Why Marketing to Superfans May Not Be The Best Tactic

Superfans are often defined as the most loyal, passionate, and engaged customers of a brand or a product. They are the ones who will go the extra mile to support, promote, and defend their favorite brand, even without being asked or rewarded. Superfans are seen as the ultimate goal of marketing, as they can generate positive word-of-mouth, increase brand awareness, and drive sales. However, marketing to superfans is not always the best strategy for a business. In fact, it can be a waste of time and resources for several reasons.

Much has been written regarding the effectiveness of marketing to Superfans - regardless of product or service.

Superfans can best be described as a person who has an extreme or obsessive admiration for a particular person or thing. The number of Superfans for optimum business growth is arguably 1000 or 1500.

But is marketing to such a select group of consumers the best approach?

First, superfans are not representative of the majority of customers. They are a small and niche segment of the market, who may have different preferences, needs, and expectations than the average customer. Marketing to superfans may lead to creating products or services that are too specialized, too expensive, or too complex for the mass market. For example, a video game company may focus on developing features or content that appeal to the hardcore gamers, who are willing to spend hours playing and mastering the game. However, this may alienate the casual gamers, who are looking for a more accessible and enjoyable experience. By marketing to superfans, the company may lose sight of the bigger picture and miss out on opportunities to expand its customer base.

For the music industry,marketing to superfans may be a waste of time because that approach may neglect the potential of other customer segments, such as the casual listeners, the new fans, or the cross-genre fans

. These segments may have different tastes, preferences, and behaviors than the superfans, but they may also contribute to the growth and diversity of the music industry. For example, according to a report by CompareCamp, U.S. K-Pop fans outspend the general population on total music spend and listen more to music than the average American. They also use social media to look for new music by 31% of all teens. Moreover, R&B/Hip-Hop with a 26.7% share was the most-consumed genre in 2022. These statistics show that there is a huge market for music genres that may not have a large or vocal fan base, but still have a loyal and engaged audience.

Marketing to these segments may help the music industry reach new customers, increase its revenue, and diversify its offerings.

Second, superfans are not easy to identify or reach. They are often hidden among the millions of followers, subscribers, or customers that a brand may have on social media or other platforms. Finding out who they are, what they want, and how they behave requires a lot of research and analysis. Moreover, superfans may not be responsive to traditional marketing methods, such as advertising or promotions. They may be more interested in authentic and meaningful interactions with the brand, such as feedback, recognition, or co-creation. Marketing to superfans requires a different approach and mindset than marketing to regular customers.

Third, superfans are not stable or loyal. They may change their preferences, opinions, or behaviors over time due to various factors, such as personal circumstances, social influences, or competitive offerings. Superfans may also become dissatisfied or disillusioned with the brand if it fails to meet their high expectations or if it deviates from its core values or identity. Superfans may also switch their allegiance to another brand if they find it more attractive or appealing. Marketing to superfans is not a guarantee of long-term success or retention.

Bottom line: marketing to superfans is not a wise strategy for most businesses. It can be a waste of time and resources that could be better spent on understanding and satisfying the needs and wants of the larger and more diverse customer segments. Superfans are not the only source of value or growth for a brand. They are not the end goal of marketing, but rather a by-product of creating products or services that deliver value and satisfaction to all customers.

Focus on New Music

Each week, the record label industry releases new music to radio and the world.

Pundits in the radio and record business recommend which of these new songs might be added to radio station playlists for the coming week.

Bridge Ratings’ STREAMSTATS on-demand music streaming data reflects music consumption by radio’s core listeners. And now with added AI technology, forecasting new song hit potential (top 20 in consumption) has become a much more effective excercise.

Following are a sample of recent new music recommendations and our STREAMSTATS stamp of approval.

07.28.23

MAINSTREAM TOP 40

YES - K-POP - Travis Scott

NO - Promises - Calvin Harris & Sam Smith

YES - What Am I Made For - Billie Eilish

NO - Padam Padum - Kylie Minogue

Rhythmic Top 40

NO - Millions - BIA

NO - Too Fast - Jay Rock f/Anderson .Paak & Latto

NO - Summer Vibes - Tyla Yaweh

NO - Talibans - Byron Messia

Alternative Rock

YES - Under You - Foo Fighters

NO - Childhood Eyes - Yellowcard

YES - Pull Me Through - Royal Blood

YES -Summer of Love - Portugal.The Man

NO - Down Here Waiting - Blue October

Country

NO - Save Me The Trouble - Dan + Shay

NO - Glory Days - Gabby Barrett

NO - See You Next Summer - Brian Kelly

YES - Thinkin’ Bout Me - Morgan Wallen

Mainstream Hip-Hop/R&B

NO - Lick Or Sum - Glorilla

YES - Oh U Went - Young Thug

YES - Endless Fashion - Lil Uzi Vert

Among this group of 20 select new releases, 8 have the greatest potential for top 20 (40%) consumption.

More next week.


Boomers for Podcasting Growth?

There’s a theory out there that postulates that podcasting as an industry can supercharge its listener growth by taking a greater interest in the Baby Boomer market. The rationale is that Boomers are the last great frontier of potential podcast listeners, but they just haven’t fallen in line with podcast consumption as younger generations. Proactively targeting this generation, the theory goes, could prove beneficial to the podcast community and eventually revenue.

We all know that Podcasts have have become a legitimate form of entertainment in recent years, with millions of listeners tuning into their favorite shows every day with advertising revenues crossing the two-billion-dollar market in 2022.

While younger generations have embraced this trend with open arms, older generations, seem to be much less interested. There are reasons why baby boomers who don’t currently listen to podcasts are not likely to start, and I’ll explore some of them here.

First, let’s look at some statistics. According to a studies, only 33% of people over the age of 55 have ever listened to a podcast, and only 22% listen to them regularly. Compare that to the 49% of people aged 18-34 who listen to podcasts regularl. There are reasons why so few Boomers are attracted to this new form of communication and it becomes clear that they are not likely to be the key to building a larger podcast audience base.

And because there is low usage among those 55+ it doesn't follow that a significant number of folks in this group will suddenly be converted to podcast listeners.

In a recent study by Bridge Ratings Media Research* 65% of baby boomers who indicated they weren’t interested in podcasts cited that they have other, more comfortable and easy-to-use methods for consuming content. They grew up in an era of print media and television, which they still consume in large numbers and are still popular sources of information and entertainment for them.

Pew Research Center reports that 68% of adults over the age of 50 get their news from television, while only 2% get their news from podcasts. The potential of podcast usage for news among this age group could grow to 10% by the end of 2024. Behavior indicates that generally the majroity of older consumers prefer traditional media sources over new forms of media.

Again quoting from Bridge Ratings Podcasting Business Overview study from 2023, a third of Boomers in the study indicated they had tried listening to a podcast in the past year but it did not become a weekly or monthly habit.

Another reason why Baby Boomers are unlikely to start listening to podcasts is that they do not see the appeal of the medium. Podcasts are often long-form, unstructured conversations, which may not appeal to those who are used to the structured, scripted format of traditional media. Trust in sources and ease-of-use in traditional media among this group are also factors. Additionally, many podcasts cater to younger audiences, with topics such as pop culture, technology, and politics, which may not be of interest to baby boomers.

Those 55+ also find themselves in a digital age without the interest or desire to work through the technical aspects of learning about the technology which will help them find podcasts of interest, how to do the actual search for topical podcasts, streaming or downloading an episode of interest and finding time to spend listening to a thirty minute to hour podcast.

Generations that have grown up in the digital age find these activities second nature and thus do not present an barrier to engage.

Micro podcasts have become a trend in the business in the last year as short-form digital entertainment has captured the public's attention. We asked our Boomer sample of shorter podcast duration of twenty minutes or less podcasts would be an incentive; 49% indicated that apart from the other technical challenges, shorter podcasts would motivate some to sample.

Finally, Baby Boomers may simply not be interested in trying something new. As you get older, you become more set in your ways, and it becomes harder to break out of your routine. Baby boomers may be happy with the sources of information and entertainment they already have and see no need to try something new.

So, while podcasts have become incredibly popular in recent years, current research points to the fact that Baby Boomers who don’t currently listen to them will likely not start doing so in large numbers. They have other, better sources of content that they are already comfortable with and may simply not see the appeal of podcasts.

Podcast creators may be better served to focus on the generations that are younger and more engaged who have already demonstrated an appetite for podcasts rather than trying to convert an age group that is unlikely to change their habits. Eight podcasts are listened to per week on average (Edison Research 2022), But only 14% of US podcast listeners older than 12 listened to only one podcast in the last week. Growing this group’s weekly podcast consumption may generate more fruitful results.

*The Bridge Ratings study quoted in this article was conducted January 15 through February 14, 2023, A national sample of 3300 persons ages 55 - 74 participated in an on-line survey with a margin of error of less than 2%.

Further information or advisement is available by contacting Bridge Ratings at 323.696.0967 or Dave Van Dyke, President Bridge Ratings at dvd@bridgeratings.com