Jan 2021 RadioWorks Blog
Unlike fans of this visual medium and its influencers, fans of podcasters are engaged in a way that personalities on social media simply can’t compete with. These new influencers lock in their audience for 30 to 90 minutes at a time, with no interruption. This presents unrivalled value to brands and this powerful engagement that podcasters command, could lead to a new chapter for Influencer Marketing.
The future is certainly bright for the industry. In the UK, podcasts reach close to 16 million listeners each week, and according to Statista, reach is forecasted to grow to almost 20 million listeners by 2024. Additionally, the financial backing and major investments from the likes of Spotify and Amazon, who have spent over half a billion dollars combined, signals very promising things to come.
Sufficed to say, it’s clear podcasts are gaining huge traction with listeners. Its variety of content and its capacity to connect with a community of people, wherever they are, for as long as 90 minutes, is something brands should be tuning in to. This level of engagement and influence can provide advertisers a fast track to real fame. Unlike its visual counterparts, listeners are deeply invested in this long-form content. This environment is ideal for brands to thrive and by incorporating podcasts in the mix, advertisers could see a huge uplift in salience, in an otherwise overcrowded market.
Interested in learning more about podcasts and how they fit in your brand strategy? Get in touch with the team today.
As the temporary norm evolves, we’ll keep updating you with the latest news and research, and why audio is such an important tool in light of the current climate. For more radio or podcast advertising insight, call a member of the team or get in touch here.
For more industry news and views, visit www.radioworks.co.uk/latest-radio-news/
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