10+ Best & Profitable Youtube Business Ideas [2023]

Start a profitable YouTube business in 2023! Discover the 10+ best ideas to make money on YouTube, from selling merchandise to creating exclusive content. Learn how to launch your own profitable YouTube business today!
Nick

By Nick Cotter
Updated Feb 07, 2024

Image of youtube business ideas
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Hey there, future YouTube sensation! Ever dreamt of turning your passion into a profitable business? Well, you're in luck! The year 2023 is set to be a game-changer in the world of YouTube entrepreneurship. It's time to dust off that camera, polish your editing skills, and gear up to make your mark in the digital universe.

Whether you're a seasoned YouTuber looking to diversify your content or a newbie ready to take the plunge, this article is your treasure map. It's packed to the brim with over 10 profitable YouTube business ideas that are not just trendsetters but also money-makers.

So, are you ready to embark on this exciting journey? Ready to transform your 'hobby' into a thriving business? Then let's dive right in and uncover the best YouTube business ideas for 2023 that could potentially catapult you to stardom and financial success!

Starting A Channel To Review Products Or Services

Starting a channel to review products or services can be a great business idea as it can be an easy way to generate passive income. It also allows people to connect with customers, build trust and loyalty, as well as showcase their knowledge and expertise. Here are some of the benefits of creating such a channel:

  • Educate potential customers about the quality of a product or service
  • Encourage customer engagement and interaction through social media interactions
  • Create an ongoing source of income from affiliate links, sponsorships, and other forms of monetization
  • Drive traffic to your website or blog for further monetization opportunities
  • Increase your visibility on social media platforms
  • Provide customers with an avenue for feedback and reviews on products and services
image of a Starting A Channel To Review Products Or Services

Creating Tutorial Videos On Business Topics

Creating tutorial videos on business topics is an excellent way to not just educate people on a certain topic, but also to generate revenue. Tutorial video content is extremely popular and attracts a lot of views, making it a great business opportunity. Here are some of the reasons why creating tutorial videos on business topics would make a good business idea:

  • The potential for high viewership and engagement
  • Ability to monetize the videos with ads
  • Educating people on various topics
  • Opportunity to become an authority in the space
  • Potential to grow your business with more video content
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Examples of successful businesses:

The YouTube business industry is growing at an incredible rate with new opportunities to capitalize on emerging trends. Here is a list of popular and successful companies in the YouTube business industry:

  • VidIQ
  • TubeBuddy
  • Tubeboon
  • Tubular Insights
  • Exposure Ninja
  • ReelSEO
  • ViralSweep
  • Video PowerUp
  • Promolta
  • Down Social Media

Starting A Channel To Discuss Current Events In The Business World

Starting a channel to discuss current events in the business world could be a great way to reach a wide audience and engage people in thought-provoking conversations. Here are some of the benefits of starting such a channel:

  • It provides an opportunity to become an expert on current affairs in business and finance.
  • It gives you a platform to share your thoughts and ideas with others.
  • You can create content that appeals to a wide audience.
  • It could lead to new connections and opportunities within the industry.
  • You could gain exposure for yourself or your business through the channel.

Starting A Channel With Advice And Tips For Entrepreneurs

Starting a channel with advice and tips for entrepreneurs is a great business idea as it can provide valuable advice to help people on their paths to success. Here are some benefits of starting such a venture:

  • Provide helpful insights and advice to aspiring business people
  • Grow your reputation as an expert in the field of entrepreneurship
  • Attract potential customers and build up brand recognition
  • Generate an income from advertising or subscription fees for premium content
  • Network with other entrepreneurs in the community

Launching A Channel Featuring Interviews With Successful Business Owners

Launching a channel featuring interviews with successful business owners would make a great business idea because it:

  • Increases visibility of these entrepreneurs
  • Makes them more accessible and relatable to aspiring business owners
  • Provides them with an additional platform to showcase their businesses, products or services
  • Can act as an advertising platform for their businesses, products or services
  • Can help to build relationships and connections with other entrepreneurs and potential customers/clients
  • Gives advice from real-life experience and accumulated wisdom that can’t be found in books or online articles
  • Inspires, encourages and motivates others to start their own businesses or pursue their passions and dreams

Creating Webinars And Workshop Videos

Creating webinars and workshop videos is an excellent business idea. It offers the potential to reach a global audience and can be packaged as subscription-based services, allowing for a steady stream of recurring income. Advantages of this business idea include:

  • Low entry cost - all that is needed is a laptop, decent quality microphone/camera and some basic software
  • Flexible - webinars and workshop videos can be designed around existing knowledge, skills and expertise
  • Scalable - growing the business by producing multiple webinar topics or targeting different markets
  • High margin - selling subscriptions based on the value of the content produced

Producing Podcasts On Topics Related To The Business World

Producing podcasts on topics related to the business world could be a great business idea. By delivering valuable and interesting content through audio, which is one of the most popular mediums of consumption, this venture can easily attract listeners and potential customers. Here are some reasons why producing podcasts on topics related to the business world is a great business idea:

  • Podcasts can provide meaningful and interesting content that can be utilized to promote products or services related to the business world.
  • The reach of podcasts is large, as most people own smartphones and have apps for listening to them.
  • The production costs for podcasts are low and therefore offer an easy entry point for a business.
  • Podcasts have the potential to reach a great number of listeners - both locally and internationally - as they are often distributed digitally across different platforms.
  • The content of podcasts can be monetized by selling advertisements or sponsorships.

Developing Videos Showcasing New Products Or Services

Developing videos showcasing new products or services can be a great way to engage customers and introduce them to your offerings. It can be a powerful way to create brand loyalty, momentum and sales. Here are some reasons why it makes a good business idea:

  • Videos are an eye-catching, engaging way to showcase new products and services.
  • The visuals, sound and movement of videos draw viewers in.
  • Videos can help boost SEO marketing by increasing visibility on search engines.
  • Video campaigns deliver higher click-through rates than any other type of content.
  • Videos are an effective way to tell stories about your products or services.
  • Adding videos to emails increases the click-through rate by 300%

Starting A Channel To Provide Motivation And Inspiration To Aspiring Entrepreneurs

Starting a channel to provide motivation and inspiration to aspiring entrepreneurs can be a great business idea. It can allow entrepreneurs to gain insight into what's needed to be successful in their endeavors, as well as provide access to helpful resources. Here are some benefits of starting such a channel:

  • Provide inspiring stories of successful entrepreneurs
  • Give tips and strategies on how to create successful businesses
  • Discuss the most important business strategies that can be implemented
  • Introduce new tools and techniques for entrepreneurs to utilize
  • Cover popular business topics relevant to aspiring entrepreneurs
  • Create an online community for entrepreneurs to engage with each other and ask questions

Creating Videos To Help With Marketing Efforts

Creating videos to help with marketing efforts is a great business idea because it can help to engage customers and spread awareness about a product or service quickly. Videos are also more likely to be shared by viewers, and can result in increased sales or brand recognition. Here are some of the ways creating videos can help with marketing efforts:

  • Videos can be shared on social media channels, increasing visibility and reach.
  • Videos can be optimized for search engines, helping people find your product or service.
  • Videos are more engaging and entertaining than written content, leading to increased customer interest.
  • Videos can be used across multiple platforms, such as email campaigns and display ads.

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.