3 Ways to Make Money with a Podcast in 2022

12/30/21 • 27 min

12 Listeners

I used to say, "There are 5 solid ways to make money with a podcast!" But, the longer I've been creating content, I've found there are 3 ways that work best for my podcast.
In today's episode, we're diving into my 3 favorite ways to make money with a podcast. And yes, these ways are how my podcast has made money in the last 12 months -- and will continue to be what I focus on for content monetization.
Whether you're just getting started or you've been podcasting for a while, you can start implementing all of these strategies today.
Make sure you check out the show notes for all of the additional resources on making money with a podcast.

Click the "Send Krystal a Text Message" link above to send us your questions, comments, and feedback on the show! (Pssst...we'll do giveaways in upcoming episodes so make sure you leave your name & podcast title.)

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Previous Episode

My Top 5 Books of 2021

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It's that time of year again! In today's episode, I'm sharing with you my Top 5 Books of 2021.
Whether you're looking for an easy read for downtime or trying to find that next spark of motivation, I'm sharing with you my favorite books of the year.
I've got a little fiction and nonfiction for you, but most importantly I couldn't put any of these books down. Make sure you head to the show notes for today's episode to find all of the book links and book covers so you know what to look for on Amazon.
Also, be sure to check out the previous book episodes I've done for more great reads!

Next Episode

How to Create Content for a Current and Future Audience

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Do you think about the people that will listen to your podcast in 3, 6, or 12 months from now? You know, the people that will undoubtedly find your podcast and binge-listen to it all in a single week?
If you've never thought about your content this way, today's episode is going to change that because we're talking about creating content for a current and future audience.
I'm walking you through the thought process I go through when I'm deciding on the type of content I'm going to create, including the 4 stages listeners fall on the spectrum of my podcast content.
We're also journeying through when it's necessary to create evergreen vs. time-sensitive content for your show.
This is definitely an episode to take lots of notes on -- or listen to multiple times -- in order to get your content strategy on the right track in 2022 and beyond.

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Ready to make 2022 your best year for your podcast? Then download this free 13-page guide.
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The Proffitt Podcast - 3 Ways to Make Money with a Podcast in 2022

Transcript Summary

In the podcast episode titled "3 Ways to Make Money with a Podcast in 2022," the host discusses various strategies for monetizing podcasts. The first method involves promoting one's own products and services such as digital courses, memberships, or books. Listener can find resources and interviews to learn more about this approach. The second method focuses on generating revenue through subscriptions or Patreon memberships, exploring the benefits and mentioning platforms like Patreon and Buy Me a Coffee. The most lucrative method discussed is affiliate marketing, which the host successfully utilized in 2021. They stress the importance of strategic affiliate marketing campaigns and suggest planning ahead using a 12-month calendar. Examples of affiliate programs and effective incorporation into podcast ads are shared, including signing up for StreamYard and utilizing the Buzzsprout affiliate marketplace. It's emphasized that podcasters should start monetizing from the beginning, and dynamic content is highlighted as an effective approach. Additionally, the episode introduces the Poddy People Co-Op, a six-week coaching program for podcasters, directing interested individuals to join the waitlist. Overall, this episode provides valuable insights on three pivotal ways to monetize podcasts in 2022, making it essential listening for podcasters aiming to generate income from their content.

Transcript

Intro00:01:36.110

Are you ready to start making money with your podcast? And all the podcast audience said, Amen. Am I right? Holy moly, this is something that I get asked on a pretty regular basis. It's about podcast monetization. When am I ready for it? And then how do I actually go about it? And the answer to both of those questions is going to be it depends. It really does. Because not everyone thinks about podcasting the way that I do, and that's fine. But becaus

3 Ways to Make Money with a Podcast in 2022 Top Questions Answered

How can I monetize my podcast in 2022?

One of the best ways to monetize a podcast in 2022 is to promote your own products and services. Additionally, other options include subscriptions, Patreon memberships, and affiliate marketing.

What is the importance of affiliate marketing for podcasters?

Affiliate marketing is a lucrative revenue stream for many podcasters, accounting for 54% of total revenue for some. It allows podcasters to earn money by promoting products and receiving a commission for any sales generated through their unique affiliate links.

What resources are available on KrystalProffitt.com related to podcast monetization?

KrystalProffitt.com offers personal experiences, interviews, and videos on various topics related to podcast monetization. Podcasters can find valuable insights and guidance to help them monetize their podcasts more effectively.

How can I add a tip jar feature to my podcast?

Good Pods is an app that allows creators to add a tip jar feature, enabling listeners to support their podcasts by providing monetary tips. It provides an easy and convenient way for podcasters to receive financial support from their audience.

How should I plan my affiliate marketing campaigns for my podcast?

It is recommended to plan your affiliate marketing campaigns on a 12-month calendar to avoid overwhelming listeners. By strategically choosing when to promote products and services, you can maintain a balanced approach and optimize the effectiveness of your marketing efforts.

What is the Buzzsprout affiliate marketplace?

The Buzzsprout affiliate marketplace is a platform that facilitates the integration of affiliate links into podcast episodes. It provides podcasters with an easy and efficient way to include affiliate promotions within their content, enabling them to earn commissions from qualified referrals.

When should I start implementing affiliate marketing on my podcast?

The speaker emphasizes that affiliate marketing can be profitable from the start of a podcast and encourages podcasters to start implementing it early. It allows for consistent revenue generation as the audience grows and engages with the podcast.

What is "The Poddy People Co Op" coaching program about?

"The Poddy People Co Op" is a new group coaching program announced by the speaker. It is designed for podcasters who have been creating content for at least three to six months. The program focuses on building a community, improving SEO, increasing organic reach, and monetizing podcasts.

How can I join "The Poddy People Co Op" coaching program?

Listeners interested in joining "The Poddy People Co Op" coaching program can join the waitlist on KrystalProffitt.com. By joining the waitlist, they can stay updated on the program's availability and receive notifications when enrollment opens.

What is the speaker's recommendation for promoting products and services on the podcast?

The speaker recommends creating your own ads to promote products and services, such as Stream Yard, on your podcast. By crafting engaging advertisements, podcasters can effectively showcase the benefits and features of the products they endorse.

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