By now, you already know that making money on YouTube is possible. But do you know how to? In this comprehensive guide, we will teach you everything you need to know about generating revenue from your videos.
The growing Youtube community has paved the way for creators worldwide to use the platform to share their abilities and entertain their viewers. From simple lifestyle vlogging to extreme and adventurous videos, name it, and it’s all there. Youtube has become famous because of this and because it is income generating, especially for those who have millions of subscribers.
But still, whether you have a large or small audience, there are several ways for you to make money on YouTube. We’ll cover everything from advertising and sponsorships to merchandise and crowdfunding. So, whether you’re just starting or looking for new ways to monetize your channel, this guide has covered you!
How do you get Paid on Youtube?
Where to Start
In actuality, there are many ways to make it through Youtube and not just only by gaining millions of youtube subscribers. But still, that’s the goal.
Let’s take a look at the few things you can do to earn money as a Youtuber, including:
- Apply for the YouTube Partner Program
- Make Money on Youtube with Ads
- Partnership with Brands and Sponsoring Clients
- Youtube Selling Merchandise, Digital Products, and Services
- Make Money through Youtube Premium
Apply for the YouTube Partner Program
The first step in making money on Youtube is to join the YouTube Partner Program. The Youtube Partner Program is how regular YouTubers access the unique feature on Youtube, including YouTube Premium subscription fees, Super Chat, channel memberships, and the merchandise shelf, which we will discuss further below.
And although you do not need to be a partner to make money, this makes it much more manageable. To qualify for this, you need at least 4000 watch hours and 1000 subscribers before applying.
Moreover, you’ll be paid once your balance reaches $100. How do you achieve that? Well, it takes approximately 1,000 video views to earn $4 from those viewers who saw ads. So, you would need 25,000 video views to make $100 through those ads.
So if you haven’t hit those numbers yet, keep working! Once your application is approved, you’ll be able to run ads on your videos and start making money.
Make Money on Youtube with Ads
This is probably the most common way that YouTubers make money. When you become a YouTube partner, you are automatically eligible to run ads on your videos.
You can either run pre-roll ads, which appear before the video starts, or mid-roll ads, which appear in the middle of the video. You will get paid based on the number of views your video receives.
Further, the amount you make per view varies depending on several factors, including the length, the type of ad, and the category of your video.
On average, YouTubers earn $0.01 to $0.03 per view. So if you have a video with a million views, you could make anywhere from $10000 to $300000 just from the ads. The more people watch your videos and ads, the more you earn. Looks simple? Not really. Just keep pushing!
Partnership with Brands and Sponsoring Clients
Another way to make money on Youtube is by partnering with brands and sponsoring clients. This usually happens when a company contacts a YouTuber directly and asks if they would like to promote their product or service in a video.
In digital marketing, brands usually ask influencers and vloggers for a sponsorship deal. They either offer you an X-dead or a paid one.
In an X-deal, the brand gives you their product or service for free in exchange for a mention or review in your video. Meanwhile, in a paid sponsorship, on the other hand, the brand delivers you a certain amount of money to promote their product or service in your video. The amount usually depends on your number of subscribers and viewers.
Now, if you get this type of offer, you can choose how to do it depending on the contract. You will either mention the product at the beginning of the video, show it being used throughout it, and then talk about it again at the end.
Another way to show sponsorship is by including a link to the product in the video’s description box so that viewers can buy it if they’re interested. YouTubers usually charge brands and clients based on factors like the size of their audience, the engagement rate of their videos, and the length of the video.
For example, a YouTuber with a million subscribers and high engagement rates could charge $5000 for a one-minute video featuring a product. But a YouTuber with a smaller audience might only charge $500 for the same video. So it varies depending on the YouTuber.
Youtube Selling Merchandise, Digital Products, and Services
A great way to sell yourself, your service, and your channel is through merchandise. And yes, many YouTubers also make money by selling merchandise, digital products, and services. This could include physical products like t-shirts and mugs to digital products like e-books and courses.
You can sell these items through your website or a third-party platform like Etsy or Shopify. YouTubers usually promote their merchandise in their videos and include links where viewers can buy it in the description box.
Some YouTubers also offer services like coaching or consulting, which viewers can pay for through platforms like PayPal or Venmo. So, if you have a skill or knowledge that you think others would be willing to pay for, this could be a great way to make money on Youtube!
Make Money through Youtube Premium
Youtube Premium is one of the newest features the platform recently released. This is another way to make money on the platform because Youtube Premium is a paid subscription service that allows viewers to watch the videos without ads.
YouTubers who are part of the Youtube Partner Program can choose to make their videos available through Youtube Premium. And when viewers pay to watch these videos, YouTubers will get a percentage of the revenue.
So if you have high youtube views and engagement rates, Youtube Premium could be a great way to make money from your videos!
Earn more Audience and Views
The last way to make money on Youtube is by growing your audience and getting more views. This could involve optimizing your videos for SEO, promoting your videos on social media, or running ads. As you grow your audience and get more views, you’ll be able to start making money from your videos through the other methods we’ve mentioned.
Q: Do I need many subscribers to make money on Youtube?
A: No, you don’t need a ton of subscribers to make money on Youtube. There are many ways to do this, even if you have a small following.
Q: How much money can I make on Youtube?
A: This varies depending on several factors, like the size of your audience, the engagement rate of your videos, and the length of the video.
Q: What are some of the ways I can make money on Youtube?
A: There are a few different ways to make money on Youtube. This includes selling merchandise, digital products, and services, being a part of Youtube Premium, or growing your audience and getting more views.
As you can see, there are several ways to make money on Youtube – even if you don’t have a considerable following. So if you’re looking to earn some extra cash from your videos, keep these methods in mind! Ready to make some money?