I don’t like making this kind of video but you all keep asking and asking for and it
has been a long time since I gave you a monthly income update so today I'm going to breakdown
exactly how I earned $28,300 this past month including revealing my biggest source of income
which I think is really going to shock you and hopefully give you some tips and motivation
on how you really can do the exact same thing.
Alright, let's jump right into it.
what is going on at wanna I hope you are all having a fantastic day.
So there's a very specific reason why I decided to post this video today which is February
4th of 2022 and that's because today actually marks the two-year anniversary since I posted
my first video here on YouTube.
I've talked about that process and my journey before and how awful my videos were for a
pretty long time but here we are just two years later coming up on 300 videos and I
am still loving making this content helping you all find the best financial tools and
strategies for you and I've been very blessed that it also generates more income than I
ever thought it would.
So let's get started with that income breakdown but I do just want to take a second to say
thank you all so much for continuing to support my content and watching these videos because
you have literally taken me from a guy in his college dorm room talking to an iPhone
to someone who gets to do what they love every single day and hopefully adds some value to
your life in a small way as well so for that I again say thank you so much.
Alright so of 2022 was one of the best months not only for my YouTube channel but for me
financially on a personal level.
And obviously, this goes without saying at this point but I hope you all know that I
never ever make these income breakdown videos to brag flaunt anything because I again say
it without all of you 90% of this income would not be possible because big surprise a lot
of it is tide to this YouTube channel.
So there are honestly countless income sources because I'm a part of several different affiliate
programs and there are a lot of fantastic sponsors that have supported my content but
really everything falls into one of four buckets.
First, you've got the most obvious which is Google AdSense, direct income from sponsored
content, affiliate income from the different platforms that I talk about on the channel,
and as I've mentioned before I do still have a regular nine to five job that takes up a
majority of my time.
So of those four buckets let me go down in the comments section which one you think is
the largest source of income because again I think you are really going to be shocked
so let us know down below and let's see if you got it right no cheating!
Like I said the first income bucket is Google AdSense and that's the most common way that
YouTube channels are able to monetize their content.
I won't get into the details of the YouTube partner program because there's tons of great
content about that but it took me about seven months to meet the requirements in order to
start running ads on my channel and my first month being monetized was in October of 2020
and in that month this channel generated just over $1000 in Adsense revenue.
And honestly, $1000 was insane to me considering at the time I only had maybe 2000 subscribers.
Flash forward to today in the AdSense revenue has seen slow and steady growth just like
my entire channel and in January of 2022 this channel generated just shy of $5600 in Adsense
revenue which again is insane.
I get that to some YouTubers that might be peanuts but to me, that's a pretty awesome
number especially because for me at least it's fairly consistent and this was my biggest
month in terms of absence despite the fact that January is typically one of the worst
months for Adsense revenue so that's pretty cool as well.
Before we move on to the next income stream I do wanna point out something really important
which you may already know but that is that the CPM and RPM which is essentially the amount
that I get paid per 1000 views on my channel is ridiculously high because of the niche
that I am in.
So you can see here that my CPM in January was over $41 and by RPM was over $28 and that
might mean nothing to a lot of you but those are really really high numbers and that has
nothing to do with my efforts it all has to do with the topics of the videos that I talk
about so just something to keep in mind if you are starting your own channel and looking
at your numbers and wondering why they might look a little different but to that, I say
don't compare yourself to others especially on YouTube because trust me it will rob you
of all of your joy.
Alright Next up we've got a stream of income that fluctuates drastically and it's been
as high as $10,000 in a month and as low as zero but that would be direct income from
the wonderful companies that have sponsored videos across my channel.
Now I don't do these videos very often and some months I won't do any sponsored content
and that's just because I am incredibly selective with what companies I talk about because I
have never and will never talk about a platform if I don't truly believe in it and think that
it is a good product.
So as a result I turned down about 99% of the offers that I get but every now and then
a company reaches out with a fantastic product and while I obviously cannot disclose specific
numbers for specific sponsors, the way that this usually works is though either pay an
upfront fee for making a sponsored video or they will pay affiliate income for each person
who I get to sign up for their platform or sometimes it'll be a blend of both.
Again can't give specific numbers but I will say that in January of 2022 this channel generated
roughly $6000 from upfront fees for sponsored content.
And that is awesome but again this is an incredibly volatile income source just because some months
there might be a lot of companies that reach out that are a great fit and other months
it might just be a bunch of junk and as a result I don't do any sponsored content.
So to every company that has ever sponsored the channel, thank you, and trust me I wouldn't
talk about your platform if I didn't truly believe in it and if you've ever signed up
for one of my sponsor's platforms then thank you to you as well.
Alight we've got two revenue buckets remaining including my largest source of income which
at this point you may have figured out but the third income bucket which is by far the
most consistent and self-explanatory would be income from my nine to five job.
Now I won’t bore you to death too much with this one because again it's pretty self-explanatory
but this is your standard W2 income and for anyone that cares I work as a business analyst
and actually get paid hourly which is nice because then I get overtime pay if that applies
so this one fluctuates a little bit but usually I make around $4,100 per month from my nine
to five job.
And I'm sure some of you will ask because you have in the past but the reason I still
spend so much time on the smallest source of income is that number one I love what I
do at my job and I really love the people, it's a small local company that is not difficult
to get to, And most importantly this is my most stable form of income and I fully realized
that this YouTube thing is probably not going to last forever and while I plan to do it
as long as I can, if and when that well does dry up I know that I will need something to
do not only to support myself financially but just to keep my mind fresh and keep my
skills sharp so that is why I still spend 40 hours a week on my smallest source of income.
Alright and I'm sure you figured it out by now but the 4th and final stream of income
and by far the largest is affiliate income through affiliate marketing on this channel.
Now I never thought this would be the largest source of income but over the past several
months it consistently comes in at #1 and I know I've said it a million times already
but again that really is thanks to all of you because if you didn't sign up for the
platforms then none of this would really be possible.
So I'm sure you've heard of affiliate marketing before but essentially in my case I make a
review on a particular platform, put a referral link to that platform in the description,
and every time someone signs up I get a small payment.
Now that payment fluctuates drastically since some platforms pay $1 per signup and other
platforms pay $100 or more depending on what the product is.
And the best part about affiliate marketing, if you were just getting started with your
own YouTube channel, is that you do not need to be a part of the YouTube partner program
and you do not need to have a large following in order to earn income from affiliate links.
You can go buy a product from Amazon make a review about it and put your affiliate link
in the description and you will get a cut of that revenue every time someone buys that
product through your link.
And actually, during those seven months at the very beginning when I was not monetized
on Google AdSense, the only source of income I had from this channel was through affiliate
marketing and that was really the seed funds that allowed me to reinvest back on this channel
and build out the studio and I was making like 1000 bucks a month from affiliate marketing
with just a few hundred subscribers so seriously if you are just getting started and you feel
like it's gonna take forever I highly recommend looking into different affiliate programs
plus as your channel grows those links will continue to generate more income which was
definitely the case for me.
So affiliate income really fluctuates a lot but like I said it started off with just a
few $100 two years ago and I can't believe I'm saying this but in January of 2022 this
channel generated $12,700 in affiliate income.
Now it would be incredibly difficult to go through every single affiliate program and
there are probably a lot of legal issues with that but there are about 20 different affiliate
programs that are spread across my channel several of which I link in the description
of every single one of my videos and it's really just that simple.
Talk about a product and add value, put a link in the description people sign up I get
paid, and a lot of times the person signing up gets paid 2 which is a win win for everyone.
So if we add up the $5500 from Google AdSense, roughly $6000 from sponsors, the $4100 from
my nine to five job, and the $12,700 from affiliate income, that means that in January
of 2021 this YouTube channel generated $28,300 which is absolutely insane.
I'm really just trying to take it day by day because I know that this is not going to last
forever and also keep in mind that number one taxes suck and eat away at a huge chunk
of that and also running this channel does cost a lot of money which I have made a video
on if you're curious but just this studio alone was over $10,000 so I'm definitely not
netting $28,000 but don't get me wrong it is still an insane number that I am incredibly
grateful for.
Thank you again for supporting Magnified Money over the past two years and don't worry we
are just getting started and have some really exciting announcements coming soon!
As always if you did get value out of this content and you want to help support me the
easiest way to do that is actually by checking out some of my favorite financial tools down
in the description below including one offer from the point cash back debit card that will
currently give you $100 when you sign up and make your first purchase so be sure to check
that out using the link down below.
Be sure to hit the like button and subscribe to the channel for more content like this
in the future and of course, thank you so much for your time I really do appreciate
it so much take it easy and I'll see you in the next one!