How You can Monetize Podcasts?
A kind of recorded audio file where audience can choose to subscribe to and download even to their devices like computers, tablet or smart phone is called a podcast. They could listen to the audio at a time most convenient for them. And while it is true that it is completely free to listen to podcasts, still there are numerous podcasters who found ways how they can monetize it.
There are a number of clever and intelligent podcasters who regularly find new ways on how they can make money using the said platform like 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 podcast is actually a nice way of building your email list of those who are really interested in your 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. 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 among the simplest ways of making money using podcasts. What is needed to be done here is to simply do recommendations or suggestions of your products and services to your audience. Now say that someone has bought the items or services of the business you are selling from you, what will happen next is youll be given commission based on the agreed amount. You dont have to keep inventory of products or even 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 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 the moment that you receive thousands of downloads to your podcasts, then you can expect to start receiving offers like sponsorship on your podcast, advertisements of products and services on your airtime and so on. Here, you may set the amount that you like for advertising space or sponsorship to your podcasts. Obviously, you can charge clients more if you receive high number of downloads.