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Friday, September 20, 2024

6 Methods for Boosting Your Podcast Subscriber Base and Earnings


Opinions expressed by Entrepreneur contributors are their very own.

One of many first guidelines of launching and rising a enterprise is to keep away from overly saturated niches. For instance, as of early 2024, there have been 3.2 million energetic podcasts, so it might sound logical to run as quick as doable from this media.

Fortunately, I’ve by no means performed something the standard approach — I have been extra of a “throw spaghetti on the wall and see what sticks” kind of particular person. That is, partly, why I, together with Gillian Pensavalle, launched the podcast True Crime Obsessed. Regardless of the percentages, we’ve got managed to develop its paid subscriber base from 500 to 45,000.

To me, that is proof sufficient that there’s area for brand new creators. Moreover, and regardless of what some may regard as market saturation, there is just one you who can share that distinctive voice with an viewers. I’ve discovered that there are alternatives to each create and enjoyment of genuine and engaged communities, alongside the best way producing skilled credibility and probably appreciable revenue. It is going to take exhausting work, however following my six-step course of for reinforcing your subscriber base and holding listeners coming again for extra will likely be a leg up.

1. You do you, and solely you

There could also be a number of million podcasters on the market, however none of them wield your mind — which is why it is so vital to be genuine. It doesn’t matter what kind of fabric the present covers, it is important to deliver your background and expertise to the microphone.

I knew from the outset that the true crime podcasting area of interest was insanely saturated (on Podchaser, there aren’t any fewer than 23,000 of them), however I jumped in anyway as a result of mine deviated from the normal. Moderately than rehearsing or scripting issues the best way many hosts do, “TCO” is just me and Gillian having a spontaneous dialogue a couple of case after we have researched it.

The lesson right here is that it is important to spend time reflecting in your skills, background and expertise and apply them to provide one thing distinctive. Put merely, in a herd of horses, be the unicorn, and don’t fret an excessive amount of early on about your “voice.” That can come naturally.

Associated: Take heed to the Entrepreneur Weekly Podcast

2. Who’re your individuals?

No podcast can enchantment to everybody, so do not attempt. As a substitute, deal with these inclined to gravitate in direction of your content material.

It is going to seemingly be difficult to determine these demographics at first. After I began TCO, our subscriber base (I desire to name them our “fam” as a result of they’re such a terrific neighborhood) grew naturally. Later, we started to choose up on traits (our enchantment among the many LGBTQIA+ neighborhood, for instance) after which lean into these areas.

At first, you may not know your age, revenue and gender breakdowns, and that is completely high-quality. As a substitute, contemplate who these individuals actually are and what they care about. What are their social causes? What retains them up at night time? What do they dislike?

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3. Discover a co-host and group that expands worth

It is all the time good to have individuals round who praise you, however much more vital are those that complement you. The precise co-host will spice issues up with one other viewpoint, and because the present grows, you may seemingly need to add much more group members.

The important thing components listed below are contrasting talent units. Gillian and I are in a position to work harmoniously as a result of she’s brilliantly articulate, whereas I am a “reactor.” Whereas our talent units overlap, our conversational kinds distinction properly.

As soon as you have discovered a possible co-host, do a few non-aired episodes collectively to see how issues go. You may instinctively comprehend it if there’s chemistry.

4. Provide unique and compelling content material

An important ingredient for constructing a subscriber base (and so revenue) is, not surprisingly, content material. It have to be merely irresistible — that is non-negotiable. And on prime of this stellar content material you could provide extra materials that is unique to subscribers. I’ve discovered that to be the best approach of turning informal listeners into superfans.

Most true crime exhibits provide one unique episode to paid subscribers per 30 days. I elected, nonetheless, to do an additional full-length bonus episode every week, which helped flip us right into a routine a part of subscribers’ lives. Another choice is to supply extra bonus content material for subscribers at completely different membership ranges.

Associated: This Is the Profitable Formulation for Beginning a Profitable Podcast, In keeping with a New Evaluation

5. Decide to your neighborhood

Intrinsic in human nature is the necessity to belong and be surrounded by those that are like-minded. To actually take a podcast to the following degree, it is important to each construct an viewers and join with them, in addition to present a discussion board for them to attach with one another. Listeners need greater than a one-hour episode; many need to work together with different listeners and chat, so we created a Fb group that permits for that.

6. Show that you just’re human

Digital communities are unbelievable, however you may additionally need to present marrow — poke your head into the actual world from time to time. As an illustration, we seen TCO followers forming regional meetups, and so I started visiting them. Take into account doing that and/or internet hosting reside exhibits and meet-and-greets.

When you’re busy constructing a fam, do not forget to proceed embracing authenticity. Keep energetic on social media accounts, and do not simply put up about podcast-related stuff. I like displaying my private facet on Instagram, for instance — whether or not it is pics of me out and about or a video of myself geeking out over how I as soon as helped Taylor Swift not fall off the stage throughout a Saturday Night time Stay broadcast. (Sure, that occurred!)

Associated: Entrepreneur’s Roundup of Really useful Podcasts

These steps may also help you attain podcasting success, however remember that sometimes getting uncomfortable is a further and indispensable a part of the journey. I consider that failure is one thing to be valued. If you happen to failed, it means you tried — took an opportunity and confirmed up for your self.

So do not be afraid to throw spaghetti on the wall and see what sticks.

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