From Podcast Movement 2023

What this episode covers

When Podcast Movement announced that their annual conference was going to be held in Denver this year, I got excited. I've wanted to attend this conference ever since it started, but the timing and finances never seemed to line up. This year, thanks to the generosity of Buzzsprout and the close proximity of the venue, I was able to attend. Here are some of my highlights. Podcasting is Still Growing And it appears to be growing even more rapidly with YouTube's new commitment to podcast support and promotion. It's not just YouTube. Spotify introduced video podcasts into its features last year, and new networks were represented at every level at the conference. The overall trend is that podcasting continues to expand in every direction. People Are Hungry for Podcast Curation As more podcasts are becoming available, people are looking for reliable sources of curation for the podcasts they listen to. Networks are one of the prominent sources people are turning to for this kind of service. This need for curation is also putting some pressure on podcast hosting platforms to improve the quality of their search functionality and discovery features. I was blown away by the number of new networks I saw at the conference and the variety of niches and audiences they represented. Video is Exploding As I mentioned, YouTube and Spotify have created opportunities for podcast producers to include video in their show offerings. I know the video option has been available and popular with podcasters for years, but the increased support is causing some important shifts in the podcasting industry. YouTube has risen into the second slot from the top as the most popular place to watch or listen to podcasts. Spotify has also gained more podcast audiences as it increases access to its video-based podcast services. Several speakers and panels were dedicated to integrating video into the podcasting mix. Monetization Options Are Increasing(In Some Ways) Making money from podcasting is taking on some new shapes and appearances. The standard list of options like sponsorships, paid subscriptions, advertising, and product promotion is still on top, but there are new possible income streams coming forward for podcasters, especially those who are growing large and engaged audiences. Larger broadcast and production companies like Paramount, Disney, and iHeart Media are signing successful podcasts to their networks and offering unheard-of sponsorship deals as they diversify their markets. New fan funding services similar to Patreon are also starting to spring up. Patreon has been a popular way for podcast producers to gain direct support from fans, but there are some fast-moving competitors whose presence at the conference was notable. YouTube and Spotify weren't alone in offering hosts direct support portals for fans to pay for support and premium access. The only disappointing monetization news is the continued shunning of shows with long track records but smaller audiences. Many advertisers are raising their minimum audience requirements to a point that excludes all but the most popular podcasts. I'm hopeful that this will change, but I think it will take an organized strategic effort on the part of certain agencies to create a package that will work for all involved. I heard a few Braindate discussions on this topic that I'll be excited to watch as they unfold. If you're just starting podcasting, I recommend checking out Buzzsprout. They are a small company with a big heart and do everything they can to nurture and support podcasters. They have packages starting at free, so you have nothing holding you back. Do You Want to Start a Podcast? I help people set up podcasts with a commitment to maximizing reach and keeping costs down. It starts with a free microphone placement session that you can schedule here: https://bit.ly/MicrophonePlacement You paid for a better microphone. Let's make it sound great!

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