Treating YouTube as a business requires a primary focus on adding value to others to create revenue.
“a business is something that primarily you do for money and primarily you do to add value to others because the way businesses make money is that they give value to other people and then they monetize that value”
Ali Abdaal · Oct 2024 · 2 episodes · 1.5M views on this topicMonetization should occur naturally when a creator has provided enough value that potential customers ask for products or services.
“You want to get to a place where just like that conference, the potential customer doesn't feel like you're coming at them and you're like, "Buy, buy, buy, buy, buy from me." You want them to come to you and basically say, "Hey, I want to buy from you."”
Ali Abdaal · Feb 2022 · 1 episode · 548K views on this topic
It is essential for creators to diversify their revenue streams, such as live streaming, merchandising, and paid content, to survive fluctuations in advertising income.
“I started to realize like I have to do all kinds of stuff. I have to diversify. I have to start live streaming. I have to start doing merch. I have to start doing a lot of different stuff.”
The Iced Coffee Hour · May 2022 · 1 episode · 253K views on this topicNuseir Yassin advises creators to prioritize distribution over immediate monetization, as building a brand will eventually enable various revenue streams.
“My goal back then was distribution distribution distribution when you build enough of a brand you'll be able to monetize it down the road and so I focused a lot on just distribution”
Colin and Samir · Apr 2021 · 1 episode · 159K views on this topicCreators should hold off on monetizing until they fully understand the business landscape and can negotiate for equity rather than just commissions.
“i really want to like be getting equity in every business i touch so like i totally blew up multiple brands and sold them out and yet all i got was a commission there's commissions which i don't do anymore that's a small chunk but good money i want equity i want to build my portfolio fat”
Colin and Samir · Jul 2021 · 1 episode · 113K views on this topicExtracted by a model; may misattribute who said what.