The Podcasting Fad...

Back in 2010 we added podcasting to our business. We thought it was the next iteration of blogging so we hooked up with Podbean and started podcasting the business news interviews from Insight on Business the News Hour. For some reason we figured people wouldn't want to listen to the business newscast. Wrong, and it took us several years to figure that out. Just like the 24/7 cable news shows consumers, it turns out, want the news on their time...not ours. (Photo is from May of 2009)

Our numbers in those early days were rough. We would post up the podcast and share with our guests and they, often, just ignored the opportunity to share those links...even though we sent out a "one-page" on how to get even more traction from their interview. Some even suggested they thought the whole podcasting thing was just another "social media fad".

But, we kept it up and it's turned out to be very successful. So when I saw this article from Inside Radio it didn't really surprise me.  But it might you.  The top line is this:

    "The just-released third quarter Share of Ear report from Edison Research shows that podcasting has captured a 14% share of ad      supported audio listening among Adults 25-54, the age group that advertisers focus on more than any other. That is more than twice    podcasting’s 6% share among ad-supported audio four years go."

And when it comes to the financial side of podcasting check this line: "In terms of revenue, the Interactive Advertising Bureau/PwC outlook for next year forecasts a 31% growth rate."

We'll take that.  If you would like to read the entire piece from Inside Radio here you go!

Today we're on six different podcast platforms all fed by our friends at Podbean. If you would like to follow along just Google Insight on Business the News Hour and pick your favorite platform. Or this might make it easier:

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.

 

Retain or Replace Your Customers?

Recently we did an interview with Basel Nassar the founder of Boss Nation, a collection of dog and cat food, treats and gear. During that
conversation Nassar talked about relationships and how important those are when he is enlisting stores to carry his products. He said, "My marketing team wants me to spend thousands of dollars in social media outreach, and while that is important, I don't believe it is better than building solid personal relationships with the people who carry our brand."

He is so spot on.

That comment led me to this Marketing Tip and it's about building relationships with those who sell your product and those folks that buy your product. The bottom line is that we all, each of us, want to matter. We want to matter in our personal and our business lives. If we matter (or have a relationship) we are much more inclined to stay with a product or service and often for years.

That is true of startups and established businesses…but sometimes the bigger we get…the more distance we put between our business and our customers.

Click the player to listen to the entire story. It takes only five minutes but it could change how you think about your...customers...you know, the people who matter.

Thanks for reading and for listening.

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.