How to Start a Podcast (The EASY WAY) and make money [Step by Step Guide]

Is it simple to st

art and make money from a podcast?

How to make money podcasting? Now I want to talk about some of the benefits before we actually get started because this is a pretty interesting opportunity.

1. Podcasts are growing yearly and another great thing about podcasts is you own essentially the real estate of people’s minds. If you look at where things are going the people that could get the most attention will make the most money.

2. Easy to consume content, people don’t have time to watch videos all the time but with podcasts you can listen to it while driving, doing a morning run, cooking and other things that you do on a daily basis.

3. It is cost effective and can give you a passive income, you could literally start it for free by signing up with anchor.fm and your podcast and it’s on spotify, itunes and all other audio streaming platforms.

Starting a Podcast Checklist

Plan your Topic and Purpose

You need to choose your niche first before you start your podcast, so you start your podcast. It’s hard to create content if you are all over the place and it’s hard to build an audience as well which will lead us to our next point.

Choose your Target Listeners

Pick your audience you want to serve. By having to know the type of audience you want to serve, it will also be easy for you to conceptualize your next topic for your podcasts episodes.

Try to imagine what is the interest of your listeners?

Give your Podcast a Name

Imagine this, your podcast name as creating the name of your website and your podcast episodes as your blogs. It brings more weight to your target audience by knowing your website name. It will give them an idea on what to expect on your website, just basically answering the question “Will this help me solve my problem?” or “Is this something of my interest?”

Setup your Podcast Equipment

Microphone

Deciding what mic to use is important for high quality audio production, most podcasts use usb dynamic mic because it gives that rich, radio-sound. The cool thing about this is you can buy it starting between $60 to $70.

Editing and Recording Software

There tons of software to use for editing and recording podcast but based on most podcasters use these softwares:

• Audacity

• Adobe Premiere Pro

• Riverside

Type of Podcast Format

Every podcast has their unique way, some choose to interview a subject matter expert from their niche, some go on solo and just speak their mind, and some are just a group of people who share their ideas about a certain topic.

Interview

Most podcasts use this format because of the value that their audience can get from interviewing a guest speaker who has some expertise on a certain topic.

Solo

A popular and easy way to start a podcast is by going solo. This type of podcast is mostly done by an experienced person and shares a real life experience about the topic.

Multiple Host

This type of podcast is just like talking with your friends and sharing insights, it’s like you’re listening to an interesting conversation. From a marketing standpoint, this is the best way to get more audience to listen to your podcast. Imagine the influence you’ll get by having multiple individuals being in one podcast.

Podcast Album Art and Sound Effects

Lastly, for branding purposes this is important to subconsciously embed your content to your audience’s mind. Great artwork and choice of music will dramatically improve the quality of your podcast.

How do podcasts generate money?

Advertising

Offering advertising on your podcast is definitely one of the fastest ways to generate revenue with your podcast. The way it works is straightforward, essentially a brand or business or a person to pay you to promote their product or service on your show.

Affiliate Marketing

Affiliate marketing is actually a concept that involves promoting other people’s product or service and getting a commission out of it. You’ll see this on most Youtubers who promote something and will ask you to click their link for them to get commissions for every sign-up or sale.

Promote Your Business

Promoting your stuff on your podcast which comes with a lot of control, higher margins and the freedom of flexibility to do it. May it be a digital product like courses and membership in your area of expertise.

Bottom Line

There are a lot of ways to make money online and starting a podcast is one of them. It is way easier than creating a vlog on Youtube, Tiktok or Facebook.

If you are interested in creating your own podcast and don’t know where and how to start then you can download our Start Your Podcast Planner. It is a comprehensive guide to help you start and grow your podcast, organize your thoughts and plan out your profile series' podcast content.

Let this Start Your Podcast Planner to help you to the next level and start your successful podcast.