Today, we will talk about How to Make Money with YouTube. YouTube is one of the biggest video streaming platforms. Hence why it is a suitable target for us to teach you how to make money with it. Many people with YouTube channels today do not know all the ways you can use it to earn. Hence why we have made this article to teach you everything.
Below are the 10 ways that you can make money with YouTube.
1. Join the YouTube Partner Program (YPP).
One of the most common and most effective ways for you to make money with YouTube is YPP. YPP is the YouTube program that enables content creators make money with their content. You create/make your videos, publish them on YouTube, when these videos get views with ads, you get paid. What this means is that when advertisements play alongside your videos, then YouTube will pay you a certain percentage of the ads revenue. Usually this is 55% of the total ad revenue attributed to your videos. However, you need to note that this is not for all countries. There are some countries with higher percentage of ad revenue sharing while others have lower. In addition to that, there are some countries that do not have YouTube monetization.
What are the requirements to qualify for YouTube partner program (YPP).
- 1,000 subscribers.
- 4,000 watch hours in the last 12 months OR 10 million Shorts views in the last 90 days.
- Follow YouTube’s monetization policies.
- Enable 2-step verification on your Google account.
- Have no active community guideline strikes.
2. Channel Memberships.
Other than YouTube ads, there are other ways you can make money with YouTube. Such include channel memberships. Channel membership is whereby you provide some special features for paid users. These are the people who pay to access your restricted content. The restricted content is the content that you mark as premium and only those who are paying can watch it. This way you get to charge people for some of your content. However, note that its not all content on your channel will be premium. You have to leave something for people to see for free. Actually, the premium content should be a few videos and the free ones should be the majority.
3. Super Features.
YouTube these days has introduced a lot of features. Some of those are the super features. These are creative ways for your audience to interact with your content, channel and with you. Some of these super features include:
Super Chat is a feature that people watching your live streams can pay to have their messages highlighted so that everyone can see.
Super Stickers is a feature that people watching your live streams can pay to have their messages stick on the conversation view-port. This means that the message will not scroll and disappear from the conversation view-port like all the others.
Super Thanks on the other hand is super feature that enables your audience to donate to your on any video. It doesn’t have to be a premium video.
4. Sponsored Videos (Brand Deals)
Other than the YouTube features, you can use external means to make money with your YouTube channel. Such include making sponsored videos for brands. Yes, companies pay you to make a video about them and publish it on your channel so that they can get marketing. Actually in some cases you do not have to make the video as they provide you with the video and all you need to do is publish it.
The amount of money you make per video posted depends on a whole number of factors. Such factors include, the number of your subscribers since they want a large audience. In addition to that, they also consider the number of views you normally get. This is because they want to know how many views their sponsored post will get. Actually in most cases they will pay you per the views you get. Say for example if you get 10,000 views, they will pay you a certain amount of money.
5. Affiliate Marketing.
Another major way you can make money with your YouTube channel is by affiliate marketing. This is whereby you signup to an affiliate program. Then you get your affiliate products links. Promote the products on your YouTube. Your audience will see these products and if they go and buy them, then you get paid a commission. Simply that’s how affiliate marketing works. You do not own the products nor handle them. All you do is drive traffic and customers to the seller then the seller pays you.
6. Sell Your Own Products especially through YouTube Shopping.
Other than selling other peoples products like we have explained in point 5 above you can sell your own. Why not? You know whats the best thing about selling your own products? Its the fact that all the money you make is yours. Hence after you deduct your production cost, the rest is your profit. If you have your own products or you have access to products, you can use YouTube to sell them. Just inform your audience about them and where to buy.
Something else very useful that YouTube created is the YouTube Shopping. This is a feature that allows you to connect your online store with your YouTube channel. After that, you can pull your products from your online store to your YouTube channel just under your video. As the people watch your video, they can see your products below it. From there they can just buy.
7. Crowdfunding & Donations.
Another major way of making money with YouTube for content creators these days is crowdfunding and donations. With this, you create an account with the crowdfunding websites like buymeacoffee or patreon. Then provide your audience with your profile ID or URL so that they can go to that website and donate for you. The amount they donate or crowdfund for you depends on you them as it is a free voluntary donation. Thus you cannot demand any specific amount. Just be thankful for whatever they donate.
8. YouTube Premium Revenue.
YouTube Premium Revenue is another major way of making money with YouTube that many people do not know. Many people do not know that you can also earn with YouTube from premium YouTube users. These days, users can opt to pay YouTube a monthly fee and in exchange, they don’t see ads. You know the ads can be annoying sometimes hence why some people pay to avoid them. Therefore, with this monthly money that these people pay, YouTube shares it with you for your content.
The way this works is if your video is played by a person who is using YouTube premium, you will get a very small percentage of his/her monthly payment. Now count many videos played by such users and it can accumulate to a lot of money. However, something you need to note is that this program is not available in all countries. There are some countries in this world that do not have this YouTube premium program.
9. License your content to the media.
For those of you who make some really good content or informative content such as journalists, you can license your content. You can let other media-houses and other entities on the internet use your content for a fee. If any of your videos becomes really popular with the media houses or other entities on the internet, you can really make a lot of money.
10. Drive traffic, customers and sales to your money-sites.
Another very major way that you can make money with YouTube is using it as a marketing platform. You can use YouTube to market your website that you use to make money with. You can also use the YouTube channel to drive traffic and potential customers to your platforms that you earn with. For example, you can use the YouTube channel to promote your freelance profile. Like you can tell them that you provide certain services on your upwork freelance profile. Other platforms can be your blog, eCommerce platform, dropshipping, other social media platforms, print on demand and so much more.
Conclusion.
Now you know how to make money with YouTube. We have analyzed 10 ways that you can earn with using your YouTube channel. Go ahead and try them. However, what i can tell you is that making it on YouTube is not easy. You do not open a new channel today and expect to be a millionaire tomorrow. You do not get a thousand YouTube subscribers in one day not unless if you are famous. Thus be patient and consistent for a long time until you succeed.
