1 00:00:00,150 --> 00:00:05,700 All right, so Dan says, when setting up an ad sense account to monetize a channel, is there a limit 2 00:00:05,700 --> 00:00:09,140 to the number of other channels that we can link to this one ad sense account? 3 00:00:09,480 --> 00:00:14,760 Is it wise to do so or create separate ads since accounts for each channel in case the channel gets 4 00:00:14,760 --> 00:00:17,830 banned and is impacting the other ads in this account? 5 00:00:18,120 --> 00:00:22,880 Also, should we should we form an LLC or is it OK to leave it as a personal account? 6 00:00:23,310 --> 00:00:25,270 So couple of different questions here. 7 00:00:25,290 --> 00:00:28,390 He basically says, is it OK to monetize? 8 00:00:28,770 --> 00:00:30,050 Let me let me tackle them one at the time. 9 00:00:30,060 --> 00:00:35,160 So when setting up an ad sense account to monetize a channel, is there a limit to the number of other 10 00:00:35,160 --> 00:00:37,500 channels that we can link to one ad since account? 11 00:00:37,800 --> 00:00:41,740 Now, I would Google this to make sure, but I'm pretty sure there's no limit to it. 12 00:00:41,760 --> 00:00:47,280 I currently only have at the time of filming this to two YouTube channels that are monetized. 13 00:00:47,280 --> 00:00:49,190 They're both linked to the same ads, an account rep. 14 00:00:49,470 --> 00:00:53,810 So when I get my third one, Monitise, relatively soon, I will link that third one to the same ads. 15 00:00:53,840 --> 00:00:57,030 This account, when the fourth one gets monetized, say Madsen's account. 16 00:00:57,030 --> 00:00:57,240 Right. 17 00:00:57,260 --> 00:01:04,050 So I assume and I'm pretty sure maybe like ninety eight percent sure that there's no limit to the amount 18 00:01:04,050 --> 00:01:06,420 of channels that you can link to the same ads, this account. 19 00:01:06,420 --> 00:01:06,710 Right. 20 00:01:06,930 --> 00:01:11,580 Which would make it a lot easier for you to manage so you don't have to focus on getting paid out for 21 00:01:11,590 --> 00:01:12,540 multiple places. 22 00:01:12,750 --> 00:01:17,160 You can just link all your channels to the same ad account and then instead of getting like five hundred 23 00:01:17,160 --> 00:01:21,240 a month and four hundred a month and like two thousand a month, you just get twenty nine hundred a 24 00:01:21,240 --> 00:01:21,480 month. 25 00:01:21,480 --> 00:01:22,740 Right, because it's all together. 26 00:01:23,280 --> 00:01:25,270 So that's probably the easiest way to go about doing it. 27 00:01:25,270 --> 00:01:27,920 And that's how I approach it and that's what I'd recommend for you. 28 00:01:28,170 --> 00:01:32,430 Now, your second part of the question is, is it wise to do so? 29 00:01:32,730 --> 00:01:37,620 We'll create separate ads and accounts for each channel in the case that yours gets banned. 30 00:01:37,620 --> 00:01:37,880 Right. 31 00:01:37,890 --> 00:01:42,960 So if your ad sense account is linked to like a channel that gets banned, you don't want your other 32 00:01:43,080 --> 00:01:43,620 channel. 33 00:01:43,620 --> 00:01:47,110 You're saying link to that same assets account so that one might get banned as well. 34 00:01:47,370 --> 00:01:51,390 And my answer to that is it really depends, honestly, like, what are you doing? 35 00:01:51,390 --> 00:01:56,280 Are you doing something where you're clipping someone else's content primarily and you don't have the 36 00:01:56,280 --> 00:01:57,240 copyright for that? 37 00:01:57,240 --> 00:01:59,250 In that case, then I would say yes. 38 00:01:59,250 --> 00:02:04,620 If you're doing something shady like that and you're not creating your own content specifically and 39 00:02:04,620 --> 00:02:08,670 you have one channel that's doing that link to your other channels, then yes, I would say then in 40 00:02:08,670 --> 00:02:12,720 that specific case, create multiple channels and multiple absents accounts. 41 00:02:13,020 --> 00:02:17,520 But if you're ninety nine point nine percent of people on YouTube and you're creating your own content 42 00:02:17,520 --> 00:02:22,470 and you just have content that from your videos that you're creating on different channels, then you're 43 00:02:22,480 --> 00:02:24,600 fine to link it all to the same Madsen's account. 44 00:02:24,760 --> 00:02:26,000 I wouldn't worry about that. 45 00:02:26,010 --> 00:02:30,840 Now, your third part of that question is, should you form an LLC or is it OK to leave it as a personal 46 00:02:30,840 --> 00:02:31,230 account? 47 00:02:31,650 --> 00:02:35,390 Again, this is going to depend on your situation and your main goals. 48 00:02:35,670 --> 00:02:37,950 Mine is linked as it used to be, an LLC. 49 00:02:37,950 --> 00:02:39,780 It's an escape now for tax reasons. 50 00:02:40,290 --> 00:02:45,330 But I always recommend it really depends on you, like it depends on your goals. 51 00:02:45,330 --> 00:02:49,680 Are you just doing this as a side hobby, as like a side business, as a side hustle to make a little 52 00:02:49,680 --> 00:02:55,320 bit extra money in that case, then it's perfectly fine to obviously keep it personal and probably ninety 53 00:02:55,320 --> 00:02:59,760 five to ninety nine percent of the people watching this are probably going to want to keep it personal 54 00:02:59,970 --> 00:03:02,190 because they're not going to want to form a business to do it. 55 00:03:02,940 --> 00:03:08,340 But in my perspective, if you're not just doing it as a side hobby right now and you actually want 56 00:03:08,340 --> 00:03:13,650 to start up a legitimate business, and keep in mind, you don't have to create an LLC or do this initially, 57 00:03:13,980 --> 00:03:19,140 but eventually, once you start making decent money with YouTube in your ad sense account, you'll probably 58 00:03:19,140 --> 00:03:25,620 want to form at least an LLC because you'll get a lot more tax breaks and you'll make and keep a lot 59 00:03:25,620 --> 00:03:31,230 more of your money and obviously consult an accountant in your specific state and your specific country 60 00:03:31,410 --> 00:03:32,610 depending on where you live. 61 00:03:32,790 --> 00:03:39,600 But generally speaking, you'll make and keep a lot more of your money if you you form a business, 62 00:03:39,600 --> 00:03:44,280 whether that's an LLC, an S corp or whatever it is, because you can write off a lot of your other 63 00:03:44,280 --> 00:03:44,640 stuff. 64 00:03:44,640 --> 00:03:44,820 Right. 65 00:03:44,830 --> 00:03:49,530 So, like, if you're doing YouTube specifically and you form a business, the camera that I'm talking 66 00:03:49,530 --> 00:03:52,890 to, that's a write off the light that goes around the camera that I'm recording from right now. 67 00:03:53,250 --> 00:03:54,960 That's a write off this microphone I'm wearing. 68 00:03:55,170 --> 00:03:56,550 That's a write off this computer. 69 00:03:56,820 --> 00:03:58,770 That's a write off because I edit my content on it. 70 00:03:58,770 --> 00:03:58,980 Right. 71 00:03:58,980 --> 00:04:00,660 So this is like a two thousand dollar computer. 72 00:04:01,380 --> 00:04:02,130 That's a write off. 73 00:04:02,130 --> 00:04:03,900 I don't actually have to pay out of pocket for that. 74 00:04:04,080 --> 00:04:08,580 That comes off the taxes that I would have paid based on the income that I make. 75 00:04:08,580 --> 00:04:11,280 I just knock that income down and I pay less in taxes. 76 00:04:11,280 --> 00:04:11,540 Right. 77 00:04:11,760 --> 00:04:14,250 So ultimately, you can potentially keep more of your money. 78 00:04:14,250 --> 00:04:18,480 You can potentially make more of your money and you can kind of get cool little gadgets like this as 79 00:04:18,480 --> 00:04:23,490 like right off on your business's not for free, but your business is buying it. 80 00:04:23,490 --> 00:04:24,900 You're not paying it out of pocket. 81 00:04:24,900 --> 00:04:25,230 Right. 82 00:04:26,010 --> 00:04:28,110 So it really depends on a lot of different factors. 83 00:04:28,110 --> 00:04:29,610 You don't have to do that when you're starting. 84 00:04:29,610 --> 00:04:34,110 But if you plan on taking it seriously, if you plan on scaling it up and getting a lot of cool stuff, 85 00:04:34,110 --> 00:04:35,490 you don't actually even need to. 86 00:04:35,490 --> 00:04:38,400 And keep in mind, I'm not an accountant, so consult an accountant. 87 00:04:38,760 --> 00:04:40,500 I'm just speaking from personal experience. 88 00:04:40,500 --> 00:04:40,680 Right. 89 00:04:40,740 --> 00:04:43,710 This is my own anecdotal experience that I'm basing this off of. 90 00:04:43,710 --> 00:04:49,620 It's not recommendations, but if you plan on scaling it up, then what you could do is you could obviously 91 00:04:49,620 --> 00:04:54,600 buy a bunch of stuff, write it off on your business, because you don't need to, in most cases, show 92 00:04:54,600 --> 00:04:56,470 a profit on your business for the first two years. 93 00:04:56,710 --> 00:04:59,700 So you get a bunch of really cool stuff, you know, basically, and you're busy. 94 00:04:59,890 --> 00:05:00,590 And pay for that. 95 00:05:00,620 --> 00:05:06,760 So in my experience, in my opinion, if you're starting and you plan on starting slowly or you don't 96 00:05:06,770 --> 00:05:10,030 you're not making any money right now, then it's perfectly fine to keep that personal. 97 00:05:10,220 --> 00:05:15,110 But once you start making a lot of money or if you plan on scaling up with a lot of equipment, you 98 00:05:15,110 --> 00:05:20,450 probably want to form an LLC or at least talk to an accountant or somebody like a business consultant 99 00:05:20,450 --> 00:05:25,730 or something like that that can tell you the best way to go for your situation and your goals, because 100 00:05:25,730 --> 00:05:29,000 obviously everybody's going to be different if you you're on the side of the spectrum where you plan 101 00:05:29,000 --> 00:05:30,740 on scaling this up into a full time business. 102 00:05:30,860 --> 00:05:35,600 And if full time content you to business very, very quickly, you're on one side of the spectrum. 103 00:05:35,780 --> 00:05:40,550 And if you're just kind of doing this as a side hobby to see if this is something that is plausible 104 00:05:40,550 --> 00:05:44,750 and can work for you and you can actually get paid for them while working from home, you're on the 105 00:05:45,020 --> 00:05:48,240 other side of the spectrum and obviously a bunch of people fall anywhere in between that. 106 00:05:48,260 --> 00:05:49,760 So that's my best advice. 107 00:05:49,770 --> 00:05:54,380 You don't need to in the beginning for your third part of the question, but ultimately it's recommended 108 00:05:54,380 --> 00:05:59,150 because you can write off a bunch of stuff and you'll make and keep a lot more of your money. 109 00:05:59,150 --> 00:06:02,990 But that was a great question and hope all three of those answers really helped you out. 110 00:06:03,230 --> 00:06:03,800 Dan?