You’re sitting in your bedroom editing a friend’s podcast episode.
You think to yourself, “I’m pretty good at this – and I love it! How can I make money editing podcasts?“
You’ve seen other people doing it, making money as podcast editors. What do they have that you don’t?
The answer is clear: They have clients. They have processes. And they have made the leap from a j-o-b into a career as a podcast editor.
A study done by LinkedIn Learning shows the #10 Hard Skill Companies Need Most in 2019 is Audio Production.
With the growth of podcast as a medium, and more and more companies getting into podcasting, the need for skilled audio engineers and editors is on the move. I don’t see this slowing down in 2020. In fact, the need can only GROW!
What does it take to become a full-time podcast editor? Well, that’s a loaded question.
What I can tell you is this: You need to make more than $20 an hour – or you may as well get a salaried position at McDonald’s.
You need to make more than $20 an hour – or you may as well get a part-time job at McDonald’s
Making a living as a podcast editor isn’t easy.
According to date from MIT’s Living Wage calculator, a single person needs between $22,000 to $30,000 to live in the United States. Those numbers represent the minimum amount necessary to meet basic needs and doesn’t include eating out, vacations, or saving and investing.
That means a single person needs $14.43 an hour in take-home pay to get by, and more if they want don’t want to live paycheck-to-paycheck.
But a person making $14.43 an hour full-time at a company gets benefits. This often comes in the form of discounted health insurance, a match for 401(k) savings, and half of their FICA taxes paid for by the company.
Guess what a podcast editor running their own small business doesn’t get? The aforementioned company benefits.
This means you need to gross $25 or more just to bring home the same $14.43 after income taxes, Social Security and Medicare taxes – and you still haven’t paid for health insurance coverage.
I could go on, but you get the point.
The Podcast Editors Conference is designed to inform you of ways to market your business to clients who want to pay you money and elevate your rates over time.