The most simple way to make money on YouTube is through advertising. To be honest, it’s not the greatest or the only option. There are many methods to make money on YouTube.
With 1.9 billion monthly users, YouTube accounts for 50% of all internet traffic. However, 500 hours of video are also being posted to the website every minute.
You are aware that this post will not discuss how simple it is to purchase a Swiss watch using the advertising revenue from your YouTube views. (However, if your videos have received millions of views, you likely could at least rent one. Hold on, don’t.)
How to make Money On YouTube
You can make money money on YouTube by these methods–
- License your content to the media
- Create sponsored content
- Sell your own merch
- Use crowdfunding
- Become an affiliate partner
- Get your fans to pay you directly
- Join the YouTube Partner Program
1. License your content to the media
Every news organization wants to obtain a copy of a popular video so they may play it for their viewers. Fortunately, reputable media organizations are aware that they must pay for the resources they consume. And there you have it—an additional way to monetize your YouTube channel.
Making sure you are simple to find as a content provider will help you licence your best work to the media.
Step 1: Ensure that your About page’s contact information is up to date.
Never assume that lightning won’t strike. Create a general email account that you can use for business correspondence even if you don’t have a business manager.
Step 2: Register with a marketplace for video rights.
An excellent place to start is Jukin Media. Media sources frequently require current footage to complement their narrative, even if you don’t have a popular video like the Chewbacca mask lady (see below).
2. Create sponsored content
An influencer need not be an Instagram user. The benefit of using the #sponcon approach is that you are exempt from having to give YouTube a portion of your profits. The brand pays you directly after a straight negotiation. It makes sense that YouTubers to make money.
Brands are likely interested in you if you can provide them with a sizable and/or active audience, and your material is pertinent to their target market.
Step 1: Locate a company to work with.
When it comes to the brands you work with, quality is crucial. You probably already have a list of ideal brands on your wish list. Make sure to polish your brand pitch before sending it, whether you’re shooting for the moon or growing yourself from the ground up.
Also think about registering with an influencer marketing network. These are middlemen websites that assist marketing companies in locating the best influencers to collaborate with. For instance, FameBit was one of the first to concentrate on YouTubers.
Step 2: Make a deal
YouTube videos are, on average, the most expensive type of sponsored content marketers can purchase from influencers, according to a new report by influencer marketing platform Klear. In essence, YouTube influencers are capable of charging more for their videos as they would for Insta Stories or Fb posts since producing video is more costly.
As you sign a contract, be aware of your worth. Your rate will vary depending on the size, engagement, and relevancy of your audience to your prospective partner.
Step 3: Be genuine about your sponsored advertisement.
Featured content is promoted content. Therefore, you must ensure that your actions are compliant with Google’s Ad rules. If you’re an American or a British citizen, you should be aware of the rules set forth by the FTC (U.S.) and ASA (U.K.).
Both your legal standing and your relationship with your audience benefit from transparency. As help you make sure your viewers is aware that you are advertising to them, YouTube includes a visual disclosure function.
3. Sell your own merch
Perhaps you consider yourself to be a content producer first and an entrepreneur second. Just keep in mind that Drake sells t-shirts.
Alternately, you might be a businessperson first and a creator of videos second, in which case you undoubtedly already have a product and are planning your YouTube marketing strategy to advertise it.
In either case, selling items is a practical method to earn money on YouTube.
Step 1: Create your product in your mind.
The merchandise you choose for your channel should both reflect and strengthen the relationship you have with your audience. Thus, your merchandise must be distinctive.
Pro tip: You may have more merchandise ideas than you are able to stock. Therefore, begin by dipping one or two things into the water. However, be sure to involve your audience in the choice-making. Ask them what they would want. Or generate hype by releasing special products in connection with significant subscriber milestones.
Step 2: Develop or source your product
To create and deliver your product, you’ll typically require a manufacturer, supplier, or wholesaler. Some vendors will send it to you, while others will handle inventory management, shipping, and returns for you to save you the hassle.
Step 3. Create your store and landing page
A different webpage is required to manage purchases. If you wish to directly link to it from your videos (and you do)
Step 4: Make your YouTube Partner store operational
The shelf function can be used by YouTube Partners to sell products associated with their channels.
Step 5: Use your videos to market your goods
Here’s where your charisma can help. Use your merchandise or wear it in your videos. viewers who have purchased and are utilizing it. (On a different platform, we may refer to this as “user-generated content” or even “solid gold”).
Don’t forget to include end screens and cards with strong calls to action, as well as the link to your business in the video descriptions.
Reminder: Don’t forget to express gratitude. since it is courteous. Additionally, it gives you an opportunity to reiterate how excellent and well-liked your product is.
4. Use crowdfunding
Online donation requests are increasingly routine. Crowdfunding is how many YouTubers make money, whether they want to finance a personal, channel-related project or want to develop continuing income from a pool of tiny monthly donations.
Step 1: Set up a crowdfunding account
You can choose from a list of authorized crowdsourcing websites on YouTube.
The best option for recurrent funding is Patreon. To buy a new microphone, laptop, or… spleen, one-time campaigns on websites like GoFundMe or Kickstarter are recommended.
Even well-known artists have used Patreon to raise money for their projects, whether they were music videos or feature-length movies, such as Walk Off the Earth and Veronica Mars (well, she’s a fictional character).
Step 2: In your videos, promote your campaign.
Give specifics about your objectives so that others will understand exactly what to expect from you when you succeed.
Additionally, provide alluring benefits that build as your supporters select their level of donation.
Step 3: Look outside of YouTube
A multi-platform campaign is one that is successful. On how to advertise your YouTube channel (and thus, your crowdfunding campaign) elsewhere, we have some tips.
5. Become an affiliate partner
Look for businesses that invest in affiliate marketing if your YouTube audience is devoted and active but not quite there in terms of size.
YouTubers who are associated with brands encourage their subscribers to visit the brand’s website or particular product pages. Then, as you might have predicted, they receive a cut of any sales generated by their affiliate connections.
Follow the instructions from suggestion #3 to get started since affiliate partnerships are structured maintained logistically identical to sponsored content agreements.
6. Get your fans to pay you directly
The various income streams included in this YouTube money-making technique all share one thing in common: you must make it simple for your followers to express their gratitude by paying with a credit card.
Step 1: Hosting live chats where users can use Super Chat
Super Chat took the place of YouTube’s prior Fan Funding feature in the beginning of 2017. Only YouTube Partners can use this function while they are live streaming.
In essence, depending on how much they pay, your users can pay to have their comments highlighted as well as pinned for a specific amount of time in the live chat stream.
Step 2: To persuade your followers to subscribe to your channel
You can charge your subscribers to subscribe to your channel on YouTube. They receive personalized emoticons, badges, and access to members-only specials like live chats with you in return.
You’ll need to develop a marketing plan to persuade individuals to join, which may or may not entail offering different levels of membership. This function is only accessible to YouTube Partners, just like Super Chat.
Step 3: Encourage your followers to sign up for YouTube Premium
The reason this step is final on our list for this technique is because it only directly benefits your channel. Having said that, you receive a portion of YouTube Premium subscribers’ membership fees when they watch your channel.
7. Join the YouTube Partner Program
Regular YouTube users can access exclusive features on the website through the YouTube Partner Program.
Being a Partner makes things much easier, but you don’t require to be one to make money on YouTube (simply setting up an AdSense account and gaining views is enough to manage that).
YouTube Partners have access to several revenue streams, including not simply video ads but also YouTube Premium subscription costs and services like Super Chat, channel memberships, and the product shelf that directly click into the wallets of your devoted followers.
Step 1: Start a YouTube channel
Step 2: Make your channel successful enough that it meets the YouTube Partner Program requirements
Step 3: Set up an AdSense account
Step 4: Explore your new monetization features
Step 5: Submit to ongoing reviews
How much money do you get from youtube?
YouTubers often earn between $3 and $5 for every 1,000 video views thanks to AdSense. This can add up to a nice payment if a lot of people are seeing your channel. Large publishers frequently receive over $200,000 in monthly payouts from AdSense alone.
However, keep in mind that YouTube fame depends on numerous things, some (or most) of which are outside of your control – the YouTube algorithm can alter, as can your audience’s tastes and demands. This is true even if your channel is trending as well as AdSense income is filling up your bank account.
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What types of earnings are possible on YouTube?
Thanks to AdSense, YouTubers frequently make between $3 and $5 for every 1,000 video views. If a lot of people are seeing your channel, this could result in a significant reward. Large publishers frequently obtain monthly rewards from AdSense alone of over $200,000.
But remember that a lot of factors that affect your ability to become famous on YouTube are outside your control, including the YouTube algorithm and the preferences and needs of your audience. This is true regardless of how popular your channel is or how much money making from AdSense.
How to enable monetization on YouTube
Step to enable monetization on Youtube-
- Authenticate on the YouTube channel you want to monetize.
- In the top right corner, select the account symbol.
- On YouTube Studio, click
- Select Other Features > Monetization from the left menu.
- The YouTuber Partner Program terms have been read and accepted.
- Open a fresh AdSense account or link your channel to an existing one (You need an AdSense account to get paid)
- Set your preferences for monetization.
Return to the dashboard and select the Analytics option on the left after that is finished. Then, to obtain an estimate of your anticipated revenue, select Revenue from the tabs at the top and scroll down to the Monthly Estimated Revenue chart.
How many views are necessary for YouTube monetization?
The quantity of views you receive does not directly translate into money made. You won’t get paid if your video receives millions of views but no one sees it or clicks the advertisement. This is due to YouTube’s requirements for charging advertisers: in order to be paid, an advertisement must be clicked or completely watched (10, 15 or 30 seconds).
But now that YouTube Premium is available, you can make money without depending on advertisers to produce interesting or alluring advertising.
How to Create and link an AdSense account
One of the most important steps to being paid on YouTube is setting up an AdSense account and connecting it to your channel. You can alter your associated AdSense account if necessary if you’re already a member of the YouTube Partner Program. Additionally, you can monetize many YouTube channels with a single AdSense account.
Steps to create a new AdSense account and link it to your channel:
- Open YouTube Studio and log in.
- Choose the Monetization tab from the menu on the left.
- On the Google AdSense sign-up card, tap START.
- Enter your YouTube account password when prompted, then confirm your identity again if necessary.
- Make a decision regarding the Google account you want to utilize for AdSense. (Please take note: if you already use AdSense for purposes unrelated to YouTube, sign in using the Google account associated with that account.)
- Now that you’re in AdSense. Once you get here, make sure the email address at the top of the page is accurate. Click Use a different account to swap accounts if the current one is incorrect.
- proceed with creating your account. Give your contact information and submit an application for an AdSense account.