08:22 I'm going to say nothing at all. Very wise. I got there on my own, and I'm not thrilled about it. Can I do the thing I've wanted to do since episode one? You're going to anyway. I think loyalty and acquisition aren't opposites. I think we've been arguing past each other all season, and each of us is about half right. Make the case. Loyalty isn't the alternative to acquisition. It's what acquisition turns into given time. Every loyal listener you've got was once a total stranger. They came in through some door. A friend, a search, a clip in a group chat, you being a guest on someone else's show.
09:03 Then they liked what they found, and they stayed. Agreed so far. So should I focus on loyalty or on new listeners is a bad question. All your loyal listeners were new once. The real questions are whether people can get in and whether what they find keeps them. I'll push on one bit. You make it sound as if all the doors are the same, and they're really not. Someone who comes in because a friend said, you have to hear this, arrives half-converted. They've borrowed the friend's trust. Someone off a search arrives with nothing but a question. Granted, that one's better. Thank you. But it's not the only one that works.
09:44 Someone comes in off a search, gets their answer, likes the host, plays the rest of the episode. They can end up just as loyal. They simply start further back. Then let me add the bit. bit I've been trying to say since the loyalty episode. The one where you got me to admit a shared answer actually serves the regulars. Or was that the week after? No, that was it. You were very gracious about it. For you. I think I can put it better now, anyway. The best acquisition isn't the one that brings in the most people. It's the one that brings in the people who are still there in three months. So you can't judge it by the visit. You have to judge it by who stays. Yes, completely.
10:26 And the search industry, not you, the industry, measures the visit. The impression, the click, the first listen. Nothing about what happens after. That's a proper critique, and I'll take it. The visits are means. It is. So what I'd want is being findable for the people likely to stay, not the ones likely to bounce. Which takes us straight back to the three searches. The best podcast for freelancers person arrives wanting to subscribe. They're likely stayers before you've said a word. The rate negotiation person is likely to leave after three minutes, but they might share the moment on their way out.
11:05 Both worth having. They just need judging differently. And the mistake is lumping them together. Adding up all the visits when what you care about is whether they were the right ones. Here's my practical problem. You can guess what a query means. You can't actually ask the person who typed it. Sometimes you nearly can. Remember the Ask the Archive idea from the ChatGPT episode, where a listener asks your archive a question in plain words and gets an answer that plays the exact moment. The one that turned up again in my loyalty episode, yes. Think about what people type into a thing like that.