I still remember that I got my first sponsor in the podcast and discovered that they were willing to pay $ 8,000 to include a short clip at the beginning of each podcast for 90 days. That was incredibly exciting for me at the time, since I wasn’t sure I could monetize my podcast so much at the beginning.
However, there are tons of people who earn much more than me in their podcasts. Take the Entrepreneur On Fire Podcast presented by John Lee Dumas. According to the program’s most recent revenue report, this podcast generated a net income of more than $ 400,000 in March 2018. Now, that’s crazy.
The key to moving forward with podcasting is to find your niche, grow an audience and then find ways to monetize and connect with sponsors. This is not the easiest way to earn money online, since it takes a lot of logistics to write, record and edits a podcast, but it is worth considering.