Podcasts are becoming increasingly popular worldwide, and that trend will likely continue in the next few years, so you should start thinking about how to make money with podcasts in 2022.
While it’s possible to make money podcasting today, it’s harder than ever due to the crowded market and fierce competition, so you’ll need to be very strategic about your goals and audience if you want to succeed and make podcasting a viable source of income by 2022.
Since people are busier and busier, podcasts are one of the few media they can still consume while they’re on the go. And since podcast listeners usually don’t want a distraction, there is no chance for banner ads to be shown during their listening experience. So that means there is a lot more revenue potential for podcasters.
You have everything you need to start making money from your podcasts if you’re willing to invest time and effort.
1. Affiliate Marketing
Affiliate marketing is a great option if you’re looking for ways to make money with podcasts in 2022. Affiliate marketing is when you promote products or services on your podcast and earn a commission for every sale you generate.
To be successful with affiliate marketing, you need to find products or services that your audience is interested in, and that fit well with your brand. You also need to build up a rapport with your listeners so that they trust your recommendations.
2. Branded Memorabilia
People love branded merchandise. They love to show off their support for their favourite shows, and they love to collect them. In 2022, you can make money by selling branded merchandise for podcasts. This can be anything from t-shirts to coffee mugs to keychains. Just make sure that your merchandise is high-quality and represents your brand well.
If people are excited about what you have to offer, then there’s a good chance that they will buy it. Whether or not this would work out for you depends on how much time and effort you’re willing to put into the idea. Either way, it’s worth considering because of the potential payoff.
3. Patreon and Live Stream Donations
The next is through Patreon and live stream donations. Patreon is a platform that allows fans to support their favourite creators by pledging a monthly donation. Live stream donations are one-time donations that viewers can make during a live stream.
Both options are great ways to monetize your podcast and can help you earn some extra income. If you have a large audience, you may even be able to make a full-time living from your podcast.
4. Offering Your Products
As a podcaster, you have a unique opportunity to sell products directly to your audience. This could be anything from physical goods to digital products or even services. If you have something to offer that your listeners need or want, then selling it to them is a great way to make some extra money.
There are a few things to remember when selling products through your podcast. First, ensure that whatever you’re selling is relevant to your show and will appeal to your audience. Second, pricing is important – don’t overcharge or undercharge for your products.