WATCH▶️ Watch this episode on YouTube***EPISODE DESCRIPTIONAre you ready to monetize your podcast but unsure of the best approach? In this episode, we explore the "Profits Framework," a step-by-step process to help you effectively monetize your podcast, regardless of your audience size.In this episode, you’ll discover:• The 7-step "Profits" framework for planning, researching, optimizing, focusing, implementing, testing, and scaling your podcast monetization.• How to define your audience and create a content plan that attracts and engages them.• Various monetization options available to podcasters, such as sponsorships, ads, affiliate programs, and selling products or services.• The importance of focusing on one monetization strategy at a time to ensure its effectiveness.• How to track your progress using analytics and data to make data-driven decisions.• Tips for testing and iterating your monetization strategies based on audience feedback and performance data.• Scaling and diversifying your monetization options for long-term podcast success.Full transcript and show notesFollow Dylan on Instagram / TikTokPodcast Academy WebsiteTIMESTAMPS00:00 - How Do Podcasts Make Money?00:10 - Digital Podcaster Introduction01:13 - Episode Introduction03:45 - The P.R.O.F.I.T.S. Framework05:05 - Plan Your Approach06:36 - Research Monetization Options10:17 - Optimize for Audience Value12:40 - Focus on One Strategy at a Time13:49 - Implement and Track Progress16:20 - Test and Iterate and Scaling18:49 - Closing Thoughts & Next Steps***CONNECT📬 Subscribe to the newsletter📸 Connect on Instagram🤳 Connect on TikTok🎟️ Attend the next free Podcast Workshop***SPONSORS🎥 Turn your long-form videos into engaging clips for social media with Content Clips🎙️ Follow a proven system to start, grow and monetize your podcast in a matter of weeks

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