Business Overview

A podcasting business provides entertainment by uploading audio files online for listeners to subscribe to. Normally listened to over a smartphone app, a podcast generates money for the creator via advertisements. Listeners can also pay to get access to ongoing podcasts, bonus material, and extra episodes.

Who is this business right for?

The podcasting business is perfect for those who enjoy public entertainment. Podcast creators can join a slew of commercial and public networks, connecting with listeners, celebrities, and industry specialists. A good podcast business owner will have a niche subject to discuss, be tech-savvy, and understand modern entertainment.

A good podcast host can also focus on being clear, not clever. Those with pre-existing businesses often make great podcast hosts. They’re also skilled with artwork, news gathering, and equipment management. On every level, a podcast host needs to be a capable interviewer. Those who’re great at networking are often great at hosting podcasts.

What happens during a typical day at a podcasting business?

 

At the start of every podcaster’s day, they plan their content. A podcast’s popularity is spawned by its relevance, uniqueness, and attention to detail. For this reason, it’s mostly a creative endeavor. A podcaster needs to conduct research, plan their episodes and commit them to paper.

A podcaster usually spends time narrowing their topics, too, finding their best niche. More time is spent handling the podcasting software, microphone, headset, portable XLR recorder, audio interface, and computer. Audio is recorded, edited, and exported. During this time, a podcaster normally edits their content to assure accuracy, coherence, and a high entertainment factor.

A podcaster’s time can also be spent dividing podcasts into different chapters, finding good music and listening to fan feedback. Often, a podcaster will finish their day by promoting themselves on social media.

What is the target market?

A podcaster’s target market is large. Because a podcast can be about anything, it’s up to the podcaster to determine their niche. In general, however, a podcaster’s market is anyone who listens to podcasts. People who drive often, go for walks, or simply download smartphone podcasts. Listeners who are prone to e-commerce purchases are particularly lucrative.

How does a podcasting business make money?

A podcaster can make money in several ways. First, they can have sponsors. Every time a sponsor is used, a podcaster is paid. A podcaster can also ask for donations. Some podcasters give away free episodes, charging listeners for other episodes. Others, meanwhile, might offer free partial shows while offering entire shows for a fee. Social media advertisement can also generate money, as can a podcast’s website.

Successful podcasters often build an entire brand around their services, becoming product providers and even consultants. If a podcaster is well-connected in the mobile app world, they might sell an iPhone app alongside their podcast.

What is the growth potential for a podcasting business?

A podcast can become pretty popular. If the podcaster extends their episodes across Stitcher, iTunes and BlueBrry, they can catch a large audience. A successful podcaster should, however, have a plan to scale effectively in the online world. Because a podcasting business primarily relies on e-Commerce, the podcast’s owner will need to make sure their buying portals are organized. Eventually, a podcast’s owner can do live events. If this is the case, the live events will be hosted in large cities.