Be careful using crowdfunding with "shot outs" as a reward.
There are some things you may regret doing in podcasting.
You always assume everything thinks like you. They don't. I would never go on a podcast where someone is a podcast consultant and attempt to get people to sign up for the School of Podcasting. Now, I have been on many shows about podcasting because the host asked me to be a guest. Even with an invite, I try to provide information that will help people be better podcasters. I rarely feel I blatantly ask people to join the School of Podcasting.
However, other people (and I don't believe this was malicious) wanted to support me by promoting their service that was in direct competition with my services. I've never seen a McDonald's advertisement that ends with, "And if you like onion rings - check out Burger King."
As these people are my supporters (and in many cases friends) this gets awkward. Consequently, I've added a line that anyone who can be considered a competitor to what I offer, I reserve the right to not accept your support and not promote my competition on my own show.
When I Did The Math
Someone was paying $20/month or $5/episode where they were consumed by 700 listeners. If this was an advertisement that calculates to $7.14 for 1000 downloads. The average right now is around $25. They should be paying me $18 an episode, not $20 a month.
As always the choice is yours. I just wanted you to consider:
Work With Me
You can buy my book Profit From Your Podcast.
You can schedule a podcast strategy call.
You can join the School of Podcasting
Check out the book Profit From Your Podcast on Amazon
Join the School of Podcasting or schedule a coaching call.
This podcast is part of the Power of Podcasting network. Changing the world one download at a time.
People think a podcast sponsor is the Holy Grail. it's not for 95% of podcasters
Today we talk about the ways you can make money with your podcast. Sell Your Stuff Sell other Peoples Stuff Sponsors Donations and Crowd Funding Free Stuff, Of course, all of those rely on you having an audience.