target customers exist as subscribers with a verified interest in baby-related items.
You can’t advertise an online course on such a podcast because it will not generate lower engagement. Instead, an online course ad would better fit a private podcast for millennials or Gen Z.
4. Podcasting ads are less intrusive
Those that understand how annoying an unrelated ad placed between media content can be will appreciate podcast advertising. Unlike social media and TV adverts, podcast ads are much more related to fundamental show ideas.
Therefore, the likelihood of listeners skipping is lower. It is even better when the advert sponsor negotiates for a host-read style in which the podcaster narrates the ad with their voice. It sounds more convincing, and some audiences only view it as part of the show.
5. Higher conversions
The fact that podcast promotional strategies focus on target demographics signifies higher sales conversion rates. Explanations include that subscribers trust and believe the recommendation of podcasters they follow.
It is a loyalty built with consistent and quality business podcast ideas over time. Conversion rates for podcast advertising are even higher when the host narrates a positive, personal experience of the product.
6. Measurable results
Another reason to use podcast advertising for business marketing is to assure precise, measurable results. You can access audience analytical data like downloads, number of clicks, and even demographic metrics.
Businesses learn what strategies work and how its target listeners respond to sponsored ads. This information benefits ad sponsors using different podcasts to identify the ones with more conversions.
7. Monetization opportunities
Monetization opportunities are part of what makes podcast advertising better than other sales marketing methods. Apart from cost-effective advertisements, podcasts also serve as an extra source of business income.
In addition to selling your products on your business podcast, selling for other brands using sponsored ads is possible. But such a brand would be from a different industry, except they produce complementary products to what you do.
8. Promote brand awareness
You can enhance and establish your brand’s authority with podcast advertising. An excellent approach is creating private content that offers value to your subscribers. You might want to focus on making your brand popular before going after the sales.
It is a podcast marketing technique that builds the trust and confidence of subscribers in your brand. Since you have not been entirely promotional, the listeners are more likely to believe you and make purchases when you start selling.
9. Increase website traffic
Besides reaching more target prospects, podcast advertising is also an avenue to boost website traffic. You can start by embedding a media link on your business website and link to it through every new mail you send informing subscribers about a new episode.
An alternative approach is transcribing podcasts into blogs and optimizing the SEO descriptions to reach an interested audience that prefers written text over audio.
10. Build vital business connections
While podcast advertising helps increase sales and conversions, it offers much more. One benefit is establishing valuable business connections that enable you to maintain the success you have achieved.
How do you build connections through podcasting? Join a podcast ad network, invite guest speakers to your show, run sponsored campaigns, and cross-collaborate with podcasters.
Conclusion
Podcast advertising is essential for businesses, regardless of whether you own the podcast or not. It is a powerful medium that can boost sales and increase conversions.
Besides, marketing campaigns are more engaging, targeted at the right audience, cost-effective, and potentially increase your brand’s authority among competitors. But does that mean every business with a podcast would be successful? Not necessarily. Podcasting still requires the correct implementation to yield results.
