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6 Methods for Boosting Your Podcast Subscriber Base and Earnings

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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 lively podcasts, so it might sound logical to run as quick as potential from this media.

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

To me, that is proof sufficient that there’s house 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 doubtlessly appreciable earnings. It should take arduous work, however following my six-step course of for enhancing your subscriber base and protecting listeners coming again for extra can 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 necessary to be genuine. It doesn’t matter what sort of fabric the present covers, it is important to carry 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 are not any fewer than 23,000 of them), however I jumped in anyway as a result of mine deviated from the standard. Slightly 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 abilities, background and expertise and apply them to supply one thing distinctive. Put merely, in a herd of horses, be the unicorn, and don’t be concerned an excessive amount of early on about your “voice.” That may come naturally.

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2. Who’re your individuals?

No podcast can attraction to everybody, so do not attempt. As an alternative, concentrate on these inclined to gravitate in the direction of your content material.

It should doubtless be difficult to determine these demographics at first. After I began TCO, our subscriber base (I want to name them our “fam” as a result of they’re such an important neighborhood) grew naturally. Later, we started to select up on tendencies (our attraction among the many LGBTQIA+ neighborhood, for instance) after which lean into these areas.

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

Associated: How one can Develop a Loyal Podcast Viewers

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

It is at all times good to have individuals round who praise you, however much more necessary are those that complement you. The appropriate co-host will spice issues up with one other viewpoint, and because the present grows, you will doubtless wish to add much more group members.

The important thing substances listed here are contrasting talent units. Gillian and I are capable of work harmoniously as a result of she’s brilliantly articulate, whereas I am a “reactor.” Whereas our talent units overlap, our conversational types distinction properly.

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

4. Supply unique and compelling content material

Crucial ingredient for constructing a subscriber base (and so earnings) is, not surprisingly, content material. It have to be merely irresistible — that is non-negotiable. And on prime of this stellar content material it’s worthwhile to provide further materials that is unique to subscribers. I’ve discovered that to be the simplest approach of turning informal listeners into superfans.

Most true crime exhibits provide one unique episode to paid subscribers per thirty days. I elected, nevertheless, to do an additional full-length bonus episode every week, which helped flip us right into a routine a part of subscribers’ lives. An alternative choice is to supply further 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 really take a podcast to the following stage, 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 wish to work together with different listeners and chat, so we created a Fb group that enables for that.

6. Show that you simply’re human

Digital communities are implausible, however you will additionally wish to present marrow — poke your head into the true world at times. As an illustration, we seen TCO followers forming regional meetups, and so I started visiting them. Contemplate doing that and/or internet hosting dwell exhibits and meet-and-greets.

Whilst you’re busy constructing a fam, remember to proceed embracing authenticity. Keep lively on social media accounts, and do not simply publish about podcast-related stuff. I like displaying my private aspect 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 Evening Reside broadcast. (Sure, that occurred!)

Associated: Entrepreneur’s Roundup of Advisable Podcasts

These steps can assist you attain podcasting success, however remember that often getting uncomfortable is an extra and indispensable a part of the journey. I consider that failure is one thing to be valued. When you 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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