My Online Income Streams from 2020 (Online Teacher Brand on YouTube) - Free Educational videos for Students in K-12

My Online Income Streams from 2020 (Online Teacher Brand on YouTube) - By Nancy Taylor

Transcript


00:0-1	Hello everyone . It is nancy taylor here and in
00:02	this video we are doing a 2020 income review .
00:05	We're going over my 2020 income and I do this
00:08	video at the end of every year for two reasons
00:11	. Number one . It is so fun to document
00:13	my own business journey and to look back , I'll
00:15	leave a playlist of the videos below if you want
00:18	to check out previous years . But also I think
00:21	that it's so helpful for you to see where do
00:24	I spend my time in my online business and what
00:26	generates the biggest results ? I know that income is
00:29	not always the best result . That's not always my
00:31	end all goal . However , it's really nice to
00:34	know how I could spend my time most effectively .
00:37	Now I'll be jumping on the computer and showing you
00:39	income streams as well as business expenses and this year
00:42	is a little bit different than previous years . Previous
00:45	years I've only had 10 90 nines and relied solely
00:48	on other businesses for contracted work and I've also relied
00:52	on google adsense with my Youtube channel . So again
00:55	, you can check out those videos below . But
00:56	this year is the first year that I had an
00:58	offer of my own directly from business , like me
01:01	creating an offer and selling it directly to customer .
01:04	And so I think it will be really interesting for
01:06	you to see how does that work ? How much
01:09	income does that generate ? So I'm so excited to
01:11	share with you . Again , my goal is to
01:13	inspire , I never want you to compare . I
01:15	never wanted it to be discouraging or something that doesn't
01:19	uplift and motivate you . If you leave this video
01:22	and don't feel motivated and uplifted , then I did
01:24	not do my job because my goal in this video
01:27	is to motivate to give you tools that you can
01:31	utilize in your own brand and say , oh ,
01:33	I saw how this was done and this could be
01:36	the exact path I want to take . So I
01:37	hope that I can inspire you and give you the
01:39	tools where you can see similar results or maybe you're
01:43	above and you're already seeing bigger results than I am
01:46	. I don't know , we don't compare , it's
01:48	just here , we're here to help each other out
01:50	. And again , it's a great tool to document
01:52	the business journey . So let's jump into the income
01:55	streams . We are ready to jump on the computer
01:58	now , I'm going to be going over numbers ,
02:00	they're not actual fine . Two numbers . I'm giving
02:02	you more estimates that there apparently close to the actual
02:04	numbers . Stay tuned to the end . I'm going
02:06	to be giving you five tips that I have learned
02:08	from 2020 from income streams . If you're listening to
02:11	this journey and saying , I would love to replicate
02:13	that same journey , that's the path that I want
02:15	to take as my online teacher brand grows , then
02:19	make sure you stay tuned to the end and I'll
02:20	be sharing those . So first of all I'm going
02:22	to be going over the income for each month and
02:25	keep in mind that this is before and he expenses
02:28	this is before . Sometimes there's a transaction fee before
02:31	taxes , It's just that number . Okay , so
02:34	in January , it was close to 90,000 and I
02:37	share that in our previous video . If you check
02:39	it out here where I go over the teacher business
02:41	journey , make sure you check out that video because
02:44	it spells out the exact journey that I've taken to
02:47	create these income streams . That was my biggest month
02:50	, just so you know , that was my biggest
02:51	month . Crazy , crazy , crazy , blown away
02:54	. And just so you know that I had a
02:55	launch of a course , if you're like how did
02:57	that happen ? And I'll be going over how the
02:59	income is broken up because that's total income for that
03:02	month . And then february , it was close to
03:04	30,000 March , it was close to 30,000 about the
03:07	same , I think they're the same . And then
03:08	in april close to 20,000 around 20,000 now here's where
03:12	okay there's this whole feast and famine , so you
03:15	have a launch , so you launch a product ,
03:17	you have a payment plan and then maybe the payment
03:19	plan ends in a month . So do you have
03:22	income coming in ? And this is something that I've
03:24	recognized and in my own business have created other streams
03:28	of income . So there's a constant , there's a
03:30	stream , there's a constant stream each month , some
03:34	are larger because there's launches or a lot more promotion
03:38	and then also we do spend more money those months
03:40	to and I'll go over that . So in May
03:42	it was closer to 4000 that month . So just
03:45	you know 90,000 and 4000 this month . But I'm
03:47	not worried and hesitant because I know the majority of
03:50	the income for that year was made there at the
03:52	beginning that in June around 9000 in July it's around
03:56	7000 in August 2000 and then in September around 4000
04:01	. Now we had another launch in the fall .
04:03	So these numbers now again are going to be higher
04:06	. So in October were around 26,000 in November 22,000
04:11	and in December close to 10,000 . So that's a
04:14	total gross income . Is that the right word ?
04:17	All the accounts are like please don't listen to this
04:19	lady . Total gross income is close 250-60 . Okay
04:24	that's before expenses . Now this is something to that
04:26	. I have learned that as I have been able
04:28	to create income streams and also automate my systems .
04:32	I'm willing to invest not only in coaches and programs
04:35	but also in system software that can automate it so
04:39	that it's a lot more hands off where I would
04:41	be spending more time if I had to go in
04:43	and run Paypal and manually do a lot of things
04:46	or have a team member do that . I'd be
04:48	paying them to do that are total expenses were around
04:51	70,000 , which is insane . So keep in mind
04:54	I have a team that's team income that I have
04:57	an affiliate program that's affiliate pay . That's just the
05:00	cost to run the business I've invested in my own
05:03	. So to purchase a high end maybe mastermind could
05:06	be around $20,000 . There's a lot of expenses That
05:10	you don't have to pay from the get go .
05:12	You don't have to pay those . If you're like
05:13	Holy Cow , there's no way I can maintain that
05:15	you can start with very small expenses , a very
05:19	small budget . It's totally doable . So total income
05:21	minus expenses is close to 200,000 . Okay , that's
05:24	awesome . Now I wanted to share with you ,
05:26	where did these income streams come from ? Where did
05:29	they come from ? And also look at this belly
05:30	bump guys , That's 37 weeks . I don't know
05:33	if you're , there's only two more weeks in this
05:35	baby bump . So I'm going to go over what
05:38	sources of income we have . So we have a
05:40	shop in e commerce . So throughout the whole year
05:43	it's around $10,000 income . Keep in mind when you
05:45	have products you have to purchase those products or maybe
05:48	you do drop shipping so you have to purchase them
05:50	before you send them . I mean if I have
05:52	a digital product I just invest in the software and
05:55	the platform but I don't have to purchase like an
05:57	actual T shirts . We sell these T shirts ,
05:59	we sell these maps , we have to pay for
06:01	the product and then you make a profit . The
06:03	profit margin is smaller than our digital products . So
06:06	just keep that in mind when you're building your own
06:07	teacher business , then for income for courses is close
06:11	to 1 60 courses , coaching and also membership .
06:14	So all that's where I have focused in on and
06:17	I'll get to my tips when I share with you
06:19	how we made that happen . Another big source of
06:21	income for business is affiliate marketing . So if that's
06:25	if you promote a program or a platform and then
06:29	you make a commission off of those that make a
06:30	purchase with it . So for one affiliate it was
06:33	around 40,000 and another affiliate was around 30,000 . I
06:36	would say pick one or two programs . Maybe it's
06:39	a course you've taken . Maybe it's an online E
06:41	. S . L . Company or teaching company .
06:43	Maybe it's out school , maybe it's V . I
06:44	. P . Kid , maybe it's go go kid
06:46	, whatever it may be . Maybe you promote that
06:48	company . Wells english . One of my sense of
06:50	the top recruiter for Wells English . If that's your
06:52	one thing dive all in because you can see huge
06:55	results with affiliate marketing . That's another big income stream
06:58	for us . Google adsense that those are the ads
07:01	that are on these Youtube videos . That was around
07:02	11,000 for the year . And a lot of people
07:05	say I'm gonna do youtube to monetize my Youtube channel
07:08	, but you can monetize your Youtube channel off of
07:11	Youtube . This free content is free value that you're
07:14	giving and yes , the absence are awesome . But
07:18	think about the big picture . What can you do
07:21	with a business , a brand Off of YouTube ,
07:23	not just YouTube absence . So expenses , I want
07:25	to go over those , just what you have ,
07:26	a percentage of them . So for like running ads
07:29	, we didn't run a ton of ads in 2020
07:31	for Facebook was about $3,000 . So I know that
07:34	if I create a system and I create um ,
07:37	an automated program , maybe I have a product that
07:39	really does well . It really helps a lot of
07:41	people if I want to scale that , I could
07:43	invest a lot more money into Facebook ads . And
07:45	so that was not a big part of our budget
07:47	for shops about $1,000 to run that for other items
07:51	. Let's say that I purchased a mastermind that was
07:54	about $20,000 . That was a big chunk . Also
07:56	, you could say the platforms I used to be
07:58	for my website , for my email list . That's
08:01	about $2000 a year . So those add up as
08:03	well . And then for my team payments and affiliate
08:06	pay , that was around 37,000 that I'm paying team
08:09	members and affiliates throughout the entire year . So that's
08:12	where our expenses get up to . About 70,000 .
08:14	I know I'm throwing out numbers , but I really
08:16	hope that they are helpful so that you can know
08:19	, okay , when I get maybe to this point
08:20	, this is what the budget is or this is
08:22	where I want to scale . Let's say that you
08:23	want to invest and have a budget for facebook ads
08:26	. Then maybe I would not have an affiliate program
08:28	or perhaps I would cut somewhere else . Maybe that
08:30	year I didn't need to invest in a mastermind or
08:33	the training and I was able to invest that money
08:36	into ads . It totally is up to you and
08:38	where you're at in your business journey . But I
08:40	hope this is helpful . Now I told you when
08:42	we get to the end I would share with you
08:44	my five takeaways . I'm talking to you . The
08:47	person on the other end that wants to build a
08:50	brand that wants to build on Youtube wants to create
08:52	these videos , not sure how to create these income
08:54	streams . I'm talking to you . These are the
08:57	five things . The five tips I want to share
08:59	with you first and foremost create systems that you can
09:02	automate . That has been huge for me . For
09:04	example , I used a job that's my email service
09:06	, that's my website , that's all the things running
09:09	, it's all automated . It all runs on autopilot
09:12	. So I'm willing to invest so that I'm not
09:14	manually taking every day to go in and run maybe
09:17	Paypal payments and then also checking on something that could
09:21	be automated . So invest in those systems . Maybe
09:23	you have callously for your coaching clients to sign up
09:27	and then it's connected to zoom and also to Paypal
09:29	. So it's an automated system . So I'm not
09:31	spending time or paying a team member to manually go
09:35	in and do it . The second thing is multiple
09:37	streams of income . You don't know what could happen
09:40	. An affiliate program could be gone and this has
09:42	happened to me and affiliate program gone , erase ,
09:45	done what if that was your only source of income
09:47	and you hadn't built other sources of income And that
09:49	brings me to the number three and that is to
09:51	go all in to focus in on one thing .
09:54	So I really focused in and I told you I'd
09:56	give you this tip on courses . I focused on
09:59	creating a digital course , creating a community a membership
10:02	, I swear by going all in on one thing
10:04	. The same thing happened here on Youtube . I
10:06	focused in on , I could have done instagram ,
10:07	tiktok , all of these different things . But what
10:09	if I just focus on youtube become really good at
10:12	it , understand the algorithm , understand how the content
10:14	works . The people that are showing up on the
10:16	other end . What type of videos do you want
10:18	to see ? I'm asking you , I'm making sure
10:21	that I've become an expert on that one platform .
10:23	Same thing with your offer . You pick one thing
10:25	and go all in how many people will try multiple
10:28	things and that's okay because you're figuring out what your
10:31	one thing is . You don't have to know from
10:32	the get go , you gotta test . So I
10:34	like this scenario of you create . So if you're
10:37	creating content as you're creating offers , you are building
10:40	momentum for yourself and also for your future students ,
10:43	your current students , and then after you build momentum
10:45	, you gain clarity and with that clarity , you're
10:48	able to dial into that more specific niche , dial
10:52	in on that one thing that you offer and you
10:54	are able to see results . So action momentum ,
10:58	clarity , results . That's all going to happen when
11:01	you just start with Action , take action number four
11:04	, take care of those that are right in front
11:07	of you . And this has been the biggest takeaway
11:09	from the air . I have built relationships and I've
11:12	watched students journeys throughout the entire year because I launched
11:15	my first offer in january of 2020 . And so
11:18	to watch their entire journey , to watch them launch
11:21	their own Youtube channel for them to launch their own
11:23	coaching program , for them to start building a recruiting
11:26	funnel for them to do the things that I've been
11:29	able to be a part of their journey . It's
11:31	just been so rewarding and that's huge . Were so
11:34	often thinking , okay , how do I scale ,
11:35	How do I grow ? How do I go to
11:36	the next thing ? And we could be neglecting the
11:39	people who are right in front of us . If
11:40	I do a good job , taking care of the
11:42	person right here in front of me , my current
11:44	student , my current members , Even if there's one
11:47	, even if there's two , they're going to tell
11:49	another person they're going to get results , they're going
11:51	to be the ones that get the snowball rolling because
11:55	I'm taking care of the people right in front of
11:58	me . Do not neglect those that are closest to
12:00	you that includes your family , that includes those that
12:03	you come in contact with your friends , your neighbors
12:05	do not neglect them as you're trying to go find
12:08	the next person because you're just going to go find
12:11	the next person and then treat them not well .
12:13	You want to treat the people in front of you
12:15	the best . Okay number five . The final tip
12:18	I have is to focus in on your zone of
12:21	genius . Yes , at the beginning of your business
12:23	and brand , you're doing many things . Maybe you
12:25	are creating the content running the emails , also hosting
12:27	on social media , you're doing all these things ,
12:30	but remember I said focusing on one or two things
12:32	, so it's doable and then you will become aware
12:35	of what your zone of geniuses for my business and
12:37	brand minus to create the content to be a coach
12:40	with my students . So I'm always in the know
12:42	and also I invest in courses in the training to
12:45	make sure that I'm at the top of my game
12:46	, I'm able to really give them the best tools
12:49	to help them be the best brand , the best
12:51	business , the best teacher business that they possibly can
12:54	. So by investing in myself , I'm able to
12:55	invest in that . I'm also able to invest in
12:57	my team members and build an awesome team . But
13:01	it all starts with your zone , a genius ,
13:03	being aware of what that is and maybe from the
13:05	get go , you're not able to delegate or hire
13:07	a team member , that's okay , you might be
13:10	wearing all of the hats , but pay attention to
13:12	what lights you up and what you love , because
13:15	when you get to a point where you can hire
13:17	a virtual assistant where you can hire help for your
13:19	teacher brand , where you can hire someone to help
13:22	you in your business , then you are able to
13:24	delegate those tasks that maybe you don't enjoy . I
13:27	don't love writing emails , I don't , I don't
13:30	love it . That is something I would delegate or
13:33	I would hire someone to do that for me now
13:35	, I currently still do right my emails , that's
13:37	why you don't see them very often . So that's
13:40	something that I would hire a team member to do
13:42	. I love creating videos , I love love love
13:44	creating content and connecting with my community and that's where
13:47	I love to be , that's my like zona genius
13:50	, that's my people , so I am aware of
13:52	that and that's where I spend my time . Alright
13:54	guys , that is the end of this video now
13:56	. Make sure that you do check below . I
13:58	do have a full training if you're saying yes ,
14:01	I want to build a teacher business . I have
14:03	an entire 60 minute training for you . It's not
14:06	here on Youtube because it's for a specific person is
14:08	for that teacher that wants to build a brand specifically
14:11	on Youtube . So if you're like , uh ,
14:13	maybe it's me . If you're kind of questioning it
14:15	or on the fence , it's free , Go check
14:16	it out . You can watch the training and see
14:18	if it's a good fit for you and that's just
14:20	linked below . I'll also put in the comments for
14:22	you , 60 minute training if you're interested in building
14:24	a teacher brand on the tube on Youtube . That
14:31	is the end anymore . Do you want some preg
14:33	nancy dancing pregnancy ? It was like , my name's
14:36	in lava and I'm like , my name's in pregnancy
14:39	, So alright , pregnancy dancing all rob , rob
14:49	. Bye guys !

Summarizer

DESCRIPTION:

OVERVIEW:

My Online Income Streams from 2020 (Online Teacher Brand on YouTube) is a free educational video by Nancy Taylor.

This page not only allows students and teachers view My Online Income Streams from 2020 (Online Teacher Brand on YouTube) videos but also find engaging Sample Questions, Apps, Pins, Worksheets, Books related to the following topics.