April 04, 2017
UPDATE – February 23, 2019: After a break of more than 18 months, I recently ran another Overcast campaign. The numbers this time around weren’t nearly as favorable as I reported in my original report:
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I got a great deal on my spot, which I purchased in the lull between Christmas and New Years’. You can see I paid $400. The current rate sheet shows a $1,300 rate for ads in the Business category. Even though I exceeded the estimated 100 new subscribers with this spot, the cost per subscriber was quite high: $2.90 per subscriber – much more than 76¢ per subscriber I reported in the original post. I also ran another ad in May 2017 for which I paid 63¢ per subscriber.
With the current rates and estimates, you would be paying a whopping $13 per subscriber if you ran an Overcast ad in the Business category and succeeded in gaining 100 new subscribers.
That’s an astonishingly-high acquisition cost. You’d better have a robust back-end business model if you’re going to support that spend.
So, for the foreseeable future, I will not be advertising my podcast on Overcast, nor do I recommend anyone else shell out that kind of cash. There is a bubble.
By the way, if you read my income reports, you know that I enjoy earning extra credit card points on my 3x points credit card. Apparently Overcast is not partnered with Chase in this regard. I earned the usual 1x points on my Overcast advertising spend, rather than the 3x I earn for my ads on Amazon, Facebook, or BookBub.
Original post:
Getting new listeners is the most painful part of podcasting. You’ll probably do just about anything to get new listeners for your podcast. keep on reading »
March 28, 2017
If you enjoy the sensation of being punched in the stomach repeatedly, start a podcast. You put in a dozen hours to produce an hour of audio (or several weeks to produce twenty minutes), and you’ll probably never know if you did a good job. So, when you get a chance to join a podcast network, it’s very enticing. They’ll promote your show, they’ll sell your ad space, and you can concentrate on making a better show. keep on reading »