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7 Creative Ways to Monetize Your Podcast | Ep. #969

Mar 27, 2019

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In episode #969, we discuss 7 creative ways to monetize your podcast. Tune in to hear how you can actually make money from a podcast.

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TIME-STAMPED SHOW NOTES:

[00:27] Today’s Topic: 7 Creative Ways to Monetize Your Podcast
[00:32] 1: Use advertising.
[00:45] Some podcasts have ads before, during, and after the show. This is a great way to monetize.
[01:10] Podcast attention is highly rated right now.
[01:20] 2: Throw your own live event.
[01:30] Charge admission.
[01:58] People who listen to podcasts are often in a high income bracket.
[02:11] MeUndies spends a third of their marketing budget on Podcasting.
[02:30] 3: Subscriptions.
[02:40] Asian Podcasters monetize through subscriptions.
[03:16] 4: Sell info-products.
[03:57] 5: Sponsorships and VIP experiences.
[04:16] Our live event is sponsored and we are also offered premiere experiences at a cost, which is how we avoided charging people for the event itself.
[04:27] 6: Affiliate commission.
[04:45] Promote someone else’s product using a unique URL and get a kickback from the company you are promoting.
[05:04] 7: Promote physical products.
[05:15] One Podcaster promotes the Freedom Journal.
[05:30] That’s a great income stream.
[05:40] That’s it for today!
[05:46] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested!