Monday, September 20, 2021

Podcasts Increase Brand Awareness, Purchase Intent

Nielsen, which offers a podcast buying service, has released a survey showing that podcasts drive high brand awareness and purchase intent.  

MediaPost reports the study coincides with one by NCSolutions, showing that 42% of listeners have at some point purchased a product advertised in a podcast. And the results are telling.

For instance, CPG brands derive a 37 point increase in awareness, financial services firms add 30 points and select technology brands 21 points, Nielsen reports. 

In addition, CPGs gain 23 points for information seeking, financial services brands 18 points and technology firms 15 points. 

And, CPG and financial services brands each gain 18 points in purchases. Technology firms get 8%. 

Moreover, CPG brands receive a 19 point hike in recommendations, financial services companies 18 points and technology brands 12 points.  

Judging by data based on breakdowns in Nielsen’s Podcasting Buying Power service, podcasts tend to be consumed by people approaching middle age — the median age is 39. And more men listen than women by a margin of 54% to 46%. 

However, women make up a majority of the audience for Kids & Family podcasts (79%), Health & Fitness (59%), Religion & Spirituality (59%) and education (53%)..

Overall, podcast consumption has grown by more than 40% in the last three years.

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