Hey YTTalkers! I see so many posts of people asking how to make money on YouTube and increase their income. Maybe my story can help inspire some of you and give you some ideas for how to make that possible with a relatively small audience.
In 2011 my full-time job was doing audience development for a company's web series on YouTube, but when that series ended in 2013 I knew I'd need a new source of income for my family. So I started a new channel called Video Creators to train other YouTubers how to grow their YouTube audience.
Within 6 months that channel was my full-time income. In fact, I was earning $10,000/month on it with only a few thousand subscribers when my "real job" ended. Today I have a small staff of people who work for me on my channel.
How did I do that? Well, it really comes down to the fact that I developed a business model around my channel from the very beginning.
On a very basic level, a business model answers these questions:
- What value do I intend to deliver?
- Who needs that value?
- How can I sell that value?
Here are the revenue streams I currently have in place for my Video Creators channel, as well as a few that I intend to setup this year and next. Maybe some of these ideas will be helpful for you as you look to make money from your own YouTube channel.
Of course, there's many other ways to make money on YouTube, too. These are 10 that make sense for me, but your creativity is the limit for what you can do to support your family and YouTube efforts in reaching people with your message and changing their lives.
And, to be totally honest, I know a conversation about God doesn't usually fit in a conversation like this, but I do honestly feel that while all these things contributed to my income, ultimately I think He decided to bless it all. Your opinion my vary, obviously. haha
I'd love to hear your ideas for how you earn money on your YouTube channel! Reply to this thread and let's share all our ideas to help each other out. I just shared every idea that's working for me. What's working for you?