Podcast advertising marketplaces are networks podcast hosts use to compete for sponsorships. When done well, these are really just another aspect of your content offering and can blend in seamlessly. While theres no set method for attracting sponsorships, there are a couple of proven strategies. For instance, you could have 20,000 podcast subscribers that arent highly relevant to your sponsor. This means that they will be part of the show forever and cant be replaced or deleted altogether at a later stage. Drag the slider to calculate potential podcast earnings. Its trusted by some of the leading brands like Dunkin Donuts, Toyota, Audible, and FedEx. 1. The marketplace takes 20% of the earnings. Usually, the host will read a scripted ad either before, during, or after the episode. And by joining multiple, you can expose your brand to a much wider audience. You can find sponsorships by joining a podcast network, pitching directly to brands, using a podcast ad marketplace, or partnering with affiliate programs. I also included the site stats: Podcast advertising is an out and out paid marketing tactic that can include: Pre-Roll "spots" that appear as a sort of intro ad before the podcast begins. This ad model is lucrative for popular podcasts but doesn't work for most independent podcasters. a host read ad can just be another part of the episode content, as opposed to sounding like an interruption. Adam Devine, Anders Holm, Blake Anderson, and Kyle Newacheck seriously discuss some very important topics. It's calculated by dividing cost by impressions, then multiplying that number by 1000. Which episodes are your most results-driven, and how can your sponsor leverage this? Ensure your approach is realistic, as insurance companies have highly targeted audiences. "This podcast is sponsored by (sponsor name), a company that (talk about the brand story and their basic values and products." . Minimal editing and production you dont need to add in any segments in the editing phase. Podcast sponsorships are usually based on the number of average downloads your podcast received. When it comes to podcast sponsorship, its a case of quality over quantity. You can do the ad during your recording, or you can record and mix one separately and stitch it into the finished episode. Again, this isnt all about how many subscribers you have. Businesses prefer working with podcast hosts that have somewhat of an online reputation. As not all podcasters are entirely honest about their numbers, its recommended that you try and verify the numbers. When going this route, the brand will pay the podcast in exchange for creating content about a relevant topic. Research and determine what products your audience would purchase. BiggerPockets, one of the top real estate podcasts in the United States, charges a minimum of $5,000 per podcast ad campaign. Or, it can be dropped altogether at a later stage. Matthew is a writer and audio producer who enjoys talking about podcasting and storytelling. Summary: How to Find Brands Looking for Podcasts? In this ad model, advertisers pay you a flat rate to promote their product or service on your podcast. After your hook, you can then continue to explore the pain points that your product can help to solve. Its a win-win for everyone involved. , social media marketing, etc, you should remember to track your progress to work out the ROI. The agency has worked with brands in different industries, including politics, education, and non-profit organizations. Personalize your pitch when you contact them, and share your mission, vision, and sponsorship goals. Done well, (and legitimately!) Mid-roll ads are the most expensive because listener engagement tends to be the highest mid-episode. Firstly, their ads will never be swapped out for another brands ad. Our How to Sponsor a Podcast article was designed as a guide for business owners whove been approached about potentially advertising on podcasts. Ask yourself these questions before seeking out brand partners: You can grow your listenership by running a podcast promo with Buzzsprout Ads. In short, youll put together all the key information about how sponsorships on your show work. If an agency charges you an $18 CPM, you're paying $18 to reach 1,000 people. Just like other types of content, your intro will need to grab attention immediately. A common misconception among podcast hosts is that the benefits of podcast sponsorships are majorly for the brand and passive income for the host. Shop Courses Episodes About Home Events Blog. Also, most listeners are much more tuned in to what the host of their favorite podcast says than what the writers on their favorite blog write. Yet these influencers gain the highest engagement rates,being almost 4%. Research to find high-volume, trending keywords and focus your podcast scripts around these keywords. Your choosing the right category in this step is especially important. 2. To put this into perspective. Around 24% of the US population (68 million) listen to multiple podcasts weekly. You usually dont need permission to sign up to affiliate schemes either, so you can run ads on your podcast from episode 1 if you want to. Pre-recorded ads are easier to run a Mid-Roll ad during a podcast interview. Step 3 is your posting frequency. Brand Awareness through Sponsored Podcasts. Sponsorship is one of the most significant ways podcasters earn money while still doing what they love. Your ad can appear in the first 10% of the episode (known as a pre-roll ad), in the middle of the episode (known as a mid-roll ad), or towards the end of the episode (known as a post-roll ad). But this wouldnt work if your sponsor specializes in all-things gardening. For affiliate marketing, youll promote products or services using a link. Include pre-roll ad? When podcasts entered the scene, people were quick to dismiss it. Podfly. Need that extra guidance? It also feels more natural, and, depending on who the host is, you might be able to take advantage of their unique personality. For a 30-second ad, the cost per mile (or cost per 1,000 listeners) is about $18. Here are the four main ways to reach out to potential sponsors. But this doesnt only boil down to the number of subscribers you have, but the quality of your subscribers and if they align with your sponsors target audience. You can use approaches like: You can motivate your audience to create buzz about your podcast with many approaches. 1. And your podcast is no exception. Sign up free. A pop-up should come onto the screen once you click "Activate" allowing you to enable the tracking. Remember, brands have podcast sponsorship goals. Mixergy, hosted by Andrew Warner, charges about $5,200 for three episodes. And yet, it puts the message across far better than any old-fashioned interruption style advertising would. Things change the minute theres money involved. Sometimes podcast sponsors give hosts a script to read from verbatim, and other times the host crafts their own sponsor message. Be realistic in how you can impact your sponsors brand. There are four main ways that you can use podcasting to make money. Podcast sponsorship is a deal between a business and a podcast host/creator, where the creator promotes the brand in one or two episodes. Subscribe to the podcast in the media player of your choice. The key to running a successful podcast is choosing a highly specific niche. Some media hosts and agencies can set you up to run dynamic ads on your podcast. . Your podcast needs to have buzz or referrals to find a sponsorship. Show Guesting. The " Planet Money " podcast from National Public Radio (NPR) is all about the economy: what affects it and how it, in turn, can affect your life. I also mentioned dedicated website sections, host recommendations, and coupon codes. Using your targeted keyword in the episode title helps your SEO rankings. Most podcast CPM rates fall between $20$25, so if you had 5,000 downloads per episode, you'd get $100-$125. Best for: Any podcaster with a highly engaged following. . Pitch Deck. After all, how can a medium without any visuals manage to attract and maintain peoples attention in this day and age? : Who are your listeners and subscribers, and how does this align with your sponsors target demographics? Sharing your listener statistics is probably a good idea, so include these numbers in your initial approach email. Plus, you dont necessarily need to have a lot of listeners already, just commitment. Theres a couple of options open to you here. Thank people for listening at the end of your episode. This site sells ad spots to brands across multiple channels, including host-read podcast ads. Network with brands or small businesses and pitch your idea to . The value of sponsored content is that it can help to boost brand recognition. Last Update: 2023-02-21. Podcast sponsorship's earn content creators significant amounts of money. There are different types of paid ads that you can run on your podcast. Podcast sponsors help you turn a hobby into an income-generating business. This type of ad is generally about 30 seconds long and aired before the podcast or at the halfway mark (in other words as a mid-roll ad). 1) Reach out to a company and tell them you have a podcast with their ideal audience. 607 posts. Do they regularly engage with them? Using an affiliate marketplace is a great way to start monetizing in the early stages of your podcast. The best way to keep up with company news is to follow the sponsor's blog and social media, and to search news sites for their name. So, if youre looking to reach 10,000 listeners and you need one spot for a 30-second ad, youre looking at about $180. While it sounds cool to think about just clicking a button and getting inundated with eager podcast sponsors, networks and hosts don't often put in all that work finding sponsors for free. In short, competitive separation refers to the amount of time that separates competitive ads (ads of competing brands) from each other. The host of the podcast basically doesn't have to create an entire episode from scratch as its a type of content collaboration, while the brand gets the chance to increase brand awareness and trust. The first step to monetize your podcast and land your dream sponsors is pitching your podcast and brand. Here, youll talk about a product or service during the recording of your episode. But sponsorships arent easy to land. CPM stands for "cost per mille" and refers to how much money an advertiser pays a podcaster for every 1000 listens the ad gets. 2) Podcasting Is an Easy Platform to Create Content. Doing this is much better than reaching out on general contact lines and never getting through to a decision-maker. There are many methods you can use to find the best podcast sponsors. That could be anything, from losing weight, to breeding gerbils, to collecting stamps, or brewing coffee. In exchange for giving the brand exposure, you earn money! Podcast advertising rates are generally calculated based on a show's CPM (cost per mile). More sponsors prefer working with this format. Information For Brands Looking to Advertise on Podcasts, Information For Podcasts Looking to Get Sponsors, How to Become an Amazon Influencer a Step-by-Step Guide, Top 10 Inbound Marketing Agencies for Enterprises. What do sponsors look for in a podcast host? Your audience will naturally build your reputation and social proof. Backblaze on Cortex. Work toward a podcast sponsorship proposal with a bank by reaching out to their marketing department. Browse the marketplace to find brands you think will connect best with your audience, and fill out the affiliate form. From the different types of ads to average ad rates, heres the most important information you need to get started. Podcast sponsorships are a powerful advertising tool for brands and an effective monetization strategy for podcasters. Here are some tips for getting started: Write a Remarkable Proposal 0:00. Ultimately, this will all depend on the particular affiliate scheme you decide to work with. Podcorn is an ad marketplace that uses the affiliate model, making it a great option for all podcasters regardless of the number of downloads. , the podcast has nearly 50,000 patrons and their subscription starts at $5 per month. The show looks mainly at Apple and programming and boasts at least 75,000 downloads per episode on average. 5. The idea isnt to imitate exactly what theyre doing, but instead to create your own podcasting marketing campaign thats better. When was the most recent episode released? Read this full article to find out how to maximize your podcast earnings and land profitable podcast sponsorships. The downside is that theres no guarantee of any commission at all. Firstly, their ads will never be swapped out for another brands ad of choice! 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