309. Our Plan To Go From $0 to $100,000/Month From Podcast Sponsorships in 12 Months - Part 2

Our Plan To Go From $0 to $100,000/Month From Podcast Sponsorships in 12 Months - Part 2 In this episode, Justin Williams, provides an update on MU's ambitious goal of making $100,000 per month through podcast sponsorships. Justin shares the challenges, lessons, and successes encountered over the past year, including overcoming dismal initial downloads, the 'trough of sorrow,' and strategies for growing their audience. He emphasizes the importance of creating a break-even funnel, investing in growth through paid advertising, and learning from trial and error to eventually achieve financial success. Justin also discusses the value of having a big, hairy, audacious goal, staying persistent, and continually adapting to changes in the business landscape.   What Justin discusses: + Journey to $100K Per Month with Podcast Sponsorships + The Humble Beginnings of Millionaire University + Setting Ambitious Goals for Podcast Growth + The Launch and Initial Struggles of Millionaire University Podcast + Facing the Trough of Sorrow: Overcoming Initial Failures + Investing in Podcast Growth: A New Strategy + Challenges in Securing Podcast Sponsorships + Adjusting Strategies and Finding Success + Navigating Programmatic Ads and Audience Reach + The Journey to Finding the Right Agency and Sponsorship + A Revelation in Madrid: Monetizing Guest Appearances + Evolving the Podcast's Monetization Strategy + Achieving a Self-Liquidating Model for Podcast Growth + Setting and Pursuing Audacious Goals + The Power of Persistence and Pivoting in Business + Exploring New Ventures: Newsletters and E-commerce + Final Thoughts and Future Plans   Resources from this Episode: Acorns - Click Here to Save and Invest with Acorns. Kajabi - Click Here to Launch Your Online Business with Kajabi. Start your FREE 30 Day Trial Today! Shopify - Making Commerce Better for Everyone. Sign up for 30 days for only $1 at Shopify today! Spotify Ad Newtwork - S.P.A.N. - click here to learn more about the Spotify Ad Network. FREE Millionaire University Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.   To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.   Wanna get social? Click on any of the links below to connect with us. Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].