How to Monetize Your Podcast
Making money by podcasting is possible, but only if you treat your podcast the same way you would your business. Here are some common and less common ways to monetize your podcast.
You have an amazing idea for a podcast and want to determine if it can make money. You can — but only if you treat your podcast as a business.
From Day One, “The Startup Story” has generated revenue. While that is not typical for podcasts, it does not need to be such an anomaly. With brand leverage, affiliate revenue, sponsor placement, and even ecommerce, your podcast can earn money.
In this video, the creator and host of “The Startup Story" share some common and not-so-common strategies to monetize your podcast.
Common methods of monetizing podcasts
Sponsors, either at the title or brand level or at the episode level. Connect with brands that make sense to your podcast and audience
Ad reads, in which you read advertisements and endorse brands during episodes
Affiliate revenue, earning a commission on sales attributed to you, typically via a web link with a unique ID code. For podcasts, the call-to-action to trigger the offer could sound like, “Visit XYZ.com and enter code ‘startup story’ to redeem,” which is likely more than a listener will remember. Instead, leverage your newsletter or social posts for affiliate links
Speaking engagements, as your podcast establishes you as an expert in your field
Less common methods of monetizing podcasts
Events or meetups, leveraging your podcast to drive paid attendance
Merchandise, selling items or services your audience would find valuable
Ecommerce, selling items or services that would resonate with your audience, but are not logged with your brand specifically
Brand partnerships, providing access to paying companies who want to be associated with your podcast and audience