22 minutes | Dec 1, 2019

#28 - Shayne Brian - 9 ways to monetise your message with podcasts

Shayne Brian (linkedin) is the Director of Voice at Elevate Radio & Podcasts, a company that helps other companies start, run and scale podcasts. And they are good at it :D Shayne was invited to the DMSS 2019 where he talked about how to use podcasts to elevate your message. If you are interested in to podcasting, here is the FREE offer that he talked about on the podcast, you can join the Podcast Essentials Program for FREE (valued at $197).  And, check out his presentation, a video recorded at one of his previous conferences. Here the transcription of the talk we had: Shayne: Think about some of the big podcasts isn't what they're known for. In fact, the reports just come out this week. The number one podcast for 2019 in every single country is Joe Rogan, then there's also GaryVee, and John Lee Dumas. They all have massive followings because they have shows that's consumed almost daily. Peter: Hello and welcome to the Time for Marketing podcast. The podcast that brings you the best marketing conference presentations in five minutes directly to your podcast. Every 14 days on Mondays in your-- whatever podcast that you like to use. My name is Peter, and I'll be the host for this show today, and the same way as I've done the previous 27 episodes as this is episode number 28. Of course subscribing, and viewing, and subscribing to the newsletter and everything else that you have to do so that you get the next episodes that we already have lined up. It will be very interesting. Today with me from the other part of the continent, not continent. The other part of the world, is Shayne Brian. Shayne, hello and welcome to the podcast. Shayne: Hi Peter, and thanks for having me on the podcast. Yes, I'm sitting here in the heat in Australia getting ready for another hot Christmas. Peter: I envy that so much. I love the snow that we're getting, but on the other hand, I love being able to sit on the-- I imagine you sitting on the beach drinking cocktail and [crosstalk] Shayne: I'm sitting on a beach drinking beer while I'm talking to you. Peter: All right, excellent. Shayne: No, I'm not really, but that would be lovely. [laughter] Peter: Shayne, you are the director of voice at the Elevate Radio and podcast company. Tell us a bit what you do, what your company does. Shayne: We actually help people create podcast, so we help people produce podcast, distribute podcast. I actually started out in radio of being in radio for many many years, and I just love the whole environment of radio. I love music, and that was one of the things that really attracted me to creating Elevate Radio. It originally started as a radio station called Soul Traveler Radio, and we changed the name just last year to Elevate Radio. Over the last three years, we've seen podcast just come out of the woodwork. In fact, five years ago I was trying to convince businesses that they needed a podcast and they're like, "What's a podcast? You're crazy. No one's going to listen to a podcast." And here we are talking about podcast. Peter: Yes, this is the position where I feel that in your Europe, a lot of companies still sit. I feel that podcast in the United States have blown up immensely, but in Europe it's still going why. This is why I was interested in having you to the podcast to try to talk to companies and all, and why they should do that. Shayne: Yes. I just want to say, 95% of the podcast at the moment reside in the US, so the US have really embraced it. The other countries are really picking it up Europe and Australia. Don't be surprised if you start to see the podcast really start to become bigger and bigger in Europe. Peter: If you are one of the podcast, you are one of the hundred thousands. If you're one of the vlogs, you're one of the hundred million vlogs, so the option to get there it's still much better actually, right? Shayne: It is. Yes, it is. I'll actually present some of those figures in the talk. Peter: That's good for the podcast because you had a presentation at the Digital Marketing Skillshare, of course 2019, in Bali. How was the conference? Shayne: Fantastic. Actually, one of the best conferences I've been to. It was pretty funny, because it's very much SEO social media marketing conference. I contacted the lady that organizes it, Lisa, and the gentleman that runs it, Bree, and I said, "You need a podcast, or you need to be talking about podcast at your conference." They're like, "Why? Why are we talking about podcast? It's digital marketing." Then when I actually spoke, they realized that it's very much a massive part of digital marketing these days, and it can be something that a business-- Well, it's something the business should be thinking about as part of their digital marketing strategy. The conference itself, fantastic. Met a lot of amazing people, a lot of amazing guys. Actually, met the guys from Authority Hacker who are based in Germany. Their whole business that they run is based around a podcast, because the podcast works. Peter: Yes, and for whenever who is interested in doing any SEO, the Authority Hacker podcast is one of my favorite podcast. That means a lot. Dave elevated their business well once they've started doing a weekly podcast, and really sticking to the schedule of once a week immensely. I've been trying to get them to this podcast, but wasn't really able to get through any of those two guys, but I will get them. I will. All right, your presentation was nine ways to monetize your message using the power of podcast. I think that this is the time and place where we should go to your presentation, so Shayne here are your five minutes. Shayne: Thank you. I'm actually going to not go too much into the nine ways, and I'll give you a link to the full podcast for the full presentation at the end of the podcast. What I really want to talk about is stories, and I want to talk about the reason why we love podcast so much. Pretty simply, the world love stories. Since the beginning of time, we've actually thrived on hearing stories. What started as stories told around campfires of Gods and monsters. Developed overtime, and yet even with all of the advances in technology at the start of the last century, there we were again telling stories on radio players like the famous War of the Worlds that cause mass hysteria. Stories can motivate, thrill, scare, or simply portray a snapshot of our lives. A moment in time that our message, our greatest truth hits the ears of our audience for the very first time. The moment when you can hear a pin drop, a heart beating. Out of the silence, comes our story, your story, the story that you've been dying to tell. Now, when I first started in radio. I was told that I didn't have a voice that was good enough. Then for the next 20 years, I hid my voice. I did everything in radio except go on air. It was easier for me to become invisible than to suffer the embarrassment of having a voice that wasn't good enough. Now years later, I met my wife for the very first time. During that very first coffee date, she said, "Wow, you must be an announcer because your voice is perfect for radio." It took 20 years of hiding, and in one moment everything became crystal clear to me. Something triggered in my brain, and I knew that I had to let the old story that I actually let that old story become my reality, and that I had to now let it go. Now, when I mention it to people, they can't believe that I allowed that thinking to beat me, but that's why I love doing what I do because you can never ever underestimate the power of a story, and the effect it can have on you, and on others. The question remains why podcast? Well, because it's the fastest moving media on the planet right now. Now we know that everybody loves to hear a story. We can understand that it's surpassing growth rates of social media, and that there's no chance of slowing it down. In fact, 2020 is being heralded as the golden year for podcast. In the last 12 months, podcast consumption growth rate has become so big that the Spotify CEO Daniel Ek set aside 500 million dollars at the start of 2019 to acquire a podcast start-up companies. Now, it begs the question, why would a streaming music services spend that much on podcast? Here's the truth. The average age of podcast listeners is 25 to 34 with 35 to 44 coming in next. I have to say it's actually becoming an even greater area with 45's to 54's now listening as well. Podcast ad revenue has grown as a result of the increase in the market, has grown 1,000% in five years. Now, if you just think about that for a minute, it's actually staggering. According to recent reports by iHeartMedia, their digital revenue which includes podcasting increased by 33% in the third quarter in 2019. Traditional revenue decreased by 0.6%, so what does that tell us? Advertisers are placing more faith in the emerging podcast scene. To back this up, Forrester Research has predicted that podcasting will be a 1 billion dollar market by the end of 2020. If you are incorporating podcasting into your marketing plan then that is a massive chunk of income and potential business that you're letting sit by. It's time that your business jumped on board the bandwagon. According to Statistics, musicsgoomf.com, and also the companies, Nelson and Edison. In 2019, there were 700,000 active podcasts, 29 million podcast episode and the average listener consumed seven different shows per week. To top that off, 45% of the listeners are well-educated and have a high income. Now, think about this for a minute. Not only are they smart, they're spoiled for choice and they listen to a lot of shows. You have a lot of competition and it will only increase in the next couple of years. I didn't mention these statistics to depress you, instead just to help you see that if you really plan out your podcast well it can bring in well-paying clients that are dedicated to devouring your shows every week. What does th
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