CENTS - How I'm taking my business to the next level

[fx.lukasx]

Hey everyone,
I would love if you gave your valuable feedback to the next stage of my business.

Current situation:
At the moment, I run a tech related youtube channel (170k subs, making me ~$8-9k per month through adsense)
- it’s okay, and still scalable but I’m violating the commandment of control

The idea:
Besides my main channel, I experimented with tech documentaries on youtube:
- examples of content: ”Why Apple Skipped iPhone 9” and similar…

So far, I published 20 videos that gained all together 128k views.
The feedback was pretty good (attached as pictures)

I have 6+ years of video editing experience and know some stuff about tech already. So that’s why I think the videos are ok.

But I don’t wanna stay on youtube.
Instead, I think of creating my own streaming platform.

Key points of the idea:
- using realtively easy solutions (uScreen for example) which works as platform to host my content
- price? Not sure, thought about $9/m
- content would be created by me (longer 20-30 min videos) and hopefully of higher quality than youtube
- promoted on youtube

The last picture I attached was the seed that planted this idea. Somebody wanted to support my work on patreon. So why wouldn’t they want to subscribe to my platform?

CENTS
C - I’d own the platform, and control pricing, even though I still rely on some hosting software
E - you need to have some skills (video editing, tech knowledge) to be my competitor
N - people watched some of my content so I would assume that there is a need for HQ documentaries about tech
T - This should be fine, as I create my specialized unit, and can even outsource the production
S - online, so easily scalable

Please, if you have a second, leave me your thoughts and criticize my thoughts.
Point out where the flaws are and what I don’t see.

Thank you very much for your time folks.
-Lukas

 

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[Akaushra]

Unfortunately unless you become the next Mr. Beast this won't be a million dollar buisness. I would try to outreach to brands and see, though, after all, I don't do youtube, and don't know how much they pay.

 

[Jrjohnny]

I think this could be a great idea!

You can keep on creating YouTube videos, spread onto other types of exposure and create a website where you give tech tips

You can create videos helping people, and then sell your group for X$/month

People can join, and ask you personal questions, tips, and you can walk them through it.

Grow a community, and help a bunch of people. It would be something like this forum but more niched down.

Or you can just create a community for free and add payed features,

There are tons of paths to walk down, I’m curious to hear what some other people have to say..

 

[Akaushra]

You can create videos helping people, and then sell your group for X$/month

The only problem is he'd have to be pretty damn good, there are a lot of groups like that online, usually for free. @fx.lukasx If that's something you'd be able to conquer than go for it, I mean there's no need to reinvent the wheel. If I were you I would work on scale before anything, as long as there isn't anyone you are taking care of.

 

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[fx.lukasx]

Unfortunately unless you become the next Mr. Beast this won't be a million dollar buisness. I would try to outreach to brands and see, though, after all, I don't do youtube, and don't know how much they pay.

Well, I don't want to rely on YouTube AdSense, right... instead, the income would be from my paid subscribers.
That is the idea.

MrBeast is an Adsense millionaire.

I'd rather have my own platform.

also what brands are you referring to?

 

[Akaushra]

Well, I don't want to rely on YouTube AdSense, right... instead, the income would be from my paid subscribers.
That is the idea.

MrBeast is an Adsense millionaire.

I'd rather have my own platform.

I agree.
Although MrBeast I thought made money mostly from sponsors these days.

 

[fx.lukasx]

I agree.
Although MrBeast I thought made money mostly from sponsors these days.

Yeah, sponsorships as well.
But don't think of my idea as the usual YouTube style.

Think of it as an app on your phone, like Netflix.
it would take a while for me to build enough value (by creating good, evergreen documentaries) but once done, would it really be a bad idea?

5000 active subscribers paying 10dollars a month.
Is that unrealistic?
Because I pay many random monthly subscriptions..

 

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[fx.lukasx]

I'm realizing now, that I don't need any approval to do what I plan on doing.
And this comment from @Kak helped me tremendously, so I'm grateful for that.

 

[The Struggler]

It is definitely better to act with your vision and beliefs.If you believe you will succeed,go for it.If you fail,Take Responsibility and learn from it.