Many people have fantasized about making money on YouTube. After all, YouTubers look to enjoy a wonderful life and are surrounded by their fans’ devotion. And, since starting a YouTube channel is now easier than ever, there’s no harm in dreaming big and setting lofty goals.
However, while setting up a YouTube channel is simple, making money from it is not. You might make your first hundred bucks by selling something or obtaining a sponsorship contract, but to maximize your earnings, you must first understand all of your possibilities.
This article has been written to walk you through all of the information you’ll need to know about how to make money on YouTube. You’ll know how to generate money on YouTube by the end of this article, and you’ll be able to grow your own business using one of the world’s largest Internet platforms. It’s time to call your own shots.
Can You Make Money on YouTube?
Yes, to put it succinctly. It is being done by tens of thousands of people. Not all of them, by the way, have millions of subscribers. YouTube isn’t only a numbers game, contrary to common assumption; your earning potential is also determined by the niche you target, the quality of engagement you generate, and the revenue streams you use. That’s not to suggest that subscribers and views aren’t vital; check out our simple YouTube tips for increased views.
Do You Get Paid for Uploading Videos on YouTube?
YouTube does not compensate creators for their work. In addition, the videos aren’t automatically monetized. To begin making money on YouTube, go to your account settings and turn on monetization. Joining YouTube’s Partner Program or having your videos featured on YouTube Premium are two options available to you (more on this later).
Related: How to Make Money on TikTok in 2022- 11 Uncommon Ways
How to Make Money From YouTube
You might be wondering how to make money from YouTube if you’ve been seeking new opportunities to earn money. You can start earning on the site in a variety of methods, most of which focus on making engaging video content. Here are a few of the most popular YouTube revenue streams:
1. Join the YouTube Partner Program
If you’ve been thinking about how to make money on YouTube, you should be familiar with the YouTube partner program and how it works. Content providers on YouTube won’t be allowed to monetize their videos unless they’ve been accepted into the YouTube partner program.
Your YouTube channel will be considered to join the Partner program if it has 1,000 subscribers and 4,000 public views. This implies that you won’t be able to make any money until you’ve reached these figures, so keep creating content and expanding your channel’s reach. Once you’ve met the program’s requirements, you can apply for monetization.
How to enable monetization on YouTube:
- Log in to the YouTube account you intend to monetize.
- Click your account’s icon in the top right corner, then click YouTube Studio.
- From the left-hand menu, choose Other Features > Monetization.
- Go through the Partner Program terms and click agree.
- Connect an existing AdSense account or create a new one for your channel.
- Define your monetization preferences.
Return to the dashboard and click the Analytics tab on the left after completing these instructions. Select Revenue from the top of the next screen, then scroll down until you see the chart Monthly Estimated Revenue. The graph will show you how much money you may expect to make each month.
How many views do you need to make money on YouTube?
Your YouTube profits are unrelated to the number of views your videos receive. You won’t make any money if you receive thousands of views but no one clicks on your advertising or consumes your content.
YouTube even has criteria for compensating publishers who run ads on their channel: for you to receive money, a viewer must click the ad or watch it in its complete.
However, there is some good news for anyone interested in learning how to make money on YouTube: You are no longer exclusively dependent on ads for income. Programs like YouTube Premium now exist to help you make money without ad clicks or consumption.
2. Get Featured on YouTube Premium
Aside from channel commercials, how do you generate money on YouTube? The answer is YouTube Premium.
YouTube Premium is a premium subscription service that allows users to watch videos without advertisements. Creators don’t have to do anything since when YouTube Premium subscribers watch their videos, they’ll immediately earn a second money source.
The majority of the cash earned by Premium membership fees will go to creators, same as it does under YouTube’s monetization policies for advertising-based revenue (total revenue distribution is based on how many Premium members watch your content).
Premium customers will also be able to download and watch their videos offline, as well as play them in the background, increasing their watch time.
3. Offer Channel Memberships
When your YouTube channel reaches 30,000 subscribers, you can use channel memberships to generate additional revenue. Fans pay $4.99 per month for a membership package that offers benefits such as early access to videos, members-only live chat, special emojis, and more. Through special members-only badges, members will be emphasized in comments, live chat, and the Community page.
Because audiences are well aware of how difficult it may be to capture a YouTube creator’s attention, offering channel memberships make sense. And there you have it: another way to generate money from YouTube.
Pro tip: Use your videos to remind viewers that by clicking the “Join” button on your page, they can become exclusive members.
4. Endorse Affiliate Products in Your Videos
Businesses are fully aware of the potential of YouTube channels with a large following, and they are constantly looking for ways to use it to expand their own.
Once you’ve built up a sizable following on the site, businesses will most likely approach you and ask you to market their items in exchange for money. Consider becoming a brand’s affiliate and incorporating product placements into your videos. To extend your affiliate network, you may also join prominent affiliate programs.
It can be a good way to supplement your income, but be cautious because viewers are fully aware when anything is being sold.
Pro tip: Only promote products that you think will be valuable for your audience, and disclose the partnership to your viewers — that’ll help you comply with YouTube’s policies.
5. Monetize Live Streams via Super Chat
Super Chat is a new technique to generate money on YouTube that has gained a lot of traction. The function allows your audience to purchase standout chat messages and, in some cases, pin them to the top of a live stream’s comments section. So, when you go live on YouTube, you can monetize your stream with Super Chat.
Super Chat’s YouTube monetization rates range from $1 to $500, with the company taking a 30% part of the money. Anyone interested in learning how to make money with YouTube Super Chat should arrange and promote live streams.
Promote them in videos, on other social media sites, and anyplace else your target audience frequents.
6. Become a YouTube Influencer
With influencer marketing on the rise, there’s a big opportunity for you as a creator to get in on the action.
But where do you start? According to YouTube marketing expert and influencer Brendan Gahan, creators should establish a flat fee by taking the number of views their videos typically receive and multiplying it by 15 cents per view.
Digital marketing agency WebFX listed the following figures for how much YouTube influencers can expect to earn:
- $20,000 per video for a creator with a million subscribers
- $2,000 per video for a creator with 100,000 subscribers
- $200 per video for a creator with 10,000 subscribers
The key to earning more is to partner with brands whose products are valuable to your audiences.
Here are some influencer marketplaces for being discovered by potential partners:
- Channel Pages – Partner with brands as well as other YouTubers
- Grapevine Logic – Requires just 1,000 followers to join
Some influencer marketing platforms will connect you with big brands willing to pay high, while others will get you free products. Agree to opportunities that best suit your needs.
7. Lead Viewers to Your Products
It doesn’t matter if you already have an eCommerce business or are just learning how to make money on YouTube, promoting your products on your channel is a terrific idea. You can advertise the things in both your videos and descriptions, which is a terrific method to increase website traffic.
If you don’t currently have a store, Shopify can help you get one up and running quickly. Once your store is up and running, you may offer whatever products make sense to advertise to your audience, whether it’s merch, stuff you’ve mentioned in your videos, or just items you believe your viewers will be interested in.
How to Make Money From YouTube Videos
If you’ve been wondering how to make money from YouTube videos that you post, there are a few great tips that you’ll need to keep in mind when you’re creating content.
1. Try to Make Your Videos 10+ Minutes Long
You’ll have a better chance of making more money through ad income if you make videos for YouTube that are longer than 10 minutes. Longer YouTube videos will likely have a higher watch duration, which will increase the amount of ad income generated by those videos. Additionally, videos with a longer average watch time will display higher in YouTube’s search results, increasing the likelihood that visitors will see your material.
2. Collaborate With Other YouTubers
Collaboration with other YouTubers is one strategy for making money from YouTube videos. This is an excellent strategy for expanding your YouTube presence, adding original content to your channel, and exposing your work to a larger audience. Do some research on YouTubers who are active in your niche and contact them with a great video idea – they’ll almost certainly be interested in working together.
3. Create Engaging and Informative Content
This is critical to your YouTube channel’s success. YouTube users are constantly on the lookout for videos that will entertain them or provide them with useful information. If you can deliver such video content to your audience, they will be more inclined to view the entire video and return for more video content in the future.
Pro tip: Look at your YouTube stats to determine which demographic is watching your videos the most. As a result, you’ll have a better understanding of what kind of material to create. If you notice that your films are more popular with Gen Z, for example, you may incorporate a couple of their favorite slang words into your videos.
4. Make the Most of Your Descriptions
Another good way to get money from YouTube videos is to include descriptions. They assist users in discovering your material and deciding whether or not to watch it. Follow the age-old journalistic writing strategy when producing descriptions for your videos: start with the most evident points and work your way down to the less important ones. Also, attempt to describe what viewers will benefit from viewing the complete video and at least a few of their pain points (pain points motivate people to click!). Finally, select language that your target audience will understand and connect with.
5. Build Your Following With Consistent Posting
It’s a good idea to post content on your YouTube channel on a regular basis. Your viewers will stay interested in your channel if you provide a consistent stream of material. This implies they’ll be far more aware of your internet presence and the assets associated with it, such as your eCommerce store.
How to Make Money on YouTube Without Making Videos
Re-purposing other people’s content is a way to make money on YouTube without making videos. Many people are unaware that YouTube includes a collection of videos with a “Creative Commons license.”
Some types of licenses allow you to monetize other people’s videos by hosting them on your channel. If you find a film that is licensed under the CC-BY license, for example, you can use it and even modify it to represent your own ideas. Here I wrote about other ways you can make money on youtube without making videos
Related: How to Make Money on YouTube without Making Videos
How to Get Paid on YouTube?
Anyone interested in learning how to make money on YouTube may also be interested in learning how to get paid on YouTube. To collect payments from the company, you will need to set up a few things, as far as I know.
To begin, create a Google AdSense account using your Gmail ID, and then choose between wire transfer, Western Union Quick Cash, EFT (electronic money transfer), SEPA (Single Euro Payments Area), and cheques as your payment method.
Depending on your location, you may also be required to provide tax information when setting up your AdSense account. After you’ve set up AdSense, you can request payment once you’ve reached the minimum payment level. The table below shows the threshold value for each currency as calculated by Google.
Since Google never issues payments for less than the above thresholds, you won’t be able to choose a form of payment until your earnings have reached the stated amount in your local currency.
How to Make Money From YouTube Despite The Competition
Remember that you won’t be competing primarily with other entrepreneurs for traffic and revenue when investigating how to make money using YouTube. There will also be full-time YouTubers competing for your audience’s attention.
It’s critical to remember this when developing content for your channel. Create intriguing video thumbnails and titles to stand out from the crowd. Remember that YouTube is mostly a visual medium, so nailing these will help you attract more people to watch your videos.
Your content’s audio and video quality can potentially make or break your success. Your video content must be of good quality if you want to portray your brand in a positive, professional manner.
You can also beat the competition by taking advantage of YouTube SEO. Creating SEO content for your video descriptions is a great way to generate organic traffic for your YouTube channel.
Frequently Asked Questions About Earning Money from YouTube
When do you start making money on YouTube?
As soon as you’ve been accepted into the Partner Program, you’ll be able to monetize your YouTube account. Prior to that, you might try to secure sponsorships from companies that pay content providers to produce high-quality material. If you own an eCommerce company, you may start making money on YouTube the day you sign up by promoting your products on the network. Just let people know ahead of time that you’ll be exhibiting your products and providing links on your channel.
How many subscribers do you need to make money on YouTube?
You need 1,000 subscribers to apply for the YouTube Partner Program, which allows you to monetize your channel and earn revenue from ads.
How many YouTube views do I need to make $100?
Several factors determine how much you can earn from YouTube. Video creators get paid per click on in-video and banner ads. So you could get 10,000 views or 10,000 views and make $100. It depends on how relevant the ads are to your audience and whether they click or ignore them.
How much money does 1 million YouTube views make?
According to the earnings data collected by Business Insider, a video creator with 1 million YouTube views will net between $3,400 and $40,000.