How to make money by podcasting

As podcasts still explode in popularity, Here we’ll discuss How to make money by podcasting in 2020 more and more people are jumping in head-first and creating new shows, in a shot to leverage themselves as industry experts, build an audience, connect with more influencers, build personal brands and boost exposure for his or her businesses.

A lot of individuals also are now successfully using podcasting as an extra revenue stream for his or her businesses and themselves as individuals.

If you too have an interest in making more cash from podcasting, here are eight other ways you’ll take advantage of your show:

Popular podcasts like Entrepreneur burning, The Art of Charm, and also the $100 MBA Show generate thousands of dollars — every month — through sponsorships. With the CPM (cost per impression) model, your show will get:

If your podcast gets 3,000 downloads per episode, you will get $54 for a 15–second pre-roll and $75 for a mid-roll slot.

“This could help cover a number of your podcasting costs,” says Yann Ilunga, organizer of the Podcast Success Summit, the most important digital conference about podcasting. “New podcasters specifically concentrate on downloads and landing sponsors, but there are other ways to make the most of a podcast — whether or not you’ve got a “small audience.”

Some might not consider relationships a profitable element within the podcasting world. Ilunga, however, disagrees. “Regardless of whether you’re hosting an interview-based podcast or not, relationships are a really powerful element in a podcast, similar to in business,” he says.

“After interviewing several top podcasters I can say that networking is that the number-one reason why many entrepreneurs, marketers, authors, and coaches conceive to start a podcast.”

When searching for guests to interview, don’t focus exclusively on their status, but give some thought to your business. “Many hosts want to interview A-listers on their shows, and there isn’t anything bad therewith,” says Jessica Rhodes of Rhodes to Success. “Think about your business, though. rather than chasing guests due to their status, be strategic, and take a look at to interview those who you’ll collaborate and do business with.”

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