In today’s digital marketing world, your prospects and potential clients are making their buying decision far before they have even met you. A whopping 81% of consumers do online research before making a purchasing decision, so even if given a referral from a family member or friend, prospects seek information that validates that referral. With a quick online search, they should be able to find information about you and your business by visiting your website, downloading your content, reviewing shared networks, stalking your social media presence, and more.
As more advisors today are building their online brands, though, it’s important to identify more personalized ways of sharing your voice and finding the right audience where your message resonates (and leads to new business and evangelist clients). This is where podcasting can be the key ingredient to transforming a prospect into a solidified lead who is excited to work with you, because they feel like they know you and understand how you can help them.
My partner on this topic is Matt Halloran, the Co-Founder of ProudMouth. Matt has been featured in The Wall Street Journal as a digital communications expert, wrote “The Social Media Handbook for Financial Advisors,” and has hosted or appeared on more than 1,000 podcasts. He’s also the host of ProudMouth’s podcast, Top Advisor Marketing Podcast, where he shares marketing strategies tailored for advisors and industry leaders.
Considering that in 2022, 62% of the adult population in the US listened to a podcasti and 80 million of them are weekly podcast listenersii, the growing popularity of podcasts as a medium is still on the upward trajectory. Interestingly, podcasts are still a fairly untapped channel for advisors to share their expertise while establishing their voice on the topics they care about the most. It’s also one of the most engaging ways to get in front of a prospect that feels intimate and builds trust and confidence.
Now let’s talk about the modern buying journey for a moment. Essentially, there are four steps consumers take before making an informed decisions.
The initial introduction: This may be a referral, an introduction from an in-person or virtual event, through social media or advertising, or other marketing outreach efforts.
As advisors continue to struggle to differentiate themselves from their competition via digital marketing, advisor podcasting is an excellent way to stand out with a message that is highly targeted and authentic – and reaches the right people for your business. As Matt says, “With any of your digital marketing efforts, you don’t want to grow your audience. You want to grow your business.”
A question we hear often from advisors thinking about a podcast is, “What can I say that hasn’t already been said?” or for advisors already doing a podcast, “How do I get more meaningful listeners?” We challenge you to change your mindset from that perspective with two simple steps to consider. Ask yourself:
The beauty of podcasting and creating content is that you get to shape who it’s for, the shift you want to make in people’s lives, and what you talk about. Just make sure it’s clear across all your channels.
“Once these people reach out, they are ready to buy from you,” Matt says. “You don’t have to sell to them. Podcasts enable you to build a relationship with them when it’s convenient for them.”
You’ve done ALL the hard work! You are clear on your who and why, you’ve mapped out areas of interest and what topics you want to cover, and you’ve gotten started. Now, you may be asking yourself, “how do I amp up my podcast for my ideal client once it’s live?” We have three easy steps for you to follow:
There’s a misconception that for a podcast to be successful, you need to go viral or have thousands of downloads. Success isn’t about views or likes, it’s about the intentionality of your message and if you’re reaching your ideal client with the right content. Success comes down to the quality of the “who” and if you’re making valuable connections that align with your marketing strategy to help you grow your business that is sustainable and rewarding.
Ready to find your voice and launch your own podcast? Sign up for our Podcast Workshop!
Already creating an amazing podcast, but want to drive measurable business results? Sign up for AmpliFi Podcast