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Questions & Answers

Posted by Michelle Fraser on 2017-08-18 13:03:00
Title: Podcast guest speaker and compensation
Category: Money

I have been asked to be a guest speaker for a podcast. I am not sure at this point whether the podcast is a "not-for-profit" or whether it is profitable. Is it appropriate for me to inquire whether I would receive compensation for this opportunity? Or is it common practise that my compensation would be "fame" *smile*. Thank you!

Answer:

Fix My Biz
2017-09-08 14:06:00

What a great question! Compared to blogging and YouTubing, the economics of the podcasting industry are still being sorted out, so we can see why it would be challenging to interpret the request you received.

First, it is absolutely appropriate to inquire if you will be compensated for this opportunity. We think there is a great business lesson in here: Whenever anyone asks you to do anything, you should always ask about their motivations. You need to make sure that the objectives of the person who has made the request align with your business goals. 

Given that youve been asked to be a "guest" speaker, were willing to bet a Starbucks latte that this is an unpaid "opportunity." Since your only compensation is likely the "fame" youll receive from appearing on the podcast, ask yourself if this opportunity is worth your time. We always say that entrepreneurs get paid in different ways: sometimes its monetarily, but sometimes you might get paid in experience, in exposure, or by positioning yourself as an expert in your field. So even if theres no money in this gig, it still might be worth your while.

Well watch out for you on iTunes!

Wishing you much success,

Amy & Danielle