Todays estimated read time: 2 minutes 7 seconds
1. Business idea of the Week: Podcast to Text Website
Do you remember those lyric websites you used to use to search for your favorite songs?
Like azlyrics.com - (this website looks like its stuck in 2005)
According to Similar Web, azlyrics.com still gets 20+ million visitors per month!
The Google Adsense calculator only goes up to 10 million visits per month, but we can double it and assume this website brings in over $1.2 million / year in ad revenue.
The Idea: Create a website with text transcripts of podcasts. Allow visitors to read through their favorite podcasts, and search for specific parts of an episode.
Example: The other day I was trying to search for the name of a business that was mentioned in a podcast I listened to. The only way I could search for it was by skimming through the audio podcast. I wanted to search for it in text, but theres no transcript of the episode.
How to get started: This website will need to be highly automated in order to post as much content as possible. You can use wordpress.org to create your website, and organize the episodes. Next you will need to automate the audio podcast into text. With a quick google search I found a bunch of software tools that will automatically convert audio to text. Example: Veed.io
Next you will need to get traffic. This website should pull in visitors through organic SEO, but to get things started you can post to Twitter, Reddit, and send to all of the podcasters you have on your website. If you can get a few podcasters to talk about the site on their podcast or twitter, you’ll get a big rush of visitors.
How to monetize: The easiest way to monetize this site will be through Google Adsense. If you can get this site to 1 million visits per month, you can expect around $5-6K in revenue per month (this is likely a low estimate). You can also offer premium features to podcasters to promote their podcast on your site, but you’ll need to get a large base of monthly visitors first.
Things I like about this business:
Very low startup costs. Just website fees, and audio to text software. 💸
Automated content. 📈
This can be a one person business! No need for employees. 🥷
Let me know what you think!
2. I Have Exciting News! Get Your Free Swag!
I am super excited to announce the 3 ideas on Sunday referral program. Get free swag for referring your friends.
Click Here to get your referral code.
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Are you a Substack writer and want to run your own referral program? Email me or comment on this post to become a Subshark.io beta user.
3. Thank a Veteran For Their service.
Ideas #3 this week is a reminder to thank a Veteran for their service this Memorial Day.
Memorial Day is an American holiday, honoring the men and women who died while serving in the U.S. military.
They fight for our freedom, so we can live the lives that we do.
Thank you to every Veteran for you service!
And happy memorial day! 🇺🇸