Growing your business regardless of audience size with Matt Ragland
Jul 13, 2022
24:57
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Matt Ragland, early member of the Creator Economy, discusses balancing business and creativity, the use of email lists for becoming a full-time creator, diversifying income streams, and strategies for growing an email list.
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Quick takeaways
Email marketing can generate more revenue for creators than YouTube AdSense, with about 80% or more of overall revenue coming from a curated email audience rather than YouTube subscribers.
Creators should prioritize financial preparation and set specific goals before transitioning to full-time creator status, such as earning $10,000 per month for three consecutive months from their side hustle before making the leap.
Deep dives
Revenue streams beyond YouTube
Matt Rachland, a productivity YouTuber with over 60,000 subscribers, discusses how he generates revenue beyond YouTube. He mentions that only about 5% of his revenue comes directly from YouTube AdSense. The majority of his income is derived from his email list, where he promotes courses and coaching services. Despite his smaller email list size compared to his YouTube subscriber count, his email marketing efforts generate about 80% or more of his overall revenue. Matt highlights the power of a curated email audience and explains that although many subscribers come from YouTube, his email marketing proves to be more impactful in terms of driving revenue.
Transitioning to full-time creator
Matt shares his journey of transitioning from a side hustler to a full-time creator. As he balanced his main job, side business, family, and personal time, he realized that there weren't enough hours in the day. Feeling the need to prioritize his own business, Matt decided to take the leap into full-time creator status. He mentions that financial preparation played a significant role in his decision. Matt set specific goals and focused on achieving three consecutive months of earning $10,000 per month from his side hustle. Once he attained this milestone and had some savings, he felt ready to make the change and pursue his own business full-time.
Monetization strategies for creators
Matt provides insights into monetization strategies for creators. He emphasizes that many creators wait too long to start earning money and recommends initiating monetization at an earlier stage. Matt suggests starting small by offering paid workshops or courses focused on specific outcomes. These initial products help creators gain confidence and generate income. Over time, creators can expand their offerings and repurpose content, such as turning workshops into self-guided courses or coaching programs. Matt emphasizes the importance of curating information and creating a clear path for customers to follow. By starting small and gradually scaling up, creators can develop a sustainable revenue stream.
Matt Ragland was an early member of the Creator Economy with leadership roles at ConvertKit and Podia. Now, Matt runs a creator-centric agency focusing on course development and email newsletter growth, and is a full-time creator with over 60,000 YouTube subscribers and 12,000 email subscribers.
In this conversation, Matt shares advice on balancing business and creativity, as well as how he was able to use his email list to become a full time creator.