Since YouTube continues to expand and more users join the network, so do the chances to make money and earn a passive income, if not a full-time life, from it. In other to benefit from this growth, I'm going to show you how to make money on YouTube in 8 profitable ways.
In this article, I have tips on 9 easiest ways to make money on YouTube that aren't niche-specific. Meaning that you can use any of these avenues to make money and achieve new goals, regardless of what your YouTube videos are about.
There are no mandatory number of subscribers needed (with the exception of YouTube Ads), and some of these strategies will pull in thousands of dollars without getting millions of views.
First and foremost, you're still always curious about how to make money on YouTube. Before we go much farther, you should be aware of the following:
Diversifying your revenue sources is the perfect way to monetize a YouTube channel.
This implies using more than one of these methods to make money on YouTube. This gives you peace of mind if one of your income streams stops producing revenue because you'll always have the other income streams to fall back on as you expand your channel.
Use as many of these services as you can to boost your YouTube profits while it is also supplying you with peace of mind as it present to you multiple revenue streams at the same time.
Let's get down to business: Below are the ways to make money on YouTube:
1) Make money by joining YouTube partner program:
One of the most widely known ways to make money on YouTube is through the YouTube Partner Program. However, YouTube has made updates in recent years that include a minimum number of subscribers (1000) and watch time (4000 hours per year) for you to enable advertising on your channel.
While these figures is very difficult to achieve by beginners, it may be discouraging to work so hard towards something without getting rewards or payoff. Many YouTube video creators have given up on their platforms as a result of this.
However, I believe that this is a mistake, because YouTube Advertising is one of the least successful monetization options available. Many channels pay between $1 and $2 for 1000 views, while the majority of the other options I will discuss pays much more.
So, why is this included? Oh, it's the most popular approach people think of when discussing YouTube monetization for their channel, and they're always led to believe it's the only option. That isn't the case.
But, because I mentioned diversifying the revenue sources, and every dollar counts, how do you make the most of the YouTube Partner Program? (supposing your account has reached the above thresholds)
Make the content more family-friendly.
Improve the marketing by focusing on high-value keywords (Use Google AdWords for free).
Copyrighted songs should be avoided.
Mid-roll advertisements are a good idea, but don't go overboard.
2) Sell product through YouTube:
People are always overwhelmed by the prospect of selling their own goods on YouTube. You're just an online presence, so you're about to be forced to send goods all over the world!
Calm down; you can conveniently sell a wide range of products to your audiences through the internet. These are known as digital products, and they can range from anything as simple as an eBook to something much more complex, such as any software or app you've developed.
Photo presets and video LUTs are a clear example of a common digital product that is frequently featured on YouTube (and Instagram). These devices allow users to achieve the same color and tone effects as shown by the sellers.
Nowadays that digital products can vary greatly depending on the target audience, they can also be incredibly easy to make. If you add value to your audience, you'll have a good product.
In a nutshell, digital products are perfect because after you've completed the initial work, file-sharing/marketplace platforms take care of the rest.
You can equally use YouTube to sell physical product through merchandise networks to meet your orders. Which means that after you've gotten a buyer to make an order, the manufacturer can send straight to your customer, saving you the difficulty of handling the products.
3) Use your YouTube channel to promote your services:
Services have the advantage of allowing you to charge a premium for your time. The disadvantage is that you are exchanging your time for money, and there are just so many hours in a day.
This can be a good way to boost your income to a full-time job, but scaling up can be difficult because you won't be able to extend your maximum working hours, and the fee you receive will inevitably exceed a limit.
This isn't to suggest you shouldn't sell services; they may be a lucrative source of revenue, but there are a few things to remember. Another advantage of services is that they are also the quickest way to earn a full-time paycheck while you are exchanging your talents and time for near-instant rewards.
Teaching, such as consultations, one-on-one courses, seminars, and so on, are several examples of services that YouTubers charge for. Others, such as wedding photography and video editing, can also be effective.
4) Make money on YouTube selling Affiliate Products:
Affiliate marketing is one of the most famous (and sometimes really misunderstood) ways to make money with a YouTube channel.
What comes to mind when you think about affiliate marketing and YouTube?
Yes, Amazon, you are right.
What many people don't know is that referring to Amazon goods isn't the only way to benefit from affiliate marketing. (Don't get me wrong: Amazon is fantastic...)
People always tell me that they can't do affiliate marketing because they can't find items to refer to on Amazon for their niche. So I inquire as to what other affiliates they have checked, and the most common response is that they have not.
You can now become an affiliate with virtually any organization and receive far higher commissions than you can on Amazon because affiliate marketing is so large. Courses, services, tours, restaurants, and airlines, among other things. Some affiliates will pay up to 50% commissions, which means that if anyone orders a product for $100, you'll get $50 just for directing them to it.
Many affiliates in the service and courses niche pay 20-40% commissions, which is also a significant amount as opposed to Amazon's average commission of 3%.
Look at providers in your niche, or better yet, what services do you use and do they provide an affiliate program? Just recommend things that you are familiar with and would recommend even though you weren't being compensated.
Just go to Google search, type the business name you're searching for, followed by the word "affiliate." If the company has an affiliate program, the link may be one of the first to appear.
5) Make money on YouTube by creating a course:
Perhaps there is something you're really good at and can educate anyone about on your YouTube channel? You should probably convert it into an interesting online course and promote it on your YouTube channel.
Courses are really a perfect way to monetize the channel because, apart from the occasional upgrade, they're a very passive source of income once they've been produced. To raise your revenue, what you have to do is increase the number of viewers on your channel or the conversion rate of your course.
There are several options for hosting an online course, but Teachable is my (and many others') preference. You can build custom landing pages, upload footage, downloadable documents, and quizzes, as well as set your pricing and start get started.
You can make almost anything when it comes to courses. From beginner photography, vegan cooking, and how to make an iOS app to more niche topics like how to raise animals and cultivate fruit trees, there's something for everybody.
All of these has been proven to make thousands of dollars for YouTube creators
6) Make money by driving traffic to your website or blog:
Whenever it comes to advertising, YouTube advertisements aren't the only choice.
Another option is to advertise on your own website or blog, which may be much more effective.
This is something we will see a lot more of in the future, especially as YouTube advertising become more limited. The advantage is that You have control of the platform where your advertisements are being displayed.
You may use Google AdSense or another ad provider to advertise on your own website. I suggest moving to a premium ad network like MediaVine (50,000 sessions needed). You'll be offered a better rate in return per 1000 views if you use a paid ad network.
For eg, you could earn $2-5 per 1000 page views with Google AdSense, while you could earn $10-40 per 1000 page views with Mediavine.
When compared to standard YouTube Ads, this is a huge improvement.
Incentivizing YouTube users to visit the new website is one of the easiest ways to get them there. This implies that you should provide them with a compelling reason to visit your website. This may imply that you can have half of the value on YouTube and then leave a link to the remaining value on your website in the video summary (and first comment).More info, free guides, walkthroughs, or more videos on the website may all be examples of added value.
7) Make money on YouTube by publishing sponsored videos:
Sponsored videos is another common way to earn money on YouTube. Brands and companies are willing to pay you hundreds, if not thousands, of dollars to advertise their business in one of your videos, depending on the size and quality of your audience.
You'll state that the video is sponsored somewhere near the beginning, and then you'll talk about the business for a minute or two in the centre, explaining why you recommend them to your audience. (Never promote a company that you don't feel like recommending.)
One disadvantage is that in order to make decent money from sponsored video, you actually need a sizable following (5000+ subscribers). This isn't always the case, particularly if you're in a very small market with a target audience for a specific industry, but you'll almost always need at least a few thousand subscribers to see decent Sponsored video revenue.
8) Make money on YouTube with Channel Memberships:
Once your YouTube channel reaches 30,000 viewers, you can use channel memberships to generate additional revenue. Fans spend $4.99 a month for a subscription plan that offers benefits such as early access to content, members-only live chat, exclusive emojis, and more.
With special members-only badges, members will be highlighted in comments, live chat, and the Community tab. Since fans are well aware of how difficult it can be to get a YouTube creator's attention, offering channel memberships makes sense. And there you have it: another great way to raise money from YouTube.
Note: Use your videos to remind users that by pressing the "Join" button on your website, they will become an exclusive member.
Can you make money on youtube without making videos? Yes you can. Lets discuss it below.
How to Make Money on YouTube Without Making Videos
Reusing other people's videos is the only way to make money on YouTube without making videos. Many people are unaware that YouTube has a catalog of videos that are licensed under the "Creative Commons" license, which allows you to publish and monetize other people's videos on your channel.
For instance, any video that you see published under the CC-BY license, you can use it and even modify it to represent your own ideas.
In conclusion
In this article, I have listed 8 most profitable way on how to make money on YouTube. So If you've been thinking about how to earn money from YouTube, I hope this article has answered your question. Don't forget to share this article.
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