podcasting

podcastHave you ever wondered why there are not more podcast millionaires? Part of the reason is that most podcasts just don’t have the audience necessary to generate any significant ad revenue. The other problem is that as podcasting grows, so do the number of shows targeting the same audience. The larger and more successful podcasts can generate revenue by charging subscription fees for their shows, or even by charging for the back catalogue of shows. Even amongst the larger corporations, excluding The Wall Street Journal, and Consumer Reports, most haven’t been able to sell enough subscriptions to their web-based content to be anywhere close to profitable. Apparently, it seems, just having a recognizable brand isn’t enough to sell subscriptions alone.

In an interview last year Yahoo Chief Products Officer Geoff Ralston pointed this particular problem out. “…the fact is that what we really want to do at Yahoo is to bring podcasting to the mainstream, and for that to happen people have to learn about it. So we’ve created a site where it’s really easy to learn about it, and like I said, you’ll be able to find podcasts eventually everywhere on Yahoo. So as you’re reading your news, which of course many millions of people do every day week, and month on Yahoo, you will start to be introduced to podcasts and start to be introduced to the podcast experience of the site and that will actually start to bring you into the community of podcasters. And it is a community! One of the key aspects of Yahoo Podcasts is that the community is what gives it strength and gives the feeling of the site. The site also allows people to rate podcasts to create the ability for people to find the podcasts that matter."

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Podcasting is a powerful, easy and inexpensive new medium for sharing your message with a focused and passionate audience. As a podcaster you'll become a recognized expert in your area of interest or expertise.

You can use podcasting to boost your credibility, build your list of customers and gain a fan base very quickly. This makes podcasting a great tool to promote a product or service.

Here are four reasons you need to start a podcast today whether as a hobby or for business.

1. Become a Recognized Expert or Celebrity in Your Chosen Niche

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