How You can Monetize Podcasts?
Podcast is a type of recorded audio file to which the audience may subscribe to and even download it to their smart device be it tablet, smart phone or a computer. They may listen to the audio at any given time they want. 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 the proven methods that you may try as well if you want to.
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 might ask people to submit their email address before they can start downloading your podcast or offer them stuff for free as they listen to the podcast. You may for example offer a checklist or report related to the topic of your podcast. Using this data, you will be able to promote your services and products through email.
Tip number 2. Affiliate marketing this is one of the effective methods how you can make money by using podcasts. All that has to be done here is to recommend the services and products that you think can add value to your market. Businesses that are selling items you are recommending to pay will give you commission whenever someone has bought something from them. Theres no need to have inventory of the products or deal with customers. Basically, youre living the American dream as your job here is to act as the middleperson for the business and accumulate commissions whenever you sell something.
Tip number 3. Sell your own services and products there are plenty of businesses that make podcasts together with their website to market their services and products. Video podcasts are pretty good as this allows you to present your prospects the way things are happening in your business without giving too much information for them to digest.
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. Here, you may set the amount that you like for advertising space or sponsorship to your podcasts. Needless to say, the more downloads you get, the higher the amount you can charge to clients.