This week another newspaper group filed for bankruptcy. Freedom Communications, which runs the Orange County Register and a collection of 100 more newspapers across the country, joined Tribune Co. (operators of the other big local paper – The LA Times) and 4 other newspapers in bankruptcy court.
The problem is declining advertising revenue. The auto industry, one of the biggest buyers of newspaper ads, is in the tank. Craigslist et al have devastated the classified monopolies that provided huge profit margins for newspapers in days gone by.
If you were planning on making money by selling advertising, it’s time to come up with plan B.
Podcasting has been around for just over four years now and people are still struggling to make money podcasting. What’s the problem? Maybe we just haven’t discovered the business model(s) that work. There are lots of ideas out there and I thought it would be a good idea to make a list ( and make some money doing it – Note: If you click on links on this post and try the services, it will make me money. Many of the links use affliate program links to illustrate one of these business models. I use all of these programs and refer you to only the ones that seem good. Hope you don’t mind me making some money from writing about ways you can make money:)
Here’s my list. I’ve ordered the list from the what may be the most obvious ideas to the not so obvious ideas. Read to the end to find something you may not have thought about.
If you have another idea add it with a comment. Or you can comment on these ideas.
If you’re an author, info marketer or publisher and your sick and tired of producing events or content that only a few people consume and you would like to make more money podcasting, then you should learn about Podcast Secrets. Podcast Secrets is a system for monetizing podcasts developed by Paul Colligan and Alex Mandossian.
Paul Colligan and Alex Mandossian have taken the Podcast concept to new heights because their new and improved system for Podcast Monetization lets you connect directly with your readers and audiences with nothing more than a telephone in your hand!
To introduce Podcast Secrets, Paul and Alex are having a special teleseminar.
The guys were kind enough to provide me with a discount code that will save you $79.
Sign up quick – the call is Thursday, April 9, 2009 @ 6p Pacific / 9p Eastern
You can still get the recording of the call at the link below.
Your VIP Discount Code is: “PC916″
(Saves you $79 from the normal $99 tuition)
As part of our ongoing quest to examine the intersection of media and monetization, I met with Trey Shelton, Founder and CEO of Music Interactive, to discuss the company’s new service that allows viewers/listeners to trade their time and attention for free content.