With more than 200 million active users, YouTube is one of the most popular video platforms in the world. Whether you’re looking to promote your brand, sell products, or simply upload home movies for friends and family to watch, there’s a good chance you’ll find what you’re looking for on YouTube. In this blog post, however, we will be discussing the topic of making money on YouTube specifically. Because if there’s anything that creators worry about above all else it’s keeping their content relevant and monetizable so they can continue to make new videos without fear of running out of ideas. After all, creating videos requires time and money – two things that many vloggers don’t have in abundance.
What is Making Money on YouTube?
If you’ve been watching a few YouTube tutorial channels, you’ve probably noticed that a lot of them make a significant amount of money from their videos. You’ve probably also wondered if this is something that you can do too. After all, with so many creators posting content on the platform, there’s a bigger chance of your content getting noticed by a larger audience and garnering a lot of interest. So can the money be made on YouTube? The honest answer is that it entirely depends on the kind of content you make and how you go about monetizing it. In this section we’ll be going through all the different ways you can make money on YouTube, from sponsored videos to selling your merchandise, from generating revenue from your channel to earning money from collaborations. We’ll take a look at the pros and cons of each method so you can decide for yourself if it’s something that you want to try out.
The Different Ways to Make Money on YouTube
There are quite a few ways to monetize your YouTube videos, and we’re not just talking about ads either. With so many options it can be a little overwhelming at first, but don’t worry, we’re here to break it all down for you.
- Adverts: The oldest and most widely used monetization method on YouTube. Advertisers pay to promote their products and services in your video and earn money when someone clicks on their ad and buys the product/service. – Sponsorships: A less intrusive way of monetizing your videos that still allows you to keep your brand relatively anonymous. You’ll be paid when viewers click on certain merchandise/content sponsors’ ads and buy the item.
- Affiliates: Earn money when your YouTube subscribers click on link ads or make purchases after watching your videos. You’ll have to manually approve each affiliate offer before it goes live.
- Merch: Merchandising your videos is one of the fastest ways to make money on YouTube. You can create T-shirts, hoodies, mugs, and all kinds of other merchandise that you can use to make money from your fans.
- YT-Empire: This is one of the newer monetization methods on the platform and is based on a crowdfunding concept. You can create a crowdfunding campaign and ask your fans to donate money to support your content creation.
Help You Can Use to Make Money on YouTube
- Create a Business Plan: If you want to get serious about making money on YouTube, you’re going to need a business plan. While this might sound a bit extreme, it’s an important thing to have in place before you start posting videos. This will help you to know where you’re heading and to map out a schedule for your content creation. It’ll also give you an idea of how much you need to start with and help you to get a rough estimate of how much money you can expect to make in the future.
- Get Approved for Advertisers: While there are a lot of options when it comes to making money on YouTube, not all of them are accessible to everyone. If you want to start monetizing your videos you’re going to need to apply and get approved by an advertiser. This will take time and effort on your part, but it’s worth it if you want to make money on YouTube.
- Create Your Affiliate Links: Affiliates are a great way to make money on YouTube, but you’ll need to create your links to avoid copyright issues. You can also use these links to make money by directing fans to purchase the products you’re linking to from Amazon.
- Create Your Merch: Creating your merchandise is another great way to make money on YouTube. You can either create T-shirts, mugs, and other kinds of merchandise that you can use to sell on your channel.
- Create Your YT-Empire Campaign: Creating your YT-Empire campaign is another great way to make money on YouTube. You can create crowdfunding campaigns and ask your fans to donate money to support your content creation.
- Create Your Courses: Creating your courses is one of the most popular ways to make money on YouTube. You can create online video courses and charge people a monthly subscription fee to learn new skills or get new information.
- Sell Your Products: Selling your products is another popular way to make money on YouTube. You can use your videos to promote the products you use daily and earn a small amount of money each time someone buys them.
- Write Your Articles: If you have a knack for writing articles, you can also earn money by doing this on YouTube. All you have to do is create custom articles and sell them to people as a monthly subscription. You can also sell your articles on third-party sites such as Flippa or ethics.
Where to Start if You Want to Make Money on YouTube
- Apply to Advertisers: Before you start posting YouTube videos you’re going to need to get approved by an advertiser. This will take time and effort on your part, but it’s worth it if you want to make money on YouTube.
- Build Your Channel: Before you even start thinking about monetization, you need to build a channel that has enough subscribers so that you can consistently generate views and earn revenue from YouTube. You can buy YouTube comments, subscribers, and likes.
- Get Professional Help: With so many options when it comes to making money on YouTube, most new creators struggle to find the best monetization method. This is why you must get professional help when it comes to monetizing your videos.
- Get Your Content Listed on Other Video Platforms: Since YouTube isn’t the only game in town when it comes to video monetization, you should also be looking to get your content listed on other video platforms where you can potentially earn money.
- Keep an Eye on the Competition: One of the biggest mistakes new content creators make when it comes time to monetize their content is taking their competitors for granted. Make sure that you keep an eye on the competitors in your niche, as well as other verticals because you never know when you’ll find a way to outdo them.
Where Does YouTube’s Revenue Come From?
Advertiser-funded ads: If you’re making videos and attracting an audience, there’s a good chance that you’ll find a way to monetize it. The only thing that you need to be careful about is not trying to do too many things because it can be hard to keep track of everything that needs to be done. Google and YouTube make money off the ads that are shown on your videos and in other places across the internet.
- Paid Content: You can also earn money by selling or licensing your videos or music.
- Affiliate Sales: You can also earn money by using your videos to promote products, such as hosting a giveaway where people can enter to win a prize.
- Merch Sales: You can also earn money by selling your merchandise, such as T-shirts, hoodies, and mugs.
- YT-Empire: You can also earn money by creating crowdfunding campaigns and asking fans to donate money to support your content creation.
Making money on YouTube isn’t impossible, but it does require a lot of effort and dedication. It’s also important to remember that it’s going to take a lot of time before you can begin to see any real money coming in. So don’t rush into things and try to jump the gun. Instead, take your time and make sure that you want to make money on YouTube before you start posting content.