LinkedIn provides underpriced attention for podcast growth and income increase.
High download numbers are not necessary for podcast monetization; niche audiences and strategic approaches are key.
Deep dives
LinkedIn's Surprising Impact on High-Income Podcasters
High-income podcasters have found success attributing their growth to LinkedIn, a platform often overlooked in the podcasting world. Despite conventional wisdom focusing on platforms like TikTok and Instagram, LinkedIn offers underpriced attention that allows podcasters to connect with a professional audience more effectively. The data reveals a significant discrepancy in LinkedIn usage between high and low-income podcasters, highlighting the strategic importance of targeting specific platforms for audience engagement.
Monetization Beyond Download Numbers
Contrary to common beliefs, high-income podcasters do not need high download numbers to monetize their shows. The podcasting survey indicates that podcasts with fewer than 1,000 downloads per episode can generate substantial revenue. This challenges the notion that download numbers directly correlate with financial success in podcasting, emphasizing the importance of niche audiences and strategic monetization approaches.
Diversifying Marketing Channels for Podcast Growth
Successful podcasters, especially high-income earners, leverage multiple marketing channels to promote their shows, averaging seven active channels. While low-income podcasters also engage in multi-channel marketing, the approach and results differ. The survey data suggests that the number of channels a podcaster uses does not solely determine financial success, as factors like targeted engagement and effective content distribution play crucial roles.
Which social media channel gives you the biggest bang for buck when it comes to podcast growth? Based on the State of Podcast Marketing Report 2023, LinkedIn has the most underpriced attention and it’s where high-income podcasting entrepreneurs are focusing.
In this episode with Grow the Show’s Kevin Chemidlin, you will learn exactly why LinkedIn is the place to be and how to use it to grow your podcast and increase your income.
Check out the full show notes here: https://www.winthecontentgame.com/46