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In today’s post, I want to share with you some thoughts on is it smart to quit your full-time job and do YouTube.
I think that a lot of people that get into YouTube think it’s quick and easy money. And maybe you’ve already been making some videos, and you want to be a full-time blogger.
Maybe someone showed you their income reports, and they’re making quite a bit of money. And your jobs over here is paying $8 an hour. You’d instead make what they’re making.
If this is your thought and you want to quit your job, and you want to do YouTube full-time, think long and hard behind it.
YouTube Full-time – Behind the Scenes
There’re some exciting things about being a full-time YouTuber. There are some great perks.
Here are some pros:
- get flexibility on time
Here’re some cons:
If you want to spend more time with the family, then this is fantastic and great. For example, if you also want to travel a bit more and use this as a business and deduct those expenses, then this is also a great thing.
However, there are some big caveats you need to think about — things like stability. Stability is one thing that people don’t know. It’s not really in your control. Your income fluctuates.
Any earnings that you make, you’re making it from the ad revenues, the advertisers, the sponsorships, maybe some donations – so it fluctuates. And many people don’t realize that the stability of that is that important for them.
That’s the case, especially if you have family or kids. This is important for you because of the time that you can spend with your family. But, all of a sudden, the stability of income for your kids becomes even more critical.
Your kids have to eat, go to daycare, or they have to get some toys. You have to take care of their health expenses, which is another big problem. If health care is provided from your job at the moment with YouTube, you don’t get that.
There’s a lot of issues that you have to think about before you get started. Most people think about YouTube as the wrong approach.
Youtube as a Business – YES or NO?
Most people look at YouTube as their business. This is their business to make videos so that they can make money.
And they should be thinking like this: Here is my business and YouTube is just part of that business.
The other part could be:
- selling a product
- selling service
You have to sell something because otherwise, you’re just dependent on ad revenue. Most people don’t get that. You should check out our youtube courses if you’re serious and interested in making money online.
Learn how a business works. Learn how to make money online, not just take one thing or one medium and just try to make money from that.
You’re setting yourself up for a stream of income. You have YouTube, and you have one stream of income that’s making you money. But what about if YouTube goes down? Well, you have no products, you have no service and your incomes fluctuating.
But if you have customers, if you have products that you’re selling, you know you’re getting about three orders a day, whatever those orders are. It could be $295, it could be $400 service a day, or it could be something else.
In that case, at least then, you see the consistency of your total business – not just YouTube, which is only a compartment. That’s what I want you to think about.
With YouTube, you could make videos whenever you want. You could pre-film two months worth of videos and then go travel. You could spend more time with your family. You could have other people create videos, and you could sit back and do some of the other stuff.
Many pros are there to having a YouTube channel. But there are also cons to thinking about YouTube as its own business. And that is you don’t have stability if it’s just YouTube. You don’t have stability in the income.
You need income for your kids. There’s no health care. There’s no one to guide you. There’s the unknown, and yes, you have other people who are YouTubers, but they’re not leading you in your journey.
They’re not looking at things directly from your perspective to see what it is that you need to do to ramp things up and build your business.
Key Takeaway: Think about it in a bigger way. Build your business around YouTube rather than build and focus your income all around YouTube alone. You’ve got to grow the business part of it.
That’s the key that most people miss. They miss the business part. They just think about it from the YouTube part. People just start creating videos and making some money, and yeah, you could do that for a little bit. But it takes a while to ramp things up and make some decent money.
That’s because until you have a useful handful of subscribers, it’s not that profitable compared to a job. It takes time to get that going.
What can You do?
If I have 200 subscribers and I could just sell three of those people my product or service for $400 now, you’re talking more money.
And if they have a monthly service that you can provide to them, now you got this more on the stability. That’s what people want. They want the stability of consistent revenue and income, getting away from their 9-5 job doing whatever it is they’re doing.
They want to do something else, different, better, more positive, more enjoyable. That’s really where you probably want to get to initially. But you have to define those things. And you have to make it work for you.
Think long and hard before you start a YouTube channel. We’ll make another post talking about the pros and cons.
Think about the stability behind it. What is it that you want and what makes sense for your family, your kids. And is it worthwhile to give up the stability of your current job to go into YouTube?
If that is the case with you, then I want you to think deeper into you’re building a business. You’re not just a YouTube channel. You’re building an online business and where are the streams of income going to come from.