Business Tools & Marketing Explored
By Rose Leadem
Today we discuss the growth of podcasts and why it matters, because whether it’s for a laugh or to learn something new, nearly 68 million Americans listen to podcasts on a monthly basis. That’s nearly one in four people across the country.
And who are these podcast listeners? For the most part, they tend to be millennials. In fact, of the 68 million listeners, 44 percent are between 18 and 34 years old. Not only that but they also tend to be people who hold a bachelor’s or graduate degree (57 percent).
Not only are podcasts an easy and digestible media form, but it’s often easy to multitask while listening to them. Fifty-two percent of people listen to podcasts while driving, 46 percent while traveling and 40 percent while walking, running or riding a bike.
In the past four years, the amount of people who listen to podcasts has nearly doubled, from 12 percent of the U.S. population in 2013 to 24 percent today. And this growth has benefited the ad industry too: in the past two years, podcasting ad revenue has grown by double digits from $69 million in 2015 to a projected $220 in 2017.
To learn more, check out Concordia University Saint Paul’s infographic below.
Article Credit to Entrepreneur.
Do you think podcasts can be a valuable business tool? Do you think podcasts can be a great marketing tool for your business? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.
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