8 Minute Millionaire: Learn the Secrets of Millionaire Entrepreneurs

309. Our Plan To Go From $0 to $100,000/Month From Podcast Sponsorships in 12 Months - Part 2

May 27, 2024

Discover the journey from zero to $100,000 a month in podcast sponsorships. Hear about the initial struggles and emotional rollercoaster of entrepreneurship. Learn the importance of resilience and setting audacious goals. Dive into strategies for growth, including break-even funnels and self-liquidation offers. Explore the challenges of securing sponsorships and adapting monetization strategies. Additionally, get insights from a transformative experience overseas, showcasing the evolution of podcast growth tactics.

46:41

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Quick takeaways

Justin Williams highlights the significance of setting ambitious goals to drive motivation and focus in achieving financial success through podcast sponsorships.

The 'trough of sorrow' is a crucial phase for entrepreneurs, emphasizing the need for resilience and belief in one's mission during challenging times.

Investing in growth through paid advertising and continuously adapting strategies are essential steps for expanding audience reach and securing podcast sponsorships.

Deep dives

Exciting Concerts and Events

Several upcoming concerts are highlighted, featuring popular artists such as Deftones at Madison Square Garden and Eagles at The Sphere. Fans are encouraged to secure their tickets quickly due to high demand and limited availability. The podcast emphasizes that attending live music events can greatly enhance the overall experience for music lovers. This connection to live performances showcases the joy of music alongside the excitement of the events.

Intro

2min

Navigating the Ups and Downs of a Podcast Journey

7min

From Struggles to Strategies: The Journey of Podcast Growth and Monetization

27min

The Journey of Business Growth: Goals, Resilience, and Self-Liquidation

10min

Strategies for Business Growth and Investment Opportunities

2min

Our Plan To Go From $0 to $100,000/Month From Podcast Sponsorships in 12 Months - Part 2

In this episode, Justin Williams, provides an update on MU's ambitious goal of making $100,000 per month through podcast sponsorships. Justin shares the challenges, lessons, and successes encountered over the past year, including overcoming dismal initial downloads, the 'trough of sorrow,' and strategies for growing their audience. He emphasizes the importance of creating a break-even funnel, investing in growth through paid advertising, and learning from trial and error to eventually achieve financial success. Justin also discusses the value of having a big, hairy, audacious goal, staying persistent, and continually adapting to changes in the business landscape.

What Justin discusses:

+ Journey to $100K Per Month with Podcast Sponsorships

+ The Humble Beginnings of Millionaire University

+ Setting Ambitious Goals for Podcast Growth

+ The Launch and Initial Struggles of Millionaire University Podcast

+ Facing the Trough of Sorrow: Overcoming Initial Failures

+ Investing in Podcast Growth: A New Strategy

+ Challenges in Securing Podcast Sponsorships

+ Adjusting Strategies and Finding Success

+ Navigating Programmatic Ads and Audience Reach

+ The Journey to Finding the Right Agency and Sponsorship

+ A Revelation in Madrid: Monetizing Guest Appearances

+ Evolving the Podcast's Monetization Strategy

+ Achieving a Self-Liquidating Model for Podcast Growth

+ Setting and Pursuing Audacious Goals

+ The Power of Persistence and Pivoting in Business

+ Exploring New Ventures: Newsletters and E-commerce

+ Final Thoughts and Future Plans

Resources from this Episode:

Acorns - Click Here to Save and Invest with Acorns.

Kajabi - Click Here to Launch Your Online Business with Kajabi. Start your FREE 30 Day Trial Today!

Shopify - Making Commerce Better for Everyone. Sign up for 30 days for only $1 at Shopify today!

Spotify Ad Newtwork - S.P.A.N. - click here to learn more about the Spotify Ad Network.

FREE Millionaire University Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Wanna get social? Click on any of the links below to connect with us.

Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!

And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

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