When we hear about digital marketing, we automatically think of Facebook, Youtube, Instagram, Twitter, email, etc, but what about Podcasts? Do podcasts have enough relevance for it to be worth putting our digital marketing efforts into?
Actually, yes! Here are some facts and stats that will convince you even more:
Podcast listeners are much more active on every social media channel
According to the latest Podcast Listener Statistics (USA, October 2020), 94% are active on at least one social media channel – vs 81% of the population. Given this fact, it’s obvious that podcasts would most certainly help you widedn the range of your audiences. Listeners would help increase awareness by word of mouth through their social media platforms which would also give you User-Generated Content (UGC).
Podcast listeners are most likely to follow companies and brands on social media
If you want your social media pages to grow and have more followers, it would be good for you to advertise them on podcasts. Either by being a guest or making one yourself! Remember, that when it comes to marketing, the more you are seen, the better.
69% agreed that Podcast ads made them aware of new products or services
Listeners are more likely to listen to ads on podcasts than any other medium. One of the reasons for this is that the podcast hosts usually read the ads and they’re too integrated into the program. In addition to this, 54% of podcast consumers say they think about an advertised product while 17% of them are much more likely to buy those.
Brands that advertise products and services during a business podcast have a 12% lift in purchase intent
The goal of every business is for people to avail or buy their products and/or services. This statistic just proves that podcasts do help in increasing the number of your prospects which might soon turn into a lead and eventually—a customer.
Businesses spent $497 million on podcast advertising in 2018
This one is the biggest proof of how effective being on a podcast is for your business. Businesses have been spending this much on podcast advertising because they have proven it effective for digital marketing. It is also estimated that starting in 2020, marketers will spend $1 billion on podcast advertising every year.
Podcast is one of the fastest-growing platforms. With all the facts presented above, it’s no doubt one of the best places to advertise and grow your business! I can definitely say that having a podcast is indeed vital for your digital marketing plan. After all, numbers don’t lie.
If you’re new to podcasts but is interested in making one, you can read this How to Start a Podcast blog to guide you!