Is YouTube good for business growth?

Hey members.

I have a few businesses which I've transitioned over the last couple of years to allow me to live in Asia (Cambodia) and run the businesses online. I currently spend thousands per month on paid advertising such as Google ads and social media ads and I came across a YouTube video which claims that if I put my time and effort into YouTube by way of creating videos consistently, it could replace my current paid ads. I wondered if anyone else has any input or experience on this subject?

@Brett Dev

I know you've done well on your YouTube channel in terms of growth and engagement with over 50k subscribers and some videos seeing over 240k views which is fantastic! But my question to you is that with this level of growth, I notice that you don't post videos on YouTube consistently (I'm always on the lookout for a new Brett Dev video). So I wanted to ask if it's purely because you're too busy or is it hardly worth your time creating videos on YouTube even with your larger subscriber amount? To clarify, I understand that monetization from YouTube isn't everything but I'm wondering about it in terms of gaining new business, sponsorship offers and so on.

I operate in a very niche market and the YouTube space for my niche is really for the taking at the moment. I only have 1.8k subscribers on our YouTube and another business in the same industry has over 30k. I always wonder if 30k subscribers would be benefiting his business but as he takes the time out to create new videos I assume it is.

Thanks for any input!

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