How to make money on YouTube: Five effective strategies
As the second biggest search engine in the world, YouTube offers plenty of opportunities to make money. Read on to discover five monetization strategies you can try.
Today, many people earn money from social media platforms. Some of them are well known influencers with a large following. But many more are individuals with a more modest fan-base but some clever ideas and patience.
One of the pre-requisites when it comes to earning money from social media platforms is followers. And while you need genuine people following you in order to make money, it can sometimes help to get your account started with a boost of followers – which is why there are many sites on which you can buy YouTube subscribers to help you set up your channel.
But for now, let’s focus on some ways you can make money on YouTube.
1) The YouTube Partner Program
If you want to get special access to the features of YouTube, you should join its partner program. It is not mandatory to join the program to earn money, but it does make it easier.
In this program, you will get access to video ads, premium subscription charges, super chat, merchandise, and channel memberships – all of which increase your opportunities to earn money.
To qualify for the YouTube Partner Program, you have to be “in good standing with YouTube” and have 4,000 valid public watch hours in the last 12 months, and a minimum of 1,000 subscribers. (If you are struggling with enough traffic to join the program, you can always buy YouTube subscribers.)
After making your channel successful, you can set up your AdSense account and explore monetization features like ad revenue, channel memberships, and more. The last step is to submit against ongoing reviews, so they can check the standard and community guidelines to make you eligible for the program.
2) Sell your own merchandise
The next way to make money on YouTube is to sell your merchandise. Always remember one thing if you want to earn money through YouTube: you need as many subscribers as possible. After all, the more people who watch your content, the more potential buyers you will have.
So how can you get started in selling your own merchandise? The first step is to design your product. The design should be unique and original, and your idea must appeal to a marge enough audience.
After creating your design, you will need a manufacturer or wholesaler who can create and deliver your products. You can also create your shop from which your subscribers can buy your merchandise. Do not forget to promote your products through your videos and also make sure that Your YouTube partner merchandise shelf is enabled.
3) Become an affiliate partner
You can also invest in affiliate marketing if you want to make money on YouTube. You can encourage your viewers to visit the specific brand’s page and buy products. When they will make a purchase, you will get a percentage of sales through links.
4) Motivate your subscribers to become members
YouTube has a feature where you can enable your subscribers to become a member. Your viewers will pay you for valuable extra content on your channel, which you can promote… on your channel!
While subscriptions can be lucrative, they only work if you have enough viewers, and you can offer a genuine reason why they should pay you money to watch your content. So before trying this monetization strategy it is important to come up with a plan with a strong USP and a concept of the kind of content you want to charge for – plus how you can promote it.
5) Make an AdSense account
You will need a minimum of 1,000 subscribers and views if you want to start earning money via an Adsense account. AdSense accounts help you to make money from your video views, and most YouTubers take this step to start their earning journey.
Make sure your videos follow the guidelines of copyright so you will not face any restriction issues. Copyright can demonetize your video and stop you from making money. So before making an AdSense account, read the guidelines carefully.
How can you make money from YouTube?
Many people have made money from YouTube – and some have made a LOT! There are two key requirements in order to be eligible for earning money on the platform. The first one is enough subscribers, and the second is good quality content.
In this article we have shared five ideas for ways you can make money on YouTube. Whatever approach you decide to take, it is important to have a plan, be consistent in your delivery and always follow the rules of YouTube. If you are stuck for ideas, you can always check your competitors and see what they are doing.