No, advertising and sponsorships are not the only way to make money with your podcast. Here are 3 ways that are more accessible to more podcasters to generate an income, even if you're just starting out, and even if you don't have your own products to sell to your audience.

Remember, however, you must show up and build trust. Without consistently showing up, it's hard to earn the trust you'll need to make any money at all. None of this will help you get rich quick, but indeed many of these strategies do work and have helped a lot of people, including myself, increase earnings.

0:00 Intro
0:39 Podcast Monetization Method #1
3:34 Podcast Monetization Method #2
7:20 Podcast Monetization Method #3

Tools and resources mentioned below:

How to start a podcast in 2022 tutorial: https://www.youtube.com/watch?v=Q8pfZna6H6Q

Affiliate marketing 101: https://www.youtube.com/watch?v=Nhaw1GN5L0k&list=PLzJ1r4EGn-el9-Y1Bg1FqnMbvVw-6CevW

SPI Podcast 275 with my podcasting students: http://www.smartpassiveincome.com/session275

SPI Podcast 197 - behind the scenes writing Will It Fly: http://www.smartpassiveincome.com/session197

SPI Podcast 188 with Patreon founder, Jack Conte: http://www.smartpassiveincome.com/session188

Amazon Associates Program: https://affiliate-program.amazon.com
Switchpod: http://www.switchpod.co
Patreon: http://www.patreon.com
Kickstarter: http://www.kickstarter.com
Supercast: http://www.supercast.com

Listen to my podcasts here:

🎤 The Smart Passive Income Podcast: https://www.smartpassiveincome.com/shows/spi/

🎤 AskPat (these are real life business coaching calls): https://www.smartpassiveincome.com/shows/askpat/

Also, have you thought about starting your own podcast? Check out the #1 podcasting tutorial on YouTube here:

https://www.youtube.com/watch?v=Q8pfZna6H6Q

The podcasting equipment I use: http://www.kit.co/patflynn

My video and live streaming equipment: https://patflynn.com/live-streaming-equipment-setup/

Also, follow me at these places below and say hi!

Personal site: http://www.patflynn.com
Instagram: http://www.instagram.com/patflynn
Twitter: http://www.twitter.com/patflynn

If you'd like to send me any snail mail, send it here:

10531 4S Commons Dr.
Suite 524
San Diego, CA 92127