WATCH
▶️ Watch this episode on YouTube
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EPISODE DESCRIPTION
Are you ready to monetize your podcast but unsure of the best approach? In this episode, we explore the "Profits Framework," a step-by-step process to help you effectively monetize your podcast, regardless of your audience size.
In this episode, you’ll discover:
• The 7-step "Profits" framework for planning, researching, optimizing, focusing, implementing, testing, and scaling your podcast monetization.
• How to define your audience and create a content plan that attracts and engages them.
• Various monetization options available to podcasters, such as sponsorships, ads, affiliate programs, and selling products or services.
• The importance of focusing on one monetization strategy at a time to ensure its effectiveness.
• How to track your progress using analytics and data to make data-driven decisions.
• Tips for testing and iterating your monetization strategies based on audience feedback and performance data.
• Scaling and diversifying your monetization options for long-term podcast success.
Full transcript and show notes
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Podcast Academy Website
TIMESTAMPS
00:00 - How Do Podcasts Make Money?
00:10 - Digital Podcaster Introduction
01:13 - Episode Introduction
03:45 - The P.R.O.F.I.T.S. Framework
05:05 - Plan Your Approach
06:36 - Research Monetization Options
10:17 - Optimize for Audience Value
12:40 - Focus on One Strategy at a Time
13:49 - Implement and Track Progress
16:20 - Test and Iterate and Scaling
18:49 - Closing Thoughts & Next Steps
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SPONSORS
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