There are many ways to make money online and most our audience asks us how to make money on youtube! People who have built an audience by uploading videos to YouTube about various topics (such as how to do something or just being awesome) are the modern-day equivalent of overnight sensations.
You may not have set out to make money with your channel on YouTube, but you’ll likely be pleasantly surprised by the abundance of revenue-generating possibilities.
Thankfully, there are a variety of innovative approaches to monetizing your YouTube channel.
Set Up And Build Your YouTube Channel
Your channel serves as your own unique representation on YouTube. There is only room for one channel per user on YouTube. Creating a YouTube account will also give you access to other Google services like Gmail and Drive, as they all share the same login system.
You can make a brand-new account for yourself, or you can use the one you already have. You can make your channel more discoverable by including keywords in its description. The Advanced section of your Channel Settings is where you’ll find the option to add keywords.
Check to see that the keywords you’re using are appropriate for the material you’ve written. There is also the potential for your username to aid or hinder your efforts. Your chances of being remembered increase if the name of your channel is short, simple, and distinctive.
If you’d prefer to use a different name for your Google+ profile, you can always adjust your profile settings to do so. Keep in mind that there is a maximum of three times you can change your username in a 90-day period.
Join The YouTube Partner Program
It is crucial that you understand the YouTube partner program if you have been wondering how to generate money from YouTube. In order to earn money from their videos, YouTube creators need to be accepted into the YouTube partner program.
Your application to YouTube’s Partner program will be assessed once your channel reaches 1,000 subscribers and 4,000 total views.
This implies that you will not be able to make money until you reach a certain amount of subscribers and/or views, making it all the more important to keep up the good work of developing new material and expanding your audience.
Assuming you meet the program requirements, you will be able to submit an application for the monetization.
Advertising Revenue
Given that Google controls YouTube, it’s no surprise that the company has made it dead simple to sign up for Google Adsense and start monetizing your videos.
Everyone who watches your videos will see various advertisements since they will be tailored to their individual web browsing habits (now you know why you keep seeing advertising for a product you showed your interest in a while ago).
While this may look like easy money, the vast majority of Adsense users make zero dollars or very little. You have to split the advertiser’s budget with Google. Not all the details are out in the open, but it seems that Google keeps around 45% of what marketers pay.
In reality, your earnings per thousand views will be closer to $1 to $2. This interest rate fluctuates frequently. To count as a “view,” they must fully watch the ad. Cost-per-click (CPC) advertisements on your YouTube channel are another choice; success with these advertising depends on viewers clicking on them.
For an average YouTuber, the $100 minimum compensation barrier is the most relevant factor. Google will not make any payments to you if your earnings are insufficient. In the end, the issue is traffic. If you manage to get a significant number of visitors, Google will begin to monetize your site just like they do with every other sort of website.
You should make and promote only high-quality videos. Each and every one of the most popular YouTube personalities started off just like this. They attract a following, promote their videos extensively, and, as their number of subscribers grows, earn respectable livings that they supplement with various means of making money.
Make Money On YouTube By Partnering With Brands For Sponsored Content
Advertisers are increasingly allocating resources to influencer marketing, with a particular focus on popular YouTube content providers. With YouTube being the highest-paying medium for brand partnerships, this presents a tremendous opportunity for producers.
Don’t write off the possibility of a brand sponsorship just because you don’t have a huge number of subscribers; businesses are always looking to connect with micro-influencers, too. One of the best ways to make money on YouTube is to secure brand sponsorships.
Always be transparent with your audience about any brand partnerships you may have. Carefully select the brands you’ll be working with, and avoid endorsing anything in which you don’t firmly believe.
Considerations like audience make-up, reach, content quality, and the rarity and financial potential of your niche all contribute to your bargaining position. Most advertisers will pay 5-15 cents per view, but if the brand is a strong fit, you may be able to negotiate a higher rate.
Getting verified on YouTube can boost your credibility, which is important if you want to collaborate with businesses and have a large subscriber base.
Sell Products Or Merchandise
You may monetize your YouTube channel by selling a wide variety of things. Besides bringing in cash, there is another advantage to selling swag like T-shirts, mugs, totes, and hats.
The engagement with your audience is strengthened when they can “buy into” what you’re doing by purchasing merchandise bearing your brand and personality.
It’s less difficult to make a profit from selling branded merchandise than you may think. Freelance marketplaces like Fiverr make it easy to purchase unique designs for low prices, perfect for mass producing items like t-shirts.
You may integrate your store with DSers or one of the many print-on-demand vendors to handle shipping, logistics, and customer support, enabling you to reap the benefits of a print-on-demand business with less work.
Turn To Crowdfunding
Your channel can be sustained through crowdfunding, among other monetization strategies. Both recurrent and project-based crowdfunding are common. The former is more advantageous for producers, as it allows subscribers to enjoy premium features and support the channel financially.
When there are more subscribers, there is also more revenue. Motives to sign up, such as one-on-one video chats, private sessions, or products, might be offered to viewers as an incentive. Many artists with a sizable fan base, including YouTube creators, musicians, and others, use Patreon as a way to supplement their income.
With a project-based crowdfunding campaign, you can raise money for your concept. Launch your campaign on platforms like Indiegogo, Kickstarter, or GoFundMe.
Offer Channel Memberships
If you’ve got more than 30,000 subscribers on YouTube, you can start monetizing your channel through memberships. Subscribers can pay $4.99 a month to gain access to early video releases, a private chat room, special emojis, and more. Special member-only badges will be shown in discussion threads, chat windows, and the Community section.
Memberships to a channel make sense because viewers know it can be difficult to garner a creator’s attention on YouTube. And there you have it, yet another solution to the age-old question of how to monetize YouTube.
Final Thoughts
Making money on YouTube involves dedication and perseverance. Yet, a great deal of content is being successfully produced by a great many content creators. It’s easy to make money off of videos through various advertising and sponsorship models.
Hopefully, you’ll be able to use these ideas to find a solution that works for you!
