4 Tips to Effectively Monetize Podcasts
Podcast is a type of recorded audio file to which the audience may subscribe to and even download it to their smart device be it tablet, smart phone or a computer. 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 the proven methods that you may try as well if you want to.
Tip number 1. Create an email list podcast is actually a nice way of building your email list of those who are really interested in your 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. What you may do here is to offer reports or checklists to your listener thats related to your podcast. Using this data, you will be able to promote your services and products through email.
Tip number 2. Affiliate marketing this is among the simplest ways of making money 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 are selling items you are recommending to pay will give you commission whenever someone has bought something from them. 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 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 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. Obviously, you can charge clients more if you receive high number of downloads.