Is Podcasting Still the Next Big Thing?
Posted by dave on November 29, 2006 at 04:55 PM
Check the headlines:
Podcasting falls on deaf ears
Podcasting: It's not just for geeks anymore
What Podcasting Revolution?
The line in the sand has been drawn. You either believe that podcasting is the next big thing, or just another over-hyped fad that will fade away and join the 8-track as an obscure Trivial Pursuit answer.
Given this seemingly "either or" outcome, many companies have shied away from dedicating advertising dollars to this new potential revenue stream.
As a subscriber and regular listener of numerous podcasts, all I can say to these companies is "You're missing out." Rarely do you get a chance to connect with such a targeted, attentive audience. Even if the audience is not as large as other advertising mediums, you are speaking directly to potential clients.
In addition to its pinpoint targeting, podcasting also provides the opportunity to create a level of customer loyalty unobtainable through other marketing channels.
Although the estimates vary, the number of Internet users downloading podcasts seems to be falling in the range of 7-12 percent. For ease of use, I'll use 10 percent as my baseline.
Using a little math and the helpful statistics found at Internet World Stats, which say there are 229,138,706 internet users in North America, we'll estimate that 22,913,870 people in North America are downloading podcasts.
Drawing on this number, and making an assumption that 1/2 of a percent of podcast listeners are interested in your topic - if you were to produce a weekly podcast you are looking at 5,957,588 opportunities to speak directly to your target market every year.
Make that a daily podcast, and you are talking about 29,902,509 opportunities every year.
Given this potential reach, maybe the question advertisers should be asking is not, "Is podcasting the next big thing", but "What other advertising medium offers this type of targeted volume?"
Tags
podcasting
podcast
Category
Podcasting
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Comments (4)
Posted on November 30, 2006 06:11 AM
I have always felt an "all band" philosophy the best approach. Produce the best program and distribute as widely as possible. Use everything you can to get the program listened to. Podcast is another distribution technique not a genre of program.
Posted on November 30, 2006 03:13 PM
Podcasting is incredibly useful for so many different reasons,
not the least of which is entertainment. and information. There's
education, training, keeping in touch with distributors,
spreading your personal (or company's) message, branding, and
more. I agree with RD that podcasting is a method of distribution
- and it's one that is causing a significant shift. We're now
being trained that not only can we time-shift, but we can
location-shift our listening (or viewing) habits. To the
mainstream who have heard of a podcast, it's not just audio -
it's video, too.
Those who don't think podcasting is significant or call it a fad
probably just got their first DVD player because hey, everyone's
got one now. (DVD was the fastes-adopted consumer item in
history). Ah, well, there's one or two in every crowd!
Posted on December 1, 2006 07:58 AM
I agree with RD. Too many people/organizations who shun podcasting are doing so because they are looking at it from a current content perspective and not as a technology that can deliver content--whatever content they choose.
With the boom of video iPods that is sure to come this holiday season, I anticipate that vcasting, in addition to podcasting, will emerge as unavoidable avenues for businesses who wish to contact their consumers, especially Gen Y and Gen X consumers.
Posted on November 29, 2006 08:50 PM
I totally agree on your point of targeted traffic. Seems like a great bang for the buck. Will podcasting fizzle? I don't believe so. It will continue to flourish. I see a huge marketing opportunity when mobile smart phones are used to listen to dynamic podcasts embedded with code. You're hearing about widgets on your treo or crackberry and the link for the site with a marketing message appears on your phone.