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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. 

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How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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