
PodBiz | Where's The Money In Podcasting?
Why Community & Crowdfunding Beats Quick Money with Myke Hurley of Designed in California & Relay FM
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PodBiz | Where's The Money In Podcasting?
Do not have it yet? Parasocial is a podcast player by Super Simple.
Can raising $300,000 on Kickstarter change the playbook for independent podcast monetization? In this episode of PodBiz, Norma Jean Belenky and John Kiernan speak with Myke Hurley, co-founder of Relay FM and co-host of Designed in California, about the realities of building a sustainable podcast business. Myke shares how an Apple 50th-anniversary special episode on Upgrade sparked a runaway Kickstarter campaign that raised over $311,000. As he puts it: "The key has always been with monetization for podcasting is to not set out to get it. I think people that are like, 'I want to make money, I will start a podcast,' they will very quickly realize that that's not a path." Here are some insightful moments within the episode: š§ Why chasing quick money in podcasting fails š§ How Designed in California turned an episode idea into a $300K+ Kickstarter success š§ The importance of delivering a finished product or proof-of-concept during crowdfunding š§ Why labor, licensing, and production quality separate good work from great work š§ Navigating the current video podcast trend with a healthy dose of skepticism š§ The personal sacrifices required to build an independent podcast n