What exactly is needed for an internal podcast to support the culture of a company? How do you create a podcast that helps create raving fans inside your company, not just outside? Can you create a podcast that serves both the external fans you want to reach, plus build the internal culture of your company at the same time? We're finding out today on Podcast Inc.
Welcome back, podcast fans. It's Tina Dietz, the CEO of Twin Flame Studios, and your host for this journey through internal podcasting. We're leading up to the Podcast Inc Conference in the fall of 2020. In the meantime, we're giving you all kinds of information and experts who are all over the podcasting world, internal, external, talking about communications, talking about leadership. How does this emerging world of podcasting serve the greater good, serve your business, serve your culture? All of those questions we're exploring in this particular series.
I'm very happy to be producing this show in connection with the Podcast Inc Conference, as well as our partners, the Pioneering Collective and Heartcast Media, as well as my own company, Twin Flame Studios.
Jay Wong, the founder of Podcast Your Brand, joins us today. Jay, I have actually known for a number of years. We came up in the podcasting world together, and always seem to have parallel paths when we haven't seen each other in years. Do you have anyone like that in your life, that every time you meet up, you find incredible synergy? Well, that's what Jay and I have.
Jay's company helps emerging thought leaders, business owners and companies launch top 100 shows on iTunes, so that you can put a voice to your marketing, and amplify your reach and impact to new customers. His agency has been working with franchise companies listed on the Inc 5000 to increase the retention rates of new operators by 15%, as well as increasing annual sales by an average of 21% in 2019.
Jay and I talk about marketing your podcast internally, as well as externally, and we get into some fascinating points about the synergy between the two. Let's go right to the interview.
Jay, thanks for being here.
Always a pleasure. Super excited to do this.
Yeah, you and I go way back. You and I met in Toronto at an event called momondays many, many years ago, before you and I had even started with podcasting. Podcasting wasn't even in the common vernacular. We have found ourselves, very different places in the world, different journeys, but we have these intersection points that are always really ironic to me.
Before we get into some of the case studies, your thoughts, and information that you have about your experience with building podcasts for brands, which is just fantastic stuff, I benevolently stalk you all the time, I really want to hear your take on what you feel the current climate is for podcasting specifically for larger organizations, both internal and external, because I know you have a lot of expertise in this arena.
Yeah. Tina, it's a fascinating topic, because I think it's something that we both can agree that we are watching the marketplace shift. It's almost like we could ... I know when I say this, that I know that you can sense it as well, because of your business and the work that you're doing.
We see it all the time, because we started our agency working with different thought leaders, different experts. That's been going really great. It's still the majority of our clients, but in the last couple years, we've seen the shift where companies now are looking at podcasting, but not for the same reasons, as in they don't necessarily care too much about the external maybe ranking. They don't necessarily care too much about the downloads, though of course it does matter in terms of consumption. But they want to leverage the medium to be able to drive an insane culture for what they're building, because it's almost like even though it's external, they're using it for internal reasons. So any type of organization with a crazy sales team, or a sales-driven culture, which we can imagine that's most companies out there ...
That's certainly a lot of them, if not most of them.
Right. That are looking to grow, that are looking to expand. I think the questions that they're thinking is, "Hey, if we're going to do any type of content marketing strategy, can we get some of the external benefits of relevance? Could we be where people are looking? Can we get some of that going? But at the same time, how can we go deeper internally with all of our people, from a culture standpoint, from a retention standpoint. Also, how can we go deeper with our best clients?"
A lot of the companies we get a chance to work with, they almost treat it, even though it's an external show, that they use the content there almost like a broadcast to their best clients. Because we all know once a customer is a customer, it's so much easier to get them to spend more with us, rather than always going for the new.
Now, there's a whole argument about external and opt-ins, and running paid ads behind that. But I do see this marketplace shifting a lot more to leveraging the medium of podcasts to, I think, the true power really of how audio could be leveraged.
Yeah. There's so much conversation about content marketing. Most companies have established content marketing, internal, external teams that are working on this. What's been your experience, and what advice would you have for any companies considering podcasting to make it work with your internal marketing teams to begin with?
Because I know that sometimes when we're working with companies, the marketing team has some concerns about it being a lot more work for them. That's not always the case. Podcasting, obviously we're biased here, but the thought of dovetailing it together ... What's your recommendations when you sit down with a marketing team and say, "Okay, here's some of the benefits. Here's how this can work together"?
Sure. Yeah. This is a brilliant question, because I think it's a lot of ... CEOs ask us, all the VP marketing people ask this. So we came up with this analogy or this way of thinking about it. We called it the Podcast Your Brand Triangle Effect, Podcast Your Brand being the name of our company.
It's essentially teaching all of our clients that podcasting is one piece of the puzzle, as we all know, and as we can all make that grasp, but what are the other components to this? Just from broad strokes, because I know every company's divvied up differently, we have a podcast or a content engine on one side. The second point is an email list. It could be email list of buyers, email list of your newsletter list, that type of email list. The third form is a sense of community, whether that's a private group that you have, or maybe a members group that you have.
What you're really looking to do with any content really is to start cycling people through these three different areas, meaning that the call to action on the podcast, you don't have to overthink it, you're driving people to the two other to other places. You're driving people, "Hey, hop onto our email list, and be able to get behind the scenes training," or fill in the blank over there. Or join our membership over there. It could be free. It could be paid.
A really good example of this is, literally at the time of recording this, we are working with the Procter & Gamble alumni network. When we started chatting with them, we presented this kind of similar strategy. We said, "Hey, what's important for you at the end of this? Why would you invest any time, any dollars, any energy in thinking of putting together any show? Is it about retention? Is it about sales?" "Jay, really it's about increasing the members of our Procter & Gamble alumni network. That is it. If you help us do this, we are in" so yeah, there's a bit of an email list play there. There's a bit of a podcast play there, but their ultimate is to drive people into the community.
So I think every company has to ask, "Hey, what's in it for us?" Some of the people we work with, they say, "Hey, we want to massively grow our email list." So the call to actions on the email list is to the other two places, but vice versa for the other two places, I hope this is making sense ...
... is calling back to the email list.
This is where you're creating for, whether it's an existing client, whether it's a new person, whether it's somebody that just came into your world, whether they saw the CEO speak, or they read this press release, wherever people come in. Now, once they're in your world, it seems like you are everywhere a little bit. You're in the email. Where is email? In the inbox, on your phone. If you have a podcast, you're in the car or on the planes, hopefully, when we resume traveling at a later point. Then a sense of community, I think that's what everybody ultimately is always seeking for.
What's so interesting about everything that you just said is that we could take that conversation about community, about calls to action and having people take specific actions, all of those things, generating a sense of excitement and all that, we can take that and say, "Okay, well this is going to be an internal conversation, or it's going to be an external conversation."
That points back to what you said before, that a lot of external podcasts for companies are also used internally. Of course, this is one of the things we talk about in the world of corporate podcasting all the time is that it's a medium that can simultaneously serve the clients you have, the clients you want to have, and your internal culture at the same time. It's kind of that, going back to my deep love of commercials and infomercials from when I was a kid, it's that three things, three things, three things in one, to harken back to something like that.
But everything you just talked about also points to a deeper conversation that is very active in the corporate community, which is engagement and the desperate need, the deep, deep desire to make sure that your team, your workforce, your culture is highly engaged. So this cycle that you're talking about, these three points, all I could see would spiral into creating a deeper engagement, whether we're looking at internal or external communications.
Tina, on top of that, it creates that the brand is top of mind. We all know branding is more of a longer term play.
But especially when people come into your world, when they're inquiring about your services or products, a lot of times they're not actually ready to buy. A lot of times they might be doing research. They might be six months out. Tons of research says that typically people make a buying decision, anytime they inquire about anything, within about half the time, that it would take them about 18 to 24 months to really make a buying decision.
Now, does that mean you have to podcast for 24 months? Does that mean you have to have all these components rolling? Well, ideally you do have them, but you want to make sure that it's top of mind, and it's converting for people that are ready right now. Also, at the same time, for people that are not ready, they're still getting tons of value, and they're still seeing it, so that when they are ready, the company, whether it's a corporate company or a thought leader, they become the only selection, if that makes any sense.
Absolutely, it does. Well then let's take this back a couple of steps. What do you find is needed for, let's call it an internal podcast, to support the culture of a company, or even an external podcast to support the culture of a company so that it does grow, so that it does expand in the way that the company would like it to?
Yeah. There's so many different ways of tackling a podcast. Do we make a Q&A show? Do we interview other legendary bright minds in the industry? You know what I mean? Do we do internal type of interviews? Do we interview our best clients, and have them on as case studies indirectly, and promote their business, and promote the work that we've been able to do?
But I think everything that I could probably say boils down to, call it, thoughts or frameworks. One is, I would say, stories, the idea of storytelling, the idea that we learn best from stories. I think that, in a lot of ways, the fact that we're talking about podcasting, first of all, there's a certain intimacy with voice.
Absolutely. Hear that all the time.
Yeah. I think we could all just genuinely agree. If you're listening to this, or if you're into the idea of internal podcasting or external podcasting or anything around that, I think subconsciously we're all drawn to the idea that, "Wow, there is that level of intimacy that really doesn't exist anywhere else, that doesn't really exist on other platforms."
We're not talking about a 10 second or 15 second type of video that's meant to be funny and entertaining. Sometimes podcasts are, not to say that they're not. But there's a certain level of intimacy that comes with audio, comes with the voice. I know you're a big proponent of that, but when you pair that with storytelling, good storytelling ...
You don't have to necessarily overthink it, and have to always create these type of like true crime shows and things like that. But just even storytelling from the vantage point of, "Hey, the other day, this happened. Has that ever happened to you? Has this scenario ever presented itself to you?" and being able to leverage that story as content in the moment. "Hey, there's a whole global situation going on. What are your thoughts around that? What's your perspective on that?" I think it all circles around the power of storytelling and merging that really with the intimacy of voice. I think that's one.
I think for companies, the other one, and I think this for, it's not just companies, whether big, small, I think the best companies, and we can all think of them, when we think of the best companies, we all know that they stand for a mission. Chances are, they have some type of ... They exude their values onto social media and onto their websites. We all have seen it. We go to a company website. "Here's our mission. Here's our values." Well, I think the best podcasts, the best type of show, especially for customers or new people or old people, however you want to think about it, it's an extension of your values.
That's exactly it. Actually, I had made some notes before we talked today, because I wanted to tease this out a little bit further. Can you give some examples or a little case study on how values actually might get infused into a podcast? Because we do, we tell stories all the time. We tell stories unconsciously all the time. This is really a process of taking the storytelling that we naturally do as human beings, and making it conscious instead of unconscious. How does that all fit in, or what are some other ways that companies can use podcasting to make it an extension of their values?
We work with a company called Student Works Management Program. Essentially, what they do is they work with 18, 19, 20 year olds. They pick them up from business school, and they essentially get them to run painting businesses, essentially under the Student Works brand name. So they'll take these young kids, really, and they'll teach them the insides and outsides of running a painting business, hiring people, the whole nine yards. These individuals get a chance to run this business under the brand name. They get certain postal codes and district codes.
The reason I'm setting up this context here is because when we started working with Student Works, they really haven't done a lot of online marketing at that time. At the time, I don't think they've ever really generated any leads online, really, that they could trace back.
So they were looking for, one, a way to be relevant, but, two, they wanted the people to buy in further, as most companies do. We're creating a culture within what they're doing. One of their ... They have these amazing values. We attract people with big engines, and always say please and thank you, kind of like breaking down the four referrability habits, for example.
But they took each one of their values, let's say they have four or five of them, and those became these types of solo type of episodes, where the CEO was the host of the show. They would just say, "Hey, one of our values of our company is we always finish what we start," and he'll start telling stories right around that.
Once again, it's just drilling in the fact for all his listeners, "Hey, look. This is the type of company we are. These are the types of people we work with. These are our ways of thinking and solving problems."
What it really creates is it creates a choice in the listener. Because now me, as a listener, I can go, "You know what?" Our client's name is Chris. "Chris is right." You know what I mean? "I am this person. If I'm in this company, this is how we act. This is how we solve issues."
What he's really doing, he's creating these raving fans for people that work for his company, for people that sell for his company. The impact of this, if you're wondering, he sent me a nice little text message a little while ago, just at the beginning, or sorry, at the beginning of their recruiting season, which was in the fall, so just a few months ago. He said, "Jay, most years, we have about 35% retention rate. That's that would be good, solid, standard. This year, not only did we exceed 40, but we hit 52%."
No kidding. That's a 15% jump. That's a large jump for retention.
It's a massive jump, because not only now they're saving significantly less money on recruiting, because literally over 50% of people from year one just renewed to year two, but now ...
Yeah, spending a lot less on recruitment. Now you don't have to train them. They're already trained.
On top of that, the buzz. Think about it. If you're coming back, it's kind of like the momentum of doing great things. You know what I mean? It's one thing to wake up at 5:00 AM once. "Hey, that's cool. Maybe it's an Instagram share. Maybe it's a social media thing." But if you wake up at 5:00 AM every day, and you're focusing on whatever it is that you're looking to create, or the business, or you're focusing on a hobby, it's going to be night and day. It's that momentum that they're feeling internally. That lends itself for them to break records. It lends themselves to them creating the type of culture that they speak about.
Those statistics are really fantastic. That's a significant impact on how that company does business. I also think that's really interesting. It's another demonstration of an external podcast with internal benefits, and how that all comes together.
Just illustrating the thinking of this, as we're leading up to the podcasting conference, this fall of 2020, and some of the things that we want to get everybody thinking about how to use podcasting in these settings. It's not limited to only internal communications, only external communications. There is this fantastic juicy crossover that happens when brands are really aligned, really showcasing and clear on their values, and clear on their why. I'm a big Simon Sinek fan, so this whole thing about beginning with why I think it goes for podcasting just like anything else.
Jay, you launch a lot of top 100 podcasts. [crosstalk 00:20:25] Marketing is a big, big strength for your agency. So I was wondering if you'd be willing to share a few things with the listeners here about some of the best practices around marketing, and this can be internal as well, you got to get people to buy in, but marketing of podcasts. What are some of the things that you have to have, and maybe one or two things that people tend to miss?
Yeah. It's really interesting. Because it's an interesting question from the standpoint of, I think a lot of times people ... We onboard individuals and companies all the time, and I say, "Hey, when would you ideally want to have this podcast out?" A question like that, timeline question, just so we have a certain timeline that we can guarantee a certain type of result.
A lot of times, they'll say, "Jay, we're hiring you because we wanted the podcast last month. Okay? We wanted the podcast six months ago. We wanted the podcast a year ago."
It's been this idea that we went from Q3 of last year, to Q1 now, to maybe we'll do it later on the year. For whatever reason, they believe, "Hey, we're going to start creating this podcast. We're going to start ranking, and we're going to build off of there." I think that's a really great simplistic way of thinking about it.
I also think, to point out, is that not only are you, it's a little bit of a training in your mind that you got to think about it, meaning that we're building our clients into the habit of creating content, meaning that every so often, we're going to batch content, we're going to do interviews, we're going to talk about our values. So there's that side of it.
But the other side that I think a lot of people miss, which is you need to actually train your audience to actually receive content from you. It's not like we're going to create the biggest and baddest show today, and all of a sudden ... I haven't done any training on this side. I haven't actually ever promoted to them. I've never shared content consistently with them.
So I think there's something to be said around the consistency and longevity of any show, or at least making it very clear in the beginning, "Hey, this is going to be a 10 part series." "Hey, this is going to be a five season type of show. We're going to only do it from these months to these months." Or it's going to be a daily show. Whatever the commitment is that we all agree upon, I think there needs to be this battle of not only are we training ourselves to find our voice, to become the voice for our industry, and to put a voice behind all of our marketing and products, that's one side of it, but we need to be training our audience. We need to be training, just like you said, the buy in for everybody that's listening.
That really fundamentally makes a massive difference where a show starts and where a show ends up in about three months, six months, a year down the line.
That's very true. It does take some persistence. It's the same thing with any type of material that we create in the world of thought leadership, or you want to get your message out there in any way, shape or form. Many times we get tired of saying the same thing over and over again way before our audience gets tired of it. So it's having that persistent willingness to get out there and go, "Have you listened? Hey, check this out." "Hey, what about this? Hey," all of that in these lovely little touches, from the sense of being of service and letting people know what's going on.
Even your biggest fans will miss the greatest hits. If they watch and they love the greatest hits, I guarantee you they'll love listening to it again. [crosstalk 00:24:16] And they'll love listening to an updated version of it.
So it's thinking beyond of these, hey, this is a one trick pony type of thing. Hey, we interviewed Tina. We can't possibly have Tina again on the show for a 2.0 version or a different perspective now. Do you know what I mean?
It's thinking about not just how we can hit the top 100, and not just how we can have a great launch, which is within the first, let's say, couple weeks, or even couple months of launching a show, it's the literally zoom out and say, "How can we have a great show? How can we build these great characters in the people that come on?"
It's almost like building our own version of the Avengers or the superhero of a certain company. How can we follow these individuals? Because a great premise of a podcast is, "Hey, I'm interviewing you." We want it to be a great discussion, but I also, in the promotion of it, I want to celebrate you. So it's almost like the podcast is not about the host as much as it is about the person.
It's all about the listener, yeah.
[crosstalk 00:25:22] Let's take it even further. Let's make it a massive win for the listener, and let's be able to celebrate the individual constantly. You know what I mean? Because if we were able to have them on once, maybe it's a great debate. There's just so many great ways of thinking about it.
I think, tactically speaking, when you're launching a show, just like when you're launching anything, and I know Tina, you have tons of experience around audio books and digital products and obviously podcast launches as well. I think a lot of times people actually, you were pretty spot on with it, which is, they're almost scared of promoting said thing over, that it's like, "Oh, I already-"
"Oh, I'm going to bug them. I'm going to bug them."
Right, exactly. Or, "Jay, I already made a post around the podcast," or, "We're already doing this. We already shared this thing about the episode." It's like, "Look. Our job is not to quote unquote game the algorithm, or to just be able to hit results once. If we're truly building something in integrity that we stand by, that we believe in, that it's an amazing piece of culture, then there shouldn't be as much resistance to sharing great pieces ..."
Because you know if it makes an impact for just one person, whether it's someone on your team, whether it's a customer, whether it's a new person, it could really make it all worth your while while you're doing the show.
Absolutely. When we go out and we have a great meal at a restaurant, I'm looking forward to that again, and when we read a great book, or we watch a great movie, we don't hesitate to share with a lot of people. We don't hesitate to share more than once, or even to follow up and say, "Hey, did you end up going to that place?" "Hey, did you end up reading that book?" "Oh, if you didn't, there's this other part you're going to love." We have no issue doing that.
But when it comes to something that we feel is a part of us, that we have ownership in, then it becomes an issue of ... It gives a little enmeshed with our identities. Having a little bit of critical distance between that ownership and the good of the culture, the good of making a difference for the teams that are out there, and getting the word out, is super important.
It does take some practice if you're not used to being in that kind of a position, but we do people a big disservice that we don't. I wholeheartedly agree, that it's all about creating something people really will get value from and really enjoy more than anything.
I love the superhero thing. I love cliffhangers and things like that, because you can make anything interesting with that, "Stay tuned in our next episode, when we'll find out if our intrepid heroes hit their sales numbers for Q3." It could be anything as you're going along with that.
As we're wrapping up here, is there anything else that you would really want to make sure that a company knows before they go into this world of podcasting? Any questions that you want to leave with them that they need to ask before they pull the trigger or take another step?
There's obviously different thoughts and different ideas around podcasting, how to execute it, how to integrate it. But I think fundamentally it comes down to what is your ongoing conversation?
What I mean by that is that we all have friends in our lives that they're like the fit friend, that they sign up to hike Kilimanjaro, and will run a half marathon or a full marathon. They're always biohacking. They're doing all sorts of different diets and stuff. So every time you see them, regardless of your fitness level, you think about how to relate to this person. You go, "Hey, you know what? I signed up for the yoga class the other day." "I started this new type of diet," or, "I started taking these new type of biohacking pills," or what have you.
There's an ongoing conversation there, versus your friend that you guys go on trips together, or you guys watch movies together. Different type of, not to say one relationship is better than the other, but just a different type of conversation, different type of ongoing conversation.
When I see them ... Every time I see Tina, I just know the conversation is going to be good, because it's around business, podcasting, life, speaking. There's all these little great components about it.
So I think as a company, as a thought leader, as anybody who's even thinking about this, it's more like what's the ongoing conversation for us as a company? What's the conversation that we can own? What's the conversation that we can dominate, we could be that friend to people? Whether it's real estate investing, could we be that real estate investing friend to all of our listeners? Let's say your company's in health and fitness. Could we be that health and fitness friend for all of our listeners?
So I think it's just, no matter how complex the topic is, no matter how simple it could be, it's ... What it boils down to me, it boils down to, "Hey, what's that ongoing conversation, and where can we make a stand with where we stand with it?"
Making a stand. That's what we all need to do in terms of how we want our businesses and our companies and our teams to grow, and everybody that we interact with.
I think that's the perfect note for us to close on. Jay, thank you so much. You always add so much energy and expertise to every conversation. We are making sure, of course, that everybody knows where you are and how to find you at doneforyoupodcast.co. We'll be providing links in the show notes for more information about all the great work you do in the world. Thank you so much for joining us here today.
Thank you, my dear listeners, for joining us here on the Podcast Inc Conference podcast, very meta, as we lead up to the very first Podcast Inc Conference in Washington, DC, or online, it is a cliff hanger, stay tuned, this particular fall of 2020. You can find all of the updates at podcastinc.co. You can also email your questions to [email protected].
I'm Tina Dietz, from Twin Flames Studio, signing off for today. We'll see you in our next episode as we continue explore this world of podcasting, communication and building culture with this fantastic audio medium. Take care.