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Half the people who listen come to me through iTunes. The other half come through various web sites, but mostly through Podiobooks.com.
I don't ask for donations directly, but Podiobooks attaches a request for donations to the podcast. From 4000 listeners who have heard the entire podcast, I've received about $80. My cost of making the podcast amounted to $128 for a good microphone (Samson), plus about 4 months of my life. So I have to conclude that:
1) People just aren't gonna pay for internet content.
2) I've lost money on the investment, if we're measuring by dollars.
3) I really don't care. I didn't go into podcasting to make money.
Though I haven't done any publicity for the last 6 months, people continue to download. I've been running steadily at about 200 new listeners per month, with about 100 per month sticking with it to the end.
Action/suspense podcasters claim to get 40,000 listeners. That's probably a first episode number, and I don't know what their last episode percentage is. As a "literary" podcaster, I'm at the upper end of the scale with 8,000/4,000.
Okay, enough statistics.
It's been gratifying. Web culture encourages feedback, far more so than book culture. I still get steady email from people who've listened and just want to say thanks.
There's no reliable filter or review process for podcasts. It amazes me that somebody hasn't started a web review of podcasts and established a standard. Instead of the New York Times Book Review we could have the Intergalactic Review of Podcasts.
Podcasting is coming to be seen as a desirable career move by young writers. Podiobooks now seems to release a new title every day. When I joined, it was about once a week. They have a mentorship program, a good one, full of wannabe podcasters who have the same enthusiasm (or desperation) I'm used to seeing in wannabe writers.
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As a means of finding a publisher, the jury is still out. I'm now self-publishing Clear Heart. (Soon - real soon - I promise!) The podcast proved to me that there will be an audience if I self-publish. Now the printed book will have to prove there is an audience for a commercial publisher.
This project began as an experiment and an adventure. It grew into a love affair. I love the newly-invented, still-evolving medium of the podcast novel. It's more innovative and free-spirited than conventional audiobooks. It doesn't have the time constraints of radio. It takes the novel back to its roots: the oral storytelling tradition. It gives words their original power: their sound. The words enter directly, literally into the head of the listener wearing earbuds.
It's been a fun ride. The audience response is wonderful. My big disappointment was when it became clear that no print media - newspaper or magazine - had any interest or even much understanding of what it meant to podcast a novel. My big thrill was to get in on the ground floor of a new art form, one that is bursting with fresh energy and new ideas.
Would I do it again? I'm doing it right now, preparing another novel for podcast.
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