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How to Make 6 Figures on YouTube and Keep Your Day Job

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You’ve probably heard of PewDiePie, the most subscribed-to YouTuber in the world, with more than 100,000,000 million people following his channel and an estimated net worth of $40 million. I wanted to find someone in my own sphere who had been successful on Youtube. So I interviewed my colleague Sydd, who works full time at a consulting firm and also makes six figures from his YouTube channel, which has just over 100,000 subscribers.

Here are 5 ways you can make 6 figures on youtube and keep your day job:

1. Know your reason why 

Starting a YouTube isn’t the fastest way to earn money, so it takes commitment to get results. As of 2020, you need to have 1,000 subscribers and 4,000 hours of watch time in the last year to monetize your channel. 

The reason I started my channel was to have creative freedom after a reorganization at work. I realized I never wanted to rely on someone else for my future and freedom. He says, “I also wanted to hold on to my employer benefits and salary because even in the best of times, my Youtube income fluctuates a lot. So for me, the challenge became how to balance both things.” 

Syd says that habits like waking up at 5:00 a.m. every day for a year to work on his channel are what helped him to grow so fast. To new Youtubers, he recommends posting “3-5 times a week to get momentum.” He still posts 4-5 videos a week and says you must be consistent to make big money on YouTube. 

2. Create a business strategy with multiple streams of income 

Can I let you in on a secret? The smartest YouTubers don’t rely only on Google Adsense revenue to make money on YouTube. If you don’t already know, the main way most Youtubers make money is by getting paid for advertisements being shown on their channel. 

Rates can vary from $2-$10 per 1000 views, depending on the video topic (finance has one of the highest payout rates on YouTube.) Think about your channel topic and other ways of making money that fit with your niche.

For example, beauty channels can make money through affiliate marketing and brand partnerships. Life coaches can make money by promoting a course or 1-on-1 coaching. So think bigger than just relying on Adsense for your income. Better yet, focus on building a few different revenue streams from the very beginning. 

By coming up with a simple business model for your channel, you can start making money before you even hit 1,000 subscribers, and if one revenue stream falters, you’ll still be bringing in income. 

3. Just get started

When I first started my channel, I didn’t expect to be making a 6 figure income in a year. I just committed to making videos almost every day. Here I am, a year later, with over 100,000 subscribers and a six figure income. My biggest piece of advice would be to focus on taking action every day to reach your goal. 

I started out with just my desktop computer and free editing software. Even though my early videos weren’t the greatest, they were enough to get me my first subscribers, and that motivated me to put even more time and effort into each video. 

Now I have a professional editor and project manager on my team, and I focus on coming up with video ideas. I also hired a YouTube consultant to review my business model about 11 months in. As you grow, make sure to get support so that you can keep your creativity going and not get slowed down by administrative tasks like editing and uploading videos. 

4. Learn from the comments (and ignore the rest)

No matter how much time you put into making your video perfect, you will at some point get a cruel or hateful comment. Syd says that “in the early days of my channel, the sound quality wasn’t the greatest. I used to get upset when people would comment on it, but then I upgraded my sound set-up. Guess what happened next? People started watching my videos for much longer and I earned more.” 

It’s hard to not get upset about it. Here’s the thing, you must learn to tell the difference between a comment from a troll and a comment that you can genuinely learn from. If you can find the constructive criticism in the comments, you can learn a lot. Remind yourself that your self-esteem (and success) do not depend on what you read in the comments section of your videos. 

5. Choose the right niche – and don’t be afraid to change course

This is my third attempt at starting a successful YouTube channel, since I got started on the platform in 2014. My first channel gained 3,000 subscribers and my second got 48,000. If I would have quit after my second channel plateaued, I never would have gotten to the point of making a full time income. 

“I looked at other channels in my niche, and looked at what they did well, and what I felt I was still missing as a viewer. Then I tried to fill that void.” says Sydd. Persistence pays off in business. If you can reframe failure as one step closer to success, you’ll eventually succeed. 

You’ll want to find a niche that’s broad enough to offer plenty of video ideas, but narrow enough to attract a specific type of viewer. My advice is to research an area you’re interested in, and see if there is at least one channel with 100,000 subscribers in that category. If this is the case, it’s probably the right size of niche. 

Another decision you’ll want to make early on is if your channel is going to be information or personality-based, Sydd sayd “I made the decision early on that my channel was going to be based around storytelling, not myself.”

If you don’t get it right the first time, or aren’t seeing the subscriber growth you’re aiming for, don’t be afraid to start over or change course. You’ll take what you learned on your first try, and everything will move along much faster the second time. 

Creating a full time income on YouTube doesn’t have to be complicated or overwhelming. All you need is a computer, some creativity and the desire to keep improving. If you want to accelerate your success, do some basic research on niches and revenue streams, and you’ll find that making a full time income on YouTube is definitely achievable, even while keeping your 9-5 job. 

Success Advice

5 Smart Goals to Make This Year Your Most Successful Ever

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Setting goals at the start of the year means you will know exactly what you need to do throughout the year to be successful. By setting goals, it forces you to build a plan about how you intend to achieve those goals. By having a plan in place, you will wake up every morning with a clear idea of what it is you need to do each day. Just by writing down your goals, there is a 42% greater chance you will achieve those goals than if they just stayed in your head. It may seem like a small thing but actually creating goals every year and then writing them down significantly improves your chances of success. (more…)

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7 Ways to Face Adversity Using the Power of Extreme Ownership

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Adversity is an inevitable part of our lives, and it is an important and defining factor of our personal story. The stories we build for ourselves in the face of adversity will either empower or discourage us emotionally, help us move forward or remain stuck in the past, allow us to grow or to decline. (more…)

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Why Your Confidence Needs to Match Your Competence

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Even if you produce amazing results at your job or in other areas of your life, others may still not see you as being competent if you lack the confidence to back it up. If you are good at your job, exuding confidence will ensure others also recognize your competence in your area of expertise. And research backs this up. (more…)

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5 Things You Can Learn From The 5am Club by Robin Sharma

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It has been said by Robin Sharma, “5 AM is the time of least distraction, highest human glory, and greatest peace.” This also happens to be the central idea or the core value he has discussed in his book, ‘The 5 Am Club.’ Speaking of early mornings, at what time do you wake up? Are you annoyed by the fact that you wake up on the edge of time and then rush to work in haste? 

The life lessons put forth by The 5 AM Club are exactly the learning and motivation you need to challenge your complacency. In your race against time, you may not have the time to read this fabulous book. So, we have summed up the key book’s takeaways for your convenience.

1. The vigor of waking up early

This is what the book’s most fundamental advice to everyone is. Waking up at 5 am every day can work wonders to avert failures and make success a natural habit. When we wake up at 5 am, we have more time on our hands than others. Besides, this is when we have minimum interruptions and maximum powerfulness of the mind. 

To add, the early morning peace is priceless! You can schedule your most important tasks of the day between 5am, and 8am. This book teaches us in the simplest way, how we can train our mind and strengthen it to deliver the highest productivity by waking up early. This energy that you have when you wake up in the morning and the few additional hours in your day are what serve as perfect ingredients for success.

“The secret to productivity is simplicity.” – Robin Sharma

2. The power of finding the right balance in life

The book talks about a precious lesson of finding the right balance within. We often talk about the need for mindfulness and achieving the right mindset to perceive things. But this book goes a few steps ahead of our usual approach to life. It highlights the vitality of mindset and introduces the concepts of heartset, healthset, and soulset.

These terms may seem new, but they are self-explanatory. The idea of heartset endorses the essentialness of emotional stability and well-being. Next, the perspective of healthset indicates the need to look after physical health. At last, soulset is an attribute of spirituality. As explained in this book, success prospects can be enhanced big time by achieving the right balance between these internal virtues.

3. The iconic 20/20/20 modus operandi

What is the first thing you will do if you start waking up at 5 am every day? Did you ever spare a thought about it? This book has the answer to this question, and you will be convinced that it is a great way to begin your day!. The author suggests that you should split the first hour of the day into three equal parts of 20 minutes each.

In the first 20 minutes of the day, you should prioritize your physical fitness and exercise. In the next 20 minutes, you should energize your soul and spirit via self-reflection and soulful meditation. This will prepare you for the rest of the day and will enable you to bolster your commitment and focus. In the last 20 minutes of the first hour, you should read and learn. But what are you going to read about in those 20 minutes? Read about successful people and their inspiring journeys to the pinnacle of success.

4. The significance of a proper sleep schedule

In this book, there is a mention of ‘a ferocious global sleep recession’, which is intriguing and enlightening. It hints at the state of sleep deprivation that this world is sinking into gradually. We often associate success and hard work with the notion of staying up all night and testing our endurance beyond limits. But that is not the right approach to accomplishing success, or rather, it is a flawed methodology.

Sometimes even if we do not have any critical work, we keep whiling our night time on social media or television. What are we gaining from it is the real question, and I am afraid the answer is nothing! We learn from this book that it is critical to look after your sleep cycle and start your day at 5 am afresh. Sleep and rest are indispensable for mental and physical well-being, or your productivity will decline.

“If you want to have the results only 5% have, you must be willing to do and think like only 5% do and think.” – Robin Sharma

5. The art of evolving

The book sheds light on the need to be spiritual and master self-reflection. However, do you realize the purpose that the routine of reflection each morning serves? The idea is to keep learning, keep reflecting on the mistakes and keep evolution an ongoing process. You should evolve every day and strive to be a better version of yourself every day. So, one of your primary goals after waking up should be to reflect on your actions and missed opportunities of the previous day.

To recapitulate, The 5 AM Club is a must-read book if you are a passionate reader. It has the prowess and charm to refurbish your perception of life altogether. Even if you cannot read the book for some reason, make sure you incorporate the above key takeaways into your life. By starting your day at 5 am, you can rediscover your lost soul and enthusiasm, and you would not have complaints to make about the lack of time. If you can own your mornings, you can go places on the ladder of success, for excuses are only for those who are not committed to their goals.

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