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- Unlock a $100K+ Online Business: Your 7-Step YouTube Revenue Roadmap
Unlock a $100K+ Online Business: Your 7-Step YouTube Revenue Roadmap
A quick guide that outlines a 7-step framework for turning YouTube into a platform for building a successful online business, highlighting its growth as a leading space for creators.
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Step 1: Implement the Super Mario Effect
Adopt a mindset of learning from failures, similar to how gamers learn from mistakes in video games.
View challenges as opportunities to learn and improve, rather than as setbacks.
Ensure your finances are stable so you can experiment without the pressure of immediate financial success.
Consider how much time you can commit to YouTube, recognizing that it may take 3-5 years to gain traction.
Step 2: Identify What You're Optimizing For
Define what success means to you: Is it money, time, or new experiences?.
Align your YouTube channel with your life goals.
Make your goals tangible: Write out what a dream day, week, and year would look like if your channel is successful.
Ensure you enjoy the content you make, as success means you will be doing more of it.
Step 3: Perform a Niche Analysis
Research the community you want to join: Watch videos in that niche, understand how they talk to their audiences, their colors, episode length, posting frequency, opening lines, themes, and titles.
Identify gaps in the community: What aren't people saying that you would like to say?.
Look for potential collaborators and be part of the existing ecosystem.
Create a year's worth of content titles and loglines.
Understand that your initial product is attention.
Study how audiences discover videos, primarily through browsing and suggested content.
Recognize that you will gain an audience within a pre-existing community, so it is important to understand the visual language, timestamps, and tone of that community.
Step 4: Choose Your Value Proposition
Study your niche to understand how you can be slightly different and provide unique value.
Create a "Pinterest board" of thumbnails and community comments to understand what people like and dislike.
Analyze the first 30 seconds of videos in your niche to understand how they open their videos.
Consider a niche topic: For example, instead of general travel, focus on unique Airbnbs with activities.
Analyze the brand partners and common sponsors in your niche.
Look for common formats in your niche, such as "this vs. that" or challenges.
Recognize that storytelling involves conflict and contrast, which should be present in your thumbnails.
Use the "identities, emotions, and actions" exercise:
Identify the different identity groups in your audience.
Write down the emotions you want them to feel.
Determine the actions you want them to take.
Step 5: Write 100 Titles
Develop an idea bank: aim to generate 10 new video titles every day.
Use AI tools for inspiration, but also write down all your ideas, even if they seem bad, as they might lead to better ones.
Commit to developing ideas daily, like brushing your teeth.
Note titling conventions and formats you like, such as "versus" or "$100 thing vs. $1000 thing.".
Whittle down the 100 titles to 30, and identify your favorite two or three each day.
Step 6: Find a Testing Ground
Test your ideas in low-lift ways to see if they resonate with your target community.
Share your ideas on platforms like LinkedIn or with your social circle.
Use short-form videos to test ideas.
Look at community hubs like subreddits or Discord to understand what people care about.
Step 7: Film, Edit, Upload, Repeat
Pre-production is crucial. Create a document with your title, thumbnail, and a list-based format that outlines the hook, beginning, middle, and end of your video.
Spend the most time on the first 7 and 30 seconds of your video.
Ensure your hook meets expectations and introduces something new.
Make sure you have unanswered questions throughout your video that keep viewers engaged.
Use a lean filming style to avoid overcomplicating the process, starting with an iPhone.
Plan for 52 weeks of content creation, not one week.
Start with short-form content to test ideas and drive audience and subscriptions before committing to long form, aiming for 2-3 shorts per long-form video.
Longer watch times are rewarded by YouTube, with 20+ minutes as an ideal target.
Remember that people watch content on televisions now, not just phones, so longer videos can work.
Aim to complete 85% of a video and then release it without obsessing over perfection.
Look for opportunities to repeat successful video formats with a new spin or chapter.
Data Tracking
Track click-through rate (CTR): Aim for 10% or higher on launch day.
Track first 30-second viewership: Aim for above 90%, meaning that you hooked the viewers.
Track average view duration/percentage: Aim for over 50% for a 20-minute video.
Track average views per video and new versus returning viewers.
Look at browse vs. suggested traffic and device average view duration to understand how audiences consume your content.
Additional Advice
Focus on making great videos, and your network will emerge naturally.
Be patient, as building a successful YouTube channel takes time.
Do not overlook Pinterest boards as a tool for visual inspiration.
Monetization and Further Learning
If you want more information about monetizing your channel and turning it into a business, consider watching our free webinar on how to make $1000-$3,000 per day👇.