Making a Living on YouTube: Multiple Ways to Earn
Creators on YouTube are popular celebrities now. They are people who have been able to earn loyal fans by producing high-quality videos to teach, entertain, review, and impact others online. Making a living on YouTube mightn't be the reason you started your channel. However, your chances of earning big bucks on the popular video-sharing platform are numerous immediately after you're able to realize how varied they are.
One's audience can start unlocking the potential of his YouTube channel. Just like Instagram influencers, YouTubers can earn revenue and begin making a huge difference. If you want to make money on YouTube, you can utilize it in various ways. Thinking of making a living on YouTube? Read on to find out more!
Ways to Start Making a Living on YouTube
There are multiple ways for you to make money on YouTube. They include:
1. Become Part of the YouTube Partner Program
This is the foremost revenue stream you should explore. If you want to earn money from YouTube, even if you're not creating content as a video creator, you can become part of YouTube's Partner Program and enable monetization. You must abide by the YouTube monetization policies and reside in a place where this program is allowed.
Additionally, this depends on how many subscribers and watch time you have. You'll be able to become a YouTube Partner immediately after hitting 1,000 subscribers with 4,000 watch hours in the last year. Follow these steps to enable monetization on YouTube:
- Log in to your YouTube account where you intend to start monetizing.
- Press your account's icon.
- Click YouTube Studio.
- Press Other Features > Monetization at your left menu.
- Agree to YouTube Partner Program's terms/requirements.
- Open a Google AdSense account or join a previous account to the channel. You must have one to be paid.
- Set any monetization preference you want.
- Immediately after that, go to your dashboard and select the Analytics tab on the left. Then, you must select Revenue from the top tab before scrolling to the chart Monthly Estimated Revenue to see the estimated YouTube earnings from your monetized videos.
YouTube Premium
YouTube Premium is a paid membership feature allowing fans to watch and support their favorites without adverts. Creators will receive payment for the content that non-members consume, as well as YouTube Premium subscribers.
YouTube pays creators for Premium according to the number of members watching their videos. Just see the earnings made from YouTube Premium, like the secondary revenue stream that adds to your earnings via ads. If you don't have enough channel members to earn money, you should buy the YouTube subscribers service. To purchase the best quality subscribers, click and visit Views4You.
Their subscribers are active users with real accounts who will always engage with your content and help you increase your earnings from the platform. With Views4You's subscribers, you will reach your target audience and rank higher in YouTube searches.
2. Sell Merch/Products
You're free to start selling your own products in order to make money via your channel. Ad revenue aside, selling goods is one of the ways of generating revenue from YouTube. Merchandising will increase one's exposure and put one's business outside. Start syncing your products' catalogs, tagging and pinning items in live streams, and then start managing every sale.
Also, you're free to liaise with creators' merchandising networks. But, you will compete with others and have lesser control in including items, providing promos, including more videos, and other benefits associated with having one's personal e-commerce website.
One is even free to manufacture and sell his own line of goods. Therefore, go ahead and power your brand via your YouTube channel. Also, one should always remember to include the link of his store in his video descriptions, together with any important end screen, card, and a captivating call to action.
3. Fan Funding
Like crowdfunding projects, you're free to begin fan funding to earn money. As one of the creators, you contribute to the web without compelling anyone to make payment for that.
Therefore, when you regularly provide high-quality content, your viewers and fans would love to start supporting you from time to time. One can be making YouTube videos and getting assistance. There are various fan funding options, and they are:
YouTube Super Chat and Super Stickers:
Super Chat is among the features utilized during YouTube live streams. It'll allow you to make tipping jars for the audience to make donations anytime. They can donate any amount that is okay for them. One's audience pays for their messages to be highlighted in the comments section of his video.
Channel Memberships:
Channel memberships allow one's audience to support his channel via recurring monthly payments. This is exchanged for members-only rewards. Like Super Chat, you must join the YouTube Partner Program to access the memberships feature.
4. Start Affiliate Marketing
This means earning commissions whenever you promote products and services of different brands. One can do affiliate marketing for businesses and place and endorse goods in his video content. But, you've to tell viewers about the partnership in the videos.
It will work very well when reviewing products on your YouTube channel. There isn't any risk on the part of the business because they'll only make payment if they sell. However, it really isn't easy at the beginning when one is still starting. ClickBank is an affiliate program that offers various amounts of commissions, which will depend on what's set by the vendor.
5. Start Licensing Your Content to Media Outlets
If you created a viral video with lots of appeal, like your official artist channel created a clip that became viral, you're free to license the content for money. TV channels, news shows, media sites, and even other YouTube users may contact you for the rights to utilize your content after going viral.
After making videos, one can list them in marketplaces, where they can be easily seen by people seeking to find and buy such content.
6. Start Crowdfunding Your Projects
Whenever money is the only thing standing between ideas and their executions, crowdfunding stands as an amazing way of earning money. One may need assistance to buy good equipment, hire people, and cover other expenses while creating content.
You're free to seek your audience's help and community tab, especially when your ideas are very captivating. A lot of progressive Creative Commons license projects usually give sneak peeks and trailers to excite people. Therefore, try to shoot regular videos to explain the project or even offer a taste of how it will look like.
7. Liaise with Businesses as a YouTube Influencer
Nowadays, businesses invest largely in influencer marketing and sponsorship. Most of them spend huge amounts of advertisement budgets on influencers on YouTube and other social media platforms who have been able to acquire a large following and loyal fans.
It is among the huge opportunities for content creators to earn lots of money, especially if they are good at negotiating proper deals. Discovering businesses matching one's vibe and establishing strong relationships is easy.
You can upload videos to advertise their links, receive payment as you're selling products, and start tracking all of them in a place. A YouTube marketing expert recommends that creators establish flat fees based on their video view count.
What Amount of Views Must One Have to Make Money on YouTube?
An average YouTube channel will receive about $18 for a view. This means creators earn around $180 for 1,000 views, based on data from Influencer Marketing Hub. Your amount of views does not relate to the revenue generated.
If one's whole video receives many views, but nobody watches or clicks on its ads, he will not earn anything. This is due to the criteria of YouTube to bill advertisers. Viewers have to click the ad or view it fully in order for a creator to be paid.
What Amount Can YouTubers Earn in a Year?
According to Business Insider, top creators on YouTube make around $28.5 million in a year with their channels. Though their earning is very large, smaller channels can also make revenue on the platform. One can earn money from YouTube via ad revenue, among other ways, depending on one's video views.
Many YouTube creators earn about half of their income annually from ads. You're free to open a Google Ad account and begin monetization immediately after you've created your channel. One will be paid immediately after reaching $100 in his AdSense account.
Conclusion
Many creative means exist if you're aiming to make money on the popular video-sharing platform. To start making a living on YouTube via ad revenue, you must have acquired 1,000 subscribers and 4,000 watch time. Apart from YouTube ads, you can be able to make money through merchandise selling, affiliate marketing, etc.
YouTube channels can also make money when they do not have many subscribers. You can start earning big bucks and building a successful YouTube channel when you create high-quality videos and try out the methods listed in this blog post.
(Disclaimer: Devdiscourse's journalists were not involved in the production of this article. The facts and opinions appearing in the article do not reflect the views of Devdiscourse and Devdiscourse does not claim any responsibility for the same.)
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