In this issue
  1. What is Paid Search? How SEO and SEM Work for You 11 min read
  2. How to Advertise on Google: Tips for Your First Adwords Campaign 13 min read
  3. AdWords Campaign: Everything You Need to Know to Run a Google Ads Campaign 10 min read
  4. Create Facebook Ads that Get Your Audience’s Attention 11 min read
  5. The Questions You Need to Ask When Hiring a Facebook Marketing Consultant 10 min read
  6. Increase Your Facebook Lead Generation With Paid Advertising 13 min read
  7. How to Advertise on Youtube: Creating Your First Youtube Ad Campaign 13 min read
  8. Podcast Sponsorship: 5 Tips to Help You Pitch Great Ads 13 min read

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Issue #20 • August 2018

Podcast Sponsorship: 5 Tips to Help You Pitch Great Ads

Advertising Digital Marketing Podcasting

It doesn’t matter if you are eating a quick lunch, tidying up your home, commuting to a work meeting, or even trying to wake up in the morning as you jump into the shower.

No matter what you’re doing, you can probably be listening to a podcast at the same time. We can multitask and do virtually anything while listening to podcasts.

Podcast sponsorshipEven though video marketing has become king, it also takes your full attention because you have to watch a screen and focus on what you’re listening to. Podcasts allow you to get other things done while consuming valuable content.

It’s no surprise, then, that people have been flocking to podcasts over the past few years. In fact, 26% of people listen to podcasts monthly (that’s around 73 million people!), meaning they have chosen select shows to consistently listen to. The brand loyalty podcasters have built with their listeners is unmatched!

Podcast listeners are also known for being better educated, wealthier, and more likely to follow brands than the average social media user. That means they might be just the audience you are hoping to get your high-end products and services in front of.

Instead of feeling like you have to dive in with both feet and become a podcaster yourself, you can tap into your desired audience without all the heavy lifting through podcast sponsorship.

Why podcast advertising works so well

Why advertise on podcasts when you have the opportunity to market your business on social media and search engines like Google and YouTube?

You might be tempted to rule out podcast sponsorship because it involves creating an ad people can’t visually see, but you could be missing out on potential customers. Here are some other reasons why you may want to keep a podcast sponsorship in the running.

Quality of podcast listeners

You may have seen that many popular podcasts are sponsored by a larger entity, but why would a company partner with podcasters?

Brands know that podcasts with cult followings can be a great place to advertise because they’ve already attracted a niche audience.

For example, Freshbooks is a well-known accounting software that sponsors the Being Boss podcast which features interviews with creative entrepreneurs who talk about business and personal development.

Being boss podcast- podcast sponsorship
Since accounting is a major pain point for creators who are learning the ins and outs of entrepreneurship, Freshbooks saw an opportunity to advertise their brand with Being Boss.

They began with a regular podcast ad spot and now are a main podcast sponsor of the show. As podcast sponsors, they can connect with someone else’s podcast audience members who are already perfectly primed to use their accounting software and services.

Perfect for launches or promotions

Maybe the idea of committing to a long-term podcast sponsorship like the example above feels a little out of reach. No problem!

One of the great aspects about advertising on podcasts is that many of them are built so you can advertise during a specific product launch or company-wide promotion.

If you want to use your advertising dollars to create the most amount of buzz around an event or specific launch instead of driving consistent traffic to evergreen offerings, podcast ads could still be a great option for you.

Effectiveness of branded podcast series

Instead of advertising for a specific ad slot in the podcaster’s show, you could think outside the box and create a branded series.

Full-length branded podcasts (like Buffer’s podcast titled The Science of Social Media) are still popping up, but branded series are a great way to create a short-term show on subjects of your choice.
Buffer-podcast- branded podcast- podcast sponsorships

This can be done by partnering with podcasters who already have an audience, which is what we’d recommend, or you can create a branded series of your own.

Keep in mind that you’ll have to do all of the marketing if you go it alone, so partnering with a well-known show can ensure you have more people listening and have added credibility.

Podcast sponsorship tips to create great podcast ads

Popular brands like Squarespace, Bombas, and DrinkWel are utilizing podcast advertising and finding unprecedented success. For Bombas, an athletic sock brand with a cause, podcast advertising has helped them reach new levels of profit and audience growth.

Bombas VP of Marketing, Kate Huyett, has shared that “in a given week, about 50-60% of our new customers are coming from paid [channels]… and podcasting has ranged from 15% to 40% of that. It’s a pretty meaningful percentage of our paid portfolio.”

Wow! This might be surprising for a clothing brand that seems to rely on visual marketing for their product, but Bombas has mastered the art of tailoring their message to target audiences over the airwaves.

So if podcast advertising has worked for other brands, can it work for you as a small business owner? The answer is yes!

You can start by researching podcasts that have smaller audiences (meaning your ad spend can be lower) and taking a few more steps, which we’ll cover below.

Create engaging podcast advertising content

Everyone knows that higher podcast listener engagement leads to higher conversions, but how do you go beyond encouraging engagement? It all starts with the meat of your content.

A great place to start is by listening to multiple podcasters you’re interested in and getting a feel for the style of their show.

  • How do they address their audience?
  • What level of expertise do they seem to be at with the podcast topics?
  • Do their audience demographics look like yours?

All of these questions will help you determine if advertising with that podcast will be a good fit for your brand.

Podcast sponsorship tips-engaging ad content

Once you find a podcaster that is interested, work with them to learn even more about their audience and gain more information about what the podcaster is seeing as a trend. The more context you have, the more tailored your content can be.

After you understand their audience, you can start working with the podcaster to create engaging content.

One of the greatest aspects of a podcast sponsorship is that you don’t have to spend extra money producing content for the ad. Instead, you’ll collaborate with the podcaster on content and they’ll pitch it to their audience while you sit back and watch your analytics.

How-to:
To create an engaging podcast ad, you’ll want to address an audience pain point, offer a differentiated solution, and follow your message with a strong call-to-action (CTA).

The goal is to be as clear and concise as possible while still being engaging and interesting.

Determine your podcast ad length

We just talked about being concise, but what exactly does that mean? When podcasters offer podcast advertising slots, they usually offer a 10, 30, and 60 second podcast ads.

Choosing a 30 second ad spot is ideal because it gives you enough time to tell a story and connect with the audience without taking away from the podcaster’s content. Otherwise podcast listeners may be tempted to skip ahead or tune out the advertisement completely.

Pro tip: If a podcaster has a different ad length in mind or knows what works best for their audience after testing a few lengths, take their recommendation and run with it.

Podcast sponsorship tips-determine ad length
Choose a podcast sponsorship structure

With your content in mind, you have enough of your strategy nailed down to understand what podcast advertising structure will be your best choice. There are two main types of podcast ads:

Direct response:

This is by far the most popular type of podcast advertising because it can trace audience purchases directly from the podcast. This helps you understand what the real ROI is behind your podcast sponsorships.

You can do this by using a podcast-specific coupon code (which we recommend) or direct listeners to a dedicated landing page with a special offer. Then you can track every lead that comes from the podcast.

Brand awareness:

This type of podcast advertising is harder to measure for clear ROI, but it can be a great fit for businesses who want to prime the podcaster’s audience before creating a direct response ad. It’s also great for businesses that are brand new or recently launched into a new audience sector.

Brand awareness on its own may not be able to pay the bills but audiences need to know about you before they can build enough trust to buy from you.

How-to:
Let’s say you buy four weekly podcast ads to start. Think about using one as brand awareness and then introduce your offer as a direct response ad for the next three weekly spots.

Anytime you return to their audience, they’ll most likely be aware of your brand so you can jump right into direct response podcast advertising campaigns.

Podcast sponsorship tips- choose structureUsing a coupon code or tracking visitors to a specific landing page can help you see just how effective your podcast advertising is. The podcaster may have thousands of listeners, but what kind of results are you seeing?

Being able to track actual revenue that comes from a podcast is incredibly beneficial in seeing how it may fit long-term in your marketing strategy.

Ready to pitch a podcaster for your first podcast sponsorship campaign?

We’re so excited to see you take the leap into podcast advertising! To ensure you set off on the right foot, we want to give you a few tips to help you collaborate well with podcasters.How to pitch a podcast sponsorship

Listen to the podcast host recommendations

A podcaster knows their audience better than anyone. If they’ve tested things in the past and give you recommendations on what works, make sure to incorporate these into your own strategy.

Having an open conversation about what trends they’re seeing and how you can craft an ad together that speaks to their audience will enhance your working relationship.

Let the podcast host try your products or services

Have you ever noticed that podcast hosts often talk about their own experience with a product before they pitch it on their show? That’s because their audience wants to hear from them, not you as the advertiser.

how to pitch a podcast sponsorship-let host try your productAny brand can say their product is the best in the business, but hearing the same sentiment from a content creator the audience member trusts is a game changer. To get the most out of your podcast advertising, you’ll want to let the podcast host try your product or services before they advertise your product on air. They can become a beta tester if your product is about to launch, or you can send them samples of products you already sell.

Anything that helps them create a more emotional and relatable tie to what you offer is great.

Be clear about your expectations and goals

The best podcast advertising collaborations happen when both the entrepreneur and podcast host are transparent about their expectations.

Most often the podcast host will have their own process for you to submit your ideas and brainstorm what the ad could look like. Others work more collaboratively over live calls so you can create something in the moment.

Every creator works differently so it’s important to see if their work style meshes with yours ahead of time.

You’ll also want to understand everything that goes into the podcast sponsorship package you are paying for and how you’ll both be measuring the success of your advertisements. Some podcasters may measure these results for you while others prefer to be hands-off and focus on crafting the messaging instead.

Be aware of what you both expect ahead of time to ensure the process goes smoothly.

Be respectful when negotiating

You may find that some podcasters, depending on their size, have some room for negotiation or customizations to their packages. Other podcasters will have very specific advertising packages with a “take it or leave it” approach. Neither is wrong but you’ll want to have a good idea of how much you are willing to spend before entering these conversations.

We recommend asking for their rates upfront to show that you are serious about compensating them for their efforts and advertising space.

If their rates are much higher than you expected, it’s better to send a gracious email saying you don’t have the budget right now but it’s a goal you’re working toward rather than ghosting or trying to low-ball their rates.

Before you enter in any kind of negotiation, think about what’s in it for the podcaster and their audience too. If you can make the deal sweeter for their audience, that helps you have even more negotiating power. And it will also improve your collaboration because you are going out of your way for their listeners.

View your podcast sponsor relationship as a partnership

Unlike YouTube or Google ads where you simply choose the terms of your targeted ad campaign and let it automatically run, podcast sponsorships take more collaboration and effort to become successful.

how to pitch a podcast sponsorship- treat deal like a relationship

You will still be focused on optimizing your podcast advertisements like you would for any other paid campaign, but it’s also important to keep in mind that you’re working with actual people through podcast advertising instead of computers. It may take added upfront effort but these relationships will really pay off when you approach them as a strategic partnership.

Ready to advertise through strategic podcast sponsorships?

The first step is to find the right podcasts that fit your audience type. So take some time today and search through podcasts on iTunes. Use your brand’s keyword in the search bar to find some good matches.

And if you want a wider search, don’t forget to simply head to Google and search “your keywords podcast” and see what comes up.

Once you find a couple that sound interesting, listen to a few episodes each and start taking notes on the style, types, and flow of their ads. That will help once you’re ready for pitch mode.

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Kayla Hollatz

Kayla Hollatz is a copywriter and content creator for creative entrepreneurs who want their words to connect and convert. Few things make her happier than ghostwriting for clients in her studio, aka her four-season porch with a lake view. She can frequently be found fighting Minnesota winters with a mug of hot chocolate in hand.

Experience this issue your way

Download this issue of Tradecraft as a PDF to read and reference at your own pace.

  • Nice post thanks for sharing the post keep up the good work.

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