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Today I’ll share my insights into the podcasting universe, from a software founder perspective. There are so many untapped opportunities in a space where budgets and expectations are growing massively, so why not talk about the most challenging issues and what could be gained if they were solved.
This episode of The Bootstraped Founder is sponsored by Paddle.com
The blog post: https://thebootstrappedfounder.com/the-podcasting-infrastructure-crisis-a-2-billion-industry-built-on-digital-duct-tape/ The podcast episode: https://tbf.fm/episodes/402-a-2-billion-industry-built-on-digital-duct-tape
Check out Podscan, the Podcast database that transcribes every podcast episode out there minutes after it gets released: https://podscan.fmSend me a voicemail on Podline: https://podline.fm/arvid
You'll find my weekly article on my blog: https://thebootstrappedfounder.com
Podcast: https://thebootstrappedfounder.com/podcast
Newsletter: https://thebootstrappedfounder.com/newsletter
My book Zero to Sold: https://zerotosold.com/
My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/
My course Find Your Following: https://findyourfollowing.com
Here are a few tools I use. Using my affiliate links will support my work at no additional cost to you.- Notion (which I use to organize, write, coordinate, and archive my podcast + newsletter): https://affiliate.notion.so/465mv1536drx- Riverside.fm (that's what I recorded this episode with): https://riverside.fm/?via=arvid- TweetHunter (for speedy scheduling and writing Tweets): http://tweethunter.io/?via=arvid- HypeFury (for massive Twitter analytics and scheduling): https://hypefury.com/?via=arvid60- AudioPen (for taking voice notes and getting amazing summaries): https://audiopen.ai/?aff=PXErZ- Descript (for word-based video editing, subtitles, and clips): https://www.descript.com/?lmref=3cf39Q- ConvertKit (for email lists, newsletters, even finding sponsors): https://convertkit.com?lmref=bN9CZw
The podcast industry, valued at around $2.1 billion, struggles with outdated technical frameworks, primarily due to its reliance on RSS feeds, which were designed for text, not large audio files. This results in a chaotic infrastructure, making it difficult for podcasters to deliver quality content. Issues with metadata standards, inconsistent data handling, and broken discovery systems further complicate the space.
A significant issue within podcasting is the quality of data. Many shows are missing basic metadata, leading to inconsistent categorization and poor discoverability. The lack of unified metrics for measuring listener engagement creates a 'measurement black hole,' which hampers the ability of podcasters to monetize their content effectively.
Current podcast platforms primarily enable searches based on titles and descriptions, leaving out crucial content elements needed for effective discovery. This reliance on limited metadata contributes to difficulties in measurement and engagement tracking, leaving podcasters to estimate their audience reach without accurate data.
Despite the challenges, there are massive opportunities for innovation in the podcasting sector. Solutions to improve measurement, data quality, and contextual advertising represent substantial business opportunities. Identifying and addressing these problems could propel the industry forward, making podcast content more accessible and monetizable.
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