Transcript
WEBVTT
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There's a ton of noise out there. So how do you get decision makers
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to pay attention to your brand?
Start a podcast and invite your ideal clients
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to be guests on your show.
Learn more at sweetphish MEDIACOM. You're listening
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to be tob growth, a daily
podcast for B TOB leaders. We've interviewed
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names you've probably heard before, like
Gary vanner truck and Simon Senek, but
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you've probably never heard from the majority
of our guests. That's because the bulk
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of our interviews aren't with professional speakers
and authors. Most of our guests are
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in the trenches leading sales and marketing
teams. They're implementing strategy, they're experimenting
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with tactics, they're building the fastest
growing BB companies in the world. My
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name is James Carberry. I'm the
founder of sweet fish media, a podcast
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agency for BB brands, and I'm
also one of the CO hosts of this
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show. When we're not interviewing sales
and marketing leaders, you'll hear stories from
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behind the scenes of our own business. Will share the ups and downs of
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our journey as we attempt to take
over the world. Just getting well,
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maybe let's get into the show.
Welcome back to be tob growth. I'm
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your host for today's episode Logan Miles, with sweetphish media. Today is another
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episode in our wide podcast work series
and a very excited to introduce today's guest,
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Larry Rosen, president of Edison Research. Larry, how's it going today?
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Everything's good. It's current Cloudy Day
here in New Jersey but in general
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enjoying a beautiful auto'm here. Awesome. Well, Larry, I am really
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excited to dig into some of the
research that you guys have been doing in
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the podcasting space. Before we do
that, I would love for you to
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share with listeners a little bit about
yourself and what you and the Edison Research
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Team have been up to these days. Sure. So. I'm President of
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a company called Edison Research, where, as I said, based in New
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Jersey. We just had our twenty
five birth day and the one of the
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CO founders and been at it for
a long time. We have two areas
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of sort of research expertise. The
first one that doesn't relate to well to
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what we're talking about today but people
find very interesting, is we do the
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exit pose for the television networks on
election night. So No, matter which
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channel you're watching. You IF NBC
says according to our NBCX of poll or
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CNN says according to our ce and
then exitbol there's actually just one exit bowl,
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and then that works. Pull their
money together and hire companies to do
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that. We've been doing that since
the for presidential cycle and gearing up for
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two thousand and twenty. But much
more related to today's topic, we have
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we have a deep background in any
research to do with anything in the world
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of audio, both here in the
United States and around the world, and
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so that includes pretty much anything broadcast, radio, streaming audio, of course,
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podcast, audiobooks, etcetera, really
the whole universe of audio, and
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we've been deeply researching that for all
of our twenty five years. Yeah,
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I love how you guys have been
taking all of your research jobs and applying
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them to podcasting. So, as
you and I we're talking Larry offline a
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little bit, you mentioned this research
that you guys have been doing for a
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while called the infinite dial and podcasting
has been included as part of that research
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since two thousand and six so,
as we dive into some of the questions
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I've got for you about where podcasting
is headed some of the trends that you're
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seeing. Give us a little bit
of background there. You know, what
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is this research about? How did
podcasting come into the mix? Event and
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things like that. Right, so
this is an annual survey we've been doing,
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believer or not, since nineteen ninety
eight, so over twenty years now,
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and we are tracking trends really in
the digital media space, and so
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it started out looking at just watching
video or listening to any form of audio
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through the Internet. You know,
in one thousand nine hundred and ninety eight
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are still in the very earlier early
days of really the Internet, but certainly
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of any kind of media consumptions for
the Internet, and so we've been trying
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to get on top of every trend
as they've emerged, and so we were,
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I think, rather early to start
looking at podcasting within the space in
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two thousand and six when it was
really just a baby medium. So we
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have a lot of amazing trending data
in that study or year on year since
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two thousand and six. The basic
idea of the study is, you know,
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the radio dial as it's referred to
us, to be really the sum
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total of what something could listen to
other than listening to see these or cassettes
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before that, etc. And the
implication of this idea was that that dial
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now stretched forever. Right, you
can listen to broadcast radio, but now
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you can listen to streams and podcasts
and digital audio books and any of a
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million other things, and so it's
a dial that, instead of just going
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from bed to one hundred and eight
on your upfom dial, it's a dial
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that kind of stretches on forever and
you can listen to anything you want.
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So that's the basic idea. The
research, and it's been heavily adopted by
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the podcasting industry, has sort of
the the metrics that everyone agrees on in
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terms of tracking development and growth in
the space. I love that visual analogy
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there. I hadn't even connected that
and where the name the infinite dial came
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from, but it definitely is alable
there. So what were some of the
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things that led you, guys,
Larry, to be early movers in the
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podcasting space and include podcasting several years
back, I mean close to fifteen years
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ago? You're including podcast research in
this annual survey that you do, and
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there are a lot of folks that
are just now kind of waking up to
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to this huge to uptick in the
podcast space. So what were some of
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those early indicators for you guys?
Yeah, as I said, we're deeply
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into the space. We paid very, very close attention to trends and in
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this study that we do annually we
really want to try to get baselines on
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anything that's new so that we can
trend to going forward. So in two
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thousand and six podcasting was still a
something that you had to go through a
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lot of steps to consume. In
most cases, you know, download a
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file through itunes or through some other
feed and to listen to a remotely at
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to move that file onto an ipod
or something. But it's really great that
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we got those because now we have
these amazing trending graphs that show podcasting going
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from something that wasn't very well known
to now known, known among a huge
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percentage of all Americans, of something
that was done, you know, listen
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to ever by a tiny fraction of
people, and then our most recent study,
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more than half of everyone, fifty
one percent of the US population,
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said they've ever tried or ever listen
to a podcast. So it's been,
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I would say it's been for two
of is that we got ahead of it,
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because a survey has a lot of
value, but we need trend survey
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data. That's when it takes on
often very heightened value because you see the
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changes over time, and so now
we have a long history of looking at
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those changes. Yeah, absolutely.
So we see more people listening to podcast
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we see more people listening on a
regular basis. For some of the contributing
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factors that you guys see, Larry, in what's driving that? You know,
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as you talk about, you know
o six, even you know pre
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iphone, pre smartphone. Obviously there
were some huge advancements in innovation and mobile
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technology that make podcast listenership just so
much easier today that maybe that's included.
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What are some of the other things
that you see that are contributing to this
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huge uptick in people that are listening
to podcasts, starting to listen to podcasts
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and starting to spend more of their
content consumption time with podcasts? Yeah,
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it's a lot of things. As
you correctly said, technology has been a
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big part of it. Many people
date things really changing to win, at
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least on the apple system, when
there was a dedicated APP that came with
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your IOS. When you turn on
your phone, basically to really make it
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much more easier to listen to podcasts, followed by other apps that you can
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download and things like that. So
there's the technological changes. And then you
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can't ignore the content, the explosion
content. Really there was already quite a
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lot of good content and then,
for instance, when the people at this
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American Life Launch Cereal, that's still
the one that people correctly referred to as
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the first one to get that sort
of water cooler type buzz. You know,
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if you think back, everyone had
this experience somewhere along the chain with
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Netflix. Have you watched fill in
the blank, house of cards, oranges,
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new black or something as? What's
that? It's a show on Netflix.
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What's that? It's a service that
you stream. Oh, could you
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show me how to get it,
or tell me how to get etc.
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Podcasts kind of went through the same
thing in cereal was probably the first show.
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They had that same kind of quality
to it. Have you listened to
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sereal? Know what's that? It's
a podcast, what's a PODCAST, etc.
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So you know, that kind of
dates to two thousand and fourteen.
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Is the beginning of this big rise. And now, of course, there's
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been so much content it's been created. So really anything you might be looking
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for you can find, on top
of which there's so much more marketing and
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discussion of podcasts. So they feed
upon each other and sort of created a
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bit of a cycle that makes it
bigger and bigger. And then most recently
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the streaming services, in particular spotify, but also Pandora and others, have
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really pushed podcasting much farther forward in
their apps so that if you're a regular
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spotify user and you only father it
is a music APP, now they're trying
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to make you aware of, or
remind you of the existence of podcasts and
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really enhance the ease of use of
that as well. So is it keeps
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getting new ways that people can discovered
news with new ways that people can consume
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them, and I think there's still
a lot of upside remaining. Yeah,
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absolutely. In a previous episode on
this series I was song with Sam Balter
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from hub spot. We were talking
about the change that has happened over the
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last year with Google Transcribing podcasts and
audio content working its way into Google search
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results, addressing the discoverability issue that's
been there for a few years with with
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podcasts. Curious as you're looking at. You know, you talk about technology
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kind of streamlining things and increasing that
ease of use and therefore the adoption of
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listening to podcast. What impact have
you guys seen or do you see coming
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with smart speakers, whether it's,
you know, Alexa or Google home or
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others having on this space? Larry, I think there's all kinds of potential.
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I don't think much of it has
been realized yet. In every case
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that I'm aware of, listening to
a podcast through a smart speaker in is
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often clunky and somewhat difficult. And
in particular, you know, there's really
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two kinds of podcast. There's abously
the majority of them are episodic like this,
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and so I think of weight.
Weight, don't tell me from MPR.
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It's something that maybe you could listen
for a week and then it's going
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to be hard to listen to.
So that one works pretty well because it's
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going to find the most recent episode
and play it for you, and that's
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an episode talking about the most recent
news. It's the flip side is shows
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like serials I mentioned before. Any
of these were episodic shows that had a
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beginning and they just don't know how
to get you easily to the beginning of
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those shows and allow you to listen
episode one, two, threehundred fourty five
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to the way back to video.
You know Netflix. You obviously you started
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the first one. Will just fire
up the second one. This is the
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first one, hands etc. So
they haven't really worked out the interface all
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that well in many cases getting the
show you want, listening to it,
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listening to it in the order you
want. It's just not always that easy
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to date. I'm sure they're going
to iron that out over time. So
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I do think the smart speaker is
normous opportunity for any form of audio and
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you have to be on there and
you have to be available. But to
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date podcasting isn't all that easy through
that and so unless you're going to you
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know, you can kind of use
your smart speaker. I always refer to
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it as a dumb speaker. In
certain ways you can actually stream it from
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your phone and send the signal through
Bluetooth to those figures so the sound comes
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out. That actually works pretty well, but just a normal voice interface doesn't
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work. Yeah, I've done that
with my Google home many actually. You
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know, pulled up a podcast in
my favorite podcasting out which is actually pocket
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casts and then casted it to my
smart speaker. I've also used it.
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One thing I've noticed is that with
the echo from Amazon there has to be
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a skill built in order to be
able to play that podcast, whereas with
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Google podcast, as long as you
are podcast is live in that directory,
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then there's not work that you necessarily
need to do to have your show listed
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there. Often Times it's happening automatically. So there there's a lot of things.
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You bring up a really good point. I've tried that with my smart
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speaker of playing the latest episode.
That tends to work really well, but
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if I'm trying to find a specific
episode, that may or may not,
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you know, work as well.
So I think those are all really good
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thoughts. They're Larry. You know, you mentioned that stat of about fifty
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one percent of Americans having listened to
to podcasts, and that number continues to
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grow. You know, as we've
talked about on this show a good bit,
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you know, trends tend to be
adopted at the consumer level and then
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mirrored in the BB space. So
of all the trends that you guys are
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keeping your eye on, some of
the the stats that we've talked about today.
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What are your thoughts, either advice
or just trends that you're noticing that,
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for be, tob marketers thinking about
podcasting for their brand? What should
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they be thinking about? What advice
would you give for them, or just
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perspective based on, you know,
the overarching research that you guys have been
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involved with? Yeah, I would
take the biggest thing, I'm a big
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believer ind to be marketing via podcast, and there's already a lot of product
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out there and a lot of consumption
of such things. I would say the
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biggest thing that I believe is that
you know, sort of think a straight
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sales pitch out as a podcast is, my opinion, extremely unlikely to succeed.
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People are just not going to sign
up in their spare time, if
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you will, to listen to a
sales pitch. But if you're selling something,
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presumably you're some kind of expert and
what that product or service might be,
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and that is what people would find
interesting. So if you if there
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are people who are interested in your
category and interested in what you do or
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what you sell, build a podcast
around that. You know, get don't
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get your sales team to do the
PODCAST catcher experts in creating that product,
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creating that service or utilizing that product
or service, etc. And tell the
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stories about what your product or service
does, as opposed to just, you
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know, put your sales pitch on
the air. Yeah, you know,
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you really have to inject creativity and
give reasons for people to spend their time
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and engage with a podcast. And
I mean that lesson is no different from
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what we learned with blogs and things
of that nature. You know, people
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like to learn and they like to
know their category more deeply, but but
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people don't want to be sold to
directly. Yeah, yeah, it's great
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advice. I mean it's it's content
and endown marketing one and one, that
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you're taking us back to their Larry
and and really, you know, just
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applying those same solid marketing principles to
another channel. You know, I've heard
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some great marketing minds talk about,
you know, marketing. The the tools,
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the channels, they will change,
but knowing how to communicate with people
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and knowing how to communicate with them, as you indicate, educating them and
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telling them stories. You know,
that's that's not really going to chames.
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I think that's great advice there.
If anybody listening to this would like to
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continue the conversation with you, follow
along with you in the team at Edison
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research or learn more about what you
guys are up to, the studies you're
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releasing. What's the best way for
them to reach out or stay connected with
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you guys, Larry? Well,
we're happy to hear from anyone and chap
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it any by the about anything.
We have a very active twitter feed at
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Edison Research. You can email us
info at Edison Researchcom, and you know,
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those would be the two best ways
to get in touch with us.
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You can just google. We have
tons and tons of free information sitting on
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our site. So if you just
google what you're looking for, whether our
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site and go into the search box
and there you'll find all kinds of free
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information as well. So we're always
happy to, as you put a continue
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to conversation with anyone who wants.
I love it, Larry. Thank you
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so much for joining us today.
This has been a really great conversation.
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Terrific. Thank you. We totally
get it. We publish a ton of
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content on this podcast and it can
be a lot to keep up with.
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That's why we've started the B tob
growth big three, a no fluff email
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00:16:48.730 --> 00:16:52.409
that boils down our three biggest takeaways
from an entire week of episodes. Sign
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00:16:52.450 --> 00:17:00.570
up today at Sweet Phish Mediacom Big
Three. That sweet fish Mediacom Big Three