Every day, a whopping five billion YouTube videos are viewed worldwide. YouTube’s popularity continues to surge with users spending around 40 minutes per session on the platform.
Moreover, two-thirds of potential customers research products or services by watching YouTube videos.
As the digital revolution continues to sweep across the globe, you should take this opportunity to capitalize and learn how to monetize your YouTube channel.
With only a few simple components, you can kickstart your journey on YouTube! All that’s needed is an adequate video editing program and a computer.
It’s no mystery why everyone wishes to be part of the lucrative YouTube community when you consider how much money YouTubers make.
YouTube can be a goldmine of profitability for anyone, and it’s no longer just the domain of prominent musicians, well-known entrepreneurs, or social media superstars.
Everyday people have the incredible potential to make a lucrative income from YouTube!
Ready to unlock your financial potential from YouTube? Try out these powerful tactics and start earning today!
1. The Power of Monetization Using Affiliate Links
If you are creating content, such as tutorials and reviews of products, then affiliate marketing can be an incredibly lucrative revenue stream.
So as soon as someone buys an item after clicking on your affiliate link, you start earning commissions instantly.
By introducing your link in the opening lines of its description and mentioning it throughout your video content, you can generate greater traffic to this page.
Promoting affiliate links on YouTube is similar to promoting these same links on a blog.
Bear in mind that viewers will only click on the links you provide when they trust and see value in your content.
You can easily establish trust with your viewers and acquire more subscribers by aiding them in solving real problems and creating tutorial videos.
There is a multitude of affiliate programs for you to join, allowing you to maximize your earnings potential.
Sign up with an affiliate network like Shareasale or Impact and instantly have access to a plethora of different programs in one convenient location.
Many top affiliates create a blog in conjunction with your YouTube channel and include affiliate links on it as well. This way, you can benefit from both platforms while leveraging each other’s strengths.
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Here’s how to begin:
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2. Monetize Your Videos with Ads
Ad revenue is an essential source of income for countless content creators on YouTube.
Being a YouTube Partner gives you the chance to make money in more ways than one.
You can make money in three different ways, such as ads that appear prior to displaying your videos, subscriptions from channel memberships, and even Google AdSense banner advertisements.
In order to become a certified YouTube Partner, there are certain criteria and guidelines that must be followed. Before you can begin your journey as a partner, it is important that these prerequisites are met.
It’s essential to obey the platform’s advertisement policies in addition to accumulating at least 4,000 video watch hours over the span of 12 months and obtaining 1,000 subscribers.
You can get 50 hours each on 80 YouTube videos to achieve a total of 4,000 hours or any other combination.
I have personally witnessed brand new channels on YouTube that have hit this threshold in under three months, however, these newcomers usually upload on a daily basis and create excellent thumbnails.
Link your AdSense account to your YouTube channel and start getting paid!
After you meet the qualifications for an AdSense Account, you can then start your application process! Your AdSense Account is the way you will monetize your YouTube content through ads, so it’s important that you take your time and answer all of the questions correctly when you create one. Doing this ensures that everything goes smoothly and as planned from start to finish.
Take Advantage of Your New Monetization Opportunities!
If you made it to this point, congratulations on becoming a part of the YouTube Partner Program! Now, it’s time to start monetizing your channel and begin earning money.
- Ad Revenue: You need to turn video ads on in YouTube to start generating ad revenue. Do this and you will be giving yourself the opportunity to get paid for your hard work. Ads that appear alongside your videos guarantee you monetization. Pay close attention to your CPM metrics; this is an essential step to understanding how much YouTube pays you and, ultimately, the amount of revenue that can be generated with more views.
- YouTube Red (Premium) Revenue: Every time a YouTube premium account views your videos, you’ll get rewarded with a fraction of their subscription fee! This is a passive income stream that requires no additional effort on your part.
- Channel Memberships: When you hit the 1,000 subscriber mark, you can start to offer exclusive memberships for your loyal followers! With Channel Memberships, you can monetize your exclusive content by charging a monthly fee for viewers to access it. Moreover, you can offer additional rewards to those who join and stay at the different tiers of your memberships.
- Launch Your Merchandise Shelf: After you reach 10,000 it’s time to launch a merchandise shelf on YouTube and give your fans something special! By leveraging this feature, you can easily transform your channel into an eCommerce store within minutes and promote merchandise underneath your videos.
- Super Chat and Super Sticker: With interactive elements such as “super chats” and “super stickers,” viewers are able to pay for their messages to be highlighted in your live streams. This allows them the opportunity to gain more visibility and make sure you see what they have sent! Again, to take advantage of this opportunity, make sure your channel has at least 1,000 subscribers.
Nonetheless, solely relying on YouTube advertising to generate revenue may not always be a viable option.
3. Leveraging Funding from Your YouTube Fans
Patreon is the perfect platform for creators to maximize success and get paid faster with its streamlined approach to crowdfunding.
One of the best ways to make money through Patreon is to create content that your audience will want to support. Whether you’re making videos, posting music, writing books, or creating artwork, there are plenty of ways to monetize your creative output. When planning what kind of content you want to make, it’s important to consider two key factors: what your audience will be willing to pay for and how much work you’re able to put into it.
Once you have an idea of what kind of content you would like to create, it’s time to set up a Patreon page. On the platform, you can offer exclusive content tiers from as little as 1 dollar a month to several hundred dollars per month.
Both for-profit and nonprofit organizations are now utilizing fan funding to support their video production endeavors in order to ensure a consistent output of content.
Utilizing content that is stimulating, entertaining, or of value has the potential to unlock a generous financial wave of support from viewers. Surprising as it may be, by delivering engaging and beneficial material you will reap unexpected rewards!
4. Maximize Your Reach with YouTube SEO
If you’re a video creator and haven’t had much success in building your subs up, you must buckle down now to maximize your YouTube Search Engine Optimization (SEO) this year! This will be the key factor for gaining traction and recognition.
To accomplish this, conduct keyword research as you normally would; however, consider the specific searches people make on YouTube when doing so.
To get the most reach and engagement, be sure to use keywords that are relevant and have high value in your video title, description, and tags.
Once your videos are live, you can view the “Traffic Source: YouTube search” report to get an idea of what viewers are searching for when they discover your videos. This way, you’ll be able to better determine how best to optimize and refine future video projects!
To optimize your YouTube SEO rankings, there are five essential factors to consider:
- Number of comments
- Subscribes after watching a video
- Number of Likes vs Dislikes
- Video length
- Click-through-rate on the YouTube search results
In YouTube search results, the fundamentals of SEO such as creating compelling content and using optimized keywords in Titles and tags hold true. Every minute more videos are being uploaded to YouTube than all other video platforms combined!
Applying YouTube SEO to your videos is much easier than you may think – simply follow this simple checklist and watch your viewers skyrocket!
- Incorporating long-tail keywords into the titles
- Leverage longtail keywords in your video descriptions
- Create eye-catching thumbnails that instantly grab the attention of viewers and make them want to watch your video!
- Maximize your video reach by tagging it with keyword-rich phrases
- Utilize relevant keywords & search terms throughout your profile
- Get people to comment on the video by asking them a question
Saving time and effort are of the utmost importance. Fortunately, using TubeBuddy can make your job simpler and more efficient.
Maximize the potential of YouTube by forming strategic partnerships and collaborating with relevant influencers!
Utilizing the power of collaborations with other popular content creators on YouTube can be an extremely effective way to draw more viewers and gain traction for your own channel. Working together allows both creators to benefit from a larger audience, leading to increased viewership on both channels.
To make the most out of this option, be sure to pick an influencer that is highly relevant and has a significant number of followers. Ideally, their following should exceed or at least match yours – only then can you maximize your potential gains!
Search for potential partners on YouTube by looking for YouTubers that have a comparable channel to yours.
Take your search for potential collaborators to the next level by Googling: “your keyword” + “collaborate.”
An excellent way to build brand awareness and grow your channel is by doing shout-outs for popular channels in exchange for them promoting your own after you have built up at least a small audience for yourself.
By forming meaningful relationships with other content creators, you have the potential to draw in fans who may not have been aware of your channel before.
5. Join the Amazon Influencer Program
The Amazon influencer program is gaining immense popularity among YouTube creators.
With this influencer program, you have the opportunity to leverage your YouTube (and other social media platforms) presence in order to generate revenue through Amazon affiliate marketing.
By joining the program, you can review and recommend products to your viewers with convenient affiliate links that direct them straight to Amazon!
With Amazon Associates, you get the chance to earn 8-10% commission on every purchase your viewers make when they click through your Amazon affiliate link.
Not only does Amazon allow you to review products, but it also gives content creators the opportunity to market and sell their own merchandise. By doing this, it ensures that sellers receive all of the proceeds from each sale made.
Source: amazon.com
By benefiting from Amazon’s affiliate program, you can monetize your audience without having to manage a single transaction.
Be aware that this program isn’t available to everyone.
Amazon’s influencer marketing programs are largely determined by your social media follower count and other relevant metrics.
6. Partner with Sponsorships
Maximize your earning potential with sponsorships! As you build an audience and extend viewership, companies will recognize the value of what you are doing and come to you to create videos that incorporate their products.
It’s a great way to not only make money but also establish relationships with established brands.
Brands are willing to pay handsomely for high-quality videos that achieve their business goals, and the trend of influencer marketing on YouTube is booming!
If you’re an aspiring YouTube influencer aiming to build financial stability through sponsorships, it’s essential to bear in mind that some topics yield more sponsorship opportunities than others.
As a prime example, industries such as makeup and beauty provide far more opportunities than many other industries. Be rest assured however that anything with a market has sponsorship opportunities.
The secret to succeeding in this area is using your channel to demonstrate your expertise and proficiency to potential sponsors.
Make money with your channel by advertising yourself for paid opportunities and creating videos for brands. Increase income further through memberships on your channel to generate an even higher return!
This indirect monetization strategy is highly effective and will help you maximize profits from your YouTube presence.
This form of direct promotion is akin to affiliate marketing, yet with an important distinction.
Advertising companies are eager to partner with your YouTube channel and will provide you with a fixed monetary compensation for doing so.
The fee you charge depends on the quality of your videos, and how well-known they become to your target audience. As more people recognize and appreciate them, so too will the money you earn from creating them!
Always ensure you are being transparent when creating sponsored content for your YouTube channel. It is vital to disclose any such associations in order to maintain the trust of your viewers.
Following Google’s Ad Policies for your Adsense account is key to avoiding issues such as suspension or even termination of your accounts. Make sure you take the time to read through them and abide by all rules.
Maximum Revenues Through Sponsorship Opportunities
- Creating high-quality videos that are thorough and beneficial for viewers
- To create a buzz create unpaid reviews at first
- When presented with an offer, always negotiate and request a 50% payment upfront
- Request additional products to review if possible
7. Create an Online Course
An excellent opportunity to generate income on YouTube is by producing and selling a digital course. If you can provide indispensable knowledge to your followers, they will be eager to purchase your course in order to uncover all of the ways that you can help them better their lives.
From physical and mental well-being to professional development and educational curricula, you can impart a variety of topics to your students – such as fitness, health, digital marketing, etc.
Many YouTube channels are doing this successfully, including Jeff Nippard, a well-known entrepreneur who is also a multi-millionaire.
He leverages his videos to captivate the public’s attention, which in turn drives a nice inflow of traffic to his online training programs that teach people about fitness, and weight lifting and also has some diet stuff in there as well.
How does he leverage YouTube views to make sales for his courses?
By adding his courses to the video descriptions with an irresistible call to action, he can compel viewers into action, eventually leading them to purchase his courses.
YouTube is an amazing platform where you can make a substantial income through selling courses. To reach your viewers and gain their trust, you must craft content that is high-quality, innovative, and provides tremendous value.
Ultimately, no one will be interested in purchasing a course if they feel like the content is unoriginal and rehashed from multiple other sources.
Maximize Your Profits on YouTube With Paid Courses!
- Include course links within your description for maximum visibility
- Reference the course in videos periodically
- Utilizing YouTube cards is an effective way to help promote your course, but don’t overdo it
How Much Money Can You Make on YouTube?
The answer is that it really varies on different factors. Generally speaking, the bigger your audience is the more money you can make. As far as ads alone are concerned, with 20,000 daily views and a click-through rate (CTR) at 50%, you are looking at earning somewhere between $10,000 to $18,000 each year (give or take)!
Unlock your video’s full potential by leveraging ad monetization, affiliate links, and sponsored placements. With this approach, you can maximize the income opportunities available to you!
The average YouTuber earns a lucrative $7.60 for every 1,000 views with the cost per impression (CPM)!
According to Google’s policy, creators reap the majority of earnings that originate from advertisements–a generous 55%. The remaining 45% is kept by Google.
As an affiliate marketer, you will be aware that advertisers pay out using different models—cost per sale or cost per lead. You can potentially make a lot more with this method than with YouTube ads.
Here, your profits are directly proportional to the number of conversions and sales commissions you receive from advertisers.
Sponsorships for YouTube channels can come with a sizable reward – from $20 to $50 per every few thousand views. It’s an excellent way to make extra income while doing something you love!
So that means if a video on your channel accumulates millions of views, you could be pocketing a significant sum – from an estimated $20,000 to $50,000.
And that’s it! You now have all the basics for monetizing your YouTube account. I’m confident these ideas suit anyone looking to make money on this platform.
Make Money on YouTube – Final Thoughts
I know this might sound a little corny or cliche but if you focus on helping others then the money will follow you. In other words, look past the money and just focus on being productive in your video creation and giving others value. When you do this you will become a money magnet when you apply the tips above.
Now you are well-equipped with the knowledge to succeed, take immediate action and begin expanding your following on this rewarding platform.
Do you have any other ideas on how to monetize YouTube? Let me know in the comments section below – I’m all ears!
