This article from Life Gadgets Online will walk you through all of the information you’ll need to know about how to make money on YouTube. You’ll know different ways to earn money on YouTube by the end of this article, and you will be able to grow your own business using one of the world’s largest Internet platforms.
1. How To Make Money On Youtube
If you’re looking for new ways to make money, you might be wondering how to make money on YouTube. There are many different ways to begin earning money on the platform, the majority of which revolve around creating compelling video content.
Here are some of the most popular ways:
1.1. Become an affiliate partner
If you plan to create product review videos, affiliate marketing may be the most practical way to monetize your YouTube traffic. This is how it works:
- You apply to join an affiliate program run by a company or a seller.
- You will use their process to create custom links to products you want to feature in your videos.
- Demonstrate, review, or refer to products in your YouTube videos, and then paste your custom affiliate marketing links into the description field when uploading.
1.2. Create sponsored content
You won’t have to give YouTube a cut of your earnings if you use this method. You deal with the brand, and they will pay you directly. It’s for sure a popular way for YouTubers to earn money.
Brands are more likely to be interested in hearing from you if you have a large or engaged audience and your content is suitable for their target market.
1.3. Get Featured on YouTube Premium & Ad revenue
YouTube Premium is another way to make money on YouTube besides running channel advertisements.
This is a paid membership service that allows users to watch ad-free videos on YouTube.
Creators don’t have to do anything because when YouTube Premium members watch their videos, they’ll automatically receive a second revenue stream.
1.4. Get your fans to pay you directly
This YouTube money-making strategy includes a few different income streams, but you must make it simple for your fans to show their appreciation with a credit card. Follow our instructions to try this method:
- Step 1: Host live chats in which people can use Super Chat.
- Step 2: Encourage your fans to join your channel.
- Step 3: Encourage your fans to be YouTube Premium subscribers.
1.5. Join the YouTube Partner Program
YouTubers can gain access to special YouTube features through the YouTube Partner Program.
You don’t have to be a partner to make money on YouTube, but it makes things much easier.
YouTube Partners have access to a variety of revenue streams, including:
- Video ads.
- YouTube Premium subscription fees.
- Super Chat.
- Channel memberships.
- The merchandise shelf.
1.6. License your content to the media
When a video goes viral, every news outlet or media agency wants a copy so that they can show it to their audience.
Luckily, established media companies understand the importance of paying for what they use. And this is another obvious way to make money on YouTube.
1.7. Sell Products with Live Streams
Selling YouTube live streams is another way to make money on YouTube. This monetization strategy performs especially well in popular niches such as beauty and fashion.
The key to selling products with a live stream is to build a strong sense of trust among your viewers. They are more likely to use their credit card to purchase your products if they trust you.
1.8. Sell Services
Selling services to your followers is another effective way to leverage your channel into paid opportunities and thus earn money from YouTube.
Although this type of monetization can be slow at first, it can be extremely profitable once you reach critical mass.
For example, if you had a YouTube channel devoted to automobiles, you could offer a service that assists others by reviewing auto spare parts and selling them vehicle accessories.
1.9. Sell your own merch
In this method, you already have a product, and you’re planning your YouTube marketing strategy to sell it. Merchandise is a viable way to make money on this platform.
Here are some basic steps:
- Step 1: Imagine and create your product.
- Step 2: Find a manufacturer or supplier.
- Step 3: Build your store and landing page.
- Step 4: Make your YouTube Partner merchandise shelf available.
- Step 5: Use your videos to promote your product.
1.10. Use crowdfunding
Another method of monetization you can use to keep your channel going is crowdfunding. Crowdfunding is divided into two categories: recurring and project-based.
The former way is more suitable for content creators. Fans of your channel pay a small subscription fee for perks and an exclusive tier of access.
A project-based crowdfunding campaign is the way to proceed if you have a project idea that requires funding. Use sites like Indiegogo, Kickstarter, or GoFundMe to get started.
1.11. YouTube Shorts Fund
The YouTube Shorts Foundation is a new program that gives creators access to $100 million in funding in 2021 and 2022, with the aim of recognizing their contributions to the YouTube community.
If you’re a creator recording and sharing short videos, you are eligible to join the program and monetize your videos!
2. Requirements to turn on monetization features
If you want to make money by ad revenue, you must be at least 18 years old or have a legal guardian over the age of 18 who can manage your AdSense payments. In addition, you are required to produce content that adheres to Youtube advertiser-friendly rules.
With Channel memberships, you need to be at least 18 years old and have over 1,000 subscribers. To turn on monetization features with the Merch shelf, you must have more than 10,000 subscribers.
You will meet the requirements for Super Chats & Super Stickers when you are 18 years old or older and live in a country where Super Chat is available.
Creating content watched by a YouTube Premium subscriber will be what you have to do if you want to make money with YouTube Premium revenue.
3. How Do You Make Money With Music on YouTube
Account users who upload or stream music to YouTube must join the YouTube Partner Program in order to earn money. Views, subscriptions, and advertisements generate revenue once you’ve been admitted.
4. How Can You Make Money on YouTube Without Making Videos?
You can make money on YouTube in a variety of ways, including:
- Selling products: When you have a particular product, you can promote and sell it on YouTube.
- Using Super Chat: Viewers pay a fee to have their comments pinned in a chat feed for a set period of time, with a portion of that fee going to the creator of the content.
- Channel memberships: Channel memberships are paid subscriptions that grant subscribers access to exclusive content and other benefits.
Through the article from Life Gadgets Online, you now have the information you need to learn how to make money on YouTube. All you have to do now is put what you’ve learned into practice to begin building and growing the audience on this lucrative platform.