Should I Charge My Guest to Appear on My Podcast?

With some bigger shows able to charge a gust to appear on their shows, today I'm going to share why I think this is a bad idea. 1. You need to disclose that the guest is paying you to appear turning your podcast into an infomercial. 2. At first this "extra cash" might get budgeted for a monthly expense and not stay "extra."  3. Then you count on this "extra" cash and then NEED to have guests who pay to appear. This means you will take any guest who is willing to pay. 4. This means the quality of episodes goes down, as your audience starts to tune out.  In the end, I just see this as a slippery slope that ends badly.  Check out my book Profit for Your Podcast to discover much better ways to earn income with your podcast. Apply For a Free Strategy Call If you need help starting, planning, launching, or growing your podcast join me for a free strategy call.Mentioned in this episode:Podcasting in Six Weeks - Free CourseWe are bringing back Podcasting in Six Weeks and this time we are running an experiment and that is IT's FREE. Meeting weekly and go step by step and launch your podcast (it's designed for someone who does have a podcast, but wants one). Go to www.schoolofpodcasting.com/sixweeksPodcasting in Six WeeksReady To Grow Your Podcast?Starting August 19th (So sign up now) a cohort class at the School of Podcasting will lead members through the process and steps of growing your audience. You will receive feedback, and action steps to take to make your show in downloads, reach, and influence. Use the coupon code listener to save when you sign upSchool of PodcastingThis podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy