Ad Tech ‘08 took place in San Francisco last week and I managed to make a few sessions and wander the exhibition hall. Ad Tech is a digital marketing conference for media, publishing, marketing, and technology professionals. Basically, anyone who’s interested in the tools, strategy, and opportunities of online marketing. Here are some observations and data points that may help inform your customer engagement efforts.
Session: “Social media marketing—the value proposition”
Panel featuring MySpace, Target, Electronic Arts
• eMarketer magazine reported that $1.6b will be spent on social media marketing this year, and $2.4b by 2010
• MySpace had 73 million unique visitors in March, an increase of 7%
• Facebook saw 35 million unique visitors in March, an increase of 9%
• EA and Target say they’re beyond the experimental phase and plan bigger social media marketing investments (details on Target’s successful ‘07 Facebook back to school campaign can be found in my April Tendo View article)
My take:
• The early adopter marketers have learned “what works”
• Social media audiences will embrace a campaign, if it’s done right
• Social media networks are growing in size and audience demographics
• Companies should investigate social media
Session: “Marketing with downloadable media” (podcasts)
Panel featuring Jim Louderback, former editor of PC magazine, now CEO of Revision3; Kin Robles, a producer at National Podcasting System; Mark McCrery of Podtrac, a podcast ad-serving network; and Roxanne Darling, host of “Beachwalks with Rox,” a popular daily podcast in which she ruminates on anything and everything while walking her black Labrador on the beaches of Hawaii.
My take on podcasts:
• The time is right to investigate
• They can help you engage a hard-to-reach, highly desirable audience
• They present a low-cost way to reach a broad audience with viral content
• Their popularity reflects the rise in user-controlled “on demand” media
Here are some stats from a recently released Edison Media research report, “The Podcast Consumer Revealed: An Exclusive Early Look at the Growing Podcast Audience.”
• Podcast listeners are generally more affluent, well-educated, and spend more money online
• Podcast listeners represent a 50/50 split among men and women and demonstrate high levels of avoidance behavior—they know how to evade marketing
• 40% increase in consumption of audio podcasts between ’07 and ‘08
• 21% of Americans (54 million) have watched or listened to downloadable media
• Ad recall rates from podcasts are 47% higher than traditional ad spots—a highly engaged audience!
• 75% of podcasts are accessed through iTunes
• The most viewed/listened to iTunes shows get between 160,000 and 250,000 views/listens per episode
—Bill Golden, managing editor
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Thanks for your comment and the linky love to our show Bill. I agree with you - independent podcast producers in many instances are doing the heavy lifting of going out and attracting targeted audiences to their content. Why waste time aiming for millions who won’t act/buy/participate when you can reach the thousands who will?
Comment by roxanne darling 04.26.08 @ 4:31 am