Do you have $500 right now and wish to multiply that money and start earning at least $2000 monthly by this time next year?
Here’s what I’ll do if I was in your shoes.
I’ll start a YouTube channel but in a different way. I’ll not be doing it like every other person out there.
The approach has to be completely different, intentional, and value driven. Stay with me, this is where it gets interesting.
✅ Start a YouTube channel
✅ Choose a high-profit niche
✅ Identify high-performance videos in your niche.
✅ Find the missing links in those videos and recreate it.
✅ Focus on building a community on YouTube and Social Media platforms such as Facebook, IG and Twitter (dedicated audience).
✅ Promote digital product
✅ Offer coaching/mentorship/consultancy
That’s one of the easiest ways to turn $500 into $2k/month.
Let me explain how this can be achieved.
How To Make Money on YouTube
You can make money from your YouTube channel in 5 or more ways.
1. Adsense payment:
This is the most common and the money you make will be small.
Once you’re monetized on YouTube, you’ll start earning dollars from AdSense every month.
This is good money but it is usually small compared to other means of earning on YouTube.
If you hang all your hope on Adsense payment, you’ll be broke and frustrated. You have to see it as one of your sources of income on YouTube, not your main source of income.
2. Affiliate promotions:
You’ll make more money by recommending products/services in your videos and leaving the links in your video description.
You make videos about products and services and recommend such products or services. You get a unique affiliate link, insert the link in your video description and publish the video.
If anyone watches your video and makes a purchase via your link, you earn a commission.
Sometime in April 2021, I made 3 videos about Expertnaire and I inserted my unique link there. Those videos still generate income for me till tomorrow.
Something I did since last year o. No extra effort. That’s called Passive income.
3. Sponsored Videos:
There are 2 types. Dedicated video and Ad-roll.
Companies pay you to create videos for them or insert their video in yours.
Once your channel starts doing well, brands will begin to contact you to create a video about their products or services.
Some brands will create their own video (usually 15-60 secs Ad-roll) and contact you to insert the video in your own video.
You charge them, they pay, and you make the videos and publish them.
Easy peasy like that. Cool money ?
I’ve made a few dedicated videos on my channel and you’ll not even know those videos are sponsored.
The brands paid me and I made the videos without making them look like sponsored videos.
Currently, I charge just $1000 for a dedicated video and $500 for Ad-roll.
If I make just 3 sponsored videos in a month, that’s $3k. Amazing stuff, yea?
4. Sell digital products: courses, ebooks, etc
This is one of the coolest ways to make money on YouTube, once you consistently offer value and build a community.
Digital products will always put money in your account even while you sleep or travel.
In September 2021, I created a low-ticket course. That course still generates income for me daily. People watch my video on YouTube, click on the link and purchase my course.
What a time to be alive.
5. Offer coaching/consultancy/mentorship
This is one of the most excellent ways to sell your expertise and make money without lifting a finger or spending time on advertisements.
At the moment, I do not offer mentorship. I offer coaching and consultancy and it’s been an exciting journey.
Coaching is not cheap, and neither is consultancy. People will not pay you for any of these until you have proven yourself worthy.
If you want to make money from coaching and consultancy, you must pay it forward first.
What I mean is that you must invest in people. You must be interested in people, helping them grow and improve.
You must become a person of great value. Your results should speak for you. Your network of influence should speak for you. Your charisma should speak for you.
Once people know you have the substance they’re looking for, they’ll pay you to access your substance.
For starters, I’ll advise that you focus on affiliate commissions and digital products.
For example: if you publish 10 videos in a month and have a total view of 40,000 and you have a course that sells for $5. Let’s assume your video converts at 1%.
Video views: 40,000
Course price: $5
40,000 x 1% x $5 = $2000
Now you see how easy it is to make this money when you work with numbers?
First, you must know your numbers. Then you break the numbers down, have a detailed plan, and work to the plan.
Will it be easy? No!
Can be it achieved? YES!!!
If I can do it, you too can do it, even better than me.