How Joe Saul-Sehy Grew His Financial Podcast to 180k Listeners
Oct 8, 2024
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Joe Saul-Sehy, host of the popular Stacking Benjamins podcast, shares his journey to amassing 180k listeners with a unique mix of humor and finance. He discusses initial challenges and pivotal moments that led to his growth, as well as his creative approach to content and audience engagement. Joe emphasizes the importance of diversifying income streams beyond traditional ads and highlights innovative strategies like newsletters and YouTube. He also reflects on staying authentic and the role of structure in boosting creativity.
Joe Saul-Sehy transitioned from financial planning to podcasting, utilizing humor and relatability to engage listeners in financial topics.
Initial struggles in audience growth were overcome by adapting to listener feedback, creating a more relaxed and entertaining podcast atmosphere.
Diversification of content delivery through YouTube and newsletters increased revenue stability and engaged a broader audience demographic.
Deep dives
The Journey to Stacking Benjamins
Joe Saul Sehi shares his unconventional path to creating 'Stacking Benjamins' after transitioning from a financial planner to a financial writer and podcaster. He highlights how leveraging his unique experiences, including public speaking and PR work, provided him with an advantage in building a brand in the personal finance space. Initially starting with a blog, the idea evolved into a podcast, despite early challenges and self-doubt. By embracing his personal journey and recognizing the importance of humor in finance, he crafted a relatable platform for listeners seeking engaging financial advice.
Adapting to Growth and Feedback
Sehi discusses how the show initially faced difficulties in gaining traction but experienced significant growth after refining its approach. The importance of listener feedback helped him realize that a more relaxed and humorous tone was favored by audiences, in stark contrast to the serious nature of many financial shows. Rebranding the podcast twice, they focused on accessibility and relatability, making financial topics fun and easy to digest. This pivot not only increased listener engagement but also expanded their audience demographics, with a notable gender balance among listeners.
Monetization Strategies that Evolved
Joe elaborates on how the monetization of 'Stacking Benjamins' progressed from basic sponsorships to a more robust business model. He initially focused on finding reliable sponsors, which helped solidify his brand’s credibility in the financial space. However, recognizing a need for diversification, he began expanding into YouTube, newsletters, and social media to create multiple revenue streams, ultimately leading to greater stability. This approach allowed for building an engaged audience while simultaneously increasing the overall financial health of the podcast brand.
Creating Content with Purpose
The content creation process for 'Stacking Benjamins' is rooted in strategic planning, emphasizing strong production value over reactive spontaneity. By adopting a five-week production schedule, Joe ensures content relevancy and audience engagement, allowing him to focus on diverse topics that cater to their listeners' interests. This process includes table read sessions and collaborations with comedians to enhance the humor and accessibility of financial advice. By structuring the show this way, Joe has fostered an environment that encourages creativity without compromising quality.
The Power of Authenticity
In his reflections, Sehi emphasizes the significance of authenticity and passion in building a sustainable audience. He discovered that prioritizing his curiosity and interests led to more genuine content, which resonated with listeners. The realization that chasing trends diminishes audience connection was a pivotal lesson, reinforcing the idea that staying true to one's vision is key. This commitment to authenticity not only strengthened audience relationships but also fostered continued growth and engagement across all platforms.
After close to 2000 podcast episodes, Joe Saul-Sehy knows a thing or two about growing an audience.
In fact, his finance podcast, Stacking Benjamins, has amassed a massive following of 180k listeners, with shows averaging around 40k listens/episode.
Joe’s no stranger to awards, either.
Stacking Benjamins was named Best Personal Finance Podcast 3 times by the Plutus Awards, it was called Best Personal Finance Podcast by Kiplinger and Bankrate, and it was awarded the Best Business Podcast title by the Tim Ferriss Show, Startup, and others from the Academy of Podcasters.
Joe shares the details of his journey in this interview: how he initially struggled, what he did to grow the audience, and how "hockey-sticked" his results.
He talks about his recent struggles in podcasting and the events driving his decision to diversify with a view to serving his audience in multiple ways.
He also discusses standing out in a crowd, his ideation process, and why following his “north star” has served him well.
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