In episode #969, we discuss 7 creative ways to monetize your podcast. Tune in to hear how you can actually make money from a podcast.

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TIME-STAMPED SHOW NOTES:

• [00:27] Today’s Topic: 7 Creative Ways to Monetize Your Podcast
• [00:32] 1: Use advertising.
• [00:45] Some podcasts have ads before, during, and after the show. This is a great way to monetize.
• [01:10] Podcast attention is highly rated right now.
• [01:20] 2: Throw your own live event.
• [01:30] Charge admission.
• [01:58] People who listen to podcasts are often in a high income bracket.
• [02:11] MeUndies spends a third of their marketing budget on Podcasting.
• [02:30] 3: Subscriptions.
• [02:40] Asian Podcasters monetize through subscriptions.
• [03:16] 4: Sell info-products.
• [03:57] 5: Sponsorships and VIP experiences.
• [04:16] Our live event is sponsored and we are also offered premiere experiences at a cost, which is how we avoided charging people for the event itself.
• [04:27] 6: Affiliate commission.
• [04:45] Promote someone else’s product using a unique URL and get a kickback from the company you are promoting.
• [05:04] 7: Promote physical products.
• [05:15] One Podcaster promotes the Freedom Journal.
• [05:30] That’s a great income stream.
• [05:40] That’s it for today!
• [05:46] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested!

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