Podcast refers to the recorded audio which was converted to digital signals before releasing it in the market. This digital audio might contain videos at times, which are known as vlogs or video podcasts. The format of the file is known to be audio format, but sometimes other formats are also noticed. The list on the server is the link and the user can access it through the internet is the basic process linked with podcast service.
Everyone is capable of multitasking. There might be few people around who would want to continue their passion as their job and want to earn from it. This brings in the point of monetizing of the podcast which means creating ways to earn from your podcasts.
5 Different tested ways to monetize your podcasts:
1. Live concert:
Live concerts are the medium through which the podcast creator will release their respective audio in front of the audience and also sing for them while they have eyes stuck on the creator. This medium can make a lot of money because live concerts are very famous and trendy. Thousands of people gather in a single. The organizing team pays the person conducting a concert and the team gets money from selling tickets. This will help the creator to earn a huge amount in a very less span of time spent.
2. Online streams:
Online streams on any site will help you to get money. While in this type of process the money made can not be calculated at one go. Predictions of the amount can be made according to the shout and the public awareness, but the exact profitable amount is not seen.
3. Sponsorship and Affiliates:
Sponsorship and affiliates are the different sides of one coin. Both of them are the companies that will be giving you money for advertising their product through your podcasts. Sponsors will be giving them money for advertising and might give a had in funding your activity directly. Affiliates, on the other hand, are the people who will be giving you money gradually as you sell their products. Dealing with any of them only when you have a positive hand above them is advisable.
4. Podcasts related products:
Clothes, caps or any other accessories related to the podcast release will be very beneficial. This is because they are the site of attraction. More and more public gets aware through this and you will also earn from the same.
5. Crowdfunding:
Crowdfunding is a common note seen these days. If you have some extreme followers, they will be ready to be your support. This can be used when you are planning something big. This way is also good for public awareness as well as money-making to fund your creations.
Conclusion:
Monetizing your podcasts will be beneficial to you and will create a financial platform for you. There might be other accepted ways excluding above. What should be taken care of is, which way will be the right one for your podcast according to the environment and market around your release area. You can also use platforms like ConnectPal, Paywalls, and Advertising Networks are some of the top-tier platforms where you can get a great audience.