Author Topic: Any YouTube entrepreneurs here?  (Read 2203 times)

craiglepaige

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Any YouTube entrepreneurs here?
« on: May 06, 2017, 10:19:42 AM »
I've decided to start a Spanish YouTube channel dedicated to the MMM ideals, although on a more tamed way, and I would like to know if other members are profiting from YouTube?

I don't care if I make money because I absolutely love the topic of changing your mind and your finances for a better way of life, but if I can make some extra income, what's not to like? So in real life, I'm doing it because I like it, which I think will translate to the viewer.

I have already sketched out the first five videos and the plan is to start recording next week after I cut my hair lol. Don't feel like doing it now and I'm still learning Sony Vistas for the editing, so I need the extra week.

The plan is to keep the first five videos short, under 5min., and then see how it goes. If people want a longer video, I'll go ahead and make them. I guess it depends on the viewers. 

I understand that more, shorter videos will make a bigger profit because you can "sell" more commercials, but I absolutely hate when YouTubers chop up a video and have ten 1min videos as opposed to one long one. I hate it. But like I said, it will depend on the viewers.

Anyways, if you have been involved in YouTube as a business or as a hobby, any help is appreciated. What are the realistic expectations for it?

Thanks!
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ND

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Re: Any YouTube entrepreneurs here?
« Reply #1 on: May 06, 2017, 10:38:57 AM »
It seems like Adsense revenue is much harder to come by these days.  Patreon would probably be a good plan.  You'd just have to come up with some tiered rewards for your patrons.
If you plan on doing ads for sponsors, like Squarespace, Audible, Naturebox, Amazon affiliate links or whatever, I'd try to make the commercial segments at least a little bit entertaining.

If you want your channel to take off, the most important thing is to be consistent in your upload schedule.  Also, upload often enough that people won't be like "I don't remember subscribing to this" when your vid shows up in their subscription feed ;)
« Last Edit: May 06, 2017, 10:44:29 AM by ND »

CargoBiker

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Re: Any YouTube entrepreneurs here?
« Reply #2 on: May 08, 2017, 12:18:01 AM »
Think of Youtube as a Lead Generator, not a business in and of itself.

You will not get rich making youtube videos.


You will get rich, if these youtube videos send qualified traffic to your website, where you have multiple products that your traffic wants to buy.  So, in what you're trying to do, info products, consulting/training, etc.
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HipGnosis

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Re: Any YouTube entrepreneurs here?
« Reply #3 on: May 14, 2017, 11:07:23 AM »
Posting to follow.
I've got YouTube on my list of potential entrepreneurs tools.  The YouTube Editor will do everything I think I need (at least to get started).

I don't subscribe to the plan of X no. of videos Y mins long.   I have a list of topics and will let each topic determine the length.

How will you know if the viewers want longer videos?
I've seen broken up videos that were annoying and some that made sense.  It depends on the subject matter and how it's done.   
I've also seen videos with links to related videos in the notes; I like those and will learn how to do it.

First, I need to build my website...

ND

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Re: Any YouTube entrepreneurs here?
« Reply #4 on: May 14, 2017, 08:49:07 PM »
You could try uploading videos of different lengths, look in the analytics and compare the viewership and retention graphs.

Bracken_Joy

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Re: Any YouTube entrepreneurs here?
« Reply #5 on: May 14, 2017, 08:55:53 PM »
I don't have any personal knowledge on this, however I do have a podcast recommendation. Shay Carl did an interview on the Tim Ferriss show that I recall being a good listen. I think it was heavier on his life story than actionable business advice, but I do remember there being some of that in there. And since he's a youtube millionaire, it can't hurt to listen =)
http://tim.blog/2016/06/27/shay-carl/
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stashing_it

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Re: Any YouTube entrepreneurs here?
« Reply #6 on: May 19, 2017, 10:08:50 PM »
Posting to follow

Albatross

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Re: Any YouTube entrepreneurs here?
« Reply #7 on: May 22, 2017, 12:24:06 AM »
I was thinking of setting up a series of channels to report my progress on my hobbies such as golf, film and personal finance. It would be a mixture of vlogs and other videos.

I somehow imagine it could be a lot of work with little to show for! I will probably just stick to

whannah

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Re: Any YouTube entrepreneurs here?
« Reply #8 on: June 02, 2017, 03:01:27 PM »
A friend of mine from grad school quit his field to do YouTube full time. He makes a decent living by it. I think he posts about 3 videos per week.

This guy also does language stuff, speaks fluent spanish, but he found his niche while trying to learn Portuguese. He posted a video of himself speaking and someone mentioned that he should make videos for native Portuguese speakers trying to learn english. Most of his audience is in Brazil now and he's got over 500k subscribers.

His name is Gavin, and I'm sure he'd be happy to talk to you about it if you contact him (tell his Walter sent ya!).

His channel is called "Small Advantages"

Gavin also did an interview with MMM himself!
https://www.youtube.com/watch?v=Q0ockd3L8XY

martinspoonboy

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Re: Any YouTube entrepreneurs here?
« Reply #9 on: June 05, 2017, 01:37:21 PM »
Think of Youtube as a Lead Generator, not a business in and of itself.

You will not get rich making youtube videos.


You will get rich, if these youtube videos send qualified traffic to your website, where you have multiple products that your traffic wants to buy.  So, in what you're trying to do, info products, consulting/training, etc.

I work for a business making videos for YouTube. It's what I do each day for a living. There's money to be made in high volume views, branded deals and syndication.

SC93

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Re: Any YouTube entrepreneurs here?
« Reply #10 on: June 05, 2017, 04:41:18 PM »
I have a buddy in St. Louis that started a channel for fun when he started lifting weights. Then he started having trouble with his now ex-wife so he added his whole life basically. That included his lawn care business, his problems with her, the kids, lifting weights, etc. Soon it became just about his lawn business and his life in general. He has custody of his 2 daughters so they became more and more a part of the videos. By now he had a lot of subscribers.... a lot! Then someone from Youtube started causing him problems in his business because they were jealous. So, he closed out his lawn care videos and started making videos with his 2 daughters and they are KILLING IT! They get 400,000+ views regularly and they put out a lot of videos. His channel is Toy Freaks and Freak World. He is truly the nicest guy you will ever meet. They have millions of subscribers.

mozar

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Re: Any YouTube entrepreneurs here?
« Reply #11 on: June 08, 2017, 09:42:42 PM »
If I remember correctly you need to have 10,000 views total of your videos before youtube lets you put advertising on them.
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gredenko

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Re: Any YouTube entrepreneurs here?
« Reply #12 on: June 10, 2017, 12:48:10 AM »
If I remember correctly you need to have 10,000 views total of your videos before youtube lets you put advertising on them.

This is correct.

I'm currently trying to grow an NBA-themed YouTube channel, but I had a lot of views already before I started monetizing. It's slow but it seems like it could be okay after a few months.

Cezilous

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Re: Any YouTube entrepreneurs here?
« Reply #13 on: June 22, 2017, 08:03:40 AM »
Hi Craiglepaige, I'm just curious to hear how this is going for you?  I started streaming at Twitch.tv a little over a month ago, and am still learning the ropes and stuff.  You are basically the only other person I've met (in "real life") that is trying something like this out and I'm super curious to hear how your experience is, if you don't mind sharing?

Thank you!

hodedofome

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Re: Any YouTube entrepreneurs here?
« Reply #14 on: June 22, 2017, 02:43:51 PM »
I dabbled in this before. From what I gathered, you need to focus on creating a community and realize a lot of the youtube millionaires are basically reality tv show stars. I (and especially my wife) wasn't comfortable making a reality tv show about our family.

There are youtube networks that you can join once you get some traction. They are basically like an agent or music label. They send traffic your way, help you with your brand, try to grow your channel. They obviously take a cut of the revenue for their service. There are pros and cons to doing this.

I uploaded a Bon Iver concert video to youtube a while back. It has over 200k views and I made about $100 off of it. About the only thing that came of my short-lived effort. And of course I wasn't trying to make any money off that one, it was an accident.