With over 1.8 billion people using YouTube, it can be an incredible way to make extra money and build a side hustle. But how do you really make money on the platform?
For many people, YouTube has become a great way to create additional income. There are countless creators who have earned thousands of dollars each month through sponsorship deals, advertisements, and other forms of monetization. Many have even been able to quit their day job and focus solely on creating content for their channel – something that was virtually impossible just a few years ago.
Making money from YouTube isn’t as hard as it may seem at first. The opportunity is out there and many are already taking advantage of it. This article provides an inside look at exactly what you need to know about making money on YouTube, from growing your audience to finding the right monetization methods for your content.
Key Make Money on Youtube Takeaways:
- YouTube provides an opportunity to create extra income, with some creators turning it into their full-time job.
- Joining the YouTube Partner Program enables users to start monetizing their videos with ads.
- While ads may provide a stream of revenue, it’s also possible to make money through sponsorship deals, selling products, and creating merchandise related to one’s content.
How to make money on YouTube
Making money on YouTube is a great way to monetize your content and turn your passion into a profitable business. The first step is to join the YouTube Partner Program, which will enable you to start monetizing your videos. You must agree to YouTube’s monetization policies and eligibility requirements in order to be accepted into the program. Once you are approved, you can create a Google AdSense account or connect an existing one to your channel in order to get paid for ads that appear on your videos or channel.
Building up a successful YouTube platform
Building up a successful YouTube platform requires frequent posting, promotion of videos, and paying attention to engagement and demographics. Additionally, there are other ways of making money from a YouTube channel such as getting sponsored and endorsed, selling products, or creating merchandise related to your content. It’s important to note that generating revenue from ads alone won’t make you rich – creativity is necessary in order to maximize earnings. With some dedication and hard work, however, it is possible for anyone with a YouTube channel to make money.
What is YouTube Premium?
YouTube Premium is a paid membership program that allows fans to watch and support their favorite content creators without ads. It provides an additional revenue stream for creators, with YouTube paying them based on how much members watch their content. Setting up YouTube Premium is easy, but it may not be the most lucrative revenue stream available for creators.
To start earning money from YouTube Premium, creators must have ads enabled for their videos and can track their earnings in YouTube Studio. Videos should have a run time of over 10 minutes to maximize ad revenue and should be between 10-15 minutes long to keep engagement rates high. Editing videos can be done online with a free account on InVideo, allowing creators to create high-quality content quickly and easily. With these tips in mind, YouTube Premium could be a great way for content creators to make some extra money while providing viewers with an ad-free experience.
1. Why you should look beyond ads for revenue
YouTube has been a great platform for content creators to make money from their videos. However, YouTube’s automated process for demonetization can be a major setback for some creators. Content may be excluded from ad revenue if it includes sexually suggestive content, violence, inappropriate language, and the promotion of drugs and regulated substances. This means that even if the video is popular and has many views, the creator won’t get any money from it. Furthermore, YouTube’s parent company Google keeps around 45% of ad revenue which further reduces the amount of money earned by the content creator.
Fortunately, there are other ways to earn money from YouTube without AdSense. Creators can contest when their content is flagged and excluded from YouTube’s advertising network. Additionally, YouTube offers a way to monetize videos by running ads that can be connected to a Google AdSense account. To qualify for this program YouTubers must have 4,000 watch hours in the past 12 months and 1,000 subscribers. Viewers can also support their favorite content creators by subscribing to YouTube Premium, which allows them to watch videos without ads and provides the creator with additional revenue. Additionally, creators can sell products or merchandise related to their content, get sponsored and endorsed, or create exclusive content for subscribers. With some creativity and dedication, it is possible for anyone with a YouTube channel to make money.
2. Sell products or merchandise
Selling products or merchandise is a great way to increase exposure for your YouTube channel and deepen the relationship between you and your fans. You can order affordable designs tailored for specific products, such as t-shirts, using freelance sites like Fiverr. Integrating your store with services such as DSers or print-on-demand providers can take care of shipping, fulfillment, and customer support. You can also partner with an existing merchandising network or create your own e-commerce site to sell products.
Manufacturing and selling unique products is another great way to power your business through your YouTube channel. Leverage the content engine of your YouTube channel and the trust of your audience to drive traffic to your store. Offer relevant merchandise or services to your audience and provide links in your videos. Make sure you set up a secure payment system before advertising goods since selling your own products can be more profitable since you keep the majority of the proceeds.
3. Crowdfund your next creative project
Crowdfunding is an increasingly popular way to make creative projects happen when money is the only obstacle. It allows people to raise funds from a large number of individuals, often in small amounts. Popular crowdfunding sites such as Kickstarter and Indiegogo offer flexible funding options that can be used for a variety of projects.
YouTubers are particularly well-suited to crowdfunding, as it allows them to generate ongoing revenue from small monthly donations or fund personal projects related to their channel. To be successful, it’s important to create a compelling video or trailer that will get people excited about your project and encourage them to contribute. With the right approach, crowdfunding can be an effective way to make your creative dreams come true.
4. Let your audience support you through “fan funding”
Fan funding is an increasingly popular way for content creators to monetize their work without having to charge admission. It involves asking your audience to support you financially, either through one-off donations or recurring memberships. Popular fan funding options include Super Chat, Channel Memberships, and Patreon. Patreon is the most widely used platform for this purpose, allowing creators to get paid by their fans in exchange for exclusive content and other rewards.
Tipeee is another platform that allows users to accept one-off and recurring donations from their supporters. Buy Me A Coffee is an alternative to Patreon with lower fees and instant payouts. Fan funding can be a great way to monetize your YouTube channel by offering monthly memberships to subscribers who are willing to pay for exclusive content or access to special events. To make the most of fan funding, it’s important to create transparency around how the money will be spent and offer enticing rewards for better pledges.
5. License your content to the media
Licensing content to the media can be a great way to make money on YouTube. If your content goes viral, you can license it to media outlets for money. Established media companies are aware that they need to pay for what they use, so if you make sure your content is easy to find, you could potentially get some extra income from licensing it.
One example of this is when the video of a woman wearing a Chewbacca mask went viral and many media outlets wanted the right to use it. The creator was able to license her content and make money from it. To make it easier for media outlets to find and purchase your content, you can list your videos in marketplaces such as Trusted Media Brands. This will help ensure that you get paid for your work if it goes viral and gets picked up by the media.
6. Work with brands as an influencer
Brands are increasingly investing in influencer marketing and sponsorships, creating a great opportunity for creators to monetize their content. Potential prices for influencer marketing on YouTube range from $200 to $20,000 per video depending on your leverage. There are many influencer marketplaces where you can get discovered by brands, such as Crowdtap and Upfluence. Listing yourself in multiple marketplaces can help maximize visibility and take advantage of the opportunities that best suit your needs.
Affiliate marketing is another popular way to make money online and on YouTube by promoting someone else’s products and earning a commission on every sale. Consumers are more likely to trust third-party reviews before making a purchase decision, so establishing yourself as an authority in your niche can help you persuade your audience to buy the products you recommend. Content creation and influencer marketing are two of the most profitable types of affiliate marketing, so it’s important to understand how they work and how you can use them to make money on YouTube.
7. Become an affiliate marketer
Affiliate marketing is a great way to make money online and on YouTube. It involves promoting products or services from other brands and earning a commission on every sale you refer. Popular affiliate programs include ClickBank and Amazon’s Affiliate network, but you can also reach out to brands in your niche that are running their own affiliate programs. Consumers are increasingly relying on third-party reviews before making purchase decisions, so it’s important, to be honest, and transparent when promoting products as an affiliate marketer.
There are two main types of affiliate marketing that can be profitable: product promotion and content promotion. Product promotion involves creating content that promotes specific products or services, while content promotion focuses more on providing helpful information about the product or service without directly promoting it. Both methods require research into the target audience and an understanding of the brand’s goals in order to create effective campaigns. With the right strategies, affiliate marketing can be a great way to earn passive income online.
Tips for selling on YouTube
Selling on YouTube can be a great way to promote products or campaigns without sacrificing the quality of content. However, it is important to be aware of the risk of “selling out” and alienating viewers who may not appreciate being sold to. To avoid this, you should choose from a variety of “placements” for product promotion that are more subtle and less intrusive.
YouTubers can also generate money by selling their own products to viewers. Shopify provides an online store for you to sell your goods, so you can direct traffic to your e-commerce spot on Shopify and make extra cash by mentioning or linking your products in your videos. This is a great way to monetize your channel while still providing valuable content that viewers will enjoy watching.
Understand your audience on YouTube
Understanding your audience on YouTube is essential for monetizing content. Knowing the makeup of your viewers in terms of gender, age range, geographic location, and engagement levels can help you determine how to best approach marketing and advertising strategies. YouTube analytics and tools such as Social Blade can provide valuable demographic insight into who is watching your videos.
Once you have a better understanding of your audience, you can begin to establish a flat fee for your videos by multiplying the number of views by 15 cents per view. For those with larger followings, YouTube influencers can expect to earn up to $20,000 per video with 1 million subscribers. Additionally, partnering with brands through influencer marketplaces such as Channel Pages and Grapevine Logic can be a great way to increase revenue potential.
Record a call to action in your videos
Creating a call to action in your videos is an important part of building an audience on YouTube. A call to action encourages viewers to take a specific action, such as subscribing to your channel or visiting your website. It can also be used to direct viewers towards revenue-generating opportunities, such as buying products or services from you. To record videos for YouTube, content creators can use smartphones and DSLR cameras to capture HD-quality footage.
Editing programs such as Windows Movie Maker, iMovie, Adobe Premiere, and YouTube’s free editor can then be used to edit the footage; however, copyrighted music should not be used. With the right tools and techniques, content creators can create engaging videos that will draw viewers in and encourage them to take the desired action.
Add well-timed YouTube cards to your videos
YouTube Cards are a great way to promote products or brands in videos. They can be set to appear at the most relevant and least distracting moment, making them an effective tool for increasing the impact of videos. By adding well-timed YouTube Cards to videos, viewers can be directed to revenue-generating parts of an online presence. For example, Unbox Therapy is a popular YouTube channel that uses affiliate links in its video descriptions to make money. Shopify stores can also incentivize customers with “buy X get Y” promotions or discounts by adding links to their video descriptions.
Overall, YouTube Cards are a powerful tool for driving engagement and sales. They allow creators to add relevant content at the right time, while also providing viewers with direct access to products or services they may be interested in. Additionally, YouTube Cards provide an easy way for businesses and creators alike to monetize their content without having to rely on ads or sponsorships alone. With the right strategy and timing,
Add links in your video descriptions
Adding links to video descriptions is an effective way to funnel viewers to revenue-focused parts of an online presence. Unbox Therapy is a great example of a channel that uses affiliate links in its video descriptions to make money. Shopify stores can also use “buy X get Y” promotions or discounts to incentivize new customers. To build an audience on YouTube, content creators must consistently develop videos that followers enjoy.
Smartphones are convenient and effective for recording videos, but a DSLR camera and external microphone can produce a more professional video. When editing the video, be sure to not use copyrighted music as it will disqualify the video from YouTube advertising. This means that content creators need to be aware of copyright laws when creating their videos and should always check for any potential copyright issues before uploading them.
Additionally, adding relevant links in the description can help viewers find related products or services that may be beneficial for them. By doing this, content creators can increase their chances of generating revenue from their videos.
Finally, content creators should always be mindful of the YouTube algorithm when creating videos. The algorithm is constantly changing and it’s important to stay up-to-date with the latest trends in order to maximize viewership and engagement. By following these tips, content creators can make money on YouTube while also providing viewers with quality content.
Promote your offer on other platforms
Promoting your offer on other platforms is a great way to increase visibility and reach more potential customers. By expanding your reach beyond YouTube, you can tap into new audiences and grow your following. Social media marketing is an effective way to spread the word about campaigns and discounts, as well as build relationships with customers. You can also take advantage of sponsored deals with companies that pay YouTubers for promoting or mentioning their products in videos. These deals can be paid as a lump sum, with clicks on the company’s link, or on a per-view basis.
Additionally, companies may recruit YouTubers to be brand ambassadors, which can earn them money in a similar fashion.
By taking advantage of these opportunities to promote your offer on other platforms, you can maximize the chance of your message being seen by more people. This will help you gain more exposure and potentially increase sales. It’s important to remember that social media marketing requires time and effort in order to be successful. You should create content that is interesting and engaging, as well as use the right hashtags to reach your target audience.
Make Money on Youtube Summary
Making money on YouTube is a great way to monetize your content and reach new audiences. Content creators should focus on creating quality videos that viewers will enjoy and use strategies such as affiliate links, discounts, and sponsored deals to generate revenue. Additionally, content creators should be mindful of the YouTube algorithm when creating videos in order to maximize viewership and engagement. Finally, promoting your offer on other platforms can help you reach new audiences and increase sales.