2019 Prediction I see more and more people getting into podcasting who Want to spend zero money Spend very little time on creating content Make large amounts of money - quickly My prediction is 98% of the people who get into podcasting for the SOLE reason of making money fast will quit and say podcasting does not work. This episode is to educate you with knowledge so you can make an educated decision. Keep mind, you DO NOT have to make money with your podcast. Many, many, many podcasters do it for the love of the topic. Because of My Podcast: Emily Prokop Will Be on TV 1:50 Emily Prokop from The Story Behind Podcast and EPodcast Productions has had "Because of My Podcast" Stories in the past (as she got a book deal). Now because of her podcast (which brought her a book deal), she is going to be on Inside Edition. How cool is that? Congrats Emily Update on Rode Rodecaster Pro 4:10 Last week we had three people share their insights into the Rode Rodecaster Pro, and I had not tied the unit into Skype yet. I agree when you use the phone, it sounds like, the phone. I had Jonathan Bloom from Weekly Awesome and Miss Ileane Smith join me on Ask the Podcast Coach via the wired TRRS cable, using Skype and out sounded much better. Johnathan was on Skype in his phone and Ileane was using an ATR2100 and sounded awesome. The Potential Harm of Launching Your Podcast With a Patreon 7:28 While I realize that starting to promote a patreon account the minute you start podcasting may seem like a great idea, my worry is this is another criteria (like your download stats) to gauge your process. I'm not saying it's wrong, but I want you to go into this with your eyes wide open. How Do We Get Sucked In? There are people on patreon making thousands of dollars a month. In the same way, that ice skaters, musicians, comedians, and athletes make their craft look easy, so do these podcasters. You talk into a mic, ask people for money, and watch the cash roll in. Nothing could be further from the truth How Do You Feel About PBS Pledge Drives? Think about how you feel when watching a PBS pledge drive. You’re enjoying the smooth tones of James Taylor as you reminisce about the first time you heard this song on the radio. The memories make you feel warm and then BOOM! We need some money. If you don’t have a relationship with PBS, (and found this while channel surfing) I’m going to bet these interruptions are quite annoying. Without a relationship, pledge drives make you want to change the channel (at least for me it does). So does this mean that your pledge drives in the early days of your podcast is a bad idea? I guess it all depends on how entertaining and creative you are in asking for support. Things To Consider As a New Podcaster While launching with a Patreon campaign allows you to practice your pitch, and gets your audience used to hearing your pledge drive in episodes, there are a few things to consider: You may find yourself focusing more on your Patreon rewards instead of focusing on making great content that inspires your audience to tell a friend. You can practice your pledge drive pitch in the basement. You don’t have a relationship with these your audience and yet you're asking for a favor. Unless you organized a focus group, you may not be delivering value (and yet you are asking for value in return). Your Mom is not a focus group. If you are doing great you can expect 3% of your audience to join your campaign. If you have 100 listeners this means you MIGHT get 3. According to graphtreon.com in January of 2019: 704,041 creators received a total of $1,512,275. That's a little over $2 per patron. The lack of patrons can damage your attitude and make you want to quit your podcast. If your sole reason for starting your podcast was for quickly getting money, you should stop. The Pressure of Patreon 20:20 Jordan Harbinger gave up being a lawyer to do a podcast where he interviews people and talks about communications and social dynamics. On Friday