How You can Monetize Podcasts?
Podcast is the term use to describe a recorded audio file wherein the audience can download it to their smart phone, tablet or computer or even subscribe to the podcaster. They could listen to the audio at a time most convenient for them. Even though listening to podcasts is free, there are many podcasters who seek ways to get financial returns from the effort and time they spent.
There are numerous intelligent and clever podcasters who frequently discover new ways on making money with this platform such as the American Podcast. Following are some methods that you might try too if you like.
Tip number 1. Create an email list truth is, podcast is a great way to build your email list of people who are interested to your chosen market or niche. You may ask people to submit their email address prior to downloading your podcast or perhaps, offer them free stuff while theyre listening to the podcast. For example, you may offer checklist or report thats related to your podcasts topic. As you use this data, you can start promoting your services and products via email.
Tip number 2. Affiliate marketing this is one of the effective methods how you can make money by using podcasts. All that needs to be done is to recommend other business services and products to your listeners or market. Businesses that sell the items you recommend will then give you a commission every single time that someone bought from you. You dont have to keep inventory of products or even deal with customers. As a matter of fact, you are living here the American dream since your job is to become the middleperson for the business and to rake in commission when you sell something.
Tip number 3. Sell your own services and products there are countless of businesses that are producing podcasts along with their site and market their services and products. Video podcasts are quite good for this as you can present to your prospects how things happen without giving explanations for them to analyze.
Tip number 4. Advertising and sponsorship you will have to several thousands of downloads per podcast before businesses become ready to pay sponsorship fee on your podcast or perhaps, advertise their services and products during your airtime. This is actually great news for it enables you to set your own fee for the advertising space or sponsorship to your podcasts. It is pretty basic to say that the higher your downloads, the better the fee you can collect.