YouTube is an amazing platform that has a lot of potential for connecting and educating people.
On the other end of the YouTube spectrum, hosts on YouTube known as “Creators” also have a huge potential for making money.
If you are associated with content creation on YouTube or if you are interested in starting a channel, you need to read this guide very carefully.
We have compiled several strategies that will help you make money on YouTube.
You need to have firm belief in your abilities and you should know how to use the platform smartly and you can also rule the YouTube game.
Here are some of the most important strategies for getting paid on YouTube:
1. Join YouTube Partner Program
Joining the YouTube Partner Program and setting up monetization is a very important step if you are serious about earning money from YouTube.
You need to agree with all the terms and conditions of the Partner program and live in a country where the Partner program is available.
To apply for monetization you need to have 1000 subscribers and 4000 watch hours in the last year.
Here’s how you can get paid on YouTube by utilizing monetization:
- Sign in to access the account that you seek to monetize
- Click on “Your account” (the right top corner)
- Go into the “YouTube Studio” section
- Select Other Features> Monetization (left menu)
- Read and agree to YouTube Partner Program terms
- Create a new Google AdSense account or link the one you already have to your personal or business channel (AdSense is required to get paid)
- Choose the preferences for monetization.
And that’s it.
Now your account is monetized and based on your viewers engagement level, you will get paid on YouTube.
Make sure you follow the YouTube thumbnail template to make your channel more accessible and watchable for the audience.
2. Sell Merchandise
Selling products to make money on YouTube is another great idea. There are countless good products that you can start selling on your YouTube Channel to generate revenue.
Some examples of products that are popular on YouTube include snapbacks, t-shirts, mugs, children’s toys, cell phone accessories and customized merchandise.
If you are not interested in packing and dispatching parcels, you can also consider dropshipping on your channel.
By selling Merchandise you increase your exposure on YouTube and enhance public awareness about your product.
3. Crowdfunding Your Next Project
If money is the only thing standing between your idea and its execution, crowdfunding can be the answer that you are looking for.
Whether you need better equipment, covering production costs or hiring actors you can use your own audience and crowdfunding community to pitch in.
If you are serious about crowdfunding, you should make sure that your pitch is both exciting and rewarding to your audience.
4. License Your Content
If you have a special talent for making viral videos with mass appeal you have the perfect answer to how you can earn money through YouTube.
Licensing your content is a great way to earn good money.
Online news websites, morning shows, news outlets and other creators might reach out to you to use your video on their show.
5. Work with Other Brands as an Influencer
Influencer marketing is becoming more and more popular and countless brands are enlisting the help of influencers to impact the audience.
As a creator, this presents a huge opportunity for you as you can earn a lot of money.
This creates a massive opportunity for you as a creator if you can negotiate the right deals on your journey of how to earn money from YouTube.
The key when partnering on brand-sponsorship is to remain transparent with your audience.
Always communicate with your audience and let them know why you are promoting a specific product and let them know how this product adds value in their lives.
6. Consider Affiliate Marketing
The process of promoting a product and receiving a commission in return is known as Affiliate marketing.
You can become an affiliate marketer for any company and include their products in your videos on YouTube.
One important thing to remember here is that you should disclose your arrangement to your audience beforehand.
Becoming an affiliate marketer makes most sense if you are already associated with reviewing products on your YouTube channel.
As you can see from the above-mentioned methods, YouTube is a potential goldmine that you can reap if you apply yourself correctly.
Being smart and playing to your strengths is very important when it comes to making money on YouTube.
Always follow the terms and conditions of YouTube to make sure that your channel doesn’t run the risk of getting blocked by YouTube.