The emergence of the internet has brought about many advertising opportunities. Podcasting/Vlogging is one recent innovation in Internet communication and entertainment. Businesses serving niche market are capitalizing on this new concept to directly target their markets with there advertisements. This assignment attempts to broaden ones understanding of this new initiative and how it fits into the marketing world. For the purpose of this assignment we are going to refer to Podcasting as a general term to describe both Podcasting and Vlogging.
THE CORE' LOGIC
What is podcasting and vlogging?
"Podcasting" derives its name from Apple Computer Corporation's iPod. This however has become total contrary to what Podcasting is all about. The name is no longer specifically related to iPod but instead refers to any software and hardware combination that permits automatic downloading of audio files (An MP3 player is most commonly used, as per format) for all end-users convenience. Unlike the traditional radio or other Web-based streaming media, Podcasts allows listeners to have the freedom of time and place, in other words listeners have the ability to decide and control what programming they want to receive and when they want to hear the recording. It is the new radio on demand with online media delivery.
Podcasting's roots reportedly date back to 2001 and are closely linked to the development of blogs (or web logs). It was derived from the desire to have downloadable audio and video content delivered automatically to your digital media player (eg. your iPod). In addition to this, people were interested in providing content for Podcasts. Many technologies had to be in place for this to work including generally available high-speed Internet access, MP3 formats, software that automatically tells you when a podcast/blog update has occurred, and digital media players. (http://en.wikipedia.org/wiki/History_of_podcasting)
Vlogging and Podcasting are very similar and classed and being one and the same as the only small difference is that Vlogging only permits the downloading of video casts, whereas Podcasting allows for the downloading of both audio and video casts. The first known videoblog entry was November 27, 2000 marking the early 2000s as a challenge to create videoblogs. Vlogging didn't truly emerge until 2004, when small communities of vloggers began to pop up and big media started to notice vlogging. Articles were published in the New York Times and other publications. Vlogging is still rather small today, but online video is starting to take off, with websites like Google Video and YouTube offering free storage space.
Podcasts are a fast growing phenomenon globally. Consumers are getting more and more tired of traditional media. TV and radio are out and online media is in. Marketers and advertisers are following consumers as they move from more traditional media to online media. According to the Interactive Advertising Bureau advertising revenue on the Internet was projected to increase by 34% between 2005 and 2006 (http://www.emarketer.com/Article.aspx?1004552&src=article1_newsltr).
Podcasting has become a growing way for marketers to reach these audiences. Although the medium is not big yet, it is incredibly fast growing. "eMarketer predicted strong audience growth for podcasting until the end of the decade, with active U.S. podcast users climbing 500 percent, from three million in 2006 to 18 million in 2011, and the total podcast audience jumping 450 percent during the five-year time frame, from 10 million to 55 million." (http://www.macnewsworld.com/story/55990.html)
Feedburner, one of the websites that allows for the downloading of Podcasts has over 44000 Podcasts. According to the CIA fact book there are currently more Podcasts than there are radio stations worldwide. The listenership per radio station is obviously a lot higher than...