The world is full of educated yet unemployed people. Every individual is looking for ways to earn money. In such circumstances making money on YouTube seems like an ultimate dream. There are thousands of methods to earn online, of which the most popular one is to turn YouTube views into money. One can even quit their jobs to make money as it’s fun and, for some, a passion for becoming famous. Who will not like to turn their passions into cash, especially one that has the potential to provide a passive income? Some so many people have become millionaires in a short period on YouTube through sponsorships and merchandise.
- 1 How to make money on YouTube
- 1.1 Start a channel
- 1.2 Make your channel successful
- 1.3 Explore your new monetization features:
- 1.4 Submit to ongoing reviews
- 1.5 Sell your merchandise
- 1.6 Who is going to watch your YouTube channel?
- 1.7 Create sponsored content
- 1.8 Get your fans to pay you directly
- 1.9 Crowdfund your next creative project
- 2 Conclusion:
How to make money on YouTube
If you are marveling at how to earn money on YouTube, below are few strategies for making millions through your YouTube channel and your creative work. This might create an impression that the millions of dollars earned through YouTube come directly from it. No, each of these channels has its line of merchandise, which you will know in this article. If making money through YouTube is in your marketing plan, then the first thing that you need to understand is your target audience.
- Sell your merchandise
- Create sponsored content
- Get your fans who reimburse you directly
- Use crowdfunding on an ongoing or one-off basis
- License your content to the media
Become a YouTube Partner
The key thing you can do if you are a beginner is to start a YouTube Partner Program. This is how regular You Tuber gets access to special features on the platform. However, you do not need to be a partner to make money on YouTube, although being a partner makes the work much more manageable. YouTube Partners get access to multiple income streams, i.e., ads, YouTube Premium subscription fees, channel memberships, and the merchandise shelf.
Start a channel
First of all, start your own YouTube channel. That is as easy as ABC.
Related Article: YouTube Video Ideas 2020
Make your channel successful
The next step is to make your channel successful enough that it fulfills the YouTube Partner Program requirements. If you want to become a part of the program, you need at least a thousand subscribers and four thousand watch hours in the timespan of 12 months. To get more of the YouTube views, just set up an AdSense account by following YouTube’s official guide.
Explore your new monetization features:
Each YouTube channel has different monetization eligibility requirements. For suppose:
Ad revenue: In ad revenue, you earn through ads. To get more ads, create content that is advertiser-friendly and is not controversial. This makes YouTube advertisers comfortable; thus, they run more ads on them.
YouTube Premium revenue: If any YouTube Premium member watches your content, you get a part of their subscription fee.
Channel memberships: To sell channel memberships to your viewers, you need to have a huge fan base that is at least you have more than 30,000 subscribers.
Merchandise shelf: you can sell merch from YouTube’s merchandise shelf. For that, you must be at least 18 years old and have at least 10,000 subscribers.
Submit to ongoing reviews
When you become a YouTube Partner, your channel will be held to higher standards, as per YouTube policies. You will have to follow YouTube Partner Program policies as well as Community Guidelines.
Sell your merchandise
Merchandise is the most viable way to earn money through YouTube. Maybe at first, you are identified as a content creator and then as an entrepreneur. Or vice versa, you are an entrepreneur first and later became a video creator. Thus you already have a product, and you are using a YouTube marketing strategy to sell it.
Who is going to watch your YouTube channel?
This must be a primary focus when you want to sell your merchandise, as building your audience puts you in a great position. You can only be able to take full advantage of the opportunities when you understand your audience. Most of the You Tubers looking to monetize should focus more on niche their channel, thus targeting specific audiences.
Create sponsored content
The other way to earn money is to create sponsored content. You don’t have to join other social media accounts to be an influencer. The additional advantage you get is that you directly negotiate with the brand, and they pay you now. You don’t have to give YouTube a part of your earning. Thus, it’s the most popular way of making money. If you offer brands a broad and engaged audience, they would be attracted.
Get your fans to pay you directly
This strategy to earn money on YouTube includes different income streams. However, one thing that you have to do is that you have to make subscriptions easy for your audience to show their appreciation with their credit card.
Crowdfund your next creative project
Crowdfunding is another popular way how You Tubers make money. Organizing donations online is now very common. Whether you will build online revenue from small monthly donations or looking to fund a personal or channel. When a video goes viral on social media platforms, every single news channel wants to get hands-on it so that they can replay it for their audience. These days established media companies are well aware that they need to pay to avoid any copyright. Thus you got yourself another easy way to earn money through YouTube. But make sure you are comfortable to be contacted.
YouTube earning is not only dependent upon the number of subscribers. It can be monetized even if you do not have millions of subscribers if the content you produce is more robust. These include the level of engagement you generate, the niche you cater to, and the revenue channels you explore. This does not mean that subscriber does not count at all. Thus to flourish, your YouTube earnings have a clear understanding of your target audience.