209: Why Audio is One of the Most Powerful Tools in Marketing, with Paul Suchman
Nov 7, 2023
42:43
auto_awesome Snipd AI
Paul Suchman, CMO at Audacy, Inc., discusses the power of audio media consumption in marketing. He highlights the scientific tracking abilities of audio advertising and offers tips on investing time and resources into podcasting. Paul emphasizes the effectiveness of organic and authentic advertising efforts and the trust people have in audio as a medium. He also explores the challenges faced by marketers without ownership of a revenue number and the growing popularity of podcasts.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Audio advertising offers precise targeting and measurable performance, making it a powerful medium for advertisers.
To achieve excellent results in audio advertising, it is important to leverage the unique nature of the medium by incorporating host-read ads and tailoring creative to its distinct strengths.
Deep dives
Audio: A Powerful and Engaging Media
Audio is a versatile and engaging medium that offers deep engagement and selling potential for advertisers. It can reach audiences throughout their daily routines, accompanying them in various activities. With the increasing consumption of audio content, it is challenging video as the dominant media form. Despite this, advertisers are not allocating a proportional amount of their media budgets, making it an untapped goldmine. Audio offers precise targeting and measurable performance, making it a powerful and effective medium for advertisers. Additionally, it provides ample opportunities for creators to connect with audiences at scale.
Audio's Precision Targeting and Measurable Performance
Audio offers advertisers the ability to build precise target profiles based on listener types, consumption habits, and preferred times of day. With the availability of P1 data, advertisers can reach specific cohorts throughout the day across multiple audio channels. Furthermore, audio allows for effective attribution by measuring outcomes such as foot traffic, web traffic, leads, and sales. Advertisers can track the impact of their advertising investments and optimize their campaigns for better results.
Getting Started with Audio Advertising
To get started with audio advertising, it is recommended to analyze your total media plan and allocate a portion of your budget to audio. Then, develop a multi-platform plan that aligns with your target cohorts. Consider objectives such as driving awareness, deep engagement, and sales. Smart planning, creative adaptation, and data-driven optimization are key to success in audio advertising. Start with a test plan, measure its performance, and iterate accordingly.
Creating Effective Audio Ads
To stand out in the audio advertising space, it is essential to consider the unique nature of the medium. Leveraging the trust and relationship between hosts and their audience is a powerful strategy. Host-read ads allow hosts to incorporate their own experiences and add authenticity to the advertisement. Additionally, creating bespoke audio ads that make use of sonic branding cues, sound effects, and the absence of visuals can engage listeners' imagination and amplify the storytelling experience. By recognizing audio as a distinct medium and tailoring creative to its unique strengths, advertisers can achieve excellent results.
Audio is the most trusted medium out there— so why aren’t more marketers utilizing it to boost their brand strategy?
Paul Suchman, CMO at Audacy, Inc., drops the studio to chat with Daniel about the power of audio media consumption and discloses how marketers can leverage it as a holistic part of their native advertising strategy.
With multiple ways to measure traffic and attribution rates, audio advertising still remains one of the most scientifically trackable mediums out there. Paul explains how to leverage those statistics and the best ways to invest your time and resources into podcasting. Later, he also breaks down why organic and authentic advertising efforts are the best strategy for any creator.
So whether you’re curious about the impact of audio or looking to start your own audio channel, you won’t want to miss this unique glimpse into the industry from one of its foremost experts!
Audio is the most efficient and effective media. Audacy’s State of Audio provides a practical playbook - planning tips, creative how-to’s, innovative trends - all to help our advertisers level up their Audio game.