How I Turned a Side Hustle into a 7-Figure Business

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The Funded YouTuber

GigaStar

51 episodes

3 days ago

Welcome to The Funded YouTuber, your guide to exploring full-time, funded success on YouTube. Join us as we uncover financial strategies behind thriving YouTubers' journeys to stardom. In each episode, explore the paths to full-time income, learn from their struggles and victories, and dissect the diverse income streams that sustain their creativity. This podcast is provided solely by Creator Networks, Inc. (DBA GigaStar).

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All content for The Funded YouTuber is the property of GigaStar and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business

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How I Turned a Side Hustle into a 7-Figure Business

The Funded YouTuber

47 minutes 41 seconds

1 year ago

How I Turned a Side Hustle into a 7-Figure Business

James Pelton, a successful YouTuber and entrepreneur, shares his inspiring journey of creating passive income and achieving financial freedom. Starting his YouTube channel as a side hustle while working a nine-to-five job, James grew it into a seven-figure business before selling it. He underscores the importance of starting a side hustle and gradually transitioning to full-time entrepreneurship. James discusses the challenges of meeting audience expectations and handling the pressure to provide financial advice.

He highlights the power of building an audience and the vast opportunities it creates, such as sponsorships, affiliate marketing, and speaking engagements. Pelton encourages creators to focus on providing value and solving their audience’s problems. He also dives into the multiple income streams he has developed through his YouTube channel, including sponsorships, affiliate programs, the Amazon influencer program, courses, digital products, consulting, and speaking.

Additionally, James talks about the benefits of freeing up time by hiring help and the new opportunities that come with having a dedicated audience.

Takeaways

- Start a side hustle while working a nine-to-five job to gradually transition to full-time entrepreneurship.

- Building an audience opens up opportunities for sponsorships, affiliates, and speaking engagements.

- Focus on providing value and solving your audience's problems.

- Don't let the fear of not having the right equipment or production value hold you back from starting on YouTube. Hiring help and freeing up time allows for better content creation

- Income streams on YouTube include sponsorships, affiliates, and the Amazon influencer program

- Creating training courses and digital products can generate passive income

- Providing value to the audience leads to financial success

- Opportunities arise when you have an audience

CHAPTERS:

00:00 - How I Turned a Side Hustle into a 7-Figure Business

01:17 - Making Money: Is Wealth a Factor?

07:43 - YouTube Earnings Timeline

10:10 - Biggest Financial Mistake

12:49 - Handling Haters Effectively

15:37 - Paths to YouTube Success

17:04 - YouTube vs Traditional TV

20:08 - Most Successful Financial Moment

23:24 - GigLabs Drop Experience Insights

27:40 - Reinvesting YouTube Income

31:55 - Breakdown of Income Streams

32:05 - Sponsorships: Key Income Source

36:42 - Amazon Influencer Program Overview

40:00 - Exploring TikTok Shop

41:06 - Courses and Digital Products

43:20 - Future Plans for James

45:07 - Next Financial Moves

---------------------- The Funded YouTuber is brought to you by GigaStar, the Parent Company of GigaStar Market, an SEC-registered funding portal and member of FINRA. Learn more at https://bit.ly/48xqpw9 Neither GigaStar nor its affiliated companies provide legal, regulatory, financial, or tax advice. Any opinions expressed herein are those of the author(s) and are for informational purposes only. The information and opinions expressed herein are subject to change without notice and do not take into account the particular investment objectives, financial situation, or needs of any specific investor(s). Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Past performance is not a guarantee of future results.