7 Creative Ways to Monetize Your Podcast | Ep. #969

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. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! 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! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.