YouTube videos are watched by 1 billion people every day. YouTube’s huge popularity has turned it into a popular entertainment channel that is now used to make money with youtube for businesses and personal brands.
It’s a great time now to make some money on YouTube. It is a good idea to create a website where you can upload your videos. Once that’s done, share your content via YouTube. This will increase your reach and help you make money with your fans. Here are seven ways to make money from YouTube videos.
YouTube basics of monetization
Before we start to discuss the best YouTube monetization options, we’d like to briefly explain how YouTube works.
To get started on YouTube, you need to create an account to host your videos. Uploading video content does not guarantee you make money. While you are configuring your account, make sure to enable monetization. This will open up the possibility to earn money with YouTube videos. Then you can choose the monetization strategy that works best for your YouTube videos.
You should also remember that your YouTube channel can make you money with youtube even if it has millions of subscribers. Knowing your audience and targeting them with relevant content is one of the best ways you can do this. Take a step back and imagine yourself as your subscribers or the people you would like to follow in the near future.
Engage is your next goal once you have a clear understanding of your audience. It is important to think deeply about your audience and the type of content they would like to see. Then, you need to determine what content will be most relevant to them. Finally, figure out how to encourage viewers to comment, click, or subscribe. Only then can videos be made that will succeed using the following monetization strategies.
- Some Effective Strategies to Make Money with YouTube
- 01. You can become a YouTube Partner
- 02. Sell merchandise
Some Effective Strategies to Make Money with YouTube
01. You can become a YouTube Partner
After you’ve created a YouTube channel, you can sign up for the YouTube Partner Program. You will have access to special monetization tools, such as the ability to display merchandise or serve ads.
Although it is voluntary, joining YouTube Partners gives you access and revenue opportunities, such as Premium subscription fees or a merchandise shelf. Here’s how you can become a YouTube Partner.
Step 1 – Follow the guidelines
YouTube will examine your channel to ensure compliance when you first apply to their Partner Program. This is why YouTube will review your channel for compliance with its monetization policies.
Your content will always be under constant review as you grow your channel, and begin to make money with youtube. You should always keep up to date with the most current compliance policies, even if you get accepted as a Partner.
Step 2 – Meet the YouTube Partner Program requirements
To join the program you will need to be a successful YouTuber. You must have reached 1,000 subscribers and 4,000 view hours within the last 12 months to be eligible for membership. These numbers must be met in order to apply for YouTube Partner status.
Step 3 – Apply to be a part of the program
Once you meet the required requirements, you are eligible to submit an application. The next steps are:
Navigate to the top-right of YouTube’s homepage. Click the Account icon and select Creator Studios.
Click Channel to the left. Click Channel to select Status and Features.
Click Enable below the box that reads Monetization
Accept the YouTube Partner Program Terms.
Step 4 – Set up AdSense
In order to make sure you get paid and earn money with youtube videos, you will need an AdSense account. It is possible to have only one AdSense account. However, multiple channels can be linked together.
Step 5 – Get reviewed
Once you apply to become a YouTube Partner and have set up an AdSense Account, your channel will go into a review queue. Both automated systems and human reviewers will then check that your channel is following the guidelines.
Step 6 – Explore your monetization options
Congratulations if you have been accepted by YPP. Now, it’s time to set your ad preferences up and allow monetization.
You can choose from many YouTube monetization options. However, each has its own eligibility requirements.
Advertisement revenue: You can make money with youtube by placing video, overlay, or display ads next to your content. You must be at minimum 18 years of age or have a legal guardian that agrees to pay your bills. Advertising-friendly content guidelines also apply to your content.
Channel memberships include special perks for Channel members that make recurring monthly payments. This requires you to have at least 30,000 subscribers and be at 18 years of age.
Merchandise shelf. Showcase official merchandise on watch pages for fans to peruse and buy. This option requires that you are at least 18 years old and have more than 10,000 subscribers.
Super Chat and super Stickers: Get paid to have your messages highlighted in chat stream streams. At least 18 years old, you must live in a country with Super Chat.
YouTube Premium revenue
02. Sell merchandise
A way to make some extra money with YouTube is to sell merchandise. You can sell products that you already have on other platforms. Or you can make a new collection using content from your channel. It’s far easier to make sales when your videos already have a loyal following. This is why you need to build your reputation before you produce such products.
Step 1 – Design your products
Your merchandise should represent your brand, appeal to your audience, and build a community around the channel. You should think of products that would appeal to your target audience. Check your YouTube analytics for a better understanding of the people who are interested in your content.
For example, if your channel focuses on beauty and makeup, you may want to sell branded cosmetics. For example, you might sell branded energy bars or equipment to YouTube instructors. It’s also possible to poll your audience and find out their preferences for which types of products.
Step 2: Source products and construct them
Now it is time to turn your product ideas into reality. For your product to be produced and delivered to you, you’ll need a wholesaler, manufacturer, or retailer. Dropshipping can be an option. In this case, the manufacturer or wholesaler ships the products directly.
You should avoid overstocking, no matter what method you use. Instead, limit your production to just 1-2 products. By doing this, you can gauge their popularity as well as estimate the number of people who will buy them.
Step 3 – Start an online business
Online stores are required in order to manage transactions. This will enable you to manage the entire process from fulfillment through payment processing, and much more. Your eCommerce site can help you build your brand and provide a platform for your customers to view your products.
Step 4: Enable your merchandise shelf
YouTube’s merchandise shelf is available to YouTube Partners. This allows you up to 12 products from your brand to be displayed on the video page of YouTube.
Step 5 – Promote the products through your YouTube videos
Once you have created your products and put up a website to promote them, make sure to share the news with your viewers. Find creative ways to show your merchandise to customers, such as by wearing them or using them.
End your videos by reminding people to like, subscribe and visit your site. A link to your online store should be included in the description section. This allows users to seamlessly navigate to your website and place an order.
Learn more: How to Make Money with LinkedIn