10 Proven Ways To Make MORE MONEY On YouTube! 💸 (From A Full Time YouTuber) #Best Education Page #Online Earning

 How's it going today guys?

Welcome back to the channel.

I hope you're having a great day so far.

So today in this video, we're gonna be talking about

how to make more money on YouTube.

I'm kind of making this as a early Christmas present

because I know a lot of people on my channel

have YouTube channels, whether it's related to investing,

or entrepreneurship or whatever it may be,

I know a lot of people that comment on my videos frequently

have their own YouTube channels.

And as somebody who's been a full-time YouTuber

for almost 18 months now, I think I have

a fair amount of insight to share with you guys

about how to actually make good money with a YouTube channel

and I'm going to go with you guys,

go through that today and tell you guys

exactly what I'm doing to be making

the money I'm making here on YouTube.

So first of all, for those of you

who are not familiar with me, I want to go ahead

and cover a brief backstory of myself.

I started this YouTube channel back in October of 2016

and then in June of 2017 I quit my job,

quit my full-time job to pursue Yo
uTube full-time

back when I had about 10,000 subscribers on this platform.

At that point and time I was only making $1000 per month.

So I was not making a lot of money at all on YouTube.

I had to scale up this YouTube channel

in order to replace my income from my job

and that is exactly what I did over the next year or so.

So from that point forward, I scaled up

from about $1000 per month to $10,000 per month

over the course of the next six months to one year or so.

Now at this point and time, I'm closing in

on the $1000 per day mark on YouTube

which is absolutely amazing that

there's this much money to be made online.

But again, the reason why I share

these numbers with you guys is not to brag,

not to show you guys, hey look what I'm doing out here,

not to sell anything.

Merely all I'm sharing that for

is to show you guys what is actually possible

when you work hard and I think a lot of people

just have no idea how much money

you can make with a platform like YouTube.

Now you might be somebody like myself

where you're looking to replace

your income full-time with a YouTube channel.

Or probably more frequently you're gonna find people

who are doing a YouTube channel

as a side hustle of some kind, you know

to look into making some money on the side

and they're just looking to make some extra money

on the side for their hobby here which is making videos.

But wherever you stand, I think the advice in this video's

going to help you as far as making

the most money possible from this platform.

What we're going to talk about first,

is the bad way to make money on YouTube

and this unfortunately what every single person out there

does and that is what you can see here on the right

and that is to rely 100% on ad revenue from Google.

So most people think the only way to make money on YouTube

is to upload videos that get a lot of views

and then every single one of those views

has ads run on them and then you're making money

from YouTube from the ad revenue.

But there's a big problem with solely relying

on ad revenue for income from your YouTube channel

and that is the fact that views

can be incredibly inconsistent on your channel.

So if we take a look at the data from my channel,

I can't remember off the top of my head

but I know the best month on this channel

we were close to two million views if not a little bit over.

And the worst month in this calendar year was 400,000 views.

So if you can imagine there, my income from ad revenue

was also really high in that month

where I had close to two million views

and it was really low in that month

when I had about 400,000 views.

So that is what happens if you solely relied

on ad revenue as the income source from a YouTube channel.

Some months it's going to be really good

when you're getting maybe one or two or five million views

depending on your niche and other months

you're not going to get as many views

and your income is going to be cut proportionally.

So you can not solely rely on ad revenue

as an income source for your channel

unless you're just doing this part-time for fun and you

don't really care about how much money you're making.

But for me personally, I live off of my YouTube revenue,

I live off of this online business I've created,

so I can not solely rely on ad revenue

as the income for my channel.

So on the right here, that is actually

if you were to take the income from my YouTube channel

and break it up into segments where it is all coming from.

As you can see, about 40% of the money I'm making

from my YouTube channel and my online business

is from ad revenue paid by Google.

Now don't get me wrong, I made that mistake before

of solely relying on ad revenue

and then I realized I had to transition

into a much better business model

which is when I started incorporating

these other pieces here which I'm going

to teach you as we go through this video.

Without a doubt, still ad revenue

is the biggest source of revenue for my channel

and that is about 40% of the money I am making.

Now 30% comes from either my own digital products

or digital products I am affiliated with.

A lot of people are not familiar with a digital product,

but it's something like an online course,

an online membership site, any kind of paid guide

or paid resource.

It is something intangible that

you're creating and then you are selling.

Am I personally selling these courses?

I didn't personally create them,

but I am affiliated with a lot of different people

that have their own online courses

and when somebody purchases one of those courses,

I earn a commission in the process.

So, that is the second largest

source of revenue for my channel.

It's either digital products I've created

or digital products I am affiliated with.

Number three, the next largest is

other affiliated relationships

I have established with brands

and that's going to be direct relationships

with companies within your niche.

Obviously every niche is going to be different

and so I can't tell you exactly

who you should be contacting as far as

the companies within your niche

that are going to have relationships with you

and give you commission on the

traffic you're referring to them

but what you need to do is take a step back and say

okay, what are the brands in my niche?

And you should be establishing relationships with them

but we'll talk about that more

as we get into the details here.

The next smallest one, about 10% of my income comes from

something totally separate from my YouTube channel

but it's related and it's a separate brand I've started,

or created called Investing Simple.

I didn't actually create the brand,

it was an Instagram page I ended up

purchasing back in July of 2018

and that is both an Instagram account

and a blog that I'm building out.

And that accounts for about 10% of the revenue

for my online business here.

And then that small 5% pie right here

is just the money I make from sponsored posts

either over on my Instagram account

or occasionally I'll do a sponsored video on the channel.

Very infrequently.

I do have one that's probably come out already

but, very infrequently do I do

sponsored videos here on YouTube

but I do a fair amount of sponsored posts over on Instagram.

The reason why it's a good idea

to have all these different components working for you,

is because at this point and time

you are not solely relying on any one source of income.

If all of a sudden, YouTube decided to stop paying ads,

well that's only 40% of my income

and I still have the other 60%

that's gonna pay for my rent and pay for my bills.

And if all of a sudden my digital products

and the digital products I'm affiliated for stopped selling,

well I still have another huge piece of revenue here

coming in from ads and all these other sources.

You know the old saying, don't put

all of your eggs in one basket,

don't rely on one source of income,

that is all true here with your YouTube channel.

You do not want to rely on any one thing too much

and if you're sitting there and you're 100% reliant on ads,

well then you're gonna have a couple of stressful months

at some point when your views are down

and you're just not making enough money to sustain yourself.

So I would recommend starting to build out different

revenue streams before that begins to happen to you.

So that being said, I want to now go ahead and cover

10 different ways you can make more money

with your YouTube channel and I'm going to tell you guys

exactly which ones I'm doing and the ones

that have not worked well for me.

Number one, the very first thing I did the second

income or revenue stream from my YouTube channel,

the easiest one to implement is Amazon Affiliate links.

If you look down on the description of this video,

you're gonna see links to different books that I like.

I used to link to the gear I was recording with.

I think now I only link to books that I like.

You know, my favorite investing or business books,

but this is by far the easiest way to

make more money with your YouTube channel

and that is to simply add Amazon Affiliate links

to the description of your video.

You can do this as an upload default,

that's how I recommend doing it.

That way it shows up in every single new upload

that you post.

But what you're gonna basically do is link to

any products that you use frequently in your videos.

Link to any books that you discuss in your videos,

you could be doing a book review

when you're talking about a particular book.

All you have to do is hold that book

and say hey, if you want to purchase it,

the link's in the description below.

And then anybody who clicks on that link and purchases,

you're going to earn a commission in the process.

So Amazon Affiliate links are the easiest way

to make extra money with your YouTube channel.

It will take you less than an hour to set up.

It'd probably take you 10 minutes to be honest with you

to apply for the Amazon Associates Program

and then toss some links in your description.

For me that was an easy way to make an extra couple hundred

dollars from my YouTube channel with very little effort.

So if you don't Amazon Affiliate links yet,

I would highly recommend that.

A lot of these different points here

I have other videos expanding upon that topic.

I definitely have one talking about Amazon Affiliate links

so I'm going to link it up in the description below.

Number two, the second thing that you should do

or the second way that I began

to make more money with my YouTube channel

is selling my own digital product.

I launched my own stock market investing course,

I also had a membership site for a while,

and these were great revenue streams for my channel.

Now you might be asking yourself

why did I decide to stop in my membership site?

And why did I stop really promoting my online course

and the reason for that is because I like to focus on

passive income with my online business

and having an online course, or a membership site

is definitely not very passive.

It requires a lot of active effort

and I wanted my business to be as passive as possible.

So after having a couple of successful courses

and a successful membership site,

I decided to step away from that as an income source

and the beauty of this system is that I was able to do that

because that was only one small section of my pie here.

But being somebody who had a successful online course,

I can tell you it is one of the easiest ways

to make some more money with your YouTube channel.

If you guys are looking to learn more

about creating your own online course,

I actually put together a completely free course

called Course Creation Companion.

It's about a 50 lesson course that I put together

back in May that walks you through the entire process

of launching, creating, hosting,

marketing your own online course.

It is completely free.

That is linked up in the description below

and that is one of the easiest ways

to add another revenue stream to your YouTube channel

or any kind of online following that you have,

that is by selling an online course,

or selling access to some kind of private membership site.

For me, that is what pushed me through

the five figure a month mark with my YouTube channel,

was selling an online course on the back end.

So there's a tremendous amount of money

to be made by doing that and that is one of the easiest ways

to make more money with a very small YouTube channel.

Number three, the third thing you can do

to make more money on YouTube.

This is a very easy thing that so few people are doing.

What you're going to be doing,

is adding mid-roll ads to your longer YouTube videos.

Most people who post videos on YouTube

are posting very short videos.

Maybe they're three to five minutes,

but there's actually a huge advantage to posting long videos

and that is the fact that you can

add multiple ads to that video.

So let's say you post a 20 minute video

where you're teaching a certain lesson on a topic,

you could potentially add two or three video ads

throughout that video that are going to play.

And the more ads that are playing on your video,

the more ad revenue you're going to make in that process.

So if you're looking to make more money from ad revenue,

you can go back through your existing content

that's over 10 minutes, test out some mid-roll ads,

and focus on making longer content going forward.

Now you do want to be careful with this

and make sure you don't go too far with it

and just stuff your video full of ads,

because then nobody's gonna watch it,

the drop-off rate's gonna be high and that's gonna hurt

your search ranking and your viewership.

So you don't wanna go overboard with this

but one of the easiest things you can do

is drop a mid-roll ad at the hook point of a video.

Now what is the hook point?

The hook point is when somebody's about to get to the point.

So let's say I was sitting here and I was gonna say to you

the best way to make money with a YouTube channel is,

you're gonna want to drop that ad right at that point

that way people have to stick around and figure out

what that nugget is that you were about to drop.

That is what you call a hook point.

One of the easiest things you can do is drop mid-roll ads

at the hook point in your longer videos.

Number four, the fourth thing you can do

to make more money with your YouTube channel

is simply to take the existing content that you have

and organize it into playlists.

Now this is gonna be beneficial for two reasons,

number one, it's gonna organize your content

that way somebody who shows up on your channel

is going to be able to say, okay here's all of the videos

related to this topic, or that topic, or that topic

and it makes your content much

easier for the viewer to jump in.

So let's say you did YouTube channel about golfing,

and you had a 15 videos about golfing for beginners,

you can put all of that right in one series,

that way people can click on that

and watch through all of those videos.

Now what that's going to do for you,

is that's going to improve the

session duration for that viewer

and this is kind of complicated.

But let's say that person clicks on your video

and then they watch five more of your videos in a row,

well YouTube or Google is going to see that

and they're going to say, well that must be

a pretty good video and a pretty good channel

if they watched five videos after that and they're gonna

continue to recommend your channel as a result,

whereas if your content isn't really organized

they might click on one video and then end up

on somebody else's channel because

they don't know where your next video is.

Now, the second thing that this can do to help you

is that by creating playlists,

and using good meta-data practices

as far as title and the description of those playlists,

you can actually rank playlists

and get traffic to those playlists.

So if you made a playlist called,

How to Golf for Beginners,

people who are searching for that

might come across your playlist

instead of a video in the search results

and it's just gonna get you more views on your videos

which is gonna be more ads, more clicks on

your affiliate links and everything from there.

So organizing your videos into playlists

is one of the easiest things you can do

to make more money with your channel.

Number five, the fifth thing you can do

that I stress all the time is to conduct

market research before creating content on YouTube.

And what I mean by that, is you should simply be

subscribed to or following all of the big channels

within your niche and looking at

what content they are posting.

If you notice they post a particular video

that's doing extremely well, maybe you should consider

doing your own version of that video.

I'm not saying you should copy it,

but you can kind of take that video

and make your own version of it

using the same kind of title or thumbnail

and it will probably perform equally as well,

or if not pretty well compared to that video.

I have countless examples of this on my channel.

Videos where I've taken a popular video,

made my own version of it and got

a ton of views in the process.

So conducting a little bit of market research

before creating content is absolutely essential,

otherwise you could be wasting your time

making videos that nobody really wants to see.

Number six, the sixth thing you can do,

which is what I did with my channel

is to spin off your channel into a blog

or a Instagram page or an email list

or a Facebook page or all of the above.

The way I did this is by purchasing an Instagram account,

Investing Simple, building out that blog

and kind of combining these things together

that way I get traffic from my blog over to YouTube,

traffic from YouTube to my blog and Instagram

and all like that, sharing traffic between them.

But you don't have to necessarily buy a page,

you could start your own page and build a following

on multiple different platforms

and then leverage that following across all three of these.

So you can make money with your email list,

or your Instagram page, or your Facebook page,

or you could do messenger marketing.

There are so many potential ways

to make money off of YouTube,

but a lot of that has to do with the fact

that you are gathering an audience

on different platforms or in different areas.

Number seven, the seventh thing you can do

to make money with your YouTube channel or online audience

is to host your own live event.

Now you might be looking at me like

who's gonna show up at a live event?

But I actually had my first live event

back in October this year, Passive Income Master Class

and it was actually a really awesome time.

We ended having around 25 people come,

my friend and I taught people for the entire day

at this location in Dallas.

It was a really cool, basically a shared workspace we rented

and we had our first live event

and it actually ended up being

a really great experience for everybody

and a very profitable experience for ourselves.

So don't think that you have to be anybody crazy.

You don't have to be Tony Robbins

in order to have a live event and have people show up.

If people value your information, and they want to see you,

they would be very willing to open up their wallets

and pay for a ticket to come see you.

So yes this may be something that

is way down the road for some people

but don't rule out having your own

or hosting your own live event

because it can be an excellent way

to make some money with your channel.

Number eight, one of my favorite ways to make money

with a YouTube channel or any following online,

is to establish affiliate relationships

with different brands within your niche.

Now, I did a three part series on this with ODi Productions.

He has a YouTube channel where

all he pretty much talks about is affiliate marketing

so I'm not gonna talk about it in this video,

but I'm gonna link up that three part series

in the description below and I also have a 5000 word blog

that's all about affiliate marketing.

Like a beginner's guide that I'm gonna

link up as well in the description below.

But understand that affiliate marketing

is simply getting paid for referrals.

What you want to do is align yourself

with the different businesses within your niche

or companies within your niche

and ask them if they have affiliate programs.

Amazon Associates, Amazon Affiliate links,

that's one of the most basic

and simple versions of affiliate marketing

but with that the margins are very low.

You're usually making anywhere from, I don't know

two to five, maybe 6% of that sale.

You can make a lot more money by establishing

relationships directly with these brands

and that is what you would call

affiliate relationships that you've established.

Like I said, every niche is going to be different.

The companies that I affiliate with

are not gonna be the same ones you affiliate with

but what you wanna do is figure out

the biggest companies in your niche

and try to establish relationships with them

and leverage affiliate marketing.

This has been huge for my channel and my blog

and it's one of my main focuses going into 2019.

Number nine is one on one coaching

or even group coaching if you want to.

This can be a great way to make

some extra money with your YouTube channel.

There's a friend of mine who also is a YouTuber,

I'm not gonna name his name.

I'm sure he knows if he's watching this

but he told me about how he frequently has to drive

30, 45 minutes maybe even an hour.

And what he'll do is while he's in the car,

he will do a one on one call

with somebody from his YouTube channel

and do a one on one coaching session

and they usually pay him about $150

for one hour of his time.

He takes time he was going to originally spend in the car,

jumps on the phone with somebody for

a one on one coaching session and makes a quick $150.

There's certainly nothing wrong with that.

But you'd be amazed how many people are willing to pay you

for that personalized attention

and have some of your personal questions being answered.

Of course if you are doing something like that,

you wanna make sure you're transparent

about what it is that you're showing people,

whether or not you're an expert.

You're not gonna obviously wanna jump on there

and be giving somebody tax advice

if you're not a tax advisor or anything like that.

So you, again wanna use common sense.

But if you're talking to people about a certain topic

and you are an expert, then there's absolutely nothing wrong

with doing one on one coaching, or group coaching.

It can be a great way to generate

some extra money from your channel.

And then number 10, the final thing

which I haven't really had success with either of these

is selling merchandise on your channel

or setting up a Patreon account

where you have members only content

that only people who pledge money to you can see.

I don't really have any experience with that.

I know a lot of people do use Patreon.

Usually it's people who are making,

I don't know $500 to $1000 per month.

I don't think there's any huge income potential

with Patreon, but it all depends on your niche.

One of the niche's were Patreon

would work exceptionally well,

is if you are an artist or a graphic designer

or a musical artist and you were basically

having people pledge to see songs or drawings or something

that you're not sharing anywhere else.

All of these different methods of making money on YouTube

some of them are gonna work better for certain niches.

That's just the way that it is.

And then as far as merchandise goes,

again, depending on the channel, depending on the niche,

merchandise makes sense for some people,

it doesn't necessarily make sense for everybody.

I've tried selling merch on my channel about a year ago

and it just wasn't a big seller

because what I am is a personal brand

and so I was trying to sell shirts

that had Bitcoin logos on them

and different investing slogans

and people just weren't really a fan of them

because they weren't really tied to me,

but I'm not exactly gonna take my face

and put it on a shirt either, so my niche is not really one

that works well with merchandise,

but some work better than others.

Anyway guys, that's gonna wrap up this video.

I hope you enjoyed it.

Like I said, I have a bunch of great resources linked up

in the description below of my Course Creation Companion

full length course, I have that 5000 word guide

on affiliate marketing and all kinds of different videos

I've done on these individual subjects

that you guys might enjoy so make sure you guys

check those out in the description below.

If you have any questions about making money on YouTube,

building a following, any of that,

drop me a comment below and I will do my best

to answer those but thank you so much for watching,

and I will see you in the next video.

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