22. Create a Podcast
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22. Create a Podcast
The Podcasters subdomain of the Spotify website
Method Stats:
Setup time: up to a few weeks to sign up on a platform, prepare your topic, and configure audio equipment and software
Age threshold:13+ to 18+, varies across sites
Time of payment: varies depending on income sources like ads and sponsorships
Starting a podcast is one of the most profitable online business ideas. The number of global podcast listeners has increased steadily over the past few years. It’s projected to reach around 500 million listeners by 2024.
A computer or mobile device with a built-in microphone is enough to start a podcast. However, we recommend investing in proper audio equipment and software to improve recording quality.
All you need is a topic to talk about and engaging communication skills. You can make a podcast about any topic, from financial tips to true crime.
After recording and editing the first few episodes, find a podcast hosting platform to publish them online. Some of the best ones are Buzzsprout, Resonate, and Anchor.
Most podcasts primarily make money from sponsorships. Once your podcast has attracted a following, consider signing up for production agencies like Podfly or Pacific Content to grow your brand, quality, and audience reach.
Make sure to promote the podcast on social media and other platforms, like on your own website. A podcast theme and an audio player can help boost the podcast’s brand identity and discoverability.
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