when life gives you lemons
ah sour by the end of this video i'm gonna explain two big brain ideas of how i'm gonna
make six figures by the end of this year on passive income alone if you watch to the end
i have an announcement surprise that i hope you guys are going to love no like no love
and we haven't had a pleasure to meet you my name is andrew that's professor meatball we
are silicon valley data scientist here in the greater bay area and today i want to talk to you
about a great desire of mine it's to be monetized are you unfamiliar with how it is to be monetized
on youtube a lot of people are surprised fellow youtubers fellow data scientists fellow watchers
it's surprising that i've created over a hundred videos i've been on youtube for over 200 days and
yeah i still don't have the sexy the beautiful 4 000 watch hours necessary to become monetized but
i will tell you in this video exactly how i plan to make a six figure income with passive income
this year in 2021 in a previous video i talked about exactly all of my nine streams of passive
income that i aggregated in the year 2020 boosting up my total base income by 50 well that's peanuts
peanuts 50 of a six-figure salary is not a six-figure salary we want to make six figures
while doing nothing at all so passive income doesn't mean that you do nothing and then you
get something passive income means that you are revving up the engine putting a little gasoline in
and then having it be a virtuous cycle something that that doesn't actually require your one-to-one
time to money output so i'm gonna tell you exactly how i'm gonna rev up each of my passive
income sources starting with the monetization part when creators are monetized on the youtube
platform then youtube starts to pick them up in the algorithm this is tip number one you want to
be able to try to rush to getting monetized which means putting out consistently good
quality content that is at least 10 minutes long so that you can come back to an average watch
time a retention of around 50 or up to 33 if your video is you know starting to get to the point at
which editing and flavor and content makes the viewer want to stay until the very end and that
gives you an average of four minutes of watch time times off 500 to 1000 views then you're looking at
somewhere between 33 to 50 hours of watch time per video now let's see the lower bound of that and
say 30 hours of watch time per video then you're going to be looking at somewhere around 133 videos
you need to make 133 consistent videos in order to be able to reach that 4 000 watch hour or you
could just get one video that blows up and gets thousands hundreds of thousands millions of views
and then just get over the 1 000 subscriber mark and you're golden youtube is reluctant
to show unmonetized videos because they could have shown a monetized video in its place so
when you do get monetized youtube takes 45 that's roughly 50 of all the hard work that you've done
but to be fair they hosted the platform you take 55 of your total earnings and youtube
now greatly incentivized by the fact that your videos are monetized decides how much money
you make based on a rpm or cpm a cost per mill is exactly what other advertisers are willing to pay
because of the content on your channel and i've talked about this in my blow up on youtube video
i've talked about this in the youtube algorithm video but most importantly the thing to remember
is that everything that you say everything you include your descriptions and tags and your
title and thumbnail all matter to the advertiser an average cpm for the industry is around one
dollar to two dollars so that means that for every thousand views you're gonna make one dollar to
give you guys a sense when i'm making data science videos and popular content that is fit for my
audience then i get to see around 2000 views every 48 hours if i'm making silly content or comedic
content and stuff that doesn't really make as much sense for my audience then i'm seeing around 1 000
views every 48 hours that means every two days if i had an rpm or a cpm of 1 to 1 000 views
then i would be seeing a dollar every 48 hours so not quite to the six figure mark but you have to
understand that blowing up is usually right after you get monetized on youtube but i'm not here to
make one dollar per thousand views i'm here to make the tech or the financial youtuber content
cpm which is around gosh i'm anywhere between five to fifty dollars if you are a gram stefan
type millionaire youtuber then you're likely gonna be making closer to the upper echelon of 20 to 50
dollars per thousand views still that's small penis with the amount of views that i currently
have but what i'm hoping to do is catch the youtube algorithm once my videos are monetized
when you do get monetized that's when your videos can just blow up after around you know a year or
five years after posting that's because youtube is looking at your click-through rate your ctr
and whether or not it's still within industry standards probably around after that long after
posting somewhere between above one percent up to five percent click-through rate that means five
out of 100 people are still clicking on your video even though it's old and dusty that's why you want
to keep your videos bombastic interesting in the thumbnail and title as well as evergreen making
sure your videos are not just about the news or stimulus checks at the time i see a lot of small
youtubers creating content that is not going to be evergreen because they want to ride with
the larger youtubers that is a tactic by itself but remember when you do become monetized your
old videos that are time-based specific are not going to catch the wave that youtube wants you to
okay so that's my plan in 2021 for being monetized and making passive income through advertisements
my second plan is ramping up my own business yes i am tired of seeing these millionaire 25 to 26
year olds on my lawn i want to be able to start becoming one of them i want to start being able
to build out a product that i love and something that i would use myself i am a mentor for a
growing number of people as of last taping i was a mentor for around two dozen people now i've become
a mentor for a few dozen people coming on to half a hundred people that's a weird way to say it but
i'm starting to become a mentor that is growing out as bandwidth and wants to start spreading his
wings to creating his own course this course is gonna be a lot more specific than the 66 day guy
which is usually for the more general population of people looking into becoming a data scientist
however courses like this already exist out in the metaverse so that's why i want to be able to ask
you in the comments would you be interested in a course that builds a project end to end that
focuses specifically on helping you become a data scientist in the shortest amount of time
possible by proving to the world that you have the experience to start getting experience the
most important thing about data science is that you could spend all of your life learning it in
your bedroom but the industry won't accept it until you get some experience under your belt
that's why the main goal of this course is to get you hired starting a business from your bedroom
is going to be a hot topic that's why i want to start a hashtag business from your bedroom it is
something that i've talked to a lot of my silicon valley expat friends i would say people who have
left the midwest and the east coast to come and work in silicon valley but then realize that
they didn't have to stay here for the pandemic and are now living with their parents rent free
these people are finding a lot of time on their hands that would have normally been
dedicated to seeing friends playing games with friends going to movies with friends you get the
picture the main point is that everybody has time now then that's time dedicated either to learning
or to building and hopefully i'm going to build something that people are going to love
that's my promise to you guys now it's out in the ether so i have to start actioning on it
as always i have a piece of trivia about data science but today i'm going to make it a riddle
to see if you guys like that better mr and mrs mustard have six daughters and each daughter has
one brother how many people are in mr mustard's family leave your comments down below and you
might get a consultation for me the last one is for gregory watson he actually has a really cool
youtube channel as well and i want to plug it down here if you want your youtube channel plugged in a
following video then go ahead and screenshot this video tag me and remo money on instagram and you
will likely get a shout out from me in the near future as always for now but not for forever peace
look he's a golden dog he's having a he has a halo oh nice