Tag Archives: roadmap

Your 2021 Podcast Roadmap – PTC 312

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When podcasters come to me for guidance, we start with a free strategy session to see if and how I can be of help. During this session, we develop a roadmap for the next 12 months. If it then makes sense to work together, we discuss what that could look like.

Today, I want to help you create your 2021 roadmap. This roadmap will be a fill-in-the-blank roadmap, because you and I aren’t sitting down to discuss your specific show and goals. You’ll need to do a lot of the work on your own.

YOUR STRATEGY SESSION

If you have created at least 25 episodes and would like to apply for a free strategy session with me, visit www.PodcastTalentCoach.com/coaching. You can apply right there.

If you are disappointed with all of the work you’ve been putting into your show but seeing very little ROI, and you would like 2021 to be different – the year you begin making money with your podcast – apply for your strategy session. We’ll see what is possible.

This could be your opportunity. I’ll show you how you can get more reach and visibility. Plus, I’ll show you how to leverage the work you’ve already done to grow a business around your show.

www.PodcastTalentCoach.com/coaching.

Let’s talk about your roadmap. Get a sheet of paper and a pen.

Yes, go old school. The physical act of writing does something to the brain as you are creating. It activates the brain in a way that typing does not.

FOUR STEPS ROADMAP

There are four steps to create your roadmap. We will go through each.

On your paper, draw a line straight down the middle of the paper from top to bottom. Now, draw a line right across the middle of the paper from side to side.

You should now have four quadrants on the page. We will fill each of the four quadrants with different ideas and evaluations for your roadmap.

TOPIC

In the upper left corner, write topic. This is the first step.

To be a podcast success, you need to create your show around a topic that you love. This needs to be something you can talk about for days and never get tired.

I know. You’re saying, “Erik, of course this is my favorite topic. Why else would I be doing the show?”

Well, maybe. I’m not talking about a topic you think is cool. This needs to be a topic that really gets you excited. People should be saying, “Enough already – can’t you talk about something else?”

You talk about this all the time. You eat, drink and sleep this topic.

Here is how we find out. Set a timer for 10 minutes. In the topic quadrant, write as many show topic ideas as you can. Don’t evaluate the topics. Just write as many ideas as you can in 10 minutes.

Pause the episode, set the timer and write. Then come back and push play.

HOW MANY TOPICS?

Ok, count the number of topic ideas you’ve created. If you wrote down over 50 ideas, you are on the right track. This topic comes easy to you.

If you created between 35 and 50 topics, there is a good chance you have a topic you love. Your creativity or self evaluation might be holding back the ideas. Still, 35 is pretty good.

If you were able to only come up with 20 to 35 topic ideas, you may want to try this exercise again. You are walking on thin ice. Struggling to come up with topic ideas will create what appears to be writer’s block.

Passion kills writer’s block. If you love the topic, you have no issues creating topic ideas.

Think about what new people in this niche need to know. Discuss terms, resources, thought leaders, how to get started, where to find the best tools and other similar topic ideas. Now, try the exercise again and see what happens. If you still struggle, you should consider a different topic.

Now if you came up with fewer than 20 topic ideas, you are in the wrong niche. I don’t want to be the one to call your baby ugly. However, you are going to struggle every week trying to create your show.

If you have trouble deciding were to start, you won’t start. Your podcast will fade away quickly. Then you are going to proclaim podcasting doesn’t work. No, your topic didn’t work for you. Don’t start down a path that you don’t love. It is too much work.

BUILD THE AUDIENCE

In the upper right quadrant, write audience. Once you have a topic, you need to build an audience.

When I have a strategy session with a podcaster, we talk about goals. Most of the time the goals will always include “grow my audience”.

You need to understand that size is relative. It is more important to have a passionate audience who wants what you have to offer rather than a big yet passive audience.

People search out the Apple store. Those fans are passionate. Many more people shop at WalMart. However, very few people have a WalMart sticker on the back window of their car or on their laptop.

You want to create fans who will become clients. Lots of listeners are great. Lots of listeners who will buy your stuff is even better.

According to Canalys Worldwide PC Analysis in October 2019, Apple ranked 4th with 7.8% of the world computer market behind Lenovo, HP and Dell. Apple was almost 10% behind number 3 Dell.

When was the last time you saw anyone lining up outside a store waiting for the new HP to be released?

Dell Technologies has a market cap of $52 billion. Apple’s market cap is almost $2 trillion. Now, Apple phones drive that cap. But it is four times bigger.

FIND YOUR IDEAL CLIENTS

You want to find people who want everything you have. In that upper right quadrant, start listing people who are already talking to your ideal clients. This could be podcasters, bloggers, YouTube creators, event coordinators, associations, manufacturers, magazines, radio shows, people with big e-mail lists and anyone else talking to your potential customers.

Where can you find these people? Where do they hang out online? How can you get in front of your ideal clients?

In order to build your audience, you need to find people who aren’t aware of you and your show. Then, invite them to come listen.

SOLVE A PROBLEM

After you have built the audience, you need to create something of value for them so they can give you money. Both of you need to win here.

The best way to offer value to your audience is to help them solve a problem. What are their struggles? What hurdles are they trying to overcome?

When you have a topic that you love, finding their problems shouldn’t be too difficult. You’ve been there. You have been through the struggles.

Determine how you can help your tribe overcome those struggles. Then, create something to sell around your solution.

Solve one specific problem for your listener.

If you know exactly who you help and what you help them do, your single solution should be clear. You can now find those people and offer to help.

In the lower left quadrant, write problems. Now list all of the problems that exist for your ideal customer. Remember, you only need to solve one. Let’s find the right one. The one most would be willing to pay money to solve.

As you brainstorm problems, think of the things people always ask you about. How do you do this or how do you fix that? Where are they struggling?

What questions do you see most often in Facebook groups or online forums? What problems are people in your niche complaining about most often?

These are all signs of problems that need to be solved, and you’re just the person to do it. Find your solution.

SELL IT

Your final step is to get people to buy your solution. In the lower right quadrant, write system.

There are three parts to your system. How can you promote your solution? Where will you sell it? How will you deliver it?

Those are the three things you need to determine. Create a system to promote, sell and delivering your solution.

If you are selling a physical product, many Amazon is right for you. Maybe you’ve created a course and something like Teachable is your delivery.

In this quadrant, write your solution to these three parts. You need ways to promote your solution. You will definitely mention it on the podcast. Where else can you promote it? What affiliate partners might be able to promote it for you? List all of your ideas.

Write down how you will sell your solution. Is there anything you need to learn to do this? Don’t make it more complicated than it needs to be.

Finally, how will you deliver your solution?

Stay focused on one problem and one solution to that problem. You can’t create multiple streams of income until you have the first one flowing first.

START YOUR ROADMAP

Those are your four steps to your 2021 podcast roadmap. Get started today. If you want different results in the next 12 months, you need to start doing different things. Now is your time.

If you would like some help creating your specific plan, let’s talk.

If you have created at least 25 episodes and would like to apply for a free strategy session with me, visit www.PodcastTalentCoach.com/coaching. You can apply right there.

This could be your opportunity. I’ll show you how you can get more reach and visibility. Plus, I’ll show you how to leverage the work you’ve already done to grow a business around your show.

www.PodcastTalentCoach.com/coaching.

Let’s turn your information into engaging entertainment.

The Podcast Revenue Roadmap – PTC281

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Are you ready to take the information you share on your podcast and turn it into a product you can sell? Would you like to make a some money with your show, generate revenue and monetize all of that hard work.

Today, we are going to lay out the roadmap from your content creation to your monetization. Without a plan, it will be difficult to reach your goal.

Imagine being able to leverage all of that great content you are creating each week, use it to attract an audience and then have them buy your information product to help you generate some revenue. That’s the plan we will create today.

EVENT THAT CHANGED MY LIFE

Last weekend, I attended a virtual event that changed my life. I know that sounds over the top. But, it’s true.

It was called JVX Live and was put on by the guys over at Joint Venture Insider Circle. The link is in the show notes at www.PodcastTalentCoach.com/podcasts.

Have you ever met a person who showed you what is possible and exactly how to get there? You thought, “Wow! How did I not know about this?” That’s what happened.

Over the years, I have been climbing the hill step-by-step and learning a ton. At this event, it felt like I jumped on the learning gondola that supercharged my growth like you wouldn’t believe.

Here, I was surrounded by people who coach just like me. During the event, we would be split into small groups of 8 where we could talk about what we did and meet the other people. We were all looking for great business relationships.

PARTNERS

Of the 300 people in attendance, I was eventually in small groups with about 80. Out of those 80, I found 40 that I personally spoke with who might make great affiliate and joint venture partners for me. It was fantastic.

We all shared ideas and helped each other grow. It was amazing. Now over the past week, I have been on the phone and Zoom calls talking with these people, learning so much and discovering how we might help each other.

The connections were so energizing. Every time I would tell someone I help coaches and experts demonstrate their expertise and attract their ideal clients with a podcast, they would say, “Oh, I have 3 or 4 people to introduce you to.”

The power of the collective mind is amazing. In addition to meeting and learning, I have found a ton of free resources for you that I will be sharing over the coming weeks. The sphere has just grown exponentially. And, you get to benefit from all of it. How great is that?

Before we get into creating your podcast revenue road map, I want to give you three incredible, free resources that are going to help you immensely in this journey. They are all at www.PodcastTalentCoach.com/roadmap.

FREE GUIDE

The first resource is my free guide “Six Ways To Make Money With A Free Podcast.” This guide will give you some great ideas along with a dozen examples.

FREE SHOPPING CART

The second is a free shopping cart. If you want to sell digital products online, you need a system that can be your checkout page and deliver the goods.

This is where I really struggled when I started. I didn’t understand the difference between your shopping cart and your payment processor. Your shopping cart is where people come to shop for your goods and buy them. The payment processor is like PayPal or Stripe. That is the system that actually processes the payment. You link the two together to sell your digital products.

Now, you can get this shopping cart for free. It is called GrooveSell and it has been developed by Mike Filsaime.

Mike is a digital marketer. He helped build Video Genesis, one of the first digital products I ever bought back in 2013. Over the years, he helped build WebinarJam, EverWebinar, Kartra and others. He is amazing.

He has now built an amazing shopping cart platform that rivals One Shopping Cart, Infusionsoft, Ontraport, Samcart and others. It even has affiliate systems built in that are similar to ClickBank and JVZoo.

GrooveSell is usually $99/month just like the others. However, he has given me an affiliate link that will allow you to get it for free for life.

What’s the catch? First, he wants to help a ton of people during this crazy time. So the offer is for a limited time. He also wants people to test drive the system and report any bugs. Mike wants to make sure it is perfect before his big rollout. You can help him and in return get the system for free.

THE FEATURES

The link for GrooveSell is also on the page at www.PodcastTalentCoach.com/roadmap.

With GrooveSell, you get:

– Unlimited Products and Funnels

– Flexible Pricing Structures

– Powerful checkout options

– The most powerful Affiliate software on Earth

– Dynamic thank you pages

– Upsells, Downsells, and Order Bumps

– 1-Click Upsell

– Robust Integrations

– No Monthly Fees

– ZERO transactions fees

And, you can use your own PayPal, Stripe or other account.

There are other products Mike sells in the suite. However, this one is free for you with no “gotchas”. Check it out at www.PodcastTalentCoach.com/roadmap.

COLLABORATION CIRCLE

The final opportunity is also free. It is a way for you to find partners to help you grow just like I did. Where my event last weekend was 3 days, this event is once per week for 2 hours. You get in small groups and see how you can help promote each other and grow. Make it on the weeks you can.

The group is call Collaboration Circle. It is free to join. You can find my referral link at www.PodcastTalentCoach.com/roadmap.

Three great, free resources that will help you get on this path. Get them while you can.

YOUR REVENUE ROADMAP

Now, let’s talk about your own Podcast Revenue roadmap. We need to define your goals before these tools will help you get there. The key is to start with the end in mind and work our way back to build our roadmap.

Look into the crystal ball 12 months from today. Where would you like to be? How many downloads? What would you like to be selling and how much would you like to be making?

WHAT IS FEASIBLE?

Now, let’s take those numbers and see if that is feasible.

Let’s say you would like 1,000 downloads per episode and making $100,000 per year. Some tasty numbers.

Where are you today? Maybe 120 downloads per episode and $0 as an example.

So, if we do the math we see we need to grow your downloads by 880, or about 17 new downloads each week. What can you do to find 20 new listeners this week while keeping the listeners you already have? That doesn’t sound so difficult. It just takes consistent action. 4 new listeners a day.

To hit $100,000, we also need to create $8,333 per month or about $1,925 per week. That might be a little more challenging. What can you offer your audience that they would buy?

WHAT CAN YOU CREATE?

Think of the things in your niche that you have purchased. Directories, lessons, software, books, accessories, tip sheets, apps, instructions, resource guides. If you are like me, you probably have a bookshelf or file on your computer full of them.

What could you create and sell at a reasonable price that your audience wants and needs? Digital products are the best. You do the work once and make the sale over and over again. No inventory. There is no additional production. Every new sale is almost pure profit.

If you could create a digital product that sells for $20, you would need to sell 97 per week to hit your $100k. That’s pretty steep.

What if you created a $100 course? Could you sell 19 of those per week? Still a pretty big hill. This is why you need to work backwards into your numbers. $100k sounds great. However, you need the audience to convert to sales.

Could you create a $497 group coaching program and enroll 2 people per week? Combine that with 6 sales of your $100 course and 20 copies of your $20 step-by-step guide. Now you’re talking $103,000 per year. Find your sweep spot and spend time there.

START THEIR JOURNEY

Once you have defined what your audience wants and needs to solve their problems, what free item could you give them to start them on their journey.

Ideally, each level builds on the previous level. Your lead magnet, or free piece of content, would be a small sliver of your digital product. It could be a free chapter of your book or one particular step of your process. This gets your listeners started on the path to see what is possible.

Lead magnets solve one specific problem. We talked about this in detail in episode 235. Check it out if you need help here.

Where you lead magnet gives your listener a taste, you $20 step-by-step guide shows them the full process and teaches them “what to do”.

Your digital product shows your listener “what to do”, your $100 course shows your listener “how to do it”.

The course is part of your group coaching. Your course shows them “how to do it”. Then, your coaching then helps people implement your how-to course.

It climbs the value ladder. Each rung of the ladder offers a higher level of help with a little higher price tag.

YOUR PODCAST

So, how does your podcast fit into all of this? Your content is the step right before the lead magnet.

On your podcast, teach your listener what is possible. Here, we are showing you what is possible with your show in terms of generating revenue.

It just like like me showing you what is possible with selling your digital products. Then, I send you to my website to get my “Six Ways To Make Money With a Free Podcast.” The lead magnet solves one specific problem. It helps you come up with a way digital product you can create and sell.

Start with the end in mind and work your way back to your content. Once you have the group coaching defined, turn that into a course. Peel off a piece to create a digital product. Use little pieces of the digital product for various lead magnets. Then, use each lead magnet for an episode.

If you talk about Jeeps, create a way for Jeep enthusiasts to find the best off-roading in every state.

Let’s say you talk teaching piano. Create a way to learn 3 of your favorite songs in 30 days.

If you talk genealogy, create a program that teaches people how to track their family tree and hold a huge family reunion.

Do you talk bullying? Create a program that teaches parents how to help their kids develop strong self confidence.

If you love music history, create an affiliate program that helps people visit the historic musical sites around the country.

GET STARTED

Start creating your roadmap. Once you have your plan created, you will know exactly what you need to talk about on your show.

Get those free resources at www.PodcastTalentCoach.com/roadmap.

Let’s get started today. Most importantly, enjoy the journey.

You can find my podcast and other tools to help you create great content at www.PodcastTalentCoach.com.

Let’s turn your information into engaging entertainment.

 

 

  • Links may be affiliate links. If you make a purchase through one of these links, I may make a commissions. However, I only recommend products and services I believe in and trust. Monetary numbers are examples only. No promises or guarantees are being made. Demonstration purposes only.