Now .... advertising on podcasts.

"The podcasting landscape still remains mostly populated by small-audience amateur radio shows, but traditional media companies ranging from VH1 to NPR to CBS have added podcasting content to their media output over the past year.

Part of the reason that the podcasting has yet to go mainstream is due to the still small number of MP3 players in the market--with some reports estimating that 11 percent of Americans own such devices. Also, awareness among the general population of just exactly what a podcast is is relatively low--though its much larger amongst young adults and early adopters, says eMarketer.

It's those audiences that have made podcasting attractive to several big name advertisers, despite its small usage numbers. Already, auto brands like Volvo, Toyota and Honda are sponsoring podcasts, and the report predicts that since "podcasting is positioned to deliver highly specialized content to niche groups," that all sorts of advertisers are likely to tap into the medium."

9:21:59 PM    comment []  trackback []

Here's an extract from an excerpt of the book Connected Marketing: The Viral, Buzz and Word of Mouth Revolution by Justin Kirby and Paul Marsden (Butterworth-Heinemann, 2005):

"In the US, NOP (now GfK) research shows that 92% of Americans cite word of mouth as their preferred source of product information. Advertising company Euro RSCG has found that when it comes to generating excitement about products, word of mouth is 10 times more effective than TV or print advertising.⁸

Why should this be? Why should word of mouth connections become even more important in influencing buying behavior in an age when media formats and channels are proliferating? The answer has five facets:

1. New personal communications technologies and digital media such as blogs, instant messaging, mobile telephones, email, online review sites, and personal Web sites are increasing the speed, reach, and utility of word of mouth.
   
   Digital media's capabilities in turbo-charging the viral spread of information means that well-planned and well-executed connected marketing initiativesóparticularly those that integrate more traditional marketing communications techniques in their activitiesócan help business messages reach the mass market in a way that would require a significant investment if left to more traditional techniques alone.
   
   
2. Increased marketing literacy among buyers means people increasingly dismiss traditional marketing campaigns as biased "propADganda." Instead, they turn to trusted word of mouth sources for advice.
   
   
3. Acute advertising clutter is making it increasingly difficult for traditional marketing campaigns to break through and capture people's attention. To avoid the advertising cacophony, buyers turn to their friends for word of mouth recommendations.
   
   
4. Accelerating media fragmentation is shrinking media audiences; more channels, more media are making it harder for advertisers to find and reach their target markets through traditional marketing campaigns.
   
   
5. New ad blocking technology is empowering people to skip, stop, or avoid unwanted advertising messages and interruptive marketing campaigns.

Today, consumers are more involved than ever before in controlling communications and message delivery at a global level. And many brands are now finally realizing that "the most powerful selling of products and ideas takes place not marketer to consumer but consumer to consumer."⁹

How can you make your customers your marketers? What is your strategy to adopt new forms of communication and collaboration that both enable and enhance consumer participation in your brand? How can you empower them to believe they trust you and can make a difference? How can you make them your brand ambassadors and evangelists? How is this trust and loyalty built in an open environment where you and they 'play' together? How can you make your market a conversation in ways traditional media has failed?

There is a third space that is evolving - the social web. It is changing how we 'consume' brands and promises. And its not just restricted to the desktop - it is mobile too. Jay Rosen articulates this so well - "Jay Rosen said something terribly important that (imo) went over the heads of most people in the room. He said the nature of authority is changing in our culture, and that this directly impacts all media. He used the example of a person who goes to the doctor and gets a prescription for an ailment. The doctor explains how the medication will work. The patient then proceeds to the drugstore and receives the medicine, along with (perhaps) an explanation from the pharmacist about how the medicine will work. But then the patient goes home and gets on the internet to research the thoughts of others who've used the medicine to discover what THEY think about how it works, and this impacts the doctor's authority. The doctor is still the doctor, but gone is the automatic acceptance of his or her words as gospel."

Are there other questions or issues you think that I might add?

8:46:54 PM    comment []  trackback []

BBC News has an interesting report on an enterprising villager who has set up a private FM channel at a cost of less than $1. From the report :

[link via ContentSutra, image courtesy BBC News]

7:11:45 PM    comment []  trackback []