4 Tips to Effectively Monetize Podcasts
A kind of recorded audio file where audience can choose to subscribe to and download even to their devices like computers, tablet or smart phone is called a podcast. 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 some methods that you might try too if you like.
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 might ask people to submit their email address before they can start downloading your podcast or offer them stuff for free as they listen to the podcast. For example, you may offer checklist or report thats related to your podcasts topic. As you use this data, you can start promoting your services and products via email.
Tip number 2. Affiliate marketing if you want to make the most of podcasts, then this is one of the greatest ways you can do. What is needed to be done here is to simply do recommendations or suggestions of your products and services to your audience. Now say that someone has bought the items or services of the business you are selling from you, what will happen next is youll be given commission based on the agreed amount. 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 there are countless of businesses that are producing podcasts along with their site and market 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 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. Needless to say, the more downloads you get, the higher the amount you can charge to clients.