This week on The Funded YouTuber Podcast - Desiree Martinez recaps the vital dos and don'ts for YouTubers to maximize their earning potential. She covers 10 common mistakes, including not making your own product, not understanding contracts and paperwork, not diversifying income streams, giving away content for free, not pitching brands and charging enough, being afraid to sell, lacking financial planning, neglecting the email list, not investing in education, and relying solely on ad revenue.
Key takeaways include creating your own product for better income control, understanding contracts to avoid issues, diversifying income for stability, avoiding free content giveaways, pitching and charging brands appropriately, embracing sales, having a robust financial plan, building an email list, investing in ongoing education, and exploring multiple income opportunities beyond ad revenue.
Takeaways
- Create your own product to have more control over your income
- Understand contracts and paperwork to avoid long-term frustrations and loss
- Diversify your income streams for financial stability
- Avoid giving away content for free without a clear strategy
- Proactively pitch brands and charge what you're worth
- Don't be afraid to sell and promote your products or services
- Have a solid financial plan to avoid significant losses
- Build and nurture an email list to maintain direct contact with your audience
- Continuously invest in education to stay ahead of the competition
- Don't rely solely on ad revenue, explore other income opportunities
CHAPTERS:
00:00 - Intro
01:38 - Funded YouTuber Podcast Recap
02:58 - Creating Your Own Product
04:42 - Understanding Contracts and Paperwork
06:50 - Risks of Giving Away Free Content
08:18 - Pitching Brands and Pricing Strategies
09:27 - Importance of Diversifying Income Streams
11:32 - Overcoming Fear of Selling
13:22 - Financial Planning for YouTubers
15:01 - Importance of Email List Management
17:00 - Investing in Education for Growth
19:19 - Commitment to Lifelong Learning
19:30 - Dangers of Relying on Ad Revenue
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