Fishing where the fish are is a solid strategy, so using similar podcasts to promote your podcast is obviously a good idea, right? You bet! But like any marketing effort, what you put in determines what you get out.Cross-promotion has been a part of podcasting since there were two podcasts. Cross-promo campaigns make up the backbone of growth plans for large podcast networks and are used by some of the biggest podcasters to increase the size of their audience. Let's start with a successful podcaster who spends $10,000/month on a successful cross-promotional campaign. But maybe you only have $1000 in your budget. Or $100. Will it still work for you?Yes, but about 100 times less well. According to Dave Zorhob, co-founder and CEO of Chartable, the new listener acquisition rate for cross-promotions was 0.75%.Not 75%. Point-seven-five. Less than one percent. With 10,000 impressions of your promotion, that's 70–80 new listeners. With 1000 impressions, it's seven to eight new listeners. And with only 100 impressions, you'll be lucky to get one new listener.So why do podcasters do this if the math sucks so bad? At scale, that math works fine and it doesn't suck at all. Acquiring a lot of new listeners for $3 each makes sense if the impressions they generate over the course of a year are worth $7.50 or more. And that is precisely why big shows and big networks spend big bucks on effective cross-promotional campaigns. To increase their available and saleable inventoryIf your show is on the smaller scale, or if you're not selling ads or have another hard outcome with your podcast that you can directly trace back to increased listenership, then the scale problem is real and probably out of balance for you.But that doesn't mean that you should give up on running a podcast cross-promotion! A new listener or two is a new listener or two. Just understand the realities. And don't expect your listener numbers to skyrocket unless you've got big bucks to spend.-----Sponsored by:Captivate.fm, the world's only growth-oriented podcast hosting company-----Links-----Got a podcasting service? Become a sponsor of Podcast Pontifications.Serious about podcasting? Join the Advancing Podcasting Community today!-----Podcast Pontifications is a production of Simpler Media. New episodes are released weekly, providing ideas and questions every serious podcaster should be thinking about. It's created and hosted by Evo Terra. Follow him on Twitter for more podcasting insights as they come. Allie Press assists with the production and transcription of the show. If you received value from today's episode of Podcast Pontifications, return some of that! We call it value-for-value and there are many ways to show your support. Mentioned in this episode:Support For Abortion RightsWhile Americans overwhelmingly support the right of an individual to make their own decisions about abortion, unfortunately, that right is no longer protected everywhere in the U.S. The Supreme Court overturned Roe v Wade on June 24th. Abortion is a basic healthcare need for the millions of people who can become pregnant. Everyone should have the freedom to decide what’s best for themselves and their families, including when it comes to ending a pregnancy. This decision has dire consequences for individual health and safety, and could have harsh repercussions for other landmark decisions. Restricting access to comprehensive reproductive care, including abortion, threatens the health and independence of all Americans. Even if you live in a state where abortion rights are upheld, access to safe medical procedures shouldn’t be determined by location, and it shouldn't be the privilege of a small few. You can help by donating to local abortion funds. To find out where to donate for each state, visit donations4abortion.com. If you or someone you know needs help, or if you want to get more involved, here are 5 resources: 1. ShoutYourAbortion.com is a campaign to normalize abortion. 2. DontBanEquality.com is a campaign for companies to take a stand against abortion restrictions. 3. Abortion.cafe has information about where to find clinics. 4. PlanCPills.org provides early at-home abortion pills that you can keep in your medicine cabinet. 5. Choice.CRD.co has a collection of these resources and more. We encourage you to speak up! And spread the word.Captivate.fmWhether you’re a new or veteran podcaster, if you’re serious about audience growth then Captivate unique feature set and proven, deep-dive education should be the next thing you try. Get a 7-day free trial and access to Captivate’s Podcast Growth Labs at Captivate.fm.Captivate.fmThis podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy