How to Make Money on Youtube
We hear left and right about people making loads of money on social media outlets. This gets us thinking about what we can do about it ourselves.
And it is quite possible to reach good heights. With the content economy stepping its way up on the market, it is by far and wide the most convenient way to earn cash online in turn for quality services.
With its 1.9 billion users and 500 hours of video uploaded every minute, Youtube is the king of all money-making platforms.
Whether you’re a content creator or an entrepreneur, you can use YouTube in various ways to improve your financial health by miles. If you have that creative bop to your personality and the energy to show off your talents, then you’re perfect for this platform. All you need to do is get yourself acquainted with the ins and outs of the business and work consistently.
How to Make Money on YouTube?
From becoming a member of the YouTube Program, selling merch, and utilizing crowdfunding, let’s get right into all the ways you can make money on YouTube.
Sign Up for the YouTube Partner Program
The YouTube Partner program opens the door to countless opportunities.
Although, you can make money without being a partner by simply linking an AdSense account with your channel. However, if you sign up for the program, you get access to many exclusive perks.
And let us tell you that almost all YouTubers use this program. So, what are the perks? Apart from money generated from video ads, you get to enjoy YouTube Premium revenue.
That happens when a YT Premium member watches one of your videos; you automatically get a portion of their subscription fee, and so do all other partner program YouTubers whose videos they watch.
You can also sell channel memberships to your fanbase so they have access to one of the exclusive videos not available to all subscribers.
For this, your channel must have 30,000 subscribers at least, and you must also be 18 or plus.
The same requirement is essential to selling merch using YT’s merchandise shelf, with the subscriber count lowered to 10,000.
Super Chat is another feature unlocked by the Partner Program and you can benefit heavily from it. Super Chat basically allows your fans’ messages in the live chat to be highlighted for some time in return for money.
We’ll get more into tapping directly into your fans’ wallets in just a while.
There’s one sticky situation though. To sign up for the program, you need to fulfill certain criteria.
That would be at least 1,000 subscribers and 4000 watch hours in the past year. Let’s say you reached this milestone and are now successfully a member. After setting up your AdSense account, get on with monetizing your channel in the settings.
To make the most out of your content, remember to follow YouTube’s policies, Community guidelines, and copyright law.
Also, make sure to create advertiser-friendly and less controversial content, so that more brands are comfortable running their ads on your channel, meaning more money for you.
Sell Your Merch
It may be that being a content creator or an entrepreneur is your thing. This would mean that you have a product you’d like to sell using YouTube’s marketing strategy. Merchandising is an optimal way to generate revenue on YouTube.
When you step into the metaverse as a seller, you need to make a connection with your audience. After all, they are your customers.
Your merch should be targeted to your audience’s liking and needs. Your product should stand out to them as an essential they must have.
You may have a whole bunch of products you want to sell. However, you should start with just one or two of these, focusing more on quality than quantity. Go all out on promoting it on your channel. Engage your viewers with convincing facts, and energetic conversation skills and help them decide what they want.
Your actual shop where viewers will do their shopping in real-time is going to be on another website.
Make sure to link that website in your video descriptions underneath. Don’t forget to express convincing calls to action in your video so that your subscribers’ next step after the video is to visit your shop via the description link.
If you’re a YouTube partner, you may also employ the shelf option to sell your channel’s merchandise.
Most important of all, be enthusiastic about promoting your product in your videos. Your personal charm will come in handy in this phase.
Don’t hesitate to wear or use your merch in the videos. You may also place them in the background the whole time you present your content. Feature the viewers who bought and are using your product.
With end screens, cards, convincing call-to-actions, and the overall mesmerizing effect of your video, your product is bound to sell like hotcakes.
- Create Content and Sponsor It
The great thing about being an influencer on YouTube is that you don’t have to give up a cut of your earnings to the platform. Unlike Instagram and TikTok, you can maximise the #sponcon strategy and keep everything for yourself.
Negotiations with the brand sponsoring you are between you and the brand. No surprise it’s a famous way for YouTubers to make money.
If you have the ability to create a large and well-engaged audience for your channel, then brands will be eager to contact you.
This of course includes the fact their product or services are relevant and popular among your viewers.
As a beginner, you must know that partnering up with good brands that provide quality services is important.
Quality ensures that customers keep returning to buy more and recommend the product to others. Make sure to do your research before finalizing the deal with your prospective sponsor.
Additionally, shaking hands with an influencer marketing company will chalk out your career as a successful influencer for years to come. These websites play the role of an intermediary between marketing teams and appropriate influencers. They help the two parties find the best match for each other. FameBit is one such platform, and you should definitely check it out.
What is sponsored content, you might be wondering? It is basically advertising a certain brand.
You need to make sure you’re in line with Google’s Ad regulations. The FTC (for Americans) and ASA (for the British) have strict policies about being transparent and truthful. You must abide by these policies.
Another reason why YouTube is the best platform for honing your hustle as an influencer is that it takes a lot of money for YouTubers to produce videos, as compared to Instagram or Facebook posts.
Thus, they can demand greater revenue from their marketing teams. Your rate will fluctuate according to your audience’s size and interest and the relevance of the brand you’ll be sponsoring. All this points to knowing your worth before signing off on a contract.
- Become an Affiliate Partner
Affiliate Partnerships are very much similar to sponsored content partnerships. YouTubers whose channels are affiliated with various businesses urge their viewers in their videos to visit the company or brand’s shopping website.
Anyone who does that using the link provided by the YouTuber, a portion of the money made by their sale goes into the video maker’s pocket.
Thus, if your subscriber count is not up to the mark to generate much from ad revenue, affiliate marketing is what you should turn to.
- Get Fans To Pay Up
This is the phase where you get to know who your true fans are and where their loyalty lies. Host live streams while enabling the Super Chat feature.
This option is only available to YouTube Partners as we discussed earlier. In a Super Chat, fans can pay through their credit card.
In return, their comments get pinned and highlighted for a specific time in the chat.
On top of that, inspire your fans to pay and become channel members. What would they get in return?
Well, they can enjoy custom badges and emojis and access to members-only chats with you. Some musicians and bands offer early access to concert tickets or guest lists for live shows.
You need to have a compelling promotion strategy in place to convince viewers to become exclusive channel members. Be polite and thank them once you’re done promoting your ideas.
Lastly, we have one more way for you to make money via your fans’ support. Encourage them to subscribe to YouTube Premium. This is because when a Premium member leaves a view on your video, you get a portion from their subscription. This transfer is automatic. And when a sizable number of members watch your content, it can add up to become an admirable amount.
- Utilize Crowdfunding
Gathering donations online is now an ordinary practice. You can set in place an ongoing income from a small monthly donation project or you may ask your viewers to support one of your personal projects related to the channel. It will come as quite a surprise as to how much people are willing to donate.
For that to happen, you must first set up a crowdfunding account on one of the sites approved by YT. Once your account is good to go, promote your cause vigorously and enthusiastically in your videos.
You can also go for making tempting offers to your fans that increase based on how much they donate.
While voicing out your goals, be genuine and lay out all the details of your project/plan so that viewers know exactly what to expect once you’ve succeeded.
Being humble and adding an emotional personal touch to your campaign will allow people to connect with your cause on a deeper level, resulting in greater donations. Expand your campaign by sharing it on other social media platforms.
- License Your Content To Other Media Outlets
We all know what happens when a video clip or a meme goes viral. You see it on every other platform continuously for a few days.
Not just on social media platforms but on news agencies as well. Bloggers also tend to write about anything that makes a buzz on the internet.
The thing you need to take care of in this case is that none of your content is free for others to use. Well-established media outlets are well informed of this fact and are always ready to pay good money for such content. They have to increase their viewership too, don’t they?
Luck might knock on your door at any time. It’s good to be prepared beforehand. Make a separate email address for business inquiries. Make sure it is visible on your home page so that if a media company wishes to contact you, they can do it swiftly.
Do pay a visit to Jukin Media’s page. They have an extensive collection of amazing newsworthy videos, all separated by category. You can contribute to their site if you have exclusive footage of an awesome street dancer, an animal performing a trick, DIY videos, or unique shots of a natural disaster.
- Collab with Fellow YouTubers
Last but not least. You can also go for collaborating with YouTubers who make videos similar to your niche. This is a popular culture among small as well as big-time content creators alike.
Join your fanbase with that of others to multiply your audience, views, and sales. Working with someone else allows you to learn new things as well as gain much more relevance on the platform. Get creative with your collab and make it fun for your viewers. Collabs whether well-received or not, tend to gain more views than simple videos from your channel. It is a great way to climb up the trending chart.
Reason Why YouTube Is Best to Make Money Online
YouTube is one of the best platforms to make money online. A YouTube influencer or YouTube content creator can earn money from YouTube premium subscribers who can watch videos without ads. There are several reasons to choose YouTube for long-term benefits. YouTube users can make use of YouTube advertising to increase YouTube earnings or YouTube revenue by creating videos for their target audience.
Here are some reasons why people are working on their YouTube channels.
- It is evident that the 9-5 job doesn’t let you think out of the box. YouTube allows you to create content and make videos about the things you’re passionate about. If you have a unique idea and want to make money online,
create a channel and be consistent with it.
- YouTube has become one of the top sources to make money online. Content creators are making millions of dollars from YouTube.
- Ensure your content is authentic and doesn’t violate the community guidelines.
- When you make videos, people around the world watch them and you can become famous in no time. With this, you may receive lucrative deals and partnerships with others and make your mark in the world. Moreover, it has helped people connect with others and make strong business connections as well.
There are hundreds of channels that are helping people with their content. Whenever you post something, someone is getting the desired information. Especially, some doctors and medical specialists are doing a great job in this regard and contributing a lot to humanity.
- YouTube inspires you to be more creative and learn anything in minutes. Aside from making you more creative, YouTube also challenges you.
- As you have so many creative and effective ideas, it becomes very challenging to choose the best approach among them. It challenges content creators to become more focused and apply various strategies to make more money and attract big audiences.
- YouTube is free. It doesn’t charge you to post and watch content. Content creators can make YouTube accounts for free and post their content. You need a camera, editing skills, and other equipment to make attractive videos.
The components of a successful YouTube channel
There are different channels, different websites, and different kinds of content available for marketers but one of the best is YouTube. it is the best digital marketing channel. If you want to have a successful YouTube channel you must organize all your thoughts about your content. Here you will learn the key elements of creating a thriving YouTube channel.
- Compelling Introduction for YouTube Account
An introduction is the first thing your viewers will see as the video starts. It must be attractive enough to engage the viewers.
Mostly people lose interest if the introduction is not compelling. This part decides the nature and success of the whole video. Because it sets expectations for the viewers. Here are some tips to have a compelling introduction. Be mindful of the length of your video introduction. It must be short and interesting.
- Be Clear and Concise About Your Content
Do not take too long to show or say what the video is about. Content is king. If your niche is not attractive and searchable, you will probably waste your time. Don’t post content on multiple topics and categories.
However, you’re free to create a different channel for other niches. Try to post something valuable and useful for the audience and don’t just add fluff content to make videos longer.
- Branded Logo
while launching a YouTube channel you should have a unique, branded logo. Which distinguishes your channel from the other competitors.
A logo represents your content. so, it must be according to your content type and simple.
- Background music
Incorporating suitable background music in your video is beneficial as it sets the mood and bonds you and your viewers. But never forget to pay attention to the music volume while presenting your content.
Several other factors make your YouTube channel more successful. These factors include your motivation, script, asking people to subscribe, equipment for the channel, documentation of your work, and narrating your videos.
FAQs – How to Make Money on YouTube?
- What is Not Allowed to Post on YouTube?
You can post content on your channel but certain types of content are not allowed to post on YouTube channels.
YouTube doesn’t allow hate speech, graphic violence, malicious attack, predatory behavior, or content promoting dangerous behavior.
- What Are the Basic Rules for YouTube Videos?
As a content creator, you have to be respectful, stick to the topic, challenge the argument, not the person, and no spam. For a successful YouTube channel, you have to follow these golden rules.
- How to Make Money If the Channel Is Not Monetized?
YouTube is one of the best search engines for video creators who can enable monetization and earn through YouTube ads.
If your channel is not monetized yet, many ways exist to make money from it. You can offer digital services, sell courses, use affiliate links, sell physical products like T-shirts, and sell consulting services if you’re an expert in your niche.
YouTube influencers and YouTube content creators are earning from YouTube premium members by offering them ads-free content.
- Why Am I Not Making Money from My Channel?
Making money on YouTube is not easy. You can make money from ads if your channel is monetized. If you’re not making money from the monetized channel, several reasons remain.
Your audience is not watching the ads you’ve placed, there are too many ads, and content that provides no value. Find a great affiliate network for an additional revenue stream if you have no monetization features.
- Does YouTube Pay Every Month?
YouTubers are paid monthly for YouTube videos through various options like video ads. Once you have 1000 subscribers and 400 watch hours, you can apply for monetization and be paid monthly.
So, that’s it with how to make money on YouTube. YouTube is one of the best platforms to make money online. It is free and suitable for everyone; even the people in remote villages are making good money from YouTube Partner Program.
However, making money online from YouTube is challenging, especially when starting a channel from scratch. YouTubers find it trusted, helpful, creative, and awesome for business connections.
Don’t forget to follow each and everything mentioned in this article to make your YouTube channel more successful and impactful.