How to Make Money on YouTube: 5 Money Mindsets You NEED to Succeed (Part One)

TL;DR

To make money on YouTube, identify what people want or need and provide it to as many of them as possible. The Think Marketing Podcast frames success as 20% strategy and 80% psychology, emphasizing beliefs and emotions that lead to massive action. It also connects financial success to the size of the problem solved and treats money as a consequence of serving others. Read on for the mindset behind that approach.

Transcript

success on youtube is 20 strategy and 80 psychology why because if you don't have the right mindset beliefs and emotions that lead you to taking massive action then you will never get results and in this episode of the think marketing podcast we're gonna specifically be talking about how to make money on youtube and five money mindsets that are cri... Read More

Key Insights

• 🖐️ Mindset, beliefs, and emotions play a significant role in achieving success on YouTube.
• 🤩 The key to making money on YouTube is understanding what others want and providing it.
• ❓ Financial success is related to the size of the problem solved for others and the market size.
• 🤑 Money is a consequence of serving and providing value to others, not the goal itself.

Questions & Answers

Q: How do you make money on YouTube?

Find out what other people want or need, then provide it to as many people as possible. The episode presents money as a consequence of serving viewers and delivering value rather than as the primary goal.

Q: Why is mindset important for YouTube success?

The episode describes success on YouTube as 20% strategy and 80% psychology. Without beliefs and emotions that lead to massive action, knowing the right tactics may not produce results.

Q: What are the three critical elements of success on YouTube?

The three elements identified are strategy, mindset, and emotions. Strategy includes the tactics, how-tos, tricks, and tips, while the inner elements provide the framework for taking action.

Q: How is financial success related to the problems you solve?

The episode says financial success is directly related to the size of the problem you solve for others. It also connects earning potential to how many people you can serve.

Q: Should money be the main goal of a YouTube channel?

No. The recommended focus is serving other people and providing value, with money viewed as a consequence of that service.

Q: How can creators understand what their audience values?

Creators should first get to know the people they want to serve. Understanding those viewers’ wants and needs helps creators decide what problems or desires their content should address.

Q: Why are YouTube tactics alone not enough?

The episode argues that information and mechanics do not automatically change behavior. Creators also need the mindset, beliefs, and emotions required to implement what they already know and stop procrastinating.

Q: Who is this Think Marketing Podcast episode for?

It is aimed at business owners, creators seeking a full-time YouTube living, people building a side hustle, and business-minded content creators. Its goal is to help them serve more people, earn more income, and build a business around a YouTube channel.

Summary & Key Takeaways

• Success on YouTube requires the right mindset, beliefs, and emotions, along with the right strategies and tactics.

• There is only one way to make money, which is to find out what other people want or need and provide it to as many people as possible.

• Financial success is directly related to the size of the problem you solve for others, and the larger the problem, the more money you can make.

• Money is a consequence of serving and providing value to others, not the goal itself.

• To serve others, you must first get to know them and understand their wants and needs.