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. And while it is true that it is completely free to listen to podcasts, still there are numerous podcasters who found ways how they can monetize it.
There are actually countless of remarkable podcasters who keep on finding new ways on making money with this platform including 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. 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. 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. 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 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 good as well for it allows you to show your prospects about your products and how you do things.
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. Obviously, you can charge clients more if you receive high number of downloads.