Opinions expressed by Entrepreneur contributors are their own.
With inflation rising, everyone is looking for different ways to earn extra money. One of the easiest and most convenient ways to make some extra money on the side is through social media. In this article, I am going to go over the different ways you can make money on YouTube.
When you think of making money on YouTube, the first thing that comes to mind is monetizing your channel through ads. While it is possible to earn money through YouTube Adsense, there are other ways to make money on the platform with less than 1,000 subscribers:
Related: 3 Ways to Make Money on YouTube Without Adsense
1. Sell courses
Are you knowledgeable in yoga, the piano or something unique that you are passionate about? You should consider creating a course!
Courses are a fantastic way to share and sell your knowledge online. Sure, there may be an upfront investment as far as producing the content for the course, but after it is complete, you often don’t have to worry about updating it for months or even years.
After looking over dozens of small YouTube channels that offer courses, I noticed most of them were priced between $20 – $497. As far as places to host your course, you can check out creator-friendly platforms such as:
Courses are often low-ticket, so you might need dozens or hundreds of sales to earn a good income on the side.
Courses are very time-consuming to put together.
Once your course is complete, all you have to do is sell it.
It allows you to make money without having to worry about customer support.
It gives you the freedom to charge between $20 all the way up to $497 and more.
2. Sell high-ticket consulting
With the rise of online coaches and consulting programs, creating a high-ticket coaching program is a great way to monetize your channel with less than 1,000 subscribers. Most high-ticket programs often offer a course combined with one-on-one or group coaching.
Some of the most popular niches are:
You can create a high-ticket offer for almost any niche. The key is to make sure you overdeliver on value. After reviewing …….