Podcasting is one of the best online business that you can do from home and earn millions of dollars. That is why I am listing the 9 best ways to make money from podcasting.
Do you have any doubts about making money from podcasting? If you do, then today your doubt is going to disappear. Here I am going to tell you how podcasters make money. There are lots of successful podcasters who are making living doing podcasting. You can also start podcasting and make money from home.
Before going to the topic, you need to understand one thing. This is a long time game. You have to wait for your success cake. If you are an impatient person, then Podcasting is not for you. There are so many podcasters that making thousands of dollars every month doing podcasting. Because they are on this game for a long time. If you want to enjoy your success cake in this field, then you have to give this a long time.
Now, you might be thinking about how long it takes to make money from podcasting. Well, if you start your podcasting career with the right approach, then you can earn a bit of money within the first 6 months. If you want to build your podcasting in a high position, then you have to spend years.
So, let’s see which are the best ways to make money from podcasting. Don’t forget to read this article till the end, because there are lots of information that you need to make money from podcasting. Stay Tuned!
How To Make Money From Podcasting: 9 Best Ways
Here I am introducing the 9 best ways to make money from podcasting. But you don’t need to choose all of these ways to make money from podcasting. You need to choose those ways that are convenient for you. There are a few methods that every podcaster can use.
1. Digital Products
Digital products are products that are electronic and they can be distributed in a very, very scalable way online, which is the benefit. There are lots of examples of this. For example, eBooks or music, software, online courses, and that kind of thing.
One example is The Fantasy Footballers podcast hosted by Andy, Jason, and Mike. They sell a digital product called the ultimate draft kit, which they offer to their listeners and it allows a person to download all the best projections, stats, and top players for their upcoming football draft. You buy it, it gets delivered to you via email, which is really cool.
So, my first recommendation for selling digital products through your podcast. Because digital products can be sold easily without any hassle and people love to buy these types of products online. So, use this way to monetize your podcast and make money.
Online coaching is one of the best jobs that anybody can do from home. Nowadays, people love to learn online. That is what you need to do to make money. If you love to get on Skype calls and talk people through processes, then you can easily do this job. It is much easier than creating courses. You just need a thing such as a booking form that can take payment and schedule a time.
You can use “Book Like A Boss” software to set up appointment easily without any hassle.
Getting a sponsor for podcasting is very difficult. Because companies want a high amount of traffic podcast that will help them to get more exposure to their companies. If you have a large number of podcast listeners, then you can easily get sponsors for your podcast. Otherwise, there is a tiny chance to get a sponsor.
However, it is not so difficult. You can contact local companies and talk with them about how well they can be benefited from supporting your podcast. If you can convince them, then you can easily get a sponsor for your podcast.
Before approaching any company, you need to choose someone that fits your topic. Because you are promoting any product to your listeners so that you need to ensure your listeners can be benefited from your sponsor.
Related Topic: How To Do Podcast Sponsorship
Do you know you can make thousands of dollars selling eBooks? An ebook is a book that can be downloaded online. These days people don’t love to read fat books. That is why the eBook business growing day by day. Creating an eBook is very easy if you know about every stuff that you need for creating an eBook.
You can publish any type of eBook. But you have to make sure about a few things such as:
- Relevant to your topic.
- Helpful for your readers.
eBook business is very profitable and easy if you are a knowledgeable person. If you can publish a really great eBook, then you can earn lots of money selling it to your podcast listeners.
5. Affiliate Marketing
Affiliate marketing is my personal favorite way to make money online. Because there is a huge opportunity to make thousands of dollars every month easily if you know how to do affiliate marketing in the right way.
If you are a podcaster, then you must be love to talk about a few products or services that you love. Also, your podcast listeners might be interested to know which products and services you use. You can easily promote your favorite affiliate products and services to your listeners. Every time anyone buys any product or service through your affiliate link, you will earn a commission.
However, if you want to do affiliate marketing, then the first thing that you need to do is choosing the best affiliate programs or you can look for your favorite products and services affiliate programs. If you choose the Amazon affiliate program, then your job will be easy. You can join their affiliate program in a few minutes.
6. Premium Content
It is a little bit tricky method to make money from podcasting. Because you can’t sell your whole podcast. In that case, you need to sell some premium content that you especially created for your listeners. You can add your premium content beyond your free content. If your listeners love to watch that too, then they need to buy it.
Another thing that you can do is you can sell your old podcast episodes. Many podcasters keep the most recent 50 episodes for free, but to access older ones, you have to pay. It is not so effective way to sell your content until listeners willing to pay for your old podcasts.
However, there is one problem to sell your old content. Because you are limiting your content. So, I will definitely not going to recommend making your old episodes premium. You should make premium content for your listeners, don’t limit your free podcasts.
Consulting is another best business for podcasters. Because you can earn lots of money by doing the consulting business. But you need to be a knowledgeable and well speaker so that people love to take your consulting. If you are not an experienced person on any topic, then why people will pay you money for consultation.
If you are really good at your topic and experienced, then you can provide this service to your podcast listeners and make money from them. You can start consulting business through Skype.
8. Public Speaker
Public speaking job is very good to make money. You can earn lots of money by doing this. However, you need to be a good speaker, knowledgeable person, and experienced to do this. Because nobody will hire a novice speaker that doesn’t have an experienced voice.
So, if you are an experienced, good speaker, and knowledgeable, then provide this service on your podcast episodes. Also, you can announce this service on your social media. There are lots of organizations that hold public speaking events.
Patreon is the best place for content creators. Content creators use this place to seek support from their community. If you have a huge community of podcast listeners, then you can use this method to make money from your audience.
It is a high earning way to make money from podcasting if you have huge podcast listeners. For example, if you have 100,000 podcast listeners, then you can seek support from your supporters. If 50,000 people donate $1, you will earn $50,000. So, if you have a huge audience, use this method to make money from podcasting.
How To Choose Podcast Monetization Method
It is the big question that every podcaster must ask themselves. Because every monetization option won’t work for every podcaster. You need to choose monetization methods that fit within your topic.
There are a few questions that you need to ask yourself before choosing monetization methods, such as:
- What are your strengths?: It is the most important question that you need to ask yourself. Are you a teacher, coach, performer, creator, etc?
- What is your podcast topic?: Depending on your podcast topic, you need to choose the monetization methods.
- Who is your audience?: Understanding your audience is the most important thing to do. Because the audience is the key element for your podcast business.
Once you found the answers to these questions, you’ll be able to choose the best monetization methods for your podcasting business.
How To Start A Podcast
Honestly, I don’t know anything about how to start a podcast. Even I don’t know how to build a podcast business. If you want to really build a podcast business from scratch, then you should learn from the experts.
That is why I have collected a few articles which will help you to know everything about the podcasting business and how to start a podcast business from scratch.
Here are a few articles which will help you to start a podcast business from scratch:
- How To Start A Podcast: A Complete Step-By-Step Tutorial
- THE 5 STEPS TO BECOMING A PODCASTER
- HOW TO START A PODCAST: EVERY SINGLE STEP FOR 2020
These are the best methods all successful podcasters use to make money from podcasting. You can also use these methods to make money from your podcasting. But you need to implement one or two methods in your podcasting. Otherwise, it will be difficult for you to manage.
Here are a few common podcast monetization methods:
- Affiliate Marketing
- Digital Products
I think I have delivered the best methods to make money from podcasting. What do you think? Let me know in the comment section. Before skipping this article, please share this article with your friends.