An Update on ADM Projects

Since joining the Association for Downloadable Media staff…ok…since becoming the ADM staff in January, we’ve focused on some very key projects. I wanted to take an opportunity to update both members and potential members, of their progress.

These projects directly reflect the focus of two main initiative of the ADM in the last six months: Provide value to our membership and build awareness.

Clearly, any member organization must provide value to those who, through their membership, show belief in the mission and provide funding to advance that mission. It’s our goal to provide real tools and resources to help those who produce and distribute downloadable content to monetize that content.

To that end, I’m happy to say that we’re just weeks away from launching an ADM Member Directory. This directory is designed to be a point of direct access for advertisers and media buyers to the offerings of our membership. ADM members will be able to post information about their shows, the audience they reach, and the various types and amount of inventory they offer, as well as the all important contact information that will allow buyers and advertisers to reach these providers.

As far as I know, no directory currently exists that allows those with marketing and advertising money to spend  such easy access to a wide range of outlets and the audience they provide in such a fast growing medium. ADM Committee members Dave Hamilton and Matt Snodgrass are currently tweaking the current beta version of the Directory, so look for information on the member release soon.

eMarketer Headline Needs a “Yet”

On Wednesday of this week eMarketer released data indicating, as they trumpeted, “Podcasting Not Too Profitable.” A headline that got my attention, as it would anyone who is dedicated to monetizing any kind of downloadable media. The last thing we want to hear is that money isn’t being made by people generating incredible content. I mean, really, who wants to go after a piece of pie that represents “less than 0.2% of Zenith’s projection for the total online advertising space.”?

However, once you look past the “glass half empty” headline you’ll see real opportunity. Opportunity to do so much better. Opportunity that was really the reason a group of forward thinking people decided to form the Association for Downloadable Media.  How about, “Podcasting Not Too Profitable…Yet!”

First, let’s look at some of the facts about podcasting consumption. After all, you can’t make money on a product or service unless there are people using it, right? Well podcasting is being used…alot. This fact will be reinforced by data to be presented during our May 21st webcast with Edison Research’s Tom Webster and that same fact was noted in data the aforementioned eMarketer have themselves touted as recently as March 9th of this year. “As a percentage of Internet users, podcast downloaders will grow from 9% in 2008 to 17% in 2013.”

To be clear, when eMarketer states that “The appetite for podcasts is fairly light” they are referencing the appetite of media buyers, not podcast users. So, it’s not a matter of finding audience, it’s a matter of increasing the appetite of advertisers for, or even making them aware of the existence of, that audience.

We must seize the opportunity. Or as Tom Webster says in his Infinite Dial post, “Projections generally describe a possible future–perhaps even a probable future–but not the only future. The key is, what are podcasters going to do to change it?” Downloadable media producers (in this case podcasters, must work harder, whether it’s  an organized manner through the ADM, or by individually approaching advertisers to sing the praises of reaching consumers through this new and highly personal medium.

Join Us For “The Podcast Consumer Revealed” Webcast

Included in the mission statement of the ADM you’ll find, “To provide leadership in and organization of advertising and audience measurement standards, research, education and advocacy to all those involved in downloadable media…” In keeping with that mission we present “The Podcast Consumer Revealed – 2009,” webcast on May 21st, 2009, at 1:00 EST.

In this public webcast, ADM Member Tom Webster from Edison Research will  present the fourth iteration of this widely-cited, authoritative look at the growing audience for audio and video podcasts. The event will be free and requires pre-registration at https://www2.gotomeeting.com/register/502857363.

In the recently published Edison Research/ Arbitron 2009 update to their “Infinite Dial” study, results offered up hints of good news for podcasters. With awareness of podcasting increasing from 37% to 43%, and the percentage of Americans who have ever listened to an audio podcast growing to 22%, podcast consumption appears ready to break into the mainstream. According to Edison Research’s Tom Webster, “If you are in the business of creating downloadable media, this is key, significant research that you won’t want to miss.” He goes on to say, “This report and webcast will look at demographics and usage, key audience behaviors, content preferences, and attitudes towards advertising and sponsorships.”

The webcast will last one hour and will include time for your questions. Participants will also be able to download the presentation prior to its wider public release.

Please join us for this ADM event.

What RAJAR’s Recent Podcasting Data Means for Podcasters

The UK’s radio ratings service, RAJAR, recently released the findings of its latest study of Internet-delivered audio services, including a healthy section on podcast consumption. Here are some of the principal findings, and a few thoughts on what they mean for podcast content producers:

1. The overall podcast audience continues to show significant growth: the overall UK figures rose from 6 million persons indicating they had ever downloaded a podcast in May 2008, to 7.2 million today. Also in that same period, the number of persons indicating that they listen to a podcast each week rose from 3.7 million to 4.1 million.

Two things strike me about these numbers–first, of course, podcast consumption continues to grow at a very healthy rate. More significant to me is the fact that 57% of the total podcast audience listens to a podcast each week. That, combined with the fact that the number of podcasts subscribed to increased from 3.6 to 4.4 is clear evidence that listening to podcasts is becoming more of a habit, and less of a novelty, for the majority of this ever-growing body.

If you are monetizing podcast content, habit is most definitely what you need. It is vital for content producers to encourage, promote and even reward regular, timely listening–again, the fact that podcasts can be consumed any old time is a benefit to the listener, but means that ‘campaigns’ can stretch for weeks–even months–and occur asynchronously. The more podcast producers can create and reinforce the habit of listening to a podcast, the more they can control variables and show demonstrable results for advertisers within a finite window of time. So listen whenever you want–but listen this week–and be creative about how you encourage your listeners to make the habit.

2. 33% of podcast listeners responded positively to the idea of podcasts without advertising that would have to be paid for. However, the same study showed that the number of podcast listeners who had actually paid for a podcast remained unchanged–3%.

Spreading the Word on the ADM

Whether you’re a member or just a fan of The Association for Downloadable Media, we hope you will tell the world. Click on our Link Kit page and pick out a badge or banner to display on your website or blog. We’ve made it easy by supplying you with all the code you need. In fact, we used it ourselves for this post.