The rapid expansion of the podcast industry is bringing in massive numbers. Podcasters, media companies,advertisers and tech people are profiting from the massive growth, but competition grows. There’s almost always room for another podcast because of the broad nature of the market, but advertisers must now be a bit more careful. Deciding who to work with, to what scale you want to invest in the podcasting advertising market and what risks to take are just a few of the questions emerging to the front lines. Although there are tons of options to fit almost every brand’s needs, some podcasts provide higher ROI and some may not generate much profit. In this expansive industry it is important to create meaningful ads that get a specific message across, but don’t sound too “buy me.” Here are a few helpful hints and tips to creating effective podcast advertisements.
Have a Plan
This one is obvious, but extremely important. Knowing the message you want to convey and taking the appropriate steps to do so is the simple equation for successful podcast advertising. If you lack a vision for your ads and what you want them to do, then the podcast hosts may not put out the right ads. Whether you plan to use a host-read ad or embed a pre-recorded ad, it is important to know what you want the listeners to hear. Advertising can be costly, so don’t forget to create a specific plan to make it worthwhile.
Know your target audience
The key to mastering this concept is research. Effective market research helps brands determine what type of podcasts their customer base listens to. Podcasts Ads have proven to be one of the most recalled forms of advertising, which is what makes them so effective, but if marketed towards the wrong market can be wasteful. It wouldn’t make sense to market modern medicine on Wise Traditions, a podcast that embraces holistic ancient lifestyles. A quick google search on this podcast would tell you that, but oftentimes in depth listener demographic research is required.
Make the ads relevant
The best podcast ads don’t feel like tv advertisements. On tv commercials it is very clear what they’re selling and for how much, but that isn’t always the case on podcasts. These ads can be just as useful serving as simply brand recognition boosters, or they can help you build your social media presence. s By targeting specific audiences and making the ads flow logically they become effective marketing tools without sounding like commercials.
The podcast advertising field is headed to the forefront of the industry. Media companies are getting in on the action, and there is plenty of space for advertisers to profit. To learn more about the industry visit Blog – Modern Stoa.