Latest / Your Mic / Too Many Ads, Not Enough Show: Why I Built My Own Network
Transcript
- 0:00Don't take my word for it.
- 0:01The podcast ad model is broken, like your ex on the inside.
- 0:06Before we continue, who am I anyway?
- 0:09Freddie Cruz, founder of Speak Podcasting.
- 0:11My company
- 0:12produces iconic shows for iconic businesses in the Houston area and beyond.
- 0:19And I saw the writing
- 0:21on the wall years ago before I even left the radio world at the end of 2021.
- 0:26And I'm not the only one
- 0:27this says this.
- 0:27There are way too many ads, whether we're talking about third-party ads or
- 0:32host red ads that are just like back to back to back to back to back for five minutes in a row.
- 0:37You got like seven minutes of ads in the beginning of something.
- 0:41You start the episode and then
- 0:42minutes in, you're into more commercials.
- 0:45And then at the very end, there's more commercials.
- 0:48And before you know it, you got a 45-minute episode and a lot of it is ads.
- 0:55A 45-minute
- 0:56episode and probably 30 to 34 or five minutes worth of actual content itself.
- 1:04And it ain't
- 1:06making the podcast industry look good, especially when it comes to connecting our advertisers,
- 1:11which is how we monetize our shows, connecting our advertisers with listeners.
- 1:17Because if
- 1:17listeners are like, ah, this is garbage, I'm changing it.
- 1:20I don't want to hear an insurance
- 1:21company on my true crime podcast, or I don't want to hear this on this, and I don't want to hear
- 1:26eight minutes worth of commercials when I'm trying to listen to 50 to 60 minutes of
- 1:31whatever podcast genre they're listening to.
- 1:36And so I figure instead of talking about this stuff,
- 1:39instead of just pontificating, ambloviating, why not do something about it?
- 1:44So in the fall,
- 1:46this is one of the most exciting things that I'm doing.
- 1:49And I've done a lot of exciting things,
- 1:51But one of my favorite creative adventures of all time is going to be the Speak Originals Network.
- 2:00And I've got with me so far two shows, two hosts, very different.
- 2:09But we've got a model for these shows that is definitely going to serve listeners and advertisers in the way they deserve to be served.
- 2:23Before I tell you what kinds of shows or what these shows are, let me backtrack to why these shows are so unique.
- 2:32And I get it.
- 2:33We're not the only network that does things this way.
- 2:38but this is the network that only I can launch.
- 2:42We're going to have a presenting sponsorship
- 2:45with a name only mention at the beginning
- 2:48that's going to tease to the very end for a special offer.
- 2:53At the very end of that episode,
- 2:56it's going to be a 30 second ad of the presenting sponsor.
- 3:01So we'll use My Company Speak Podcasting as an example.
- 3:05this episode is brought to you by Speak Podcasting
- 3:07stick around for
- 3:09a sample of XYZ
- 3:11podcast from
- 3:13the Speak Originals Network
- 3:16the episode happens
- 3:17at the very end, this episode is presented
- 3:19by Speak Podcasting
- 3:21home of the Speak Originals Network
- 3:24where you'll hear shows like
- 3:25blankety blank, here's a
- 3:27sample of that show
- 3:29or however the host will say it
- 3:32that's one tier
- 3:33Okay, that's the presenting tier.
- 3:36The second tier, which you are going to hear 40 to 60% of the way into each different podcast episode,
- 3:43is going to be the host-owned tier.
- 3:45And this is where the upside is infinite, and this is how we attract hosts.
- 3:53Speak podcasting touches none of that revenue.
- 3:57We touch 0%.
- 4:00It is all upside.
- 4:02The host-owned ad is going to be something that is owned by the host.
- 4:06So we've got a host that runs an IT company, and we've got another host that might be launching a product in the coming year or two.
- 4:16And we touch none of those sales.
- 4:19Zero.
- 4:20Not a damn thing.
- 4:23And so that 30-second ad is going to play between 40% and 60% of the way through the episode.
- 4:29and then we get to the end, like I said, the presenting tier,
- 4:32followed by the supporting sponsor,
- 4:36which is going to air as the final unit at the very end of each episode.
- 4:43And this is where things for the advertiser don't get tricky,
- 4:48is because they're full season buyouts.
- 4:51So right now we've got two podcast hosts, two different shows,
- 4:56and we're only going to have four spots.
- 5:01We got a presenting and a supporting sponsor for one show
- 5:04and a presenting and a supporting sponsor for another one
- 5:07unless two different brands wanted to buy
- 5:10for the whole season of both shows,
- 5:13in which case I love that
- 5:15and there is a 10% discount
- 5:16for somebody who wants to sponsor both shows,
- 5:19whether that is the presenting and supporting tier.
- 5:22And so in the fall, we will be launching the Speak Originals Network.
- 5:28It is the network that the podcast industry is going to be so excited to listen to because these are highly curated shows.
- 5:37We've got a nonviolent true crime show hosted by Chris Richardson called The House of Theft.
- 5:42Chris's story involves his parents.
- 5:45His parents were convicted of stealing $3.8 million in stuff.
- 5:52And when I say stuff, we're talking toys, videos, all the way down to convenience store beverages just because they could.
- 5:59And he had no idea until the feds raided his house.
- 6:03He grew up in this house and he and his sister had no idea.
- 6:08And so this podcast, The House of Theft, is going to be told through the eyes of the son who had no idea his parents were hardened criminals.
- 6:18There will be a season two and a season three.
- 6:21We have talked about it, but season one is going to feature Chris telling the story on his own.
- 6:28And there will be guest episodes, co-hosted episodes for next year and then in 2028 as well.
- 6:35The second host I'm really excited about, as you know, Speak Podcasting is based in the Houston area.
- 6:43and there is not very much coverage of food outside of the viral insta-vloggers or food writers.
- 6:55And so a food podcast dedicated to the restaurant scene
- 7:01that covers the restaurants who may not get all the love in mainstream media.
- 7:09This show is called Made in House Houston.
- 7:13It is hosted by the one and only Mega McSwain, whose bylines include Dining Out, The Food Network, Texas Monthly, and so many more.
- 7:24She and I go back several years from my previous radio career, and she is a rock star in the food world.
- 7:30And so she has agreed to host season one of Made in House Houston, and there will be other seasons covering other cities.
- 7:40But we're starting here at home.
- 7:44We're starting in the Houston area with a food show and with a true crime show.
- 7:49And we are having a blast, not just recording, but editing and producing all the ancillary content that goes with having these shows.
- 7:59And so I cannot wait for these shows to debut.
- 8:03it's looking like late September
- 8:05will be when you can binge listen
- 8:08to The House of Theft
- 8:09hosted by Chris Richardson
- 8:11and Made in House Houston
- 8:13hosted by Mega McSwain.
- 8:16So be sure to follow
- 8:17Speak Podcasting
- 8:18S-P-E-K-E Podcasting
- 8:20on all the socials.
- 8:21We'll keep you updated.
- 8:22We're going to have an official launch party.
- 8:24It's going to be curated
- 8:25for only a few dozen people.
- 8:27Very private, very intimate party.
- 8:30That's going to be happening
- 8:31probably late August,
- 8:33early September.
- 8:34We're going to have a lot of fun with this.
- 8:36And so just follow us for all the
- 8:39updates.