how much money can you make with a podcast

Some Of The Highest Earning Podcasts

• The Joe Rogan Experience makes about $800,000 per episode. ...
• Chapo Trap House has 32,874 patrons, which equals $147,262 per month.
• Pat Flynn’s Smart Passive Income has two podcasts. ...
• Last Podcast On The Left has 11,290, which equal $53,958 per month.
• Tiny Meat Gang has 10,638 patrons, which equals $51,199 per month.

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How many listeners does a podcast need to make money?

If your new episode gets, within 7 days of its release:

• more than 26 downloads, you're in the top 50% of podcasts.
• more than 72 downloads, you're in the top 25% of podcasts.
• more than 231 downloads, you're in the top 10% of podcasts.
• more than 539 downloads, you're in the top 5% of podcasts.
• more than 3062 downloads, you're in the top 1% of podcasts.

What to do when your podcast Make Money?

How Do Podcasts Make Money?: 10 Ways to Monetize

1. Offer Courses. Offering educational courses or something to do with your passion and hobby is one of the best and topmost ways to make money from podcasts.
2. Provide Services. Providing various services is also possible through podcasts. ...
3. Sponsors and Advertising. ...
4. Consulting. ...
5. Crowdfunding. ...
6. Premium Content. ...
7. Events. ...
8. Merchandise. ...
9. Books. ...
10. Public Speaking. ...

Can you make money with a podcast?

Yet, despite what many claim, it's absolutely possible to make money with a podcast. Plenty of show-runners are making a living doing that, right now. Others are happy to bring in enough to cover their hosting costs, or pay for a takeaway every few weeks.

What makes a good podcast great?

Podcast Tips: 7 Strategies to Build a Successful Show that Thrives

1. Define a Successful Podcast. First thing's first: success means many different things to many different people. ...
2. Have a “Why”. When you run a podcast, things don't always go to plan. ...
3. Play The Long Game. ...
4. Make It Sustainable. ...
5. Don't Get Stuck On “The Launch”. ...
6. Take Control. ...
7. Don't Rely On Audience Participation. ...

Can you make good money with a podcast?

Do podcasts make money? Of course they do! Big names are getting large amounts of listeners and large amounts of ad revenue in return. According to AdvertiseCast, average 30-second CPM (cost per 1K listeners) rates are $18, while 60-second CPMs are $25.

How many listeners do you need to make money on a podcast?

3. 5,000 listeners per episode almost guarantees a successful monetization. This is where a lot of interesting things start happening. Having more than 5,000 listeners per episode makes a podcast over 29 times more likely to be monetized successfully.

How much can podcasters make a year?

So how much money can podcasters make? To be frank, most make $0. In fact, many podcasts have negative cash flow because they spend money buying equipment and paying hosting fees before they earn a single dollar. Creative work like podcasting doesn't make any money until people choose to watch you.

Do podcasts on Spotify make money?

Commissions From Affiliate Marketing: Affiliate marketing is another primary avenue for earning money on Spotify podcasts. You quote a unique link in your podcast through which your listeners can purchase products. The seller pays you commissions on purchases customers make through your link.

How much does it cost to start a podcast?

In fact, if you already have a computer and you're operating on a shoestring budget, you can record, edit, and launch a podcast for less than $200. On the other hand, if you want to use higher-end equipment, starting a podcast can cost a few thousand dollars.

Can you make a living off a podcast?

So is it even possible for new podcasts to make money? The answer is yes. By setting up a few automated revenue streams, new podcasters can accrue passive income that grows alongside their audience, giving them time back to focus on podcasting.

How hard is it to start a podcast?

Starting a podcast isn't difficult, but there are a number of steps you'll need to go through in order to get it launched. In this podcasting tutorial, we'll walk you through every step of the process: Choosing a topic & name. Show and episode format.

How long does it take for a podcast to make money?

Relying on the experience of Marc Clair, a podcast host, and producer, it may take as long as 18 months before you start seeing results. That's if you produce a show weekly. In his words, things can be faster than stated if you have luck, a marketing budget, and irresistible content.

How do podcasters make money?

1. Sponsorships. Sponsorships are the most common way podcasters make money. This is when the podcast promotes the sponsor during the show. You probably hear your favorite shows plug their advertisers a few times in every episode. How much you earn from a sponsor depends on the number of downloads your episodes earn.

Why do podcasts have negative cash flow?

In fact, many podcasts have negative cash flow because they spend money buying equipment and paying hosting fees before they earn a single dollar. Creative work like podcasting doesn’t make any money until people choose to watch you. It takes time for listeners to decide you have value.

What is affiliate sales?

Affiliate sales are similar to sponsorships, but instead of getting paid by the download, you get paid based on what you sell for another company. The other company pays you a commission for each sale. Audible has a popular affiliate program that a lot of podcasters and YouTubers take advantage of.

Does audible have an affiliate link?

Audible gives you a special affiliate link to promote. When someone uses your link, you get credit for the sale and earn $15. If you monetize with affiliate sales, make sure the company gives you a simple link that’s easy for you to say and your listeners to understand. Good affiliate URL: www.sponsor.com/your-name.

What are the Income Sources for Podcasters?

There are several income sources available for podcasters. These include:

How Much Do Most Successful Podcasters Earn?

Podcasters charge for ads based on the number of people who have listened to the episode.

Conclusion

Exactly how much do podcasters make? You should know by now that it depends on several factors.

Why do big businesses pay for podcasts?

This is good information to have if you plan to sponsor a podcast. Big businesses are willing to pay for podcasts, because they build intimacy and trust over time. However, if you are planning to start a podcast, this big-money info is not a guiding star.

How does podcasting help you?

Podcasting can help you build skills, meet people, and get a better job. You can connect with other people in an enlightening way. Your podcast can help people finish boring tasks, endure long drives, withstand chemo, bike one more mile on the exercise bike, or get a good night's sleep.

What do libraries offer for podcasts?

Libraries sometimes offer courses, equipment and quiet space. If you're starting a podcast, you have some fixed costs (such as gear, hosting, branding) and variable costs (time, energy, enthusiasm). However much it costs you to make your podcast, your podcast's idea, or niche, has to be equally interesting, unique, well-crafted, and necessary. ...

Who were the celebrities before podcasting?

The community it creates may be smaller, but more enthusiastic. Joe Rogan and Amy Schumer were celebrities before they started podcasting. Serial was widely promoted by This American Life, and followed a changing news story.

How much did podcast ads cost in 2018?

Ever listened to a show that took a quick break to run an ad? There’s a good reason. According to the Interactive Advertising Bureau, marketers spent $479 million on podcast ads in 2018.

How much money did Joe Rogan make from his podcast?

According to Forbes, the stand-up comic earned $30 million from his show in 2019. But this wasn’t an overnight success story.

Why do advertisers like to air spots on podcasts?

Sponsors and advertisers love to air spots on podcasts because they usually have highly engaged audiences. More than half of podcast audiences listen to a full episode of a show—and 41% of listeners will play through most of an episode. This means the majority of listeners will actually listen to an ad!

Why is affiliate marketing important for podcasts?

Affiliate marketing is a smart place to start for new podcasters because you don’t have to pitch anyone or set up deals with a sponsor. You just have to sign up with a company who runs a program.

How many affiliate offers does Jenna have?

Jenna only shares five affiliate offers with her audience over the course of a year. They just happen to be products that she loves—that is the key to affiliate marketing. (Just make sure you disclose any affiliate links with your audience. For legal reasons and to make sure you’re building trust with your listeners!)

What do content creators worry about?

Many content creators worry about feeling sales-y or bugging their audience members. We’ve all been there. Don’t worry, if you focus on sharing incredible content with your people, you’ll naturally open the door to recommending your own products.

Do you have to sell on the show?

You don’t have to sell directly on the show . If you’re a service provider, you can offer a free 15-minute consultation where people can book a call with you. Just make sure to set up a special link so that you can track who comes in from your show!

How many people are making podcasts?

There’s no doubt about it: podcasting has become one of the hottest new career paths in the media industry. According to Edison Research, approximately 90 million Americans are making podcasts a part of their everyday entertainment; that number continues to grow at a rapid rate.

What is podcasting?

Create products, services, or experiences suited to your audience. Many podcasters combine their digital audio content with products such as online coaching, branded merchandise, or even live sessions as a means for earning profits and expanding their digital reach.

How much does H3 make?

According to industry source Social Blade, extremely popular and successful podcasts like H3 (aired on the Twitch platform) can earn as much as $425,000 per year from several different revenue sources.

Where can I go to school to become a podcaster?

At the Media Schools, located in Ohio, Colorado, Illinois, and Miami, you can enroll in your choice of industry-leading broadcasting programs and build your skills with professionally-led podcasting classes.

Can I make a living as a podcaster?

You may be surprised to learn that not only can you make a living as a full-time podcaster, but it’s also a potential long-term career. Podcasting can present an impressive array of opportunities for success.

Can you use a special link on a podcast?

Listeners can use a special link or code to purchase products and services recommended in your podcast, earning you steady revenue without requiring significant effort on your part. Be sure to select products that will appeal to your audience for the best possible results.

Do you have to have a broad audience to sponsor a podcast?

You don’t necessarily have to have a broad audience to take on podcast sponsors, making it an excellent option for earning money as a new podcaster. Advertisements may air before or during your podcast, and you’ll typically build revenue based on the number of episode downloads.