Podcasts are taking over YouTube. Everyone from financial influencers and gamers to fitness models and the vloggers all suddenly have a podcast. This is in stark contrast to everything the media has been telling us. Our attention span is shrinking. TikTok is beating YouTube. Long-form content is dying. YouTube shorts are taking over and on and on and on.
The reality is that this is completely false. In fact, companies are actually backing away from short-form content. Meta has eliminated their reals creator fund and TikTok is becoming more and more like YouTube. Conversely, what seems to be doing really well is actually podcasts, despite them breaking basically every creator role you can think of.
For starters, they're one to two hours long, if not longer, so thereby no means catering to our short attention spans. Also, there's no fancy editing, sound effects, music, graphics, coherent storytelling or any of that. More times than not, podcasts are just conversations that naturally jump from one topic to another. Not to mention, there's only one episode per week or maybe only one episode per month. Yet, despite all these quote-unquote shortfalls, podcasts are performing better than ever.
The iced coffee hour has nearly half a million subs. The PBD podcast has 700,000 subs. Lex Friedman has nearly 3 million subs and heck, even Logan Paul's podcast has 4.5 million subs. It seems like podcasts are the new vlogging, where every YouTuber has a podcast channel and they all rack in millions of views.
YouTube is of course trying to capitalize on this trend by pushing podcasts as much as possible. Just yesterday, YouTube rolled out podcast functionality on the music app. You no longer have to be a premium member to listen to podcasts in the background.
But speaking of vlogging, that trend didn't last for too long. Eventually, most bloggers quit, and there was only a select few channels like Casey Neistat, who have been able to survive in the genre over the long term, and even he took a massive break. So, why are podcasts taking over the platform, and is this just a short term fad, or the future of YouTube?
Taking a look back, the explosion of podcasts on YouTube can be traced back to one man. Joe Rogan. Rogan basically invented the podcast niche here on YouTube, having started his podcast, the Joe Rogan experience, way back in 2009. Given his background as a comedian and a show host on mainstream media, he was naturally pretty good at having engaging and enticing conversations.
His show was almost like a good mythical morning, which was also blowing up at the time. But instead of focusing on production and entertainment value, Rogan would focus on educational and intellectual value. This isn't to say that he instilling blue up, but it gave him a differentiating factor which he leaned into over the years.
He would interview everyone from Elon Musk and Neil deGrasse Tyson to David Blaine and Bernie Sanders. Over time, this gave him access to an extremely large audience. In fact, by the end of 2020, he had 10 million subscribers and nearly 3 billion views.
But all of this would have changed in 2021. You see, Spotify offered Rogan an exclusivity deal that was worth as much as $200 million. Rogan would of course take the deal and he would move his podcasting over to Spotify starting at the end of 2020.
Conventional wisdom would tell you that this is terrible news for YouTube. Spotify had effectively poached the most popular podcaster in the world. And with that, who knows how many loyal listeners they had converted to Spotify. But this is where things get dicey.
Rogan is obviously still extraordinarily popular pulling in an average of 11 million listeners' episode. For perspective, even the most popular mainstream media show will only pose in 3.24 million viewers' episode. So, Rogan is obviously crushing it. But that doesn't mean that YouTube is performing poorly without him.
In fact, Twitch has found that large craters leaving the platform is surprisingly beneficial for them. Here's the thing, when there's a super large crater in a given niche, they basically soak up all the attention. This makes it extremely difficult for smaller craters to gain traction, as viewers are simply satisfied with the larger crater.
But when the larger craters, which is a platform or takes a break, this allows for content from smaller craters to be pushed at the same time that viewers are looking to fill a void. This creates the perfect storm for smaller craters to explode in popularity, as was the case with Twitch. Apparently, Ninja leaving Twitch allowed for 5-6 new streamers to take his place.
And it seems that this same phenomenon has played out on a much bigger scale with the podcasting on YouTube.
似乎在YouTube上播客也出现了这种现象,规模更大了一些。这种现象的表现方式是什么呢?
The best part of all of this for platforms is that the crater who left often tends to come back. Rogan's deal would Spotify, for example, only last 3.5 years.
So that explains the audience side of things. Rogan had an extremely big podcasting presence on YouTube, and his departure left tens of millions, if not hundreds of millions of fans looking for an alternative, allowing for up-and-coming craters to blow up.
But what about the craters side of things? If you take a look at the biggest craters on the platform like Mr. Beast, Airwreck, and Mr. Hustaboss, you'll see that they're all taking the exact opposite approach.
Every second of their videos is all about constant stimulation. Text on screen, sound effects, constant cuts, super high energy, and tons of money. Clearly, this is working out great for them, and while this style would definitely evolve over time, and it's most likely the future of YouTube.
I mean, there's a reason that movies are so popular, people love high production value content.
我的意思是,电影之所以如此受欢迎,是因为人们喜欢高品质的内容制作。
So with that being said, podcasters won't be taking on these behemoths anytime soon, but what podcasting does offer is a super high ROI on a much smaller scale.
因此,可以说,播客人士不会很快打败这些巨人,但播客确实在更小的规模上提供了超高的投资回报率。
Take the upfront work, for example. Creating one of my videos takes about 20 hours of work between me and my editors.
Creating something on the level of Mr. Hustaboss takes hundreds of hours of work, and creating something on the level of Mr. Beast takes thousands of hours of work. But at the end of the day, all of this effort only translates to a 10-20 minute long video.
Creating a podcast, on the other hand, only takes 3-5 hours of work. Worst case scenario, it might take 10 hours of work, but at the end of it, you have hours of content.
Given the educational nature of podcasts, it simply doesn't appeal to the general audience, which largely limits how big these channels can get.
由于播客的教育性质,它并不吸引大多数观众,这大大限制了这些频道的扩展规模。
But the people that it does reach is insane, as these people are generally high performers looking to improve themselves, learn and get to the next level. In fact, 30% of podcast listeners make a quarter million per year.
That right there is a gold mine for advertisers leading to super high ad rates on podcasts. Not to mention, given the length of podcasts, you can stuff in like 20 mid-roll ads, leading to even more income.
But honestly, the money and recharge these smaller advantages. The real advantage, in my opinion, is the opportunity to network.
但说实话,那些小小的钱和充值只是一些小小的优势。在我看来,真正的优势是能够扩展人脉。
As a podcaster, you're constantly reaching out to leaders that you would have otherwise never reached out to. People like Elon Musk and the Mark Zuckerberg, and you get to meet and talk with these people for hours.
So, you've got low-afford, high output, evergreen content that appeals to a high value audience, and allows you to network with the most successful people in the world. No wonder every YouTuber is trying to capitalize on this opportunity.
Not only are podcasts great for creators, viewers, and advertisers, but they're also great for platforms.
播客不仅对于创作者、观众和广告商有很大的好处,而且对于平台也非常有益。
One of the biggest challenges for modern social media platforms is trying to keep your attention. Attention is really the currency of the modern world.
当代社交媒体平台面临的最大挑战之一是如何保持你的注意力。在当代世界,注意力是真正的货币。
If you're able to corner attention, everything else will follow. This is why social media platforms are constantly dinkering with their algorithms and looking for the perfect balance.
It just so happens to be that podcasts are extraordinarily easy to recommend, as they pull in a stupid amount of watch time given their length.
恰好,播客非常容易推荐,因为它们的播放时间相对较短,但是观看时间却非常长。
Podcasts often boast 20, 30, 40 minutes of average watch time. But not only do podcasts pull in a stupid amount of watch time, but they also build habits and regular viewership.
Here's the thing, people aren't listening to podcasts on a Friday evening when they're trying to unwind. Rather, podcasts usually make their way into people's daily routines.
问题在于,人们通常不会在周五晚上放松时听播客。相反,播客通常是融入人们日常生活的一部分。
We're talking about commutes to work, taking a walk, cooking, folding the laundry, doing chores, etc. More times than not, podcasts are the perfect tool to make these mundane tasks more productive, and it becomes a part of the routine.
So, platforms like YouTube and Spotify don't really have to push podcasts too hard. When the time comes, people go and find the podcasts they want to listen to by themselves.
This makes podcasts likely the easiest way for these platforms to garner and retain attention.
这意味着播客很可能是这些平台获取和保持关注的最简单的方式。
But, it's not all good news. With everyone jumping onto the podcasting scene, there's no question that this area is going to become saturated if it isn't already. I mean, there's only so many finance podcasts, gaming podcasts, fitness podcasts, and food podcasts that people can listen to.
Also, something else to note is that much of the popularity of these podcasts can be attributed to the mystery surrounding the guests. Take Mr. Beast, for example. Before podcasts started blowing up on YouTube, the intricacies of his business and operations were largely a mystery. But now that Jimmy has made his rounds on dozens of podcasts, much of the mystery surrounding his business is now gone.
People's curiosities have been satiated, and a perfect example of this is Alex Hormosi. In the early days, there was a lot of curiosity regarding who this lumberjack is, and how he made $100 million. As such, his first appearance on the iced coffee hour pulled in nearly a million views.
But, his second appearance on the show only garnered 300,000 views, and his latest appearance only garnered 200,000 views. This isn't to say that these podcasts are any less valuable, but simply that the mystery and interest surrounding Alex has fitted away.
And as more and more podcasts interview the same people, it's likely that Alex's situation will become a trend. Now of course, there will always be new figures of interest, but there's no question that this list is not nearly as exhaustive as it once used to be, which raises the question. How sustainable really is podcasting?
The None of this is to say that podcasting is going to die in oblivion like wine. But there's also no question that the area is becoming oversaturated, and there's only a limited amount of attention and a limited number of guests. The early signs of this are already starting to surface.
Newer podcasts aren't garnering nearly as much momentum. Popular podcasts are getting most of their views and growth from short from content, and podcasts are having to repeat guests more and more. So I think it's safe to say that the Golden Days of Podcasts are right now or are already behind us.
Again, this isn't to say that podcasts are going to disappear in oblivion, but it's more than likely that many of the newer podcasters won't end up making it, and the Legacy Podcasts will stay applies at a much more modest view count, similar to vlogging.
Blogging isn't dead, but it's also not what used to be back in 2015 and 2016. And that may very well be the fate of podcasts as well, but that's just what I think.
Do you guys listen to podcasts? If so, which one is your favorite? Comment that down below. Also, drop a like if you'd like to see more videos about social media trends. And of course, consider checking out our Discord community, suggest footage of your ideas, and consider subscribing to see more questions logically answered.