I shared on Instagram the Top 10 Profitable Youtube Niches and received great feedback from that post. After writing that I figured that some of you wondered well how do I know if my channel is profitable?
Let me clarify, I'm not only talking about Adsense when it comes to making money within your niche. If you don't have a large amount of following, it's going to be hard to make money off of Adsense alone. You need to have some type of product out whether it be a video course, e-book, clothing line, or having your own blog. There has to be something else besides Adsense!
So I'm going to be sharing a few ways of knowing if your channel is capable of making money.
I'll be quick!
#1: Is it TRENDING?
One way to find out if your niche is trending is by doing your research!
Go on Google Trends and type in certain keywords related to what you're channel is going to be about.
For example, if your channel is going to be about health topics like weight loss, I would go on Google Trends and type in something people might be interested in. For example, 'how to lose weight fast.'
Here's what that would like.
So there you would see what people are looking for and you can make videos related to those keywords! If you want to be fancy, try filtering the results to what was searched in 30 days.
#2: Has Product Potential
Moving on... Is your channel capable of having products to sell? This is important because one of the ways to make money on your channel is by selling products!
Let's say you have a hair care channel for natural hair and every week you give tips on keeping natural hair moisturized and healthy. What would be a perfect product to sell? You can create your e-book on the latest tips and tricks or create your products that can keep those natural curls healthy.
#3: Your competition is making money
First of all, don't think of competition as a bad thing. You can do so much research just because you have competition. Having people in the same niche as you will allow you to see if how many people are interested in watching videos that relate to your niche.
You also get to see other ways your competition is making money.
Let's say your youtube niche is making videos about faith and religion. That's easy. Kaelin and Kyrah perfectly demonstrate what you can do to make money! Their channel isn't about faith and religion, but they're a Christian couple who are very open about their faith.
Not only is Kyrah wearing one of the shirts that they're selling, but they have the merchandise right at the bottom of their videos.
If you're like me, then you like to scroll to the comments to see what everyone else is saying. But now, instead of going straight to the comments, you will get interrupted by being tempted to buy one of their products.
#4: There's a problem that needs to be solved!
To every problem, there is a solution! If you can solve your subscribers' problems, you can easily make extra cash on the side.
Let's say your niche is skin care and one of the problems your viewers have is acne, but you don't have any products to sell. Well, you can do affiliate marketing!
According to Wikipedia, Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's marketing efforts.
In simple words, you'll get paid for referring your viewers and subscribers to another product. But you'll only get paid if they purchase from your link!
The more passionate and/or desperate the end users, the more willing they are to part with their cash.
So what can you see from reading this post?
Almost all niches are profitable on youtube. You just need to be creative and do your research!
People who make videos on youtube about slime sell slime. People who make videos about losing weight sell ebooks or if they're a trainer, they have clients book their services. People who have a youtube channel that strictly pertains to making reviews about technology get sponsorships and free products at that!
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.