In the video titled “How I Built 8 Income Streams By Age 22 – How I Make $6K a Day” by Make Money Matt, he shares his journey and strategies for making money online. He discusses his various income streams, including ad revenue from his Faceless YouTube channels, YouTube revenue from his personal channel, affiliate marketing, selling digital products, and more. Make Money Matt emphasizes the importance of choosing niche channels, promoting digital products with high commission rates, and running ads to attract potential customers. He also offers a course called Tube Mastery and Monetization, which teaches individuals how to grow successful niche YouTube channels. By sharing his experiences and advice, Make Money Matt aims to inspire and help others achieve financial success through online ventures.
Make Money Matt reveals his eight different income streams and provides insights into how he generates revenue online in the video “How I Built 8 Income Streams By Age 22 – How I Make $6K a Day”. From the ad revenue generated by his Faceless YouTube channels to the income derived from affiliate marketing and selling digital products, he explains the strategies and techniques he used to build his income streams. Make Money Matt also promotes his course Tube Mastery and Monetization, which offers guidance on creating and growing niche YouTube channels. Through his video, Make Money Matt aims to inspire and motivate others to explore the possibilities of making money online while providing valuable information and assistance along the way.
Income Source 1: Ad revenue from Faceless YouTube channels
Make Money Matt’s income breakdown
Make Money Matt reveals that ad revenue from his Faceless YouTube channels makes up 19% of his total monthly income. He started this income stream when he was just 14 years old and broke. He chose a niche, downloaded videos, added value to them, and uploaded them to YouTube. By doing this, he was able to make money from the ad revenue generated by his videos. Nowadays, he runs over a dozen different channels and makes around $30,000 per month from ad revenue alone.
Examples of successful niche channels
Make Money Matt provides examples of successful niche channels that make money through ad revenue. One example is Brainy Dose, a channel that produces psychology videos without showing their face. This channel receives millions of views per month and likely earns around $10,000 to $20,000 per month from ad revenue. Other examples include Body Hub, a health channel, Nukes Top Fives, a channel that looks at scary ghost videos, and Philosophies for Life, a channel that talks about different philosophers and psychology.
Tips for monetizing through ad revenue
To monetize through ad revenue, it’s important to choose a niche that resonates with your audience. Additionally, you can use stock footage and do a voiceover to create engaging videos without showing your face. You can find free stock footage on various websites. Running multiple channels and eventually hiring others to do the work for you can also increase your ad revenue.
Income Source 2: YouTube revenue from personal channel
Make Money Matt’s income breakdown
Make Money Matt’s YouTube revenue from his personal channel makes up 10% of his monthly income. He started this channel when he was 18 years old, overcoming his fear of being in front of the camera. This personal channel focuses on teaching what he knows about making money online and has the potential to earn even more through ad revenue.
Tips for optimizing YouTube revenue
To optimize YouTube revenue, it’s important to consistently post videos and engage with your audience. Make Money Matt suggests posting videos regularly to increase revenue from ad placements. It’s also beneficial to choose a niche with a high cost-per-thousand (CPM) rate, meaning there are more advertisers willing to spend money on related videos. This increases the potential earnings from ad revenue.
Promoting software with recurring revenue
Make Money Matt discusses the advantage of promoting software with recurring revenue as an additional income stream. By becoming an affiliate marketer for software products, such as video editing or keyword research tools, you can earn a recurring commission every time someone signs up or renews their subscription. This can be a valuable source of passive income.
Income Source 3: Affiliate marketing
Make Money Matt’s income breakdown
Affiliate marketing makes up 6% of Make Money Matt’s monthly income. This income stream involves promoting affiliate products through his YouTube channels and earning a commission for each sale made through his affiliate links.
Choosing high commission rate products
Make Money Matt recommends promoting digital products with high commission rates, such as online courses. By promoting products that offer at least $100 per sale, you can maximize your earnings. Platforms like Digistore24 and ClickBank provide a wide range of digital products that offer affiliate programs.
Tips for successful affiliate marketing
When engaging in affiliate marketing, it’s important to genuinely believe in and recommend the products you promote. Building trust with your audience is crucial for success. Make Money Matt suggests creating valuable content related to the products you promote, such as tutorials or reviews, to provide added value to your audience. Consistently track your affiliate links’ performance to optimize your marketing strategy.
Income Source 4: Selling digital products
Make Money Matt’s income breakdown
Selling digital products accounts for 45% of Make Money Matt’s monthly income. This income stream involves creating and selling online courses related to niche skills in areas like health, wealth, happiness, technology, or travel.
Importance of niche skill proficiency
Make Money Matt emphasizes the importance of becoming proficient in a valuable niche skill before creating and selling online courses. By gaining expertise and demonstrating your knowledge in a specific area, you can establish yourself as an authority and attract potential customers.
Tips for creating and selling online courses
When creating online courses, it’s essential to provide high-quality content and a well-structured curriculum. Make Money Matt suggests using platforms like Teachable or Thinkific to host and sell your courses. Additionally, marketing your courses through your YouTube channels and social media platforms can help generate interest and sales.
Tube Mastery and Monetization course
Description of the course
Make Money Matt offers a course called Tube Mastery and Monetization that teaches people how to grow successful niche YouTube channels. The course provides step-by-step guidance on choosing a niche, creating engaging videos, and monetizing YouTube channels.
Make Money Matt’s income from the course
The Tube Mastery and Monetization course brings in around $70,000 per month for Make Money Matt. This course has allowed him to share his strategies and help others make money on YouTube without making videos.
Promotion strategies for the course
Make Money Matt promotes the Tube Mastery and Monetization course on various social media platforms, including Instagram and Twitter. He also runs ads to attract potential customers. By leveraging his personal success and offering valuable insights, he aims to attract individuals who are interested in starting their own successful YouTube channels.
Promoting on social media platforms
The speaker’s approach
Make Money Matt emphasizes the importance of promoting income streams and courses on social media platforms. He personally uses Instagram and Twitter to connect with his audience and share valuable content.
Advertising methods
Make Money Matt suggests using paid advertisements, such as Facebook ads or YouTube ads, to target potential customers. These ads can be specifically tailored to reach individuals who are interested in making money online or starting a YouTube channel. By investing in targeted ads, you can reach a larger audience and increase your chances of making sales.
Targeting potential customers
Make Money Matt advises identifying the demographics and interests of your target audience and tailoring your social media content and advertising strategies to appeal to them. By understanding their needs and preferences, you can effectively engage with potential customers and drive sales.
Income Source 5: Selling high-ticket products
Launching own courses through coaching
Income Source 5 for Make Money Matt is selling high-ticket products, specifically teaching people how to launch their own courses through coaching calls and step-by-step blueprints. By sharing his knowledge and experience, he helps individuals create and sell their own profitable online courses.
Step-by-step blueprint for success
Make Money Matt provides a step-by-step blueprint for success in selling high-ticket products. This blueprint involves choosing a niche, becoming proficient in the niche skill, creating and marketing online courses, and effectively promoting and selling the courses.
Make Money Matt’s income from coaching
Make Money Matt generates income from coaching individuals on launching their own courses and offers one-on-one coaching sessions. While specific income figures are not disclosed, coaching is mentioned as one of the income streams that contribute to his success.
Income Source 6: Instagram
Sharing YouTube tips and tricks
On his Instagram account, Make Money Matt shares valuable YouTube tips and tricks with his followers. By providing helpful insights and strategies, he aims to attract individuals interested in growing their YouTube channels and making money online.
Selling courses on Instagram
Make Money Matt also offers his online courses, including the Tube Mastery and Monetization course, through his Instagram account. By sharing course information, testimonials, and success stories, he promotes his courses and attracts potential customers.
Earning income through shout-outs and affiliate marketing
Additionally, Make Money Matt earns income through shout-outs on Instagram, where he promotes other individuals or brands in exchange for a fee. He also utilizes affiliate marketing on Instagram, earning a commission for promoting products or services through unique affiliate links.
Income Source 7: Dividend income
Earning through investing in index funds
Make Money Matt generates dividend income by investing in index funds. Index funds are investment vehicles that allow individuals to invest in a diversified portfolio of stocks. Dividends are regular payments made to investors from the profits of a company.
Understanding dividends
Dividends represent a portion of a company’s earnings distributed to its shareholders. By investing in dividend-paying stocks or index funds, individuals like Make Money Matt can earn passive income through these regular dividend payments.
Make Money Matt’s dividend income
While specific income figures for dividend income are not disclosed, dividend earnings contribute to Make Money Matt’s overall income streams. By investing in index funds and leveraging the power of compound interest, he generates a steady stream of income.
Recommended roadmap for success
Learning a valuable skill
Make Money Matt recommends starting the journey to financial success by learning a valuable niche skill. By acquiring expertise in a specific area, you can provide unique value and stand out in the market.
Becoming proficient in the skill
It’s not enough to simply learn a skill; Make Money Matt emphasizes the importance of becoming proficient in it. By continuously improving your abilities and staying up to date with industry trends, you can establish yourself as an authority in your field.
Creating successful YouTube channels
Make Money Matt suggests leveraging YouTube as a platform to share your knowledge and generate income. By creating engaging niche YouTube channels and monetizing them through ad revenue and affiliate marketing, you can reach a wider audience and increase your earning potential.
Selling online courses
As an expert in your niche skill, Make Money Matt encourages individuals to create and sell online courses. The online education market offers significant opportunities for income generation. By providing valuable content and promoting your courses effectively, you can attract eager learners and generate steady revenue.
Long-term investment strategies
Make Money Matt emphasizes the importance of long-term investment strategies, such as investing in index funds, to generate passive income. By making smart investment decisions and allowing your investments to grow over time, you can secure a stable financial future.
In conclusion, Make Money Matt’s success story highlights the potential for individuals to build multiple income streams and make a significant income online. By leveraging platforms like YouTube, affiliate marketing, and social media, along with developing valuable skills and making smart investments, individuals can achieve financial independence and create a life of abundance.