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 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. For example, you may offer checklist or report thats related to your podcasts topic. Using this data, you will be able to promote your services and products through email.
Tip number 2. Affiliate marketing this is one of the effective methods how you can make money by using podcasts. All that needs to be done is to recommend other business services and products to your listeners or market. Businesses that are selling items you are recommending to pay will give you commission whenever someone has bought something from them. You dont have to keep inventory of products or even 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 quite good for this as you can present to your prospects how things happen without giving explanations for them to analyze.
Tip number 4. Advertising and sponsorship you will have to several thousands of downloads per podcast before businesses become ready to pay sponsorship fee on your podcast or perhaps, advertise their services and products during your airtime. Here, you can set the amount you want for the advertising space or sponsorship to your podcasts. It is pretty basic to say that the higher your downloads, the better the fee you can collect.