I have been thinking about this for quite sometime now but I’m still unsure if I should actually start a Youtube channel for DatMoney. As you guys know vlogging is really popular and if you know how to pull the right strings, it can work wonders. And when I say wonders I mean to say you’ll get a lot of subscribers (for your Youtube channel and blog), lots of traffic to your individual site as well as many a good amount of money.

Why Start A Channel On Youtube? Benefits?

Technically, I already have a personal one but I don’t use it. I think I created one years ago but forgot about it. But why should I start one for DatMoney? Well, there are a number of reasons and a big part of it is to take my blog to the next level.

If you’re an internet entrepreneur, you find ways to expand your business, take advantage of the opportunities that are in front of you as well as experiment on what works and what doesn’t. For instance, everyone takes advantage of social media sites like Digg and Reddit, social networking sites like Facebook of Twitter and social video sites like Youtube.

So, what are the benefits of starting a targeted Youtube channel for DatMoney? Well, it’s simple – money, traffic and subscribers.

Money/Additional Revenue Source – I’ll get more into it when and if I decide to go about this but you should be able to make money from both the Youtube videos as well as your own website. If you know me, you know that I try to have multiple revenue sources incase one dries up then I have a backup.

But again, I’ll go into full details if I actually do it for DatMoney.

Traffic – In the big picture, traffic equals potential money and subscribers. Not only that but you can brand yourself even more with videos and a expanded audience.

Subscribers – Everyone tells me that building a list is good and people always tell me how it will benefit me if I do it right. Well, let’s save that topic for some other time.

But you’ll want to get subscribers for your website but also for your Youtube channel. The reason why you’ll need it is to make money with Youtube directly in the future.

Downfall For Setting Up DatMoney’s Youtube Channel

There are a few downfalls I can think about if I were to set up a Youtube channel for DatMoney.

Lack of Time on Time Consuming Project – Believe it or not, you’ll probably have to spend a good amount of time with making videos. I mean, it’s not just point, shoot and upload. You have to know what you’re saying in the video, give examples and keep it interesting, edit the video, upload it and also get people to view it.

I’m sure there’s more to it but only if it were that easy.

Not My Ugly Mug – Personally, I don’t think I want my ugly mug on all these videos and there are ways around this but it makes it more impersonal.

Of course, one of my thoughts was to get a good looking woman to discuss my topics for me. But there are a bunch of downfalls for that in itself.

Providing Videos People Want to Watch – The whole point of this project would be to make money, get subscribers and get traffic but if the videos aren’t up to par then that would be strike one, strike two and ssstttrrriiikkkeee out!

If I were to set up a Youtube channel for DatMoney, more than likely I would go into full details and examples on how people can make money online, get traffic, build a website and a bunch of things most people aren’t aware that you can do online. I wouldn’t discuss everything I discuss here like site updates, personal stuff like rants and dedicated web hosting, etc.

So, Will I Start a Youtube Channel?

It’s hard to say because of the time involved in it. I’m actually considering doing it for something completely separate from DatMoney but the potential is there. The reason why is the fact that you actually don’t have as much competition in this niche on Youtube if you become a trusted source and separate yourself from spammers.

Of course, the hard part is to build that trust and, well, separate yourself from all those spammers.

But I had a chance to watch a couple of the “make money online” videos and they aren’t really helpful at all. If I can separate myself from them by going get full details then I’m sure it will be just fine.

Anyways, what do you guys think? Does anyone else have a somewhat popular Youtube channel?