Part 3/8:
When selecting a niche, the first factor to consider is the Cost Per Mille (CPM) and Revenue Per Mille (RPM). CPM refers to the amount advertisers pay for 1,000 views, while RPM is the estimated earnings for creators per 1,000 views after YouTube’s share. Understanding these metrics is crucial for maximizing earnings. For example, a channel with an RPM of $10 yields ten times the revenue of another with an RPM of $2, highlighting the necessity to seek out niches that promise higher payouts.