monetize your podcast

Monetize Your Podcast With These 10 Proven Methods

	Clover POS	Revel POS Systems	Lightspeed Retail POS	Square POS
	Visit Site Read Review	Visit Site Read Review	Visit Site Read Review	Visit Site Read Review
Best For	Ease-of-use	Versatility	Advanced features	Free POS
Monthly Fee	Starts at $0	$99	$99+	Starts at $0
Free trial	30 days	None	14 days	Free version

Jun 29 2022

Full Answer

How to find the best way to monetize your podcast?

• Ask for donations. The simplest way to monetize a podcast is to ask people for money. Plenty of fans are happy to ...
• Create paid membership tiers. The latest trend in podcasting is creating paid membership tiers. Listeners can pay to ...
• Sell sponsorships or ads. Sponsorship is the most common way to monetize a podcast. Aside ...

What is the best way to monetize a podcast?

Top 5 Ways to Monetize Your Podcast

1. Online Courses. We launched our first online course, Podcasters’ Paradise, in October 2013, just a little over one year after launching the podcast, Entrepreneurs On Fire.
2. Sponsorships. About 6 months post launch – in March of 2013 – an author reached out to John and asked if he could sponsor the podcast.
3. Affiliates. ...
4. Crowdfunding. ...

More items...

How to make money with your podcast?

1. Put price tags on their wish lists. The way that your grandkids have grown up consuming information is profoundly different than how you and their parents did. ...
2. Give the gift of investment. Do you tend to slip some cash into your grandkid’s stocking along with a present or two? ...
3. Talk about the future.

How to promote and monetize Your Business Podcast?

• Run giveaways (more on this below)
• Throw a real party on launch day, either in-person or virtually via Facebook Live
• Publish two weeks of podcast-themed blog content. ...
• Switch out the email signatures on your personal email and on your team’s support emails
• Get your teammates and company execs to post and tweet about it
• Email 10 friends per day

How much money can you make from a podcast?

As an estimate, if your podcast has about 10,000 downloads per episode, you can expect to make between $500 – $900 per episode in affiliate sales.

Can I monetize my podcast on Spotify?

In tandem with opening access, Spotify announced it's rolling out monetization for video podcasts—specifically subscriptions, which it launched for audio shows last year and through which it will give creators 100% of revenue until the end of this year. (Starting in 2023, it'll take a 5% cut of subscription fees.)

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

A show with 10,000 listeners per episode is highly successful. You should have no problem finding sponsors at this point, and this can be added on top of other revenue streams, like selling services, direct contributions, or for example affiliate marketing.

How do you grow and monetize podcasts?

Promotion Strategies to Boost Monetizing your PodcastUse social media. It may sound obvious, but using social media is becoming an essential step to promote creative content. ... Interact with your audience. ... Try out sponsorships. ... Get in touch with fellow podcasters. ... Advertise your podcast.

How much do sponsors pay podcasts?

Prices for podcast sponsorships are typically based on the number of average downloads. Sponsors pay on a cost per mille (CPM) basis. Rates range from $18 to $50 CPM, though podcasts like This American Life or HowStuffWorks with millions of listeners can pull in a lot more.

Which platform is best for podcast?

What are the Best Podcast Hosting Platforms?Fusebox. ... Blubrry Podcasting. ... Spreaker. ... PodcastWebsites. ... Audioboom. Best hosting platform for taking your podcast to the next level. ... Libsyn. The most reliable podcast hosting site. ... Soundcloud. Best platform for audio content creators. ... Podomatic. Best freemium podcast hosting platform.More items...•

Is 1000 downloads good for a podcast?

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.

Can you make a living off a podcast?

All you have to do is read your ads on your podcast recording according to your agreement. In fact, sponsorships are the most lucrative way to make money from your podcast. According to IAB and PwC, advertisers spent $678 million in 2019 and will spend more than a billion in 2020.

Do people get paid for podcasts?

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 do I sell my podcast idea?

And of course, this being an audio format, the best way to sell your concept is by providing a teaser clip of what the podcast would sound like. In an age of compressed attention spans, Jensen suggests a clip no longer than a minute—just long enough to give your recipient a sense about the feel and flow of the show.

How do I get sponsors for my podcast?

Here are the four main ways to find podcast sponsors:Reach Out to Sponsors Directly. The simplest strategy? ... Partner With a Hosting Service. Podcast hosting services give your podcast a home on the internet. ... Join a Podcast Network. Some networks let you list your show (sometimes for free) on their platform. ... Use a Directory.

How much do podcasters make a year?

Income from Popular Podcasts The Dave Ramsey Show has 13 million weekly listeners and earns nearly $10 million in annual income. Shepard Armchair Expert earns $9 million a year with almost 20 million monthly listeners. The Bill Simmons Podcast earns $7 million yearly income. Chapo Trap House makes $2 million each year.

Do you get paid for podcasts?

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.

How much does Spotify pay per stream?

between $0.003 - $0.005 per streamSpotify pays artists between $0.003 - $0.005 per stream on average. That works out as an approx revenue split of 70/30 - so that's 70% to the artist/rights holders and 30% to Spotify.

How do I monetize my Spotify playlist?

The 7 steps to make money with Spotify playlists are:Choose the playlist theme.SEO-optimize the titles and description.Fill your playlist with 70 songs.Create your artwork.Grow your playlist followers to 1,000.Apply for monetization.Manage song submissions.

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.

Monetize a Podcast: 12 Real Ways to Make Money From Your Show

Since I launched the show in 2013, I’ve tried a bunch of different monetization strategies. I’ll share my experience and results with those below.

Start a Podcast that Gets Results

My buddy Pete from DoYouEvenBlog.com has put together a fantastic free training on how to start a podcast that grows your business.

1. Referral Sponsorships

Early on, I experimented with some “affiliate sponsorships” on The Side Hustle Show.

2. Traditional Sponsorships

These are sold on a CPM, or cost-per-thousand basis, and generally* priced as follows:

3. Sell Your Own Products

Selling my own products is another podcast monetization angle I’ve done over the years.

4. Sell Your Own Services (to Listeners)

The first service I ever sold on Side Hustle Nation was a private mastermind group with me for $97 a month.

5. Sell Your Own Services (to Guests)

Here’s an interesting tactic that can work even if no one is listening.

How to monetize a podcast?

A clever way to monetize a podcast is to include a downloadable resource with each podcast episode that relates to that episode. This is called a content upgrade because it upgrades or enhances the listener’s experience.

Why is hosting a podcast important?

The biggest benefit of hosting a podcast is that you establish yourself as an authority in a niche. Your audience comes to respect you as an informed expert. So a great way to monetize a podcast is to offer services that tie in with your topic.

What happens if you buy a bunch of inventory?

If you buy a bunch of inventory, there’ s a chance you won’t be able to sell it. 2. Public speaking. Public speaking is actually a simple transition for a lot of podcast hosts. If you’re comfortable speaking on your show, you’ll probably do well in front of a crowd.

What is information product?

An information product is a type of content people buy to learn new things. It could be anything: A template, a resource, a guide, an ebook, a worksheet, etc. Unlike content upgrades, a general information product doesn’t have to relate to a specific episode, but would solve a broader issue or problem your listeners face.

Does Joe Rogan have a store?

The Joe Rogan Experience’s merchandise store. And these days, you don’t need to actually handle any products in order to have your own E-commerce store.

What is the Daily Wire?

The Daily Wire is a podcast and news site that offers the video version of the podcast, live episodes, a tumbler, and other bonuses when you purchase an annual subscription. No matter what you think about the content they offer, this is a great example of premium content. Events.

How much does the Bowery Boys podcast make?

Here are a couple of examples: The Bowery Boys is a podcast about the history of New York City and makes over $3,800/month through Patreon. The Last Podcast On The Left makes over $57,000/month just through Patreon. They also sell shirts and do regular live shows in different cities.

What is the largest ad network?

One of the largest ad networks is Midroll, another popular network is Authentic, and many of the podcast hosting companies have their own networks as well. Another option that can work well if you have a smaller or more niche audience is to reach out directly to companies that would be a great fit for your audience.

What is coaching and consulting?

Coaching & Consulting is somewhat similar to offering a service, but you usually don’t do the work for them. Instead, you help or guide them on how to improve. Common industries that have a lot of consultants and coaches are fitness, diet, business, and teaching, but I’m sure there are consultants in every industry.

What is affiliate marketing?

Affiliate marketing or performance marketing is where you get a commission when you refer people to other companies. You will typically earn money when someone makes a purchase. Affiliate marketing works best when you promote products or services that you use or are familiar with, so you can authentically promote them.

Who is Ross Winn?

Ross Winn is the founder of Podcast Insights, the industry-leading podcast education site. He has helped thousands of people start and grow a podcast and loves to test out new gear and software.

Can you ask for donations for a podcast?

You can ask for donations to help support you and your podcast. More entertainment-focused podcasts would be a good fit to monetize in this way. A common platform for accepting donations is Patreon. They make it really easy to offer additional content or bonuses depending on the amount of money people support you with.

How Do Podcasts Make Money?

The best way to make money with your podcast is to ask your ideal customers to be guests on your show. Then, calculate your ROI by tracking the revenue made from guests who turned into customers.

1. Invite Your Ideal Customers to Be Guests on Your Show

When you invite your ideal customer to be a guest on your podcast, a few things happen:

2. Sell Subscriptions

Another way to make money podcasting is to sell subscriptions. Luckily, major podcast directories like Apple Podcasts and Spotify have made it relatively easy.

3. Make a Patreon

Creating a Patreon is the alternative to selling subscriptions via a podcast directory.

4. Sell Sponsorships or Ads

Podcast sponsors — otherwise known as advertisers — pay to promote their products and services on podcasts.

6. Ask for Donations

It usually works better to offer something in return for money, but sometimes you just need a donation.

7. Syndicate to YouTube

Syndicating or distributing your podcast to YouTube can lead to monetization. In order to sell ad space on YouTube, though, you need at least 1,000 subscribers and 4,000 watch hours in the last year.

Affiliate Marketing

Sponsors & Advertising

Courses

Services

Coaching & Consulting

Crowdfunding & Donations

Premium Content

• Premium content can really be anything you want, but some of the common ways podcasters offer premium content are with: 1. Additional interviews 2. Behind-the-scenes content 3. Ad-free RSS feed 4. Early-access RSS feed 5. Q&A with the hosts Have fun coming up unique ways to deliver additional value to your community for a few dollars per month. The...

See more on podcastinsights.com

Events

Physical Products

Books