In this episode, we chat with Tim Soulo, CMO at Ahrefs, about the power of podcast sponsorships. Ahrefs is a leading SEO tool with about 75 employees and $100M in annual recurring revenue. Simply put, they’re one of the biggest brands in marketing.

Tune in to learn why Ahrefs spent $214K in podcast sponsorships over the course of a year, how they measure ROI outside of direct sales and leads, how they use qualitative attribution, and so much more.

Make sure you’re not sponsoring a show with inflated numbers or a host who is simply doing this as a hobby for themselves and their friends. This is crucial to ensuring your sponsored message actually gets in front of the right audience and is worth your investment.

The “mere exposure effect” is a psychological phenomenon where the more people are exposed to your brand, the more likely they are to develop an affinity for it. When the listener is faced with making a choice between your brand versus one not on their radar, they will choose yours merely due to the fact they heard about you numerous times on a podcast.

When a host can give a more natural read of your product because they’ve used it themselves, the audience will listen more attentively because they already know and trust the host. Your goal is to partner with hosts who will genuinely recommend your product, regardless of whether you sponsor them or not.

Podcast sponsorship pricing is all over the map. The best strategy is to reach out to at least 20 podcasts, gather pricing information, and figure out averages before you commit to anyone. This will help you determine who’s pricing is above standard and who is undercharging so you can negotiate better deals for your brand.

It’s commonly known in the podcast industry that download numbers aren’t the most accurate representation of the number of listens per episode. When you consider sponsoring a show, make sure the host is well known in the industry. Look at their social following to ensure they have a loyal audience versus worrying about their monthly podcast download numbers.

You can offer the host a free version of your product to giveaway to their listeners, and in exchange, they can ask listeners to leave reviews or subscribe to their show. Not only will this get you extra air time at no additional cost, but it will increase the attention span of the listeners because they’re getting something of value for free.

Rather than paying for the typical host-read ad at the start, middle, or end of an episode, consider sponsoring an interview question instead. This will give you the opportunity to create a natural plug for your brand within the conversation and won’t break the attention of the listeners.

If you’re targeting hosts who are your ideal customers, offer them your tool or product for free for a limited time, help them set it up, and help them understand what it can do for them so they give you a more genuine endorsement on their show and continue to organically talk about you outside of your sponsorship agreement.

When you sponsor creators, you form relationships through the process of educating them on your brand. You pay them for their time and for their work, and if your product is good, you essentially turn them into organic fans. Meaning, even after you stop sponsoring them, they will naturally continue talking about you.

In 2022, Ahrefs is investing exclusively in creators versus big advertising companies like Google, Facebook, and Twitter. Their philosophy centers around the idea of paying talented creators for their work, not their loyalty. Rather than investing in brand advocates, think about it as investing in a piece of work that would’ve otherwise not been created.