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How Often Should I Upload to YouTube to Grow a Channel Fast? https://myworkfromhomemoney.com/how-often-should-i-upload-to-youtube/
https://myworkfromhomemoney.com/?p=27006
<h2><strong>What video upload frequency gives you max subscriber growth in the least amount of time?</strong></h2>

<p>How often you should be uploading videos to a YouTube channel is probably the most frequent question I get from new creators…a frequent question about frequency, how meta.</p>

<p>And while so many of the worries YouTubers dwell on really don’t matter much to your success, finding that perfect upload schedule is actually one of the most important questions you can answer.</p>

<p>In fact, I would say it’s one of the top three factors that have helped me grow my channel to 291,000 in three years on the platform (the other two are <a href=”https://myworkfromhomemoney.com/branding-building-youtube/” target=”_blank” rel=”noreferrer noopener”>building a community</a> and finding <a href=”https://myworkfromhomemoney.com/youtube-video-ideas/” target=”_blank” rel=”noreferrer noopener”>video topics that get views</a>)!</p>

<h2><strong>Does YouTube Reward Creators that Upload More Frequently?</strong></h2>

<p>Before we get into a few ideas on the perfect upload frequency, I want to share some anecdotal evidence that can help answer the question.</p>

<p>Understand, this doesn’t come from any deep research or data analytics, only what I’ve seen after three years of religiously studying YouTube best practices and trends on the platform.</p>

<p>For the longest time, it seemed the secret to cracking the YouTube code was to upload as frequently as possible. You wanted to be in front of as many people, as often as possible.</p>

<p>It gave rise to channels posting daily or even more and gained them millions of subscribers.</p>

<p>Then something happened. The channels posting more than three times a week started to see their views drop like a rock. Check out what happened to YouTube legend Evan Carmichael’s channel of 2.7 million subscribers.</p>

<div class=”wp-block-image”><figure class=”aligncenter size-large”><img loading=”lazy” width=”900″ height=”389″ src=”https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-often-should-I-upload-videos-to-YouTube.jpg” alt=”How often should I upload videos to YouTube” class=”wp-image-27008″ srcset=”https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-often-should-I-upload-videos-to-YouTube.jpg 900w, https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-often-should-I-upload-videos-to-YouTube-300×130.jpg 300w, https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-often-should-I-upload-videos-to-YouTube-200×86.jpg 200w, https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-often-should-I-upload-videos-to-YouTube-768×332.jpg 768w” sizes=”(max-width: 900px) 100vw, 900px”><figcaption>How often should I upload videos to YouTube?</figcaption></figure></div>

<p>Now 99% of the creators out there would love to be getting 60,000 views a day but for Evan, to come down from averaging 180K daily views in August 2018 to 120,000 and then half that…that is a scary thing to happen to your business!</p>

<p>The <a href=”https://myworkfromhomemoney.com/reasons-youtube-views-dropping/” target=”_blank” rel=”noreferrer noopener”>reasoning behind the sharp drop</a>, according to Matt Gielen of Little Monster Media, a change in the YouTube algorithm started limiting the reach on channels publishing more than three videos a week.</p>

<p>It made sense. Evan hadn’t changed anything about his videos and Matt had noticed the same trend on other daily upload channels.</p>

<p>For a while, moderation seemed to be the name of the game. This was about the time I was going to three videos a week and seeing massive growth for reasons we’ll discuss next.</p>

<p>Fast forward to 2020 though and it seems things have changed yet again. (BTW, maybe a fourth factor for YouTube success should be, ‘be mindful of the trends on YouTube and be ready to adjust your strategy’).</p>

<p>Over the last several months, I’ve noticed many channels exploding on a daily or even multiple upload per day schedule. Even new channels are getting hundreds of thousands of views a day and thousands of subs by ‘flooding the zone’ on content.</p>

<p>So let’s look at a few reasons why frequent uploads work best and some ideas to help you develop your own upload strategy.</p>

<hr class=”wp-block-separator”>

<p><em><strong><a aria-label=”Click to reserve your spot at the FREE YouTube Quick-start Webinar! (opens in a new tab)” href=”https://myworkfromhomemoney.com/webinar-grow-youtube” target=”_blank” rel=”noreferrer noopener”>Click to reserve your spot at the FREE YouTube Quick-start Webinar!</a></strong> I’m sharing three strategies that helped me grow my YouTube channel and double my business income and I guarantee they WILL work for you. Seats are limited for the webinar so make sure you reserve yours.</em></p>

<h3><strong>How Many Videos Does YouTube Want You to Upload Each Week?</strong></h3>

<p>Let’s look at it from YouTube’s perspective first to see how we might incorporate that into a strategy.</p>

<p>YouTube wants content! That’s an undeniable truth. It needs content that draws people, keeps them on the platform and keeps them coming back. But that doesn’t necessarily mean it needs you to upload every day or more.</p>

<p>The rationale behind the 2018 algorithm change that hurt daily upload channels was that YouTube was trying to get people watching smaller channels and new creators that didn’t have the resources to upload daily. If a viewer was coming to a specific channel every day to watch a new video, that’s a big time commitment that might be keeping them from exploring other channels and ultimately staying on the platform longer.</p>

<p>Another reason I’ve heard against daily uploads is the potential of cannibalizing views on each. YouTube promotes a video as ‘new’ for 72 hours. That’s why you often see new videos jump to the top of search or suggested but then fall off rankings after a few days. If you’re publishing a new video every day, then new videos could be pushing ‘less new’ videos out of search or suggested for your subscribers. (Besides the fact that how much of you do people really want to see? I know most people couldn’t stand me on a daily basis.)</p>

<p>Fast forward to 2020 though and the rules have changed. More so than ever, people are spending their time indoors and in front of the computer. YouTube wants to grab those eyes and people are hungry for new videos. It could be a reason daily and even more frequent uploads seem to be coming back.</p>

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<h2><strong>Rules for How Often to Upload to YouTube to Grow a Channel</strong></h2>

<p>Let’s put it all together for a few rules on how often to upload videos for YouTube success.</p>

<p><em>Rule #1 is consistency! Whether you publish once a week or seven times, you need to do it on the same day and at the same time each week.</em></p>

<p>Sometimes it helps to think of the similarities between YouTube and traditional TV. YouTube wants shows with the kind of consistency that people know when a new episode is out every week. Viewers wait patiently and make sure they’re free every week at 8pm on Sunday to watch the new episode of the Simpsons, and Fox knows it will be able to keep some of them around afterwards to watch other shows.</p>

<p>How peeved do you think viewers would have been if Jerry Seinfeld didn’t have a new show ready for Must See Thursday? (yeah, maybe I’m mixing up my TV history but you get the idea). The viewers wouldn’t like it, NBC wouldn’t have liked it and Jerry wouldn’t have made tens million an episode.</p>

<p>Commit to a consistent schedule, let people know when they can expect a new video and keep them coming back.</p>

<p><em>Rule #2 is you need to be uploading more than once a week and preferably more than twice.</em></p>

<p>Of course, the exception to this is if you’re making Hollywood-level productions that take weeks or months to produce. If your quality is that high, you can get away with a couple of new videos a month.</p>

<p>For everyone else, you need to keep from getting buried among other new videos and stay top-of-mind with your community. Two or more videos a week gives viewers frequent content to consume without overloading them.</p>

<p>I happen to like a schedule of three videos a week. It gives each at least 48 hours to run without getting stepped on by another video. It gives the community a constant flow of content and is something I can keep up every week.</p>

<p><em>Rule #3 – use stories and your community tab to fill the gap in between videos.</em></p>

<p>The verdict is still out on whether posting to your community tab might take valuable browsing real estate away from your videos but I asked my channel manager partner, a free service by YouTube to larger channels, about stories. The 15-second clips are featured in special sections in browse and do not take away from reach on your videos.</p>

<p>This means connecting with your community once or twice a week through a Stories clip can be a great way to stay relevant and get personal with your people.</p>

<p>Posting to the community tab is also a great way to get more content in front of people without having to create a new video. I try to post to the tab at least once a week.</p>

<p><em>Rule #4 is to feel free to break the rules every once in a while.</em></p>

<p>YouTube is constantly developing its discovery model and external factors can also influence what works best.</p>

<p>I would recommend against reducing the frequency of uploads, unless you’re posting 5+ videos a week and just can’t keep up. Taking a break for a bit is ok but you could accomplish the same thing by doing double the videos one week and just getting out ahead.</p>

<p>More likely, there will be times when you want to increase the frequency of uploads for a few weeks. These kind of upload challenges are popular and sometimes…oh maybe when everyone is locked-down in front of their computer, it makes sense to get as much content out there as possible.</p>

<p>The best strategy for finding what works best in terms of video frequency for your channel seems to be scaling up gradually. Start with one or two videos a week and see how that fits with your schedule. When you think you’re ready and if you have time, start doing three videos a week and see if that jumpstarts more growth.</p>

<p>This way, you’ll be able to find that perfect schedule without overloading yourself. I started with one video a week in 2017 but saw big, sustainable bumps in daily views with each increase in upload frequency.</p>

<hr class=”wp-block-separator”>

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<hr class=”wp-block-separator”>

<p>Growing a channel on YouTube means not just give people what they want to watch but doing it when and how often they want to watch. This means developing your own perfect uploading strategy for frequency and sticking to it. Put together a strategy of frequent uploads and you’ll not only grow your community but also your channel.</p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Tue, 15 Dec 2020 14:30:00 +0000 Joseph Hogue, CFA
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Grow on YouTube


7 Best Side Hustle Ideas to Make Money in 2021 https://myworkfromhomemoney.com/best-side-hustle-ideas-2021/
https://myworkfromhomemoney.com/?p=26997
<h2>No hype or false promises, these side hustle ideas mean fast cash!</h2>

<p>Hey Bow Tie Nation, Joseph Hogue here with the Let’s Talk Money channel and I’ll be the first to admit…for the most part, side hustle videos SUCK!</p>

<p>You see side gig ideas like walking dogs or blogging or…even rent out your pool! Between crap pay and just plain bizarre, most aren’t going to make you any money!</p>

<p>So in this video, I’m highlighting the 7 best side hustle ideas worth your time and that actually work to make extra cash. I’ll show you how to start on each, how much you can make and towards the end of the video, I’ll show you a step-by-step strategy to combine these with passive income sources to keep making money even when you stop working, so make sure you stick around for that!</p>

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<noscript><iframe title=”7 Best Side Hustle Ideas to Make Money in 2021″ width=”500″ height=”281″ src=”https://www.youtube.com/embed/nsi1_KeGHpU?feature=oembed” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture” allowfullscreen>[embedded content]</iframe></noscript>
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<p>

We’re building a huge community on YouTube to beat your debt, make more money and start making money work for you. Click over to join us on the channel and start creating the financial future you deserve!</p>

<p><strong><a href=”https://peerfinance101.com/FreeMoneyVideos” target=”_blank” rel=”noreferrer noopener”>Join the Let’s Talk Money community on YouTube!</a></strong></p>

<h2>What Makes for a Good Side Hustle?</h2>

<p>Before we get to the list, I wanted to share some criteria I used for these side hustle ideas. Because I think one of the biggest problems with all the side gig or work from home videos is there’s no definition so people just spam out any idea they’ve seen online.</p>

<p>For legit side hustles though, I looked for jobs that would make money immediately. I love my <strong><a href=”https://myworkfromhomemoney.com/home-based-business-ideas/” target=”_blank” rel=”noreferrer noopener”>online business</a></strong> but it was almost a year before I made any money and two years before it was a full-time income. Building a business or <strong><a href=”https://myworkfromhomemoney.com/best-passive-income-ideas/” target=”_blank” rel=”noreferrer noopener”>passive income stream</a></strong> is totally different than needing cash right now and it’s going to be different jobs.</p>

<p>Legit side hustles shouldn’t require special skills or experience. Honestly, the idea that the average person can just flip on their computer and design an app for quick cash is ridiculous.</p>

<p>I also looked for ideas that are recurring, things you can do every week to make extra cash. We’re not talking about recycling your smartphone because…yeah, how many smartphones do you have?</p>

<p>These are side jobs you can do in your free-time and on any schedule. If you wanted a <a href=”https://myworkfromhomemoney.com/part-time-work-from-home-jobs/” target=”_blank” rel=”noreferrer noopener”>part-time job</a>, you would have searched for that on YouTube. These are ideas you can take, hustle when you can and make that money!</p>

<p>And finally, these side hustle ideas are more than just manual work. Now, nothing against getting my hands dirty for some extra cash…but do you really need me to tell you, you can mow lawns to make money?</p>

<hr class=”wp-block-separator”>

<p><em>Want to start making money blogging? Don’t know how to start? <strong><a href=”https://myworkfromhomemoney.com/free-website-setup” target=”_blank” rel=”noreferrer noopener”>I want to set up your blog and get you started! Find out more here!</a></strong></em></p>

<h2>Online Side Hustles for Quick Cash</h2>

<p>This first side hustle idea is totally digital and really easy to set up, becoming an online investigator.</p>

<p>As an online private detective, you’ll research people on the web and across social media. You’ll set up dummy accounts on Facebook to ‘friend’ people and track what they post. You might research a client to see what comes up in a Google search and help them manage their online reputation.</p>

<p>Online detectives make an average of $51,000 a year or about $35 an hour and this is one you can easily do five or ten hours a week in your free-time. You can set up a simple website to advertise your side hustle and be ready to go within half an hour.</p>

<p>Like most side hustle jobs, your best clients will be from word of mouth but until that starts picking up, you can get customers by posting on Facebook, LinkedIn and other social platforms.</p>

<h2>Weird Side Hustles Anyone can Do</h2>

<p>Our next side hustle idea is one of the weirder ones but so works, getting ordained and conducting wedding ceremonies.</p>

<p>There are more than 2.4 million weddings every year in the U.S. alone and at an average $22,000 spent on each…that’s a $52 billion market with fees for officiating starting at $300!</p>

<p>And even better with this one, you can bundle services, so offer to provide multiple services like DJ which starts at $1,000 or catering. The money is there…you just need to know how to get it.</p>

<p>Getting started means checking with your local county clerk for rules on officiating ceremonies. In some states, you’ll need to register, some will recognize online ordained certificates while others you might need to take a local course.</p>

<p>Remember, you’re performing a legal marriage and that’s going to affect a couple’s insurance, home ownership, taxes…a lot of things in their life so take the time to do this right!</p>

<p>For example, New York recognizes online ordained officials though you still have to register with the New York Marriage Bureau and pay the $15 filing fee.</p>

<p>Marketing for this one is the easiest of the side hustles in the list because it’s all local which means you can really dominate on Google for those local searches. You’ll learn how to conduct a wedding, meet with couples to plan and rehearse.</p>

<p>The average fee for a wedding official is between $300 to $500 and takes around five hours for planning and the ceremony. Offer a few other services though and this can easily be a few grand a month.</p>

<hr class=”wp-block-separator”>

<p><em><strong><a aria-label=”Click to reserve your spot at the FREE YouTube Quick-start Webinar! (opens in a new tab)” href=”https://myworkfromhomemoney.com/webinar-grow-youtube” target=”_blank” rel=”noreferrer noopener”>Click to reserve your spot at the FREE YouTube Quick-start Webinar!</a></strong> I’m sharing three strategies that helped me grow my YouTube channel and double my business income and I guarantee they WILL work for you. Seats are limited for the webinar so make sure you reserve yours.</em></p>

<h2>Side Hustles on YouTube</h2>

<p>This next side hustle idea, I didn’t even know was legal at first but, creating a clips <a href=”https://myworkfromhomemoney.com/checklist-start-youtube-channel/” target=”_blank” rel=”noreferrer noopener”>channel on YouTube</a>.</p>

<p>If you spend any time on YouTube, you see your share of videos that are just a collection of video clips. Search for anything like animal videos and you see these get millions of views and the channels have millions of subscribers.</p>

<p>So while the rest of us yahoos are busting our butts, spending hours creating videos and editing, these channels are proving the rule of working smarter not harder.</p>

<p>You look at this Tiger Productions which looks like just a bunch of kid and pet videos, they’ve got over 2.8 MILLION subscribers and over a billion views so even at the low end, we’re probably talking around three million dollars in ads on the channel. And you can see some of these videos are just insane, 22 million, 52 million, 134 MILLION VIEWS!</p>

<p>I actually thought these compilation videos were against YouTube rules at first because all they’re doing is copying other videos. Turns out this is a legit strategy called creative commons. When you upload a video to YouTube it can either be restricted usage or creative commons which means other people can use it. So these compilation channels are just repackaging other videos for their own, getting millions of views and making boatloads of money in the process.</p>

<p>So let’s run through an example to show just how easy it can be to do one of these videos and make money this way. Say you want to do a funny cat video, because if there’s one thing that always goes viral…it’s funny cat videos. So you type in your search, you see some videos pop up and then you go to filter and click on that creative commons under features. Now you can click through to any of these videos and if you look in the description, you’ll see creative commons reuse allowed.</p>

<p>The process for grabbing some of these videos for your channel is super easy. One thing though is that you want to create compilations, so clips from different videos. You don’t want to just grab videos and upload them as your own. You’re going to be putting several clips together all in the same topic to make your own super-video that will get those millions of views.</p>

<p>After you do a search for the videos you want, and you want to copy down the URL address for each. Then you can do a Google search for YouTube to MP4 converter which is going to snatch the video file and download it to your computer.</p>

<p>With these full videos, you can use any editing software to cut the clips and put them together. I use Camtasia but there are a lot of free video editing programs you can use as well. You want to cut the clips out, maybe add some graphics like a countdown.</p>

<p>And that’s it. It takes all of a couple hours to download, edit and then reupload videos and you’ll start making money on each. For reference, I made just over $106,000 over the last year on YouTube ads and that’s on just 8.5 million views…something you can do with a single video for these clip channels!</p>

<hr class=”wp-block-separator”>

<p>We’ve still got seven more side hustle ideas to go including two of my favorite but while you’re here, head on over and <strong><a href=”https://www.instagram.com/lets_talk_money_josephhogue/” target=”_blank” rel=”noreferrer noopener”>join the Let’s Talk Money community on Instagram</a></strong>. I’m sharing motivational quotes, investing advice and a personal side I don’t get to show here on the channel. I appreciate it and hope to see you there.</p>

<h2>Social Media Side Hustles</h2>

<p>This next side gig is also completely online and even easier to get clients, being an online agent for influencers and bloggers.</p>

<p>There are more than 31 million YouTube channels and at least 500 million blogs and that doesn’t even count all the Instagram influencers, the Tik-Toks and…well everyone’s trying to make money on social these days!</p>

<p>And all those people, they’re even worse at business than they are at making asses out of themselves online. They have no idea when it comes to connecting with sponsors or affiliate deals or how influencers actually make money.</p>

<p>Your job then as the digital agent is to connect them with those deals, be the middle-man for sponsorships and collect your ten-percent.</p>

<p>And this is easier than you might think to get started. First you put together your list of sponsors and affiliates other influencers are promoting. Usually this works best if you focus on one specific group like beauty or fashion or personal finance, that makes it easier to start those connections with the businesses and influencers in the niche.</p>

<p>So you visit blogs and YouTube channels in the niche and see what products people are promoting. You can also go to affiliate networks like CJ Affiliate for businesses willing to work with influencers on a commission basis.</p>

<p>Once you’ve got this list down, then you make another list of influencers, so all the bloggers and YouTubers, Instagrammers in that niche. With your two lists, it’s just a matter of reaching out to each, making those connections and signing influencers to the deals.</p>

<p>You’ll make the standard 10% commission and sponsorships can range anywhere from a few hundred to tens of thousands which means you only need a few clients to make very good money at this.</p>

<p>Probably the easiest side hustle in the list and and I was surprised how much I made when trying it out. Testing websites and apps through sites like UserTesting and WhatUsersDo.</p>

<p>So companies need to make sure their websites and apps are doing exactly what they should. They need to test out the look, all the pages and the forms. They contract with these testing sites to have people go to the website or the app and basically just use it like a regular visitor.</p>

<p>After signing up on a testing site as a user, which takes all of about five minutes, you download their software so it tracks which tasks you do and records your feedback. Then you get these tasks, whether it’s to go to a website or watch a video or try out an app.</p>

<p>After that, you just talk about the experience, leaving your feedback through voice-recording so there’s very little typing needed here. It’s just giving your opinion on the site or the app.</p>

<p>Requirements are pretty easy here. You need to be 18 years old, have an internet connection and a microphone and the ability to download the usertest software on your computer.</p>

<p>What I love about these sites, UsterTesting and WhatUsersDo, is they are really transparent about how much you can make. We’ve all seen the vague promises with online surveys about making lots of money and then it comes out to like $3 an hour. UserTesting pays you $10 for every 20-minute video you complete and it ends up being about another 10 minutes to complete the tasks and give your feedback. But that’s still around $20 an hour you can make on these which is really good for something that requires no experience or skills.</p>

<p>WhatUsersDo pays $5 per test which generally takes 10-15 minutes so it comes out about the same on a per hour basis. Both sites pay by PayPal for each task and you usually get paid around seven days after completing each test case.</p>

<p>I love this next hustle idea because is such a new side gig that the competition is much easier, being a social media manager.</p>

<p>A social media manager is someone that helps businesses, bloggers, anyone that wants to be a social media influencer, helps them manage their accounts on Facebook, Twitter, Pinterest or wherever. That’s going to include things like writing out and scheduling posts, finding graphics or creating questions to engage with the community.</p>

<p>And if you think about this for a second, you’ll see why this is such an amazing opportunity. First, nearly everyone has some experience on social media. This isn’t like saying become a computer programmer when many people would have no idea what a programmer does. Even Betty White has 1.5 million followers to her Instagram account!</p>

<p>So this is something truly anyone can do, there are no educational requirements, but it’s also one of the fastest growing jobs out there. Now the Bureau of Labor Statistics reports social managers make an average of $56,000 a year and tag the job with a growth rate of 8% a year, but that’s just because they lump it in with the traditional marketing managers.</p>

<p>As an online entrepreneur for the last six years, I can tell you this hustle is growing a hell of a lot faster than that. Why? Because with every report of some Kardashian or PiediePie making half a million on a single post, more people start looking at social media influencer as a legit career. In a recent Harris Poll, American and British kids said they wanted to be a YouTube star more than anything else, not astronauts, not teachers…social media stars!</p>

<p>Combine this with all the online and offline businesses that need a social media presence but just don’t have the time to manage multiple social media accounts…and the business of managing all this is huge!</p>

<p>Getting started is really easy here. You’re going to need a website to show off your work and get potential customers through Google traffic. You’ll first have to decide if you want to manage accounts across a group of platforms; so Facebook, Pinterest, Twitter and LinkedIn, of if you want to specialize and just work on one platform.</p>

<p>Now this business can be as complex as any other but honestly, you can pick up 90% of how to do it in less than a week. Learn how to use some of the social media management tools out there like Buffer or Tailwind that let you schedule posts and manage accounts. Within a week, you can easily have enough knowledge to start your own social management business.</p>

<p>You’ll want to get a few initial clients at a discount so you can prove your experience. Find bloggers groups on Facebook or conferences to look for people that need help with their social accounts. Then you just start posting your experience and articles to your blog, getting that traffic from Google for people searching for how to grow on social media and looking for someone to help.</p>

<h3>Traditional Side Hustles</h3>

<p>Our next side hustle is a new one I’ve heard a lot about but hadn’t tried it yet, making money through Amazon’s Mechanical Turk.</p>

<p>Mechanical Turk is a website for jobs that require human intelligence, things AI and computers can’t do like identifying objects in a picture, transcribing and researching details.</p>

<p>Companies sign up and request tasks and most of these take less than five minutes. You sign up to the site and get qualified to do different task categories. Requesters usually have an allotted time frame they need tasks done so you can check the website once a day, get a few tasks for a couple hours a day.</p>

<p>Companies pay for the tasks completed on a monthly basis and submit the payments to Amazon. Amazon takes a percentage from what the company pays and passes the rest on to your account.</p>

<p>Now this one isn’t going to make you rich. Most of the tasks are really basic and the pay is just above online surveys so maybe you make $5 an hour or a little more. Still it’s something you can do an hour or two when you aren’t doing anything and want to make extra cash.</p>

<h2>How to Use Side Hustle Income to Create Passive Income</h2>

<p>Now you’ve got those 7 side hustle ideas but the question you’ve got to ask yourself is do you want to be working the rest of your life? I mean, these are some great side gigs and will make you that fast cash but you have to constantly work for it.</p>

<p>So I want to share a three-step strategy for combining these extra income ideas with some of the passive income streams we talked about recently, income sources that will pay you even when you stop working on them.</p>

<p>And I love this strategy. We’ve never talked about it on the channel but this is really life-changing because it combines that immediate cash from the side hustles with the longer-term income streams.</p>

<p>The first step here is to <strong><a href=”https://youtu.be/Zgc43M8ydbE” target=”_blank” rel=”noreferrer noopener”>watch the passive income video here</a></strong>. Then with those 7 income ideas, you’re going to pick one that combines naturally with your side hustle.</p>

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<noscript><iframe title=”5 Best Passive Income Ideas 2021 [How I Make $783 a Day!]” width=”500″ height=”281″ src=”https://www.youtube.com/embed/Zgc43M8ydbE?feature=oembed” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture” allowfullscreen>[embedded content]</iframe></noscript>
</div></figure>

<p>For example, passive income streams like selling bundle deals or a virtual conference work great along with the social media manager hustle or the Etsy collective because you’re already creating that network of influencers and creators. From there, it’s just a matter of pitching them to join your bundle deal or conference idea for that passive income.</p>

<div class=”wp-block-image”><figure class=”aligncenter size-large”><img loading=”lazy” width=”750″ height=”357″ src=”https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-to-Turn-a-Side-Hustle-into-Passive-Income.jpg” alt=”How to Turn a Side Hustle into Passive Income” class=”wp-image-26999″ srcset=”https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-to-Turn-a-Side-Hustle-into-Passive-Income.jpg 750w, https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-to-Turn-a-Side-Hustle-into-Passive-Income-300×143.jpg 300w, https://myworkfromhomemoney.com/wp-content/uploads/2020/12/How-to-Turn-a-Side-Hustle-into-Passive-Income-200×95.jpg 200w” sizes=”(max-width: 750px) 100vw, 750px”><figcaption>How to Turn a Side Hustle into Passive Income</figcaption></figure></div>

<p>The next step is going to be using some of your side hustle income to invest in freelancers to help set up your passive income streams.</p>

<p>We talked in our passive income video about how the downside to most passive income sources is they take time to set up, to get that cash flow going, and there’s a learning curve to getting started. Well the side hustles in this video take no special skills, so you can get started making money now and use that for the courses you need or just the set up help on the passive sources. You’re effectively turning your side hustle into a long-term stream of passive income!</p>

<p>Third here is to use both at the same time to save money on taxes. Since that money is coming in immediately on the side hustles, you’re going to be paying more taxes this year but you can offset that with the money you spend to launch your passive income sources.</p>

<p>Make sure you keep all your receipts including all the equipment you buy or software or whatever. With a little planning, you can pay no taxes on your side hustle income and have a passive source of cash ready to go!</p>

<p><strong><a href=”https://myworkfromhomemoney.com/free-build-a-blog-checklist/” target=”_blank” rel=”noreferrer noopener” aria-label=”FREE 5-Day Build-a-Blog Course…Get Your Free Checklist and Video Course Now (opens in a new tab)”>FREE 5-Day Build-a-Blog Course…Get Your Free Checklist and Video Course Now</a></strong></p>

<p>Most side hustles aren’t going to make you rich but it means immediate cash to get back on your feet or get ahead. Plan it right and you can use that fast cash to build the passive income that will last forever. What’s your favorite side hustle idea?</p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 02 Dec 2020 16:45:00 +0000 Joseph Hogue, CFA
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Extra Ways to Make Money


Secret Tax Deductions for Influencers to Save Thousands https://myworkfromhomemoney.com/tax-deductions-for-influencers-youtubers/
https://myworkfromhomemoney.com/?p=26993
<h2><strong>The best tax deductions you never hear about for influencers, bloggers and YouTubers</strong></h2>

<p>You’ve got a problem. Your blog, YouTube channel or all-around influencer business is doing well and you’re looking at a hefty tax bill come next April.</p>

<p>That’s not your problem though. Your problem is it’s not doing so well that you can afford the kind of accountants the rich use to cut their tax bill to zero.</p>

<p>Doing a Google search for creative tax deductions doesn’t work. All you find are the same lame basic results that everyone knows. Track your expenses, deduct the home office and travel, yada, yada, yada.</p>

<p>Don’t get me wrong, deducting every penny in business expenses counts and can lower your tax bill…but only so far. I’ll list out these basic tax deductions for the self-employed in the article but, what happens when you’re deducting all the basics and still facing tens of thousands in taxes?</p>

<p>That’s when you get lucky and find this article because I was in the same place, stuck between a rock and the tax man…until I did some hardcore searching the tax code.</p>

<p>With these six creative tax deductions for influencers, I was able to deduct hundreds of thousands from my income and save over $23,000 last year. And now I’m sharing them with you!</p>

<hr class=”wp-block-separator”>

<p><em>Disclaimer! This post is just me thinking out loud about the ways I’ve found to cut my tax bill. It is NOT tax advice. You need to understand the specific rules around each of these before you try any of them.</em></p>

<h2><strong>Saving on Income Taxes by Hiring Your Family</strong></h2>

<p>Your kids can earn up to $12,200 without having to pay income tax. That’s the standard deduction so earning up to that much will still be deducted down to zero tax liability for each child.</p>

<p>That means your business can pay your kids for every picture you post on social media, every video they appear in and, when they’re old enough, for other assistance. I pay my kids $50 each for every social media image they appear in or other content as a modeling fee. It comes off my income as an expense and into their 529 college account so it’s tax free when they withdraw it as well.</p>

<h2><strong>Can I Write Off Personal Expenses as an Influencer?</strong></h2>

<p>This has always been a question of mine. My <strong><a href=”https://youtu.be/lqwkIeff8uw” target=”_blank” rel=”noreferrer noopener”>business as an influencer</a></strong> and YouTuber is so much a part of my personal life, what are the personal expenses I can write off as deductions on my income?</p>

<p>It turns out, it’s a bit of a grey area. The IRS has said that, ‘expenses that are inherently personal are nondeductible personal expenses’ unless the costs are 100% work-related.</p>

<p>But what about the money a TV network pays to hire a stylist and makeup for their on-air personalities? You better believe that’s written off on the company’s taxes.</p>

<p>The key is to make it work-related. Plan your cut and style just before a video shoot or your social media graphics shoot. I’ve personally seen audits of influencers where the IRS has allowed these kinds of ‘directly-related’ grooming expenses for people in video- and image-related jobs, especially if you don’t get too crazy with the cost you’re deducting.</p>

<p><strong><a href=”https://myworkfromhomemoney.com/free-build-a-blog-checklist/” target=”_blank” rel=”noreferrer noopener” aria-label=”FREE 5-Day Build-a-Blog Course…Get Your Free Checklist and Video Course Now (opens in a new tab)”>FREE 5-Day Build-a-Blog Course…Get Your Free Checklist and Video Course Now</a></strong></p>

<h3><strong>My Favorite Tax Deduction for any Small Business</strong></h3>

<p>This one takes quite a bit more work to set up but it alone can save you thousands in taxes and is actually a common tax planning strategy of major corporations.</p>

<p>You can set up a foreign corporation, most do it in a low-tax jurisdiction like the Bahamas or Ireland is also popular. For influencers, this corporation might provide services like social media management, graphics development and editing and hire foreign workers at local rates.</p>

<p>You hire this foreign corporation to do your <strong><a href=”https://myworkfromhomemoney.com/online-jobs-college-students/” target=”_blank” rel=”noreferrer noopener”>social media management</a></strong> and pay a fair rate on the work.</p>

<p>How this works is the foreign company is recording a hefty profit on what it pays that filipino assistant while charging your U.S. (taxable) company rates you would expect to pay for local help. You control the foreign company so it’s not like the profit isn’t yours. You just keep it in your overseas subsidiary, growing tax-free, until you repatriate it back to the U.S. parent company. And for that, you can wait for a tax holiday where they lower the rate on repatriated profits.</p>

<p>It isn’t as complicated as it sounds and is why every giant U.S. company like Apple and Facebook have subsidiaries based in Ireland or some other low-tax jurisdiction. Have a tax accountant help you set this one up though.</p>

<hr class=”wp-block-separator”>

<p><em><strong><a aria-label=”Click to reserve your spot at the FREE YouTube Quick-start Webinar! (opens in a new tab)” href=”https://myworkfromhomemoney.com/webinar-grow-youtube” target=”_blank” rel=”noreferrer noopener”>Click to reserve your spot at the FREE YouTube Quick-start Webinar!</a></strong> I’m sharing three strategies that helped me grow my YouTube channel and double my business income and I guarantee they WILL work for you. Seats are limited for the webinar so make sure you reserve yours.</em></p>

<h3><strong>Everyone’s Favorite Tax Deduction</strong></h3>

<p>I can’t do a tax deductions article without mentioning real estate. It might not be as creative or as much a secret as the others on the list but it’s the single-best tax deduction for any <strong><a href=”https://myworkfromhomemoney.com/types-of-income/” target=”_blank” rel=”noreferrer noopener”>type of business</a></strong> or entrepreneur.</p>

<p>When you buy rental real estate or make any improvements to it, you can deduct that value over decades as depreciation. Even though most property tends to increase in value over time, the IRS allows you to write off the capital cost to offset income.</p>

<p>For example, say you buy a $1,000,000 warehouse you plan on renting out for $70,000 a year. Besides all the expenses that come from owning the building like property taxes and maintenance, you can write off an additional $25,641 from the income each year for 39 years. If the annual expenses and that depreciation deduction add up to more than the rental income in any give year, the excess comes off your regular income if you’re managing the property yourself.</p>

<p>Even if the depreciation and expenses don’t totally offset your rental income, it’s still a great way to invest and get some of the returns tax-free and any <strong><a href=”https://peerfinance101.com/taxact-vs-turbotax-review-best-tax-software-2016/” target=”_blank” rel=”noreferrer noopener”>online tax software</a></strong> makes it easy!</p>

<h2><strong>How Influencers can Save on Taxes and Healthcare</strong></h2>

<p>Few influencers I’ve talked to realize they can also deduct premiums for health insurance. If you’re not eligible to participate in a spouse’s healthcare plan from their job, you can deduct all health, dental and qualified LTC premiums. </p>

<p>You can also deduct premiums for anyone in your immediate family under 27 years of age. Use the Self-Employed Health Insurance Deduction Worksheet, IRS 535, for this one.</p>

<h3><strong>Best Tax-Free Retirement Accounts for Influencers</strong></h3>

<p>Most influencers and self-employed have an IRA or SEP IRA but you get a much higher deduction if you set up a 401K for your business. You have to be registered as a corporation for this one or an LLC with the S-Corp election but it’s a great way to shield tens of thousands from taxes.</p>

<p>Compared to the annual contribution cap of $5,500 (2020), you and your business can contribute up to $56,000 into your 401K depending on how much you earn. That money is tax-free until you withdraw it and a great way to save.</p>

<h2><strong>The Most Common Tax Deductions for Influencers and YouTubers</strong></h2>

<p>Those are the six most frequently missed tax deductions for influencers and other self-employed workers but let’s not forget the basics. Keeping all your business receipts and knowing what is deductible can still save you tens of thousands come tax time.</p>

<p>Here are the most common tax deductions for YouTubers,</p>

<ul><li>All <strong><a href=”https://myworkfromhomemoney.com/youtube-equipment-checklist/” target=”_blank” rel=”noreferrer noopener”>video equipment</a></strong> and office equipment</li><li>Travel expenses to conferences and shooting locations</li><li>All office expenses and supplies</li><li>Meals, if you use it as a business meeting or talk business</li><li>Education and professional certification expenses</li><li>Startup costs for planning your business</li><li>Home office expenses including phone, internet and even your car, proportionate to the amount these are used in your business</li><li>Legal and other services related to your business</li><li>Any advertising or marketing expenses</li></ul>

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<p>Everyone should pay their fair share of taxes but that doesn’t mean you should overpay. There are rules and tax deductions allowed to help people starting and running a business and you should use as many as possible. Don’t feel guilty for using the system that’s there to help you. These tax deductions for influencers and YouTubers can help you make and keep as much as possible.</p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Tue, 24 Nov 2020 14:30:00 +0000 Joseph Hogue, CFA
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