How to Monetize A Podcast?11 Ways to Make Money Podcasting In 2024
You have started a podcast and are thinking of how many ways you can monetize a podcast. The good news is that you can monetize a podcast in many ways. In this make-money podcasting guide, we will look at different ways podcasters make money from their show in 2024.
How to Monetize A Podcast In 2024?
Here is the list of different ways you can monetize a podcast show in 2024.
- Affiliate Marketing
- Sponsors & Advertising
- Courses
- Consulting
- Premium Content&Subscriptions
- Physical Products
- Books
- Public Speaking
Sponsors & Advertising
Sponsors & Advertising is the #1 way most people make money from their podcast. To make money this way, ideally, you want to join a podcast advertising network. Midroll and Authentic are two of the most popular podcast advertising networks that connect advertisers and podcast creators. However, you can also join specialized podcast hosting platforms to make money podcasting.
Affiliate Marketing
Affiliate marketing or performance marketing is one of the popular ways to make money from your show. Ideally, you want to start a WordPress blog to make money by promoting affiliate links of different companies.
When you refer your visitor to their website and those referrals purchase something from them, you receive a commission against that payment.
To promote affiliate links on your podcasting website, you want to join different affiliate programs to get access to your unique affiliate links. Most companies run affiliate programs using self-hosted networks or affiliate networks. Here is the list of 5 affiliate networks you want to join in 2024.
- ShareAsale
- Commission Junction(CJ)
- Rakuten Linkshare
- Amazon Associates
- ClickBank
- eBay Partner Network (EPN)
- FlexOffers
- JVZoo
- LeadDyno
- MaxBounty
- Pepperjam
- LinkConnector
Consulting
Consulting is what you can do to make money podcasting. When you run a particular show on a specific topic, it represents you as an authority on the topic. You can easily offer consulting services to different individuals or companies who need your expertise in exchange for money.
Courses & Online Coaching
Selling an online course is my favorite way to make money podcasting.IF you have expertise on a specific topic and it has market demand, you can easily launch a course with interested groups.
It helps to have an email list so that you can let your audience know
about your course promotional offers. Check out the best email service provider for bloggers and podcasters here.
Thinkific is the best online course platform to choose for creating, promoting, and selling your online course in 2024.
Premium Content & Subscriptions
Premium content is something you can offer to your audience. It can really be anything you want. For example:
- Additional interviews
- Behind-the-scenes content
- Q&A with the hosts
Patreon is an excellent platform to sell premium content and subscriptions to your audience. Feel free to check them out here.
Physical Products
Selling physical products through a website is one of the best way to make money podcatsing in 2024. You can sell products such as -t-shirts, mugs, and other swag to the audience and ultimately making them buy your product. Check out this podcast: The Generation Why Podcast and how they are selling a ton of different products to their podcast audience?
What is the Best Podcasting Platform to Monetize Podcasts?
Here is the list of best podcasting platforms where you can make money podcasting.
- Spreaker
- Midroll
- Authentic
- Megaphone
- HeadGum
- Earwolf
- PodcastOne
- PodSearchAD
- Ad Results Media
- True Native Media
How do Podcasters make money, and how much do they make in 2024?
Do podcasters make money from their show? Yes, they do. How much money they make depends on the large number of listeners to the shows. Most podcasters make money through podcast ads. The amount of money they make from their podcasts is based on the number of downloads they get over a period of time or monthly.
The Joe Rogan Experience is one of the highest-earning podcasts in 2024.
According to podcast networks insights, AdvertiseCast pays around $18 for 30 seconds ads per 1k downloads and $25 for 60-second ads per 1k downloads.
Final Thoughts
If you want to make money podcasting, try to get at least 5k monthly downloads. Then join an advertising network to run ads on the individual podcast episode. Starting a blog for the podcast is also a great point to start because it will give you the chance to enter into the affiliate marketing world. Feel free to check out these 241 best affiliate programs posts to get the list of companies you can promote to make money fast in 2024.
