Part 7/8:

By diversifying revenue sources, creators can cultivate more resilient business models, enhancing their financial stability and resilience in the face of platform changes or uncertainties.

6. Avoiding Dependency on Third-Party Platforms

Finally, relying exclusively on YouTube—or any platform—poses significant risks. Algorithms change, platforms rise and fall, and dependence on a singular source for income can lead to hardship. Creators need to build businesses that are not solely tied to YouTube's changing rules.

Having a mailing list or a direct line to one’s audience can prove invaluable should external platforms falter. This ensures that creators maintain control over their connection with viewers and can pivot their business strategies as necessary.