How to make money on YouTube?

Question

How to make money on YouTube?

in progress 0
WASIMALISHAH 7 days 1 Answer 15 views

Answer ( 1 )

  1. Okay, ad revenue is the most obvious way to make money on YouTube. But it’s not the only way—or, to be honest, the best way.

    (Spoiler: the best way to make money on YouTube is all the ways.)

    YouTube is half the internet: that’s 1.9 billion users logging in every month. But at the same time, 500 hours of video are uploaded to the site every minute.

    So you already know this article is not going to be about how easy it is to buy a Swiss watch with the ad revenue from your YouTube views. (Though if you have millions of views, you could probably at least rent one. Wait, don’t.)

    Read on, and we’ll lay out six ways to earn income from your YouTube channel. Namely:

    Become a YouTube Partner
    Sell your own merchandise
    Create sponsored content
    Get your fans to pay you directly
    Use crowdfunding on an ongoing or one-off basis
    License your content to the media
    And now for some step-by-step instructions for making money on YouTube.

    Bonus: Download a free guide that reveals the exact steps one creator took to gain more than 23,000,000 views on YouTube with no budget and no expensive gear.

    How to make money on YouTube
    Become a YouTube Partner
    The YouTube Partner Program is how regular YouTubers get access to special features on the platform.

    You don’t need to be a partner to make money on YouTube (just setting up an AdSense account and getting views is enough to handle that), but being a Partner makes it a lot easier.

    YouTube Partners have access to multiple income streams: not just ads, but YouTube Premium subscription fees, and features that tap your fans’ wallets directly like Super Chat, channel memberships and the merchandise shelf (more on these later.)

    Step 1. Start a channel
    Don’t worry, we have a handy guide for this. It’s called ‘How to create a YouTube channel.’

    Step 2. Make your channel successful enough that it meets the YouTube Partner Program requirements
    To join the program, you need a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

    Here are some ideas for how to get more of those precious YouTube views.

    Step 3. Set up an AdSense account
    This is simple. Just follow YouTube’s official guide to AdSense accounts.

    Step 4. Explore your new monetization features
    Each monetization channel has different eligibility requirements. For instance:

    Ad revenue: to earn ad revenue, you must be at least 18 years old, and you must create content that is advertiser-friendly. Basically, the less controversial your videos, the more YouTube advertisers will be comfortable running ads on them, and the more money you make.
    YouTube Premium revenue: if a YouTube Premium member watches your video, you get a portion of their subscription fee. (This one is automatic, which is nice.)
    Channel memberships: in order to sell channel memberships to your subscribers (i.e., your fans opt in to pay you an extra amount), you need to be at least 18 and have more than 30,000 subscribers.
    Merchandise shelf: in order to sell merch from YouTube’s merchandise shelf, you must be at least 18 years old, and have at least 10,000 subscribers.
    Super Chat payments: if you want your fans to have the ability to pay to have their messages highlighted in your live chats during your live streams, you must be at least 18 (and live in a country where the feature is offered).
    Step 5. Submit to ongoing reviews
    As a YouTube Partner, your channel will be held to a higher standard, according to YouTube. You have to follow not just the YouTube Partner Program policies, but the Community Guidelines. Not to mention staying on the right side of copyright law.

    Sell your own merchandise
    Maybe you identify as a content creator first, and entrepreneur second. (Just remember that even Drake sells t-shirts.)

    Alternately, you’re an entrepreneur first and video creator second, which means you probably already have a product, and you’re designing your YouTube marketing strategy to sell it.

    Either way, merchandise is a viable way to earn money from YouTube.

    Step 1. Imagine and design your product
    Merchandise for your channel is meant to both represent and feed your audience’s connection with you. That means your merch should be unique.

    Hawaiian YouTube star Ryan Higa launched his milk-based energy drink Ninja Melk to leverage the popularity of his viral comedy, Ninja Melk. While he also sells t-shirts and other merch from his online shop, Ninja Melk’s appeal is broad enough it has its own website.

    Pro tip: You might have more ideas for merch than you can possibly stock. So start by dipping your toes in the water with one or two items. But make sure you engage your audience in the decision-making process. Poll them as to what they want. Or build buzz by offering one-off products related to big subscriber-count milestones.

    Step 2. Source and/or build your product
    In most cases, you’ll need a manufacturer, supplier or wholesaler to make and deliver your product. Some suppliers will deliver it to you, and some will spare you the headaches of inventory, shipping and returns by handling it themselves.

    If you’re not sure where to start, check out Shopify’s how-to on the topic of finding a brick-and-mortar company to make your dream a reality.

    Step 3. Create your shop and landing page
    You’ll need a separate website to handle purchases. If you want to link it directly from your videos (and you do), refer to YouTube’s list of approved merchandise sites.

    Step 4. Enable your YouTube Partner merchandise shelf
    YouTube Partners can also use the shelf feature to sell their channel’s merchandise. If you’re eligible, follow YouTube’s instructions to enable it.

    Step 5. Promote your product in your videos
    This is where your charm comes in. Wear or use your merch in your videos. Feature viewers who have bought and are using it. (If we were on another platform, we might call this ‘user-generated content,’ or possibly ‘solid gold’)

Leave an answer