How to be a YouTube Millionaire in 2024 (FULL BLUEPRINT)

Summary

This video script is a motivational guide for aspiring YouTubers, urging them to choose a niche, pursue their passion, and create content with purpose. It emphasizes the importance of a strong 'why' and identifying pain points to solve for the audience. The speaker shares insights on generating revenue through ad revenue, creating and selling products, and securing brand deals. The script concludes with an invitation to a free boot camp to learn the formula for viral success on YouTube.

Takeaways

• 🎯 Choose a niche or category to focus on, as it allows you to cut through the noise and target a specific audience.
• 💖 Select a niche that you are passionate about to avoid burnout and ensure long-term motivation.
• 💰 Understand that passion often involves sacrifice and suffering, but it's crucial for enduring challenges.
• 🤔 Reflect on your 'ikigai' (Japanese concept of finding purpose) to identify the intersection of your strengths, what the world needs, what you can get paid for, and what you love.
• 🔍 Identify a strong 'why' behind your YouTube channel, which should stem from personal values and a desire to impact others.
• 👨‍⚕️ Think like a doctor to diagnose the pain points of your niche, as solving significant problems can lead to greater financial success.
• 📈 Recognize that ad revenue on YouTube is not solely based on views but also on the niche's concentration and the value provided.
• 📦 Consider creating your own products to add value to your audience, which can be a more lucrative revenue stream than ad revenue alone.
• 🤝 Be open to brand deals and speaking engagements as your YouTube channel grows, as these can provide significant income opportunities.
• 📢 Embrace the importance of exposure and marketing, and understand that going viral on YouTube is not just luck but a formula that can be learned.

Q & A

What is the first step to becoming a successful YouTuber according to the script?

The first step is to choose a niche or a category. It's important to laser focus on a specific niche to cut through the noise and be more impactful.

Why is it crucial to choose a niche that you love?

Choosing a niche you love is important because it helps prevent burnout and keeps you motivated. A high performer is motivated by love, not fear, and passion is a willingness to suffer or sacrifice for something important to you.

What does the term 'ikigai' refer to and how does it relate to finding your niche?

Ikigai is a Japanese term that means your sense of purpose or meaning for living. It's used to find your niche by intersecting your gift (strengths), what the world needs, what you can get paid for, and what you love.

What is the significance of having a strong 'why' in the context of the script?

A strong 'why' is essential for consistency and motivation. It's what drives you to succeed and impacts others. It should come from the heart and be something that you are passionate about and want to share with the world.

How does solving a pain point in your niche relate to your financial success on YouTube?

The size of your bank account is directly related to the size of the problem you solve. Solving a bigger problem can lead to more financial success because it provides more value to your audience.

What are some of the profitable niches on YouTube mentioned in the script?

Some of the profitable niches mentioned are finance, real estate, tech, health, business, and luxury.

How does the script suggest generating revenue on YouTube besides ad revenue?

Besides ad revenue, the script suggests creating and selling your own products, securing brand deals, and speaking engagements as ways to generate revenue.

What is the significance of CPM in the context of YouTube monetization?

CPM stands for cost per thousand views and it's a key metric for YouTube monetization. It varies based on the niche and the concentration of the audience, with more concentrated niches like finance having higher CPMs.

Why is exposure considered vital for a successful YouTube business according to the script?

Exposure is vital because without marketing or visibility, your content may not reach the intended audience. Going viral is seen as a 'cheat code' for success, and the script suggests that it's not just luck but a formula that can be learned.

What is the 'Viral Boot Camp' mentioned in the script and how can one join it?

The 'Viral Boot Camp' is a resource mentioned in the script that teaches the formula for going viral on YouTube. One can join it by clicking the link provided in the script, which is described as being free.

Outlines

00:00

🚀 Becoming a YouTube Millionaire

The speaker begins by challenging the audience to take their YouTube channel seriously. They emphasize the importance of choosing a niche to focus on, likening it to a laser beam for its power and precision. The speaker shares their personal journey from before YouTube to after, highlighting the platform's role in building their dream life. They dispel the myth that one cannot become a millionaire through YouTube and aim to prove the naysayers wrong. The audience is encouraged to find a niche they are passionate about, as passion is derived from a willingness to suffer or sacrifice for something important. The speaker introduces the concept of 'ikigai' (Japanese for 'a reason for being'), which is the intersection of one's gift, the world's need, what one can get paid for, and what one loves. This intersection is proposed as the formula for finding one's niche.

05:00

💖 Finding Your 'Why' and Solving Pain Points

The speaker continues by stressing the importance of having a strong 'why' for creating content on YouTube. They assert that success comes from impacting something close to one's heart and that this impact will drive income. The audience is encouraged to think of themselves as doctors identifying pain points within their chosen niche. The speaker explains that solving bigger problems leads to greater financial rewards. They introduce the concept of a purpose statement, which is a declaration of using one's gifts to positively impact a specific community or group. The speaker challenges the audience to create their purpose statement and emphasizes the foundational role it plays in building a million-dollar business.

10:02

💰 Diversifying Revenue Streams on YouTube

The speaker discusses various revenue streams available to YouTube creators, starting with ad revenue. They provide an example of a short-form video with 30 million views that earned $3,000, illustrating that not all views are equal in terms of earnings. They calculate the number of views required to make a million dollars from short-form videos, highlighting the difficulty of relying solely on ad revenue. The speaker then contrasts this with long-form videos, using an example of a video that earned $30,000 from 20 million views. They mention that certain niches, such as finance, can have much higher CPMs (cost per thousand views). The speaker then introduces the idea of creating and selling products as a way to generate income, emphasizing that it's about service rather than money. They provide a simple mathematical framework for calculating how many products need to be sold at different price points to reach a million dollars in revenue. The paragraph concludes with a mention of brand deals and speaking engagements as additional revenue streams.

📢 The Power of Exposure and Going Viral

In the final paragraph, the speaker discusses the importance of exposure for success on YouTube. They mention that while going viral is often seen as luck, it can be achieved through a formula. The speaker promotes their 'One Video Away Viral Boot Camp,' a free resource for creators looking to increase their visibility and understanding of the virality formula. The paragraph emphasizes the significance of marketing and creating a strong brand on YouTube to attract brand deals and other lucrative opportunities.

Keywords

💡Niche

A niche refers to a specific segment or category within a larger market. In the context of the video, choosing a niche is crucial for focusing one's content creation efforts to stand out and attract a dedicated audience. The video emphasizes that a niche should be something the creator is passionate about, as this passion will drive consistency and authenticity in content. The speaker uses the analogy of a laser to illustrate the power of focus, suggesting that a concentrated niche can 'cut through the noise' more effectively than a broad, generalized approach.

💡Passion

Passion is defined as a strong and barely controllable emotion, often associated with a compelling interest or enthusiasm for something. The video discusses the importance of choosing a niche that one is passionate about, as this will lead to more authentic and engaging content. The speaker warns against chasing money alone, suggesting that true success comes from a deep connection to the work one does. The term is used to encourage creators to endure the hardships ('suffering') that come with pursuing a meaningful endeavor.

💡Influencer

An influencer is an individual who has the power to affect the purchasing decisions of others because of their authority, knowledge, position, or relationship with their audience. The video touches on the reality behind influencers' appearances, suggesting that many may not be as happy as they seem, despite their success. This serves as a cautionary note for aspiring YouTubers to focus on genuine content creation and personal fulfillment rather than superficial success.

💡Burnout

Burnout refers to a state of physical or mental collapse caused by overwork or stress. The video mentions burnout as a common issue among workaholics in the YouTube community, emphasizing the importance of choosing a niche and a 'why' that one truly loves to avoid this pitfall. Burnout is presented as a consequence of being motivated by fear rather than love for one's work.

💡Why

The 'why' in the video refers to the underlying reason or purpose that drives an individual's actions, particularly in the context of their YouTube channel. The speaker stresses the importance of having a strong 'why' to maintain consistency and motivation. It is suggested that this 'why' should stem from personal values and a genuine desire to impact others positively, which will ultimately lead to success.

💡Pain Point

A pain point is a problem or difficulty that a customer or user experiences, which a product or service aims to solve. In the video, identifying the pain point of a niche is highlighted as a critical step in creating content that resonates with the audience. The speaker advises creators to think like doctors, diagnosing the issues their audience faces, and then providing content that addresses these issues.

💡Revenue Streams

Revenue streams are the various sources through which a business generates income. The video discusses different revenue streams available to YouTubers, including ad revenue, product sales, and brand deals. It emphasizes the importance of diversifying these streams to achieve financial success. The speaker provides examples and calculations to illustrate how different revenue streams can contribute to becoming a YouTube millionaire.

💡Ad Revenue

Ad revenue, or advertising revenue, is income generated from advertising on one's YouTube channel. The video explains that while ad revenue is often associated with the number of views, not all views are equally valuable. It discusses the concept of CPM (cost per thousand views) and how it varies across different niches, affecting the potential ad revenue. The speaker uses personal examples to illustrate the potential earnings from ad revenue on both short-form and long-form videos.

💡Products

In the context of the video, products refer to any goods or services that a YouTuber can create and sell to their audience, such as physical merchandise, digital courses, or memberships. The speaker argues that creating and selling products can be a significant revenue stream, as it allows creators to add value to their audience and control their income potential. The video encourages creators to think beyond ad revenue and leverage their influence to create and sell their own products.

💡Brand Deals

Brand deals, also known as sponsorships or partnerships, occur when a brand pays an influencer to promote their products or services. The video suggests that as a YouTuber's visibility grows, they become more attractive to brands for such deals. The speaker shares personal experiences of securing high-paying speaking engagements as a result of their YouTube success, highlighting the potential of brand deals as a revenue stream.

💡Exposure

Exposure in the video refers to the visibility and reach that a YouTuber has, which is crucial for attracting an audience and generating revenue. The speaker emphasizes that without exposure, a creator's content, regardless of its quality, will not be seen or valued. The video suggests that going viral is a key way to gain exposure, and it is presented not as a matter of luck but as a formula that can be learned and applied.

Highlights

The importance of taking your YouTube channel seriously to achieve success.

The necessity of choosing a niche or category for your channel to stand out.

The analogy of a laser beam to emphasize the power of focus in a niche.

The advice to choose a niche that you are passionate about to avoid burnout.

The concept of 'ikigai' as a method to find your purpose and niche.

The significance of having a strong 'why' to stay consistent in your YouTube journey.

The idea that your impact should drive your income rather than just chasing money.

The calculation of ad revenue per view and the challenge of becoming a millionaire from short-form videos.

The potential of long-form videos in generating higher ad revenue due to niche concentration.

The strategy of creating your own product to advertise on your channel instead of relying solely on ad revenue.

The importance of understanding the math behind product pricing and sales to reach a million-dollar goal.

The opportunities for brand deals and speaking engagements that come with YouTube success.

The necessity of exposure and the formula for going viral on YouTube.

An invitation to a free boot camp to learn the formula for going viral and growing your YouTube channel.

Transcripts

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