4 Ways to Monetise your Podcast and Make Money

AAR-Matt-Botsford-on-UnsplashIf you are looking to gather some funds and gain an audience about your business, a podcast is a great way to do so. You can easily connect with your audience, grow your brand, and develop an authority in your niche on top of making some money out of it.

You can create a virtual credit card account to set up all your payments so that they go directly into your account and use your podcast as a source of a second income.

In this article, I am going to highlight some of the best ways you can use to monetise your podcast so that you start earning money through it, meanwhile advertising your business and making your brand grow. So, without further ado, let’s carry on.

Advertise Through Your Podcast
The very first thing that you need to do if you want to make money out of your podcast is to advertise it. If you listen to podcasts all the time, you might have noticed that some people use ads in between the podcasts. You can make a similar deal with someone to pay you some money for advertising their products and services within your podcast.

Host a Podcast Event
When you have gained a respectable audience through your podcast, you can try to stay in touch and communicate with your regular followers. Even if you have a small audience, you can easily hold a small event for them and put a price on the ticket.

Your loyal followers will always be interested in meeting you in real life so that they can discuss some ideas. If you have a large following, you can hold a full-on event by taking personal loans on your business account. It is going to be a very good investment for your future.

Charge a Subscription Fee
Most podcasts on the internet are available for free, but it doesn’t mean that you have to follow these rules. If you are providing quality content to your audience and they love what you have to offer them, they will be happy to pay a subscription fee for your channel.

You can also log on to streaming websites like Twitch and go on live sessions for your audience. People can fund you by donating to your cause, and you can gain a lot of money through this technique.

Create a Premium Experience for Your VIP Customers
If there is one thing people love, it’s realising that they are being treated in a VIP manner. You can hold special dinners and events for your premium sponsors and gather them in one place so that you can convey your plans to them.

One of the best things about podcasts is that people are so invested in them that they will do literally anything to make sure that they get early access. You can use this as a great opportunity to offer a premium account to people where you publish your content daily and regularly.

Image: Matt Botsford on Unsplash