Episode 28: Monetizing And Diversifying Revenue Streams With Content{with Matthew Patrick}
Mar 3, 2015
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Matthew Patrick, online entrepreneur that started his new media empire on YouTube with a channel dedicated to Game Theory, discusses monetizing and diversifying revenue streams with content. They explore his various branches of operation, creating custom videos for video game brands, growing organic audiences on YouTube, and workflow structuring for creating successful video content.
Creating multiple streams of income is crucial once you have a solid content foundation.
Building a loyal audience through consistently delivered unique content is key to monetization on YouTube.
Deep dives
Diversification of Revenue Streams on YouTube
Matthew Patrick, known as MatPat on YouTube, discusses how he monetizes his YouTube videos and diversifies his revenue streams. He operates both the production component, including the Game Theory platform with almost 4 million subscribers, and a consultancy wing. The production side involves creating custom content for brands, both on and off YouTube, promoting their products or services. The consultancy side offers services such as workshops, consulting on new media strategies, optimizing content for success on YouTube, and helping with structural issues in advertising and brand workflows.
Monetization After Building a Loyal Audience
The key to monetization on YouTube, as observed in various examples, is building a loyal audience through consistently delivered, unique content over time. Monetization opportunities arise after reaching a significant audience threshold, such as 10,000 subscribers for Content Marketing Institute and Social Media Examiner, 100,000 YouTube subscribers for Rob Scallen, and around 500,000 for Matthew Patrick. The podcast emphasizes the importance of testing to determine the best monetization strategy for individual circumstances.
Probably the most exciting result of the Content Inc. philosophy is that anyone, anywhere can build a successful business using content to reach an audience. In this episode, Joe Pulizzi talks with Matthew Patrick, an online entrepreneur that started his new media empire on YouTube with a channel dedicated to Game Theory. Matthew stresses the importance of creating multiple streams of income once you have a solid content foundation with which to start.
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