I always try to share as many ideas on how to make money from home, and starting your own podcast might be an option that you haven't thought about. You can actually start your own successful podcast for under $100 so no special or expensive podcast equipment is required.
I'm sure you have a few favorite podcasts that you regularly listen to on iTunes, Apple, Spotify and even Google but first let's find out exactly what a podcast is.
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What is a Podcast?
A podcast is recorded digital audio that is created as episodes on any topic and uploaded to streaming applications as a way to share information, knowledge and ideas.
It's also a great way to grow and develop podcast listeners and an opportunity to make money through various methods such as sponsorships, affiliate marketing, subscriptions and so on.
How to Start a Podcast
According to Edison Research there are around 90 million people listening to podcasts each month and growing. That's an astonishing amount of listeners and a perfect time for you to start up your very own podcast.
The basics that you need to start a podcast are, of course;
- A microphone with added pop filter
- Updated computer and laptop
- Audio editing software ike Audacity
- A quiet place to record your content.
When starting out in podcasting you can also easily bootstrap with just your smartphone and a decent headset.
You will also need audio editing software as mentioned earlier. A free one you can use is Audacity and there are lots of instructional videos on YouTube that will show you how to use Audacity. You can also use Zoom as another option but there are better podcast editing applications that have a more professional standard such as GarageBand if you have a Mac or Alitu which does have a monthly/annual fee.
Another popular platform for creating podcasts is YouTube itself. More and more creators are using YouTube to stream podcasts and share it on other podcast hosting platforms too.
Other things you will need to consider is a reason to start podcasting. Besides thinking of it as a way to make money, what do you have to offer? What do you want to share with your podcast audience? What do you want to talk about?
- Choose a topic
- Choose a podcast name
- Decide on length of podcast
- Create a podcast theme and brand
- Decide how often you want to publish a podcast. Create a podcasting calendar for the year and schedule.
The more you publish good regular content with searchable keywords the quicker you will be found by Google. Set up a content calendar so you will always have a key topic to outline, talk about and publish for the year. This also gives you time to network and invite relevant guests onto your podcast if you plan on doing interviews.
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How To Make Money Podcasting
Now to the part you’ve been waiting for, how to make money podcasting. As mentioned earlier, there are quite a few ways to start your own podcast and make money from home. Some are good for the beginning stage of podcasting while others are better when applied to a more established podcast.
11 ways have been identified to make money from podcasting and they are as follows:
- Affiliate Marketing ( Amazon & ShareSale)
- Sponsors and Advertisers ( Midroll & AdvertiseCast )
- Create and Sell your online courses (Kajabi & Teachable)
- Coaching and Consulting (Wyzant)
- Crowdfunding and Donations ( Patreon)
- Hosting Events & Seminars
- Sell Branded Merchandise (Printful & Tee Spring)
- Sell Ebooks or other physical products
- Public Speaking Engagements
You can use a combination of these methods to make money podcasting while at home which with regularly downloaded content can add up to thousands.
How Much Money Can You Make Podcasting?
This depends on how much work you are willing to put in to grow a loyal audience, and the amount of followers you have. It can be from a few hundred dollars to a full-time income. One of the most popular podcasters within the passive income niche is Pat Flynn and he earns around $100,000 per month.
To put this into perspective, if you have 10,000 downloads per podcast episode you could potentially earn between $500 – $900 through affiliate marketing alone per episode.
Popular Podcast Hosting Platform To Use
To be able to get your podcast easily found you will need a podcast host platform and there are a number of them that are available both for free and at a cost. As a beginner you will want a hosting platform that is easy for you and your listeners to use and navigate and also great to look at. I’ll share the three most popular ones out there.
#1 – BuzzSprout
One of the easiest podcast hosting platforms to host, promote and track your podcast performance and great for beginners. There is a free plan available but it does have limitations. You can use one of the paid options instead to have your podcasts hosted forever.
#2 – Simplecast
Another great podcast platform that is perfect for the beginner and provides unlimited storage, great analytics and a 14-day free trial. Prices go up in tiers depending on your requirements.
#3 – Captivate
This podcast hosting platform is very popular and you have the option to use the 7 day free trial to try out the many features such as analytics, an automatic website and call to action functions to generate email leads.
Having the right hosting platform when starting out is one of the best ways to help you make money from home with your podcast.
Final Thoughts on How to Start an at Home Podcast
From the information shared this is another great avenue to make money from home if you have a niche topic that you enjoy talking about. You can create quite a large podcast audience by providing great content then you could start to earn excellent podcast revenue.
Once you become established you can set up your branding to include a podcast website as an additional avenue to make money with ads, sponsorships and promote your content to an even wider audience.
If you have found this topic interesting why not share it with others and start a new at home podcasting business.
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