James and Sam are away this week, so time for an interview in more detail than we normally would. Norma-Jean Belenky discusses her new podcast PodBiz, which explores the various ways podcasters monetize their content through transparent conversations with industry professionals.

• PodBiz aims to answer the question "where's the money in podcasting?" through interviews with experts in advertising, subscriptions, and alternative revenue models
• Some independent creators with just 1,200 downloads per episode are making six-figure incomes from their podcasts
• Advertising remains strong, but subscription models are gaining significant traction across the industry
• Organizations like AIR (Association of Independent Radio Professionals) publish rate cards to promote fair compensation for podcast production roles
• Quality podcast production requires adequate labor and resources – "good work takes labor"
• Value-for-value models and cryptocurrency-based micropayments remain niche but have potential for growth
• Event hosting, merchandise, and packaging content across multiple platforms are effective additional revenue streams
• Podcasters are building communities through newsletters and events to strengthen audience relationships
• AI tools help reduce labor-intensive aspects of production but raise questions about transparency and disclosure
• The podcast industry faces potential regulatory challenges as governments implement content restrictions and age verification

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From Ads to Subscriptions: How Today's Podcasts Actually Make Money