In episode #910, we discuss how and if podcasting can make good money. Tune in to hear how a podcast may be a lucrative endeavor.

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TIME-STAMPED SHOW NOTES:

• [00:27] Today’s Topic: Does Podcasting Make Good Money? (What We Learned From 16 Million Downloads)
• [01:08] Joe Rogan’s podcast gets 100 Million downloads per month.
• [01:21] The podcast makes $40 Million a year.
• [01:40] We are not interested in monetizing our podcast, as we are not going to make anywhere near that much money.
• [02:28] When Neil spoke at a recent conference, people inquired about the free event in LA.
• [02:47] More than ten people approached Neil about the LA event.
• [03:00] Podcasting is good for branding.
• [03:35] They don’t want to pollute the brand by advertising on the show.
• [03:47] When creating a podcast, you should have a goal.
• [04:10] This show has cost us more money than we’ve gotten out of it.
• [05:07] The free event will end up costing us money, but will pay out great dividends.
• [06:15] Building up good will pays off in the end.
• [06:40] Entrepreneur on Fire made over $45,000 last month.
• [07:12] That’s it for today!
• [07:16] Go here to see how many downloads the show is getting. Also rate and review to help us meet our goal of 1 Million downloads per month. Hopefully, we’ll see you at the live event in L.A.!

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