
AUGUST 4, 2023
The Tilt’s founder Joe Pulizzi shared the acquisition news on Tuesday. Today, Lulu’s Matt Briel shares the publishing company’s thoughts on the why and what’s ahead:
5 things to do
Better Build a Podcast Audience
In the podcast business, that audience is primarily viewed in downloads and subscriptions. Podcaster A. Lee Judge, founder and CEO of Content Monsta, revealed how podcasters – and other types of creators – can grow their best business asset, the audience. Here are five things you can do:
1. Tailor your promotion strategy: In the case of podcasts, Lee outlines two primary categories – entertainment and business. Entertainment podcasts aim to amuse, interest, or educate their listeners. They can vary wildly in tone and tend to be less structured. Creators are better suited to engaging with existing fan communities, using social media heavily, and collaborating with other creators in their promotion strategy.
By contrast, podcasts with goals related to a more traditional business aim to boost content output, increase brand awareness, and generate leads. They tend to be more structured and often carry a professional tone. If you have an existing audience through other channels, you can invest some budget to make use of paid promotion. You also can promote on your social media channels and owned properties.
2. Understand your audience’s viewing preference: It seems obvious enough, but too many creators fail to listen closely to what their audience wants. In the case of podcasts, determining whether to commit to an audio or video format can be a major step for creators.
Is your topic visually oriented, such as a podcast about video games? If so, the audience would probably benefit from a visual component. However, an audio podcast may be sufficient if your topic is obscure history.
Also, look at the most successful podcasts on your topic. That format probably appeals best to audiences interested in that topic. However, know your limits and do what you can and are likely to do best. An audio podcast produced consistently will be more successful than a sporadic video podcast, regardless of the audience’s inclinations.
3. Appreciate the value of quality: Lee says you can only get away with a low-quality podcast for so long. Podcasts with poorly matched volume levels, too much background noise, or even ones that just hit the wrong audio frequency pitch will struggle to retain listeners. Every creator should take the time to inspect their production quality even if they haven’t had any harsh feedback. Audiences may not even realize that’s the reason they abandoned the podcast.
4. Leverage guest popularity: It’s not necessary to build an audience from scratch. Make use of other people’s audiences. Seek high-profile guests to build your audience. Lee suggests starting with the top 20 experts in your content topic. These individuals have already been vetted for quality and, in all likelihood, have a following of their own. Once a high-profile guest appears on your podcast, it’ll become far easier to acquire other guests.
Find potential guests who are in PR mode. For example, many experts might be more receptive to an invitation when they have a book coming out.
5. Repurpose like crazy: Perhaps one of Lee’s most important pieces of advice to grow an audience is to make full use of your content. Podcasters should post their episodes to their primary sites and owned territory, like a website and newsletter. Then, make audio clips, highlight videos, and short clips to publish on social media properties with a link to the podcast’s home base. You can publish these months after the episode’s release.
– Leo Bonacci
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5 things from the tilt
- Joe spent the week listening to AI experts and marketing professionals living in the world of artificial intelligence. He has some thoughts (be warned)! (Content Inc.)
- This week on #ThisOldMarketing, Joe and Robert discuss how almost all types of content will have “at least a little bit” of AI in it. (This Old Marketing)
- Earn money for recommending other newsletters. It’s super easy so now you can generate monthly revenue for what you are probably already doing! Join Sparkloop today to discover how to get paid and grow your own newsletter.*
- Tilt Your Business: A Weekly Mastermind for Entrepreneurs in the Creator Economy hits LinkedIn Live at 12 p.m. US ET Tuesday.
- ICYMI: Podcaster Reveals His Insider Tips to a Successful Podcast With Guests
*The Tilt receives a small commission if readers (at no additional cost) make a purchase using this link.
5 things to know
Money
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More value: In ConvertKit’s 2023 State of the Creator Economy, income is the top priority for one-third of creators surveyed. That’s a 50% jump over last year when audience growth topped the list. (ConvertKit)
Tilt Take: Audience growth is always the first step to a successful creator business. Glad to see creators who prioritized audience growth last year probably have been successful and could focus more on income growth this year. -
Oops: Meta mistakenly informed some short-form video creators in its music revenue-sharing program they had huge pending payout amounts. It was just a glitch, so Meta had to correct it and tell creators it’s sorry. (Social Media Today)
Tilt Take: You can’t rely on payors to calculate correctly. Always monitor your numbers to ensure they match your records.
Audiences
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Slowing stitches: Meta’s Threads app gained over 100M users in the first week, but it’s lost more than half by a couple of weeks later, according to Mark Zuckerberg. (Reuters)
Tilt Take: The real proof of Threads’ success (or failure) stems not from downloads but from active users over time.
Tech and Tools
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Live from your phone: YouTube is adding a live format for streamers in their Shorts feed. (Tubefilter)
Tilt Take: Content on the go attracts big audiences. Glad to know these creators can go vertical and roam.
And Finally
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Mic up: The microphone market is expected to grow from $2.45 million to $3.53 million in 2028 due in no small part to the rise of creators. (DealerScope)
Tilt Take: The future is bright for creators who want to do the work.
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