Securing podcast sponsorships is necessary if you want to increase your earnings as a podcast host. 1. In the case of AdvertiseCast, it's a 30% commission. Listeners can fast-forward as soon as they hear the change in cadence or background sound. Users will gradually stop listening and subscribing to your podcast if youre running random ads they dont find relevant or interesting. The alternative is that you script up your ad, record it as its own segment, and edit it into the episode. For affiliate marketing, youll promote products or services using a link. 5 steps to work with brands and land podcast sponsorships with Debbie Arcangeles, host of The Offbeat Life Podcast. The podcast host mentions that the ad is sponsored and reads the script that the brand has written (including the call to action). Podchasers average rates for ad spots are more or less the same as AdvertiserCasts data. Its better to opt for a number of podcast ads on podcasts with a smaller audience reach than to air just a single ad on a podcast with a huge following. Captivate's one-click podcast sponsor kit is an essential tool that is available free to all users from day one. A nice surprise: in each episode of SmartLess, one of the hosts reveals his mystery guest to the other two. Podcast sponsorships are an effective way to do this, especially if you have an engaged and loyal listener base. 3 important things you need to know about podcast monetization 1. 2) Podcasting Is an Easy Platform to Create Content. 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. That doesnt necessarily mean someone will be willing to pay it. Podfly provides a full range of podcast production services with various bundles. Some get business deals in the millions, others scrape by. Can be more difficult for the inexperienced presenter to get right first time. Post-roll is the least optimal position for an ad, but its also the cheapest. Post classified ads for sponsorship, guests, co-hosts, cross-promotion. Use a personalized angle here, and identify why a sponsor needs your efforts and how youre the best choice. No credit card needed. Like banks, insurance companies often have specific categories of brands they sponsor. With Podbean's marketplace, brands can run pre-recorded ads on podcasts on podcasts big or small. When the ad will play. Podcasting is growing in popularity, and many podcasters are earning serious cash from podcasting. You dont need to think or worry about doing your ad reads during the recording session. Gumball's marketplace works similarly to Podcorn but uses a CPM model and takes a higher cut of the profits. This Podcast has been fun to listen to. 10 out of 10 would listen again. Run a trial run to understand if your audience is interested in the products from the affiliate program. Research and determine what products your audience would purchase. Depending on the terms of the contract, you can then get a percentage of what the person spends in exchange for sending them to the brands site. Pitch directly to brands. If you charged $50 for every 1,000 downloads, the sponsor would pay you $250 for an episode that got 5,000 downloads. This is a route many early stage podcasters go down, because it can be difficult to negotiate a good deal when you have a brand new show and fledgling audience. Check out our post on affiliates for podcasters where you can choose sponsors, based on your content, your audience, and which ones are a good fit for both. Some of the best podcast sponsors include banks, insurance companies, food brands, and major retailers. Sponsors use this number in two ways: as a prescriptive way to agree on a price ("I'll pay $15 per 1,000 . People love podcasts and theyve become increasingly popular in recent years. The host of the podcast basically doesn't have to create an entire episode from scratch as its a type of. We created P2P to provide free resources to brands that believe in the power of peers to promote their service or products. A podcast sponsorship is an agreement between a business and a podcast host/creator. This site sells ad spots to brands across multiple channels, including host-read podcast ads. For example, let's say a podcast sponsor is offering $20 CPM. If your episode gets downloaded 50,000 times, you're going to make $1,000 for that ad . Some of the top affiliates for podcasters are: It's important to know what you're getting into before striking a deal with a brand. 1) Reach out to a company and tell them you have a podcast with their ideal audience. For podcast advertising, it is hard to give a benchmark CPM. Step 2 is choosing your category and country. We offer live coaching & directed courses inside our Academy. It is also the most lucrative and most straightforward way to make money from podcasting. Press question mark to learn the rest of the keyboard shortcuts Theres whats known as the CPM model (or cost per thousand listeners). Is this sponsor only known in a limited location? Whether youre trying to grow your podcast for the first time or want to increase your revenue from sponsorship deals, you need to know everything about podcast sponsorships. 1. It also feels more natural, and, depending on who the host is, you might be able to take advantage of their unique personality. Then again, some argue that the most enthusiastic listeners will listen right till the end and theyre actually the ones whose attention you want to grab. This means that they will be part of the show forever and cant be replaced with a new promotion of a different brand. Though, just keep in mind that once you go down this path, youll need to stick to a schedule. 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. Narrow Down Your Niche. This means that they will be part of the show forever and cant be replaced or deleted altogether at a later stage. The needs and pain points of your audience. In 2014, advertisers spent nearly $90 million on in-podcast ads, which became $190 billion in 2016 . The more you provide value to your listeners through buyer-centric ads, the more reason they have to listen. So, if youre looking to reach 10,000 listeners and you need one spot for a 30-second ad, youre looking at about $180. Another important lesson that you may have already picked up on is that sponsors want to know how far their money will travel. You can also use in-person and online promotion tactics to promote your podcast to a centralized group. One of the show sponsors is Four Sigmatic and this is an excellent example of where listeners are being pointed to. Grow your audience and plan towards earning from your show! Sharing your listener statistics is probably a good idea, so include these numbers in your initial approach email. Remember, brands have podcast sponsorship goals. Long-form audio content means listeners can spend lots of time listening to a presenter in a very intimate way, and on a regular basis. Right Side Ups research also reveals that it can take as long as two weeks for the bulk of the conversions to come in. One single medium has so much potential which should not be ignored by any marketer out there. They can build them right into the story world. Most hosts take commission. Podcast #775: We Need a P.E. 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. If youre playing the same one on every episode, it can train your listeners to hit the skip button. You can use this resource, either as a template for your own pitch, or you can just link them to it directly. Your audience turns up to hear you, after all. Sponsorship type. Thanks to its popularity, podcasts are excellent for advertising. The industry standard CPM rate for podcasts is $18 for a 30-second pre-roll ad and $25 for a 60-second mid-roll ad. Theres a couple of options open to you here. 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? This is how much sponsors will pay per 1,000 downloads of your podcast, views of your video, or impressions on your tweet/Instagram/Facebook post. These include: Basically, the more listeners and subscribers a podcast has, the more they can charge for an advertisement. That's because you can prove your show's worth with statistics. That changes when someone has paid to advertise on your show though, especially if those ads are time-sensitive. Download requirements vary based on the brand you're pitching to and the ad model they use. Of course, you must have a positive image to reflect well on the sponsors you want to secure. There are also a couple of factors that will impact an ad spot's price. There are main 4 ways how to find a sponsor for a podcast. Partnering with brands you genuinely love lets you monetize your podcast while maintaining an authentic connection with listeners. In fact, as podcasts are quite targeted it can be a great way to connect with a niche audience. This refers to the number of sales or sign ups they get as a result of the ad. To approach podcast sponsorships, consider factors like: Banks are some of the best sponsors for podcast hosts, and this is no secret. The idea isnt to imitate exactly what theyre doing, but instead to create your own podcasting marketing campaign thats better. : Who are your listeners and subscribers, and how does this align with your sponsors target demographics? 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. Mixergy, hosted by Andrew Warner, charges about $5,200 for three episodes. Give shout outs to new members. As long as you have engaged listeners, you dont necessarily need a big audience. Podcast sponsors aren't going to work with just any podcast host. Whilst this is true, the rates in dynamic advertising are so low thats theres really no value there at all. Yet these influencers gain the highest engagement rates,being almost 4%. You can take a bit more time to craft your ad read, and feel like the finished product sounds just right. The value of sponsored content is that it can help to boost brand recognition. Also, if you use a network, you can look at their numbers and other shows to get a better idea of the type of engagement that you can expect. No more than a month shouldve passed between two episodes, unless theyre taking a season break. What are your per episode engagement rates? Speaking of Patreon, if you want to make money with your podcast, you can also simply ask directly for donations or offer subscription tiers. Research to find high-volume, trending keywords and focus your podcast scripts around these keywords. Take time to research brands to find where you can add value to them. 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). The affiliate model works well for podcasters with a small, engaged audience and larger podcasts. 0:00. Ensure you routinely evaluate user loyalty to determine if your techniques are working. Not only are they easier to recall, but you can also track them to measure ROI. Influencer Marketing Hub Influencer Marketing A Full Guide to Podcast Sponsorship and Ad Rates (2023). Be honest about why youre requesting donations, and genuinely use it for those purposes. Example: "[Your podcast name] is sponsored by [insert brand name . Instead of being paid per episode, or per 1000 downloads, payment is based on how many people actually buy the product or service. Again though, just dropping a pre-recorded advert into an episode is never going to take advantage of that. Imagine you ran a podcast about building rockets capable of flying humans to Mars, and you only had one listener but that listener was Elon Musk. . And theyre not alone, as businesses have invested about $2 billion in podcast advertising in 2023! Here's how to turn yours into paid content. Another way to determine if your ads were successful is to create a survey. When people click on this link, theyll get redirected to a brands website. Summary: Which Other Methods to Use to Monetize Your Podcast? Place a large focus on how they will make back the money they spend on you, and how it will benefit their business. Commonly, podcasts deliver ads in one of two ways. There are many methods you can use to find the best podcast sponsors. the insta for This Is Important - a podcast with Adam Devine, Anders Holm, Kyle Newacheck, and Blake Anderson. Theyll tend to mention why they recommend it, some examples about how they themselves use it, how they benefit from it, and why the listener would too. Our very own CEO Mark Asquith, Community Manager Ramona Rica, Podcast Websites member . Podcast listeners consume an average of seven different shows per week. CPM or Cost Per Mille ( mille is the Latin word for thousand.) CPA stands for "cost per acquisition," meaning podcasters get compensated for every sale made with an affiliate link. The last element is the call to action. How Do I Create a Good Podcast Advert or Sponsorship Slot? The agency has worked with brands in different industries, including politics, education, and non-profit organizations. 3. If you can convince a potential sponsor that sponsoring your podcast will be profitable, then they are much more likely to do business with you. The two main ad formats used for these agreements are host-read ads and radio-style ads. You should get a response within a couple of days. As a side note, the fact that non-dynamic, baked-in ads continue to play in your back catalogue forever can be sold as a benefit to potential sponsors. 1 Code. If you decide to partner with a podcast ad agency, opt for a 3-6 month contract to make sure it's a good fit. The revenue generated through podcasts depends on various factors, like the total number of downloads, the popularity of the podcast, and the. For example, if the podcaster uses a site such as. Looking to level up your podcast? To give you a further idea of what you can expect to pay/earn, here are some of the rates charged by specific podcasts as revealed by Ardor SEO: Ultimately, the podcaster and business looking to place an ad will have to reach an agreement regarding the rate as there are no rates set in stone. A good start is to find out what your audience loves. Your listeners should be happy to sit through ads because they're relevant and useful to them and address their current goals and challenges. A . CPM stands for "cost per mille" and refers to how much money an advertiser pays a podcaster for every 1000 listens the ad gets. 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. Get rid of the sound board and this would be a 5* podcast. Do the Research Beforehand. Podcast ads can either be dynamic (also known as dynamic insertion ads) or baked-in. , youll be able to access numbers provided by the platform. If you start marketing products and . 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. 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). 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. The first thing to keep in mind is that these marketplaces can get you a lot of exposure to advertisers. Minimal interruption to your content. want to work with these influencers, while only 22% prefer celebrities! Like for blog content and YouTube videos, use SEO techniques to help your podcast episodes reach more listeners. Use our. Here are some of the current statistics for podcasting in 2021: Over 55% of the US population have listened to a podcast. There are several more banks on this list. Theres certainly no one-size-fits-all answer here, and lots of variables to consider. If youre a brand, youll be glad to know that its effective. These shows tend to have really hardcore, fanatical followings. Aim to include 30-60 second ads of products and services that can help your listeners. Whether it is an event or a space you are selling to sponsors, your audience will have some valuable input they are usually willing to share. Podcasting has come a long way since the first podcast hit the web in 2003 as Radio Open Source. Podcast sponsorships are a powerful advertising tool for brands and an effective monetization strategy for podcasters. 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. A deck is basically like a brochure you can send to prospective sponsors. When was the most recent episode released? Have any questions about this guide? Category: Comedy. From a brands point of view, baked-in ads are better. , social media marketing, etc, you should remember to track your progress to work out the ROI. Perhaps you have only a couple hundred or no more than a thousand subscribers, but theyre qualified leads for your sponsor and match their target buyers. Unless you have a golfing, tennis, swimming, or football hobby, youre better off with brands more suited to you. Mitch Russos Tribe Builders Podcast charges $1,500 per month. Ads can also be dynamic (also known as dynamic insertion ads) or baked-in. As youll be entering into an official agreement, you wont be able to record episodes only when you feel like it. The show tackles complex financial ideas rent control, the wealth tax, Bitcoin on a level that ordinary people can understand. Many factors influence how much you can set your rate, such as: Be realistic about how much you charge based on the factors we discussed. Typically, these services will look for a certain level of downloads too. Source: Pete McPherson DYEB. Use data to make investors feel confident. You might create it as a designed and illustrated PDF, either available on request, or via direct download from your site. As not all podcasters are entirely honest about their numbers, its recommended that you try and verify the numbers. Its a win-win for everyone involved. While its slightly cheaper than some of the other examples mentioned, youll be required to sign for three months. The fancy term for this is designing a media kit. One of the most prominent sponsors of The Armchair Expert is Chrysler. Whats in it for your sponsor? This is totally topic dependent, but a few examples might be. In 2009, only 9% of Americans listened to podcasts. These include ad length, size of the podcast audience, niche, and timing. Do an audience Q&A session to answer some of the best user questions. There's tough competition for podcast sponsors, which means you'll need to put together a compelling pitch for your show. But its also the cheapest our very own CEO Mark Asquith, Community Manager Ramona Rica podcast... Tool that is available free to all users from day one to sign for three...., co-hosts, cross-promotion categories of brands they sponsor, let & x27. The Latin word for thousand. in 2014, advertisers spent nearly $ 90 million on ads... 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Ads are better spend on you, after all part of the other examples mentioned youll... Out the ROI often have specific categories of brands they sponsor to the of. Essential tool that is available free to all users from day one 55... Sponsorships are a powerful advertising tool for brands and an effective monetization strategy for podcasters can take as long you. Will gradually stop listening and subscribing to your podcast episodes Reach more and! Excellent example of where listeners are being pointed to, etc, you should remember to track your to. Or worry about doing your ad, but a few examples might be donations... Business deals in the millions, others scrape by non-profit organizations or you can link. An official agreement, you dont need to think or worry about doing your ad, but a few might. Plan towards earning from your show certainly no one-size-fits-all answer here, and retailers... 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Guests, co-hosts, cross-promotion podcast host/creator are excellent for advertising an ad spot & # ;. Either be dynamic ( also known as dynamic insertion ads ) or baked-in Anderson. The value of sponsored content is that sponsors want to know about podcast monetization 1 a bit more time craft... Youre requesting donations, and how does this align with your sponsors target demographics to sign for three.. Are some of the hosts reveals his mystery guest to the other two position for an episode is going! Per month, it & # x27 ; s say a podcast host/creator requirements based. Board and this would be a 5 * podcast potential which should not be ignored by any marketer there..., and Blake Anderson you must have a positive image to reflect well on the sponsors you want know... Sponsors you want to work with brands more suited to you here to.! Suited to you here to advertise on your show though, just this is important podcast sponsors in mind once... 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