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Sept. 2, 2024

Understanding Platform Fees: Best Options for Podcast Donations and Premium Content

Understanding Platform Fees: Best Options for Podcast Donations and Premium Content
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School of Podcasting

Value for Value or (podcasting 2.0) is NOT just about streaming Satoshi's (a very small amount of bitcoin). Today, we will discuss asking for support and what tools fit best for your situation.

I may earn a small commission for some of these as I participate in their affiliate program. This costs you nothing and supports the show.

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I'd love to hear what you thought about this episode. If you have a minute or two, it's less than five questions and works great on your phone or computer. 

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Platforms Discussed:

Donation Only (No RSS Tools)

Paypal

Buy Me a Coffee

Fanlist

Kofi

Premium Content Tools

Supercast

Patreon

Memberful

Hello Audio

Captivate

Buzzsprout

All of these platforms have their own strengths. If I just wanted to accept money, I'd use Buy Me a Coffee. If I wanted to sell premium content, I would use Supercast (although Captivate and Buzzsprout are very attractive if you are using them for hosting). Supercast has a super easy onboarding for new listeners with a two-click install, and their percentage is in alignment with others (if not less).

Keep In Mind:

A show with WOW content will likely get around 3% of its audience to engage.

New podcasters should focus on building great content and their audience instead of monetizing, which can lead to disappointment.

There are MANY other ways to make money with your podcast besides advertising and asking for support. See my book Profit From Your Podcast.

Full details at schoolofpodcasting.com/947

Because of Podcast

Congrats to James Cridlan of Podnews who was asked to come on BBC News and discuss the new deal with Kelsie brothers podcast. Check out how this happened in his article.

Jen Bryney of Congressional Dish got to cover both the Republican and Democratic party events via her connections with C-Span. Jenn your video from outside the DNC was touching. Keep up the great work.

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Mentioned In This Episode

Join the School of Podcasting Community

Profit From Your Podcast Book

Power of Podcasting Network

Dave's YouTube Channel

Dave's Podcasting Newsletter

Buy Dave a Coffee

Put Dave In Your Pocket

Where Will Dave Be?

Question of the Month

Mentioned in this episode:

Where Will I Be?

Live Appearances I'd love to meet you. To check out my latest appearances, click the link below. To have me speak at your event, go to www.schoolofpodcasting.com/contact.

Where Will I Be?

Join the School of Podcasting

Mark from Practical Prepping had been podcasting for a while, but after joining the School of Podcasting, his podcast grew at a faster rate. His Facebook group has over 30,000 members! Join the School of Podcasting and get access to: Step-by-step tutorials An amazing podcast community Unlimited One-On-One Coaching Join today worry-free with a 30-day money-back guarantee!

School of Podcasting

Come to Podindy.com - Learn How to Monetize and Amplify with AI

PodINDY-24 is all about "Profiting from Your Podcast Magnified by AI" and features the author of "Profit from Your Podcast" (Hall of Fame Podcaster) Dave Jackson. Dave is joined by Dr. Craig Van Slyke, Professor of Technology from Louisiana Tech University and the creator of the "AI Goes to College" Podcast; a preeminent scholar and thought leader on all things AI. Tickets (in person and virtual) are very affordable. Check out www.podindy.com

Question of the Month

Let's talk Chapters! What are your thoughts as a podcaster? As a Listener? Love em? Hate em? Use em? And don't forget to tell us a little bit about your show and your website! Go to www.schoolofpodcasitng.com/question

Question of the Month

Chapters

00:00 - None

00:00 - Introduction

00:54 - Opening

01:50 - The Satoshi Hiccup

03:38 - Patreon

05:21 - Setting Expectations

08:03 - Accepting Payments Only

12:46 - Selling Premium Content

19:20 - And the Winner Is...

21:10 - But if the Donation is Larger

24:45 - Pricing

25:44 - V4V Satoshi Thing

27:16 - Join the School of Podcasting

28:23 - PodIndy.com

29:04 - How to NOT Ask For Support

30:58 - 30% Taxes

32:00 - Evergreen Link

33:39 - Quick Summary

36:26 - QOTM

37:21 - Because of My Podcast

42:45 - Housekeeping

46:33 - Bloopers