Can You Make Money With Your Podcast - Episode 064

Can You Make Money With Your Podcast?

People love to buy. They hate to have people sell to them. Create interest and desire. Make your fans want to buy. The hard sell rarely makes your fan feel good about making the purchase. How do we use our content to develop the desire to buy rather than the method to sell?

I believe it is possible to make money “with” your podcast. To make money “from” your podcast is much tougher.

Are You Important In The Life Of Your Listener?

The most important marketer in a person's life is someone they know, like and trust. We all know this.

I used Dave Jackson's affiliate link to build www.ErikKJohnson.com. This was after I got to know, like and trust Dave and his information at the School of Podcasting.

As I started in Podcasting, I hit Google to find information. That is where I originally discovered Dave. Then, I began seeing him in blogs and hearing him referenced in other podcasts. I began listening to his podcast to get to know him.

One day, I got an e-mail from Dave. He wanted to chat with me about podcasting to see if we might be able to help each other. It was great. That is where my trust really started.

After a few months, I used his affiliate link to build out my website for my podcast. It all started with the relationship.

This is the primary reason word-of-mouth is so powerful. The recommendation that comes from word-of-mouth usually only comes from a friend. A friend is someone you know, like and trust.

If the recommendation comes from someone you don't know, the message is no longer word-of-mouth. The suggestion is now called “marketing”, or “sales” or “a pitch”.

If you want the call-to-action within your podcast to be effective, you need to build that trusting relationship with your listener. From your stories will come self-revelation. This will allow your listener to get to know you. By being yourself and sincere, you will become likable. Finally, if you continually help your listener get what they want by putting their interests first, you will build trust.

On the Dave Ramsey Show, Dave helps people with every call he receives. Out of six or eight calls in an hour, he may mention his books, websites or seminars once. He will always mention his “baby steps” philosophy. However, he will rarely suggest people buy his products.

Dave reveals many personal things about his past and his family. The listener gets to know him. He is often blunt and honest. Dave's tough love makes him likeable. The help he provides his callers builds trust. These steps make Dave's manta become a true following. His listeners spread the word to the point where The Dave Ramsey Show has around 5 million listeners.

If you have built a true friendship with your listener, where they know, like and trust you, your call-to-action will be powerful. Spend time creating that relationship between your brand and your listener. Then and only then can you effectively use word-of-mouth.

Are you important in the life of your listener?

After you build the trust, you can then create a powerful call-to-action.

Is That You Calling?

To create a successful podcast, you need to create an effective call-to-action within your show. So, how do we measure success? If we are trying to get our audience to do something by using a call-to-action (listen again, buy our product, visit our website, support our cause), our call-to-action should be our determining factor of success. Measure what counts.

When you create your podcast, you should measure your success not by the number of listeners or downloads, but by conversions to whatever you want them to be or do.

Let's say your goal is to get people to visit the store on your website. If you have 1,000 people listening to your show, but you only get 2 of them to act and actually visit the site, you really haven't been successful.

However, if you only have 200 listeners, but 100 love everything you do and visit your site regularly, I would consider that a success. Having 1,000 listeners may sound better than 200. By closer evaluation, I would much rather have 100 fans than 2.

Don't get fooled by measuring the incorrect statistic. Measure what counts. Measure your call to action.

Create an effective call-to-action, and measure it.

Selling Is Easy, Right?

I was listening to an interview CD that accompanies each issue of Success magazine. Publisher Darren Hardy was talking with Founder and President of Piranha Marketing, Inc. Joe Polish. During that interview, Mr. Polish proclaimed great marketing makes selling easy and unnecessary.

You may not be selling in the traditional sense of products or services in exchange for money. However, you are making a call-to-action within your podcast. It may be selling for money. It may also be inviting your listener to come again, asking him to visit your website, requesting that she join your mailing list, inspire him to get involved with a cause or any other action. It all involves selling yourself.

Polish's statement was bold. As he went on to explain himself, Polish made perfect sense. In fact, his comments were very similar to the marketing and branding information we've been discussing with regard to your podcast.

In summary, Polish said great marketing gets people properly positioned, so they are pre-interested, pre-motivated, pre-qualified, and predisposed to do business with you (or act on your call-to-action). Great marketing therefore makes selling easy and unnecessarily.

If you have truly engaged your listener and created that strong relationship we've been discussing, the selling should take care of itself. Selling becomes difficult when you are trying to get your listener interested. Selling before your listener is motivated is a challenge. Trying to sell to a listener that isn't qualified is hard work. If your listener isn't predisposed to taking action, you will need to sell hard.

When you have taken the time to build the relationship, your listener will be pre-interested, pre-motivated, pre-qualified, and predisposed to do business with you. They will be ready to buy. Selling, in terms of convincing your listener to buy, will be unnecessary. Your marketing and engaging relationship will have them ready for your call-to-action.

This week, review your podcast. Let's discover ways to make money with your podcast.

• Are you building trust and properly positioning your listener to do business with you?
• Have you developed something to sell (other than advertising within your show)?
• Have you developed your strong call-to-action?

Let me know how I can help you with your podcast. E-mail your questions to Coach@PodcastTalentCoach.com.

You can also find other tools including worksheets, a workbook and videos to help you create great content at www.PodcastTalentCoach.com.

Let me teach you how to turn your information into engaging entertainment.