Transcript
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Conversations from the front lines and marketing. This is B two B growth.
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Welcome back to the echo chamber here
on B two B growth, where we
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throw in our two cents on what
B two B marketers are talking about on
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the internet. And today, Dan
James, I thought it would be interesting
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to talk about a report that came
out from a company called co Host,
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and they came out with this report, the State of Branded Podcasts for two
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and UH. Let's discuss this for
a few minutes. I'll set it up
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by just saying, clearly, we
are biased in our love for podcasting,
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so branded podcasts, uh is something
that you know, we do our work
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in this where we cut our teeth. So this is the stats that back
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up branded podcasts. They quote this
in the report. I thought this was
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really fascinating. So BBC conducted and
it's called an audio activated study on branded
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podcasts. I found that branded podcasts
can help lift awareness by brand consideration by
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fifty, brand favorability by and purchase
intent by I would love to dig deeper
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into those, but I think that
obviously that's a why you're seeing so many
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brands get into the podcast space.
And then this report and the reason for
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it is really to just help brands
get a clearer picture on the landscape right
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now within podcast So they were reviewing
I think four hundred branded shows that have
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been launched by small, medium and
large both B two C and B two
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B brands. So it was an
honor because we were on the list.
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Guys, So congratulations to all of
us coming in number seven. That's right.
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And I gotta say when I'm looking
at this list of shows, like
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a huge fan of Think Media and
the Think podcast Robin Hood Snacks, listen
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to them on us every day,
so it's pretty cool and ten happier,
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which was the number one. Dan
Harris also listened to that show regularly,
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so really cool. Right next Trader
Joe's. So that's right, Robin Hood
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and Trader Joe's found our little spot
in the neighborhood. We'll we'll stick our
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flag there. We're happy to be
alongside these shows. But James, when
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you see this report, I know
you've thumbed through it, taken a look.
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Just give me your initial takes as
as you look at the state of
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branded podcasts. Yeah, so I
think something you said actually before we started
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recording, Benji really resonated with me. There's reports like this, the companies
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are, you know, the state
of whatever their category is, And we
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obviously resonate with this one because this
is our space. As a report we
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legitimately could have done and co host
did a really good job with it.
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But I think when you're looking at
reports like this, it's good to kind
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of have your finger on the pulse
knowing what's happening. But you said something,
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you were like, do you want
your show to be an average of
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what everybody else is doing? And
I think there are some things is I
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look at like the most popular branded
podcast formats, it's interesting to see that
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there's only one point two percent of
shows that are fiction or narrative in the
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B two B space. That makes
a lot of sense. I'm actually of
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the belief that narrative shows and B
two B I think it's their way too
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expensive to produce for the return that
you're going to get from them. There's
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an article that we're passing around in
our side channel, so it's not shocking
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to me that only one I think
you're seeing the massive brands go that route
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and using it as like an experimental
budget. But I'm not sure that there's
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going to be a whole lot of
staying power in that format because they're so
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expensive to produce, and there's much
more effective ways to resonate with your audience
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than doing these elaborate stories. But
it requires the hard work of actually getting
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really clear on your points of view
and making sure that your points of view
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are resonant with the community that you're
trying to engage in market that you're selling
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into. So interview slash discussion,
interview discussion slash journalistic, which is like
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one interview slash journalistic five point four
percent, So you see a lot of
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these are discussion interview type shows.
And I think the story that this doesn't
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tell is that there is a lot
of creativity that can be had in those
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formats. So even looking at what
we're doing with b TWOB growth, we've
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got three kind of content franchises.
My friend Benjamin Shapiro from the Martek podcast,
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I was talking to him yesterday and
he called them like content franchises.
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So these different series that we're doing. We've got the Echo Chamber this series,
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we've got The Journey, we had
our Original Research content franchise, and
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I think getting creative with like what
angle are you coming at a particular discussion
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from and so he was thrown out
an idea yesterday he was like, what
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have you guys added? You know, a content franchise could be called the
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audit where you bring on a guest
and you have Dan just break down like
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some element of their marketing. So
before the recording, it's like, you
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know, they tell Dan like,
hey, we'd love feedback on this particular
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landing page for this new product,
or I'd love your feedback on our nurture
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sequence. And the episode is literally
just Dan talking to them live giving like
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Hey, I really like that you
did this. I'm not as big a
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fan of this. Here's what I
think you could do different here. That
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would be a really that's a different
angle on just these meandering conversations that I
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think a lot of B two B
brands. It's just a very lazy way
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to go into the show to just
say, hey, we're just going to
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talk to experts and get their thoughts. And I'd be lying if I said
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that we didn't do that for years. I mean that was our that was
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for years. Yeah, it's take
away from this look at this like being
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interview discussion. It's because it worked
like it was simple. It's the same
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thing with the early days of blogs, like this was what happened. You
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had a blog, and you stood
out because you had a blog. Like
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when you were a podcast or five
years ago, you stood out because you
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were a podcaster. That is long
gone and now this is the age of
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show development. If you want to
thrive and not just like barely get by
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or check off a box because your
CEO said, oh crap, we're falling
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behind and now we need a podcast, you have to do show development at
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a completely different level, and you
have to be intentional about why you do
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what you do. I listen to
interview shows, so I am not going
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to knock interview shows, but the
interview shows I listened to know how to
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do compelling interviews, have hosts that
are compelling, ask deeper questions, and
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probably don't just throw out the conversation
with minimal editing and just expect that people
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are going to find it, and
then you can throw dollars behind audience growth,
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but those people don't stick long term
if your content isn't compelling. So
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in my mind, you look at
this and it's like, of course,
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most shows are going to be interview
discussion because that is like what everyone's seen
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done, and people are like,
well, I can get in the game
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if I just do that. Then
it's like, okay, well how do
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I raise the bar from there to
make it more compelling? Dan, We've
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kind of locked you out of this
conversation so far, So get in jump
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in here. I gotta say,
like, whenever I see a report,
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this is the state of I'm what, James, I'm like, this is
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gonna be a crappy report. I'm
glad bbob growth got highlighted in this one.
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But to kind of give a visual
of how these types of reports work,
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imagine if I took all the cover
art from all the podcasts they analyzed,
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and I melted them down and blended
all the colors of them. What
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color do you think I'm gonna get? Like a gray? Brown? Like
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a tope, Because all the colors
blended together. If you melt them down
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like paint is gonna give you brown. That's all the data is going to
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give you. Does that tell you
anything about what kind of cover art works?
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No, it tells you nothing.
It tells you nothing. It gives
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you. Oh, the average color
across all these cover arts are brown.
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Huh, because we melted them down
and now you end up in the middle.
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It's just not helpful. If anything, it just kind of gives you
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a baseline of where you need to
break away, because if you're the same
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in all these different data point categories, you're going to fail. The problem
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is I do find that they have
a lot of power, because there's certainly
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a lot of people that come to
me in different marketing categories and they're like,
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well, everybody else says to do
it, and this date because that's
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when everybody says to do it.
I'm like, that's exactly why we should
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do the opposite. Yes, everybody
sends email on a Tuesday morning, everybody's
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read that report, so we should
probably send it on a Thursday night because
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that's when they're not getting the email. So these reports, I guess are
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somewhat helpful and that they show you
where the wide path is the well worn
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path. So you should take a
queue that on one of these different segments,
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whether on length or on type of
show or on the way they did
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this show, you need to go
completely left field and go into complete opposite
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direction. Everything else can be close
to the same, and if you take
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too much creative liberty. You end
up but just a weird mess. But
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on one or two of these data
points, you need to go in the
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complete opposite direction that everybody else is
going. It is helpful for that.
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There was one takeaway that they noted
in the report that I thought was really
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interested that since launching, the majority
of brands are still producing and releasing podcast
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content to date, with active branded
podcast releasing content for an average of three
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and a half years. The SUPs
that brands are finding success in the medium.
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You don't do something for three and
a half years, it's not working.
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Now. That was a really good
point. Yeah, this is obviously
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we're bias. This is supporting,
you know, the case for for our
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business. We're not marketing to you
suddenly getting into your brain. Yeah.
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I think these kind of reports can
definitely be interesting. Love seeing us between
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Robin Hood and Trader Joe's. That's
fun to be called out in that.
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But I do think, you know, going back to what I was saying
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earlier, you've got a zig where
others are zagging, and a lot of
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these reports, depending on how many
times they get seen. I think this
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one, I've seen it marketed a
few different places, so probably got a
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lot of eyeballs on it. So
look through it figure out like, Okay,
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what's the best practice that that we
want to stick with. But if
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we're doing everything like this report is
saying, then we probably need to mix
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it up. Benji. If we
if we talked about video yet B two
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B growth will be right back,
Benji, if we if we talked about
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video yet, Nope, no video. Yeah. I do want to bring
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that up because I think it's interesting
that in this whole report video was not
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mentioned. And in podcasting, the
shift that's happening right now is everyone's discussing
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the discover ability problem. How do
you find a new show? Right?
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You could put ad dollars behind it
to get in front of people, But
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other than that, I would say
the best way to organically grow your show
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is using video, whether it's just
micro video content. Like right now,
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for B two be growth, we're
not giving you our entire show in a
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video format, We're just cutting micro
clips from it. That's an easy way
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to start if you feel like the
production value is going to be low for
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producing a twenty minute thirty minute video
on YouTube, to start with micro clips
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is a great way to get your
podcast discovered. But then also that long
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form video I would like to see
because we're not there yet. That's actually
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a report that would be interesting to
me. I would like to see,
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you know, what's working for video
podcasts right now. And then, like
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we said, I think of you
know, seventh grade doing a science fair
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and you have your hypothesis right,
and you're only gonna change like one thing,
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and then you're going to figure out
what makes us unique what like,
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Well, let's test within the video
space as we go there. Here's what
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averages. Here's how we're gonna differentiate
off of that. So I would like
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to see more on the impact video. That's a big thing. And the
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other piece that I wanted to ask
you guys about before we just close out
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on this is if you were starting
a show from scratch, where would you
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differentiate, Like what would be the
thing that you're like, this is what
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I would do with the knowledge that
I have Now, Dan, what's your
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thought when I ask that? My
instant reaction is like, I would make
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it more video, except I would
make it audio first video, and I
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would be distributing video to all the
platforms YouTube, Apple podcast supports video,
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Spotify, supports video. The trick
is there's not a lot of hosts that
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can syndicate video well right now,
even our own host that Sounder, does
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not syndicate video content because the storage
cost the video is a lot higher for
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them, and we're still trying to
figure that out even on the back end.
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But I did find a host that
is doing it. Zen casters doing
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it, and I think that's going
to be a continued trend. Even Spotify
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anchor does it. But Spotify's big
host, Megaphone, does not do video.
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I found out yesterday they can't support
video. So this is going to
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be a thing where people are going
to like, like, say, Joe
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Rogan Show, for example, has
a video component to it. You can
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watch it on Spotify, and I've
listened to an episode because the headlines are
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like, oh, Joe Rogan did
this. I don't. I'm not a
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regular listening to the show because yeah, but I'll go and listen to it
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to see what the headlines about,
and uh, every once in a while
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I'll be like, oh, I
wanted to see like I just wanted to
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watch it. I wanted to see
what they were talking about, or I
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wanted to see their facial I just
wanted to see it, and so I
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opened up the app because usually I'm
multitask and then I open up the app
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and take a rewatch that section.
So I think there's a component to video,
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and because it's getting easier and easier
to record video by things like Riverside,
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like we're on now, it's going
to get easier to syndicate with video,
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but right now it's still early,
so people who can do it are
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going to be have an early advantage
in that way. I think it's just
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an easier win. YouTube keeps evolving
too with video, like their ad platform
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for video podcasts they just launched,
i think within the last week, and
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then also getting micro clips straight from
full episodes, like getting easier and easier
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on YouTube, and like that's how
shorts is gonna win. That's literally what
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we both showcase for and ended up
just lighting a hundred thousand dollars on fire.
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It's it's where the space is going, I mean, the automatic clipping
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of video. I would say so
in my experience Benji recently, because we
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just launched a new show with my
friend Anthony Kenneda over an audience plus and
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it's been an interesting experience because Sweet
Fish doesn't own that show. It's it's
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audience plus to show. But it
was a premise that we developed and I
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essentially pitched to them and said,
hey, what if we did a podcast
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called owned where we broke down really
popular consumer media brands and talked about the
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lessons learned for how that can be
applied to B two B companies. And
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so I think j Kenzo helped us
develop a similar premise for another show we
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were going to do the Sweet Wish
was going to own and that we ended
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up deciding to go a different direction
with that, but premise worked really well
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in this use case, and and
knowing that you can ride the wave of
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popularity. So our first episode was
on Barstool Sports. Well, because we
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are talking about Barstool Sports, we
get the borrowed credibility of the brand that
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they have built. I don't know, credibility is probably not the right word
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there, but the attention or affinity
that that brand has us commenting on it
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now all of a sudden make somebody
want to pay attention to what we're saying
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because we're talking is similar to this
echo chambers stuff, right, Like you
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know, we do an episode about
Nick Bennett getting roasted on LinkedIn or something
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that Kyle Lacey said, Well,
a lot of people know Nick Bennett and
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Kyle Lacey, so us talking about
them automatically makes the content really interesting.
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Our episode on Drift, I had
a lot of people on LinkedIn. I
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went to the episode about Drift coming
out. What happened to Drift? We
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happen to Drift. We are literally
coasting. So I think there's to go
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a little bit more nuanced on Like
what I would do if I were to
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start a show tomorrow is like figure
out what's an episode format or or a
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premise for a show that allows me
to coast on the brands, on more
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iconic brands that people are going to
be interested in. And so I think
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that's one angle. Another thing I'm
learning about doing the show with my buddy
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Anthony. Anthony, you know,
with the CMO at Gain site, really
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designed and built the customer success category, which is a massive freaking category.
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And so Anthony is really prolific in
the world of B two B marketing,
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So me co hosting a show with
him, I would consider him to be
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an influencer in the B two B
marketing space. Now he's promoting audience.
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Plus they're out of stealth mode.
They're talking, He's talking about it publicly,
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and my face now is like front
and center on their website because I'm
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co hosting this show with him,
and so I think that it's been interesting.
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Like I never really considered co hosting
media properties even if I because I
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at first I was like, man, Sweetest doesn't own the show. Is
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this worth my time? It's a
no brainer that it's of my time.
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I mean being associated with Anthony in
this way one just the relationship is going
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to go much deeper obviously having the
show, but then the combined influence of
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us both talking about this media property. It's going to help audience, plus
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that I'm talking about it. Not
that I'm as prolific as Anthony in any
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way, shape or form, but
it certainly helps grow my profile as somebody
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who wants to be known in B
two B marketing because it helps our business.
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So those are the two things,
like how can you capitalize on a
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concept and idea a brand that people
already love and how can you integrate that
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into your premise so that every episode
is going to be interesting to a pocket
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of people based on work that's been
done that had nothing to do with you,
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and then the other one is really
thinking critically about your co host.
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Yeah, it's interesting because last week
on Echo Chamber we had discussed that important
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piece of talk, like being in
the community right, talking to the community
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to figure out where you're product fits. When I think of podcasting, like
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what you're getting at, James is
like, there's brands that are already important
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to your community. There's people that
are already important to that community. So
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when we create content that's about those
people. That starts the flywheel that Dan
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had brought up, and that's how
it works in the podcasting space. So
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if we were getting at anything here, it's like knowing your community well enough
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to know the content that resonates.
That also goes back to show development and
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how much time you put in.
So when you look at a report that
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shows you the average of everything,
just a reminder that you get to choose
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what your show is and do the
development for yourself to mold that thing.
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And then the last thing is I'm
gonna walk away with an image that I
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just remembered as Dan was talking about
mixing all the paints, because I remember
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going to McDonald's and I don't remember
what we called it, but you'd get
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every soda on the whole thing.
They would dare you to do this.
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Yeah, it was called the Suicide. That name probably doesn't work in that's
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okay. Here we are saying,
don't do that because it is suicide,
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right, Like, don't get everything
in your cup and mix that together and
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think that that's gonna work for your
show. So all right, that's it
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for today's Echo Chamber episode. If
you are enjoying this, we would love
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to hear from you. If there's
a topic that you want us to talk
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00:19:22.680 --> 00:19:26.519
about on one of these Echo Chamber
episodes, hit up James Dan myself over
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on LinkedIn. We would love to
chat with you, and uh, we
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will be back real soon with another
one. Thanks for listening, everybody.
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If you enjoy today's show, hit
subscribe for more marketing goodness. And if
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00:19:48.640 --> 00:19:52.480
you really enjoy today's show, take
a second to rate and review the podcast
283
00:19:52.559 --> 00:19:56.480
on the platform you're listening to it
on right now. If you really really
284
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enjoyed this episode, share the love
by seeing it to a friend who would
285
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find it insightful. Thanks for listening, and thanks for sharing. M