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5 Ways to Make Money on YouTube with a small channel

Money & Wealth

Shitanshu Kapadia

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February 6, 2024

Recently, my friend told me that he got a YouTube payment and the amount is $2354 this month. He was sharing with me that it is less this time compared to what he is getting.

We were discussing with each other that on social media there are many well-known, famous YouTubers with a hundred thousand subscribers.

Half a million subscribers.
A million subscribers.
Five million subscribers.

And they are making money like anything anyone comes across to me says wow, you know, it is very good to make money on YouTube but to do that –

You need a lot of views.
You need tens of millions of views and millions of subscribers.

Let me tell you this, it is simply not true.

Today I’m gonna prove to you how you can make decent money, even big money, with a small channel.

Now maybe you are just getting started.
Maybe you only have a few hundred subscribers on your YouTube channel.

Maybe a few thousand, maybe tens of thousands. It doesn’t matter.

What do you need to do?

YouTube Money

5 Ways to Make Money on YouTube with a Small Channel

#1 You could sell services on YouTube

One of my friends is using YouTube to sell his services. He is not trying to use YouTube to generate money directly, like say, through ad sense like that.

No, he runs a business.

He is using YouTube as a lead generation platform.

So when people watch his videos on YouTube, and if someone wants to purchase a property or someone who wants to list a property, he would then get them on the phone and offer his service.

So offering services, is a great way to make big money with a small channel.

So if you are a service provider, meaning you’re a consultant, you are a coach, you are an expert, maybe you are a real estate agent, maybe you’re a mortgage broker, you’re an insurance agent, you’re providing a service in your local area, in your city.

YouTube is a very very powerful way to get your message out there.

To promote your name, to get your name out there. To create some value in the marketplace and educate your potential clients.

You let them consume your content and when they are ready to do business, you’ll be the first one that pops into their mind, that top-of-mind awareness, and say yes, you’re the one I want to do business with.

So number one, use YouTube as a lead generation service platform for your existing business.

#2 Making Money with Events on YouTube

You can do events on YouTube and make money. I know many YouTubers with small fan followings also make money using events on YouTube.

YouTube is a place, where they meet with their fans and the fans get to meet with their favorite YouTuber.

Take photos, selfies, maybe even sign something here and there, merchandise. It’s a very very good way because then you can meet with your fans even with a small fan base you can sell tickets to meet with you, right? Or a live event.

So you can use that to generate revenue with Event. You don’t need a lot of people. You don’t need a lot of fans, or a lot of subscribers, to generate a significant amount of income.

Does that make sense?

#3 Offering digital products on YouTube

You can launch a digital course on YouTube and make money. I’m talking about digital programs or any kind of online training program.

I have hosted webinar recordings in a protected way on YouTube and made money out of it.

Now the online training space is a multi multi-billion dollar industry.

So you don’t need a huge channel with a lot of subscribers.

If you have the right topic, you can offer your online courses.

And you can sell that for a hundred dollars, two hundred dollars, five hundred dollars, even up to thousands of dollars.

You don’t need a lot of sales to make a decent amount of money.

Recently, I’ve had the opportunity to talk to a YouTuber who only has a YouTube channel with around a thousand subscribers, less than a thousand subscribers, who generate over a million dollars from his YouTube channel.

But Shitanshu, I don’t have digital courses.

I don’t know how to create digital courses.

Guess what?

You can also make money as an affiliate.

#4 YouTube Affiliate Income

You can promote other people’s digital courses.

People who are creators, people who are experts, who offer these types of courses.

As an affiliate, you can promote their courses and then get a commission.

For example, if they’re selling a course that is a thousand dollars and you can help them promote their courses when someone watches your video, maybe you do a reveal video of some kind, right?

They click on the link, and they go ahead and go to the website

and purchase that course, you can get a 10%, 20%, or even up to 30% commission.

That is a pretty good deal, wouldn’t you say? You don’t need to make a lot of sales to make a decent amount of income.

#5 YouTube Consultant

If you have a solid foundation in knowing how YouTube works, there are so many businesses out there that want to launch a YouTube channel

or they have a YouTube channel but they’re struggling to grow it, what you could do is to become a YouTube consultant.

To help other people. To help them grow their YouTube channel

and then you can charge them a fee, a management fee.

It kind of acts as a digital agency but for YouTube. Imagine a company paying you a thousand dollars, two thousand, or even three thousand dollars a month to just help them manage their channels.

Well, how many of these clients do you need? In some cases, one of these clients would be enough money to replace the job that you have right now or it would give you some, you know, supplement income, right?

With what you do, it pays for your car, pays for your house mortgage, and pays for your rent.

It’s a very very powerful model.

So, taking your YouTube skill, and your YouTube knowledge, and helping companies generate more leads, helping them make more sales, and helping grow their YouTube channel, that’s a fantastic way to make money.

Navigating Financial Stress: How IRS Hardship Programs Can Help

Information

Moneyexcel Editor

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February 6, 2024

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Managing financial stress has become a critical skill for many in today’s economic landscape, where uncertainty often looms. The burden of debt, especially tax debt, can be overwhelming, given its potential implications on one’s financial health and well-being. Fortunately, there are avenues designed to alleviate this burden, with IRS Hardship Programs as a beacon of hope for those struggling to keep their heads above water. This blog post delves into how these programs can offer a lifeline to individuals and families grappling with financial distress, highlighting the path to stability and peace of mind.

IRS

The Internal Revenue Service (IRS) offers several programs to assist taxpayers who cannot pay their tax debts in full. The IRS debt settlement option is pivotal because it offers a compromise or payment plan that aligns with the taxpayer’s current financial capacity. Understanding such programs’ eligibility criteria, application process, and potential outcomes can empower taxpayers to take decisive steps toward mitigating their financial stress.

The Role of IRS Hardship Programs

IRS Hardship Programs are designed to recognize the realities of taxpayers’ financial situations and offer solutions that prevent tax debt from becoming an insurmountable obstacle to financial stability. These programs include options such as the Offer in Compromise (OIC), which allows taxpayers to settle their tax debts for less than the full amount owed, provided they meet certain conditions. Another critical component is the installment agreement, which facilitates the payment of tax debt in manageable monthly amounts.

How These Programs Provide Relief

The primary objective of IRS Hardship Programs is to provide relief to taxpayers who are financially unable to settle their tax liabilities. This relief comes in various forms, from reducing the total debt amount to deferring payment deadlines. Such flexibility is crucial in preventing the accumulation of interest and penalties, which can exacerbate financial strain.

Qualifying for IRS Hardship Programs

Qualification for these programs hinges on a comprehensive assessment of the taxpayer’s financial situation. The IRS considers income, expenses, asset equity, and overall ability to pay. Transparency and thorough documentation are vital in this process, as they enable the IRS to accurately gauge the taxpayer’s financial standing and determine the most suitable form of assistance.

The Impact of IRS Hardship Programs

Engaging with IRS Hardship Programs not only eases the immediate burden of tax debt but also paves the way for a healthier financial future. These programs offer a lifeline, allowing individuals to navigate out of the quagmire of financial distress by providing structured paths to manage or significantly reduce tax liabilities. This strategic intervention is vital in maintaining or restoring credit health, circumventing potential legal complications, and setting a solid foundation for future financial endeavors.

Moreover, the psychological relief that accompanies resolving tax burdens cannot be overstated. The stress of dealing with the IRS and the fear of escalating debt can be paralyzing. IRS Hardship Programs break this cycle of anxiety, offering not just a financial but also an emotional reprieve. This sense of relief fosters a more optimistic outlook towards personal finance management, encouraging individuals to proactively engage with their financial situations rather than adopting avoidance strategies.

The flexibility to redirect funds towards essential life goals transforms financial planning from a reactive to a proactive process. Taxpayers find themselves in a position to prioritize future investments, whether through retirement planning, educational pursuits, or the clearing of other outstanding debts. This reallocation of resources is crucial for building a robust financial portfolio and ensuring long-term stability.

In Conclusion

IRS Hardship Programs serve as a critical resource for individuals and families facing the daunting challenge of tax debt. By understanding and utilizing these programs, taxpayers can navigate their financial stress more confidently, knowing there are viable options designed to support their journey toward financial recovery. The key to leveraging these programs effectively lies in early engagement, informed decision-making, and proactive communication with the IRS. As financial landscapes evolve and challenges arise, managing debt through such supportive measures remains indispensable in maintaining financial health and securing a more stable future.

As we move forward, it’s essential to remember that financial stress does not have to be perpetual. With the right resources and strategies, including IRS Hardship Programs, there is a path to overcoming financial obstacles and achieving financial peace of mind.

Selecting Your Perfect Franchise: A Short Guide

Start Business

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February 5, 2024

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Venturing into the world of franchising can be an exciting opportunity, but it can also be a daunting one. With so many franchises to choose from, how do you know which one is right for you? This guide will provide you with some key factors to consider when selecting your perfect franchise.

Selecting Your Perfect Franchise

Understand Your Personal Objectives and Skills

Commencing your franchise journey requires a thorough understanding of your individual goals and abilities. You need to establish what your aspirations are for the long term. Are you aiming to generate a steady income stream, or is your end goal to build a business with resale potential? Consider your role preference – are you more inclined towards a hands-on operational role, or would a managerial position suit you better?

Equally significant are your skill sets. Do you have prior industry experience? Do you relish dealing with people, or are you happier operating from behind the scenes? Understanding your ambitions and skills will enable you to identify a franchise that matches your vision and aptitude.

Consult a Franchise Consultant

Getting started with your franchise journey can be overwhelming, with many options available. Engaging a reputable franchise consultant like the experts at Infinity Business Growth Network could be advantageous. Armed with industry-specific knowledge, these professionals can help steer your search for the ideal franchise. Their expertise can prove invaluable when it comes to assessing your financial strength, matching your personal objectives and skills with prospective franchises, and deciphering the legal intricacies of franchising. To make the most of this resource, ensure you choose a consultant who is knowledgeable and experienced and someone you can trust and communicate freely with. The guidance of a franchise consultant could significantly streamline your franchise selection process.

Evaluate Franchise Costs

When buying a franchise, considering the financial obligations associated with your chosen franchise is crucial before making a commitment. The initial investment may cover franchise fees, inventory purchases, necessary equipment, and, potentially, shop refurbishments. However, don’t overlook the ongoing expenditure. Regular payments like royalties, contributions to advertising funds, and day-to-day operating costs are typical in the franchise model. It’s paramount to balance these potential expenses against your financial abilities and your long-term financial plan to ensure the franchise represents a viable investment. Being aware of all possible outlays will help you in avoiding any unexpected financial burdens in the future.

Assess the Franchise Support System

Identifying what level of training and backing the franchisor provides is a pivotal step. This support could encompass initial training periods, continued learning opportunities, marketing assistance, IT services, and help with business expansion. A franchisor who provides thorough support can be instrumental in helping you overcome potential hurdles and fulfil your enterprise objectives. It is worthwhile delving into the support system provided by the franchise, as this could enormously enhance your chance of success.

Analyse the Franchise’s Reputation

It’s essential to take a deep dive into the franchise’s standing before you enter into any contractual agreement. Seek out testimonials or evaluations from individuals who are currently engaged with the franchise or those who have been in the past. You can also delve into the franchisor’s historical background and stability, including how they’ve previously interacted with franchisees. It’s a significant indication of what your own experience might be like. A franchise boasting a robust and positive reputation can serve as a solid platform for the prosperity of your venture. It is a measure of success and a reflection of trust and reliability within the industry.

Consider Your Lifestyle

Taking into account your lifestyle is crucial in selecting a franchise. The demands of running a franchise can be immense, particularly in the initial stages. If work-life balance is a key priority, seek a franchise that can offer this. Consider the operating hours, the site of the franchise, and the extent of commitment needed. Is the business conducive to your preferred lifestyle? Does it offer the flexibility you desire, or will it necessitate long hours that might infringe on your personal life? It’s imperative that your chosen franchise not only fulfils your entrepreneurial ambitions but is also in sync with your personal life. Ensuring that your franchise choice aligns with your lifestyle will contribute to a harmonious blend of personal satisfaction and business success. Remember, your franchise should complement your lifestyle, not complicate it. Your perfect franchise should accommodate you just as much as you accommodate it.

Things to Consider When Buying a Commercial Property

Real Estate

Shitanshu Kapadia

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February 2, 2024

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Thinking about diving into the deep sea of commercial real estate? Welcome aboard! Buying a commercial property is like embarking on a thrilling treasure hunt – there are valuable gems, hidden traps, and uncharted territories. To ensure you come out with the proverbial chest of gold and not a load of fool’s gold, you need a map and a keen eye for details.

In this guide, we’ll unravel the secrets of the commercial real estate realm, exploring the intricacies and pitfalls that await you. So, strap on your adventurer’s hat, grab a metaphorical treasure map, and let’s delve into the Things to Consider When Buying a Commercial Property!

Things to Consider When Buying a Commercial Property

Location

Ah, the golden rule of real estate, and it couldn’t be truer for commercial properties! Whether you’re eyeing a sleek office space or a bustling retail store, the location sets the stage for success or disaster. Consider these key points:

Accessibility: Is your property easily accessible for clients, customers, and employees? A prime location doesn’t mean much if it’s hidden in the depths of an urban labyrinth.
Neighborhood Vibe: What’s the neighborhood like? Is it buzzing with activity, or does it resemble a ghost town after business hours? Your clientele’s preferences should align with the neighborhood’s ambiance.

By working with commercial property agents, you can gain valuable insights into market trends, foot traffic patterns, and the overall viability of a location for your business. They can help you identify prime spots that align with your industry needs, ensuring you make an informed decision that maximizes visibility, accessibility, and long-term success.

The Budget

Money makes the world go round, but it also determines the fate of your commercial property venture. Avoid the sinking ship syndrome by nailing down your budgetary considerations:

Purchase Price: Negotiate like a pro! Don’t settle for the first offer. It’s a jungle out there, and the savviest negotiator gets the juiciest prey.
Hidden Costs: Watch out for hidden costs lurking beneath the surface like sharks in the water! Consider maintenance, taxes, and potential renovations when calculating the total cost.
Financing Options: Explore financing options that suit your needs. Commercial property loans, mortgage rates, and lease options – it’s a financial buffet, so choose wisely.

And if the numbers still feel like a tight squeeze, don’t panic just yet. Sometimes, the smartest move is to bridge the gap – literally. A solution like My Bridge Loan can give you the breathing room you need to close the deal without rushing the sale of another property. Timing is everything, and a well-timed loan might just be your golden ticket.

Size Matters

Don’t let the size of the property be the elephant in the room! The square footage can make or break your commercial venture. Consider the following:

Future Expansion: Think long term. Will the property accommodate your business’s growth, or will you be stuck in a cramped space faster than you can say “space issues”?
Space Utilization: Analyze how the space is currently utilized. Can you maximize its potential, or is it a labyrinth of wasted square footage? Efficiency is key!

Due Diligence

Before signing on the dotted line, it’s crucial to engage in some Sherlock Holmes-level sleuthing. Here’s your due diligence checklist:

Property History: Investigate the property’s history like a detective solving a mystery. Any skeletons in the closet? Legal disputes, environmental issues, or paranormal activity? You want to know it all!
Inspections: Hire professionals for thorough inspections. Electrical, plumbing, structural integrity – make sure everything is shipshape. You don’t want your dream property turning into a money pit.
Amenities – Additional amenities like outdoor furniture for commercial spaces add value to commercial property. Good furniture can make outdoor spaces more welcoming, increasing customer satisfaction and enhancing the property’s overall appeal.
Tenant Leases: If the property comes with existing tenants, scrutinize their leases. Are they stable, or is an impending exodus on the horizon? Existing tenants can be allies or adversaries.

When buying a commercial property, working with a knowledgeable Chicago commercial real estate agent is essential. They can provide insights into market trends, property values, and zoning laws, ensuring you make an informed investment decision.

Market Trends

The real estate market is as unpredictable as a weather forecast, but with a little research, you can be the weatherman of your commercial property venture:

Market Trends: What’s the current market trend? Is it a seller’s market or a buyer’s market? Understanding the dynamics helps you navigate negotiations like a seasoned sea captain.
Future Developments: Keep an eye on future developments in the area. Is a new highway coming up, or is the neighborhood on the brink of gentrification? These factors can skyrocket property values.
Resale Potential: Think ahead. If you ever decide to part ways with your commercial property, will it be a hot cake or a stale loaf? Assess the resale potential before making a commitment.

FAQs –

Q1: Should I Buy or Lease a Commercial Property?

A1: It depends on your business strategy and financial capabilities. Buying offers long-term stability, while leasing provides flexibility. Consider your goals and weigh the pros and cons.

Q2: How Do I Find the Right Commercial Real Estate Agent?

A2: Ask for recommendations, check reviews, and interview multiple agents. A reliable agent is your compass in the vast sea of commercial real estate.

Q3: What’s the Importance of a Property Appraisal?

A3: A property appraisal ensures you’re paying a fair price. It’s like getting a second opinion on a treasure map – you want to be sure it leads to the chest of gold.

Conclusion:

As you embark on this thrilling journey of buying a commercial property, remember that every decision is a step closer to the buried treasure. Navigate wisely, and the spoils shall be yours! From deciphering zoning codes to negotiating like a seasoned buccaneer, you’re now armed with the knowledge to conquer the commercial real estate seas.

So, go forth, future property tycoon, and may your ventures be as prosperous as a pirate’s plunder! After all, in the world of commercial real estate, it’s not just about buying a property; it’s about finding the hidden treasures within its walls. Happy hunting!