The Internet has brought about a revolution on entrepreneurship. Now, with the help of the Internet, anyone can earn out of a global market, right from the comfort of his or her home. Podcasting is no different. This excellent revolution of downloading and sharing audio files, can actually create wealth for you, besides the joys that it gives you while listening/ broadcasting you favorite program/ show/ music anytime, anywhere.
There are many ways to earn an income with podcasting. This article will endeavor to throw light on a few of these possibilities, and hopefully will inspire you to become an e-entrepreneur. It is easy, it is fun and it is within the means of anybody who is even slightly inclined to make the effort.
1. Sponsors for your podcast
Sponsorship is still a major way of generating income for any popular show. Newspapers, magazines, souvenir issues, TV shows, radio shows all have their sponsors who can generate a good amount of revenue. Your podcast too can use this avenue for earning a generous income. The more popular your podcast becomes the more revenue it will rack in; the more sponsors you could accommodate in your show. However, be careful that you do not overpower the essence of your podcast with too many advertisements, lest you will kill the enjoyment your customers get out your program and stop subscribing to it. Since anyone can create a podcast, anyone can get a sponsor as well. The better is your topic, the better it will be received in the market, and the better chances you have to get good sponsors who will increase your income manifold.
2. Paid subscriptions for your podcast
Most of the podcast and podcasters are novices who are into this business for the fun of it more than for profit. However, podcasting can be serious business as well. People are willing to pay a subscription if the content is worth their money. Look it up and find out what people want to hear latest music albums, latest news about travel discounts, exciting news about extraordinary tourist locations or how to land a job, or anything than can interest any segment of people. You could run a show for mothers on how to earn while being full-time homemakers, or for students/ teenagers on how to earn substantially by doing simple tasks at home, etc the list is endless. Success comes to those who find a problem and work out viable solution(s) for it. The more interesting and vital your information is, the more interested would people be to subscribe for your podcast. Keep the subscription fee low enough to allow the majority to subscribe, but high enough to make a difference to you. You can mint money this way, literally!
3. Use Google adsence on your podcast website
Adsense has been a great avenue for making money for more than a decade now. You will first need to get your podcast to the attention of your prospective customers. You could do this by listing your podcast with the best podcast directories available on the Internet. The more your audience will grow the better you will be paid for the adsense ads on your website. Nothing succeeds like success, after all. You can start modestly with a few adsense ads and you be sure that no sooner you score high in popularity, you will be able to make a pretty penny here.
4. Affiliate programs on your podcast
Use your website to promote affiliate products. When your podcast becomes popular and you have millions of listeners such affiliate programs can be real money-spinners. Here, the larger the audience, the higher is your revenue since your affiliate products will also be sold and promoted in this way. The promotion will work even better if the product is related to the podcast you are airing since it is more likely to have a more concentrated target audience in that case. You could recommend, review or just advertise an affiliate product and earn commission on each sale.
Last but not the least, you can make some great money with asking for donations. Though this is not exactly the way to do business, it is a good way to check the potential of the Internet. You can start with a link whereby anyone can donate any amount they want through an easy connection to paypal, credit card, or any other simple way to make a payment. You will be shocked (pleasantly so) to see how many people are likely to use such a link to donate if they like your podcast. This would be to encourage you and at the same time to ensure that you do not close down your podcast and so they enjoy what you line up for them for a longer period. I would prefer (this is my personal opinion) that you ask for a minimum subscription instead of donations for earning an income but this is a way to earn money as well and I did not want to miss out on presenting this possibility to you.