Should pay for podcast downloads? — Mike Wiston // mowMedia | mowPod

Mike Wiston, CEO of mowPod, examines whether people should be paying to have downloads of their podcast. Paying for podcast downloads can be an effective strategy for reaching specific goals, such as monetization or meeting network requirements. However, without a clear goal in mind, paying for podcast downloads will only result in short-term spikes rather than long-term growth. Today, Mike discusses whether you should be paying for podcast downloads.
About the speaker

Mike Wiston

mowPod

 - mowPod

Mike is the CEO of mowPod

Show Notes

  • 02:34
    Setting clear goals for podcasts
    It is only appropriate to pay for podcast downloads when theres a clear goal, such as monetization or meeting the requirements of a network. In other cases, it is recommended that you focus on organic growth and community development instead.
  • 03:51
    Sustainably growing podcasts
    Spending money on podcast downloads with no clear goals is an unsustainable practice. Thats why mowPod prefers to work with clients for long-term partnerships rather than short-term tests to facilitate sustainable growth.
  • 05:28
    When its appropriate to buy podcast downloads
    Podcasters may pay for downloads to meet minimum requirements for staying in a network. They may also pay for downloads when they want to pre-sell seasons or serve the needs of their advertisers.
  • 08:10
    Using paid media strategies effectively for podcast growth
    Paid media should be used for long-term retention and sustained growth rather than short-term spikes. Ultimately, the strategies and methods used to acquire downloads are important in determining the effectiveness of your campaigns.
  • 09:40
    The importance of tracking data in podcast growth strategies
    You must be able to understand the audience's behavior and engagement in order to evaluate the effectiveness of different growth strategies. mowPod Boost allows you to track the process from the impression on the third-party publisher to the episode download.
  • 11:43
    Targeting capabilities when buying downloads
    mowPod uses various programmatic ad targeting strategies, including interest targeting, contextual targeting, browsing audience targeting, and building lookalike and retargeting audiences. Strategies are optimized against IAB downloads and engagement rates.
  • 13:52
    Targeting challenges with podcast players
    Podcast players do not share data on listenership, which makes it impossible to optimize campaigns and understand the behavior of listeners. As a result, mowPod created its own player to capture all the relevant data.
  • 15:17
    The cost of IAB downloads with mowPod
    mowPod Boost uses a performance-based pricing model and the cost per download is 80 cents. The pricing model is predictable for clients, but mowPod Boost isnt an effective long-term growth strategy.

Quotes

  • "There's no difference between getting 50 downloads for an episode or 5,000 or 50,000 downloads per episode if you don't have a clear path to some type of a goal." -Mike Wiston, CEO, mowPod

  • "We work with somebody for years, not for a test. I don't want to take someone's money for a test. Instead, Id love to know what the goal is from day one and work towards achieving that goal together." -Mike Wiston, CEO, mowPod

  • "Out of the however many hundreds of thousands of active podcasts right now, there is only a tiny fraction of them that are taking it seriously as a business." -Mike Wiston, CEO, mowPod

  • "If you have advertisers, or you're dropping new seasons and want to pre-sell that season, it makes a ton of sense to buy downloads, find audience, and stick to download numbers as the goal." -Mike Wiston, CEO, mowPod

  • "For the vast majority of podcasters, you should really be looking at paid media for long tail growth, long-term retention, growing that baseline." -Mike Wiston, CEO, mowPod

  • "You don't want to see a spike when you run a campaign, and then zero when you stop running it. It means you have to spend forever just to grow your listenership." -Mike Wiston, CEO, mowPod

  • "For retention from a download campaign with mowPod Boost, you can expect a three to five percent incremental lift. So, of 10,000 downloads purchased, realistically, you can see 300 to 500 on the baseline." -Mike Wiston, CEO, mowPod

About the speaker

Mike Wiston

mowPod

 - mowPod

Mike is the CEO of mowPod

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