Earn Money On YouTube If you’re wondering how to make money on YouTube, take a look at these seven ways to monetize your channel and creative work.
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How to Make Money on YouTube: 7 Strategies That Work
OK, the most obvious way to make money on YouTube is through advertising. However, it is not the only—or, to be honest, the best—option.
(Spoiler alert: there are a lot of methods to make money on YouTube.). Earn money on youtube
YouTube accounts for half of the internet, with 1.9 billion monthly users. Nonetheless, every minute, 500 hours of video are posted to the site.
So you already know that this article isn’t going to be about how easy it is to buy a Swiss watch using ad income generated by your YouTube views. (Though you could certainly rent one if you have millions of video views.) Could you not do it.)?
Continue reading for seven ways to monetize your YouTube channel, replete with step-by-step instructions.
What is the best way to generate money on YouTube? Earn money on youtube
1. Become a member of the YouTube Partner Program. Earn money on youtube
Regular YouTubers can gain access to unique YouTube features through the YouTube Partner Program.
To make money on YouTube, you don’t need to be a partner (simply setting up an AdSense account and receiving views will be enough), but becoming a Partner makes things a lot easier. Earn money on youtube.
YouTube Partners have access to various revenue streams, including video adverts, YouTube Premium subscription fees, and services like Super Chat, channel memberships, and the goods shelf that directly tap into your dedicated fans’ wallets (more on these later.)
Begin by creating a YouTube channel.
Don’t worry; we’ve got you covered with a simple guide. ‘How to Create a YouTube Channel’ is the title of the article.
Step 2: Make your YouTube channel successful enough to qualify for the YouTube Partner Program.
A minimum of 1,000 members and 4,000 watch hours in the past 12 months are required to join the program.
Here are some suggestions for increasing the number of views on YouTube.
Step 3: Create a Google AdSense account. Earn money on youtube
This is straightforward. Follow YouTube’s official AdSense account guide. Earn money on youtube.
Step 4: Experiment with your new monetization options.
Each monetization channel has its own set of eligibility criteria. Consider the following example:
To earn ad money, you must be at least 18 years old and develop content that is appealing to advertisers. Simply put, the less contentious your videos are, the more comfortable YouTube advertisers will be running adverts on them, and the more money you’ll make.
If a YouTube Premium subscriber watches your video, you will receive a percentage of their monthly money. (It’s good that this one is automatic.)
You must be at least 18 years old and have over 30,000 subscribers to offer channel memberships to your subscribers (i.e., your followers opt to pay you an additional fee). Earn money on youtube.
Merchandise shelf: You must be at least 18 years old and have 10,000 followers to sell items through YouTube’s merchandise shelf.
Super Chat payments: You must be at least 18 years old to allow your followers to pay to have their messages highlighted in your live chats during your live streams (and live in a country where the feature is offered).
Step 5: Participate in continuous reviews.
According to YouTube, as a YouTube Partner, your channel will be held to a higher standard. Not only must you adhere to the YouTube Partner Program’s standards, but also the Community Guidelines. Not to mention staying within the bounds of copyright legislation.
2. Make and sell your merchandise
Perhaps you consider yourself a content producer first and an entrepreneur second. (Keep in mind that even Drake has a t-shirt line.)
Alternatively, if you’re a business owner first and a video producer second, you undoubtedly already have a product and are planning your YouTube marketing strategy to promote it. Earn money on youtube.
In any case, selling items on YouTube is a practical method to make money.
Step 1: Create your product by imagining and designing it.
Your channel’s merchandise should both represent and nourish your audience’s relationship with you. That means your merchandise should be one-of-a-kind.
To capitalize on the success of his viral comedy, Ninja Melk, Hawaiian YouTube personality Ryan Higa created his milk-based energy drink Ninja Melk. Ninja Melk’s appeal is extensive enough to have his website sells t-shirts and other merchandise.
Pro tip: You could have more merchandise ideas than you can stock. So start with one or two items to dip your toes in the water. First, however, make sure that your audience is involved in the decision-making process. Earn money on youtube. Take a poll to find out what they desire. Alternatively, create hype by releasing one-time products in conjunction with significant subscriber-count milestones.
Step 2: Find and create your product.
You’ll almost always require a manufacturer, supplier, or wholesaler to build and transport your product. Some vendors will send it to you, while others will handle inventory, shipping, and returns for you, saving you time and money.
If you’re not sure where to begin, Earn money on youtube, Shopify has a how-to on locating a brick-and-mortar firm to help you realize your goal.
Step 3: Make a store and a landing page.
To process purchases, you’ll need a second website. Refer to YouTube’s list of permitted merchandise sites if you wish to connect to it directly from your videos (which you should).
Step 4: Make your YouTube Partner merchandise shelf operational.
YouTube Partners can now use the shelf feature to sell products associated with their channel. Earn money on youtube. Follow YouTube’s instructions to enable it if you’re eligible.
Step 5: Use your videos to promote your goods.
This is where your charm enters the picture. Wear or use your stuff in your videos—showcase viewers who have purchased and are utilizing the product. (We may term this ‘user-generated material,’ or even solid gold,’ if we were on another platform.). Earn money on youtube.
Also, don’t forget to include end screens and cards with engaging calls to action, as well as a link to your store in your video descriptions.
Don’t forget to express gratitude because it’s a courteous thing to do. But it’s also an excuse to remind folks about how fantastic and popular your product is yet again. Earn money on youtube.
3. Create material that is sponsored
To be an influencer, you don’t have to be on Instagram. You don’t have to give YouTube a percentage of your earnings using the #sponcon approach. Instead, you deal with the brand directly, and they pay you now. So it’s no surprise that YouTubers use it to make money.
Brands are likely to be interested in hearing from you if you have a large and engaged following and your material is relevant to their target market. Earn money on youtube.
For example, in the men’s lifestyle area, YouTuber Aaron Marino, a.k.a. Alpha M, is an important name. How big is it? His brand partnerships are so large that even his videos explaining them have brand partners.
Step 1: Look for a brand to collaborate with.
When it comes to the brands you work with, quality is crucial. Most likely, you already have a wish list of desirable brands. Make sure you refine your brand pitch before sending it, whether you’re shooting for the stars or building yourself up from the ground up.
Consider using an influencer marketing platform as well. These are websites that assist marketing teams in locating good influencers to collaborate with. For example, FameBit was one of the first to focus on YouTubers.
Step 2: Agree.
YouTube videos are, on average, the most expensive type of sponsored content marketers can buy from influencers, according to a new report by influencer marketing platform Klear. Earn money on youtube. Because video is more expensive to produce, YouTube influencers can charge more for their videos than for Instagram Stories or Facebook posts.
While your rate will vary depending on your audience’s size, engagement, and relevancy to your potential partner, you should know your worth before signing a deal.
Step 3: Make your #sponsored #ad as transparent as possible.
Advertisement is what sponsored content is. That means you’ll need to make sure you’re following Google’s advertising regulations. In addition, if you’re American or British, you should be aware of the FTC (United States) and the ASA (United Kingdom) standards.
Transparency is beneficial not only to your legal health but also to your audience’s relationship with you. For example, you can use YouTube’s visual disclosure function to ensure your audience knows you’re advertising to them.
4. Join the affiliate program as a partner.
Look for organizations that invest in affiliate marketing if your YouTube following is loyal and engaged but not quite there in terms of numbers.
Businesses’ YouTubers encourage their viewers to visit the brand’s online store or specific product pages. Earn money on youtube. They get paid a portion of sales made through their affiliate links, as you might have predicted.
Affiliate partnerships are similar to sponsored content deals in terms of setup and logistics, so start by following the procedures from tip #3.
5. Make it possible for your fans to pay you directly.
This YouTube money-making plan comprises a few distinct revenue streams, but they all have one thing in common: you must make it simple for your followers to express their gratitude by using their credit cards.
Step 1: Host live chats where you can use super Chat.
Super Chat replaced YouTube’s prior Fan Funding option in early 2017. This is a feature that only YouTube Partners can use when live streaming.
In the live chat stream, your viewers can make their comments more apparent by highlighting and pinning them for a defined amount of time, depending on how much they spend. Earn money on youtube.
Step 2: Encourage your fans to subscribe to your channel.
YouTube allows you to charge your visitors to become members of your channel. They get personalized emoji, badges, and access to members-only benefits like Live Chats with you in exchange. Earn money on youtube.
Wintergatan, for example, is a Swedish band that constructs complicated marble machines and uploads films about them on YouTube. They acknowledge their channel members in their videos regularly. They also state clearly what the money raised from membership dues is used for:
You’ll need to devise a promotion campaign to persuade individuals to join, which may or may not include many membership tiers. This function, like Super Chat, is exclusively available to YouTube Partners. Earn money on youtube.
Step 3: Encourage your fans to upgrade to YouTube Premium.
This is the last phase in our plan because it only improves your channel indirectly. You do, however, receive a portion of the membership money from YouTube Premium users who watch your channel. (They do the same thing with every other track they care about.)
6. Make use of crowdsourcing
Soliciting donations via the internet has become widespread. Many YouTubers gain money through crowdfunding, whether it’s to build a steady stream of income from a pool of tiny monthly donations or to fund a personal, channel-related project. Earn money on youtube.
Step 1: Create a Kickstarter account.
You can choose from a list of permitted crowdfunding sites on YouTube. Earn money on youtube.
Patreon is an excellent option for recurrent funding. Earn money on youtube. Meanwhile, one-time campaigns for a new microphone, laptop, or… spleen work best on platforms like GoFundMe or Kickstarter.
Even well-known artists like Walk Off The Earth and Veronica Mars (OK, she’s a fictional character) have used Patreon to support their projects, whether music videos or full films.
Step 2: Use your videos to promote your campaign.
Specify your objectives so that others know exactly what to expect once you’ve achieved them.
Also, give attractive incentives that accumulate as your supporters pick how much to donate.
Check out our comprehensive guide on crowdfunding tactics for more information and ideas.
Step 3: Extend your search outside YouTube.
A multi-platform campaign is essential for success. We can help you market your YouTube channel (and, by extension, your crowdfunding campaign) in other places.
7. Make your content available to the media.
When a video becomes viral, every news organization wants a copy to show it to its audience. But, on the other hand, established media companies are well aware that they must pay for what they utilize. And there you have it: another way to earn money on YouTube.
Making sure you’re easy to find as a content creator can help you license your most successful work to the media.
What is the maximum amount of money you can make on YouTube?
Unfortunately, the answer to this age-old question is a vexing one: it depends.
As a 9-year-old YouTuber and multi-millionaire Ryan Kaji’s story demonstrates, the sky is the limit. However, climbing into the seven-digit range takes a lot of time, hard effort, and luck. Earn money on youtube.
AdSense is a big part of YouTube’s revenue. YouTubers are compensated for each ad view on their channel. However, rates differ by geography, demographics, and even industry (software ads may have a higher CPM than, for example, clothing ads).
AdSense earns YouTubers between $3 and $5 per 1,000 video views on average. If your channel reaches a large number of people, this can add up to a sizable sum. It’s not uncommon for large producers to make over $200,000 per month just from AdSense.
Even if your channel is trending and AdSense revenue is pouring in, keep in mind that YouTube fame is based on a variety of factors, many of which are out of your control — the YouTube algorithm and your audience’s interests and requirements — Earn money on youtube.
Follow these seven guidelines and branch out to ensure that the money you generate on YouTube grows into a healthy and steady income. Even if your AdSense earnings decline for any reason, merch, branding deals, and crowdfunding can help you make money.
Hootsuite allows you to post, schedule, and promote your YouTube marketing videos across different social media networks from a single dashboard. Today is your chance to try it for free.
Step 2: Become a member of a video rights marketplace.
Jukin Media is an excellent place to begin. Even if you don’t have a popular video like the Chewbacca mask lady (see below), news organizations frequently require current footage to supplement their coverage. So if you have an entire film of a massive natural disaster, plane crash, or locust plague, for example, Earn money on youtube. Jukin has a complete archive of ‘newsworthy’ recordings to which you can add.
Step 1: Update your contact information on your About page.
It’s impossible to predict when lightning will hit. Set up a generic email address that you can use for business queries even if you don’t have a company manager.
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