In recent years, monetized YouTube channels have become a popular way for individuals to earn passive income and build a side hustle. With billions of users and endless potential for creativity and engagement, YouTube offers a unique opportunity for anyone to turn their passion into profit.
So, why is starting a monetized YouTube channel a great side hustle and passive income revenue stream? Let's explore some of the benefits.
One of the biggest draws of starting a monetized YouTube channel is the potential for earnings. YouTube creators can earn money through various means, including ad revenue, sponsorships, and merchandise sales.
Ad revenue is the most common way YouTubers earn money. Once your channel has reached 1,000 subscribers and 4,000 watch hours in the past 12 months, you can apply to monetize your channel through Google AdSense. This allows ads to be displayed on your videos, and you earn a percentage of the ad revenue generated.
Sponsorships are another popular way for YouTubers to earn money. Brands will pay creators to feature their products in their videos or sponsor an entire video. Merchandise sales, such as t-shirts or mugs, can also be a source of income for YouTubers with a dedicated following.
Many YouTubers have turned their channels into full-time careers, with some earning millions of dollars each year. PewDiePie, a Swedish YouTuber, is currently the most subscribed channel on YouTube with over 110 million subscribers. He reportedly earns over $12 million annually from his channel.
Other successful YouTubers include beauty guru Jeffree Star, who has a net worth of over $200 million, and gamer Markiplier, who reportedly earns over $19 million per year.
Starting a YouTube channel is relatively easy and affordable. All you need is a camera (even your smartphone camera will do), an internet connection, and a free YouTube account. You don't need expensive equipment or a production team to get started. You don't even need to show your face or record your voice if you don't want to.
Additionally, YouTube offers a wealth of free resources and tools to help you create and promote your content. The YouTube Creator Academy, for example, offers free courses on everything from video editing to audience engagement.
If you're interested in starting your own monetized YouTube channel, there are some actionable tips you can follow to increase your chances of success, which "bye 9 to 5" shares in his FREE course on youtube monetisation.
Consistency is key when it comes to building a successful YouTube channel. Aim to upload new content on a regular schedule, such as once a week or twice a month, engage with your viewers by responding to comments and creating a sense of community around your channel. This can help to build a loyal following and increase your chances of earning sponsorships and other income streams.
A successful YouTube channel can be a great side hustle or passive income stream for several reasons. First, it offers flexibility in terms of when and where you work. You can create content from the comfort of your own home and work around your existing schedule.Additionally, a successful YouTube channel can continue to earn money even when you're not actively creating content. As your library of videos grows, so does the potential for ad revenue and sponsorships.
There are many benefits to starting a successful YouTube channel as a side hustle or passive income stream. Here are a few of the most significant:
As a YouTube creator, you have the flexibility to work from home and create content on your own schedule. This is ideal for those looking for a side hustle that can be done around other commitments like work or school.
Once your channel is up and running, you can earn money even when you're not actively creating content. This is because ad revenue and sponsorships continue to roll in as long as people are watching your videos.
Creating content for YouTube can be a fun and rewarding creative outlet. It allows you to express yourself and share your passions with others. A successful YouTube channel can help you build a community of like-minded individuals who share your interests and passions. This can be incredibly rewarding and can lead to new opportunities and collaborations.
Emily from Emi Wong Fitness started her YouTube channel as a way to share her fitness journey and workouts with others. Today, she has over 2.5 million subscribers and has turned her channel into a full-time career, offering online fitness programs and merchandise.
Graham Stephan started his YouTube channel as a way to share his personal finance tips and strategies with others. Today, he has over 3 million subscribers and has turned his channel into a full-time career, offering financial advice and real estate services.
Erin on Demand started her YouTube channel as a way to share her digital marketing knowledge with others. Today, she has over 130,000 subscribers and has turned her channel into a successful side hustle, offering digital marketing services and courses.
Starting a successful YouTube channel can be a great way to earn passive income and build a side hustle. With the low cost of entry, free resources, and the potential for high earnings, there's never been a better time to start creating content on YouTube. By following the tips outlined in this post and staying consistent and persistent in your content creation, you can turn your YouTube channel into a successful side hustle or passive income stream.