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. It is up to them when they like to listen to the subscribed or downloaded audio. 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 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 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. For example, you may offer checklist or report thats related to your podcasts topic. Using this data, you will be able to promote your services and products through email.
Tip number 2. Affiliate marketing if you want to make the most of podcasts, then this is one of the greatest ways you can do. 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 are free from having to deal with customers or even store products of theirs. As a matter of fact, you are living here the American dream since your job is to become the middleperson for the business and to rake in commission when 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 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 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.