[00:07] Holy Grail of YouTube's monetization everyone wants to reach at this stage because this the most lucrative way to make money with videos but it's also the most difficult one and there is reason why you see you need to understand what
[00:19] sponsorships or Partnerships are to get people attracted to you and you need to understand that very well so sponsorship is basically an ad on your video someone is paying you money directly in advance to promote their product and your goal
[00:32] is that to promote their product to get as many people to the sales I mean sales team or a landing page or whatever it is and to encourage people to purchase the product that means that it's not just their duty to pay you money it's your
[00:47] duty to help them not generate them but to help them generate sales when you understand this you will most likely understand how to do that for them so how to attract and secure sponsorships for your channel now fex what is
[01:00] Channel's Niche your Channel's Niche should be very specific the more specific your Channel's Niche is without being too specific it will be easier to Define what type of audience is watching you and when you have perfect
[01:13] sponsors will also be able to see what type of people you have on your channel sponsor you and they will contact you they will most likely be already ready to partner up with you so you need to have clear Niche now this clear Niche is
[01:26] important not the number of subscribers not the number of views you generate even though this is important the niche is more important because it's easier sponsors and easier to start working with you as an example on my YouTube
[01:39] channels because they were very specific on their topics I managed to get my first sponsors before I even hit 1,000 subscribers yes you can do that I can't happen you don't need tens of thousands or even hundreds of thousands
[01:52] subscribers to get your first sponsors second thing that is important you need to position yourself as a professional in your niche faced or faceless doesn't information in your video must be very precise and true the more precise and
[02:06] better the information is more professional you look in their eyes and already done you should have a very clear branding on your channel and you that it should not be very difficult for sponsors to contact you now there are
[02:20] on your channel the ones that you will find you than the ones that you will likely you will find the second one but let's start with the first one the ones that will find you will most likely be ready to partner up with you and it's
[02:33] just a matter of negotiation how it will continue negotiation will be the price deliverables are basically the things that you will create for them the videos or the sponsor segments but second one is actually a little bit more difficult
[02:45] in some cases and the easier other cases and this is the fining sponsors yourself you see if you have created Channel you'll most likely know and understand what type of tools or services that your users will most likely buy so you will
[02:58] tell them that you have YouTube channel and you would like to and you would like to be sponsored by them now most of them will just ignore you or just say or just say straight out no it's completely normal do not get worried about that
[03:12] it's completely normal I would say that 90% of the company that you will contact will go to not answer at all and more than half of the ones that are left will just will just say straight out no the rest will want to negotiate with you
[03:24] to see who your who your viewers are well they want to see what you can it is important to have all those negotiations in an email form or written form because if some issues will arise you will always have the proof that what
[03:38] said phrase was s because it was written on an email also it is very important to sent to you when you will agree with sponsorships even though it's a legal lawyer that will take a look at this for you but if you're going to go and check
[03:51] this yourself again this is not a legal advice just make sure payment terms and deliverables are very precise and exactly what you negotiated for now the payment wise some companies will actually give you their services for
[04:03] free in exchange for the deliverables just make sure that you want those also they're sending you the free products make sure that they will be covering all
[04:16] not just deliveries but all the taxes and duties make sure to do so because some products can be expensive and will require Taxation and you will have to pay out of your pocket so make sure that they will cover all the costs otherwise
[04:28] otherwise just do not agory for the any free stuff as for the amount of money that you want to ask from a sponsorship now that purely depends on how big your channel is how many subscribers you have how many average viewers you have and
[04:40] what is their budget and it's usually the part of negotiation you can you need to discover this prices for yourself just make sure the prices that they're otherwise it's not worth it to work for small amount of money overall
[04:53] when you grow your channel quite big and you're going to have a lot of people reaching out to you and trust me a lot just just make sure that you check every single one of them before you're going to continue contacting them because many
[05:05] of them are scammers and also make sure that you check out the contracts that you are sent to you because sometimes they might have some small Clauses that will invalidate the contract and also make sure that you agree on a payment
[05:19] to make the video and they will not pay you because yeah because they would say will just completely ghost you just make sure that you save yourself from these things as well not a legal advice of course and even those sponsorships and
[05:32] Partnerships are very lucrative they are very easy to make but they're very hard to find there is also one way one more way to make money from your YouTube videos that is far more lucrative than any of those will most likely not
[05:46] require any third parties and you can start doing from very beginning of your and your own products and we're going to talk about that in the next lecture take