- Here's the key to making money on YouTube, guys.
The size of your audience does not determine
how much money you actually make here on YouTube.
It doesn't, YouTube doesn't pay you for subscribers.
But let's say that you had around 3,000 subscribers,
how much money could you earn from that?
Well here at this channel, Video Creators,
when this had only 3,000 subscribers,
it was generating about $10,000 a month.
However, a friend of mine has over a million subscribers
and that person is literally only making
a few hundred dollars a month.
What I wanna do in this video is share with you
some stories about creators who have
relatively small subscriber counts
and are literally earning millions
of dollars a year on YouTube.
And I'm gonna talk to guys about how you can do the same
as long as you do what they do.
That's coming up.
Hey guys, welcome to Video Creators.
My name is Tim Schmoyer and here we are all about
helping you guys grow your YouTube audience.
You can spread a message that reaches people
and changes their lives.
And the only way you can make that sustainable
is to earn enough money so you can form a team
and all the equipment, everything you need to do to grow
and really reach people and change their lives.
Unfortunately, there is a common misconception
among creators on YouTube,
that once you get to a certain audience size
and subscriber level,
that the money just somehow just appears and it doesn't.
In fact, I work with one creator who had over
6 million subscribers on YouTube
and their channel was earning less
than this channel was with, at that time,
around 150,000 subscribers.
But on the other hand,
I know a creator who has only a few thousand subscribers
and they are earning over $2 million a year.
Yes, $2 million a year, how did that even happen?
Well, in his case, he's actually an insurance agent
and he talks about different insurance plans in his videos.
And whenever one of his videos leads to a sale,
he gets compensated for that leading up to over
$2 million in revenue with only a few thousand subscribers.
But you're probably not an insurance agent.
I know I'm not, so how does that work for us?
Well, the general principal is still the same and it's this,
do not leave your monetization strategy in YouTube's hands.
Just don't do it, especially if you're banking on AdSense,
like that's a system you don't control
and it's the best way to make
the least amount of money on YouTube.
And it's stressful, too, going from month to month
trying to keep your views up
because if your next videos don't perform as well,
then you're gonna earn less the next month.
It's just not the kinda life I wanna live.
Let's do some simple math that I think that you'll agree
that there's a much better way to do this.
Let's just assume maybe you make $2
per 1,000 views through AdSense.
Some channels make a lot more, some channels do a lot less,
but for the sake for our example,
we'll just say $2 per 1,000 views.
And let's say that you have a $30 product
that you'd like to sell.
And each time you pitch that product
naturally as a part of your content,
you convert about 1% of your audience into a sale.
1% of 1,000 views is 10 sales at 10 sales at $30 each,
that's $300 for 1,000 views for the same 1,000 views
that YouTube would otherwise pay you $2 for.
And actually, that is my math for my $30 ebook
called 30 Days to a Better YouTube Channel,
which you can find a link down below
if you're interested in checking it out.
If you do that kinda math on your channel,
you can earn a full time income much sooner,
much more quickly than you could
if you're just doing AdSense and brand deals alone
because now we're actually taking about the potential to do
over a thousand dollars per video
if you have a few thousand engaged,
loyal fans there on your channel.
This isn't just something that works on my channel,
this can absolutely work for you, too.
In fact, just a few weeks ago,
I got an email from Jenny Champion who wrote and said this.
"Hi Tim, I'm Jenny.
"I just had to message you!
"I finally started making videos
"and on my third one,
"I sold a $99 diet-plan with only 143 views.
"I instantly thought of you
"and your 1% conversion on your $30 ebook
"when you first started.
"This is amazing!"
Yes and that's exactly how this works.
Here she is with only three videos
and 143 views and she already made $99.
With this type of approach,
you don't even need to wait for YouTube
to enable monetization on your channel.
You can just dive in
and start making money on your channel right away
because you have not only a plan
to deliver good value to your audience,
but you also have a plan of how to
capture good value from your audience.
That could be maybe with channel memberships,
with Patreon, digital products,
maybe you're gonna sell some kind of online community
or events and meetups or maybe an online course
or something else.
You need to know exactly what value
you're providing through your channel.
You need to know exactly who wants
that value that you're providing
and then you need to sell 10X that value
in a format people are willing to pay for
just by naturally integrating that into your content.
And that really seems to be the skill
that a lot of creators kinda get nervous about.
It's like I don't wanna sell,
I don't wanna feel sleazy or too pushy
or I don't want like, you know, I get it.
We're gonna talk more about that in future videos,
but let me maybe give you an example right now
maybe what that could look like.
I have a 50 minute training here on YouTube called
How to 150X Your YouTube Income With a Business Plan
and it is a step by step process you need to follow
in order to get the kinda earnings
that some of these other creators are making on YouTube.
So, to answer our question, how many subscribers you need
in order to make $1,000 a month on YouTube?
Well, not very many.
In fact, I think you could do it
with less than 1,000 subscribers
with a business plan wrapped around your content.
So click this video
and I'll see you guys over in the next one.