How To Make Money On YouTube With Dan Lok

Are you ready to learn how to make money on Youtube?

Dan Lok is back for another interview! Dan is a multi-millionaire entrepreneur who has built a very successful Youtube channel.

He recently reached over 1 million YouTube subscribers. He teaches people his personal strategy for how to get more subscribers and increase their influence.

In our interview together, Dan and I discuss how we've built up our channels, and why we think YouTube is one of the most powerful ways to make money online.

Watch the video below:

(Click here to watch on YouTube)

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Are you ready to learn how you can grow your YouTube channel to 1 million subscribers? CLICK HERE to join our FREE YouTube masterclass!

So, you want to make money on Youtube?

If you thought that all you needed to do was post a few videos, attract a following, and then watch the money magically flow into your account, think again. When it comes to making money on Youtube, there are no get rich quick schemes that will help you, long-term. You've got to develop a sustainable strategy. Creating and publishing high-quality content is only the first step. You also have to identify who is going to benefit from your content and how you can expand your reach.

YouTube isn't just a platform from which you can upload videos. It's also the second largest search engine. With 3 billion searches per month, YouTube’s search volume is larger than that of Bing, Yahoo, AOL, and Ask.com combined. It's fair to say that leveraging the power of YouTube has the potential to take your business to a whole new level.

Dan Lok has been my mentor for many years now. His story is one of rags-to-riches. When he was 14 years old, Dan immigrated to Canada. He had no money to his name and didn't speak a word of English. After dropping out of college, he dove into the world of entrepreneurship and never looked back. His story of success is an inspirational one. He has personally helped me make millions of dollars online. I am forever grateful for his knowledge and wisdom.

Dan has firsthand experience with the power of video. Over the years, he has learned how to master the art of building and leveraging his online presence. As a result, he has been able to position himself as one of the most powerful influencers and trusted thought leaders in the digital world.

He is also the Founder of Tube Your Own Horn.

This is a 6-week program that teaches people how to build a profitable YouTube channel from scratch. A lot of people have an interest in building a Youtube channel, but don't know where to start. In our interview, Dan and I talk about how you can get started and leverage the power of YouTube.

Do you mind sharing with people how you got into Youtube? What has that journey been like for you?

I never thought about being on YouTube. I've been doing marketing and business for many years. I uploaded my first YouTube video back in 2015. It was merely some footage that I had from one of my speaking engagements. Over time, my video got some traction. I made 6 figures from my first 10,000 subscribers.

As my channel grew, I was making a 7 figure income, which eventually turned into an 8 figure income. That's exactly what happened. There are YouTubers out there that have a lot of followers. That being said, that doesn't necessarily translate into revenue income. If you're not making money online from 100,000 subscribers, then you're probably not making money with 200,000 subscribers.

However, if you have a solid business model, it could work.

On social media platforms, like Instagram or Facebook, you get new feeds on your wall. It doesn't matter how good your content is, after a short period of time, it will get pushed down by something new. YouTube is more keyword-search based. This means that the effect that you have will be continuous. The platform keeps working for you. It can constantly bring in new leads, customers, and revenue for your business. In my eyes, using YouTube is all about building something versus creating the next best thing.

Do you mind sharing what you’ve noticed in terms of the quality of the leads that you attract before you offer them a product?

I've never had someone walk up to me and say, “Hey, I've read your book or your blog post.” However, I've had a lot of people come up to me and let me know that they've watched my YouTube videos. I call this “the halo effect.” From a business perspective, the power of video is undeniable.

When you are just getting started, it's important to understand that YouTube is not about you. Rather, it's about connecting with people just like you. Because there are billions of people in the world, you will find one person who has a similar background to you. When you share your story, people connect with you on a deeper level.

Before YouTube, I was already a good speaker. However, whenever I spoke in front of a camera, I would freeze up. When I'm speaking to an audience I can effectively interact with them. I feed off of their energy. However, when I'm talking to a machine, it feels strange. I used to do 2-minute scripted videos that would take me 14 takes. It was really difficult for me.

I made a decision that I needed to overcome my fear of talking in front of a camera.

Over time, I realized that perfectionism was killing me. Putting the business benefit aside, I think that publishing videos on YouTube is the ultimate personal development seminar. You learn to eliminate your own defects and you start to like yourself.

A lot of people don't like the way they look and sound. With video, you are constantly getting feedback from people which can motivate you to level up. Use videos as a tool to document your own process. I've watched some of my videos from a few years back and I've been able to see how I've grown as a person.

What are the different ways that someone can make money on YouTube?

A lot of people think that YouTube is all about making videos. Again, it's not about you. Rather, it's about your audience. I believe that Youtube is about making an impact, making money, and making a difference. Instead of using YouTube as a platform to get a lot of views or subscribers, think about how you can use your videos to help solve people's problems.

Building a Youtube channel around your skills and expertise is what it's all about.

Let's say that you are a real estate agent. There are hundreds of thousands of agents in the world. In order to stand out from the crowd, you could build a YouTube channel. Through video, why not educate potential prospects on the process that you go through when it comes to marketing a property? All of a sudden, anyone who watches your videos know how you work and do business. You have created a powerful visual experience that will work for you 24/7.

This is the formula for how to make money on YouTube.

If you are interested, Dan and I are doing a FREE masterclass together on YouTube. Dan will be sharing his strategies on how he built his YouTube channel from 0 to 1,000,000 subscribers. If you want to learn how to build a profitable channel that you can make money from that revolves around your passion, I encourage you to join!

Are you ready to build a successful YouTube channel?