There are several different ways to make money podcasting. In this video, I'll be sharing 9 models that you can choose from (beyond the traditional advertising and sponsorship model) and I'll show you examples of real life podcasts that are using that business model.
If you have yet to start your podcast, I suggest getting all the steps for free here on my blog: https://www.smartpassiveincome.com/guide/start-podcast-pats-complete-step-step-podcasting-tutorial/
When you're starting out, advertising and sponsorships are hard to obtain. You don't have a ton of listeners and you don't have a proven track record, so advertisers are not going to want to work with you. Not yet, at least.
These other methods can be implemented right away. Some are easier to setup than others, and while all may not apply to you or the type of podcast you have, all are monetization models that you should learn about so that you can begin to consider how you can start to make money from the hard work you do to produce your show.
I would suggest picking one of these methods to start making money with your podcast, and even if you don't have a ton of listeners, you can make this work.
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New and updated: "Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)"
https://www.youtube.com/watch?v=Y2nUb2YJT9s
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Your podcast artwork is often the first impression potential listeners have of your show, making it crucial for attracting attention and conveying your podcast’s essence. Design a visually appealing and professional cover that reflects your podcast’s theme and personality. Use high-contrast colors and clear typography to ensure readability, even at smaller sizes typically displayed on listening platforms. Incorporate imagery or icons that symbolize your content, helping to communicate your podcast’s focus at a glance. Ensure your artwork meets the technical specifications of major podcast directories, such as Apple Podcasts, to maintain quality across platforms. Compelling podcast artwork not only draws in new listeners but also reinforces your brand identity and professionalism.
A strong brand identity distinguishes your podcast in a crowded market and fosters loyalty among listeners. Define your podcast’s unique value proposition by identifying what sets it apart from others in the same genre. Develop a recognizable logo and consistent color scheme that reflects your podcast’s personality and theme. Craft a compelling tagline that succinctly conveys your podcast’s mission and appeal. Maintain consistency in your communication style, tone, and visual elements across all platforms, including your website and social media profiles. A cohesive brand identity not only attracts your target audience but also makes your podcast memorable and professional, encouraging long-term growth.
A podcast publisher manages the dissemination of your episodes to various platforms, handles distribution logistics, and often provides tools for analytics and monetization to support your show’s growth.
Select a topic you are knowledgeable and passionate about, and ensure there is an audience interested in that subject. A specific niche helps attract dedicated listeners.
Plan your questions in advance, ensure good audio quality for both parties, and create a comfortable environment for your guest. Interviews add variety and different perspectives to your show.
Popular options include Audacity, which is free and user-friendly, and Adobe Audition, which provides advanced editing features. Choose software that fits your skill level and editing needs.
Select a microphone based on your budget and recording environment. USB microphones are user-friendly for beginners, while XLR microphones offer higher sound quality for more professional setups.
Launching a podcast requires strategic planning to reach your target audience effectively. Start by defining your podcast’s niche and understanding the interests of your potential listeners. Develop a content plan with several episodes ready for release to provide immediate value. Choose a reliable hosting platform that distributes your podcast to major directories like Apple Podcasts and Spotify. Create compelling cover art and write clear episode descriptions to attract listeners. Promote your launch through social media, email newsletters, and collaborations with other podcasters. Engaging your audience from the start and maintaining a consistent release schedule will help establish your podcast’s presence in the market.