Podcasters love regular listeners.
Evo Terra:And regular listeners love their podcasts.
Evo Terra:Dependability on both sides has been a driving and differentiating
Evo Terra:factor for podcasting.
Evo Terra:But is that still a good thing?
Evo Terra:Hello, and welcome to another Podcast Pontifications with me, Evo Terra.
Evo Terra:Okay, I promise this is about podcasting, but first I've got to talk about books
Evo Terra:and television series and movies.
Evo Terra:And then I'm going to talk about podcasting, I promise.
Evo Terra:See, in the last fifteen months, I've read thirteen different books.
Evo Terra:I read a lot of books.
Evo Terra:I mean, almost every night I read for thirty minutes to an hour.
Evo Terra:And when one book ends, I go get another book.
Evo Terra:You know, with millions of choices to read there's never a time when
Evo Terra:I can't find anything to read.
Evo Terra:I also watch a lot of television shows.
Evo Terra:I mean, since I work from home, I tend to watch an episode of something
Evo Terra:when I'm on break for lunch.
Evo Terra:And when a series that I'm watching ends, I go get another TV series.
Evo Terra:Hundreds, or maybe even thousands of shows to watch, there's never a time when
Evo Terra:I can't find anything I want to watch.
Evo Terra:I also watch a lot of movies.
Evo Terra:Evenings, the weekends, and also between what I have on the numerous
Evo Terra:services that I subscribe to, and also, finally, now movie theaters, I
Evo Terra:have enough choices so that when I'm in the mood for the next movie I want
Evo Terra:to watch, there's never a time when I can't find another movie to watch.
Evo Terra:And this isn't an uncommon experience.
Evo Terra:At least not for those of us that live in developed nations.
Evo Terra:There's a lot of content, more content than any one person can
Evo Terra:hope to consume on their own.
Evo Terra:And yes, access can be, and is, an issue.
Evo Terra:A particular title that you might want to consume may not be in the
Evo Terra:libraries which you have access to.
Evo Terra:And yeah, search and discovery within those growing libraries of
Evo Terra:content is oftentimes a big mess.
Evo Terra:But still, we keep returning to those wells, actual libraries,
Evo Terra:marketplaces, streaming services, forty-screen cinema down the street.
Evo Terra:We lap up the content, all those different titles, all the time.
Evo Terra:I read fifteen different books in the last fifteen months.
Evo Terra:Netflix says I watched twenty-two different series and sixteen different
Evo Terra:movies, and Netflix is just one of the services I've subscribed to.
Evo Terra:And if that sounds like a lot to you, it's really not all that different from the
Evo Terra:average, but it's a lot more consuming of titles than we see in podcasting.
Evo Terra:Why is that?
Evo Terra:I have a hypothesis.
Evo Terra:Every year, Edison Research puts out their Infinite Dial report.
Evo Terra:One of the data points presented in that report is the number of podcasts listened
Evo Terra:to by the people in the last week.
Evo Terra:Now, that number is right around eight or five, depending on how you want to count.
Evo Terra:And how you count's not important to this particular thing I'm trying to get
Evo Terra:to, so I'm just going to skip past it and not make you do any of the math.
Evo Terra:Actually, I will make you do some math.
Evo Terra:Because if we take that five or that eight, and we extrapolate that weekly
Evo Terra:listening for the entire year, we get 260 or 416, and those are much bigger numbers
Evo Terra:than I just talked about for the books, television shows, and movies that I watch.
Evo Terra:But actually, it's not.
Evo Terra:Those big numbers are podcast episodes consumed, not specific podcast titles.
Evo Terra:And while serialized, self-contained podcasts are growing in popularity,
Evo Terra:there's no doubt that the episodic, ongoing podcast, that is the same
Evo Terra:episodes or actually different episodes, but the same type of content
Evo Terra:week after week, that's the norm.
Evo Terra:Or more frequently than that.
Evo Terra:I mean, look no further than this show with nearly 600 episodes I put out
Evo Terra:over the last 4.5 years, as an example.
Evo Terra:There's no break.
Evo Terra:It's generally accepted that you can count the number of podcasts the average person
Evo Terra:is actively listening to on one hand.
Evo Terra:And if most of those podcasts are episodic and ongoing, then there isn't really much
Evo Terra:room for them to listen to anything else.
Evo Terra:Episodic podcasts don't have the terminal nature of books,
Evo Terra:television series, or movies.
Evo Terra:They don't have a finite end point at which the listeners now have reached the
Evo Terra:conclusion and are then forced to hunt for something else to fill their time.
Evo Terra:No, not in podcasting.
Evo Terra:In podcasting, they just keep going.
Evo Terra:The shows just keep going.
Evo Terra:For months on end or years on end.
Evo Terra:And yeah, sure, many listeners are going to grow bored and drop out.
Evo Terra:Some are just going to dip in and out when they get what they need and then move on.
Evo Terra:But a lot won't.
Evo Terra:A lot will hang out and keep consuming that content, inhibiting their
Evo Terra:ability to find and discover new content because they don't really
Evo Terra:have the room for the new content.
Evo Terra:The churn rate is something businesses try to keep low.
Evo Terra:Podcasters, too, for obvious reasons.
Evo Terra:I mean, we want to keep our listeners.
Evo Terra:We want to grow our listener base.
Evo Terra:If we can give our people what they need with our show and then keep giving
Evo Terra:them that content so that they never have to leave us and go find something
Evo Terra:else, why not lock them in place?
Evo Terra:Now, if there's a point to this notion, this notion that would not leave my
Evo Terra:brain last night so you get to deal with it today, sorry about that, it's
Evo Terra:this, podcasting is different from the other sorts of media we humans consume.
Evo Terra:The other forms, they've all adapted to provide their consumers
Evo Terra:a "get this and then get this when you're done" content fountain.
Evo Terra:Podcasting hasn't.
Evo Terra:Podcasting, at least for a very large segment of the podcast
Evo Terra:consumers, is really more about "get this and never leave" model.
Evo Terra:But I wonder for how long?
Evo Terra:Maybe we'll learn more about that when the next Infinite Dial by
Evo Terra:Edison Research comes out next week.
Evo Terra:And maybe that will show us some of the shifts in behavior consumers are
Evo Terra:having right now, which might cause us, the creators of that content,
Evo Terra:to also shift our assumptions and our behaviors, as well.
Evo Terra:With that, I shall be back directly with yet another Podcast Pontifications.
Evo Terra:Cheers!
Evo Terra:Podcast Pontifications is written and narrated by Evo Terra.
Evo Terra:He's on a mission to make podcasting better.
Evo Terra:Links to everything mentioned in today's episode are in the notes
Evo Terra:section of your podcast listening app.
Evo Terra:A written-to-be-read article based on today's episode is available at
Evo Terra:podcastpontifications.com where you'll also find a video version and a corrected
Evo Terra:transcript, both created by Allie Press.
Evo Terra:Podcast Pontifications is a production of Simpler Media.