"But the inputs to his podcast are merely time (and one-time equipment costs)"
Well no - they have, among others, the costs I mentioned in my second sentence. But maybe I'm wrong, hence why 'revenue' doesn't mean much - it'd be much more interesting to look at some real numbers instead of the clickbait of just using whatever is the highest number one can find.
An Uber driver doesn't 'make' 15k when he gets paid 15k a year by Uber. He has to pay for gas and maintenance and whatnot. He 'makes' whatever is left over after that, just like any job where one has to pay for (part of) business-related costs themselves. A construction worker who has to pay for his own safety shoes @ $250 and is paid 30k doesn't 'make' 30k, he makes 29750. In this last example the distinction is so tiny that it doesn't matter, but it all depends on the ratios.
Now I realize that in some (dare I say 'less financially savvy') circles the amount that comes in is called the amount that one 'makes', but no person with any (business) financial skills would call it that. And from a website that purports to target those interested in running ones own business, I would expect some more rigor in this respect.
Well no - they have, among others, the costs I mentioned in my second sentence. But maybe I'm wrong, hence why 'revenue' doesn't mean much - it'd be much more interesting to look at some real numbers instead of the clickbait of just using whatever is the highest number one can find.
An Uber driver doesn't 'make' 15k when he gets paid 15k a year by Uber. He has to pay for gas and maintenance and whatnot. He 'makes' whatever is left over after that, just like any job where one has to pay for (part of) business-related costs themselves. A construction worker who has to pay for his own safety shoes @ $250 and is paid 30k doesn't 'make' 30k, he makes 29750. In this last example the distinction is so tiny that it doesn't matter, but it all depends on the ratios.
Now I realize that in some (dare I say 'less financially savvy') circles the amount that comes in is called the amount that one 'makes', but no person with any (business) financial skills would call it that. And from a website that purports to target those interested in running ones own business, I would expect some more rigor in this respect.