7 Ways you monetize your YouTube channel
Generating income from your YouTube channel is relatively easy.
First, understand you must take control of your YouTube channel subscribers.
Bring them into your Autoresponder and build your list there.
Remember, your YouTube channel can be flagged, demonetized, or deleted anytime. Putting your eggs in that basket leaves you powerless and vulnerable to the powers that be.
Many YouTubers rely on their YouTube ad sense revenue to generate income. The reality is, there are many different ways to generate income from your channel.
In this post, I will share with you seven ways to generate income with your YouTube channel.
Your number one goal when creating YouTube video content must always be to build your list.
Your list is the lifeblood of your business. By building your list, you are creating a database of potential buyers.
When big brands like Walmart, Nike, Adidas ask you for your name and email upon checkout, they are building their list so they can market to you later.
They understand that the most essential part of their business is your data, so that they can sell to you over and over again.
Your intention should always be to collect the names and emails of your subscribers and viewers, and you do that by first offering them something they want, a lead magnet.
Once they take you up on your offer, they are added to your autoresponder service.
Your autoresponder stores all your leads and allows you to ethically send emails to all your leads simultaneously, so you can sell or recommend to them your products and services.
The autoresponder I use is called Aweber. If you have any questions about using it, I will be more than happy to help you. Click the image below for a few accounts.
Let’s monetize your YouTube channel.
The most successful online entrepreneurs have been successful because they embrace one or all of the following seven strategies to earn money online with their information.
Most have used a combination of one or two or all seven strategies.
The following are the seven most utilized monetization strategies, you can get started by choosing one strategy and mastering it.:
- Sponsorship
- E-book
- Online Training course
- Selling ad space
- Coaching
- Affiliate marketing
- Paid Events
Let’s dive into each strategy a little deeper.
Sponsorship
Sponsorship is one of the fastest ways to generate money from your passion.
You may need a loyal following with a clear message, a sponsor will want to market their brand to. You can use your channel as leverage to connect with local businesses in your niche, who want to promote their products and service.
The income from your sponsor might be a small amount of money, however you will have additional products and services you can offer your list.
E-Book
Creating an e-book is probably one of the easiest and fastest things you can do to produce income from your channel.
Create an e-book that answers the questions your subscribers are asking. Make sure that you go into detail with the answers to the questions. Offer the e-book to them as a paid or free offer.
A speedy method to creating an e-book is to compile a list of questions that your market is asking.
Create an outline for each of those questions, then dictate the answer to those questions on your iPhone or recorder.
Download the dictation, then edit and format it into e-book format and offer it to your subscriber. The name of the game is to provide a solution to the needs of your subscribers with the e-book.
Online Training course
Online training can be an extension of an e-book you’ve created.
Anytime you have a course, or published book, you create leverage in your business.
Develop a series of deep dive videos with the content from the e-book. Ensure you are very detailed and solution oriented in your videos.
You can use screen capture software like Camtasia or Screenflow to record your screen to create the videos. Essentially, you create a PowerPoint presentation with all the answers to this solution and the step-by-step plan to the solution.
Use your autoresponder to drip the training videos to your list of buyers every day at a specific time.
Selling ad space
Selling ad space on your website is a widespread way to earn money. Essentially, that is what YouTube is doing with your content. They sell ad space on your content and give you a very small share of the revenue.
However, you can sell ad space inside the emails you send to your prospect. If you have a focussed list, you can have business owners pay you for an ad spot inside your emails. As a result, you are monetizing your list of YouTube subscribers while controlling your narrative and the revenue.
Coaching
Coaching is one of the fastest and easiest way to generate income. People in your niche are always looking for coaching. If you have a solution to an issue you have solved in the past, you can create an income stream very quickly.
Your coaching session can be done weekly for an ongoing monthly recurring fee, with a large group.
It could be as simple as creating a training video, then sending it out to your list via your e-mail autoresponder service.
Your sessions can also be one on one sessions.
One-on-one coaching will involve more of your time, therefor, your fee will be much higher.
Nevertheless, coaching is one of the best ways to generate income from your passion immediately, and your email autoresponder will streamline the process.
A. One on one
B. Group Coaching
Affiliate marketing
Promoting products and service to your list can be very profitable. The key is to promote products and service you know your list of subscribers want. While you can use YouTube to promote to your subscribers, promoting the via your email list is much more efficient.
You can create a campaign around one product and use the analytics to determine what additional products or service your customers want you to send them. Furthermore, you have an opportunity to promote multiple products within one email.
The beautiful thing about affiliate marketing is that you could promote multiple products that take care of a particular pain.
Conducting a case study for your subscribers, with a series of reviews of the product, creates huge credibility with your subscribers. They will trust you and buy more products from you.
Paid Events
Creating events for your market is a very efficient way to separate yourself as a leader in your niche.
The two types of event you can create are live events and pre-recorded events.
Your Live events can be an extensive live training or workshops. After the live event is completed, package the recording of the event and resell it as a product to those who missed the live version. This is all possible because of the communication between you are the people on your list.
While there are many other ways to turn the information you know and love into profit right away, these seven ways are the most utilized in the industry. That is how you can make money very quickly with your YouTube subscribers. Focus your energy on getting them from YouTube and into your email autoresponder.
