Podcasting has become a popular medium for individuals and organizations to create and distribute audio content, and many podcasters are looking to monetize their shows in order to make a profit. There are a few different ways to monetize a podcast, including advertising, sponsorships, merchandise, and premium content.
One of the most common ways to monetize a podcast is through advertising. Podcasters can sell advertising spots or sponsorships to businesses and organizations looking to reach their audience. However, commission rates for these services are typically very low and you're unlikely to make much money this way, even if you have a large and engaged audience. 
Another way to monetize a podcast is through merchandise. Podcasters can sell merchandise such as t-shirts, hats, mugs and more with their branding. Podcasters can also offer a premium version of their podcast, available to listeners for a fee, that includes exclusive content and behind-the-scenes material. 
Another way to monetize a podcast is by offering a service or product that aligns with your podcast's niche. For example, if your podcast is about personal development, you could offer coaching or consulting services.