When thinking about getting into the podcast space, business leaders and companies can consider several low-risk ways to make use of this powerful communication and marketing medium.

When computers and the internet were first becoming popular, they began to change the way we do business — ranging from advertising and marketing to obtaining clients, taking payments, record-keeping and everything in between.

And with the advent of email, all of a sudden, we could send information to our clients and colleagues quickly and easily at any time of the day or night. Email assisted us in the rapid transmission of important documents, as well as gradually replacing phone calls to document information (or confirming the content of conversations after the fact).

Fast forward a couple of decades: Computers have infiltrated virtually every aspect of our lives to the point where we carry a hand-held version with us everywhere. Smartphones are not phones that also happen to have some computer features. They are computers that also happen to be phones.

Because of the many benefits of “virtual offices,” especially when employees can be anywhere in the world, we are more reliant than ever on video consultations for business meetings. In our increasingly isolated lives, we are turning to social visits on video, too. And of course, there are the countless hours that disappear into the black hole of social media (which is sometimes business-related, though often is not).

With 28% of Americans saying they’re “almost constantly” online, according to a Pew Research Center poll, I believe we are overloaded with technology. As a result, some of us are trying to mitigate the impact screen time can have on us mentally, physically, emotionally and socially. “Screen-Free Week” is just one example of efforts to rediscover the joys of life beyond screens.

At the same time, our interest in listening to podcasts has been rising steadily over the past few years. According to Edison Research’s Infinite Dial report, The Podcast Consumer 2019, the percentage of people who have ever listened to a podcast increased to 51% in 2019, which equates to an estimated 144 million people. In 2010, that percentage was only at 23%.

Why podcasts?

As the owner of a company that specializes in audiobook publishing, podcasting and publicity, I’ve seen there are several reasons why some people find podcasts to be much more appealing than video. First, there’s the portability aspect. Audio is available when you can’t read or watch anything, which increases the likelihood that the message is actually being heard.

Second, many listeners appreciate being able to enjoy podcasts while doing other tasks, such as commuting to and from work, doing household chores or working out. Podcasts can also be highly engaging, with 52% of people listening to entire episodes and 41% listening to most of them, according to that same report by Edison Research. Considering it’s often reported that our attention spans are shrinking, this is impressive for long-form media content.

Podcasts can help you build relationships with your audiences and explore topics on a deeper level. In my experience, they’re also easier to distribute and quicker to produce. In the two or three hours it might take to shoot a high-quality video, between three and five podcast episodes could be recorded (depending on how long you want each episode to be).

Hosting a professional, high-quality video requires a special skill set that not everyone has. This is why some find it much easier to feel relaxed, comfortable and authentic when there isn’t the pressure of a camera. When recording a podcast, you don’t have to be concerned with how you look or whether the lighting, background or angle is just right; you just have to show up and deliver great content.

How To Start A Podcast Yourself

When considering getting started with podcasting, business leaders and companies can consider several low-risk ways to make use of this medium.

1. Encourage your executives and senior leaders to share their knowledge as guests on podcasts. Many podcast hosts are actively seeking powerful stories and advice to share with their audiences. I’ve also found that the experience that leaders receive in preparing and learning to be expert guests elevates communication skills that transfer back to the boardroom and team leadership.

2. Start an internal podcast. This can help enhance communication, build culture and showcase the talents and accomplishments of your team and clients. Companies like Trader Joe’s, American Airlines and JP Morgan have all taken this approach.

3. Consider producing a shorter podcast series. These short series can consist of eight to 10 episodes around a central theme. In the end, you’ll have a complete set of content your marketing team can share and repurpose in a myriad of ways.

That said, there are some challenges leaders face that you could consider before entering the world of podcasting. For example, I’ve found some leaders don’t like the sound of their own voice, so they’re reluctant to record anything. Leaders are also very busy, and podcasting can add to your already-packed daily schedule, which leads to a third common challenge: the return on investment. If you don’t see the expected ROI right away, you might become discouraged.

Soon, I’ll write in-depth on how you can overcome these challenges. In the meantime, consider which of the three options above is the best fit for you and your company to start making the most of this powerful medium. Consider for yourself: What are the stories your company or brand has to share with the world?

There is no denying that the interest in podcasts has only been steadily increasing since its inception. With nearly 30 million podcast episodes and 90 million monthly listeners in 2019, there is something for everyone. By taking action on one of the areas listed above (and keeping some of the challenges you might face in mind), you can begin your own podcast journey and connect with potential clients, your team and current customers.

Want to learn more about podcasting for your business?