Performance-Based Podcast Deals
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David proposes creating a corporate podcast agency that helps companies create their own podcasts, focusing on the relationship-building value rather than audience size.
Key Points:
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Value Proposition:
- Podcasts provide value even with zero listeners
- Creates excuse for relationship building conversations with customers and prospects
- Functions as sales enablement tool
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Use Cases:
- Sales teams can link to relevant episodes for lead nurturing
- Share customer success stories and testimonials
- Build relationships with prospects through podcast interviews
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Business Model:
- Target corporate clients who need content marketing
- Focus on B2B companies where relationship building matters
- Can be internal or external facing podcasts
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Key Insight:
- Success metric isn't downloads/listeners
- Value comes from creating content that can be used in sales process
- Provides excuse to have meaningful conversations with potential customers
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Monetization:
- High margins possible due to price insensitive corporate clients
- Warning: First thing cut during recessions/downturns
- Can charge premium rates for production and strategy
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.