Learn how to Begin a Profitable Podcast Facet Hustle: New Evaluation

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Podcasting is a $25 billion industry, and high podcasts have quite a bit in frequent — from size to variety of episodes to cowl artwork.

Now a brand new research by software program firm Podcastle pinpoints these similarities to assist new and seasoned podcasters have a greater shot at producing a profitable present.

The U.S.-focused study used the Apple Podcasts charts to search out the highest podcasts after which studied every week's value of knowledge, beginning April 15. Podcastle additionally surveyed 1,000 podcast listeners so as to add to the findings.

The research discovered that "revenue" is the principle motive Individuals wish to begin a podcast this yr — and it may be a profitable aspect hustle.

Associated: 3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That

Jannese Torres, the founding father of the non-public finance podcast, Yo Quiero Dinero, shared with CNBC earlier this month that she brings in a median of $37,394 month-to-month in income, partly by means of podcast adverts. A June 2022 Bloomberg report revealed that some podcasters had been making $18,000 a month with white noise.

This is what else the research confirmed about high podcasts and the listeners who tune in.

What Do High Podcasts Have in Widespread?

The research discovered that the common size of a high 250 podcast was 65 minutes. Of these, 68% used the most well-liked format, an interview, whereas 20% used the second hottest format, a deep matter rationalization.

The ten most profitable genres, so as, are society and tradition, comedy and humor, true crime, information, schooling, enterprise, well being and wellness, improv, private improvement, and documentary.

Credit score: Podcastle

The highest 50 most profitable podcasts had hosts that spoke a median of 174 phrases per minute, with a median of 58 filler phrases like "um" and "like" per episode.

Podcast intros for these high performers ranged from 30 to 59 seconds with half including an advert to the intro.

Many of the high 50 podcasts (60%) had a couple of host. Almost three in 4 of the highest 50 podcasts had at the least one visitor on the present.

For canopy artwork, the highest 50 had extra black and blue colours of their cowl artwork than some other shade and 52% of the duvet artwork did not have an image of the host.

Although every podcast cowl used a novel font, solely 38% used bolded font.

Most individuals who wish to begin a podcast are motivated by potential earnings (34%) or by the avenue podcasting offers them to specific their creativity (26%).

Associated: This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be 'More Attractive' Than an Office Job

Who Listens to Podcasts?

Podcast listeners have elevated by practically 70% since 2019 and there are greater than three million energetic podcasts globally, based on Podcastle.

Most podcast listeners (64%) often tune in on Spotify, with 34% selecting Apple Podcasts. A smaller share (6%) use YouTube Music.

The bulk indicated that they returned to a present as a result of the hosts or company had been entertaining (69%) and supplied new data or views (70%). A bunch's experience in a sure matter saved 36% of listeners coming again.

Most podcast listeners are doing one thing else whereas tuning in. Over one in 4 listeners (28%) had been cooking or doing chores and a couple of in 5 (22%) had been commuting to work or college.

Listeners indicated that the largest issues podcast hosts ought to keep away from are together with too many adverts or having poor audio high quality. Too many adverts flip off listeners throughout generations, with 70% of Individuals citing it as their primary podcast turn-off general.

Almost half of all listeners surveyed stated poor sound high quality made them cease listening.

Credit score: Podcastle

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