When it comes to turning your ideas into income, you've got options. From traditional ads to selling merchandise to memberships for your fans, there are a lot of ways to use your channel and videos to make money.
You've probably heard stories about regular people earning money on YouTube and thought, “Hey, I can do this too!”. While earning thousands of dollars probably isn't realistic, you can start earning money quickly, especially if you have a strong subscriber base.
Most people think of YouTube as a place to find instructional videos, watch music videos, or waste time. Another group of people, however, look at YouTube as a major revenue source for their online business.
In 2022, the highest paid Youtube channel belonged to Mr Beast, who ranked in a record of $54 million for the year. Making money with YouTube takes some time and effort, but those efforts can pay off with big money.
Table Of Content
- Complete Understanding Of Youtube
- How To Build A Good YouTube Channel To Earn in Various Ways?
- How To Earn Money Online On YouTube?, Various Way to Monetize Your Youtube Channel
- Most Effective Strategies To Be A Good Youtuber.
To become a YouTube account holder, you must register for an account with a Google email (Gmail).
- Create a YouTube Account
Before you can begin making money via YouTube, you need a YouTube account. Because YouTube is a Google company, it requires a Google email, or Gmail, to register. Once registration is complete and the YouTube account is active, it's time to populate your account, also known as a channel, with content.
Creating an account does not automatically qualify you to earn revenues from it. YouTube account holders must follow certain guidelines, such as building an audience and maintaining a specific level of engagement. Amassing a group of followers validates why your channel should earn revenues.
- Set up and build your YouTube channel
Your channel is your personal presence on YouTube. Each YouTube account has one channel attached to it. A YouTube account is the same as a Google account, and creating a YouTube account will grant you access to other Google products, such as Gmail and Drive.
Create your account or use your existing one. Add keywords to help people find your channel. You can add keywords by navigating to the Advanced section of your Channel Settings. Make sure that your keywords are relevant to your content.
Your user name can also work for or against you. If it's short, easy to remember, and original, people will be more apt to remember you. However if you are using an existing account, you can always change your username by editing it on your Google+ account. Keep in mind, you can only change your user name 3 times at maximum before you have to wait 90 days to change it again.
- Add content(Make Videos)
Try to upload content that is high quality, and isn't super long. (This option can vary depending on what type of content you decide to upload) Also try to upload regularly and stay consistent with your uploads.
Even if your content isn't great at first, keep at it. Practice makes perfect. Try to make each video better than the last. You will often learn as you go.
Improve your content by either using a better camera or trying better editing software or techniques. Also try to improve the way things are filmed. Use a tripod, have a friend help you or light your scenes better. It all helps for a better end product which in turn helps you get a better audience. If you don't want to buy bright white lights, you can sit near a sunny window, or do it outside.
By uploading regularly you can help hold an audience. People are more likely to subscribe if you add content on regular schedule, and maintain that schedule as much as possible.
Make sure to tag your videos with key words that describe the content, as well as an eye-catching description. These will help drive people to your video from YouTube searches.
- Upload to YouTube and Configure for SEO
Now that your video is complete, it is time to upload your video to the YouTube servers. You can drag and drop videos from your computer into the uploader, or you can add them individually by clicking on the upload arrow. Depending on the size of your video and your Internet connection, uploading could last anywhere from a few seconds to a few hours. You can upload multiple videos at a time as long as you do not close the upload page in your browser.
When your video is uploaded, or while it is uploading, you can fill out the information about it. Be as detailed as possible when creating a title, description, category, and tags. YouTube is the second-largest search engine in the world, and good search engine optimization (SEO) can be the difference between a few views and a few million views.
- Gain an audience
Building an audience is key to increasing your monetization. You need people to watch your ads in order to make any money off of them. There is no one secret to getting more subscribers, just make the best content that you can and they will come to you.
Sometimes there will be haters, so you just have to ignore them. If you want to thrive, you have to be confident.
Keep uploading content and try to get people hooked. Send your video out on Twitter and Facebook. Share it with people. Distribute it elsewhere on the internet. Subscribers are essential to becoming a partner.
Interact with your viewers by responding to comments and making occasional videos directly related to viewer comments and questions. Connecting with your community will bring more members into that community. One good way to do that is pretty simple, shout outs.
- Promote Your Video
Now that your video is online, it’s time to get the word out. Share your video on social networks, blogs, forums, message boards, and anywhere else you can online. You can embed your video on other sites or link to the video so viewers can watch it on YouTube. Just be careful to avoid spamming because that would result in fewer views for your videos.
Promoting your videos helps you to gain subscribers and views. Increasing your audience base gets you closer to being able to earn money on your content. Once your channel is active and you have a catalog of content and a captive audience, you are ready to monetize your videos.
- Monetize your videos
In order to start earning money on your videos, you'll need to enable monetization. This means you are allowing YouTube to place ads in your video. This also means that you acknowledge that there is no copyrighted material in your video.
- Go to www.youtube.com and click "My Channel" on the webpage.
- Click the link called "Video Manager" on the top bar.
- Click channel and Enable on monetization.
- Meet the requirements
You need at least 4,000 watch hours in the previous 12 months and 1000 subscribers to start earning money.
You can monetize a video as it uploads by clicking the Monetization tab and checking the "Monetize with Ads" box.
To monetize a video after it has been uploaded, open your Video Manager and click the "$" sign next to the video that you want to monetize. Check the "Monetize with Ads" box.
How To Earn Money Online On YouTube?, Various Ways to Monetize Your Youtube Channel
Here, Are 7 most popular Ways To Earn Money by Youtube.......
- Create sponsored content
- Sell your own merch
- Join the YouTube Partner Program
- Use crowdfunding
- License your content to the media
- Get your fans to pay you directly
- Become an affiliate partner
1. Create sponsored content
You don’t have to be on Instagram to be an influencer. The advantage of the sponcon strategy is that you don’t have to give YouTube a cut of your earnings. You negotiate directly with the brand, and they pay you directly. No wonder it’s a popular way for YouTubers to make money.
If you can offer brands a large and/or engaged audience and your content is relevant to their target market they probably want to hear from you.
For instance, YouTuber Aaron Marino, a.k.a. Alpha M, is big in the men’s lifestyle space. How big? So big that even his videos that explain his brand partnerships have brand partners.
- Step 1: Find a brand to partner with: Quality is important, when it comes to the names you work with. You probably already have a wish list of dream brands. Whether you’re aiming for the stars or building yourself up grassroots-style, make sure you perfect your brand pitch before you send it.
- Step 2: Make a deal: According to this recent study by influencer marketing platform Klear, YouTube videos are, on average, the most expensive type of sponsored content brands can buy from influencers. Basically, YouTube influencers are able to charge more for their videos than they would for Instagram Stories or Facebook posts, because video is just more expensive to produce. While your rate will vary on your audience’s size, engagement and relevance to your potential partner, know your worth before you sign a contract.
- Step 3: Be transparent about your sponsored ad: Sponsored content is advertising. That means you need to make sure you’re in step with Google’s Ad policies. The FTC (U.S.) and ASA (U.K.) both have guidelines of which you should be aware, too, if you’re American or British. YouTube has a visible disclosure feature to help you make sure your audience is aware that you’re advertising to them.
2. Sell your own merch
Maybe you identify as a content creator first, and entrepreneur second. (Just remember that even Drake sells t-shirts.)
Alternately, you’re an entrepreneur first and video creator second, which means you probably already have a product, and you’re designing your YouTube marketing strategy to sell it.
Either way, merchandise is a viable way to earn money from YouTube.
3. Join The YouTube Partner Program
The monetization process begins with an application to the YouTube Partner Program (YPP), which allows the account holder to earn money on their content (from ads and subscribers) and grants exclusive access to resources and tools, such as AdSense. YPP acceptance requires that the YouTube account holder is in good standing with YouTube, have a minimum of 4,000 public watch hours in the last 12 months, and have at least 1,000 subscribers.
Once accepted into the YouTube Partner Program, you can sign up for an AdSense account. AdSense is the primary advertising engine Google uses on its own sites and partner sites, including YouTube. When you create your AdSense account, you will need to input payment information and provide tax reporting information such as a social security number or employee ID number (EIN) for your business.
Your AdSense earnings are determined by the number of views the video receives, which advertisers show up on your video, and how many times the ads are clicked. High engagement and clicks are more important than total views, but the more views you receive, the higher likelihood of clicks.
4. Use crowdfunding
Soliciting donations online is now commonplace. Whether you’re looking to build ongoing revenue from a pool of small monthly donations, or looking to fund a personal, channel-related project, crowdfunding is how many YouTubers make money.
5. License your content to the media
When a video goes viral, every news outlet wants to get their hands on a copy in order to replay it for their audience. Fortunately, established media companies are well aware that they need to pay for what they use. And voila, you’ve got yourself another way to make money on YouTube.
As a content creator, licensing your most successful work to the media can be as simple as making sure you’re easy to find.
- Step 1: Keep your contact details updated on your About page
- Step 2: Sign up to a video rights marketplace
6. Get your fans to pay you directly
This strategy for making money on YouTube includes a few different income streams, but they all have one thing in common: you have to make it easy for your fans to show their appreciation with their credit card.
- Step 1: Host live chats where people can use Super Chat
- Step 2: Encourage your fans to become channel members
- Step 3: Encourage your fans to become YouTube Premium subscribers
7. Become an affiliate partner
If your YouTube audience is loyal and engaged, but not quite there yet headcount-wise, look for companies investing in affiliate marketing.
YouTubers affiliated with businesses encourage their viewers to visit the brand’s online store or specific product pages. They then get a percentage of sales made through their you guessed it affiliate links.
In terms of setup and logistics, affiliate partnerships are similar to sponsored content deals, so follow the steps from tip to get started.