BrandSavant

Gaining Insight From Social Media Data

What Will Kill Podcasting

by Tom Webster on June 12, 2012

Last Thursday at Blogworld, I had the honor of kicking off the conference with a Super Session on our new research study, The Social Habit. I was also asked to present some new podcasting research at a panel called “The Current State of Podcasting,” which, to be honest, was a slightly frustrating experience to me, mostly because of what I perceived to be a misplaced pessimism about the format. First of all, my friend Chris Penn attended the panel and said this better than I will, so do read his post, “The Golden Age of Podcasting is Now.” I agree with every word.

It’s hard to look at this graph, for instance, and say podcasting is dead, or dying–if anything, the discontinuous rise in smartphone adoption has given on-demand podcast consumption a bit of a goose:

But what I heard from this session was how we’d lost “the spirit” of podcasting; that sense of excitement from those early, heady days. There was even one podcaster who noted that the “golden age of podcasting was dead.” The evidence cited: their inability to grow audience over the past four years. Where I’m from, we call that “inductive reasoning.” Needless to say, I disagree. I have been presenting podcast research to the podcasting community since the first Podcast and New Media Expo back in Ontario, California back in 2006–and I can say this unreservedly: the best days for podcasting lie ahead.

Yes, gone are the days of needing “podcatching” software, and the panoply of startups who used to sponsor podcasting events with industry-specific products and services has now faded to a trickle. And yes, podcasting has become more “corporate,” with entities like ESPN, BBC and NPR dominating the download charts. But rather than lament the “lost” days of independent podcasting, we should be thanking mass media for making the term “podcasting” familiar to nearly half of Americans 12+. And rather than excoriate Apple for dominating the distribution of podcasts with a portal that is not necessarily conducive to getting independent podcasts known or showcased, we should celebrate the fact that iTunes is a giant content vending machine in the majority of American homes, and independent podcasters get their content dispensed right next to Coke and Pepsi.

There’s never been a time of greater opportunity for podcasters. Today, your shows are accessible on hundreds of devices–with no RSS feeds or “podcatching” required. Your content is now available on my Apple TV, on a Roku, or on-demand on millions of Android, Apple and Windows mobile devices. There’s a catch, though–your content is now on display and competing with everybody else’s on these platforms. If I’m scrolling through content on my Roku looking for your podcast on “House Improvement,” it’s sitting there right next to “House M.D.” Yes, the opportunity is immense, but now you’ve got to work harder. What got you here, won’t get you there. And it’s this sense–the belief that just doing a great show is enough–that will kill podcasting for independent podcasters quicker than anything.

I was pleased to hear Todd Cochrane, CEO of RawVoice, note that he has a spreadsheet of all the podcasters on his network, and tracks 11 different categories of marketing outreach and content creation for each of them. What he discovered is this: for the podcasters who consistently do at least 9 or 10 of those things (like write a separate blog, and engage on various social platforms), their audiences grew. For those who don’t–in other words, those who think just putting out a great show and tweeting links to it will suffice–there is no growth.

The bottom line is this–the tide is rising. But so are the demands on your prospective audience’s time and attention. The people who produce RadioLab and The Bill Simmons Show and Fresh Air are great content producers–but they also work with great marketers. If you aren’t a great marketer, you need to go meet one and make friends. Find great content marketers who aren’t podcasting (or are doing it poorly) and join forces. No one is great at everything.

It’s harder than ever to succeed with an independent podcast, but the rewards are commensurate with the effort. Smartphones have completely changed the game for content consumption, and you may need to rethink the very format of your show to keep pace with the paradigm shift that on-demand mobile broadband has created. I know some of you have been podcasting for years–some for over a decade. But experience isn’t everything. There were hundreds of 17th century astronomers with 20, 30 even 40 of years experience who believed the Earth was the center of the universe. History has not been kind to them.

It’s time to think about your show in a brand new light, and reimagine the content formats that will help you succeed in the future. It’s time to think like a rookie again.

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  • http://chris.pirillo.com/ Chris Pirillo

    YouTube.

  • http://twitter.com/DCAutoGeek Juan M. Barnett

    Tom – What are your thoughts on applying voice narration to blog posts?

    I did this with one of my blog posts and received positive feedback from my followers. They said they liked the option of a simple HTML5 player and that it was nice to hear my voice read the story to them.

    It allowed me to stress points, insert sarcasm and pauses better than text. They also liked that they could walk and listen to it, much like a podcast. I think the future of blogging will include some form of simple streaming audio option.

    If the author does his or her own narration it makes the content that much more personal.

    Juan

  • http://jonloomer.com/blog Jon Loomer

    Good stuff, Tom. One question, though, about the chart. I have a hard time reading that as showing significant growth. The chart indicates that it is “% Who Have Ever Listened to a Podcast” by year, with the emphasis on “ever.” So if you listened to a podcast in 2009, that data would be included in the 2009, 2010, 2011 and 2012 stats. In other words, increases of some sort would be expected — and decreases would be seemingly impossible (or close to impossible, since you also have to consider a growing overall audience).

    I’m not saying podcasting isn’t growing. I just question that chart in general.

  • http://www.edisonresearch.com Tom Webster

    It was flat in 2010-2011. But the growth from 2011-2012 was beyond margin of error, and thus statistically significant.

    And things don’t keep growing. Twitter is at 10%, yet still part of everyday parlance.

  • http://jonloomer.com/blog Jon Loomer

    I guess I’d just like to see percentage who listened to a podcast during that current year then. Otherwise, it’s not all that easy to draw conclusions from the chart.

    Hypothetically speaking… If the potential audience (people eligible for the poll) stayed flat the entire time (we’ll use the number 100 for the purpose of this example), the breakdown would be like this:

    2012: 29 (4 listened in 2012)
    2011: 25 (2 listened in 2011)
    2010: 23 (1 listened in 2010)
    2009: 22 (4 listened in 2009)
    2008: 18 (5 listened in 2008)
    2007: 13 (2 listened in 2007)
    2006: 11

    So again, that doesn’t tell me growth. That would suggest that the year most people listened was in 2008. Though I guess 2012 is only midway through, so that in itself could be the sign of growth.

    Or maybe I’m completely missing something obvious (or otherwise stating the obvious). Not trying to be a jerk about it. I have a podcast, so I certainly want growth!

  • http://www.edisonresearch.com Tom Webster

    It’s hard for me to see how the channel that is most responsible for the mainstream distribution of independent content is bad for the medium.

  • http://www.edisonresearch.com Tom Webster

    Not sure I’m getting your point. 29 is bigger than 18, no? These are percentages of the US population, so regardless of *that* growth rate, more people are listening to podcasts now than ever. And these numbers don’t just keep going up forever. Our MySpace numbers have declined for three straight years.

  • http://jonloomer.com/blog Jon Loomer

    Okay, here’s the point…

    The numbers aren’t “% of People Who Listened to a Podcast During Current Year.” They represent “EVER.” If X% of people listened to a podcast during the first year, they wouldn’t need to ever listen to a podcast again to be included in the data of people listening in all future years.

    So another hypothetical, based on how this chart appears to be collecting data…

    Let’s say that in Year 1, 20 people out of a potential audience of 100 listened to a podcast.

    In Year 2, only one person listened to a podcast. But there were still 20 people who had listened to a podcast the previous year.

    So in Year 1, the number would be 20%. In Year 2, the number would be 21% — because it’s cumulative.

    This would not show growth.

  • http://jonloomer.com/blog Jon Loomer

    And I understand that data can decline (see MySpace), but the way that this chart displays the data, that would be close to impossible. Consider a similar chart for “% of people who have ever used MySpace.” While usage would go down, the percentages would continue to climb. I haven’t used MySpace since about 2006, but that is included in “ever.” So that would count towards 2012.

    Or am I completely crazy?

  • http://raulcolon.net/ Raul Colon

    I think having a podcast also opens to the long tail effect of content which can help you touch very engaged listeners who can also share your content with the communities they belong too on other channels. 

    I guess where so many go wrong is forgetting that there are many elements to the eco-system and all of them bring many opportunities if people commit to them! 

  • http://www.theskooloflife.com Srinivas Rao

    Hi Tom, 

    My sense from Blogworld was that everybody and their mother is starting a podcast. I even remember a session titled “Why every blogger should have a podcast.” As somebody who has done over 250 episodes of a show, I don’t actually think every blogger should have a podcast. I don’t necessarily think being a good writer translates to being good on the air. Podcasting is part entertainment part information in my opinion.  There are some people who who are going to be naturally good at it. I’m guessing what you’ll see is what you’ve seen with blogs. Lots of people will come out of the gate strong. They’ll realize how much work it actually is, and eventually it will drop off.  Part of what makes a podcast successful is a consistent production schedule.

    The good news however is for people who are already podcasting. The fact that it’s growing in popularity just validates the medium. Thanks for a thought provoking post. 

    p.s. If you’re up for it I’d love to interview you for BlogcastFM. 

  • Dave Thackeray

    As a former podcasting advisor turned realist I am completely devoted to the channel still as a marketing opportunity, but I know that people who wish to share their cerebral spoils as web radio hosts have to find the solutions within, not from a third party.

    Let me explain that: There are now platforms that let you produce a podcast simply by clicking record. Spreaker, Mixlr, Mixcloud are possibly the three most popular (Spreaker being my personal favourite). So you remove the technical obstacle altogether from the equation.

    So what it actually boils down to is whether the person in front of the mac has the persistence, passion and personality to pull off a podcast. You’re so right, Tom, to say that to cut through today you need to adopt many different marketing channels for your podcast to be successful. But then the podcast becomes part of the machine – a machine that requires considerable lubricant.

    I’m hoping that the 2013 New Media Expo is the platform for ethical marketing of which podcasting is surely a part. Maybe I’ll accept the offer to speak at the Expo next time – this year just didn’t feel right.

  • http://jontusmedia.com/ Jon Buscall

    I think now is a great time to be a podcaster but although the barrier to entry is lower in terms of equipment / tech, it’s important to ensure you’re producing something that is reality good quality both in terms of content and audio. 

    For B2B it’s vital that you’re addressing your potential listeners needs and concerns. I think it’s going to be less about audience loyalty though. Someone who, say, wants help or advice with buying a website won’t necessarily want more than 1-2 episodes, whereas an entertainment podcasts will build a regular audience. 

    Personally, podcasting has become the second biggest form of lead generation for my business. 56 episodes in, I just wish I’d started sooner.

  • http://jontusmedia.com/ Jon Buscall

    Curious to read your comments about New Media Expo, podcasting and ethical marketing. I’d like to know more about that. 

  • http://www.mltcreative.com Billy Mitchell

    Jon,

    I was just reading Tom’s article and thought since I know Tom and you are both friends with Mark Schaefer you may already know each other. Just in case, I was going to leave a comment suggesting Tom check out your podcast Jon. It’s a great example of how to make the format engaging and effective, not to mention easy-listening.Just as I scroll down to make my comment I see you beat me to it.

    Tom,

    You’ve probably heard Jon’s show but if you haven’t, I highly recommend it. If Jon ever leaves his day job, he could make a living doing voice-over work.

  • http://jontusmedia.com/ Jon Buscall

    Hi Billy, Thanks so much for the generous words! I appreciate it immensely.

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