{"id":11603,"date":"2022-09-21T11:05:09","date_gmt":"2022-09-21T15:05:09","guid":{"rendered":"https:\/\/libsyn.com\/blog\/?p=11603"},"modified":"2023-02-15T12:18:59","modified_gmt":"2023-02-15T17:18:59","slug":"podcast-monetization-content-systems-before-sales-with-kate-erickson","status":"publish","type":"post","link":"https:\/\/libsyn.com\/blog\/podcast-monetization-content-systems-before-sales-with-kate-erickson\/","title":{"rendered":"2023 Podcast Monetization  \u2014 Content Systems Before Sales"},"content":{"rendered":"<p>[Updated]<\/p>\n<h2><span style=\"font-weight: 400;\">What do content systems have to do with monetizing your new podcast? <\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Everything!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, if you are launching a podcast and thinking <em>\u201cHow do I get sponsors?\u201d <\/em><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or, even these questions:<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">How do I get sponsorship BEFORE I launch my podcast?\u00a0<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">How do I get a sponsorship now that I\u2019ve launched, but I am nowhere near 5000 or 1000 downloads per episode?\u00a0<\/span><\/em><\/p>\n<p>You&#8217;re going to want to read all the way through to set yourself up for sponsorship success.<\/p>\n<p><span style=\"font-weight: 400;\">Listen, I\u2019ve got my ear to the ground and I can 100% verify that these questions come up <strong>a lot<\/strong>, not just here and there, but all the time \u2014 and have almost since podcasting came to be.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, I met with <a href=\"https:\/\/www.linkedin.com\/in\/katelynnerickson\/\">Kate Erickson<\/a> \u2014 a content\u00a0<\/span><span style=\"font-weight: 400;\">systems and workflow expert, as well as <\/span><i><span style=\"font-weight: 400;\">the<\/span><\/i><span style=\"font-weight: 400;\"> engine at <a href=\"https:\/\/www.eofire.com\/\">Entrepreneurs on Fire<\/a>, an award-winning podcast (and so much more) featuring John Lee Dumas interviewing inspiring entrepreneurs \u2014 <\/span><span style=\"font-weight: 400;\">to get her take on the best approach.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Are you ready for some answers?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Her typical response to most of those sponsorship monetization questions is&#8230;<\/span><em><strong>don&#8217;t focus on trying to monetize your show when you&#8217;re first starting out.\u00a0<\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400;\">Right?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But wait! It doesn\u2019t end there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Says Kate, \u201c<\/span><span style=\"font-weight: 400;\">I<\/span><span style=\"font-weight: 400;\"> have seen shows get a sponsor before they&#8217;ve launched. I&#8217;ve seen shows get a sponsor without 5000 downloads or even 1000 per episode.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Simple.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">They have amazing content<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">hey have an engaged community,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A<\/span><span style=\"font-weight: 400;\">nd they have a niche.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">hose are the keys to creating a great podcast that&#8217;s serving an audience.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>The Necessary Engaged Community<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">By \u201cengaged community,\u201d Kate is referring to an audience that is eager to talk about your podcast without you having to ask. They proactively share it with friends and family, they interact with you on social media, they ask questions and offer valuable feedback.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building that community takes time, your personal engagement and most importantly,<\/span><b><i> creating continually compelling content.<\/i><\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhen we first started out, our biggest focus was on how we were going to create consistent, valuable content that our audience wanted or needed,\u201d explained Kate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThat was so key for us because of the consistency of being a daily podcast. We also focused on putting content on our site that was SEO-friendly to get us organic traffic.\u00a0<\/span><\/p>\n<p><em><b>Without that, we would never have built the business that we have today. We don&#8217;t do paid ads, we don&#8217;t do paid advertising. Our content is what has helped us build our business and grow our audience.\u201d<\/b><\/em><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>All Systems Go<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">But, attaining consistency means having systems and processes in place. You need the\u00a0<\/span><span style=\"font-weight: 400;\">infrastructure, the setup or the system to help create content.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You need guests lined up.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then, there&#8217;s that blog you need to write that&#8217;s supposed to go live tomorrow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The goal is to be able to front-load your content, and always be ahead of it. Otherwise, you&#8217;re just, and I quote, \u201con a hamster wheel constantly struggling to keep up with what is really the foundation of your venture.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those\u00a0<\/span><span style=\"font-weight: 400;\">systems and processes need to be in place to stay ahead of content<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Recognize the Value of Your Time Investment<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">So what\u2019s the timeframe to expect when launching a podcast? What can you realistically predict in terms of being set to take advantage of opportunities to monetize?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">I think initially, there&#8217;s a learning curve,\u201d begins Kate. \u201cStart with an outline or structure to build the system that you want \u2014 write out a set of steps, find tools and automation that can help you.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">Explore if you can delegate parts of that, then document it and make it repeatable.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis is going to take a minimum of six months. <\/span><span style=\"font-weight: 400;\">Maybe you have a system set up in the first few weeks. Over the next month or two, you&#8217;re going to find efficiencies, you&#8217;re gonna find that maybe a tool you thought was going to work isn&#8217;t working, and you need to find a different one.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cUse these months to <\/span><span style=\"font-weight: 400;\">set up solid systems that function well enough that you can begin to trust their efficacy. But truthfully, our systems and our processes are still evolving today \u2014 10 years later. if it&#8217;s a good system and you&#8217;re a good manager of that system, you&#8217;re constantly finding new ways to make it better.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What you are doing by putting systems in place is building a foundation to eventually make money on a consistent basis and help you scale. It\u2019s after those systems are set up and running well, that you begin sprinkle in the business layer.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Opportunities Await!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Systems place, check.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Content is running, check.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bank of content, check.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Y<\/span><span style=\"font-weight: 400;\">ou\u2019ve freed up time that you can now spend looking for opportunities. <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Can I create a course for my audience?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Can I create a community for my unpaid community? For my audience?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Can I reach out to sponsors at this point?<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can and you should.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Updated] What do content systems have to do with monetizing your new podcast? Everything! So, if you are launching a podcast and thinking \u201cHow do I get sponsors?\u201d Or, even these questions: How do I get sponsorship BEFORE I launch my podcast?\u00a0 How do I get a sponsorship now that I\u2019ve launched, but I am [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":11608,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[181,29,61,37],"tags":[1772,301,1773,1774,112,1200,1685,1771,348,13,36],"class_list":["post-11603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-libsyn","category-libsyn-podcasters","category-podcasting-community","category-podcasting-tips","tag-content-systems","tag-elsie-escobar","tag-entrpreneurs-on-fire","tag-kate-erickson","tag-libsyn-podcasts","tag-podcast-advertising","tag-podcast-monetization","tag-podcast-sponsorship","tag-podcast-workflow","tag-podcasting-advice","tag-podcasting-tips"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.5.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"[Updated] What do content systems have to do with monetizing your new podcast? 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