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The YouTube platform is the largest video-sharing site in the world. It also has the second-largest search engine, behind Google. With more than 1 billion users and 300 hours of content uploaded every minute.
The world of entertainment is changing quickly, and it’s never been easier to make money on YouTube. There are so many different ways to monetize your videos, whether you are a vlogger or have a popular cooking show! It can be overwhelming at first, but in this post, I’ll show you everything on how you can make money on youtube.
What is YouTube and how can you make money on it?
Before we begin it’s important to be aware of what YouTube is and how it works. Simply put, YouTube is a video-sharing platform where anyone can upload content without having to subscribe or pay for any service. It was created in 2005 by former Paypal employees and quickly became the go-to place for streaming media like music and video. It’s worth noting that YouTube is owned by Google, one of the biggest tech companies in the world.
Can You Make Money on YouTube?
The simple answer is Yes, with all that said, now it’s time to talk about how you can make money on YouTube. There are many different ways to monetize your videos, and some methods offer more cash potential than others. I’ll list out the most common methods for you below:
Advertising Revenue (Adsense) – You can make money by running ads on your videos and sharing proceeds with YouTube. Sponsorships – If you have a popular show or blog, you can partner with brands to promote their products on your channel. Subscribers – Your income can increase when you get more followers! It’s like having a fan club that will pay for your future content. Give it time and dedication, and viewers will start to flock in droves!
How to create a channel on YouTube?
Before you can make money on YouTube, you need to have a channel. This is the basic way of registering your name and profile information with the website. Signing up is easy- here’s what you do: Open an account on YouTube Go to your account settings and click make a username Go through a few security steps (this is important to stay safe on the site) Fill out your profile (don’t forget that first impression!) Upload a picture and fill out other info you’d like to share.
Lastly, choose a channel theme! This is the easy part- just upload a few pictures and boom, you’re done. Just try not to overload viewers with too many thumbnails.
Different Ways On How To Make Money On Youtube
The most important part about monetizing your video is to make sure you’re abiding by copyright laws (if applicable). You could make all the money in the world, but if your videos are taken down due to copyright issues, well…you won’t be seeing much dough.
1. Advertising Revenue, AdSense/ Youtube Partner Program
This is the most popular and common way to monetize your videos. All you have to do is apply for Adsense and show pre-rolls on your videos, and you’ll start seeing money roll in. However, there is a catch: You need at least 4,000 watch hours in the past 12 months and 1,000 subscribers to apply. Even if you do meet the requirements, your account may get terminated if you don’t have original content or get copyright strikes.
Youtube takes a 45 % cut from your Adsense account, and you get the remaining 55% revenue generated by ads from your video, but it’s a small price to pay for getting paid.
YouTube Red (Premium) Revenue
YouTube Red is a subscription-based service that allows viewers to watch ad-free videos, listen to music without ads, and download content. The cost of the membership may vary depending on your location, You’ll gain a little share every time a YouTube premium account sees one of your videos. This is an excellent way to make some extra income on your videos without ads.
If you want to take your video subscription service one step further, you can also create a channel membership. Subscribers will get exclusive access to videos and other special content that regular viewers won’t be able to see. Buyers will only have access to this content as long as they continue their membership- if they cancel, they’ll lose all the cool privileges!
This is a relatively new method of making money on YouTube and it’s not available to everyone. If you want to join, just visit your channel settings and look for the “channel memberships” tab when you have over 1000 subscribers.
Your Own Merchandise Shelf
You can also make money by selling your own merchandise with a customized URL and link You’ll be able to establish a merchandise shelf on your youtube channel once you’ve reached 10,000 subscribers. This enables you to sell products directly on your YouTube channel, beneath your videos.
Super Chat and Super Sticker
Users can pay to be noticed in your live streams by purchasing a “super chat” or “super sticker,” which allows anyone to be viewed by you. You can enable this when your channel has 1,000 subscribers.
The second most popular method of earning money from YouTube is through sponsorships/ endorsements from brands within the video’s content. For example, if you have a makeup channel, you could partner up with a beauty brand and have them advertise their products within your videos.
If you have a show with a large audience reach, companies will be throwing money at you daily- all you have to do is accept their deals and make it work!
How to Make the Most of Sponsorships on YouTube
- Concentrate on high-quality, in-depth, and useful videos.
- First, Make unpaid reviews to attract competition.
- To protect yourself, discuss when you’re contacted and ask for 50% upfront.
- Request additional products.
A new addition to this list is crowdfunding. You can make money out of nothing by asking your viewers for donations. Sites like Patreon allow you to crowdfund your own income, rather than have brands fund you independently. This is a great way to support yourself if you’re not making enough with ads or sponsorships alone!
Patreon is a membership platform that provides business tools for creators to run a subscription content service, as well as ways for artists to build relationships and provide exclusive experiences to their subscribers, or “patrons.”
You can bill Patrons on a per-post basis or get a fixed monthly amount in exchange for providing access to unique content on the site.
4. License Content to Media Houses
There are some media outlets- such as TV networks, newspapers, magazines, etc. – that are always on the lookout for interesting YouTube videos. If you have a clip or video that would be Viral or interesting, contact them and see if they’d be interested in licensing it! Make sure your content is unique, or they probably won’t be interested.
If you have any popular videos that media organizations would want to publish on their websites, make sure it’s easy for them to contact you by adding a business email on your channel about page and in video descriptions. This will make it simple for firms interested in your video to get in touch with you.
You can also upload your videos to the video buying site Jukin Media.
5. Sell T-shirts on Your Youtube Channel
There are several tools you can use to sell products directly on your channel, but the one we recommend is Teespring. It’s simple and easy to set up, requires no upfront costs, and has a global reach so it won’t matter if you’re based in Europe, Asia, or North America.
To make a Teespring campaign work, you need to create a campaign and upload at least one design. It’s important that your designs are high quality and reflect the image of your channel so customers have no trouble trusting you. You can always re-use your designs for different products as well.
Once it’s set up, you can share your link with viewers and inform them of how they can buy! Teespring will manufacture the items for you and send a notification when a sale is made. You earn a profit on each one.
6. Sell Services on Youtube
Other than T-shirts, you can sell services on Youtube as well. If you’re a good graphic designer and want to make money out of it, try posting some YT ads. If you think your mixing skills are better than those of Dj’s, upload some mixes and place some ads there as well!
Although this kind of revenue can be slow at first, if you build a nice audience it can be quite profitable.
You will not only be able to make a lot of money selling your services, but you will also be able to build a strong community around them.
If you’re a freelancer, a small business, or an e-commerce store, service promos are effective. All you have to do now is start posting brand-related video material and create a captivating call to action to entice visitors to check out your services.
7. Reviewing Digital Products On Youtube
This is one of the most straightforward money-making methods on Youtube. If you are good at reviewing products online, you can post your reviews with links to product sites inside your description box under every video. When someone clicks on that link and buys something then you will get a commission for that.
This is a good way to share your opinion when it comes to suggestions for buying things online and also make some money out of it in the process. From companies’ point of view, this is an effective way to get honest reviews from their potential customers and they can even save some money by interviewing people with wider reach and influence on social media.
Using this method you get compensated, your readers get important information, and the business gets greater visibility, this strategy works remarkably well.
8. Youtube Arbitrage
This is one of the most popular ways to make money on Youtube. You can use the same videos on different platforms and get paid for each time it’s viewed or streamed.
To do this, you’ll need a video hosting site that offers an embed option that you have to promote in your videos. This is also a good way to generate traffic from external sites as well as increase the overall viewership of your videos.
There are many different sites that offer a service like this, but it’s really up to you which one you choose. Try going with the most popular ones in your country for the best results and make sure you do some research on the video hosting site before making your final decision.
9. Product Placement In Your Videos
Another great way to make money out of Youtube is by offering product placement in your videos.
This option works really well for those who have a large viewership and it’s a great way to monetize video content as well as enhance the brand awareness of your business or product. If you have a huge following, partnering with brands might be the best way to make money from youtube right now.
Brands want YouTubers to showcase their product, and youtube partners want brands to assist in financing their videos. So this is a win: win situation for both parties involved, and if you play your cards right, it can be very profitable!
The only drawback about product placement is that Youtube doesn’t allow you to display products from competitors on the same video even though they’re completely unrelated.
10. Affiliate Marketing on Youtube
This is another great way to make money on Youtube and it works by promoting other people’s products or services in your videos. You only get the affiliate link of that product after you sign up with one of the many portals which track successful promotional activity online.
When someone clicks on that link, they will be led to the product you’re promoting and once they finish their purchase, your account will receive a commission.
You can either promote someone else’s products or services that might be related to your niche or create your own if you have a large enough following and you can also promote products for multiple different brands as well.
This way you can sometimes earn more, than with other methods and it’s a great way to generate extra cash from your Youtube channel.
How to Make the Most of Affiliate Marketing on YouTube
- In the description of videos, provide affiliate marketing links.
- Affiliate links are pinned to the first comment.
- Point out affiliate links In the video
- Incorporate YouTube cards leading to affiliate sites into your video.
11. Make a Course and Sell It
Another excellent method to make money on YouTube is by creating your own course or tutorial and selling it to people who are interested in that particular topic.
This method can be used for anything, like cooking, makeup tutorials, fitness videos, etc. It’s not only an effective way to monetize videos but also a good way to establish yourself as an expert in your field of choice.
As with most other methods on this list, you need to have a large following to successfully make money with this method, but once you do- it’s really up to you how much cash you want to cash out!
Many creators are succeeding with this strategy.
This is a terrific method to make money on this platform, but you must be able to generate high-quality, informative, and original content that provides significant value to your audience in order to be successful in promoting courses.
12. Selling Merchandise To Subscribers
This is another great way to make money on YouTube, especially if you have a huge following of people who are interested in your products.
You can create your own line of merchandise and sell it through your channel’s shop which will generate extra revenue for you while promoting the name/brand of your business at the same time.
The only drawback when using this method is that it takes time and effort to successfully make money with merchandising. You must become established first before you can start generating significant profits.
Tips For Making More Money From Your Videos!
- To make the most out of Youtube, you have to diversify your income. The more sources of revenue you have coming in, the better! Consider monetizing your videos with multiple methods for best results.
- Try not to turn every single video into a commercial- keep it casual and informative instead.
- Don’t try to push products or services that are not related to your niche.
- Be original with the content you produce, if someone sees that you’re just copying another creator they won’t turn to you for the information again!
- Consider creating a course or selling merchandise offline as well- remember not all of your income comes from Youtube.
- The most important thing is to enjoy what you do and be creative!
- Provide a call to action at the end of your videos. Your viewers need to know what they can do next after watching your video, don’t let them get lost.
- Tell them how they can follow you or subscribe etc. A call to action is crucial for success online!
- Don’t forget that YouTube is a social platform. Engage with your viewers, answer questions and provide value to their lives! Commenting on videos from other creators is also a great way to get noticed.
- Add annotations throughout your video stating where they can buy/find more information about the products you’re promoting- make sure they are clearly marked as “sponsored”!
- Remain transparent and declare when you’re promoting something. Don’t just put a product in your hand and start talking about it- people will see right through that!
- Also, consider adding links in your video description to all the products or services that you mention. This is also where having an email list comes in handy so you can promote products to people who are already interested in what you have to offer!
- You should also put links to all your social media accounts so viewers can easily find more information, photos, etc. If you’re running a business page on Facebook or Instagram- link them too!
Make Money On Youtube FAQ
How Many Views do you need on Youtube to Make Money?
You are paid depending on the number of people who click on adverts in your videos or watch them for 30 seconds, not really on the number of views. The cost per view could range from $0.10 to $5.
YouTube does not monetize based on how many people have watched your video. Rather, YouTube looks at how many hours you’ve watched to determine when you’re eligible to join their partner program.
How Much Money do YouTubers Make?
The average amount made by the top ten YouTube accounts is $7.60 per 1000 views or $7600 for 100,000 views.
However the figure varies widely- some amateur YouTubers may only make $500 for 80,000 views.
It really depends on your demographic and how competitive your niche/industry is.
It also depends on how much time, effort, and money you put into your channel.
If you make a video about something everyone is talking about- i.e. Pokemon Go – it’s going to get more views than videos on something only a select few are interested in which means more ad revenue for you!
How many subscribers do you need to make money?
1000 subscribers according to YouTube- if you have fewer than this number of subscribers, you will not make any money. The best way to get more subscribers is to produce videos regularly and consistently publish content!
You must also have 4,000 watch hours in the last 12 months only then you can apply for monetization.
Who is the highest-paid YouTuber?
Top 5 Highest Paid Youtuber in 2021
1. Ryan Kaji, US$29.5 million
2. MrBeast (Jimmy Donaldson), US$24 million
3. Dude Perfect, US$23 million
4. Rhett and Link, US$20 million
5.Markiplier (Mark Fischbach), US$19.5 million
Does YouTube pay on a monthly basis?
Yes, these are normally Adsense payments that arrive between the 20th and 25th of every month in your bank account.
Wrapping It Up
The future of YouTube is bright. We’ve seen the platform evolve over time and it continues to be a space where creators can share their stories, develop new skills, find a community for support, grow an audience that will help them create sustainable careers.
To make money on YouTube in 2021, you need to be creative. The internet is saturated with videos and content of all types, so it’s important to stand out from the crowd if you want people to notice your work.
You finally have all of the necessary information on how to make money on YouTube.
Now you just have to apply everything you’ve learned into practice to begin creating and increasing your audience on this profitable network.