In a recent debate amongst friends, the subject of hits came up. One side arguing they could deliver hits, hits, hits, on on a YouTube campaign, with Google Ad Words campaigns, e-mail campaign, etc. The assumption being “hits” is what brings in business. (Or at least enables them to charge more for fees)
One fellow made a quip that podcasting gets very few hits and is an ineffective marketing tool, done mostly for show. This was responded to by a fellow who had a podcast for Internet marketers and had already landed advertisers on his podcast and he had less than 1,000 total subscribers to that podcast.
How could this be? Monetizing a podcast with only a few hundred hits?
The reason, he stated, was that the advertisers asked him if he could deliver at least 100 Internet marketing executives as an audience. He said he can deliver three times that. The people who listen to his podcast are so prequalified that the advertiser knew that they were not going to be broadcasting and hoping that 50% of their advertising hit the right ears. This podcaster could deliver not only hundreds of people but hundreds of highly focused executives who make purchasing decisions.
So the point here is that quantity is misleading. A total volume of a million hits means nothing if you cannot articulate who those hits are, figure out how to sell a product to those hits, etc. Conversion of those hits into loyal long-time customers who have given you their “permission” to market to them is the gold standard in Internet.
A podcast, a blog, or a website who has 2,500, 2,000, even as little as 500 loyal, subscribing, constantly listening devotees is a worthwhile and potential income producing opportunity.