How To Make Money Podcasting:πŸ’°11 Ways To Monetize A Podcast

disclosure : Links to other sites may be affiliate links that generate us a small commission at no extra cost to you. think of starting a podcast and want to know how podcasters make money ?
Or do you already have a podcast and are looking for ways to increase your earnings ?
adept news, there are many different ways to monetize a podcast…

Some work well when you are equitable getting started, and others work well once you ’ re more established and have a larger audience .
Either way, you ’ ll find at least one means to make money podcasting no matter what stage you ’ re at .
Let ’ s get started :

Featured Monetization Method

If you ’ rhenium read this before April 24, 2022, I highly recommend signing up for this dislodge bouncy masterclass on starting a profitable membership .

Affiliate Marketing

Affiliate commercialize or operation selling is where you get a commission when you refer people to other companies. You will typically earn money when person makes a buy .
Affiliate selling works well when you promote products or services that you use or are familiar with, so you can authentically promote them .
You could create your own β€œ ad ” topographic point to promote an affiliate propose if you don ’ t have the audience size for traditional sponsorships. Or you can naturally include a citation of a product or service as you deliver your regular content .
There are affiliate programs for about every popular intersection or service. Amazon is one of the more popular programs, or you can besides join a network like ShareASale where you can search and apply to join specific programs .
Using a plugin like Lasso is highly commend. This allows you to create short links that redirect to your especial track link ( among a bunch of early useful features ). This makes it easy to say a short, memorable URL on your podcast .
It ’ sulfur besides helpful to create a WordPress web log therefore people can easily learn more and find all the different companies you mention .
I use Buzzsprout podcast host ( see our follow-up ) for my podcast and if you sign up through my special connect, Buzzsprout will give you a unblock $ 20 endowment card from Amazon while I got a commission at no extra cost to you. Pretty cool if you ask me !
Update: Buzzsprout recently added an consort market to make it adenine easy as possible to make money with your testify :
You can read all about it in this detail blog post .
If you want to learn more about how to do affiliate commercialize honestly and efficaciously, check out this amazing ( and dislodge ) affiliate marketing usher by Pat Flynn .
When you download the guide, you ’ ll besides get the opportunity to grab his 1β€’2β€’3 Affiliate Marketing for $ 200 off !

Sponsors & Advertising

ad and sponsorships are credibly the first things you think of when looking for ways to make money from podcasting .
There are several unlike podcast ad networks that can connect you with advertisers. They do all the exercise of finding advertisers, negotiating rates, getting the script, and more. You normally need a larger consultation of at least 5K or 10K listeners per calendar month to work with them .
One of the largest ad networks is Midroll, another popular network is Authentic, and many of the podcast host companies have their own networks as well .
Another choice that can work good if you have a smaller or more niche audience is to reach out directly to companies that would be a bang-up suit for your audience .
And like I mentioned on the podcast, Casper equitable came out with this parody : Casper The Podcast Sponsored By Casper ( connect goes to SoundCloud ) .

Courses

many democratic podcasters create their own on-line courses to teach similar subject to what they talk about on their podcast .
on-line courses are a great way to teach something in an easy-to-follow way where person can get a particular resultant role once they ’ ve completed it .
It helps to have an electronic mail list so you can let your consultation know about your course both on your podcast and through electronic mail .
Check out the best e-mail serve supplier for podcasters here .
Another option to promote courses is to use a webinar platform to help show the respect of what you offer for about 45 minutes and offer a naturally you have at the end .
These work well because people are engaged and get interact with you live .
See the best webinar platforms here .
One example from me : I have a course called Podcast Website LaunchPad where you can learn to create a podcast WordPress web site like this one. It ’ south built on the docile course platform .
besides, check out these courses to learn podcast .

Services

You can offer services that tie in with the content on your podcast .
I used to analyze and critique on-line ads on a podcast and the service I offered was Google AdWords and Facebook Ads management.

By showing that I knew what I was an adept on the subject, people knew that they would get expert-level ad management. This made it much easier to get clients without having to β€œ sell ” them on my abilities .
You could do something like in many different industries .

Coaching & Consulting

Coaching & Consulting is slightly like to offering a service, but you normally don ’ triiodothyronine do the work for them. rather, you help or guide them on how to improve .
common industries that have a draw of consultants and coaches are seaworthiness, diet, business, and teach, but I ’ m surely there are consultants in every industry .

Crowdfunding & Donations

You can ask for donations to help support you and your podcast. More entertainment-focused podcasts would be a beneficial fit to monetize in this means .
A coarse chopine for accepting donations is Patreon. They make it actually easily to offer extra content or bonuses depending on the come of money people support you with .
They even give you the ability to have a separate paid-only RSS feed, which ties in nicely with the adjacent method to make money podcasting…

Premium Content

premium message can very be anything you want, but some of the park ways podcasters offer premium content are with :

  • Additional interviews
  • Behind-the-scenes content
  • Ad-free RSS feed
  • Early-access RSS feed
  • Q&A with the hosts

Have fun coming up singular ways to deliver extra prize to your community for a few dollars per calendar month .
The Daily Wire is a podcast and newsworthiness web site that offers the video recording version of the podcast, live episodes, a tumbler, and other bonuses when you purchase an annual subscription. No topic what you think about the contentedness they offer, this is a great model of premium content .

Events

Hosting events is not only a capital way to make money, but bring together your best fans and bring them evening more measure .
One example I heard of from Pat Flynn was the Walker Stalker conference. It was started by a podcast that talked about The Walking Dead television receiver show .
They do events all over the populace and tied get the actors involved. That sounds amazing !
Another exercise from Sam Harris combines Patreon and live events where when you become a Patron you can early access tickets to his live events .

Physical Products

physical products are things like t-shirts, mugs, and other sag .
The Generation Why Podcast offers a short ton of different products, plus premium content, and a very active Patreon page .
You can use a web site like Teespring to make certain you get enough sales before they get printed – that way you don ’ metric ton get stuck with a bunch together of products .

Books

Leveraging a popular podcast into book sales is another excellent way to make money and increase your assurance .
You can use your podcast hearing to get those initial sales and reviews that will help your book stand out excessively .
Two examples that I ’ m familiar with ( and have purchased ) are :

  • Pat Flynn wrote the WSJ bestsellerΒ Will It Fly?
  • Chris Ducker recently came out with Rise of the Youpreneur

You can besides be a guest on early podcasts to help promote your ledger when it launches .

Public Speaking

many podcasters get approached for speaking gigs in their industry. It makes common sense that if person likes the what they hear on your podcast, you would most likely be a good paroxysm to speak at conferences and live events ( and get paid to do it ) .
Speaking fees can range from a few hundred dollars ( or fair free hotel & attendance ) to 6 figures or more .
public speaking is another bang-up manner to increase your assurance deoxyadenosine monophosphate well as getting exposed to a new audience that will hopefully become future podcast listeners .

Combine Methods

As you can see, there are many different ways to make money from podcasting. Combining a few different ways is a democratic approach and you can constantly change and adjust your monetization methods over clock .
There is no β€œ right ” way to turn your podcast into a business, just the right manner for you .
Did I miss any monetization methods that you use ? Or do you have a darling ? Let me know in the comments !

How Much Money Do Podcasts Make?

Do podcasts make money ? Of course they do !
big names are getting large amounts of listeners and boastfully amounts of ad gross in fall .
According to AdvertiseCast, average 30-second CPM ( price per 1K listeners ) rates are $ 18, while 60-second CPMs are $ 25 .
The Ringer had about 420 million downloads in 2018, earning $ 15 million in ad tax income ( paywall ). Amy Schumer got a $ 1 million payday fair to create a express for Spotify .
But how much do β€œ smaller ” names make ? And how do they do it ?
here are a couple of examples :

  • The Bowery Boys is a podcast about the history of New York City and makes over $3,800/month through Patreon.
  • The Last Podcast On The Left makes over $57,000/month just through Patreon. They also sell shirts and do regular live shows in different cities.

You can type β€œ podcast ” into the Patreon search box to see more examples, but not everyone shares their gross, although you can estimate it by the number of patrons .
here is an concern and useful analysis of top-earning podcasts on Patreon. What is clear is that consistency and longevity play a boastfully function in how much money people make podcast .

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