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Marketing School - Digital Marketing and Online Marketing Tips

How to Monetize a Podcast | Ep. #1004

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 1 May 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

In episode #1004, we discuss how to monetize a podcast. Tune in to hear how you can make money off of a free podcast. We have committed to throwing a FREE Marketing School Live Event in Los Angeles. Check out the details on this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! DM Eric if you would like to participate in the VIP dinner. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How to Monetize a Podcast [00:32] The easiest thing you can do is run ads. [00:41] You can charge based on your CPM. [01:15] Another way to monetize is pushing your own product. [01:30] You can push courses, as well. [02:05] Another option is using Patreon, so you don’t have to run ads. [02:40] There are some people that will run listeners through a funnel for a product and get them on the email list to remarket them later. [03:25] There is a Chinese teacher who makes $8 Million per year through his educational podcast. [03:40] That’s all for today! [03:46] Don’t forget to check out Single Grain for more info about our live event in June. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to rank higher on Google, you got to look at your page speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a great way

0:49.7

to improve your load time. Welcome to another episode of Marketing School.

0:55.0

I'm Eric Sue, and I'm Neil Patel.

0:57.0

And today we're going to talk about how to monetize a podcast.

1:00.0

So the easiest thing you can do, easiest thing you could do is run ads. So what does that mean exactly?

1:06.0

So let's say you're getting a million downloads a month. So I'm going to do this over here.

1:09.8

You charge on a CPM basis, cost thousand impressions so if you get a million

1:13.4

dollars a month and let's say the CPM is $33 that's kind of the average right

1:17.6

now and you're running one ad on your podcast if you're getting a million

1:20.7

downloads a month you can make $33,000 a month, multiplied by 12,

1:24.8

that's $400,000 a year. If you do two ads, you can double that. That can become $800,000.

1:29.9

That's the simple math behind it. That's running an ad. But the reason we don't really run ads on this podcast

1:35.0

is because we know it can be disruptive and also we want to make sure we can

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