Monetize Your Podcast from the Start. Already Started? Monetize Now!

Monetize Your Podcast from the Start. Already Started? Monetize Now!

The longer you go without monetizing your podcast, the harder it will be to monetize. Why? To be honest, mostly it becomes a mental barrier. If you start a podcast without a solid monetization plan, knowing when to monetize, and how to monetize becomes a conundrum. If you start your podcast knowing exactly how you will monetize, then you can take the actions to make this happen. If you don’t know how to monetize your podcast, then you are wasting precious time creating valuable content that you may never see a return on. Your first goal should be to make enough money from your podcast so you can outsource the production of your podcast, without having to come out of pocket for the production cost. So, let’s say to take the production of your podcast off your plate it costs $500 each month. So, what will it take to generate $500 of revenue each month? It’s ok if you don’t get all $500 from one revenue source. Maybe you find one sponsor and offer them a sweetheart deal of $250/month to sponsor your podcast. Now, what else can you do to generate the additional $250/month? Let’s pretend that you have decided to create a premium membership site for your podcast, and you offer additional content, information and resources that you don’t offer for free on your podcast. If you are charging $19.99 a month for this membership site, you only need 13 people to join to make your podcast self-sufficient. So, now you’ve got your podcast making $500/month. Why not pocket that money as extra income for yourself? You...