6. Storytelling via podcasts
What is it?
If you have good oratory skills and love telling stories, monetise it. A podcast is a series of digital audio or video files a user can download to listen. With nearly 200 million monthly active users, 40 podcast companies, and a steady rise in users triggered by Covid lockdowns, audiobooks and story reading have caught on.
How to do it?
Step 1: You can start recording on your mobile phone, but it is better to get good equipment if you want to sound professional You will need a microphone, pop filter, computer or laptop and audio editing software.
Step 2: Next, look for a platform where you can post and publish your podcast. While Apple is the premier podcast platform, there are others such as Google Podcast, Anchor, Spotify, etc.
Step 3: You will first have to sign up on the platform, then either record an episode or upload a pre-recorded one.
How much can you earn?
You can earn through sponsors, advertisements, subscriptions, selling products, courses and merchandise. Once you have around 500 downloads, you can start earning, but for a decent income you will need advertisers and sponsors, who look for bigger audiences of over 5,000 listeners.
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