Measuring Success of your Podcast and Boosting Audience Engagement
Podcasting has become a valuable tool for brands and businesses to connect with their audiences. However a question that gets posed by our customers all the time is: how do you measure this value? How do you measure return on investment (ROI) when it comes to podcasts? In this blog post, we will explore key metrics for measuring this and the potential ways to generate income on your podcast too.
Measuring Podcasting ROI:
Unlike digital marketing, it can be more difficult to track customer activity through podcasts, however, you can focus on the following metrics to determine the engagement of your listeners:
Downloads/ Listens: The number of downloads or listens signifies your podcast’s reach and popularity, helping you to determine its overall performance.
Subscribers: Tracking subscriber numbers helps measure the long-term success of your podcast: it is a true indicator of how engaged your audience is.
% Completion of Episodes: Monitoring how much of an episode, or how many listeners finish an entire episode is also a measure of engagement in your podcast.
Comments/Reviews: As a tip, we suggest to clients that they should encourage listeners to leave feedback as you are then hearing directly back from the customers themselves about how they view your podcast. Positive feedback indicates a strong connection with your audience, while constructive criticism can help you improve.
Linking Podcasts to Website Traffic or Conversions:
To track activity back to your website, there are a few things which you can do:
Discount Codes: By offering unique discount codes in your episodes, you can establish a direct correlation between listeners and website purchases.
Website Links: Include relevant URLs in show descriptions with bespoke tracking set up. You can then see how many customers are clicking through to your website directly from the platform they have listened to your podcast on.
Potential Ways To Generate Money From Your Podcast:
Sponsorship: Sponsorship is a great way of generating revenue. Often niche in their topic type, you can consider partnering with brands interested in exposure to your audience, creating a mutually beneficial arrangement.
Premium Content: Once you have an engaged audience, you can consider offering exclusive bonus episodes, interviews, or educational materials at a premium.
