How to make money on YouTube
Making money on YouTube isn’t easy. If it was, a lot more of us would be multimillionaires by now. But don’t be disheartened; it is possible to make money on YouTube; it’s just not as easy as a lot of people make it sound! In this post, I will give you my top 6 strategies for making money on YouTube.
Table of Content
- 1 How to Make Money on YouTube
- 2 How much can you earn from YouTube?
- 3 How to Make Money On YouTube Despite The Competition
- 4 Conclusion
How to Make Money on YouTube
1. Join the YouTube Partner Program
YouTube Partner Program YouTube Partner Program is the way regular YouTubers can gain access to specific features available on YouTube.
YouTube Partners can access numerous income streams. Not only advertisements on video and YouTube Premium membership fees and other features that can tap the wallets of your loyal customers directly, such as Super Chat and channel subscriptions, and the shelves for merchandise
1. Start a YouTube channel
We’ve got you covered; we’ve got an easy guide to follow. It’s called How to start YouTube channels.’
Step 2: Make your channel popular enough to be able to meet requirements of the YouTube Partner Program requirements
To be eligible for the program, you must have a minimum of 1,000 subscribers and 4,000 watching hours over the past twelve months.
Here are some suggestions on ways to increase the number of those YouTube views.
Step 3. Set up an AdSense account
It’s easy. Follow YouTube’s official guidelines for AdSense account setup.
Step 4: Explore your new monetization features
Each channel of monetization has its qualifications. For example:
Revenue from ads: To make ad revenues, it is necessary to be 18 years old and recreate ad-friendly content. The more non-controversial your videos are, you’ll earn a higher chance that the YouTube marketers are at ease with running ads on them, and the higher your income.
YouTube Premium revenue If a YouTube Premium user views your content, you will receive part of their subscription fees. (This one is auto-generated, which is nice.)
Channel memberships: For you to market memberships for your channel to your clients (i.e., your followers choose to pay you an additional amount), you must be at least 18 years old and have more than thirty thousand subscribers.
Merchandise shelf: to sell merchandise on YouTube’s merchandise shelf, you must be 18 years old and, at minimum, 10,000 subscribers.
Super Chat payment: If you would like your viewers to be able to pay for their messages highlighted in live chats in your live streams, it is necessary to be at minimum 18 (and reside in a nation that has the option).
5. Submit to ongoing reviews
If you are a YouTube Partner, Your channel will be evaluated to be held to a higher level as per YouTube. Therefore, you must adhere to not only guidelines of the YouTube Partner Program policies as well as also the community guidelines. In addition, you must comply with copyright laws.
2. Sell your merch
Selling products is a feasible option to making money on YouTube.
Step 1: Imagine and design your product
The merchandise you offer to your channel is intended to represent your channel, your brand and increase the connection of your viewers to your channel. This means that your merchandise should be distinct.
A tip for you: You might have more merchandise ideas than you could sell. Start by testing the water by experimenting with just a couple of products. However, make sure you involve your group in the decision-making process. Ask them what they’d like. You can also create excitement by offering unique products tied to milestones in subscriber count.
Step 2: Source and/or build your product
In most situations, you’ll need either a supplier, manufacturer, or wholesaler to create and distribute your product. Some suppliers will ship it directly to you, and others will take care of the stress of shipping, inventory, and returns by taking care of the return process themselves.
Step 3: Create your shop and landing page
You’ll require a separate site to manage the purchase. However, if you’d like to link it directly to your YouTube videos (and you can), check out YouTube’s listing of sites that are approved for merchandise.
Step 4: Enable your YouTube Partner merchandise shelf
YouTube Partners can also use the shelf feature for marketing their merchandise. If you’re eligible to use it, follow YouTube’s guidelines to activate the feature.
Step 5: Promote your product in your videos
That’s where the personality can shine through. Wear or display your merchandise on your video—show viewers who have purchased and are wearing it.
Remember to add the URL of your store in your video description and include the screen at the end and cards that include appealing calls to action.
3. Create sponsored content
It’s not necessary to be active on Instagram to become an influencer. The benefit of the #sponcon approach is that you do not have to pay YouTube an amount of your income. Instead, you can negotiate directly with the company, paying directly. It’s no wonder that it’s a very common method for YouTubers to earn money.
If you can offer brands an engaged and large audience, and the content you provide is pertinent to your market, they’re likely to want to get in touch with you.
Step 1: Find a brand to partner with
The quality of the product is paramount about the brands you choose to work with. There’s probably an idea of your dream brands. If you’re looking to the stars or establishing yourself as a grassroots business, ensure you master your pitch before sending your pitch.
Step 2: Make a deal
According to this research conducted by the influencer marketing platform, Klear, YouTube’s videos have averaged the most expensive kind of content sponsored by brands that they can purchase from influencers. In essence, YouTube influencers can charge higher prices in their YouTube videos than to pay for Instagram Stories or Facebook posts because videos are more expensive to make.
Step 3. Be transparent regarding your #sponsored ad
Transparency is important for your legal standing and the relationship you have with your customers. YouTube includes a transparent disclosure feature to ensure that your audience knows that you’re promoting to them.
4. Be an affiliate partner
If your audience on YouTube is committed and active, but you’re not quite enough in terms of headcount, search for businesses that invest in affiliate marketing.
YouTubers associated with companies encourage their followers to go to the store’s website or specific pages of the product. They are then paid a portion of the revenue generated by their — yes, you guessed affiliate hyperlinks.
5. Get your fans to pay you directly
This method for earning money from YouTube has a variety of income streams, but they all share one thing: you must make it simple for your viewers to show you appreciation by using their credit cards.
Step 1: Host live chats where people can use Super Chat
At the beginning of 2017, YouTube changed its fan-funded feature by introducing Super Chat. This feature is available only exclusively to YouTube Partners while they live stream.
In essence, your viewers can be more visible in their remarks. This is because they’re displayed and pinned for a specific duration of time based on how much they’re paying for Live chat streaming.
Step 2: Encourage your fans to become channel members
YouTube provides the option to let your users pay to be subscribers to your channels. In exchange, they will receive customized emojis, badges, and access to exclusive member-only features such as Live Chats with you.
You’ll have to create an advertising strategy that convinces people to sign up that may or not comprise multiple membership levels. Similar to Super Chat, this feature is available exclusively to YouTube Partners.
3. Inspire your followers to become YouTube Premium users
This is the final step of our suggestions for this method because it will benefit your channel in a limited way. However, it is true that when YouTube Premium subscribers view the channel you run, you receive a number of their subscription fees. (And that’s the case for every other channel they follow.)
6. Make use of crowdfunding
Donations online are now widespread. Suppose you’re seeking to generate regular revenue through an array of smaller monthly contributions or raise funds for a personal channel-related venture. In that case, crowdfunding is a way for YouTubers to earn income.
Step 1: Set up a crowdfunding account
YouTube provides a list of authorized crowdfunding sites to select from.
To fund recurring campaigns, Patreon is an excellent choice for recurring funds. While other sites such as GoFundMe or Kickstarter are great for one-off campaigns to purchase a new microphone, a brand an upgraded laptop, or … the spleen.
Step 2. Promote your campaign on your videos
Set out your specific goals to let people know exactly what to anticipate when you’ve accomplished your goal.
Additionally, you can offer attractive perks that can be stacked as your supporters decide on how much to contribute.
3. Go beyond YouTube
A successful campaign requires an event that spans multiple platforms. Therefore, we’ve provided some suggestions regarding how to advertise the YouTube channel (and, as a result, the crowdfunding initiative) across all other platforms.
How much can you earn from YouTube?
Unfortunately, this age-old question is answered with one ludicrous solution: it depends.
There’s no limit to what you can achieve as 9-year-old Ryan Kaji, a YouTube star and multimillionaire’s story shows. However, getting to 7-digits takes a lot of effort and consistent effort and luck.
YouTube’s revenue is heavily dependent upon AdSense. Simply, YouTubers are paid per ad click of their channels. But the rates vary according to geography and demographics and industries (software advertisements may be more expensive CPM than, for instance, clothing advertisements).
YouTubers typically earn between $3 to $5 per 1000 video views via AdSense. In the event that your video channel is viewed by many people and you have a lot of subscribers, this could lead to a handsome sum. It’s not uncommon for major creators to earn up to $200,000 per month through AdSense in the first month.
Even the fact that your channel is on the rise and AdSense revenues are filling your bank account; you need to remember that YouTube fame is contingent upon a myriad of variables, and some (or the majority) factors are outside of your control. For instance, instance, YouTube algorithms are subject to change, as will your audience’s preferences and demands.
In order to ensure that any money you earn through YouTube can be converted into a healthy and regular income, adhere to our 7 steps and diversify. Branded deals, merchandise, and crowdfunding could earn you cash even if, due to any reason, the AdSense paychecks decrease.
How to Make Money On YouTube Despite The Competition
When you’re researching how to make cash with YouTube, bear in mind that you won’t be competing totally with different entrepreneurs for visitors and revenue. There will additionally be full-time YouTubers who are combat for the interest of your audience.
When you’re growing content material for your channel, it’s necessary to maintain this in thinking. You can stand out from the crowd via growing attractive video thumbnails and titles. Remember, YouTube is a closely visual-oriented platform, so nailing these will help you to draw in greater customers to view your videos.
The audio and video of your content material can also play a main position in your success. You’ll favor painting your company in a positive, expert light, so your video content material will want to be high-quality.
You can additionally beat the opposition via taking the benefit of YouTube SEO. Creating search engine optimization content material for your video descriptions is a terrific way to generate natural visitors for your YouTube channel. You can discover information on YouTube search engine optimization here.
We hope you enjoyed our article about how to make money on YouTube. With this knowledge, we know that you can make the most of your online video presence when using a platform like YouTube. So what are you waiting for? Get out there and start making some money while having fun at the same time! If you have any questions or concerns about making money on YouTube, feel free to comment down below. Thank you for reading, we are always excited when one of our articles is able to provide useful information on a topic like this!