The #1 Way to Make Money on YouTube in 2024 (Side Hustle)

Here’s the #1 way to make money on YouTube as a side hustle in 2024. Enjoy!

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Table of Contents

1. Introduction

Overview of the video by Joshua Mayo

In this video by Joshua Mayo, he shares the number one side hustle and the way to make money on YouTube in 2024. He introduces the concept of starting a video-to-purchase YouTube channel, where creators create videos discussing the best products to purchase in specific categories. By including affiliate links in the video descriptions, creators can earn money from product sales.

Purpose of the video

The purpose of this video is to provide viewers with the knowledge and steps needed to start a YouTube channel and make money through product reviews and affiliate marketing. Joshua Mayo aims to educate and inspire viewers to explore this side hustle opportunity.

Disclaimer and affiliate links

Joshua Mayo includes a disclaimer in the video stating that the content is for entertainment purposes only and does not constitute investment advice. He also mentions that the included links may contain affiliate commissions or referrals. Viewers should be aware that these links may benefit Joshua Mayo financially. Viewers should do their own research and exercise caution when making purchasing decisions.

2. Starting a YouTube Channel

Benefits of starting a YouTube channel

Starting a YouTube channel offers numerous benefits. It allows you to share your passions, expertise, and creative content with a wide audience. YouTube provides a platform for self-expression, building a community, and potentially earning a steady income through various monetization methods.

Steps to start a YouTube channel

To start a YouTube channel, follow these steps:

Choose your channel niche: Decide on the topic or category you want to focus on.
Create a Google account: Sign in to Google and create a YouTube channel using your account.
Customize your channel: Add a profile picture, channel art, and channel description to brand your channel.
Plan your content: Determine the types of videos you want to create and develop a content schedule.
Film and edit your videos: Use a camera or smartphone to record your videos and edit them using video editing software.
Optimize your videos for search: Include relevant keywords, engaging titles, descriptions, and tags to help your videos rank higher in search results.
Upload and promote your videos: Upload your videos to YouTube and share them on social media and other platforms to increase their visibility.
Engage with your audience: Respond to comments, interact with viewers, and build a community around your channel.

Tips for channel branding and optimization

To optimize your YouTube channel and attract a growing audience, consider the following tips:

Choose a memorable and descriptive channel name that reflects your content.
Create visually appealing channel art and thumbnails to grab viewers’ attention.
Write compelling video titles that accurately represent your content.
Craft keyword-rich descriptions and tags to improve searchability.
Utilize end screens and cards to promote other videos and encourage viewers to subscribe.
Collaborate with other YouTubers to expand your reach and gain new subscribers.
Engage with your audience by responding to comments, hosting live streams, and creating community posts.
Consistently upload high-quality content to keep your subscribers engaged and attract new viewers.

3. Creating Videos on Product Recommendations

Exploring the concept of product recommendation videos

Product recommendation videos involve showcasing and reviewing products in a particular category. These videos aim to provide helpful information, guidance, and personal opinions to viewers who are looking to make informed purchasing decisions. Creators can focus on a variety of products, such as tech gadgets, home goods, or fashion accessories.

Finding the best products to promote

When selecting products to promote in your videos, consider the following factors:

Research popular and trending products in your chosen category.
Look for products with positive reviews and high ratings.
Consider the target audience and their needs and preferences.
Take into account the price range and profit potential of the products.

Tips for creating engaging and informative product review videos

To create effective product review videos, follow these tips:

Be honest and transparent in your reviews. Share both the positive and negative aspects of the products.
Provide in-depth information about the features, specifications, and benefits of the products.
Include personal experiences and anecdotes to make the reviews more relatable.
Use clear and concise language to explain complex features or concepts.
Show real-life demonstrations of the products to give viewers a better understanding.
Incorporate visuals, such as close-up shots, comparisons, and unboxing, to enhance the viewer’s experience.
Add timestamps or chapters to allow viewers to navigate through different sections of the video.
Encourage audience engagement by asking for feedback, opinions, and product suggestions in the comments section.

4. Using Affiliate Links for Monetization

Understanding affiliate marketing

Affiliate marketing is a performance-based marketing strategy where creators earn a commission by promoting and driving sales for a particular product or service. Creators can join affiliate programs and receive unique tracking links. When viewers make a purchase through these links, the creator earns a percentage of the sale.

How to include affiliate links in video descriptions

To include affiliate links in your video descriptions, follow these steps:

Join affiliate programs relevant to your channel’s niche and the products you review.
Obtain your unique affiliate tracking links from the affiliate platforms or networks.
Add these links to the video description, either directly or using link shortening services.
Clearly disclose your use of affiliate links to maintain transparency with your audience.

Maximizing earnings through strategic affiliate partnerships

To maximize your earnings through affiliate marketing, consider the following strategies:

Choose affiliate programs that offer competitive commission rates.
Focus on promoting products that align with your audience’s interests and needs.
Consider negotiating higher commission rates or exclusive discounts for your viewers.
Leverage your audience’s trust by providing honest and valuable product recommendations.
Experiment with different types of affiliate promotions, such as product comparisons, top 10 lists, or limited-time offers.
Track your affiliate performance and make data-driven decisions to optimize your promotions.

5. Success Stories and Earnings

Examples of successful channels using this strategy

There are numerous successful channels that have adopted the strategy of creating product review videos with affiliate links. Some notable examples include:

Top Tech Reviews: This channel focuses on in-depth tech product reviews and has amassed over 1 million subscribers. The creator earns a significant income through affiliate partnerships with tech companies.
Beauty Product Guru: With a focus on makeup and skincare product reviews, this channel has gained a dedicated following of beauty enthusiasts. The creator has leveraged affiliate marketing to earn a substantial income from product recommendations.

Insights into their earnings and revenue streams

While specific earnings vary greatly depending on channel size, niche, and affiliate partnerships, successful channels using the product review strategy can generate substantial income. Earnings can range from a few hundred dollars to several thousand dollars per month, and in some cases, even higher.

The main revenue streams for these channels come from:

Affiliate commissions: Earned through product sales generated from the affiliate links in the video descriptions.
YouTube Partner Program: Channels that meet the eligibility criteria can monetize their videos through ads served by YouTube.

Strategies for scaling and growing your YouTube channel

To scale and grow your YouTube channel, consider implementing the following strategies:

Consistently create high-quality content that adds value to your viewers’ lives.
Promote your videos on other platforms, such as social media, blogs, or forums.
Collaborate with other YouTubers to tap into their audience and gain exposure.
Analyze your video analytics to identify what content resonates with your audience and create more of it.
Engage with your audience by responding to comments, hosting Q&A sessions, or creating community-focused content.
Utilize YouTube’s SEO features, such as optimizing titles, descriptions, tags, and utilizing relevant keywords.
Continuously educate yourself on YouTube trends, algorithm changes, and new video creation techniques.

6. Reviewing High-Ticket Items

Explanation of the benefits of reviewing high-ticket items

Reviewing high-ticket items offers several advantages for creators:

Higher commission potential: High-ticket items often have higher price tags, which means higher commission rates for affiliates.
Increased earnings per sale: Selling a few high-ticket items can result in more substantial earnings compared to selling multiple low-ticket items.
Authority positioning: Reviewing high-ticket items positions creators as experts in their field and can attract a more affluent and engaged audience.
Partnership opportunities: High-ticket items tend to have more established brands, increasing the chances of forming strategic partnerships.

Identifying profitable niches and industries

When identifying profitable niches and industries for high-ticket item reviews, consider the following:

Research industries with high-priced products and consistent demand, such as technology, home improvement, luxury goods, or professional equipment.
Analyze market trends, consumer behavior, and industry forecasts to identify emerging niches and untapped markets.
Consider your own expertise and passion to ensure authenticity and genuine interest in the products you review.

Strategies for positioning yourself as an authority in the field

To establish yourself as an authority in reviewing high-ticket items, implement the following strategies:

Conduct thorough product research and stay up-to-date with industry news, releases, and advancements.
Provide in-depth, detailed, and unbiased reviews that demonstrate your expertise and knowledge.
Develop a unique reviewing style or perspective that sets you apart from other creators in the same niche.
Collaborate with industry experts, manufacturers, or professionals to add credibility and value to your content.
Share personal experiences, stories, and tips related to the products you review.
Engage with your audience by responding to comments, asking for feedback, and fostering discussions around the high-ticket items you review.
Leverage social proof, such as testimonials or endorsements from satisfied customers or industry authorities.

7. Tools and Resources for YouTube Success

Introduction to vidIQ and its features

vidIQ is a powerful browser extension and YouTube analytics tool that provides valuable insights and features to optimize your YouTube channel. Some of its key features include:

Competitor analysis: Explore the trending videos and top keywords of successful channels in your niche.
Keyword research: Discover high-ranking and relevant keywords to improve your video SEO.
Channel audit: Analyze your own channel’s performance, identify areas for improvement, and track your growth.
Tag suggestions: Get suggestions for relevant tags that can improve the discoverability of your videos.
Video statistics: Access detailed analytics, such as views, engagement, watch time, and audience demographics.
SEO score: Evaluate the SEO strength of your video descriptions, titles, and tags.

Utilizing popular keywords and trending topics

Using popular keywords and targeting trending topics is crucial for increasing the discoverability and visibility of your videos. By leveraging vidIQ’s keyword research feature and exploring trending videos in your niche, you can identify relevant keywords and topics to incorporate into your video titles, descriptions, and tags. This ensures that your content aligns with what viewers are searching for and increases your chances of appearing in search results.

8. Enhancing Videos with Visuals and Music

Finding and using images and videos legally

When enhancing your videos with visuals, it’s important to use images and videos legally to avoid copyright infringement. Some sources for legally obtaining visuals include:

Stock photo websites: Platforms like Unsplash, Pixabay, or Pexels offer a wide range of free and royalty-free images.
Creative Commons: Websites like Flickr or Wikimedia Commons provide images with different Creative Commons licenses, allowing for legal use with proper attribution.
Company websites: Many product manufacturers or brands offer high-quality images and videos for promotional use.

Always ensure that you have the necessary permissions and rights to use visuals in your videos. Read and comply with the licensing terms and give proper attribution when required.

Overview of Creative Common licenses

Creative Commons licenses provide a standardized way for content creators to grant permission for others to use their work. The specific terms of each Creative Commons license may vary, but they generally allow for the free distribution and usage of copyrighted material, with certain conditions. These conditions may include requirements for attribution, non-commercial use, or the creation of derivative works. It’s important to familiarize yourself with the specific terms of Creative Commons licenses when using visuals in your videos.

Using music platforms for background music

To add background music to your videos legally, consider using music platforms that offer royalty-free or Creative Commons-licensed music. Some popular options include:

Epidemic Sound: A subscription-based platform with a vast library of high-quality music tracks specifically curated for content creators.
Artist: Another subscription-based platform that provides a wide range of royalty-free music tracks for various video projects.
YouTube Audio Library: YouTube itself offers a collection of free music tracks that creators can use in their videos directly.

Always review and comply with the licensing terms of the music platforms you choose to ensure legal and proper usage of the music in your videos.

9. Streamlining the Video Creation Process with AI

Introduction to AI tools for video scripting

AI tools can streamline the video creation process, specifically in tasks like video scripting. These tools utilize artificial intelligence algorithms to generate automated scripts based on user input. By leveraging AI, creators can save time and effort in scripting their videos, allowing them to focus on other aspects of content creation.

Generating scripts with ChatGPT or Bard

Tools like ChatGPT or Bard utilize natural language processing algorithms to generate human-like text based on prompts provided by the user. Creators can input their video topics, descriptions, or key points and receive a generated script that can serve as a starting point for their video content.

Text-to-speech options for voiceovers

Text-to-speech (TTS) technology enables creators to generate synthetic voices for their video voiceovers. Tools like inVideo or Eleven Labs provide TTS functionality, allowing users to convert text into natural-sounding speech using various voice options and accents. Alternatively, creators can use their personal devices to record voiceovers for their videos.

11. Conclusion

Recap of the top way to make money on YouTube in 2024

The number one way to make money on YouTube in 2024 is by starting a video to purchase YouTube channel. This strategy involves creating videos discussing the best products to purchase in specific categories and including affiliate links in the video descriptions. By focusing on high-ticket items and optimizing content for search, creators can maximize their earnings potential.

Final thoughts and considerations

Starting a YouTube channel and utilizing the video to purchase YouTube strategy requires dedication, research, and consistent effort. It’s important to provide valuable and honest content to build trust with viewers. Remember to comply with legal and ethical guidelines, such as disclosing the use of affiliate links.

Encouragement to take action and start your YouTube side hustle

If you’re passionate about a specific niche or have expertise in a particular industry, starting a YouTube channel and leveraging the video to purchase a YouTube strategy can be a lucrative side hustle. With the right tools, dedication, and perseverance, you can create engaging content, attract an audience, and generate income through affiliate marketing. Don’t hesitate to take action and embark on your YouTube journey today. Good luck!