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. Despite the fact that listening to podcasts is for free, a lot of podcasters are seeking ways to get financial returns from their time and effort.
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. You may for example offer a checklist or report related to the topic of your podcast. 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. All that has to be done here is to recommend the services and products that you think can add value to your market. Businesses that sell the items you recommend will then give you a commission every single time that someone bought from you. You dont have to keep inventory of products or even deal with customers. Truth is, this is the American dream for all you need to do is to be the middleman in the transaction and start accumulating commissions whenever you successfully sold 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 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. Needless to say, the more downloads you get, the higher the amount you can charge to clients.