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 may listen to the audio at any given time they want. 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 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 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. 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. For example, you may offer checklist or report thats related to your podcasts topic. And then when you have their email, that is when you can begin with your promotion.
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 sell the items you recommend will then give you a commission every single time that someone bought from you. Theres no need to have inventory of the products or deal with customers. 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 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. This is actually great news for it enables you to set your own fee for the advertising space or sponsorship to your podcasts. Needless to say, the more downloads you get, the higher the amount you can charge to clients.