In the United States, 22 percent of Americans say that they listen to podcasts every week. Here, you’re talking about millions of people. Consequently, this means the people running the podcasts, who are referred to as podcasters, have the potential to be making money online from this platform. There’s definitely a market here to make money online. In this short article we will outline how starting a podcast could earn you another source of revenue.
Become a Thought Leader
Podcasts are a great way to position yourself as a thought leader in your industry or niche. Whats more you can use the reputability of those that you interview to boost your own reputation. Once you are seem to be a thought leader you can leverage your podcast to sell your services/products, from books to workshops.
Donations & Crowdfunding
In much the same way as designing a great video, you can request support from your listeners in the form of donations. Or if you in the process of seeking crowd funding, you could lead your listeners to your campaign in Kickstarter, GoFundMe, Indiegogo and so on.
Embrace Affiliate Marketing
You can make money online through Podcasts by getting a cut of what listeners are willing to pay for brands or services promoted in the podcast. Just introduce affiliate partner’s product through your podcasts. After joining an affiliate program, you can search for the links to products that you can pass on to listeners in order to earn a percentage of the sales made.
Selling Books and Audiobooks
A podcast is a great way to to sell books and audiobooks. The fact that you don’t even have to sell your own books or audiobooks helps you further. More significantly, you could simply repackage all the content you shared via past podcast episodes into a single book or audiobook. As you do that, you will have learned how to make money online by using podcast as an additional source of revenue!
Once you are established you should look for a sponsor, who will offer you money for running your podcast. If your podcast is creative, you have the potential of earning thousands of dollars per month from sponsorships. It’s all about attracting the right kind of listeners that in tern are valuable to the sponsor.