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.
Learning social media algorithms is never a good use of your time.
When you rely solely on social media as your marketing strategy, you limit the level of control you have over your audience.
The platform you publish content on controls how often your content is seen. That means the platform’s algorithm determines the life of your business.
On any given day, YouTube, Instagram, or any other social media platform can alter the number of people your content can reach. So, wouldn’t it make sense to take control of the number of times your content is seen by marketing to them via email?
Focusing much of your marketing efforts on building and nurturing your customer list is essential.
Think of it this way: if YouTube, Instagram, or Facebook delete your marketing content, how much of an effect would that have on the growth of your business? Having your content deleted is a genuine possibility. It happens more often than you might think.
On the other hand, suppose you are forward-thinking enough to migrate a portion of your followers from the social platform into your autoresponder system, which is independent of all social media, and your social media is deleted. You can instantly rebuild your following on social media by notifying them with one email.
Your ability to continuously sell your products and services is directly related to how you follow up with them to nurture a relationship, even when they no longer follow you on social media. No matter what product or service you sell, the money is in the list.
Your number of social media followers and likes means nothing if you are not actively getting them on your list.
The lifeblood of your business is the customers and potential customers stored inside your email marketing system (your autoresponder).
When one company acquires another, the primary asset being acquired is the customer list within the acquired company. Your list (customer Database) is the most critical asset in your business. If you are not constantly working towards building that asset, then you don’t have a sustainable business.
Click the link below to read more on how to position your business properly on social media.
Discover the joy and fulfillment of running your business with recurring income streams, a strategy that boosts your financial stability and ignites your entrepreneurial spirit.
It’s often said that you only have a business if you have a recurring income stream product in your product line.
Want to constantly sell “one-off” products monthly to reach your income goals?
Security in your business occurs by selling a product one time and generating income from that product month after month.
While physical merchandise is a solid choice, consider the vast potential of digital recurring income products and services. This forward-thinking approach will significantly diversify your product line and open up new avenues of success.
You already have products in your business you can convert into recurring income stream products. Membership products are some of the best products to offer. Here is an example of a few products you can create.
Create a monthly newsletter where you share inside tricks and strategies
Create a special membership where you give Monthly discount coupons
Create a membership where you group coach a selected few in your community
Recommend other people’s tools and service with a build in recurring payment to your community. That’s the affiliate model
NOTE: I will dive deeper into each of these recurring income strategies in an individual post.
You can create these products very quickly to complement your physical products.
The idea is to give away premium content they can only get inside your membership community. Any business can create a membership branch of its product line.
With recurring income streams, you can free yourself from the constraints of packaging and shipping. This means more time for you to focus on your passions and steer your business toward the future you envision.
Integrating digital products into your existing offerings adds another income stream and enhances the value you provide to your customers. They can access these products anytime, anywhere, and enjoy their convenience and flexibility.
If your existing offer is a physical product or a service, adding a downloadable product to complement your existing offers is even more critical.
Think of the digital products you create as versatile tools in your marketing arsenal. They can be used as enticing offers to attract prospects, as valuable bonuses to boost sales of your primary product, or as profitable up-sells to your existing product.
Here is a list of easy-to-create digital products your customers will love. Although easy to create, these products will increase your sales when combined with your existing products. They can also add another revenue stream to your bottom line.
A step-by-step Checklist
List of resource file
Project templates
Outline the strategy you have the most success with and deliver it to them in a series of videos
Your most successful formula delivered in the form of a video series
Successful swipe files
Success case studies
Scripts your customers can use to get faster results
List of your most used tools they can use in their business
Set by-step daily Lesson Plan
Daily and Weekly Planners
Worksheets that guide them to a solution
In-depth Workbook
Video training and tutorial
In-depth Digital Report
How To Guide
These are all examples of potential digital products that can be easily created and delivered to your customers. In addition, they help you build an additional product line:
While social media is a great way to build your brand and share your message, social media platforms must be approached as social spaces.
That said, your followers on social media platforms are programmed to scroll from one piece of content to the next, making it difficult to hold their attention for a long period of time.
Your primary objective should be to get your followers off social media and into your autoresponder to build an authentic relationship with them.
Use your autoresponder system (email service provider) to deliver content designed to educate, inspire, and sell your products. That is how you will create a personal relationship with your subscribers while reducing distractions from your message.
When an email subscriber opens your email, at that moment you have their attention, and your content should keep them engaged.
Email marketing is the secret many big brand companies like Walmart and Nike have figured out and have put into practice daily.
If mega companies like Walmart and Nike focus much of their marketing efforts on building their subscriber list, shouldn’t you?
When you publish content such as pictures, videos, and text, knowing the intention behind your post is extremely important.
Why are you posting on social media?
Are you posting to entertain or inspire?
Are you posting the content to educate?
Is it a combination of the two?
Regardless of your reason for posting, after each piece of content you publish, there should always be a Call To Action for your followers. Send them to your capture page with an irritable offer in return for their name or email.
Your time is precious, so why create and publish on social media with no solid intention? Create social media content that builds your lists.
Three Step Social Media List Building Formula
Step 1.
Create an irresistible offer you know your prospects will want. We will refer to that offer as a lead magnet. Use your lead magnet to bring all of your customers on your list.
Here is a Top 20 lead magnet ideas list you can use to quickly create and share on social media to further build your list.
A List of resource file
A Project template
Tips and secret strategies
A successful formula
A Cheat sheet
A Swipe files
A Case study
A Sales script
A tool kit
A List of tools
A Lesson Plan
A Planner
A Worksheet
A Workbook
A Free Video tutorial
A Free Report
A Free Guide
A Training video Series
A Free E-Book
A Checklist
A coupon Code
Step 2.
Share your offer with your YouTube, Instagram, and other social media followers. Invite them to take your offer, in return for their name and email address. (That is how they join your list)
Step 3.
From your Autoresponder, create exclusivity to keep their attention.
Deliver products and services your followers want and need.
That is how you will have complete control of your marketing and business.
