Episode 40: How To Make Money With Your Podcast With A Challenge

People are always asking How to make money with your podcast? One solution is to create a Challenge for your podcast audience. A Challenge is a guided experience or course which promises a specific result in a short time. Using focused effort and a plan to achieve a simple goal is the secret of the Challenge. A podcast challenge uses a specific goal and a deadline to focus your effort on achieving your goal.

In this episode of the Podcast By Friday show Bill Griggs and Kingsley Grant talk about how to use a Challenge as the key to making money with your podcast.

What do we mean by a Challenge?

A challenge is like a course or guided experience with a promise of a specific result at the end. http://thesavvycommunity.com/5-easy-steps-creating-first-viral-challenge/
Build a community around an activity to achieve a particular goal agreed upon by all involved

Why would we want to do a challenge?

For support
To get email subscribers … (Example: Pat Flynn)
To build community
To achieve goals
To market products
To get exposure
To showcase expertise

When should we do or begin thinking about a challenge?

When we have a product we want others to know about and participate in
When we want to grow a current listing
When we want to increase participation within a community
When you want fast documented results
When you want to duplicate or maintain results

How do we go about doing a challenge and is there more than one way to do challenges?

Choose a topic
Set a date for the challenge and how long it will last
Outline the practices for each day/week that will add excitement; keep participants engaged.
State the results that participants will achieve at the end of the challenge
https://www.google.com/onlinechallenge/


What To Do Next:

“The Next 7 Days” Challenge.
Go to http://www.podcastbyfriday.com/7days URL and sign up to be notified when the challenge starts


Ed Dale: https://yourfirstdollar.com/
The Next 7 Days: http://www.podcastbyfriday.com/7days

Podcast by Friday is a show that helps people create their Minimal Viable Podcast (TM) by taking bold action to defeat procrastination and get their voices heard.

Bill Griggs contact info:
Twitter: @BillGriggs
Websites: http://podcastbyfriday.com
http://cncroutertips.com

Kingsley Grant's Contact info:
Twitter:@kingsleygrant
Website: http://podcastbyfriday.com
http://startabusinessonlinefromhome.com
http://kingsleygrant.com

SHOW NOTES Mentioned:
On The Ledge http://www.spreaker.com/user/billgriggs/episode-pilot
http://www.podcastbyfriday.com/19
http://www.podcastbyfriday.com/20
http://www.podcastbyfriday.com/21

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