The expanding creative economy has created many different ways to create profit on YouTube. Although some approaches have simpler entry requirements than those associated with revenu through ads, making good content and having an active viewership is essential. If you have a knack for creativity, and you’re willing to put in a great deal of hard work, you can make money on YouTube as well. Here are some monetizing strategies to investigate.
How to get paid on YouTube
1. Make money using advertisements by joining the YouTube Partner Program.
We need to start with this critical aspect. To generate money from ads, you must join the YouTube Partner Program. At least 1,000 subscribers and a collective 4,000 hours of watch time in the last year are required for you to become a partner. Accomplishing these strict guidelines will give you access to ad revenue streams.
If you’re interested in becoming a YouTube Partner, you’ll need to meet certain criteria to be eligible. This includes adhering to YouTube’s monetization policies, being located in an eligible region, and linking a Google AdSense account. To track your progress, check the monetization section in YouTube Studio to see how many subscribers and watch hours you have. Once you have met the requirements, YouTube will inform you that you can apply for partnership.
Go to YouTube Studio’s “monetization” area to keep track of your subscriber and watch hours development. YouTube will provide you with a notification when you are prepared to apply.
As a YouTube partner, you have the potential to monetize your content through various means. This includes revenue from ads, chat features and even YouTube Premium subscribers who watch your videos. An exciting new opportunity is the potential to gain ad revenue from Shorts in 2023. YouTube Shorts are the platform’s version of short-form, TikTok-style videos, where you can make even more money.
How many views on YouTube does it take to make money?
You won’t get compensated for the amount of views your video gets. Instead, you’re remunerated for the times a person views or clicks an ad that’s presented on your video.
Influencer Marketing Hub states that compensation varies, but the regular YouTube channel can anticipate earning around $18 for every 1,000 advertisement views. Taking into account the rate of ads actually seen, that comes to around $3 to $5 for every 1,000 video views.
Do you want to make money on YouTube but don’t know when you’ll start seeing the income?
Well, when your balance reaches the threshold of $100, you’ll start to get paid. It takes approximately 1,000 video views to make an estimated $4 from ads. In other words, once you have 25,000 video views, you should be able to hit the $100 mark.
However, if you have a small channel, it may take a while before you start receiving payments. It’s also important to understand how Google, the company responsible for issuing AdSense payments, handles taxes. If you’re feeling overwhelmed by the prospect of needing thousands of views to make money, there are other ways to earn before you hit the 1,000 subscriber mark.
2. Take a cut with affiliate marketing
If you plan to create product review videos, affiliate marketing may be the most effective way to monetize your YouTube traffic. Here’s how it works:
- First, you’ll need to apply to join a company or seller with an affiliate program, such as Amazon Associates.
- Once accepted, you can create custom links to the products you feature in your videos.
- In your videos, demonstrate, review or make reference to the products, then paste the custom affiliate marketing link in the description field when you upload them.
If a viewer clicks your link and purchases the product, you’ll receive a commission as an affiliate of the brand.
If you’re looking to make money on Amazon, joining Amazon Associates is a great way to start. But don’t forget to explore other options, such as exploring affiliate marketing sites like ShareASale and ClickBank to find corporate partners and products to feature. Additionally, you can reach out directly to your favorite brands to see if they offer any affiliate programs.
When you do shoot your video, make sure to inform your viewers about the affiliation with the brand and provide them with the link in the description. Doing this will help you maximize the potential of your video and increase your earnings.
3. Land a brand deal and make sponsored content
Companies interested in your channel’s viewers might provide sponsorship for your videos or offer product placements in exchange for a shoutout, referred to as brand deals in the industry.
When you have a following, these sorts of deals are more likely to come your way. As your channel grows, you can either contact the brands you’d like to collaborate with or use affiliate marketing sites to discover corporate partners that match your content.
Brand deals can result in lump sum payments, commissions based on sales, or free products or services.
It’s important to remember that if you do get an endorsement or use product placement in a video, you must notify YouTube by ticking a box in your video information.
4. Sell some merch
If you have any goods or services on offer that your audience would be interested in, don’t forget to tell them about it! For example, tech reviewer Marques Brownlee, who runs the popular MKBHD channel, always leaves a link to his own line of apparel and accessories in each video he posts. Selling physical products may require you to buy materials or locate a manufacturer, however digital items like e-books, art prints, or virtual courses can also be sold. Before you start advertising, make sure you have a secure payment system in place.
Incentive to sell: While developing your own products can be much more complex than promoting others’, you could potentially make more money this way, since you will keep the majority of the profits as the product creator.
5. Offer memberships
A membership model is one way to monetize viewership. Patreon is a popular third-party platform for this purpose, and YouTube is gradually introducing its own channel memberships feature. For those eligible for the YouTube Partner Program, this could be a great opportunity to drive additional revenue by providing exclusive access and incentives such as one-on-one video chats, private classes, or other perks. With more viewers, the potential to earn more is always present.
How much money can you make on YouTube?
YouTube stars with millions of followers have the ability to make the most money, easily reaching seven figures. However, even lesser-known content creators with a small following can be able to make income, whether part-time or full-time.
For instance, Stevin John of the popular kids’ channel Blippi earned an impressive $17 million in 2020, largely from the 8.2 billion views and 27.4 million subscribers his channel had accumulated on YouTube. A different story is told for those with smaller followings, such as Kelly Anne Smith, a personal finance YouTuber with 50,000 subscribers, who made approximately $900 in ad revenue in March 2022, according to Business Insider.
Sean Cannell, co-author of “YouTube Secrets” and founder of the Think Media channel, recommends new YouTubers turn to affiliate marketing to gain income fast. In a 2021 video post, he suggested that with the right niche and strategy, it is attainable to garner up to $500 each week.
Earn an audience, and earn more in the long run
YouTube is a platform full of potential, but it’s not a miracle worker. To be successful and make money, you need to dedicate time, energy and attention to your channel. Fortunately, with the right drive and dedication, you can still find ways to monetize your YouTube channel even before reaching the goal of 1,000 subscribers. With a bit of effort and a lot of practice, you can make your way to YouTube success.
As you embark on your journey to become a YouTube sensation, there are a few tips that you should take into consideration. To ensure maximum viewership, you should strive to upload as many videos as possible. It’s also important to tailor your content to a specific audience or niche to ensure that your viewers will be more likely to keep watching.
Additionally, devoting time and energy into creating thought-provoking and entertaining videos will help you to draw more attention than if you simply rushed through the production process. Finally, utilizing a unique title and eye-catching thumbnail may also help to draw more viewer attention. By keeping these tips in mind, you can develop a successful YouTube channel.
Source
1. YouTube Creator Academy: Make Money with YouTube
2. 5 Ways You Can Make Money on YouTube in 2023
3. 5 Strategies to Make Money on YouTube in 2023
4. How to Make Money on YouTube in 2023: 5 Ways to Get Paid
5. How to Make Money on YouTube in 2023