How To Turn Your Passions Into Passive Income

Janet Beckers is the host of Wonderful Web Women and she interviews many wonderful and fascinating, successful Women. In one of her interviews, Janet spoke with Heidi Nabert about podcasting and Web 2.0 - which led Janet to coin the Loaves and Fishes concept!

Heidi's concept was based on Podcasting - the ability to broadcast an audio file to an audio directory. Possibly the most well know audio directory is iTunes. Your listeners are able to subscribe to your Podcast through these directories and download the recording and play it on your computer or iPod.

Here are some statistics:

45% of email doesn't get through

100% of podcasts get through

38% of people are auditory learners, so they like listening instead of reading

Which leads to 10 Ways To Make Money From Podcasts

1. Create an online presence. People get to know you, like you and trust you. Only then will they buy.

2. Establish expert status in your niche - people will place high value on what you sell.

3. Create a PowerPoint presentation to go with your audio. You can then post your audio to YouTube and drive heaps of traffic to your site.

4. Create an audio e-book from your podcast recordings.

5. Transcribe the audio to create ebooks, auto-responders and articles.

6. Advertisers and sponsors pay you to be placed in your podcast.

7. Credibility - people will then pay high prices for workshops you run.

7. Lead generation. The client is already pre-closed/sold. For example Heidi generates interested leads for her off-line business.

9. Early movers will win against web sites in the same niche.

10. Branded courses based on your podcasts.

All these ideas you can use and they don't even include paying to listen to your podcast!

As you can see, from 1 'small' product you can generate 10 great products!