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Anonymous
2.5 years, I started a claw machine Youtube channel and published 1 video a week. So far the channel has made about $31,000 in ad revenue and has close to 54,000 subscribers. I'm thinking of quitting my full-time job ($70K annual) to focus full time on growing the channel but I can't seem to find the courage to do so. What are the important questions I should ask myself before making the jump?
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Rachel Yeo
22 Jul 2019
Content Strategist at Seedly
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Gabriel Tham
22 Jul 2019
Tag Team Member at Kenichi Tag Team
A few questions you might want to consider before taking that plunge:
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Just Being Ernest
21 Jul 2019
Content Creator at www.youtube.com/c/JustBeingErnest
Before taking the plunge, you might want to look at asking yourself these questions.
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Hello!
Being a YouTube influencer is a great and fulfilling journey, and if it is something you love, then it isn't something you should give up on!
Here are some practical questions you can ask yourself regarding your financial position, and whether or not you are financially ready to make the jump:
1. Whatâs your earning potential on YouTube?
2. Is this a revenue you can upkeep for the long run?
Your current monthly income: ~$5.8K/mth. This is your opportunity cost if you were to switch careers!
3. How much savings do you have currently? Are you able to live comfortably with your savings for the next 1 year?
If you are hesitant to make the switch, it may be due to a lack of planning and research on your part! Overall, I feel that if youâre in a financially secure place, and if youâre able to afford to take time off starting your YouTube channel- go for it!