How To Start a Podcast And Make Money

How To Start a Podcast And Make Money

Do you want to start a podcast? And, if you’re going to start podcasting, then you should do it right now. Here is how to start a podcast and make money?

If you think that Video or text content does not have a bright future, you are right then because Audio content is getting more popular nowadays. Audio content is straightforward and simple to consume because all you have to do is listen instead of watching or reading it. And, people realize the importance of podcasting; that is why this industry is overgrowing.

If you have good communication skills, you should immediately start a podcast and attract people to listen to you. You can start sharing your knowledge about lifestyle, education, travel, or anything you want to. You don’t need to do it in English.

You can start it even in your regional language as more and more people are turning to listen to podcasts. Many people listen to a podcast before they go to sleep, and it’s a good habit. Here is how to start a podcast and make money, but before, let us understand the meaning of podcasts and podcasting.

What is a Podcast?

What is a Podcast?

A podcast is something that you can download and listen to in the form of series. It could be about anything like sharing a piece of information, spreading some knowledge, teaching lifestyle or anything, etc. In simple words, if you want to create a podcast, you need to have some idea in your mind and start talking about it. It is like sharing a word about something you know.

People love to listen to their favorite podcasts when traveling, working, or to try to sleep. It may be an episodic series that has some continuation so that people can keep track of it. Some people even entertain others regularly with their sense of humor.

So, all in all, a podcast is nothing but an audio file that can be listened to and downloaded. It is better than listen to some repeated music again and again. If you listen to a podcast, you enhance your knowledge because podcasting is mainly referred to as knowledge sharing. 

Nowadays, news podcasts are also getting very popular. You can build an audience base with your podcasts, and then you can use that audience to endorse anything. And, the best thing is that you don’t even have to show your face as the only thing they know is your voice. It’s like listening to a Radio channel, but you can choose the content you want to consume.

Now, you know what a podcast is, and here is how to start a podcast and make money?

How to Start a Podcast in 2021?

How to Start Podcast in 2021?
  1. Choose a Niche/Topic
  2. Write a few Headlines
  3. Make Bullet points
  4. Get yourself a Mic to Record your Podcast
  5. Record and Edit the Audio
  6. Create some Infographics
  7. Upload your Podcast
  8. Spread a Word about your Podcast

Let’s dive into detail.

1. Choose a Niche to Start a Podcast

A niche is the core topic of your content. Before you start doing anything, you should know what you are doing and choosing a niche. You should know the subject about which you are going to talk on your podcast. It could be anything like wrestling, lifestyle, Hollywoodtv-series, politics, comedy, etc. You can choose your favorite niche, something that you would love to talk about.

Let’s suppose you choose wrestling as your niche, and then you will talk about what is going on in wrestling. It shall include wrestling news, reviews, predictions, etc. And, now, since you are about to talk about the world of wrestling, you will have to acquire some knowledge too, but what if you choose a niche you already know. This will make your job easy as you already know about the topic.

One thing that is obvious with the niche is that you should be continuously putting content on it. A lot of people end up leaving their niche just because they have imitated others. You should do proper research and make sure that you are passionate about your niche because this is what will make you successful in your podcast.

2. Write A Few Headlines

After choosing a niche, many people struggle to find some topics relevant to their niche, and here we are to help you start a podcast that will be successful. To make a podcast successful, you should do proper research and plans well in advance. So, before you think of starting a podcast, make sure that you have a few ideas in your mind.

Let’s say you have chosen a niche; now comes the essential part of selecting the topics. So, first, you have in mind a few topics and write down their titles or headings. Write about 15-20 headings, so you don’t have to struggle later about the topics and have a free mind of working. And, this will make you focus more on the work rather than finding a topic to talk about.

While writing headings, you should consider a few things which will make your title appealing. You should take the help of some popular magazines to write the titles. It should be such that listeners get attracted and listen to the whole podcast. It doesn’t matter how exciting your podcast is if you don’t have an interesting title because people don’t know about your podcast until they see the title and open it.

3. Make Bullet Points

Now, you have your niche, and you also have a few topics on your mind, but the problem is how to start talking about it. There is a topic in your mind, and you just started with it. But, when you are there in from of the mic, you are blank. You don’t know what to talk about, and this is a genuine problem. It doesn’t matter if you have done proper research and made everything very clear in your mind. But, when it comes to the live audience, many people tend to forget their topics.

So, the better way is to write down everything on a piece of paper while doing the research. And to keep it in front of you when you are recording a podcast. This will give you a clear flow of information and remind you of your research work. So, why not follow this simple rule and make your life very easy instead of pausing your recording repeatedly and finding information.

These bullet points will keep you updated with everything you have recorded and everything you are about to record. Sometimes people talk about the same thing again and again, which becomes boring for the listeners. So, why not make it short, informative, and to the point. It matters when you are sharing knowledge and taking too much time to explain a simple concept.

4. Get Yourself a Mic to Record Your Podcast

Get yourself a Mic to Record your Podcast

Now you have everything done, and here comes the action part. You have a niche, and you also have a topic to discuss with bullet points on your hand, but to make it into an actual podcast, you will have to record. And, to record your podcast, you need a microphone. So, you will have to get yourself a decent mic using which you can record your podcasts.

There are plenty of microphones available in the market, but you will have to check your budget first. And, even if you don’t have a budget, you can start recording podcasts using your smartphone only. And, if you have an earphone with a mic, that is well and good.

But, if you can spend a few bucks, you can grab some collar microphones for very cheap, enhancing the audio quality tremendously. There are more affordable lavalier mics, but you should get decent from brands like Boya or Ahuja, giving you a better output.

But, if you are ready to spend some money on your microphone, you should get a USB Mic that will give you the ideal output for the podcast. The Blue Yeti is a very popular Mic used by most podcasters, and if you don’t have that much budget, then Blue Snowball another popular microphone. The whole point is that you should have decent audio quality because that is what your product is.

5. Record And Edit the Audio

So, if you have a mic or you decided to record with your phone only, now comes the actual recording part. Until now, everything was just a part of the pre-production part, but here is the actual production now. Before you start recording, you will need software to record and edit the audio. But, even before that, you should take care of a few points.

Nobody wants to listen to some noisy audio, so you will have to take care of the noise in the audio. We are not asking you to hire a studio for the recording purpose, but you should get a quiet place where you can easily record your podcast. It is advised to record inside a room because you will have some disturbances if you record outside.

And, make sure that you have switched off any fan and closed all the windows and doors before starting the recording. Have a comfortable sitting, too, so that you can sit for a long time and record the whole podcast in just one take.

And, to record anything, you need software too which will give you a digital output to edit and upload. If you are doing it on your phone, you can use the inbuilt audio recorder or the Parrot Audio Recorder, which gives fantastic output. And, for the computers, Audacity is the best that you will get to record and edit, and that’s too for free.

6. Create Some Infographics For Your Podcast

So, now you have your audio file ready, and you want to upload it, but nothing works without the infographics. So, you will have to create some infographics first so that your podcast performs well on the Internet. Infographics are Graphic designs that have information about your podcast and are easy to grasp. It is said that a picture says more than what a thousand words would speak.

Even if you haven’t recorded your first podcast yet, you will need to create some infographics to let people know about your podcast. You will have to make a logo and banner for your podcast first. And, if you have a social media page, there has to be some information about your podcast there. And, for the podcast, you will have to create a thumbnail and social infographics which will bring traffic to your podcast.

There are plenty of Softwares that you can use to create infographics, and Adobe Photoshop is the best, but if you do not know graphic designing, then Canva is the best. There are thousands of templates that you can customize as per your needs and create an infographic. So, instead of hiring a graphic designer, you can create a graphic with Canva only.

7. Upload Your Podcast

Everything is ready now with the audio file and graphics, but the main part is to upload the podcast. And, another question is where to upload the podcast? But if we are telling you how to start a podcast and make money, we will also tell you where to start a podcast. And, it is effortless to set up your podcast and start uploading.

First, if you also record your podcast in video format, Youtube is the best place to upload. It is completely free and has a large number of users and visibility. But, if you are solely working on the audio, you can also create a visual slideshow and upload it on Youtube. But Youtube is not for podcasts.

So, you have an iTunesGoogle PodcastAnchor.fm, etc., where you can upload your podcasts. And, we would suggest you start using Anchor.fm, which automatically uploads your podcasts to all the popular platforms. So, why not use these popular platforms and get the maximum reach?

8. Spread a Word About Your Podcast

So, let’s say everything is perfect, but you still don’t have listeners to your podcast. And, it happens with everyone. This is because you haven’t done any marketing yet, and you will have to market your podcast to get any results. Marketing is the main aspect of your podcast here or any digital product.

We are not asking you to spend huge money on advertising, but you can spend a few bucks on social media campaigns. And, we are not even asking you to do that because there is so much potential in social media without even spending a single penny. In the beginning, you need to promote it on your social media pages, ask your friends and family to listen to your podcast. And, if anybody shares it on their page, it will multiply the growth of your podcast.

And, it works so tremendously that you will get all your traffic from social media itself. But, you will have to let everyone know first. Use e-mail marketing to notify people about any new podcast being published. It will give you positive results. Now, you know how to start a podcast but where to start a podcast?

9. Where To Start a Podcast?

Here are some popular podcasting platforms used by podcasters and listers. But, you will have to use podcast hosting, which will automatically let everyone know about the podcast. One more way to start a podcast is by uploading it on Youtube, and you should definitely adopt it.

But if you want to cover every audio platform, you will have to purchase hosting and host your podcasts. All you need is a domain name for your podcast and use any of the following hosting sites:

  1. BUZZSPROUT
  2. Podbean
  3. Transistor
  4. Simplecast
  5. Spreaker
  6. Anchor.FM
  7. Smart Podcast Player

Now let’s discuss these in detail.

1. BuzzSprout Podcast Hosting Platform

BUZZSPROUT Podcast Hosting Platform

Buzzsprout is a top-rated podcast hosting site that many people use and has a free plan. The free plan gives you up to hours of content and hosts it for 90 days. And, if you choose to get a premium plan which starts from just $12/month, you will get unlimited hosting with 250GB of bandwidth.

It will give you about 40,000 episode plays per month, which is just fantastic. They will embed an audio player on your website and give you easy analytics too. So, this is just the best podcast hosting site for beginners.

2. Podbean

Podbean Podcasting Site

Podbean is another podcasting site very popular among podcasters as it gives you a large number of options. They promote your podcast on Spotify, Google Podcast, iTunes, Alexa, etc. And, their free plan lets you upload up to 5 hours of content with about 100GB bandwidth per month. If you decide to go to their premium plan, then it starts from just $9/month.

There is also a feature that automatically lets you upload the podcast on your Youtube channel once you sync it with your channel. And, there is also a mobile app that gives you reports and analytics.

3. Transistor Podcast Hosting With 14 Days Trial

Transistor Podcast Hosting Service

The Transistor is the most popular and best hosting service preferred by most podcasters. Many professional podcasters use it just because of the quality of service and fantastic feedback. Their plans start from $19 and go up to $99 per month. And, if you choose a premium plan, you will get unlimited features.

They promote your podcast the way you need and give you almost every tool to make your podcast successful. All the famous podcasts are hosted on this site, and they all are satisfied.

4. Simplecast

Simplecast

Simplecast is a very popular industry-leading hosting site. Most of the brands like Nike, Facebook, HBO host their podcasts on Simplecast. There is a one-click publishing tool that makes it very easy for bigger brands to start their podcasts.

If you are into professional services and don’t want to indulge in a huge process, it is just the absolute best. And, a lot of people want a very simple layout which does their job. And, for such a simple layout, it just costs $15/month.

5. Spreaker

Spreaker podcast broadcasting and monetization hosting

Spreaker, the best broadcasting and monetization hosting, costs $16.50/month for the broadcaster plan. And, it is just amazing giving you a lot of premium features for such a low cost. They give you a one-month free trial, and their basic plans start from just $5/month and go up to $41/month.

The best thing about Spreaker is that they give you access from desktop and mobile devices too. This makes it very different from others allowing you to publish your podcasts from anywhere and monetize them.

6. Anchor.fm Podcasting Platform

Anchor.fm Podcasting Platform

Until now, we have mentioned a lot of podcasting platforms, but they all need some sort of expenditure from your side. But, if you are looking for a free solution, then Anchor.fm is just amazing. You can create and manage your entire podcast just using this website.

It will automatically publish your podcasts to most platforms like Spotify, iTunes and Google Podcast, etc. And, the best thing is a completely free solution for all your needs. You don’t have to buy a domain or a hosting but start uploading your podcasts.

7. Smart Podcast Player

Smart Podcast Player

It does not have the word Smart in its name but is also smart. The main highlight of this is the e-mail capture option which makes it different from others. And, one more highlighting point is that this is created by the famous podcaster Pat Flynn who has years of experience in podcasting.

So, you can only imagine the functionality of this podcasting platform which is created by a podcaster himself. You have to install their WordPress plugin, and you will get the Smart Podcast Player. If you are looking for a solution through WordPress, then this plugin would be definitely useful.

There are a few more popular podcasting platforms or hostings that you can use, but the real question is monetizing your podcast. So, here is how to make money with the podcast?

How To Make Money Podcasting?

How To Make Money Podcasting?
  1. Affiliate Marketing
  2. Consulting
  3. Online Courses
  4. Donations
  5. Premium Content
  6. Sponsorships

Let’s discuss this in detail.

1. Affiliate Marketing

Affiliate marketing is one of the most popular ways to make money online, and podcasting is no exception. It’s like you just make money for sale as a referral. And, any time there is a sale via you, you will earn a commission. But how will you make money with your podcast?

All you have to do is inform people about a product and ask them to purchase using your links. It will give you a commission, and it applies to every category. Let’s say you have a podcast on wrestling, and now you can ask your listeners to buy some wrestling merchandise via Amazon and give them affiliate links through which you can make money.

And, this is a hundred percent true that millions of people make money online through affiliate marketing. There are plenty of affiliate programs that give you a very high commission.

2. Consulting

Consulting is something that can pay you as high as you can’t imagine. It is the money you are charging for your time. So, it totally depends upon you how valuable you find it. Once you start sharing some knowledge with people, they will start asking you more about it, and here comes the consulting part. They will pay you as much as you charge them.

Some people charge for seconds. So, if you can build a good reputation and have a good amount of listeners, then the world is yours to conquer. Have some patience, and you will be minting money very soon. People make a lot of money in the field of fitness, finance, education, etc.

3. Online Courses

Do you know the fact that people tend to learn more digitally than going to a physical institute? And, it is very cheap and convenient to learn online too. And, this is another opportunity for people like you who can make an online course once and make money for the rest of their life. Yes, online courses are just a passive way of minting money.

Once you have built an audience base, then you can sell them everything. Create a course related to your niche and endorse them for a reasonable price. You should ask such a price which should be affordable to all your listers and start making money online. You can make a course in the form of audio/video lectures or just a simple e-book.

4. Donations

Donations and Crowdfunding are getting very popular nowadays as people prefer to donate a few bucks online rather than giving them to beggars. Whenever there is a calamity, a lot of people make donations to help the victims. And can raise a lot of money this way.

We are not suggesting you start making money by asking others, but you can help others with your audience’s help. Let’s say you need some money to make certain changes to your setup and don’t have that much money. Then you can ask your listeners for Crowdfunding to buy a new microphone or a new studio. And, this way you will get enough money.

5. Premium Content

If you are putting up some amazing content for your listers and enjoying it the way you are pushing it, there is a great option for you to make your content premium. Yes, it’s possible; you can charge your listers for some premium podcasts and give them early access or something of that sort.

And, if they like your content, they are surely going to pay you for that. You can make a subscription option through which they can support you and your podcast. So, why not take advantage of this opportunity? Who knows in the long run how successful you become! You might be competing with Netflix and Amazon in the future.

6. Sponsorships

Wherever there is digital content, you can always get sponsorship from popular brands, and they will happily pay you for that. Yes, once you have a decent audience base, you can approach the brand to pay you. Some people are making money just with sponsorships and do not use any other source of revenue.

When you, as an influencer, endorse a particular product, your audience is keener to buy that product or service. And, as a brand, they have a better conversion rate than spending on advertisements. And, these sponsorships will pay you before you upload your podcast and make it publically available.

Conclusion

So, the whole point of a podcast is to make people aware of something and build an audience base ready to listen to you. There was a time when radio channels used to be very popular, but now podcasts are taking that place. And, if you want to take advantage of this opportunity, then the time is yours.

If you want to start a podcast without spending a single penny, the best way is to go with Youtube. You are putting audio content, but some visuals build more authority than only audio. And, another popular platform for podcasts is Anchor.fm. Why are you wasting your time on thinking than start publishing your podcasts?

And, if you want to do it professionally, you should get a domain and connect it with podcast hosting and start publishing your podcasts. All this starts from choosing a niche, then deciding the content of your podcast, building a few infographics, including the logo and banner of your podcast, then ultimately recording and editing the audio file and finally uploading it. If you are ready to do all this, you will have a successful podcast in the long run.

There are a few obstacles too, but if you are keen on your content, nothing can stop you. You can even start with just a smartphone and make money in the long run with a successful podcast. So, stop thinking and start acting on your ideas and be a successful podcaster.

What are your thoughts about starting a podcast and make money in 2021?

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