YouTube now has channel memberships. So, you can make money by people becoming a
member of your channel. One of my channels is huge. It definitely qualifies
for this program. So, we're going to go in I'm going to take you through real-time
of what it takes to set it up and I'll give you a tour and I'll show you what
it's like.
There are several ways to make money on YouTube. One of them is advertising
revenue. Now, my strategy was never really to focus on ad revenue. And I didn't know
that it becomes significant because I knew that my videos would not go viral
and get millions of views. Or so I thought. Now, I still haven't had a video
go viral but I've had you to promote my content for me and I've gotten millions
of views that way. In fact, I had one video that's paid me 42,000 dollars in
revenue just from filming one video. I made another episode to go into detail
on that specific strategy. So, I'll link to that right there. It's my video on how
I made $42,000 with one episode. Another way that you can
generate revenue from YouTube is by using YouTube as a lead generation tool.
So, if you have a business. you have products or services that you sell, then
you give value on YouTube. And when people have received value they then
want to go to your website and they buy what you have. Now, this is real. One of my
channels is bringing in between 5 and 6 hundred thousand dollars every
single month just from YouTube leads. Just from YouTube leads. This is awesome.
So, now there's a new way. People can become a member of your channel. But wait,
doesn't that sound a lot like patreon? Now patreon is very very similar. And if
you don't know what patreon is, it's a separate website. It's a separate company
that allows you to get contributions from your fans. It's kind of like
crowdsourcing for creators. So, whether you've got a YouTube channel or a
podcast or you're an artist of some sort, people can go to patreon and become a
patreon of you and your channel and your content. And so for example, you might say
I will pay you $1 for every episode that you upload to YouTube. Or I'm just going to
pay you $10 a month. Or I feel like really contributing. I want to pay you
$100 every episode that you make. Now, in patreon and the same thing applies in
channel membership now on YouTube, you can give different levels of perks. So, if
you pay this amount per month or this amount per video, you get a sticker. This
amount, you guys get a t-shirt. This amount, you can come and travel with me
on my private yacht. Yeah, I've seen that. That's
actually a channel called Sailing La Vegabonde. If you want to go travel with
them on their yacht become a patron and they might draw your name to come join
them on their yacht. Now, there is a minimum requirement. To qualify to have a
channel membership program on your channel, you need to have 30,000
subscribers. So the Nate Woodbury, channel I'm almost there. I'm almost
there. I'm almost at 29,000. So pretty soon I'll be at 30. At the end of this
video, I'm going to do a poll and ask you a question if you think I should do a
channel membership. But let's dive into my computer. We'll open up the Kris Krohn
channel and we'll set up a channel membership there. Okay, I'm signed into
the analytics on the Kris Krohn channel. I'm going to come over here to monetization.
Now, right here, there's this option that says memberships. So, if I click that, "see
more" a few screens here join other successful creators who are an extra
income from memberships. Your fans pay for special perks. Get inspired. Alright,
you can learn about different types of perks. You can see examples. There's a few
channels there that they feature. Your members come first. So, you can also give
them special badges and emojis that they can use in your comments to make them
stand out from other people's comments. That's kind of cool. So, let's see what
happens when I hit and get started. Alright. So, I've got a little progress bar
here it says that I'm 0% complete. But I can start... Looks like there's some
trainings and some steps to go through. So step one is to add a levels and perks.
I can create a single membership level or offer multiple levels and prices. Then
I can do badges and emoji and it says that "This is all about personal
connection." So, that it just really helps as it says here. Your biggest fans stand
out from the crowd, in comments and in live chat. Then I can put out a video
that encourages people to join the program and then you can post to welcome
new members. Okay. Well, here's the thing: You can give exclusive perks and content
just to your members. So, there's some videos that you can send public but then
there's other videos that you can make and only send to your members. You can
give them behind-the-scenes content or do live Q&A sessions with people for a
membership. Okay, when I come in here and click on step one hit start, there's more
videos here for training. So, I recommend you watch those.
But it wants you to offer 3 different levels of prices, it says that
that'll boost your revenue. These are just suggestions here. You can set your
own prices and I don't know what the limits are. But I know you can go higher
than the $50 membership. Alright. Now, I wanted to show you this one about
uploading videos. Says, you can upload videos which only our members can watch.
But be aware that if one of your members reshares this video, it may become
visible to other members as well. I wouldn't be too worried about that.
So, if I want to set level one, I give it a name I could call it, this is the "Hero
level membership." You know, and I could set a price point and it does look like
they set a max. So, you can't type in a manual dollar amount. It looks like you
do have to have a max of $50. So, let's say for this first level, I'll
have $10 a month. I wonder if I go up to level 3. It still shows for level
3, a maximum of fifty dollars a month. So, hmm... That's interesting. I would have
expected there to be another option. So, this is much different than patreon.
Because on patreon, you can offer some pretty big perks and you can go much
higher than 50. Now, how many people are going to do that? It's just going to be a rare
few. So, maybe the people that are willing to do something like that, you do it
outside of our membership site. Now, here's one big thing: Pay attention to
this fine print right here, it's really small. They do... I say fine print they. Do
publish this everywhere. YouTube keeps 30% of your revenue. Ouch! Ouch! I
wasn't expecting it to be so high. I really like it. I think that this is
great that it's right on YouTube and there's going to be a lot more people that
will subscribe right within YouTube and the fact that there's interactive
features right on YouTube is really good. 30%, that is pretty steep. So, I'm betting
that that'll improve over time. That's just my bet. After you set it up,
they're going to have somebody review it. You come down here and submit for review
on which I'll does to cancel. I mean YouTube wants you to succeed. The more
memberships you get, they get 30% of that revenue. So, your... This is another way of
becoming a partner with YouTube. Now, here's another reason why I'm actually
in favor of this program. They already have a partner program where
they share ad revenue with me. And when I decided to take on the mindset, "You know
what? If I make a video that makes YouTube money, they will promote that
video." And then I get 55% of that ad revenue. They are so generous
with that. They have promoted so many of my videos. I've made so much revenue in
return and it's really grown my channel that I know YouTube has my best
interests at heart. Our interests are aligned. We are partners. And by becoming
partners with YouTube on this YouTube monetization, I feel that if I really
focus on this strategy and want to monetize my channel through membership,
YouTube's going to help promote that and really encourage that because we have a
vest vested interest. We are partners. That's something that can't exist on
patreon. Because patreon is not the promotion engine for my channel. YouTube
is the promotion engine and yet my memberships would be over at patreon. But
if my memberships are right here on YouTube, now I have a partner. If my
memberships are successful because they're getting 30% of that membership
revenue, don't you think that they would promote my channel? It's really worked
for their partner program in ad revenue share. I believe it's going to work here too.
So, I've got a serious question for you. I'm going to put it up here as a poll. When
I hit 30,000 subscribers on my Nate Woodbury channel, would you value
being a part of a membership program on my channel? And at what level would you
value it? This is not signing you up this is just a poll. So, I'm going to put
different options there like, I'll put $1 I'll put $5 a month. I'll put $10
a month, I'll put $25 a month and I'll put
that highest one to $49 a month. Some of the perks that I'm thinking of providing
in my membership is that you can submit questions to me and I will respond in
video form and send that video privately to the membership. So, you'll be able to
get coaching from me. Now, just to put that in perspective, when people hire me
for hourly consulting, the real rate that I charge is a thousand dollars per hour.
In fact, earlier this week I just did consulting with a client that hired me
four hours of consulting for $4,000. So, this isn't a sales pitch yet. I'm
considering doing it. And I just want some feedback if you would value it.
Would you value having access to me through questions through a level of a
membership? And what would that be worth to? Again, I'm not signing you up. I won't
get your information. They're not going to send me in this poll who clicked on this.
They're just going to tell me the percentages. So, would you value something
like that at a $1 a month level? At $5, at $10? At
25? At $49 a month? That would be really helpful feedback.
you