TLDR;
This video is all about how to start a finance channel on YouTube and make money. It covers niche selection, finding video ideas, creating scripts with AI, voiceovers, and video creation using Canva. The video highlights the potential in the finance niche due to low financial awareness in India and suggests targeting regional languages for faster growth.
- Finance niche has high earning potential.
- India has low financial awareness, offering growth opportunities.
- AI tools can simplify content creation.
- Regional languages can provide a competitive edge.
Intro: Finance Niche on YouTube [0:01]
The finance category on YouTube can fetch you a good amount of money per 1000 views. While it's a lucrative niche, not everyone is cut out for it. Big names like Pushkar Raj Thakur and Pranjal Kamra have already made their mark. Even with fewer views, you can still make good money because of the high RPM (Revenue per Mille).
Untapped Potential in Finance [1:16]
Don't worry about saturation in the finance niche. Financial awareness in India is still quite low, with most people sticking to traditional investments like FDs, gold, and property. Only a small percentage invests in the stock market compared to the global average, leaving plenty of room for new creators. Targeting regional languages can also help you stand out, as most finance channels are in English or Hindi.
Who Can Start a Finance Channel? [2:32]
You don't need a finance background to start a channel. All you need is a personal interest in finance and a habit of keeping up with financial news. Whether you're from an engineering, science, or commerce background, it doesn't matter.
Micro Niche Selection [3:09]
Finance is a vast field, so new creators should focus on micro niches. Use tools like Chat GPT to explore different categories and sub-categories within finance, such as personal finance, investing, and retirement planning. Pick a category that interests you to get started.
Finding Video Ideas [3:54]
There are two types of video ideas: trending topics and evergreen topics. Trending topics, like the Union Budget or IPO launches, give you a lot of views for a short time. Evergreen topics, like "stock market for beginners" or "what is SIP," keep getting views consistently. Look at the popular videos of established channels to find these evergreen topics.
Creating Video Scripts with AI [5:01]
You can use AI to create video scripts. Use Chat GPT to generate video ideas and scripts for your chosen category. For example, ask Chat GPT for five video ideas on personal finance. You can also use a Google Chrome extension to summarise YouTube videos using Chat GPT, which can help you gather content and create scripts quickly.
Voice Over Tips [7:45]
For faceless channels, use your own voice for voiceovers to build brand value and attract sponsorships. If you prefer, you can use AI voices from platforms like 11Labs. Modify the AI-generated script to add your personal touch.
Video Creation with Canva [8:27]
Use Canva to create your videos. Select the right video size and add relevant stock videos according to your script. Search for videos in Canva's elements section. Upload your voiceover file and adjust the scene durations accordingly. Add text and animations to make the video more engaging. Use transitions between scenes for a polished look.
Example Video and Investment Planning [10:34]
The video provides an example of a 2-minute video created using these steps. It touches upon the importance of financial planning and simplifies investment planning into six steps: savings, loans, insurance, investments, tax planning, and retirement planning. The video emphasizes that good investment planning should be easy to understand and implement.