YouTube is a significant video platform on the internet for watching random videos about anything.
Since the platform is so important, you may wonder how to make money on YouTube.
To make money on YouTube, you need a niche or something you will never grow tired of making videos.
Is it possible to make money on YouTube and how much do you ask?
It is all in your hands and your decision. This is not an overnight get-rich scheme, but if you apply these 7 strategies with patience, you will be one of the big-timers on the video platform and make money on YouTube.
1. Joining the Partner Program for YouTube
The first and most common way to make money on YouTube is to join the YouTube Partner Program. If you want to know how to make money on a YouTube channel and you may wonder how many views you need to make money on YouTube, you need at least 4,000 watch hours in the past 12 months and 1,000 subscribers to join.
When you become a part of the YouTube Partner Program, you can connect your channel to Google Adsense. Google Adsense will place ads on your videos, and you will get paid based on how many views your videos receive. You can make more money as your videos become more widely known to the public.
2. Make and Sell Merchandise
Selling merchandise that is made by you or others is another way of making money that is related to your channel. This could be t-shirts, phone cases, stickers, notebooks, etc. You can either create the merchandise yourself or partner up with a company that will dropship the products for you.
Once you have the merchandise, you need to promote it in your videos and tell your viewers where they can buy it. You can also set up an e-commerce store outside of YouTube and link to it in your video descriptions.
3. Sell Courses and Ebooks
If you are an expert on a certain topic, you can sell courses and e-books on platforms like Udemy and Amazon Kindle. You can promote these courses and ebooks on your YouTube channel. Use videos and drive traffic to your sales pages using annotations or cards. You will find this a passive income that works continually because once the course or ebook is created, you can sell it over and over again.
4. Become an Affiliate Marketer
When generating sales by promoting other websites or products on your YouTube channel, it becomes affiliate marketing. Sites like Clickbank and Shareasale offer the opportunity to become an affiliate marketer. The products you choose are up to you. Once you find a program that you are interested in, you can promote the products in your YouTube videos. Upon a person clicking the link set up, if they purchase the item, you will then receive a commission check.
5. Offer Consulting Services
If you have extensive knowledge of a background that helps businesses, you can offer consulting services. You can contact companies directly or you can use platforms like Clarity to connect with potential clients. Once you have a client, you can promote your consulting services through the description links below each video to direct the clients to where you need them to go.
6. Accept Donations
If you have a large and loyal following, you can accept donations from your viewers. A PayPal donate button can get set up or a Patreon page where people can support you financially. You can promote these donation opportunities in your videos or on the end screens.
7. Sell Your Own Products
If you have physical products that you are selling, get yourself an online store set up and ship the products to customers. You can promote your products in your YouTube videos and include a link to your store in the video descriptions. Get yourself a Shopify store set up and use apps like Oberlo to source products. When someone makes a purchase, you will ship the product to them and get paid for the sale.
How to Get Paid From YouTube
YouTube pays you through advertising revenue sharing. When a video is viewed in an ad by someone, you get a cut of the amount they pay. You will make more money according to the number of views your videos receive.
1. Create and upload great videos
If your videos are low-quality or don’t offer anything interesting or unique, viewers aren’t likely to stick around long or click on any ads. Invest in a good quality camera and microphone, and put some time into editing and post-production so your videos are polished and professional.
2. Use convenient keywords in descriptions and titles
When searching on YouTube for videos, people are more likely to find yours if you include relevant keywords in your title and description. This helps people find your videos when they type in the keywords, and it raises the ranking in the search engines.
3. Optimize your channel for SEO
In addition to using relevant keywords, you can further improve your chances of being found by potential viewers by optimizing your channel as a whole for SEO. This means making sure your channel page and all of your videos are properly tagged and have descriptive titles, descriptions, and thumbnails.
4. Build a large subscriber base
The number of subscribers you have is directly proportional to the amount of money you can make from YouTube. The more subscribers you have, the more people will see your videos, and the more likely they are to click on ads.
5. Engage with your viewers
If you regularly respond to comments and questions, or if you interact with viewers in other ways (such as through live chats), they’ll be more likely to watch your videos and click on ads.
6. Use annotations and end cards
Annotations are little pieces of text that you can add to your videos; they can promote other videos on your channel or link to external websites. End cards are similar to annotations, but they appear at the end of your videos instead of the beginning; they can also promote other videos or link to external websites.
7. Join a YouTube network
These networks help you connect with advertisers and other YouTubers, and they give you access to exclusive events and opportunities. Joining a YouTube network can give you a big leg up in terms of making money and getting paid to create content on YouTube.
If you’re interested in joining a community that values your contributions and where you can earn some rewards over the weekend, check out how you can help Biz-Buzz today!