Notice that the title of this article is "Make Money On YouTube". By now everyone knows that the platform can be used to make money - they just want to know how to do it.
You are in the right place.
Here are 7 strategies you can use to make money on YouTube. Some, like sponsorships and advertisements, are a little more traditional. Others, like Affiliate Marketing and Super Chat Payments, are slightly more alternative alternatives.
Before we dive into the tactics, let's cover some common questions that will give you a solid foundation and more realistic expectations.
How Much Money Can You Make From YouTube?
Much. Or a little.
It depends.
Some top YouTube content creators make millions every year, while other hard-working producers make next to nothing.
Remember, just because you're building it doesn't mean they're going to come.
If you want to make decent money from YouTube ads, you need to regularly post videos that get thousands of views. Creators make an average of $ 3 to $ 5 per 1,000 video reviews. So do the math how much you want to make and work backward
Do you want to make $ 5,000 a month from YouTube ads? You need to get between 1.0 million and 1.6 million views.
Yes, that's a lot of views, but finding a niche that calls for content isn't unreasonable.
How many viewers do you need to monetize your YouTube channel?
Here, too, it depends.
If you rely on YouTube ads, you will mainly be looking at video reviews and doing the above calculations.
YouTube ads aren't the only way to monetize your channel, however. Technically, you can always make money on YouTube - regardless of how many subscribers or viewers you have. That's because there are so many ways to make money on the platform.
You could have sponsorships and endorsements, or merchandise and channel memberships. You can rely on affiliate partnerships or crowdfunding. Better still, you could use all of these tactics to make money on YouTube.
How To Make Money On YouTube
Here are 7 surefire ways you can make money on YouTube. Don't focus on just one method of making money - try them all:
- YouTube ads
- Memberships
- Great chat payment
- Products and services
- Sponsored content
- Affiliate marketing
- subscription
As you diversify your YouTube income, make sure that no policy changes or algorithm mix-ups weigh on your monthly earnings.
For example, YouTube ads can get you a boatload of cash for a while, but your results could stall overnight if the algorithm makes an awkward change. However, if you also do merchandise and offer memberships, you will continue to make money even if your viewership may take some time to recover.
1. YouTube ads
As mentioned earlier, YouTube ads can make you an average of $ 3 to $ 5 per 1,000 video reviews.
Remember, this is an average. You are mainly paid based on the number of impressions (clicks and plays) your videos get. However, YouTube doesn't display an ad every time someone clicks your video.
While you don't get paid per video view, knowing what counts as a view on YouTube is helpful.
Your channel can also earn money with YouTube Premium members. Premium members don't need to watch ads, but that doesn't mean their viewer numbers will be ignored when calculating your income.
You make money when a YouTube Premium member watches your videos. This even includes the time members spend watching download videos. This includes videos that are playing in the background on cell phones, such as when a member is playing music through YouTube videos.
Your content must be "ad-friendly" to qualify for YouTube's advertising program. This ensures that advertisers market their customers with appropriate videos.
YouTube lists the most important topics that are classified as "not ad-friendly". Some topics are:
- Inappropriate language
- violence
- Adult content
- Firearms related content
- Drug-related content
- Controversial issues
- Sensitive events
You won't get paid until your Google AdSense account makes $ 100. So you need to be patient in the early days of your channel. Don't fixate yourself on that number just yet, however.
From the get-go, focus on developing quality content, finding a niche, meeting needs, and getting your name out there. Do that and the revenue will follow.
2. Memberships
Take viewers and subscribers to the next level with memberships. With this strategy, you have several options:
- YouTube Channel Memberships: Viewers pay a monthly subscription for member-only perks such as custom emojis, exclusive badges, and member-only live streams.
- Third-Party Memberships: Followers join your membership program on another website like Patreon or Tribe to unlock member-only content, private communities, and discounts.
First, let's take a look at YouTube channel memberships.
- YouTube channel memberships
Your channel needs at least 1,000 subscribers to qualify for channel membership on YouTube. Once you have that, you can activate the memberships in your YouTube Studio.
When approaching membership options, start with the right mindset. Programs that start with the mindset “How can I make money with my community” versus “How can I add value to my biggest fans” almost always fail.
Find a membership fee that is commensurate with the perks. If you're only selling badges and emojis, it's probably not worth $ 10 a month. However, unlocking exclusive content and access to weekly live streams for members only is very valuable.
- Third-Party Memberships
Third-party memberships allow you to get a little more creative with your options. You're not limited to YouTube's channel membership guidelines and guidelines.
You can host your memberships on popular community sites like Patreon and Tribe. Creator content fans are already familiar with these platforms and likely already have an account and preferential payment.
Think about how you can provide bonus benefits without taking too much additional time and energy on your part.
For example, Nate Hills is a mountain bike influencer on YouTube. He publishes elaborate cuts of himself and his buddies bombing crazy trails through the western states in short 7- to 10-minute clips. Fans can join his Patreon membership to unlock advanced cuts, early releases, ad-free videos, and stickers.
3. Super chat payment
4. Products and Services
5. Sponsored Content
6. Affiliate Marketing
7. Subscription
- Prompt viewers to subscribe: Remind your viewers to subscribe. People can stumble upon your video, enjoy the content, and jump to the next video in the list - this is how most people use YouTube. Before people click on the next video, ask them to subscribe so they can enjoy more of your great content.
- Convert followers on other channels: if you already have followers on Instagram, Twitter, or email lists, convert them to YouTube. Ask your followers to subscribe to your YouTube channel so they don't miss out on your video content.
- Reply to comments: Interact with your community. When someone leaves a comment, take the time to provide a thoughtful response. As your audience grows, you can't do this for everyone. However, in the early days, make sure everyone gets an answer.
- Teasing Other Content: Sometimes viewers need to watch multiple videos before subscribing to a channel. Tease other videos to get your audience to consume your content. The longer they stay, the more likely they are to convert.
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