Top 10 Reasons to Podcast
Self-Funded
@SelfFunded
Published: March 25, 2022
Insights
This video provides an in-depth exploration of the top ten reasons why individuals and businesses, particularly those in sales, should consider starting a podcast. The speaker, Spencer Smith, presents a compelling argument for podcasting as a powerful tool for business development, brand building, and lead generation, drawing from his personal experience with his "Self-Funded" podcast. He frames podcasting not merely as a content creation activity but as a strategic sales and marketing initiative that can significantly accelerate traditional business growth cycles.
The presentation progresses through a structured list of ten benefits, starting with immediate brand recognition and moving through various stages of relationship building, credibility establishment, and ultimately, lead generation and content longevity. Smith emphasizes that a podcast allows the host to control the narrative, invite industry experts, and build a platform that positions them as a thought leader. He contrasts the traditional struggle to gain a "seat at the table" with the empowerment of creating one's own table, inviting high-profile guests, and shaping the discourse around relevant topics.
A core theme throughout the discussion is the shift from transactional selling to value-driven engagement. Smith highlights that a podcast inherently sells value and ideas, offering free information and fostering trust without an immediate product pitch. This approach, he argues, builds rapport and credibility far more effectively and quickly than conventional sales methods. He illustrates how consistent content creation leads to a library of reusable assets that can serve as perpetual lead generation tools and follow-up resources, significantly reducing the manual effort typically required in the sales process.
The speaker's perspective is highly practical and results-oriented, focusing on the tangible benefits for a salesperson or business owner. He shares anecdotal evidence from his own podcasting journey, including how listeners have approached him for demos after months of consuming his content, demonstrating the long-term, passive lead generation potential. The underlying methodology is that by consistently providing value and expertise through a podcast, one can cultivate an audience that trusts and respects them, making the eventual sales conversation much easier and more effective.
Key Takeaways:
- Immediate Brand Recognition: Podcasting offers a direct path to establishing personal or company brand recognition. By consistently producing content, individuals and organizations can become known to a target audience, fostering familiarity and recall.
- Create Your Own Platform: Instead of seeking invitations to industry discussions, a podcast allows you to create your own "table," inviting experts and high-profile guests, thereby positioning yourself as a central figure in relevant conversations.
- Association with Expertise: Hosting experts on your podcast allows you to associate your brand with their knowledge and credibility, enhancing your own perceived expertise even if you're not the sole subject matter expert on every topic.
- Represent Company Values: Podcasting provides a unique medium to articulate and consistently demonstrate your company's core values, mission, and what you stand for, resonating with an audience that shares similar principles.
- Control the Conversation: A podcast grants the host control over the topics discussed, the guests invited, and the overall flow of information, enabling strategic shaping of industry narratives and thought leadership.
- Value-Driven Selling: Podcasting inherently focuses on providing free value, ideas, and insights rather than directly selling a product. This builds trust and positions the host as a helpful resource, making future sales conversations more natural and less transactional.
- Accelerated Rapport Building: Regular listeners develop a sense of knowing, liking, and trusting the host over time, significantly shortening the rapport-building phase typically required in a traditional sales funnel.
- Instant Credibility: Consistently hosting intelligent conversations and weighing in with valuable insights on a podcast establishes instant credibility, which is a powerful asset when engaging in sales discussions or attending industry events.
- Proactive and Passive Lead Generation: Podcasting generates leads both directly (e.g., through calls to action or direct outreach to viewers) and passively (e.g., listeners reaching out after consuming content for an extended period), reducing the need for active prospecting.
- Perpetual Reusable Content: A single podcast episode can be repurposed into multiple clips, articles, or social media posts, creating a vast library of evergreen content that can be used for lead nurturing, follow-ups, and ongoing marketing efforts in perpetuity.
Key Concepts:
- Brand Recognition: The extent to which a consumer can identify a brand by its name, logo, or other visual elements. Podcasting accelerates this by providing consistent exposure.
- Thought Leadership: The position of being an authoritative expert in a particular field, whose expertise is sought out and whose opinions are respected. Podcasting facilitates this by allowing hosts to curate and lead discussions with other experts.
- Value-Driven Content: Content that prioritizes providing free, useful, and insightful information to the audience, rather than directly promoting a product or service. This approach builds trust and long-term relationships.
- Sales Funnel Acceleration: Strategies and tactics that shorten the time it takes for a prospect to move through the various stages of the sales process, from initial awareness to conversion. Podcasting achieves this through pre-built rapport and credibility.
- Content Repurposing: The practice of taking existing content and transforming it into different formats or distributing it across various channels to maximize its reach and utility. A single podcast recording can yield numerous derivative content pieces.
Examples/Case Studies:
- "Self-Funded" Podcast: The speaker's personal podcast, which serves as a primary example of how he applies these principles to build his brand and generate leads.
- "Plan Site": Mentioned as the speaker's company or product, indicating how his podcasting efforts directly support his business endeavors.
- "Stop-Loss Videos": A previous content series created by the speaker, highlighting his history of creating valuable, niche-specific content to establish expertise.