EYL #268: $2 Billion Podcasting Industry: What You Need To Know - Money, Contracts, Ads, & Mistakes With Loon

In this riveting episode of "Earn Your Leisure," we're joined by the insightful Loon, who delves deep into the intricacies of the podcasting and business world. Here's a sneak peek at what we cover: 🎙️ **Beyond Ad Revenue**: Discover why relying solely on ad revenue isn't enough for a sustainable living in podcasting. 🚫 **Street Hustle vs. Real Wealth**: Loon breaks down the stark difference between hustling on the streets and legitimate wealth accumulation. 🔍 **Selling Opportunities**: Most people miss the mark on how to effectively sell opportunities. Learn the right approach here. 🔗 **Accessing the Source**: The challenges of booking influential people and the importance of going directly to the source. 📖 **Power of Storytelling**: Unravel why storytelling remains the most potent marketing tool. 📝 **Contract Savvy**: The critical need to always read and understand your contracts. 🏷️ **Strategic Job Titles**: Be intentional about the job titles you assign - it matters more than you think. 💸 **Decoding CPMs**: A look at how CPMs can be misleading and what to watch out for. 👁️ **The Art of Execution**: Why meticulous attention to execution is crucial. 🏝️ **Self-Reliance in Business**: Embracing the fact that in business, you're essentially on your own island. 🔄 **Law of Reciprocity**: Understanding and utilizing the law of reciprocity in your ventures. ⭐ **Fame's Double-Edged Sword**: How achieving fame can actually be crippling. 🎤 **Mastering Monologues**: Loon shares his experience with the challenges of doing monologues. 💰 **Surviving Without Money**: "If I didn’t have money, I wouldn’t have made it" - A stark revelation. 📈 **Bill Simons' Big Sell**: The story of how Bill Simons sold his company for a whopping $200 million. 🔝 **Podcast Rankings & Surprises**: Loon's take on Akademiks, Adin Ross, and the unpredictable world of podcast rankings. 🤝 **Corporate Challenges**: Why working with corporations can be a tough nut to crack. 🧮 **Complex Math in Deals**: The more complicated the math, the more likely you’re getting a bad deal. 📊 **CPMs Debunked**: Why basing your deals solely on CPMs isn’t wise. 🤲 **Patreon's Unique Approach**: How Patreon offers a different kind of relationship with your audience. 🎯 **Advertising for Black Podcasters**: An exploration into the level of advertising specifically for Black podcasters. 📑 **Simplifying Contracts**: The importance of keeping contracts simple and straightforward. 🔍 **Why Loon Chose Black Effect**: Loon shares his reasons for signing with Black Effect. 🎓 **Podcasting Lessons**: Insights into how Loon learned the ropes of the podcasting game. 🎵 **Freestyling Monologues**: A look into Loon's unique approach to freestyling his monologues. 🛣️ **Street Smarts in Business**: Translating street knowledge into business acumen. 📈 **Reality Check for Big Podcasters**: The surprising business acumen (or lack thereof) among big podcasters. 📝 **To Sign or Not to Sign**: Debating the pros and cons of signing deals in the podcast industry. 🛡️ **Minimum Guarantees Explained**: Why every podcaster needs to understand minimum guarantees. 🔍 **Seeking Transparency**: The need for more transparency in the podcast space. 🎤 **Rap vs. Podcast**: How the rap game has impacted the podcast industry. 🔄 **360 Deals in Podcasting**: Would you sign a 360 deal as a podcaster? Loon weighs in. Tune in for an unfiltered, behind-the-scenes look at the podcast industry through the eyes of Loon. You don't want to miss these invaluable insights! 🔔 Subscribe for more exclusive content and real talk on the business of podcasting. #EarnYourLeisure #Loon #PodcastingTips #BusinessInsights #RealTalk Our Sponsors: * Check out PNC Bank: https://www.pnc.com * Check out Square: https://square.com/go/eyl Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy See omnystudio.com/listener for privacy information.