4 Tips to Effectively 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 actually countless of remarkable podcasters who keep on finding new ways on making money with this platform including 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. What you can do here is to ask people to give you their email address before they can proceed downloading the podcast or, you can also do giveaways while they listen. 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 needs to be done is to recommend other business services and products to your listeners or market. Businesses that are selling items you are recommending to pay will give you commission whenever someone has bought something from them. 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 as a matter of fact, many businesses these days are taking advantage of podcast with their page to be able to endorse 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 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 can set the amount you want for the advertising space or sponsorship to your podcasts. Obviously, you can charge clients more if you receive high number of downloads.