Tag: Home Business Academy

Posted on

How to Grow a Profitable YouTube Channel

Multi-millionaires are being created every day on YouTube. With nearly one billion hours of video being consumed on YouTube daily, there should be no surprise that money can be made on this platform. It is estimated that one of the top YouTube channels generated nearly twenty-six million dollars in 2020 alone. There are many ways to grow a successful channel on YouTube as long as you have the desire, understanding, and tools to do so.

 

Here are six ways to turn your YouTube channel into a profitable business:

 

Pick a Niche and Consistent Schedule

The best way to grow a business on YouTube and any online market is to niche down. This way, you can use your time to create a consistent schedule of valuable content to share with your viewers. When viewers find your channel and notice you talk about a certain topic, they are more likely to join or subscribe rather than be confused by what you have to offer, as each video is about something completely different. Baking, cooking, financial, and travel channels are just a few of the popular niches to choose from.

 

Join the YouTube Partner Program

Once your reach one thousand subscribers and four thousand watch hours within a year, you can join YouTubes partner program. This is when you can get monetize your channel with advertisements using Google AdSense. Depending on your niche or topic, you will be given a certain CPM or cost per million views of those who watch the ads that display before your video. After YouTube takes their share, you will then be paid out by YouTube or Google monthly.

 

Create and Sell Your Own Merch

Once you build an audience or community, you can develop your own merch or clothing to sell to your audience. When you grow a community that values your content, they will want to give back and want your content as they have grown to love or need your brand and business.

 

Add Sponsored Content to Your Videos

Find brands or products you admire to share brief information on their products in exchange for a flat rate fee or commission through an affiliate link.

 

Get Paid by Your Fans

Include a donation button once you reach a certain subscriber count. Then, ask your audience to join your YouTube membership content or Patreon account, where a small monthly fee unlocks exclusive content.

 

Promote With Your Blog, Email, and Other Social Media Platforms

Even though YouTube is a powerful search engine, it is always a clever idea to promote your channel outside of YouTube, especially when you first start. It takes the YouTube algorithm a while to recognize your content and see it as valuable. If others watch your content as soon as you post it, it triggers the algorithm to share your content.

 

There are several ways to create revenue with your YouTube channel to grow into a sustainable and highly profitable business. First, the more quality content you post consistently, the more your audience will grow, increasing your revenue potential and success on YouTube.

 

 

How to Use YouTube Stories for Business

Posted on

Questions to Answer to Build a Successful Brand Community

Taking the time to question your motives, inspirations, ideas, and goals is important to building a solid and successful business. Developing a brand community that benefits both you and its members is no exception to this fact either. It allows you to truly identify what you need to achieve your goals more efficiently. In addition, creating a solid plan of action ensures you build a strong and active brand community from the beginning.

 

The more you understand and work to improve before building your community, the more likely you will succeed. Online communities allow you to form better connections with your customers while giving them a sense of purpose. In addition, they increase your brand awareness, recognition, and trust as long as they start with the right foundation.

 

Here are five questions to answer and evaluate to build a successful brand community:

 

Question One: Why do you need to build a community, and how will it support your target audience?

 

Knowing what’s in it for your group is really important because that’s how you’ll sell the idea of joining your community to them. When you tell them why the community exists and exactly how it will support them, they’re going to be more likely to want to join because you’ve told them why.

 

Question Two: Where should you start and grow your community and why?

 

Knowing where your audience likes to get their information and which social media platforms they use most will help inform you about what type of community you need to build. For example, some audience members are more likely to join Facebook groups over joining a community on your website. It will depend on what your audience wants and needs.

 

Question Three: What kind of actions do you want your community to take and why?

 

What do you hope each member of your community does to make their lives better or solve their problems as part of your membership or group? As people join, it’s imperative that you tell them what to do next. Whether filling out their profile information, creating an introductory post, or answering a survey, letting them know what to do and why you want them to do it will ensure more do it.

 

Question Four: What products or resources do you need to form an engaging and active community?

 

Make a list of all the products, services, and resources you need to create the engaging community you want to create. For example, do you need to invest in a customer service bot, create a self-serve FAQ, or something else?

 

Question Five: What key performance metrics should you track to ensure you achieve your community goals?

 

There is much more to success than likes and even engagement if none of that leads to sales. Therefore, your metrics should include matching your actions with increased revenue, but you also want to study engagement.

 

Filling in these questions is essential to outline the initial framework of your online or brand community. Understanding your value and showing how you can match that value with the needs of your audience ensures you have the resources and understanding to build a successful community. The community only returns what you put in. Therefore, starting with the right framework and knowledge secures maximum returns.

 

 

Six Strategies for Successful Community Building

Posted on

Common Business Problems that Building a Community Can Solve

If you are struggling to build your business and looking for ways to improve, building an online or brand community may be the best solution. In fact, it is likely the tool you’ve needed all along.

 

The following are five common business problems building a community can solve:

 

Poor Return on Investment

 

While email lists, advertisements, and your blog are all fabulous ways to generate interest in your offers, there is nothing more effective than truly getting to know your customers more intimately. If your ROI is not what you want it to be, but your customers are otherwise satisfied, a brand community can help you fix that problem.

 

You can create the community free or for a fee. It’s up to you. It really does depend on your niche and your business model, but you can test out various ways to run your community. Once you have a captive audience that you can communicate with regularly, they will start buying more, and your ROI will improve.

 

Poor Cashflow and Intermittent Revenue

 

Whether you provide services or products, or you’re an affiliate with no products of your own, if you work within a particular niche, your income is likely not consistent if you have not built a community of avid and hungry buyers. Having a membership-based community, whether paid or free, can stabilize your cash flow like nothing else.

 

In your communities, you can offer them the first peek at new products and services, get more feedback, receive more customer reviews, and even get your members to become brand advocates and recommend you to others much easier than you can without having a community.

 

Poor Credibility, Trust, and Awareness

 

Communities humanize businesses, and once that happens, your audience will start trusting you more. The credibility that you end up with after creating more awareness through community building will jumpstart your creative juices and end up helping you become even better in the eyes of your customer base due to all the inside knowledge you’ll gain by being part of your community.

 

Poor Business Growth and Stagnation

 

If you have grown as far as you can with what you are doing, consider building a community. An active and engaged community can really boost your growth and end the stagnation you’re experiencing. Even if you haven’t sold a solitary product yet, building an active community will generate new revenue.

 

Finally, you can vastly improve your customer service by setting up an active and involved community. Not only will your members offer each other community peer-to-peer support, but you’ll also be much more in tune with what is going right and wrong and learn better ways to help your members in the way they desire.

 

 

Four Ways Community Building Improves Customer Service

Posted on

Four Ways Communities Improve Customer Experience

Just one bad customer experience can destroy your reputation as a brand or small business owner. Research suggests that consumers are willing to spend more revenue on businesses that have excellent customer service.

 

In fact, a report conducted by The Economist states that 59% of the consumers surveyed are willing to reach out or find other businesses in hopes of a better customer experience. Building a brand community provides the customer experience you need to prevent this from happening.

 

Here are five ways communities can improve your target customer experience:

 

Communities Humanize the Support Process

 

Most consumers are very tired of being just another number or worse, a wallet, and not even thought of as humans. Small business owners are uniquely positioned to offer customers the most human support possible through their use of communities. If you participate, they’re going to see you as a real human with real feelings, and due to that, they’re going to buy more.

 

Communities Improve Customer Engagement

 

Not only will your customers engage and discuss your products one-on-one within the community, getting current ideas and insight into making use of your products and services, but they will also be more likely to respond to you and answer your questions due to the ease of communication in a group environment.

 

Communities Provide Clear Customer Insight and Understanding

 

While the community is mainly for your customer, the truth is, you will gain a lot from having a community. You’re going to learn more about your customer, and that will help you understand what they truly need from you within the bounds of your niche.

 

Communities Streamline the Customer Service Process

 

Offering more avenues of customer care to your customers will make them feel even more heard. It’s hard to provide phone support as a small business, but the next best thing is a community that allows them to publish their questions and find answers in your FAQ or by using your bot. Plus, sometimes you’re going to be there live to help.

 

In the end, making sure your customers have the best experience possible when communicating or engaging with your business prevents you from destroying your reputation or business altogether. Remember, most businesses have to shut down within ten years. The major contributing factors to these shutdowns include poor customer service and not prioritizing your target audience. Building a community provides you more control and tools to ensure you give the best customer experience at all times, anywhere around the world.

 

Four Ways Community Building Improves Customer Service

 

Posted on

How Communities Promote Lead Generation

Did you know that brand communities pull nearly seventy percent of traffic from search engines? In other words, communities due to SEO attract larger audiences from the search engines as they have the power to reach more customers and provide more value than other resources.

 

As time goes on and you share more content or encourage your members to interact, developing user-generated content, you increase the keywords or data you need for search engines to find you and your business.

 

Not only that, but people also thrive in communities—people like feeling connected to others. Even self-professed introverts are online and participating in online communities. When you have a wider reach and get more members, you are also more likely to easily sell more products with the generated social proof — which is exactly what online or brand communities provide. So, the wider your reach, the more engaged your communities, the more you can grow.

 

Here are five ways online or brand communities promote lead generation:

 

Superior Quality Content

 

The content generated in your communities will naturally be more relevant than anything you can produce on your own. Even if you are a member of your own ideal customer base, there will always be things that you’re just not going to know to ask. Having a community will reveal inside information from your group members about what type of content they want to consume. Hint: Once you have this information, you can use it to generate content outside of your community too.

 

Word-Of-Mouth Marketing

 

We keep mentioning word-of-mouth marketing because it’s imperative that you understand how important this is. It’s a big deal to know that you can speak to your customer directly, and they are essentially holding you in the palm of their hand.

 

They may even read your group content while taking care of their personal business, waiting on kids, or even while drinking coffee. As a result, they feel relaxed and can engage when they want to on their time which makes them feel good about you, so good they tell others about you.

 

Insights and Analytics

Home Office Automation Tips

You know that everything is about data today. All the choices you make in your business, and your life, are affected by the information you collect and the data you generate. Just reading this, you are generating data because your IP address is almost always recorded when you go to someone’s website to read it. Likewise, you will know when your audience members read your content and even where they go next, and if they leave a comment, you will learn even more.

 

This information can help you develop sales material, new products, more services and give you ideas about problems and solutions that your audience needs.

 

Feedback and Reviews

 

For some reason, group members are much more likely to provide feedback and product reviews than people who buy the same thing but never interact with the community. If you want more feedback and reviews, hosting a community is a sure-fire way to make it happen. When you get this feedback and the reviews, it’s on you to use them to improve.

 

Member-To-Member Engagement and Interaction

 

Watching your members interact and engage with each other is also a really big deal. In the old days, you might have to form a focus group, but in these modern times, all you need is to create a vibrant and active community to find out what your members think of your products and services.

 

As you can see, communities are attractive to consumers. They provide the social proof and trust they need to join your community and potentially increase your revenue. In other words, the larger and more engaged the community is, the easier it will be to find people to market to. So, if you want the potential of endless leads, starting a brand community should be at the top of your priority list.

 

 

 

 

Posted on

Three Steps to Building a Highly Engaged Brand Community

Communities work because they are engaged. Engaged people feel connected and form relationships that keep them around long term. Thus, allowing you to grow a healthy and sustainable business. In addition, through these communities, you can inspire your members to take action that benefits your business and them.

 

Follow these three steps to build a highly engaged and active brand community:

 

Step One: Define Your Business Values and Align Them with Your Customer Needs

 

Your customers’ needs come first, but you need to understand what your business values are. When you can share what you stand for and show that it aligns with your customer’s needs, you’ll really stand out in a big way. For example, if your business holds the value of a commitment to the customer, that needs to be very clear in every interaction you have.

 

Step Two: Choose the Right Platform and Community Structure

 

Lots of activity on every platform is not required to succeed. However, it is important to start an account if your customers are there. Social media platforms come and go, so even if you focus on one more than others right now because that is where your customers are, that doesn’t mean that will be the same one you’re focused on later.

 

The right platform to use to build your community is the one your customers will use. That may seem like a cop-out to say, but it’s true. The platform you choose needs to be the platform your customers like, even if you don’t like it. For a lot of businesses right now, that means Facebook Groups.

 

Step Three: Share and Engage with Relevant Content

 

More important than anything is not the platform as much as what you share with them on the platform. Provide interesting information, education, and offers for them to take advantage of throughout the year. Try to offer something new to them every single day if you can.

 

Content is where engagement and interaction breed and continue. Without content, you won’t be able to inspire and influence your audience to act. Without action from your target audience, you won’t find success within your community. An active and engaged community leads to success because they share the valuable information they appreciate with others or make direct purchases. The way to grow their trust and find value from you is through the content you share.

 

Following these steps will ensure you set up the right community for your business and target audience. These steps are essential to review and not overlook if you want to build a thriving, inspired, and engaged community. Knowing what your brand stands for, and using the platform your audience prefers, while keeping them active with relevant and actionable content will make your community exceptional.

How to Repurpose Your Influencer Marketing Content

 

 

Posted on

How Brand Communities Provide Endless Value to Business

While all brand communities should be working hard to provide value to their audience, it is important to look into all the benefits they give back to see why the challenging work is worth the effort. Communities take time and hard work through unique content and creativity that inspires your members to grow with you and others outside the group.

 

Here are four vital ways communities provide endless value to your business:

 

Communities Make You Stand Out Against the Competition

 

When you host a vibrant community that makes the audience feel heard, you will stand out from your competitors in a big way. Of course, not everyone builds a community the same way, so what works for your members may not work for someone else. However, how you run the community will make people stick to you.

 

If your audience needs answers fast and they get them from you quickly through the group, they will return repeatedly and skip going to the other person. Most people just want solutions as quickly as possible.

 

Communities Are a Source of Vital Quality Content and Education

 

Not only will you educate your community using content, but you will also get content ideas from your members. Audiences like to discuss issues within smaller communities, and you can be like a fly on the wall watching the discussion. The questions and the conversation can open you to many more content ideas than never being part of a community.

 

Every question, review, criticism, and discussion within your community is a fabulous source of vital information that you can use to create quality content and educational materials.

 

Communities Provide Customer Support and Guidance

 

If you have a community, be ready for most people to come to that group first for customer care. Then, of course, you can redirect them to your customer care system, but it can also be really helpful for you to service them right in the group. When people see how valuable you are, it helps them feel safe.

 

The really neat thing about allowing for customer care to happen inside your groups is that your loyal customers who receive this care will also start doing it for you when you’re not around, free of charge.

 

Communities Supply Customer Input and Direction

 

When you really get your community hopping with daily information, discussion, and interaction, you’ll end up with a never-ending supply of input that you can use for more products and services. Plus, you can use the information to better direct your customers toward the products and services they need.

 

Communities provide a space for your customers to learn about your offers, get educated about the topic, and also review your products and services, so you know where to improve or what to create next to show your target audience how much you value them as you provide the solutions they need.

 

 

 

Posted on

Six Strategies for Successful Community Building

A brand community is only as valuable as the work you put into it or provide. Meaning you can’t expect the community to do the work for you at all times. You must put work into it first to gain the amazing benefits brand communities return. Strong communities share your messages across many different avenues, starting with their closest friends and family, ultimately increasing your brand awareness, recognition, and credibility.

 

Here are six community building strategies to learn and how they can grow your business:

 

  1. Incorporate Customer Feedback – When you receive any feedback from a customer, whether email, in the community, or otherwise, use that information in the community. If it’s positive feedback, call out the customer in the group and thank them. How you respond to negative feedback demonstrates how you will make it better or change something you do. This shows your customers you are listening.

 

  1. Respond to Product Reviews – If someone gives you a review, don’t just ignore it. Instead, respond to it by thanking them, providing even more greatness, or if it’s not as good as you’d like, make it right by being understanding and letting them know you are here for them.

 

  1. Embrace User-Generated Content – The remarkable thing about building a community is the user-generated content that can be used and put to use. For example, you can ask for advice in a group about something relevant, compile it, and then make a blog post about it.

 

  1. Host Online and Offline Events – You can also start hosting events once you have a captive audience in the community or group. Events are great ways to bring your community even closer and get to know your audience even more. The wonderful thing is you can do events online or offline as long as your particular community is interested.

 

  1. Develop a Members’ Affiliate Program – One way to get your audience in the community engaged is to let them earn money or prizes promoting your products, services, and community by setting up an affiliate or referral plan.

Six Tips to Improving your Social Media Story Content

  1. Create and Share Valuable and Unique Content – Most importantly, use your community to create and share valuable content that stands out from the crowd. The more tuned in to your community, the easier this becomes.

 

Be sure to incorporate these strategies as you grow your own brand community if you want to reap as many benefits as possible. Again, the more valuable information or resources you provide or add to the community, the more they are willing to return. If they go to bed tonight having enjoyed the interaction in your community, they will be back tomorrow, which means you need to ensure something more is there for them tomorrow.

 

 

 

Posted on

Five Tips for Using YouTube and YouTube Stories for Business

To squeeze more benefits out of your YouTube channel and stories, you need to plan and make quality content for your target audience. YouTube is only as beneficial as the content you bring to your viewers.

 

Thankfully, you can follow many tried and true methods or tips to ensure you get the most out of this platform. In addition, once you reach the required number of subscribers, you can also unlock their story features, giving you yet another valuable tool to creating better and more engaging content.

 

The following are five tips on using YouTube and YouTube stories to market your business effectively:

 

Create Content That Provides Value or Solves a Problem

 

While you also need to post highly valuable long-form content, stories should be no exception. However, make it more interactive and always think about how you can get the viewers involved. Think of the content you create as a conversation between a family member or another loved one.

 

Build Community

 

Use the reply to comment in the story feature to build a strong bond and community with your viewers and audience. Don’t ignore their comments or responses. This tool allows you to do it more directly and personally. Further increasing your credibility and trust as a business and a YouTuber. Adding a “Mention.”

 

Share Announcements or Updates

Use YouTube stories to update your audience with brand new information or product announcements and releases. Add an option for them to reply to get their direct feedback, and be sure to find a certain amount of time to respond to as many as you can.

 

Tease Your Next Long-Form Video

 

YouTube must have regular video content in order to take advantage of its stories features. The main purpose of the YouTube stories feature is to keep your audience subscribed and involved with your brand or niche. In other words, it further installs the value you bring to them with your long-form videos. So never miss a moment to share your new videos. YouTube stories provide a feature called the “Video” sticker to do this very thing – making it a super simple and easy process to get started.

 

Think Mobile

How to Repurpose Your Influencer Marketing Content

Finally, but certainly not least, YouTube stories can only be viewed on mobile – giving you another way to create different and new content.

 

Be sure you take advantage of the benefits YouTube provides by following each of these tips. The more you put into your YouTube channel, the more benefits your business will receive. Quality and engaging content allow you to build the community you need to market your business better and achieve your goals.

 

 

 

Posted on

Why You Should Take Advantage of Social Media Stories

To Increase Brand Awareness and Exposure

 

Social media stories are highly shareable content, making it easy to increase your exposure and awareness on the internet. Bringing value to your audience ensures that they want to share it with their peers, increasing your views and exposure. A vital step to the success of any business on the web. It’s simple, the more people you can get to view your content, the more likely your viewership or audience will grow. Social media stories are another creative and interactive avenue to do this.

Struggling With Social Media? A Calendar And System Can Help

To Humanize and Personalize Your Brand

 

Social media stories are powerful because they are viewed as a more personal and less informal way to communicate with your audience. Showing your human side effectively increases your reputation as a business, as many viewers see this as a more trustworthy trait. This inspires more trust and credibility required to transition your readers or viewers into loyal or paying customers. Being more personable and human also shows your relatability beyond your business responsibilities and goals. You can understand what your audience goes through daily.

 

To Increase Audience Engagement and Interaction

 

Audience engagement is how you keep them interested in your business. It also provides them value or solves a problem, further increasing your exposure and reputation as a brand or business. Again, the more value you bring, the more successful you will be. Engaging content keeps your viewers wanting more and provides you more resources to update and perfect your products or services.

 

Take advantage of these benefits by adding social media stories to your marketing plan today. The more tools you use within each platform, like stories, the easier it can be to build your awareness and exposure as a business while improving your audience engagement and participation. In other words, not taking advantage of social media stories is a poor decision and only shows your audience that you don’t care to adapt or provide them more value.