How to make money on YouTube might be on your mind if you’ve been seeking for new ways to make money. The majority of the ways to start making money on the site focus around producing great video content, but there are other options as well.
You’re at the correct spot if you’re interested in making money on YouTube, regardless of what stage of the video creation process you’re in.
You must create a YouTube channel and account before you can start earning money on the platform. The website where you will upload your videos is called your channel. Choose a distinctive name for your channel and add a profile photo. Once you’ve completed that, you have everything you need to start earning money on YouTube.
Almost one billion unique individuals visit YouTube each month, which is a sizable user base. There are many people already making money there: YouTube alone has one million creators participating in its YouTube Partner Program.
You should expect to receive $2–4 back for every 1,000 views, on average. Although 100 movies with 5,000 views each would cost between $1,000 and $2,000, this may not seem like much. That is an honorable amount of money.
Here are a few of the well-known YouTube revenue sources that are now available.
10 Simple Ways to Make Money on YouTube
1.) Become involved with the YouTube Partner Program
If you’ve been trying to figure out how to generate money from YouTube, it’s imperative that you comprehend the YouTube partner program and how it works. YouTube content producers must first be admitted into the YouTube partner program before they may monetise any of their videos.
After it has 1,000 subscribers and 4,000 total views from the general public, your YouTube channel will be considered for the Partner program. This suggests that you won’t be able to earn money until you’ve hit these numbers, so it’s important to keep creating content and growing your channel’s viewership.
After you meet the requirements for the program, you can submit an application for monetization.
Channel subscriptions, Super Chat, YouTube Premium subscription costs, and the products shelf, which directly taps the wallets of your ardent fans, are just a few of the revenue sources available to YouTube Partners.
2.) Get a YouTube Premium feature
With the help of YouTube Premium, users may watch videos without being interrupted by advertisements. Producers won’t need to do anything because a second revenue stream will be generated automatically when their videos are seen by YouTube Premium subscribers.
Similar to YouTube’s guidelines for monetizing advertising-based income, the majority of money made via Premium membership fees will go to creators (total revenue distribution is based on how much Premium members watch your content).
Moreover, premium subscribers will have the option to download their videos, view them offline, and have them play in the background, increasing their watch time.
3.) Promoting channel memberships
When your YouTube channel has more than 30,000 subscribers, you can use channel memberships to generate additional revenue. Here, fans may purchase a membership plan for $4.99 per month that offers benefits including early access to videos, members-only live chat, special emojis, and more. Members will be highlighted by unique, members-only badges in comments, live chat, and the Community tab.
Channel memberships make sense since viewers are aware of how difficult it may be to get a YouTube creator’s attention. And there you have it—another strategy for monetizing your YouTube channel.
Utilize your videos to encourage visitors to join as exclusive members by pointing them to the “Join” button on your page.
For viewers to purchase and gain access to your YouTube channel’s exclusive material, you can offer channel memberships. Videos, live broadcasts, conversations, and community posts that are solely accessible to members are a few examples of this type of content. Members can use their own customized emoticons and badges in comments and live streams.
4.) Include Affiliate Items Endorsements in Your Videos
Companies are constantly seeking for methods to build their own businesses by utilizing the potential that YouTube channels with a huge following have.
Companies will undoubtedly start contacting you once you’ve amassed a big following on the website and urge you to sell their products in exchange for payment.
Consider becoming an associate for these businesses and incorporating product placement into your videos. You can also sign up for well-known affiliate programs to expand the scope of your affiliate network.
Although it might be a great way to earn some extra cash, proceed with caution because viewers can tell when anything is being sold.
An expert advice to help you comply with YouTube’s regulations is to only promote goods you believe your audience will find useful and to let your viewers know about any partnerships.
5.) Use Super Chat to monetize live streams
Super Chat is a well-liked new method for monetizing YouTube. With this tool, viewers can purchase chat remarks that stand out and, in some cases, put them to the top of a live stream’s comments. Hence, you can use Super Chat to monetize your stream when you go live on YouTube.
Super Chat receives a 30% part of the earnings from YouTube monetization rates, which range from $1 to $500. The secret to organizing and marketing live streams is for everyone asking how to earn money from YouTube Super Chat.
In addition to other places where your audience enjoys spending time online, promote them in videos and on other social media sites.
6.) Motivate People to Buy Your Goods
Promoting your items on your channel is a terrific idea, regardless of whether you already have an ecommerce business or are just trying to figure out how to make money on YouTube. It’s a terrific approach to drive more traffic to your website to advertise the products in both your videos and your descriptions.
If you haven’t already done so, Shopify makes it simple to start up your own store. After your store is operational, you can sell whatever you think would appeal to your audience, whether it be goods, items you’ve mentioned in videos, or just things you think they’ll find interesting.
7.) Get YouTube Influencer Status
There is a significant chance for you as a creative to participate in the growing influencer marketing industry.
So where do you even begin? A YouTube marketing guru and influencer advises artists to set a flat rate by increasing the usual number of views on their videos by 15 cents per view.
Partnering with companies whose goods your audience would value will help you make more.
While some influencer marketing networks will put you in touch with major businesses eager to pay top dollar, others may procure free goods for you.
8.) A great option to provide your members with more value and open up a new revenue stream for you is to sell them an online course. You must make sure that you are providing greater value than what you offer for free on your channel in order to make taking your online course an intriguing proposition for your viewers.
The development of an online course should feel like a logical progression from your YouTube niche. Make sure your course caters to the interests of your YouTube target audience and actually adds value for them. You don’t want your audience to believe that they are being taken advantage of or that you are selling them something that won’t genuinely benefit them.
With the launch of Kickstarter and Indiegogo, crowdfunding is becoming more and more widespread. If you have a great idea for a YouTube media project, it could be a great way to make money. Not only does it provide your first funding, but it also helps your product build an audience and produce income in the future.
Several YouTubers finance their channel and activities via crowdsourcing platforms like Patreon. Your most ardent supporters have the opportunity to access rewards you select through a monthly membership on Patreon.
For fans to select the level they are comfortable with, you can offer several membership levels at various pricing points with various benefits.
10.) Get sponsors
Today, several businesses fund YouTube channels in exchange for direct advertising. One regular source is Audible from Amazon, which routinely sponsors educational programs like Vsauce and Veritasium. The advantage of it is that you can get the sponsored money straight from the company rather than splitting it with YouTube.
You may need to put on a detailed proposal outlining what you can offer in order to obtain sponsorship. Make sure you are knowledgeable about both the brand you are contacting and your target demographic.
Always provide high-quality content to draw in viewers. Moreover, inventiveness is a requirement for having high-quality material.
A trend on the internet can come and disappear in a matter of a week due to its rapid change. You might not notice new opportunities for you to make extra money.
Thus, use your resources in inventive ways. Constantly look for innovative ways to produce, as you might get unexpected results.