Uncover the key insights from “The Power of Brands in Podcasts” report and what they mean for marketers going into 2024. Learn how to leverage branded podcast listener data to create informed marketing strategies and impactful content.
Sounds Profitable released a Quill and CoHost sponsored report, “The Power of Brands in Podcasts,” that reveals important data brands and agencies need to know about branded podcast listeners, including:
On top of that, the report covers untapped opportunities in the branded podcast landscape that you may be leaving on the table and how to leverage video for your branded podcast.
In this blog, we are going to take this conversation even further and dive into the insights revealed from "The Power of Brands in Podcasts” report and what they mean for marketers going into 2024.
Before we dive into the findings of the report and the takeaways for podcast marketers, we have a quick note on methodology.
Of the 2400 American adults surveyed, 974 respondents indicated they were “Very” or “Somewhat” likely to listen to a podcast about a favorite brand or product. These individuals are labeled as “Brand Fans.” The sample was weighted to the most recent census data to be representative of the U.S. population.
What this means for you: If your brand is going after audiences between Gen Z and Gen X, you’re in luck, as there are 13% more brand fans in this profile than average listeners. This is still quite a large range, so we suggest leveraging podcast analytics to better define your listener profile and tailor your content.
What this means for you: Brand fans have a more consistent relationship to podcasts with 48% having listened to a podcast within the last week. Comparatively, only 37% of total respondents had listened to a podcast in the past week with 28% of them never having listened to a podcast. This data marks an important opportunity for brands to tap into a captive and reliable audience base.
What this means for you: With 89% of brand fans tuning into podcasts for discussions on topics of interest, producing insightful and educational content is at the forefront for brands. A big part of this is partnering with the right agency, featuring engaging and informed guests, and tailoring your content to audience feedback.
On top of that, branded podcast listeners are busy with the majority of them tuning in while performing other tasks like commuting, doing household chores, or exercising. To tap into their day, your brand needs to produce quality content that provides them value.
Quill tip: If you’re looking to take an audience-first approach to podcasting, check out our blog article that outlines how to find your ideal audience, how to reach them, and how to ensure your content resonates with them.
What this means for you: As a whole, brand fans listen to more podcasts of all forms than all listeners with the largest discrepancy being 7% for a limited series podcast. This means that regardless of the type of podcast your brand chooses to produce, brand fans will be more likely to tune in.
What this means for you: Celebrity-produced shows and brand-produced shows tend to be perceived quite differently; however, in reality, listeners do not look down upon branded podcasts. Only 5% more listeners are likely to listen to a favorite celebrity-produced show than they are a show produced by a favorite brand. This presents an immense opportunity for brands in audio to leverage a captive, loyal audience.
What this means for you: Podcast listeners do not feel negatively toward a brand’s involvement in a podcast. In fact, they feel quite the opposite. In practice, as long as your show isn’t overly sales-y or promotional, highlighting your brand’s involvement in a podcast will not dissuade listeners from checking out your show.
Quill Tip: If you’re looking for ways to build your podcast’s brand, check out our full article that outlines why your show needs its own unique brand and how it can complement your business in subtle, yet effective, ways.
What this means for you: Word-of-mouth marketing isn’t dead – especially among branded podcast listeners. While this doesn’t mean you should drop your other channels, branded podcast listeners are more likely to listen to podcasts with other people and recommend them to others in their social circle compared to other respondents.
What this means for you: On top of being more likely to recommend podcasts to others, brand fans have more people in their social circle who listen to podcasts. If your brand produces a valuable show that resonates, this data presents the opportunity for increased reach and discoverability. Additionally, brand fans are more likely to listen to podcasts that their social circle recommends, signifying a high degree of trust and loyalty.
What this means for you: Marketers need to be intentional with word-of-mouth marketing by targeting their ideal listeners online through social media and host-read ads.
This reaffirms findings from earlier this year that report 55% of podcast revenue comes from host-read ads; whereas, brand or agency-produced ads make up only 3%, suggesting that above all, podcasting is an extremely intimate and connective medium.
Quill Tip: If you’re looking to leverage the full potential of podcast advertising, check out our recent article where we dive into the most up-to-date podcast stats to reveal why podcast advertising should be your next paid strategy.
What this means for you: Increasing your show’s discoverability is critical for success – especially when it comes to making it available on video streaming platforms like YouTube. With a reach of 5x the amount of listening apps, YouTube presents a lucrative opportunity for brands in audio to tap into new audiences.
What this means for you: Of non-listeners who identify as brand fans, their primary barrier to listening is the absence of video. Many brands have begun to leverage this opportunity with 85% of companies reporting to have captured video for their podcasts in 2023. Luckily for brands in audio, YouTube is continuing to adapt to podcast consumption.
We can see this most notably in Google Podcasts migration to YouTube next year. ITo expand your reach and tap into new audiences, we encourage brands in audio to tap into video.
From the data revealed in this report, we have identified the key challenges and opportunities podcast marketers should keep top of mind looking into the new year.
While brand fans represent a captive, loyal audience with 48% listening within the past week, their attention isn’t free.
For brands looking to enter the audio sphere or brands seeking to improve and optimize their current podcast, here’s a quick checklist to run through when analyzing the value of your content and the quality of your listening experience:
While this list can come across as a bit extensive, creating a branded podcast that resonates doesn’t come without hard work and the right team. To maximize your show’s potential, we suggest brands partner with a full-service podcast agency.
On top of saving your team valuable time and resources, podcast agencies provide expertise, connections, quality equipment, and a team of highly qualified writers, producers, editors, and sound engineers to ensure your podcast makes an impact.
Quill Tip: If you’re looking to increase your branded podcast’s quality, check out our blog all about tangible steps and strategies you can implement to improve your listening experience.
While word-of-mouth is the primary way brand fans and general listeners receive podcast recommendations, online engagement isn’t far behind. That is why, to maximize your word-of-mouth strategy, we suggest brands optimize their online presence via other top-performing channels, namely:
Going into 2024, marketers need to approach word-of-mouth intentionally and not just see it as an organic tactic. Instead, put your branded podcast in front of your ideal audience on social media, through paid ads, and on search engines to unlock the full potential of your show’s reach.
The primary barrier for non-listening brand fans is their preference for video, but brands are responding to this challenge with 85% of companies capturing video for their podcasts in 2023.
We expect to see this trend expand this coming year. One reason for this is that YouTube is continuing to adapt to podcast consumption. YouTube videos in 2005 were about two minutes long on average. Now, the average YouTube video is above 15 minutes. This increase is largely due to the increasing demand for longer-form content on the platform.
As seen through “The Power of Brands in Podcasts” report, brand fans represent a large, captive market ready to engage with valuable, informative content. As a demographic that is prone to share favorite shows with others and act upon word-of-mouth recommendations, we suggest all brands increase their online discoverability to tap into their reach.
Looking forward to 2024 video podcasting, intentional word-of-mouth marketing, and quality content remain central themes guiding podcast marketers. Adapting to and leveraging these trends will be instrumental for podcasters seeking to thrive and captivate audiences in the upcoming year.
If you’re interested in learning more about brands in podcasting and how a podcast agency can help bring your podcast to life, reach out to the Quill team!
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