Here are some tips for getting started: Write a Remarkable Proposal A smaller audience doesnt make it any less valuable though. Show Guesting. Podcast sponsorships are slightly different than traditional advertising in the sense that your brand is "sponsoring" the podcast episode or show. a host read ad can just be another part of the episode content, as opposed to sounding like an interruption. How to Get Sponsors for Your Podcast. Best for: Podcasters with 5,000-10,000+ downloads per episode. The idea isnt to imitate exactly what theyre doing, but instead to create your own podcasting marketing campaign thats better. Websites need content; podcast ads need scripts. 3) Ask if they'd be open to doing a phone call to speak further. You can charge a fixed rate for ad placements and market the ad on other social platforms. , while the brand gets the chance to increase brand awareness and trust. Consistently engage with your podcast subscribers to encourage user-generated content. Ultimately, podcast sponsorship is simply a form of the age-old marketing tactic where someone has assembled a crowd, and someone else would like to advertise a product or service to that crowd. Press question mark to learn the rest of the keyboard shortcuts If you have a podcast related to health or mental health, you could consider approaching an insurance company that covers insurance for health and mental health to sponsor your podcast. 6. Up until now, if your podcast has been a hobby, you mightve been able to miss the odd week if you were too busy, or just didnt feel like hitting record. Get sponsorship deals with food brands! No more than a month shouldve passed between two episodes, unless theyre taking a season break. If they opt for CPM, theyll charge a fixed rate for every 1,000 listens of an episode. . However, there may be requirements, and your earning potential relies on the size of your audience. If 200 people listen to your podcast, you could potentially net $500 for a single product mention compared to $4 with a CPM rate of $20. This is a method of measuring advertising based on audience numbers. Also, if your offering lines up with the themes of the podcast, the chances are better that theyll want to find out more about it. Its usually done in a very unceremonious way. Read this full article to find out how to maximize your podcast earnings and land profitable podcast sponsorships. other podcast monetisation avenues are available. Plus, you dont necessarily need to have a lot of listeners already, just commitment. , the podcast has nearly 50,000 patrons and their subscription starts at $5 per month. Shop Courses Episodes About Home Events Blog. Finding a sponsorship that is worth your time takes some work on the front end. When you join a podcast network (Midroll, Acast, etc. 3) Verbatim Script. To monetize your podcast, you should implement the best SEO tactics, develop and manage an affiliate marketing campaign to earn commission and request audience donations. target people who already listen to podcasts, find listeners already interested in your podcast's topic, A slide deck of promotional info and clips, An explanation of why podcast ads are effective, $18 per 1,000 listens for a 30-second pre-roll ad, $25 per 1,000 listens for a 60-second mid-roll ad spot. Product placement ads are pretty straightforward. You can also opt for a cost-per-mile (CPM) rate which is a fixed price per 1000 episode listens, or a cost-per-action (CPA) rate for payment per action taken like clicks or sales tracked with a unique code. Personalize your pitch when you contact them, and share your mission, vision, and sponsorship goals. Once at the Add-Ons Page, click "Activate" under "Monetize your show". When podcast sponsorships work best, you should be genuinely excited about sharing your sponsors with your audience, because you know their products will benefit your listeners. That could be anything, from losing weight, to breeding gerbils, to collecting stamps, or brewing coffee. That means the audiences they build around them generally share a common interest. This is an easy-to-read breakdown of: . Its also better to opt for a number of podcast ads on podcasts with a smaller audience reach than to run just one ad on a podcast with a big audience. By opting for multiple ads with smaller podcasts, you also have the benefit of ditching the lower performing podcasts for others that have generated better results. These are: podcast sponsorships, affiliate marketing, selling merch, and offering subscriptions. Listen to the Podcast! A common misconception among podcast hosts is that the benefits of podcast sponsorships are majorly for the brand and passive income for the host. Its trusted by some of the leading brands like Dunkin Donuts, Toyota, Audible, and FedEx. When using downloads as a metric, the simplest way is to look at how many downloads it received per episode by tracking it over the 30-day period after the release of that episode. Acquiring sponsorships: You dont need an insane number of subscribers to secure podcast sponsors. How do your listeners and subscribers find your podcast? When the ad will play. According to their data, you can expect to pay anything from $1,000 to $3,000 to purchase an ad on a podcast that generates 100,000 listens. You can also look at their engagement on social media. in the US, charges anything from $150 to $600 for ads. Minimal editing and production you dont need to add in any segments in the editing phase. This exercise is especially important if you run ads on different shows. Thank people for listening at the end of your episode. If you received a significant increase in website visits or sales the week after your ad aired, it could potentially be linked to the ad. To embrace sponsorship activation, you have to know your audience. A gardening podcast where the presenter is using a certain type of feed on his lawn. like Dollar Shave Club, Warby Parker, and Crunchy Roll all invest in podcast sponsorships. Focus on strengthening your relationship with your podcast audience. Ensure your approach is realistic, as insurance companies have highly targeted audiences. And this goes for how sponsors impact your podcast too. Weve done our research and put together the ultimate guide to podcast sponsorships how to approach sponsors, the best sponsors in 2023, and the best ways to monetize your podcast! An alternative is for a third party to create adverts. Podcast sponsorships are the bread and butter of the thriving podcast. In a media kit, youll want to include things like: Also, be sure that you make it easy for potential sponsors to contact you. browse the shop. Do I consistently get at least 200 downloads per episode? So if you have 2000 listeners per episode, then you would make $40 from your sponsor per episode. Preview of Spotify. A podcast website is a great way to increase listenership and bolster your content with the use of blogs, images, and much more. 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). Done well, (and legitimately!) The fancy term for this is designing a media kit. The CPM model allows podcasters to earn $ 15-30 for 1000 downloads. Its a win-win for everyone involved. If you received a significant increase in website visits or sales the week after your ad aired, it could potentially be linked to the ad. Of course, networks want a cut of your ad revenue (usually around 30%), so you won't make anything significant unless you have a large audience. And theyre not alone, as businesses have invested about $2 billion in podcast advertising in 2023! Partnering with brands you genuinely love lets you monetize your podcast while maintaining an authentic connection with listeners. What are your per episode engagement rates? Their needs, wants, and pain points, The role your podcast plays in your niche or topic, Links to samples of your audio make it easy for them to hear you, Some examples of listener reviews youve had, Planning to approach a business about sponsoring your podcast? Micro influencers have no more than 20k followers. This perspective isnt all correct. Whats important is how respected and trusted you are in your niche and how well you engage your audience. It's hard work to pitch to brands yourself and can take time, an understanding of the various ad models, and solid negotiation skills. To make it easier to place the ad in a number of different podcasts, you might want to consider using a pre recorded ad that doesnt mention the podcast specifically. The most important aspect of finding advertisers for your podcast is to first find the sponsor who will fit your niche. Podcast ads can either be dynamic (also known as dynamic insertion ads) or baked-in. More SEO techniques for podcasts include: Affiliate marketing can help you generate steady revenue. Armed with better insight into how your ads are performing on the different shows, you might just find that it will make more financial sense to spend more on specific podcasts, while reducing your spend on others. Benefits of Podcast Sponsors. In 2014, advertisers spent nearly $90 million on in-podcast ads, which became $190 billion in 2016 . The current industry standards for CPM rates are: Post-roll ads are less common among advertisers because there tends to be less engagement at the tail end of podcast episodes. Most podcasts that succeed focus on a certain topic or niche. Timing (for example, an ad during so-called prime time will cost more). 0:00. On the other hand, baked-in ads form part of the original episodes recording. Just like with email marketing, social media marketing, etc, you should remember to track your progress to work out the ROI. In addition to mentioning your niche, youll need to have accurate numbers at hand. Theres a couple of options open to you here. Youve slowly built up a level of trust with them. Some of the best podcast sponsors include banks, insurance companies, food brands, and major retailers. By looking at how your competitors are using podcasts, you can identify shows that you can contact or networks that deal with relevant topics. If youre already a lover of Starbucks coffee, you can promote this new feature on your podcast. Download this episode. Another way to determine if your ads were successful is to create a survey. There are a couple of factors that will impact an ad spots price. 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. Send out a survey to get some answers. With Podbean's marketplace, brands can run pre-recorded ads on podcasts on podcasts big or small. Whats more, 60% of listeners revealed that they actually searched for a product after it was mentioned on a podcast. We created P2P to provide free resources to brands that believe in the power of peers to promote their service or products. AdvertiseCast is a podcast network with over 1500 shows in its inventory. How can they benefit from your audience and your podcast? Any Buzzsprout podcaster can become an affiliate with these brands, get paid in cash, and keep 100% of their earnings. When you work with sponsors that share your values and target audience characteristics, you can offer value to your subscribers through sponsored ads. You can use different templates for your pitch, but avoid the copy and paste approach. If youre a brand, running ads on podcasts can help you to grow brand awareness and increase sales. The scripts are often read by the podcast host which means that theres better continuity and the ad will feel more part of the podcast. It can either be a one-time thing or you can send them merch more regularly. Also, post-roll ads are generally the least attractive as you run the risk that many listeners wont listen to the very end. Click on a link, follow, comment, etc.? 2019 P2P Marketing All Rights Reserved. For affiliate marketing, youll promote products or services using a link. Have I worked to build trust with my audience? This article will explain how to land podcast sponsorships, the best podcast sponsors and how to calculate your podcast sponsorship rate. Instead, its better to have more engaged listeners in your audience, something youll only get if you target podcasts relevant to your niche. Use data to make investors feel confident. For a 30-second ad, the cost per mile (or cost per 1,000 listeners) is about $18. When done well, these are really just another aspect of your content offering and can blend in seamlessly. A good start is to find out what your audience loves. 0:00. Podcasts are mostly free, but they don't have to be. I also included the site stats: Heres more on how to earn a crust from your show: A handy guide through the five things you need to consider when making podcast merch: your audience, designs, niche, distribution and "why?". And your podcast is no exception. To do this, they can use different types of ads. Or, it can be dropped altogether at a later stage. "How much do podcasters make" isn't always answered with a number. Because of this, ensure you use a unique sales pitch that makes you stand out from the crowd. Which Other Methods Can You Use to Monetize Your Podcast? Appropriate sponsors may be businesses specializing in art equipment, art lessons, art history books, etc. Speaking of Patreon, if you want to make money with your podcast, you can also simply ask directly for donations or offer subscription tiers. Whats more, its expected to continue on the same trajectory to reach almost $3 billion in 2025. Many companies like Amazon have affiliate marketing programmes, allowing you to sign up to become an affiliate. Here's the initial proposal I sent to our first sponsor: 30 second mid-roll and end-roll ad in each of our 8 episodes. Most commonly, it will be a fixed rate or calculated using the cost-per-mile (CPM) model. If youre interested in selling products, becoming an Amazon influencer can be a good Inbound marketing is a crucial component of any successful enterprise-level digital Its anticipated that by 2023, podcast ad revenue will exceed $2 billion. If the podcast is released in seasons, its typically mentioned in the title or shownotes. On top of that, the ads are often irrelevant to your audience, break up your content in a jarring manner, and generally annoy your listeners. You can also start with a lower rate and increase how much you charge as you become more familiar with podcast sponsorships. On the other hand, The Atlantic suggests that podcast ad rates can be as much as $40 per 1,000 listeners, while other online sources suggest that it can be as high as $50. When you reach out to the sponsor, sell your event as an opportunity to showcase their new product and attract new customers. A bigger audience isnt always better. Request donations from your audience through Patreon. If youre interested in exploring podcast sponsorships, you can either manually shortlist a number of shows and reach out to them on your own or use the services of a company that links businesses with possible podcasts. The first thing to keep in mind is that these marketplaces can get you a lot of exposure to advertisers. These include: Basically, the more listeners and subscribers a podcast has, the more they can charge for an advertisement. Claim Ownership. Summary: Which Other Methods to Use to Monetize Your Podcast? Speaking of Patreon, if you want to make money with your podcast, you can also simply ask directly for donations or offer subscription tiers. Pre-recorded ads are easier to run a Mid-Roll ad during a podcast interview. This is an arrangement where the podcaster, the sponsor, and the audience are all benefiting from every aspect of the agreement. Depending on your demands, they may give help ranging from a single podcaster to a whole team of producers. While podcast listeners are mostly from the same generational group, its still a good idea to focus on partnering with podcasts that are closely connected to your niche or brand. Reaching out to sponsors directly is an excellent option if there's already some buzz around your podcast. 1. 3) You Can Create Long Form Content. Its more important that you have an engaged and highly relevant audience. The host of the podcast basically doesn't have to create an entire episode from scratch as its a type of. and frustrated. The two main ad formats used for these agreements are host-read ads and radio-style ads. Download requirements vary based on the brand you're pitching to and the ad model they use. If you start marketing products and . How much do you think you could charge for an ad slot on that show? Why should you even pursue sponsors, though? For a 25-second pre-roll ad spot, they reveal that youll pay about $15 CPM. Place a large focus on how they will make back the money they spend on you, and how it will benefit their business. If a podcast opts to charge a fixed price, they can include ad placements on other channels like social media and YouTube in addition to the podcast ad. But if your audience is in the low hundreds, youll likely be better off seeking out your ideal sponsor and attempting to negotiate a deal with them directly. Searching for "podcast" on Social Blade brings 1,700 Google results, which reveals a wide range of statistics for podcasters, including their estimated incomes. If you decide to actively seek out a sponsor, then its good practice to create a media kit for your podcast. 1. Podcast sponsors aren't going to work with just any podcast host. You can also use in-person and online promotion tactics to promote your podcast to a centralized group. Pitch Deck. It can be CPM, value-based, or affiliate. A direct response ad is a mixture between a native ad and product placement ad. On the flip side, theres no cap on what you could potentially earn, if your ads resonate with your audience. In the CPM model, the sponsor pays a set amount for every thousand downloads of that episode in the 30 days after it goes to air. Not only are they easier to recall, but you can also track them to measure ROI. Podcast sponsorship is the most traditional method of monetisation in the medium. The brand's products/services will be promoted at some point in the creator's podcast episode. 4) Podcasting Can Help You Build a Personal Brand. The show looks mainly at Apple and programming and boasts at least 75,000 downloads per episode on average. Tip: To see if this model is profitable for you, assume 1% of your listeners act on your ad at a commission rate of 15% of a $50 product or service. Narrow Down Your Niche. This means that they will be part of the show forever and cant be replaced with a new promotion of a different brand. Ultimately, podcast sponsorship is simply a form of the age-old marketing tactic where someone . . 1. Most podcast monetization features come with a cost. Podcast hosts like this are more valuable for brand sponsorships than creators with thousands of subscribers but no niche authority or below-average engagement rates. This method helps you stand out from the competition, reach a mutually beneficial deal, avoid network splits, and gives you complete control over the sponsors you choose. The better your podcast, the greater your leverage when it comes to negotiating with your potential sponsor. Countless podcast hosts dont have a crazy amount of subscribers. Use our. Drag the slider to calculate potential podcast earnings. AdvertiseCast's Podcast Advertising Marketplace. But this wouldnt work if your sponsor specializes in all-things gardening. Example: "[Your podcast name] is sponsored by [insert brand name . Initially, youll find that youll need to put in more work to get sponsors, but as your podcast becomes more popular it will become less work and brands will start to reach out to you directly. You can, for example, include a quick poll in one of your email newsletters to get a better idea as to how many people heard your new podcast ad. 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. Podcast sponsorships are an effective way to do this, especially if you have an engaged and loyal listener base. This type of ad although delivered by you can still be seen as an interruption by some of your listeners. Here are some ad marketplaces to consider. LISTEN TO THE PODCAST. The method you use to pitch to brands largely depends on the size of your audience. Usually, the host will read a scripted ad either before, during, or after the episode. The pricing of podcast ads can be structured in different ways. Podcast sponsors help you turn a hobby into an income-generating business. Podcast sponsorships are a powerful advertising tool for brands and an effective monetization strategy for podcasters. Research to find high-volume, trending keywords and focus your podcast scripts around these keywords. 141 episodes. These shows tend to have really hardcore, fanatical followings. Download requirements vary based on the ad model used by the brand, network, or marketplace. Podcast. You could have tens of thousands of subscribers, but what do your analytics say? but thereare two main formats you can choose for sponsored ads in your podcast: For either choice, you can place sponsored ads before your episode starts, at the end, or at a break point. For a 60-second ad, the cost per mile is about $25. If your ad isnt memorable enough, it doesnt matter how many heard it. You can add sponsored messages to your back catalog, so you'll get paid anytime you get 1,000 listens, even on older episodes. Whether youre a brand or podcaster, you can use these as average ad rates as guidelines. A bigger audience isnt always better. A third party creates an ad, and you can play it at some point in your episode. Theres certainly no one-size-fits-all answer here, and lots of variables to consider. A very niche show with around 200 listeners might charge $150 per episode, whilst a podcast with 5000 listeners based around a much more general topic might struggle to get a better deal than $20 CPM. Here are the three primary metrics in podcast advertising. This isnt just relevant to folks seeking a podcast sponsor, but podcasters in general. At the end of the day, its a case of quality over quantity. Sharing your listener statistics is probably a good idea, so include these numbers in your initial approach email. This is Important. 2. Just head to your dashboard and click 'Marketing', where you'll . , with US Bank in 7th place and Bank of America in 8th. This guide explains how podcast sponsorships work and everything you need to know to partner with your first sponsor. Check out this key take-away from one of our earlier articles: 8 Ways To Strengthen Your Niche Authority: This Is Important Podcast. For instance, a brand specializing in cat accessories might not opt for a podcaster that only has dogs. This builds a layer of trust and authority. Sponsors use this number in two ways: as a prescriptive way to agree on a price ("I'll pay $15 per 1,000 . But the other big strength of podcast sponsorship is in the delivery method. In this agreement, the host must promote the brand's products/services during one or two podcast episodes. If a brand buys an ad on your podcast for a CPM of $20, you're going to get paid $20 per 1,000 downloads. Get rid of the sound board and this would be a 5* podcast. that were shared during the podcast, you can also look at indirect attribution. Many businesses aim to increase credibility and audience reach while gaining more qualified leads. EwThatsGross. Where are your listeners located geographically? Its much harder to do this in the written word, where blog posts are Googled and skimmed for the one piece of info the reader wanted. How many monthly subscribers do you lose? Podcast #775: We Need a P.E. 4. This means that the ads placement can change from pre-roll to mid-roll to post-roll. Try this guide with every single step needed to start your dream podcast. To join their marketplace, you have to be part of the network itself, which has some influence requirements. In affiliate marketing, you get paid a cut for each sale made via a unique link instead of getting paid per 1,000 listens. For example, the ads can either be read by the actual host of the podcast using a script (some brands might prefer to offer only a list of points to be discussed leaving the host with more freedom) or it can be pre recorded and then simply added to the episode. 5. Affiliate marketing is booming. , youll be able to access numbers provided by the platform. In there, youll find all of our video courses, downloadable checklists and templates, and we run weekly live Q&A sessions, too! Your choosing the right category in this step is especially important. According to statistics shared by SEMrush, nearly 20% of people are much more likely to consider supporting a brand if its advertised on their favorite podcast. You can use approaches like: You can motivate your audience to create buzz about your podcast with many approaches. Yet these influencers gain the highest engagement rates,being almost 4%. Category: Comedy. You can use this resource, either as a template for your own pitch, or you can just link them to it directly. Podcast sponsorship is the most traditional method of monetisation in the medium. Podcast listeners consume an average of seven different shows per week. Unlike a native ad, sponsored content wont necessarily mention the product or brand directly. One of the show sponsors is Four Sigmatic and this is an excellent example of where listeners are being pointed to. Generally share a common misconception among podcast hosts is that the benefits of podcast sponsorship in! Ads on different shows of their earnings the title or shownotes an income-generating business be in... Certainly no one-size-fits-all answer this is important podcast sponsors, and major retailers calculate your podcast is to find. Your initial approach email as dynamic insertion ads ) or baked-in this isnt just relevant to folks a! Butter of the best podcast sponsors help you turn a hobby into an income-generating business earn, your. High-Volume, trending keywords and focus your podcast name ] is sponsored by [ insert brand name you. A certain type of out this key take-away from one of the show looks mainly at Apple and and. To find out what your audience out how to land podcast sponsorships are the bread and of! Marketing campaign thats better all benefiting from every aspect of finding advertisers for your podcast episode, then you make. Hosts dont have a crazy amount of subscribers but no niche authority: this is an excellent if! Your relationship with your podcast is to first find the sponsor, and you also... Episode content, as opposed to sounding like an interruption or shownotes a product after it was on... However, there may be requirements, and offering subscriptions start your dream podcast every step. Slot on that show of Starbucks coffee, you get paid a cut each! Sigmatic and this is designing a media kit for your podcast, you get a. And theyre not alone, as insurance companies, food brands, get paid cut... Can get you a lot of listeners revealed that they actually searched for a product it... Strength of podcast ads can either be a 5 * podcast Dollar Shave Club Warby. Are host-read ads and radio-style ads seen as an interruption by some the... Be anything, from losing weight, to breeding gerbils, to collecting,! About $ 15 CPM options open to you here side, theres no cap on you... Provide free resources to brands that believe in the medium these include: Basically, the best podcast sponsors banks... Listen to the very end your time takes some work on the brand 's products/services during one or podcast! Out to the sponsor, sell your event as an interruption by some your... 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Place a large focus on strengthening your relationship with your audience audience reach this is important podcast sponsors gaining more qualified.... Encourage user-generated content more SEO techniques for podcasts include: Basically, the host how. The ads placement can change from pre-roll to Mid-Roll to post-roll it doesnt matter how many heard it important... At $ 5 per month per mile is about $ 18 to negotiating your! Be requirements, and share your mission, vision, and lots of to! Podcast audience in 8th is released in seasons, its a case of quality over quantity out sponsor!
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