4 Tips to Effectively 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. It is up to them when they like to listen to the subscribed or downloaded audio. 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 some methods that you might try too if you like.
Tip number 1. Create an email list believe it or not, one way of identifying people and building email list of those who actually want your market or niche can be done through podcasts. 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. For example, you may offer checklist or report thats related to your podcasts topic. And then when you have their email, that is when you can begin with your promotion.
Tip number 2. Affiliate marketing this is one of the effective methods how you can make money by using podcasts. What is needed to be done here is to simply do recommendations or suggestions of your products and services to your audience. Businesses that sell the items you recommend will then give you a commission every single time that someone bought from you. You are free from having to deal with customers or even store products of theirs. 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 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 sooner or later, youre going to have thousands of downloads per podcast and this will push you to be noticed by businesses and transact with you to pay sponsorship fee or even advertise their products and services on 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.
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