How To Set Realistic ROI Expectations For Content: Benchmarks, Timelines & Podcast ROI

How To Set Realistic ROI Expectations For Content: Benchmarks, Timelines & Podcast ROI

Measure Podcast Revenue: A Practical Guide To Attribution, Metrics, And Monetization

Measure Podcast Revenue: A Practical Guide To Attribution, Metrics, And Monetization

Measure Podcast Revenue: A Practical Guide To Attribution, Metrics, And Monetization

Measuring podcast revenue requires tracking both direct dollars and the business outcomes episodes create. This guide explains the metrics, attribution methods, and reporting stack—downloads, attention, CPM/RPM, CRM tagging, and dashboards—to translate listens into dollars. It also covers monetization models and when to hire a full-service B2B podcast partner starting today.

Written by

Aqil Jannaty

Posted on

Feb 18, 2026

Download Our $1,000,000 B2B Podcast Case-study Video Breakdown

How one of our clients generated over $1M in opportunities in less than 30 days - before releasing a single episode!

Download Our $1,000,000 B2B Podcast Case-study Video Breakdown

How one of our clients generated over $1M in opportunities in less than 30 days - before releasing a single episode!

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Overview

Measuring podcast revenue requires tracking both direct dollars and the business outcomes episodes create. This guide explains the metrics, attribution methods, and reporting stack—downloads, attention, CPM/RPM, CRM tagging, and dashboards—to translate listens into dollars. It also covers monetization models and when to hire a full-service B2B podcast partner starting today.

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How Do You Measure Podcast Revenue?

Measuring podcast revenue means tracking both direct income and the business outcomes those episodes create. Direct income comes from ads, subscriptions, and sales. Indirect income shows up as pipeline, partnerships, and customer value that started with an episode. Treat every episode as a content engine, then map its outputs to dollars.

Start with two parallel systems. First, collect raw financials, advertiser invoices, subscription receipts, and sales from merch or events. Second, connect listener behavior to business outcomes, using promo codes, UTM links, CRM activity, and multi-touch attribution. Combine those streams to report true podcast revenue, not just downloads.

If you don’t want to build this infrastructure yourself, consider a done-for-you partner. Teams like ThePod.fm act as end-to-end podcast partners, setting up production, distribution, and analytics, and helping brands turn conversations into clients. See a vetted B2B podcast agency list if you need a partner.

What Metrics Should I Track For Revenue?

Track metrics that explain reach, engagement, and conversion.

  • Reach: total downloads, unique listeners, geographic and firmographic breakdowns.

  • Attention: average listen duration, completion rate, drop-off points.

  • Ad inventory: impressions, ad fill rate, delivered ad impressions.

  • Creative response: click-through rate on landing pages, promo code redemptions, conversion rate.

  • Revenue signals: total ad revenue, sponsorship revenue, subscription income, merch/event/course sales.

  • Lead metrics: email captures, demo requests, MQLs, pipeline value attributed to episodes.

  • Efficiency: RPM, CPM, CAC for podcast-sourced customers, LTV of podcast-acquired accounts.

Each metric has a role. Downloads show potential, listen duration shows ad exposure quality, conversions show business impact.

How Do Metrics Map To Business Goals?

Match one metric to one business goal.

  • Brand awareness: downloads + unique listeners. Aim for upward volume with consistent reach.

  • Demand generation: CTA-driven conversions, landing page conversion rate, demo bookings. These feed pipeline.

  • Revenue generation: ad and sponsorship revenue, subscriptions, direct sales from episodes.

  • Partnership and account expansion: guest introductions, warm intros, meetings set from episodes.

  • Product adoption: engagement with episodes that explain features, followed by feature adoption rates.

Operationally, translate episode activity into CRM events. Tag leads with episode source, track time to close, and assign a dollar value to podcast-influenced deals. The real ROI is pipeline and partnerships, not downloads alone.

Which KPI Should I Prioritize First?

Pick one north star based on stage and strategy.

  • New show: prioritize reach and attention, downloads and average listen duration.

  • Growth show focused on demand gen: prioritize conversions and demo bookings per episode.

  • Monetizing show: prioritize RPM and ad sell-through, ad revenue per 1,000 downloads.

  • Premium content or membership: prioritize subscriber conversion rate and retention.

  • Sponsor-driven show: prioritize audience match and CPM you can command, plus fill rate.

Rule of thumb, optimize a single KPI per quarter, then cascade supporting metrics. For example, if conversions are the north star, optimize completion rate and creative CTAs first, then scale reach.

What Counts As Podcast Revenue?

Podcast revenue is both direct dollars you invoice and indirect value that becomes closed business.

Direct revenue streams:

  • Advertising and sponsorship fees.

  • Subscriptions and premium content.

  • Listener donations and crowdfunding.

  • Merchandise, ticketed events, courses, and licensing.

Indirect revenue streams:

  • Leads and pipeline created by episodes.

  • Warm intros and partnership deals that originated on the show.

  • Account expansion and upsells tied to content engagement.

Count both types. Directs pay the bills, indirects scale the business. Measure and report them separately, then show combined contribution to company revenue.

How Do Advertising And Sponsorships Generate Income?

Ads and sponsorships are sold in three main ways.

  • CPM buys, where advertisers pay per 1,000 listens. Common for programmatic and host-sold impressions.

  • Flat-fee or campaign buys, where sponsors pay a lump sum for placement, series sponsorship, or host-read integration.

  • Performance or affiliate deals, where payment is tied to conversions from a promo code or link.

Host-read, tailored ads usually command higher CPMs than pre-produced spots because they convert better. Use unique promo codes and vanity URLs to track performance, and require post-campaign reporting. Dynamic ad insertion helps monetize back catalogs, but direct-sold host reads often drive higher immediate revenue and better sponsor satisfaction.

How Do Subscriptions And Premium Content Work?

Subscriptions offer recurring, predictable revenue.

Models include:

  • Episode gating: bonus or earlier episodes behind a paywall.

  • Ad-free feed for paid subscribers.

  • Membership communities with perks, exclusive Q and A sessions, or bonus mini-series.

Platform economics matter. Apple and Spotify take cuts, Patreon and membership platforms charge fees. Pricing, churn, and retention determine LTV. Use free episodes as teasers and a simple conversion path: listen, CTA, landing page, checkout. Bundling podcast access with other paid offerings, like training or consultancy, increases revenue per customer.

How Do Listener Support And Crowdfunding Contribute?

Listener support is reliable at scale, unpredictable per episode.

  • Recurring support: Patreon, BuyMeACoffee, or platform memberships.

  • One-time crowdfunding: Kickstarter or Indiegogo to finance a season or upgrade equipment.

  • Perks and tiers: access, recognition, early content, or merch.

Expect small average donation amounts, but high engagement. Use targeted asks and explain the business purpose. Track number of supporters, average donation, and churn to forecast revenue.

How Do Merchandise, Events, Courses, And Licensing Add Revenue?

These transform listeners into buyers.

  • Merchandise provides brand visibility and margin. Product-market fit determines success.

  • Live or virtual events monetize ticket sales and sponsorships, often with higher ARPU.

  • Courses and workshops package episodic content into higher-priced education products.

  • Licensing and syndication sell content for use in training or other media.

Economics matter. Subtract production, fulfillment, and hosting costs from gross sales to get net contribution. A B2B show can convert thought leadership into paid training or enterprise licensing, moving audio from marketing asset to revenue generator.

If you need help packaging episodes into courses, events, or sponsor-ready assets, a B2B podcasting agency can handle production and strategy end to end.

How Do You Calculate CPM, RPM, And eCPM?

These three metrics turn impressions and revenue into comparable rates.

  • CPM, cost per mille, is the advertiser cost per 1,000 impressions.

  • RPM, revenue per mille, is the publisher revenue per 1,000 downloads, across all revenue sources.

  • eCPM, effective CPM, shows the real value of inventory based on revenue earned and impressions actually served.

Each gives a slice of value: CPM from the buyer perspective, RPM from the publisher perspective, and eCPM as a reconciliation between them.

How Do I Calculate CPM With An Example?

CPM formula for an advertiser:

CPM = (Ad cost / Impressions) x 1000

Example:

  • Advertiser pays $25 CPM.

  • Episode delivers 20,000 downloads.

Calculate paid units: 20,000 / 1000 = 20.
Revenue = 20 x $25 = $500.

Advertisers use CPM to compare channels. As a publisher, report impressions and the CPM you achieved for transparency.

How Do I Calculate RPM And Interpret It?

RPM shows total revenue per 1,000 downloads for the publisher.

RPM = (Total revenue / Total downloads) x 1000

Example:

  • Total revenue from ads, sponsorships, and subscriptions = $1,200.

  • Downloads in the period = 60,000.

RPM = (1200 / 60,000) x 1000 = $20.

RPM helps benchmark monetization efficiency across shows, formats, or time. Use RPM to set targets: if RPM is $20 today, what mix of ad pricing, fill rate, and subscriptions raises it to $30.

What Is eCPM And How Does Fill Rate Affect It?

eCPM measures revenue per 1,000 impressions actually served.

eCPM = (Total ad revenue / Impressions served) x 1000

Fill rate is the share of available ad slots that are actually filled. Low fill rate reduces total ad revenue even if CPMs look strong, and it drags eCPM when you compare revenue to total potential inventory.

Example:

  • Total downloads = 10,000.

  • Advertiser CPM = $20.

  • If 100% filled, impressions served = 10,000, ad revenue = (10,000/1000) x 20 = $200, eCPM = $20.

  • If fill rate is 80%, impressions served = 8,000, ad revenue = (8,000/1000) x 20 = $160, eCPM across served impressions = (160 / 8,000) x 1000 = $20, but eCPM across total potential inventory = (160 / 10,000) x 1000 = $16.

Report both served eCPM and potential eCPM. The first shows ad buyer efficiency, while the second shows lost opportunity due to unsold inventory.

How Do Ad Slots Per Episode Change Revenue?

More ad slots multiply inventory, but they also change listener experience and ad value.

Revenue math:
Revenue = CPM x (downloads / 1000) x ad slots x fill rate

Example:

  • Downloads = 50,000.

  • CPM = $25.

  • Ad slots = 2.

  • Fill rate = 90 percent.

Downloads per thousand = 50.
Revenue per slot = 50 x $25 = $1,250.
Two slots = $2,500.
Apply fill rate: $2,500 x 0.9 = $2,250.

More slots increase gross revenue, but too many dilute attention, lower completion rates, and reduce conversion rates. Many shows find a sweet spot, two to three host-read slots for a 30 to 45-minute episode, where ad value stays high. Test the trade-off: increase inventory, measure RPM and listener behavior, then optimize.

If you want help balancing ad load, creative, and audience growth while building pipeline, working with a full-service B2B podcast agency can speed the learning curve and protect your brand.

How Do You Measure Downloads And Listens?

Downloads and listens are foundation metrics, but they’re noisy. Treat them as raw inventory that needs context, not final proof of business value. Measure three things: how many potential exposures you created, how many of those exposures actually resulted in attention, and how many exposures were monetizable.

How Do Host Platforms Count Downloads And Streams?

Host platforms use different signals depending on delivery method.

  • RSS downloads, the traditional metric, record an HTTP request for the audio file. That can include full downloads, progressive downloads, and cached pulls from CDNs.

  • In-app streams register play events, often with thresholds, for example a play counted after 5 or 30 seconds depending on the provider. Apple and Spotify each have their own rules, and third-party hosts add another layer of smoothing.

  • Dynamic ad insertion reporting counts ad impressions separately from episode downloads. Those impressions depend on whether the ad was served at play time or stitched ahead of time.

  • Delays and deduplication matter. Some hosts report in near real time, others batch process. Caching at CDNs can make multiple devices look like one source, and some apps prefetch episodes, inflating early download counts.

Action: always ask your host for their counting rules, and export raw logs when you need forensic accuracy.

Which Download Metric Predicts Revenue Best?

Raw downloads are the blunt instrument. The predictive metrics are about attention and exposure.

  • Average consumption or time-listened correlates closely with ad exposure and CTA effectiveness. An impression where a listener drops at 10 seconds isn’t worth the same as a 70 percent completion.

  • Completion rate for episodes with host-read ads is a strong predictor of conversion. Host reads need time to land.

  • Engaged listeners, defined as unique listeners who return or who consume more than 50 percent of an episode, are better predictors of pipeline influence than single-episode one-offs.

  • Use a quality-adjusted impression: downloads multiplied by completion rate and ad-slot exposure percentage. That composite maps much closer to ad revenue and conversion rates than raw downloads.

In short, monetize attention, not just reach.

How Do I Clean Data For Bots, Duplicates, And Clients?

Data hygiene is non-negotiable. Dirty data misleads sponsors and inflates internal KPIs.

Steps to clean podcast metrics:

  1. Export raw server logs and host analytics. Work from logs, not dashboards alone.

  2. Filter known bot user agents and automated scrapers. Keep an updatable list, because bot fingerprints change.

  3. Deduplicate by IP and device within a sensible time window, for example treat multiple downloads from the same IP and user agent within 60 seconds as one.

  4. Exclude internal and partner downloads. Maintain a whitelist of corporate IPs, dev environments, and QA accounts, or tag them at ingestion.

  5. Apply play-duration thresholds to separate true listens from prefetches and accidental starts. A 30-second rule is a common minimum for counting a meaningful listen.

  6. Flag erratic patterns, such as thousands of rapid downloads from a single source, and investigate before you report.

If you lack the engineering bandwidth, a b2b podcast agency can set up repeatable data hygiene pipelines and attribution tagging for you.

How Do You Attribute Revenue To Episodes And Ads?

Attribution in B2B podcasting is messy because listeners don’t always click, decision cycles are long, and influence is often indirect. Use multiple signals, and treat attribution as a probabilistic model not a binary fact.

Can Promo Codes And Vanity URLs Prove Attribution?

Yes, when deployed properly they’re the highest-fidelity proof you’ll get.

  • Promo codes tie purchases directly to an episode or host read, ideal for performance or affiliate deals. Single-use codes are excellent for high-value conversions.

  • Vanity URLs are low-friction for listeners, and when combined with redirects that capture UTM parameters, they feed clean analytics into your stack.

  • Limitations: codes can be shared beyond the intended audience, and vanity URLs require a click to register. Use them as primary signals, not the sole source of truth.

For sponsor reporting, include redemption counts and conversion revenue alongside impression metrics.

How Do UTM Parameters And Landing Pages Help?

UTMs and bespoke landing pages turn listening intent into measurable web behavior.

  • Create a short, memorable landing page per campaign or episode. Keep the CTA crystal clear.

  • Use consistent UTM naming conventions, then capture those UTMs in your CRM on form submits, using hidden fields. That gives you a persistent trail from episode to lead.

  • Server-side redirects preserve UTMs when listeners type a vanity URL. Client-side redirects often strip parameters, costing you attribution.

Design landing pages to be trackable and persuasive, because conversion rate multiplies the value of every impression.

Can Tracking Pixels And Post Click Attribution Be Used?

Yes, with caveats.

  • Pixels on landing pages allow retargeting and conversion tracking in ad platforms. They’re invaluable for follow-up campaigns and measuring last-click conversions.

  • They don’t prove a listen. A click is a behavioral signal, not proof of episode influence. Many podcast conversions are view-through, where listeners act days or weeks after exposure.

  • For privacy and accuracy, prefer server-side event recording and first-party cookies where possible. That reduces attribution loss from ad blockers and modern privacy controls.

Combine pixels with campaign tagging and CRM events to close the loop.

How Do I Handle Long Conversion Windows And Multi Touch?

B2B buying cycles are long. Attribution needs to reflect that.

  • Capture every touch point in your CRM, including episode listens, downloads, webinar attendance, and ad clicks. Treat episode listens as campaign touches in the account timeline.

  • Use multi-touch models. Time-decay gives more credit to recent touches, first-touch recognizes awareness, and linear distributes credit evenly. Choose the model that matches your strategy, and be transparent with stakeholders.

  • Employ account-based attribution. Map listener identities to accounts via firmographic data, logged-ins, or form submissions, then measure account engagement depth over time.

  • Use weighted attribution to convert influence into revenue estimates, for example assign fractional credit for episodes that preceded a pipeline opportunity, then reconcile with closed-won data.

Operationally, automate touch capture with CRM workflows. If you don’t have that capability, a b2b podcasting agency can implement tagging and attribution flows that feed your sales motions.

How Do You Track Ad Performance And ROI?

Measuring ad performance means setting the right goals, combining short-term metrics with long-term business outcomes, and comparing channels on comparable units of value.

What Conversion Goals And CPA Should I Set?

Set goals by outcome, not by vanity metrics.

  • Define conversion tiers: micro conversions such as landing page views and email captures, macro conversions such as demo requests, signed contracts, or training purchases.

  • Calculate a target CPA from your LTV and target CAC. Back into what a podcast-acquired customer is worth, then set CPA bands that keep acquisition economics healthy.

  • Expect higher CPAs for top-of-funnel brand placements, and lower CPAs for aggressive direct response placements. Use episode-level experiments to quantify the delta.

Example approach: determine acceptable CAC for the channel, then translate that into allowed CPA for demo bookings or trials. Track to that target, not to downloads.

How Do I Measure Brand Lift And Awareness?

Brand lift is qualitative but measurable.

  • Run exposure versus control studies. Survey listeners and a matched unexposed cohort, then measure recall, favorability, and intent. Panel vendors or LinkedIn and Google lift tools can do this at scale.

  • Track secondary indicators: organic search growth for branded terms, direct traffic spikes after episodes, increased inbound mentions on social and PR pickups.

  • Monitor share of voice with listening and social listening tools, and correlate lift to downstream pipeline increases.

Lightweight option: embed short surveys on episode landing pages and onboard members, then stitch responses back to audience segments to measure sentiment change over time.

How Do I Compare Direct Response Versus Brand Campaigns?

They’re different animals, and you should compare them on outcomes, not metrics.

  • Direct response is judged by immediate actions, CPA, conversion rate, and short-term pipeline contribution. Use tracking links, dedicated landing pages, and tight attribution windows.

  • Brand campaigns are judged by reach, attention, lift, and long-term pipeline influence. Use lift studies, account engagement metrics, and multi-touch attribution to measure impact.

  • For apples-to-apples comparison, convert both into business-relevant KPIs: cost per qualified account engaged, pipeline influenced per dollar, or contribution to win rate. Run controlled experiments, for example run a brand episode versus a direct response episode to a matched audience, then compare their 90-day pipeline outcomes.

A blended strategy often works best. Use brand plays to widen the top of funnel, and DR plays to harvest intent. If you need help designing that blend and turning episodes into measurable pipeline, consider partnering with a full-service b2b podcast agency that handles production, distribution, and analytics.

How Do You Build A Podcast Revenue Dashboard?

A revenue dashboard is the single source of truth that turns downloads and invoices into business decisions. Build it to answer three questions at a glance: how much did we earn, where did it come from, and which episodes moved the needle.

Which Core Metrics Should Appear On A Dashboard?

Show grouped metrics that map directly to revenue and pipeline.

  • Financials, by source, with time series: ad revenue, sponsorships, subscriptions, merch, events. Net and gross, with invoice status.

  • Inventory and quality: downloads, unique listeners, average listen duration, completion rate, ad slot fill rate. These convert inventory into exposed impressions.

  • Conversion and funnel: landing page visits, promo code redemptions, demo requests, MQLs, pipeline influenced. Tie episodes to CRM events.

  • Efficiency: RPM and eCPM, revenue per episode, revenue per unique listener, CAC for podcast-sourced deals.

  • Health and trend signals: 7/30/90-day growth rates, churn for subscribers, ad sell-through trends.

  • Attribution confidence: a simple flag per revenue row that notes how attribution was established, for example direct redemption, CRM tag, or modeled credit.

Visuals that work: time-series for trends, waterfall for revenue composition, episode leaderboard, and a table that drills from episode to associated leads and deal value. Keep one version for execs, one for operations with raw logs and filters.

Which Tools And Integrations Should I Use?

Pick tools by data type, not brand. You need sources, an ETL layer, a warehouse, and a visualization layer.

  • Data sources: podcast host API or raw logs, ad server dashboards (dynamic ad platforms or direct-sell reports), payment processor (Stripe, Recurly), CRM (HubSpot, Salesforce), web analytics (GA4), ecommerce or LMS for merch/courses, accounting export.

  • ETL and connectors: Supermetrics or Fivetran for hosted APIs, or Airbyte if you prefer open-source. Use dbt for transformations and consistent episode and campaign dimensions.

  • Warehouse: BigQuery, Snowflake, or Redshift so you can join downloads, ad impressions, and CRM events.

  • BI: Looker Studio (for quick executive views), Tableau or Looker for deeper analysis, Mode for SQL-first teams. Schedule snapshots for monthly reporting, live views for ops.

  • Orchestration and alerts: Airflow or simpler workhorses like Zapier/Make for small teams, with Slack or email notifications.

  • Light ops and docs: Notion or Airtable for campaign metadata, creative copy, and promo codes.

Design the schema around an episode dimension, listener/account dimension, event tables (plays, ad impressions, clicks), and revenue transactions. If you want to skip the wiring, consult a b2b podcast agency to implement the stack, or see vetted options from a b2b podcast agency.

How Do I Show Revenue Per Episode And Per Listener?

Follow a two-step attribution then normalize.

  1. Attribute revenue

  • Direct revenue, episode-level: assign sponsorship and promo-code revenue to the episode tied to the code or campaign.

  • Indirect revenue: assign fractional credit using a multi-touch model, or a weighted model that gives more credit to the episode closest to conversion. Keep the method explicit for stakeholders.

  1. Calculate normalized metrics

  • Revenue per episode = total attributed revenue for that episode. Use a time window consistent with your sales cycle, for example 90 or 180 days after publish.

  • Revenue per listener = total attributed revenue / unique listeners for the episode’s audience during the attribution window.

  • Revenue per 1,000 quality impressions = (attributed revenue / quality-adjusted impressions) x 1000, where quality-adjusted impressions = downloads x completion rate x ad-slot exposure.

Example: if an episode is credited with $6,000 and had 12,000 unique listeners, revenue per listener = $0.50, RPM (quality-adjusted) = compute as above. Show both raw and quality-adjusted numbers so sponsors see volume and advertisers see attention.

How Do I Automate Reports And Alerts?

Automation stops surprises and frees time for strategy.

  • Schedule refreshes and exports, not manual pulls. Use BI schedules or API-driven exports into a shared folder or Slack channel every morning.

  • Build key alerts: RPM or fill rate drops more than 20 percent, a 30 percent fall in completion rate, or sudden revenue invoice failures. Route alerts to Slack for ops, email for finance.

  • Automate basic integrity tests with dbt: row counts, null checks, or weekly comparisons to flag data drift.

  • Create templated summaries: an automated weekly ops brief, a monthly revenue pack with topline, and a campaign closeout that includes redemption and CRM outcomes.

  • For anomaly detection, start simple. Rule-based checks catch most problems. Add statistical or ML detection later for noisy signals.

Document alert owners and runbooks. If you need a hands-off implementation, an agency partner can deliver dashboards, alerting, and report automation as a managed service.

How Do You Forecast Podcast Revenue?

Forecasting turns episodic performance into predictable expectations. Forecasts should be simple, transparent, and easy to update as actuals arrive.

How Do I Use Historical RPM And Growth Rates?

Historical RPM is your baseline, but treat it like a living number.

  • Smooth RPM with a rolling average, three- or six-month, to mute one-off spikes from big sponsors. Remove outliers before calculating baseline.

  • Project downloads using historical growth rates by cohort: past episodes, new episodes, and catalog plays behave differently. Apply separate growth curves.

  • Forecast revenue with the formula, expected revenue = forecasted downloads x forecasted RPM. Then layer in fill rate and ad slot changes.

  • For indirect revenue, convert historical listener-to-lead and lead-to-revenue rates into per-listener value, then multiply by forecasted unique listeners. Use conservative decay for long sales cycles.

Keep inputs visible: if your RPM baseline is $20, and you plan to improve creative to lift completion by 10 percent, show the RPM uplift explicitly so forecasts are actionable.

How Do I Create Best Case And Worst Case Scenarios?

Model scenarios to stress-test assumptions, not to guess the future.

  • Define three scenarios: base (most likely), upside (optimistic), downside (conservative). For each, set values for downloads growth, RPM change, fill rate, conversion rate, and average deal size.

  • Vary one lever at a time to see sensitivity, then combine levers for holistic scenarios. Use a tornado chart or a simple sensitivity table to show which input moves the forecast most.

  • Example levers: ad sales effectiveness (fill rate), CPM negotiation (CPM change), creative improvements (completion rate), and product promotions that increase conversions.

  • Translate scenario outcomes into operational triggers, for example if downside hits, pause a low-performing ad slot or re-price sponsorships.

Make scenarios auditable, with dated assumptions and a short rationale so stakeholders can trace why projections changed.

How Do Seasonality And New Shows Affect Projections?

Seasonality and launches are predictable risks, so model them directly.

  • Seasonality: map historical month-over-month patterns and embed those multipliers into forecasts. Conference seasons, holidays, and fiscal year-ends typically move B2B listening and buying behavior.

  • New shows: model cannibalization and uplift. New shows often dilute RPM early because inventory increases faster than demand. Create a launch ramp: conservative assumption is 3 to 6 months to reach steady audience engagement, sometimes longer in niche B2B verticals.

  • Back-catalog monetization: include a lagged revenue stream from older episodes as you add dynamic ad insertion or sell series sponsorships.

  • Combine adjustments: apply seasonal multipliers to both downloads and conversion rates, because buyer activity can rise (downloads) and fall (conversion) simultaneously.

Keep a rolling 90-day forecast that you update weekly. That cadence captures both seasonal pulses and the real effects of new shows before they distort annual plans.

How Much Audience Do You Need For Sponsors?

Sponsors buy two things, attention and intent. Raw downloads matter, but buyer fit and engagement win deals.

What Download Thresholds Attract Sponsors?

Thresholds vary by sponsor sophistication and niche, use them as guidelines, not absolutes.

  • Niche B2B sponsors often buy at lower volume, 3,000 to 5,000 downloads per episode, if the audience is tightly targeted to their buyer profile.

  • Mid-market sponsors generally look for 10,000 to 20,000 downloads per episode to justify standard campaign spends.

  • Large national or enterprise sponsors typically require 50,000 or more downloads, or strong account-level matches, before committing multi-episode deals.

Remember, a show with 5,000 listeners that are 40 percent enterprise buyers can be worth more than a 30,000-download show that’s mostly general interest. Always qualify buyers with audience demo before pitching CPMs.

What CPM Ranges Should I Expect By Niche?

CPMs depend on format, buying method, and audience value. Host-read creative commands a premium.

  • Programmatic or pre-produced spots, general B2B: $8 to $25 CPM.

  • Host-read B2B spots, niche but high-intent verticals: $25 to $75 CPM.

  • High-value verticals with technical buyers, such as developer tools or fintech, can land $40 to $90 CPM for targeted host-read placements.

  • Flat-fee or integrated series deals vary widely, priced more by outcomes and exclusivity than simple CPM math.

Spell out what CPMs include, for example demographic targeting, exclusivity, and guaranteed impressions. Sponsors will pay up for verified attention and audience match.

How Do Audience Demographics Affect Sponsor Value?

Demographics turn impressions into purchasing power.

  • Firmographics: percent of listeners at target company sizes, industries, and revenue bands is top-line. Sponsors selling enterprise solutions care about company size and revenue, not raw downloads.

  • Roles and seniority: percentage of listeners who are managers, directors, VPs, or C-suite dramatically raises value, because purchase authority is concentrated.

  • Buying intent signals: job-related search behavior, event attendance, or product trials tied to listeners are gold for sponsors.

  • Geography and language: regional B2B buying patterns matter. US enterprise audiences often command higher CPMs than broad international audiences.

  • Engagement: completion rate, repeat listen frequency, and time-to-action after an episode correlate to conversion and justify higher prices.

Collect demographics via listener surveys, CRM matching, and account-based mapping. Agencies and partners can run survey campaigns and map listeners to accounts for sponsor-ready audience briefs. A clear audience brief with firmographic and engagement metrics sells better than raw download numbers every time.

If you want a plug-and-play approach, a full-service partner can set up the stack, model revenue, and create sponsor-ready audience briefs so you can focus on the podcast’s strategic work rather than the plumbing.

How Do You Negotiate Sponsorships And Report Results?

Negotiation is about packaging measurable value, not haggling over CPMs. Start by turning audience data into a sponsor-ready brief that maps impressions and attention to business outcomes. That changes the conversation from cost per thousand to cost per qualified lead, pipeline influenced, or demo booked.

Which Pricing Models And Payment Terms Should I Use?

Offer a few clear pricing options so buyers can pick what matches their goals.

  • CPM deals for reach and awareness, with explicit quality-adjusted impressions defined by completion rate and ad-slot exposure.

  • Flat-fee or series packages for integrated sponsorships, priced by exclusivity, episode count, and deliverables.

  • Performance or CPA add-ons for direct-response sponsors, with bonuses for agreed conversion targets.

  • Hybrid deals that mix a base flat fee plus performance bonuses, useful for long sales cycles.

Payment terms to include up front: a nonrefundable deposit on booking, net 30 or net 45 for balance, invoice milestones tied to campaign delivery, and a clause for disputed amounts. Insist on a delivery reporting window, for example 30 days after campaign end, and a reconciliation clause if third-party verification differs from initial reports. If you want a hands-off vendor to handle negotiating terms and contracts, a b2b podcast agency can structure and execute sponsor deals.

What Deliverables And Reporting Do Sponsors Expect?

Sponsors want both proof of delivery and proof of effect. Give them both.

  • Pre-campaign: an audience brief, episode timelines, and the exact ad placement timestamps.

  • Creative assets: final ad audio, approved host-read script or bullets, and episode transcript for compliance.

  • Delivery reporting: impressions served per slot, completion rates, ad-level eCPM, fill rate, and timestamps tied to platform logs.

  • Outcome reporting: clicks to vanity URLs, promo-code redemptions, landing page conversion rate, and CRM-sourced leads attributed to the campaign.

  • Post-campaign package: a one- to two-page executive summary plus a detailed appendix with raw logs or CSVs, attribution methodology, and screenshots of analytics.

Agree on formats and cadence before launch, and include an attestation of accuracy or a named third-party verifier if the sponsor requests it.

How Do I Handle Makegoods, Refunds, And Disputes?

Put the rules in the SOW so you avoid ad-hoc disagreements.

  • Makegood policy: define measurement windows, acceptable variance (for example 90 percent of guaranteed impressions), and remediation options, such as additional placement, extended campaign run, or proportional credit.

  • Refund policy: reserve refunds for proven measurement failure after remediation, cap refunds to the invoiced amount, and require written dispute within a fixed window, typically 30 days after the report.

  • Evidence and escalation: require both parties to present raw logs, UTM hits, and landing page records, then escalate unresolved items to a pre-agreed mediator or third-party verifier like Chartable or Podtrac.

  • Preventive steps: timestamp ad copy approvals, preserve master files, record host-read airtime, and maintain a shared dashboard so sponsors see delivery in near real time.

Clear definitions and timelines turn disputes into operational items, not relationship risks. If you prefer to outsource dispute handling, an experienced b2b podcasting agency can act as the intermediary and preserve sponsor relationships.

How Can You Optimize Podcast Revenue Over Time?

Optimization is a loop: test, measure, iterate, scale. Treat each episode as a micro-experiment in creative, placement, and packaging, then translate learnings into price, inventory, and product changes.

How Do I A B Test Ad Creative And Placement?

Design tests that answer one question at a time.

  • Pick the KPI up front, for example promo-code redemptions, landing page conversion rate, or demo bookings per 1,000 listeners.

  • Use a control baseline, then swap a single variable: host-read versus produced spot, 15 seconds versus 45 seconds, or pre-roll versus mid-roll.

  • Randomize or rotate experiments across comparable episodes to avoid topic bias, and run tests long enough to hit minimum sample sizes for confidence. Track both short-term actions and downstream conversions using UTMs and CRM tags.

  • Measure attention metrics too, average listen duration and completion rates, since a creative that wins clicks but kills completion can destroy long-term RPM.

  • Log lessons in a living playbook, then bake winning scripts and placements into your sponsor rate card.

Tools that help: use dynamic ad insertion for controlled swaps, record tests in Notion or Airtable, and capture conversions in your CRM for multi-touch analysis.

How Do I Increase Fill Rate And Inventory Yield?

Fill rate is solved at the intersection of sales strategy and yield management.

  • Sell direct first for premium CPMs, prioritize renewals and multi-episode packages, then layer in private marketplace deals to capture targeted demand.

  • Use dynamic ad insertion to monetize back catalog and unsold slots programmatically, with price floors to protect RPM.

  • Bundle inventory: offer series sponsorships, themed episode clusters, and bundled email/social amplification to increase perceived value.

  • Implement yield tactics from publishing: seasonal price increases, dayparting premiums, and remnant recycling where unsold guaranteed inventory is returned to programmatic demand.

  • Improve yield with better audience signals, for example audience firmographics or account matches that support higher CPMs.

Measure sell-through by episode and by slot, then adjust floor prices and packaging until yield and experience balance.

How Do I Upsell Premium Offers And Partnerships?

Upsells convert one-off buys into long-term revenue.

  • Create tiered offers: basic spot buys, content integrations with measured outcomes, and premium custom series that include lead delivery, creative co-production, and executive roundtables.

  • Package outcomes, not just placements. Offer a lead list, a post-campaign webinar, or a case-study asset as a premium add-on. Sponsors will pay for pipeline, not just reach.

  • Use scarcity and exclusivity to justify premiums, for example category exclusivity, host access, or first rights to renew.

  • Demonstrate ROI with case studies and cohort LTVs, then translate that into a performance premium or retainer model.

  • Nail the handoff: integrate sponsorships into your operations so delivery, creative, and analytics are seamless. This is where done-for-you partners shine; a b2b podcast agency can package premium offers, manage production, and deliver the outcomes sponsors expect. If you want vetted partners, search for a b2b podcast agency to compare options.

Which Tools Help Measure Podcast Revenue?

The right tools reduce work, raise confidence, and create defensible reports. Choose by function: hosting, attribution, marketplaces, and web analytics.

Which Host Platform Analytics Matter Most?

Host platforms are the canonical source for inventory and basic audience metrics.

  • Must-have metrics: raw download counts by publish date, unique listeners, geographic and client-level breakdowns, completion and listen duration, and dynamic ad impressions served per slot.

  • Access to raw server logs and APIs matters more than a prettier dashboard. Logs let you reconcile impressions and prove delivery.

  • Look for hosts that support DAI reporting and provide ad impression CSVs, because that data feeds reconciliation with sponsor invoices.

  • Examples: platforms such as Megaphone, Libsyn, and Transistor differ in the granularity they expose, so pick one that matches your reporting needs. If you need help deciding or integrating host data into a revenue pipeline, a b2b podcasting agency can advise on vendor selection and ingestion.

Which Attribution Tools Should I Consider?

Attribution needs both audio-aware tools and CRM-first models.

  • Podcast attribution platforms like Chartable and Podsights track ad impressions, clicks, and conversions from unique links and help validate campaign delivery. They’re useful for sponsor reconciliation and cross-platform campaign comparison.

  • CRM-based attribution, in HubSpot or Salesforce, captures account-level touch sequences and multi-touch credit, essential for B2B pipeline measurement. Use server-side UTM capture and hidden form fields to persist episode source into the contact record.

  • Combine both: use podcast attribution tools to validate impressions and clicks, then push conversion events into the CRM for revenue attribution and LTV calculation. Keep an auditable mapping for multi-touch windows and lookback periods.

Which Marketplaces And Monetization Platforms Help?

Marketplaces speed buyer discovery, programmatic platforms fill remnant inventory, and ad servers manage delivery.

  • Marketplaces like Podcorn and AdvertiseCast help you find sponsors quickly, useful for one-off or mid-ticket campaigns. They reduce sales friction but often yield lower CPMs than direct deals.

  • Programmatic networks and DAI providers let you monetize unsold inventory and the back catalog. Use price floors and blacklists for brand safety.

  • Ad servers, including Megaphone or proprietary DAI solutions, provide the impression-level reporting sponsors request. They also enable frequency caps and audience targeting that boost price realization.

  • For B2B shows, complement marketplaces with direct outreach or an agency partner that brings enterprise relationships. If you want curated vendor help, a b2b podcast agency can manage marketplace strategy and direct sales simultaneously.

How Do I Track Landing Page And Promo Performance?

Landing pages are the conversion instrument, your measurement conduit.

  • Use short, memorable vanity URLs that redirect with server-side preservation of UTMs, so you don’t lose attribution when listeners type links.

  • Track page events in GA4 or another analytics tool, capture UTMs in hidden form fields, and push conversions into your CRM in real time. That creates a durable link between listen and lead.

  • For promo codes, record every redemption in your ecommerce or CRM system, tie redemptions to invoice line items, and reconcile with sponsor reports. Single-use codes are best for high-value deals, shared codes work for awareness buys.

  • Use cohort analysis to track conversion lag, from first listen to first demo or purchase, and then measure downstream value such as deal size and win rate. That turns short-term campaign metrics into long-term revenue signals.

If wiring analytics sounds tedious, a done-for-you partner can configure redirects, landing pages, and CRM capture so you get reliable attribution from day one.

How Do You Handle Taxes And Accounting?

Taxes and accounting for podcasts look like any creative business, but with a few audio-specific wrinkles. Treat revenue recognition, expense allocation, and compliance as operational controls that protect margins and sponsor relationships. Set up project codes or classes in your accounting system so episodes, series, and sponsorships map cleanly to P&L lines. That makes it easy to answer sponsor queries, reconcile invoices, and report profitability by show.

If you outsource production or sales, make sure contracts specify who issues invoices, who bears transaction fees, and how revenue shares are settled. Many teams outsource these tasks to a b2b podcast agency that can handle invoicing and campaign reconciliation alongside production. See vetted options if you want a managed approach.

How Do I Recognize Different Types Of Podcast Income?

Recognition depends on what you promised and when it’s delivered.

  • Ads and sponsorships, earned on delivery: recognize revenue when the ad run is delivered per the SOW, not necessarily on cash receipt. For series or campaign buys, recognize ratably over the campaign period if spots air across multiple episodes.

  • Flat-fee integrations: treat as contract revenue, recognize as each deliverable is completed, for example when the episode publishes and the host-run airs.

  • Subscriptions and memberships: recognize ratably over the subscription period, unless you deliver a clearly separable performance at once, then recognize on delivery. Track deferred revenue for prepaid terms.

  • Affiliate and performance commissions: recognize on confirmed conversion, when you can reasonably measure the sale and payment is due. Single-use promo codes are highest fidelity here.

  • Merchandise, tickets, and courses: follow standard product or service recognition rules, factoring in returns, cancellations, and platform fees.

Practical steps: document the deliverable schedule in every SOW, tag revenue by episode or campaign in your accounting software, and reconcile ad-server impressions or promo-code redemptions before closing the month. Use an accountant who understands media revenue recognition rules if you follow GAAP or IFRS.

How Do I Track Expenses And Calculate Profitability?

Know your direct costs and how you allocate overhead.

  • Common cost buckets: production (editing, engineering, host/producer time), distribution (hosting fees, DAI costs), creative (scriptwriting, talent), marketing and amplification, sales commissions, guest travel or honoraria, and platform fees or revenue shares. Capital items like mics and recorders can be capitalized and depreciated per your policy.

  • Episode-level profitability: assign direct costs per episode, allocate shared monthly overhead by episode count or runtime, then calculate contribution margin: episode contribution = episode-attributed revenue minus allocated direct costs. This shows whether an episode covers variable costs before fixed overhead.

  • Show-level P&L: roll episode contributions into a show-level P&L, include sales and marketing spend, and report gross margin and net margin by show. That helps you decide where to invest or prune.

  • CAC and LTV: when podcast-driven leads convert, tie acquisition costs (paid promotion, agency fees) to customer acquisition cost for podcast-sourced accounts, then compare to LTV to judge channel viability.

Operational tips: use classes/projects in QuickBooks or Xero, push payments from Stripe and ad servers into the ledger automatically, and tag every invoice with an episode or campaign ID. If you want a faster path, a b2b podcasting agency can instrument cost tracking and deliver episode-level P&Ls as a service.

What Invoicing, 1099, And VAT Considerations Apply?

Get the paperwork right before money changes hands.

  • Invoicing best practices: use a signed SOW with deliverables, ad timestamps, and measurement criteria. Require deposits for new sponsors, include PO numbers when requested, and attach delivery reports with every invoice. Net 30 or net 45 are common, but require a deposit for production-heavy deals.

  • 1099 and contractor reporting (US): if you pay freelance editors, producers, or talent $600 or more in a year, you must issue Form 1099‑NEC. Collect W-9s before issuing payment. If you pay foreign talent, collect the appropriate W-8 form and be aware of withholding rules. Consult a CPA for payroll versus contractor classifications.

  • VAT, GST, and sales tax: digital subscriptions and memberships have jurisdictional rules. For B2B customers in the EU with a valid VAT ID, the reverse charge often applies and you don’t charge VAT, but for B2C listeners you usually must collect VAT via OSS or local registration. Merchandise and tickets are often subject to sales tax or VAT where shipped or delivered. Consult a tax advisor experienced with cross-border digital services.

  • Withholding and cross-border payments: when dealing with international sponsors or talent, check treaty rules, collect tax forms, and budget for bank or payment processor fees. For platform payouts from Apple or Spotify, reconcile platform reports with your accounting records — most platforms provide gross receipts and platform share details, but not buyer-level data.

Keep a compliance folder: signed SOWs, delivery proofs, invoices, W-9/W-8 forms, and VAT IDs. Those documents speed audits and sponsor disputes. If tax complexity is high, work with an accountant who knows media and digital subscription rules.

FAQs

How Do I Calculate RPM From Downloads And Revenue?

RPM = (Total revenue / Total downloads) x 1000.

Example: $3,000 total revenue, 150,000 downloads. RPM = (3,000 / 150,000) x 1000 = $20. Use a consistent time window that matches how you recognize revenue, for example a 90-day post-publish window for sponsorships and a monthly window for subscriptions.

What Is A Good CPM For Podcast Ads?

There’s no single answer, but benchmarks help.

  • Programmatic or pre-produced spots, general B2B: $8 to $25 CPM.

  • Host-read B2B spots in niche verticals: $25 to $75 CPM.

  • Highly targeted enterprise verticals, or integrated series deals: $40 to $90+ CPM.

Value depends on audience fit, buy method, and measurable outcomes. Sponsors pay a premium for verified attention and demonstrable pipeline impact, not just reach.

How Long After An Ad Airs Can Conversions Be Attributed?

It depends on the offer and the sales cycle.

  • For direct response offers with a promo code or vanity URL, use a 30- to 90-day attribution window for most B2B campaigns.

  • For enterprise deals and long sales cycles, extend attribution to 180 days or more, and use multi-touch or account-based models to apportion credit.

  • Always capture first touch, last touch, and event timestamps in your CRM so you can model time decay and reconcile influence over appropriate windows.

If you want definitive proof, single-use promo codes and logged demos tied to CRM contact records provide the cleanest path.

Can I Track Revenue From Spotify And Apple Subscriptions?

Yes, but with limits.

  • Platform payouts: Apple and Spotify report gross earnings and take a platform fee, then pay your account. Those payments appear as revenue in your accounting system. Reconcile platform statements to payments monthly.

  • Subscriber-level data: Apple and Spotify typically do not provide listener-level identities for subscribers. If you need subscriber attribution by account, use your own membership system or gated landing pages that capture leads.

  • If you bundle memberships with other services, track first-party conversions on your site and reconcile them to platform payouts to estimate attributable revenue.

For reliable subscriber analytics and higher control over revenues, many teams pair platform subscriptions with their own CRM and checkout flows.

How Do I Combine Multiple Revenue Streams In One Report?

Normalize, attribute, and present.

  1. Normalize time windows and units, for example report all revenue on a monthly accrual basis and use a consistent lookback for episode-attributed income.

  2. Create revenue categories: direct ads, sponsorships, subscriptions, merchandising/events, affiliate/performance, and modeled pipeline influence. Keep gross and net lines so platform or marketplace fees are transparent.

  3. Attribute direct revenue to episodes or campaigns using promo codes, ad-server logs, and invoice ties. Attribute indirect revenue with a documented multi-touch model or account-based crediting.

  4. Build a single episode dimension in your warehouse or spreadsheet, then join revenue transactions and CRM events to that dimension. Calculate RPM, revenue per episode, and revenue per unique listener from the joined view.

  5. Present both raw and quality-adjusted metrics, for example show downloads plus quality-adjusted impressions so sponsors see volume and you show attention value.

If you’d rather not build and maintain the stack, a full-service b2b podcasting agency or curated list of partners can implement the integrations and deliver a sponsor-ready dashboard. See options from vetted b2b podcast agency partners.

About the Author

Aqil Jannaty is the founder of ThePod.fm, where he helps B2B companies turn podcasts into predictable growth systems. With experience in outbound, GTM, and content strategy, he’s worked with teams from Nestlé, B2B SaaS, consulting firms, and infoproduct businesses to scale relationship-driven sales.

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NEW

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B2B podcast that turns conversations into clients

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NEW

FREE TRAINING FOR B2B COMPANIES

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NEW

FREE TRAINING FOR B2B COMPANIES

How to build a money-printing
B2B podcast that turns conversations into clients

WATCH

What smart B2B companies are doing differently in 2025

Only accepting 2 new clients per industry

About ThePod.fm

ThePod.fm is the #1 ROI and sales-focused B2B podcast agency.

Built for B2B Growth

We’re not a traditional podcast agency — we’re a go-to-market team that builds relationship-driven systems to generate conversations, not just content.


Every podcast we launch is built to serve a business outcome: more conversations with decision-makers, stronger brand authority, and measurable pipeline growth. From strategy to execution, everything we do is designed to turn relationships into results.

Global Team of B2B Specialists

Our team spans the UK, US, and beyond — bringing together experts in outbound strategy, production, and growth.


Every client gets a world-class system built and managed by people who understand B2B sales inside out.

End-to-End Podcast System

From guest booking and outreach to recording, editing, and distribution — every step runs through one streamlined system.


It’s fully managed inside your client dashboard, giving you total visibility and measurable outcomes at every stage.

0

+

Guest intro calls booked

0

+

Podcast episodes produced

0

%

Of shows rank in their category

About ThePod.fm

ThePod.fm is the #1 ROI and sales-focused B2B podcast agency.

Built for B2B Growth

We’re not a traditional podcast agency — we’re a go-to-market team that builds relationship-driven systems to generate conversations, not just content.


Every podcast we launch is built to serve a business outcome: more conversations with decision-makers, stronger brand authority, and measurable pipeline growth. From strategy to execution, everything we do is designed to turn relationships into results.

Global Team of B2B Specialists

Our team spans the UK, US, and beyond — bringing together experts in outbound strategy, production, and growth.


Every client gets a world-class system built and managed by people who understand B2B sales inside out.

End-to-End Podcast System

From guest booking and outreach to recording, editing, and distribution — every step runs through one streamlined system.


It’s fully managed inside your client dashboard, giving you total visibility and measurable outcomes at every stage.

0

+

Guest intro calls booked

0

+

Podcast episodes produced

0

%

Of shows rank in their category

About ThePod.fm

ThePod.fm is the #1 ROI and sales-focused B2B podcast agency.

Built for B2B Growth

We’re not a traditional podcast agency — we’re a go-to-market team that builds relationship-driven systems to generate conversations, not just content.


Every podcast we launch is built to serve a business outcome: more conversations with decision-makers, stronger brand authority, and measurable pipeline growth. From strategy to execution, everything we do is designed to turn relationships into results.

Global Team of B2B Specialists

Our team spans the UK, US, and beyond — bringing together experts in outbound strategy, production, and growth.


Every client gets a world-class system built and managed by people who understand B2B sales inside out.

End-to-End Podcast System

From guest booking and outreach to recording, editing, and distribution — every step runs through one streamlined system.


It’s fully managed inside your client dashboard, giving you total visibility and measurable outcomes at every stage.

0

+

Guest intro calls booked

0

+

Podcast episodes produced

0

%

Of shows rank in their category

About ThePod.fm

ThePod.fm is the #1 ROI and sales-focused B2B podcast agency.

Built for B2B Growth

We’re not a traditional podcast agency — we’re a go-to-market team that builds relationship-driven systems to generate conversations, not just content.


Every podcast we launch is built to serve a business outcome: more conversations with decision-makers, stronger brand authority, and measurable pipeline growth. From strategy to execution, everything we do is designed to turn relationships into results.

Global Team of B2B Specialists

Our team spans the UK, US, and beyond — bringing together experts in outbound strategy, production, and growth.


Every client gets a world-class system built and managed by people who understand B2B sales inside out.

End-to-End Podcast System

From guest booking and outreach to recording, editing, and distribution — every step runs through one streamlined system.


It’s fully managed inside your client dashboard, giving you total visibility and measurable outcomes at every stage.

0

+

Guest intro calls booked

0

+

Podcast episodes produced

0

%

Of shows rank in their category