Is There No Money In Podcasting? - 5 MINUTE FRIDAYS
Social Proof Podcast
Social Proof Network
4.9 • 2K Ratings
🗓️ 3 March 2023
⏱️ 5 minutes
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Summary
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Transcript
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| 0:00.0 | All right, five minute Fridays. We are right back with another message. |
| 0:05.8 | I think this just gives me an opportunity to ran on stuff, man. |
| 0:09.1 | I don't know if I'm doing this for y'all more than I'm doing it for myself. |
| 0:13.0 | It should be able to get stuff off my chest, but I got a, I got a post out of the |
| 0:17.6 | deck. Well, shout out to my home girl, Maya, right? |
| 0:20.4 | She sent me a DM, but she said, oh, folks on her saying there's no money in |
| 0:27.0 | podcasting. And she sent me a post by a person named Gavin Bollware, Gavin |
| 0:33.6 | Bollware. And he texts, and I think this looks like Facebook news flash all |
| 0:39.2 | capitals. There's no money and podcast. No need for you to spend thousands for |
| 0:45.5 | 17 downloads a week featuring your homeboy who can barely talk. Signed |
| 0:51.0 | someone who saved the world from 457 new podcasts created today. And I'm |
| 0:59.9 | imagining that there may be a stat that says 457 new podcasts are created |
| 1:07.4 | every day. I don't know. Maybe maybe that's where he's getting it from. But let's |
| 1:12.6 | just break down this post. He said, there's no money in podcasting. Is that |
| 1:18.4 | true? I don't think so. We can really look at the trends. For the last hundred |
| 1:24.8 | plus years, most of advertising dollars have gone into radio. And now companies |
| 1:30.3 | are aggressively switching that over or reallocating funds to podcasting over a |
| 1:38.2 | billion dollars went into podcast advertising last year and the year before |
| 1:43.7 | that. So is there no money in podcasting or did this person who had a very |
| 1:50.8 | very strong opinion, not figure out a way to get in the way of that. So we'll |
| 1:58.5 | keep reading. He said, no need for you to spend thousands for 17 downloads a |
| 2:03.8 | week. Meaning this young man or woman, however they identify, must have spent |
... |
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