Starting a Podcast for Side Income Risk-Free With This Free AI Tool

In today’s rundown:

• Monetization opportunities with podcasts and similar audio media.

• The free tool lets you generate podcasts quickly and with little effort.

• Targeted audience: content creators and hustlers.

Read time: 3 minutes.

Is Making Podcasts Profitable?

Let’s do some deep dive

This is the current and future of podcasting. The podcasting industry is booming, with over 464.7 million listeners globally, and market revenue is expected to grow from $18.52 billion in 2022 to $130.63 billion by 2030. Podcasters can earn substantial income through ad placements, with a 30-second ad slot fetching a minimum of $180 per episode, contributing to the $4 billion podcast advertising market projected for 2024. Successful monetization is common among seasoned podcasters, with 69% achieving it within two years.

Here are the earnings for top Patreons podcast creators.

Those are very exciting! But let’s be real: What are the chances you will earn that much? Let’s look at the realistic number that small creators can earn. Unfortunately, the number is much less glamorous.

However, you don’t have to limit yourself to podcasts for monetization and benefits. You can create courses, get ads, sponsorships, and affiliated marketing. There are also indirect benefits, such as generating leads for your different businesses.

Most podcast platforms charge money to host your podcasts. One way you can start for free is to create video content and utilize YouTube for monetization. Ultimately, nothing worth doing is easy. You should do your own research and decide whether this can be a viable side hustle based on your interests and efforts.

💡 The core of any idea is to niche. Narrow to a niche in which you have domain knowledge and are interested. Don’t try to become the next Joe Rogan overnight.

You can research keywords and start small. I have done some quick keyword research for you. Look at the search column to gauge public interest and the difficulty level to understand competition through SEO, which can be inferred as competition in that niche.

If you’re interested in the full list of keywords, message me, and I’ll be happy to share the full list.

How to create a podcast quickly for free?

I already have an article reviewing NotebookLM separately. Please check it out here. In this post, I’m only discussing the podcast feature.

NotebookLM allows you to create a free podcast with up to two hosts.

You can customize the podcast.

You can check out a sample Podcast I generated here (it requires a Google login) and evaluate the results.

Basic steps to generate a Podcast

1. Provide the content you want the recording to be about. You should know this very well, such as your blog, books, or, if desperate, AI-generated content.

2. Upload the resources to NotebookLM, and you can generate the Podcast. Vollaa, it’s easy!

3. After the recording, you might have to add your touches, such as videos, tone, and tune customizations. I have a separate article that reviews all the top free AI video tools you can use to accompany your audio recording.

That’s a wrap! 🌯

Happy podcast-ing 🎙️ and stay hustling 💰️.

Got questions? Reach out at [email protected].