HOW TO BE A YOUTUBE MILLIONAIRE IN 2024

hey yo I dare you to stop playing with your life and take this seriously if you just do these three things your channel will blow up and you will be a YouTube millionaire see the haters are saying prince prince why are you making this type of video you do inspiration yeah but 34s of people today are stressed out about money you can't Thrive if you're just trying to survive woke don't got to mean broke it's okay to have money as long as money doesn't have you see this was me before before YouTube this is after

this is before YouTube this is after see YouTube has helped me build the life of my dreams and some people out there they don't think that you can actually become a YouTube millionaire but I'm going to prove them wrong and show you exactly how to do it in this video see the first thing that you have to do is choose a niche or a category do you know why a laser has has so much power it's because is a focused beam a spotlight yeah you you hit a lot of areas but a laser can cut

through steel and likewise you need to laser focus your niche in order to cut through the noise remember this the broader the market the more diluted the response you ever heard the saying riches are in the niches and so you have to ask yourself this one question who do you want to impact who who do you want to impact and that leads me to The Next Step you have to choose a niche that you love this is so important and here's a big secret that a lot of people don't want you to know a lot

of those influencers that you see happy on YouTube Let Me Tell You firsthand I've met them they aren't happy a lot of them are hiding behind their smiles as they say those who appear to have their together are usually the ones standing in it I have seen so much so much burnout because they are Workaholics and that's not a good thing see a workaholic is motivated by fear a high performer is motivated by love so you have to choose a niche that you love something that you are truly passionate about this is so important now

just because you are passionate about something it don't mean it's going to be easy the word passion actually comes from the Latin word Pao which means suffering or enduring the real definition of passion it literally means a willingness to suffer or sacrifice for something that is important to you so make sure you pick a niche that you are passionate about never chase that never chase the bag when you chase the bag you will soon end up in one both physically and metaphorically when you chase money you end up like that Meme of the guy who's

running off the cliff right see money it has to be a byproduct of service see Napoleon Hill said provide more service than you were paid for and eventually you will be paid more for Less service one of my favorite people Zig Ziggler he said you can have everything in life you want if you just help enough other people get what they want and so you might be wondering how do you choose your passion how do you choose your your your purpose your Niche how do you find it well consider iy guy so iy guy is

a Japanese word and it means your sense of purpose or or meaning for living and it's one of my favorite ways to find out how to choose your Niche and so on this side is your gift right your strength what are you what are you really good at what are you talented in right what do people say oh man you're one of the best I've ever seen doing that right so this is your gift here is what the world needs that's what the world needs right what is the what is the world calling for here

is what you can get paid for and at the top is what you love and in the intersection of all of these is your icky guy so you want to find something that intersects between all of those and in between that is your reason for living and you have found your Niche I actually want you to stop this video right now and figure figure that out so now we've got our Niche we know our Niche now we have to find a why right the only way you will be consistent at this is if you have

a strong enough why nii say someone with a strong enough why can overcome anyhow so what is your why right what do you value why do you want to be successful on YouTube right what message do you have to give to the world yo and why do you have that message right your why it it has to come from the heart it has to because what comes from the heart reaches the heart right so why do you get out of bed you know on the on those days where you don't feel like it right and

yes it will happen even if you're doing something that you love I told you about passion and remember this your impact will drive your income you will generate the most income by impacting something that is close to your heart okay so we figured out our Niche boom check we've also figured out our why check now we have to figure out the pain point of that Niche there's an old saying where does it hurt you have to think of yourself like a doctor right and you have to ask your patients where does it hurt see the

size of your bank account is directly related to the size of the problem that you solv you will have more money by solving a bigger problem you will have less money solving a smaller problem right this is a law of Nature and a million-dollar business starts with identifying the customer and his or her need so what pain point do they have right what's the problem that you can solve once you figure that out congratulations because now you have enough to create the purpose statement so the purpose statement goes like this because I value what you

value I will use my gifts for whatever your gifts or your strengths are to positively got to be positively impact the lives of your community your group your Niche stop this video now and fill this section out I'll wait for you okay I hope you fill that out see filling out your purpose statement is such a big thing you have just set up the foundation for your million-dollar business and now we are going to talk about the ways that you are going to generate Revenue so number one is AD Revenue right see a lot of

people think ad revenue is based on views and it is but not all views are created equally it's not all created equally I'm going to put up on the screen a video that I released this year that got 30 million views and here's how much money I made from it now keep in mind this is a short form video okay so let's do some math real quick if 30 million views equals 3K $3,000 on that short form video that means the rate per view equals 0.00001 per you fair enough now let's say our Target is

a million dollar right we want to we want a million we want a million dollar to make 1 million on shorts in one video you would need 10 billion views so if you made 10 short form videos 10 short form videos that means that you would literally need to have on each video 1 billion views if you made 100 videos then that means that you would need to have 100 million views on each them if you made 10,000 videos then that means you would need 1 million views on each so clearly it's very difficult to

become a millionaire just on short form video alone basically you can't really get rich from shorts now how about long form long form videos well okay let's take one of my long form videos I'll show it right here so this was before you overthink watch this it got 20 million views now that video made made about $30,000 and keep in mind those numbers are low compared to other niches because what I do is inspiration and so you know it's a lower CPM right what did I tell you not all views are created equally right the

cpms can vary the CPM is cost per thousand views and it's based on how concentrated your Niche is the most profitable Niche on YouTube as you know is finance right see Finance cpms can be $20 to $50 all the way up to I've seen it all the way up to $100 which is crazy so that basically means that a 1 million view video with a $100 CPM you just made $100,000 which is insane and this is for finance now there are some other very profitable niches and they include real estate Tech Health business luxury now

you can make millions just from ad Revenue right people do it but you have to think right if advertisers are paying all of this money to put their ads on my videos why don't I just create my own product and advertise that on my videos the next thing we want to talk about is products a product is something you create to add value to your audience remember this is not about money no it's not about money right this is about service money is a byproduct of service and the product could be a physical product you

know it could be a book right it could be merch it could be music right it could be an album it could be a digital course or it could be a membership products are one of the best ways to really make that million dollars because all you have to do for a product is some very simple math and you're in control right so to make $1 million here are the ways right basically you sell one product to one person and they give you $1 million now I don't know if this happens too much now if

you were to create a $10 product which is a lot more reasonable right you would need to sell a 100,000 of those to make 1 million if you made a $100 product then you would need to sell only 10,000 of them now if you have multiple products say four products and you're selling you know 25 of them a day at $30 in one year you have reached $1 million see this is why math is so important guys now the next stream of income is called brand deals and I'll put speaking in here as well so

with your YouTube success right your visibility you will get inevitable brand deals see I have never solicited my services to speak but from YouTube I have gotten up to six figure speaking engagements for just an hour on stage so it's possible it's amazing what you can do when you actually create a Big Brand on YouTube see Brands will reach out to you because they see how concentrated your community is and how much value value you're giving see they know the power of influence they know that eyes equal dollars so having multiple streams of Revenue is

so important but it doesn't matter which stream you pick you will need one thing or your business will fail and that's exposure the great PT Barnum said without marketing something very bad happens nothing if you you're a Creator then you know that going viral is the fastest way for Success on YouTube it's a cheat code but some people for some reason they think going viral is luck it's not it's a formula and I want to teach you that formula at my one video away viral boot camp if you are finally ready to have millions of

people knowing about you your business your art listen stop hitting your head against the wall to figure it out on your own this boot camp is for you it's totally free just click the link below and I will see you on the other side in just a second