How To Make Money On YouTube
YouTube stars of today are no less in comparison than celebrities, to be more specific- self-made celebrities. They have impressed people all around the globe and have earned a massive audience by creating realistic content geared towards various paths that include teaching, reviewing, entertaining, and being popular on the internet. So, want to start a new channel and make a living from YouTube? Here are effective ways to know how to make money on youtube.
Most of these Youtube celebs have devised innovative ways to answer the question of how to earn money on youtube. However, making money might not be the sole reason for starting your youtube channel. Yet, the opportunities you get to earn are a pleasant surprise once you realize how easy and how many of them there are. Below are some answers to how to make money on youtube.
Who makes the most money on YouTube?
According to a worldwide survey conducted by Forbes, these 10 channels were the top profit earners on YouTube from the timescale of June 2017 to June 2018:
- Ryan’s world$22 million (around 22.4 million subscribers)
- Jake Paul, $21.5 million (about 19.7 million subscribers)
- Dude Perfect, $20 million (approximately 47.1 million subscribers)
- DANTDM, $18.5 million
- Jeffree Star, $18 million
How do you make money from YouTube?
First things first, YouTube channels can be monetized even if they don’t possess millions of subscribers under their wing. Your earnings aren’t determined by the number of subscribers and views you have. But by the level of engagement, you generate in addition. Also, certain factors like the niche you cater to, and the revenue channels you explore play an essential part. Similar to learning how to generate revenue on Instagram or using blogging. Your audience might get to unlock the earning potential of your Youtube channel.
Luckily, there are certain ways to accomplish this. Hence, some of the tips on how to earn money on youtube include:
- Earn sufficient profit from Youtube ads
- Sell various kinds of products or merchandise
- Use crowdfunding in your ensuing projects
- Let your audience support you with fan funding
- Earn sufficient profit from ads and join the Youtube partner program
The first revenue stream you are most likely to explore is ads. Creating videos or generating content may be your option to choose, but joining the YouTube Partners Program and channelizing your monetization is a crucial step. You can apply for monetization from your channel once you hit the milestone of 1,000 subscribers
How to channelize monetization from YouTube?
- Sign in to the YouTube account you want to generate profit.
- Click on the icon that is a symbol for your account in the top right corner.
- Find and click on YouTube Studio.
- In the left side menu, select Other Features and then move to monetization.
The number of views you get doesn’t play a factor in the revenue you earned. If your video reaches up to thousands of views yet no one watches the ad, you won’t make any profit. It is due to YouTube’s criteria for billing their advertisers: a viewer must click watch the full-length ad for you to get paid.
Check out YouTube Premium
YouTube Premium is a new paid membership program that allows viewers to watch and support their favorite content creators on Youtube without ads. It is an easy way for creators to make money on youtube. The process does not go through such changes, as they get paid for their content consumed by non-members on YouTube in addition to their content on YouTube Premium.
Creators are paid for using YouTube Premium based on how many members watch their content. Consider profit or money earned from YouTube Premium as a secondary revenue stream that acts in addition to what you’re already earning through ads on Youtube Views.
Sell products or merchandise
There are plenty of products you can opt to sell and that can help you make money from your YouTube channel. Selling popular merchandise like t-shirts, coffee mugs, snapbacks bring in a huge amount of revenue. Merchandise hikes up your exposure by showcasing your online brand and personality out into the offline world and works upon the relationship between you and your fans as they literally cater to their interest in what you are doing. Selling branded swag is pretty easier than it might seem at first.
And when it comes to handling and channelizing orders, you can design your store with services such as Oberlo or one of the other print-on-demand providers that take proper care of the shipping, fulfillment, and customer support of your product. Alternatively, you can collaborate with an existing merchandising network, such as DFTBA. However, you’ll be in the competition with other YouTubers and have less control over adding products or offering discounts and the rest of the perks that come in with owning your very own eCommerce site.
Crowdfund your ensuing creative project
When money is the only hindrance that is a barrier between an idea and its execution. Crowdfunding is a good option to opt for and to make it happen.
Maybe you need help for buying better equipment or hiring actors or wrapping up other production costs, you can always call upon your own audience or the crowdfunding community to pitch in if your idea is interesting enough.
Many successful crowdfunded creative projects follow an efficient strategy and tend to offer a kind of sneak peek or “trailer” of their upcoming project that gets viewers excited. Hence, consider shooting for a video and explaining your project or dropping a hint of what it’ll be like.
Some of the popular crowdfunding sites with a golden track record of campaigns that help you to make money from YouTubers include:
- Kickstarter: One of the best-known crowdfunding sites, it is popular for funding cool merchandise and creative projects. Be absolutely sure to set an attainable funding goal and start working towards it steadily.
- Indiegogo: A Kickstarter alternative initiative that offers a list of more flexible and easy funding ways.
Let your audience support your work with the help of “fan funding”
Exactly similar to a crowdfunding project, you can also set up your “fan funding” streams and projects to outsource donations from your audience.
As an online content creator, you’re utilizing your voice for the internet without forcing your audience to pay an admission fee. So, if you are confident that you are offering good content. Your audience might be keen on supporting you on an ongoing basis. There are many fan funding platforms that offer creators another place to yield profits from people. It is a noble way for people to discover their content and get away to engage their loyal audience and award them for their immense support.
If you decide to opt for the crowdfunding route, be sure enough to follow a couple of good tips. At first, create transparency around how the money would be spent. Second, offer engaging rewards for better pledges. The more you get your donors to believe that they’re getting something exclusive or different for being a loyal fan, the more prone you are to get donations and higher pledges and make money from Youtube.
Some popular and user-friendly fan funding options include:
- Youtube’s super chat: Super Chat is an efficient feature used when you go live on your YouTube channel. It allows you to function through a tipping jar and gives your viewers an option to donate. However much they feel like contributing during your live session. It is an efficient way to make money using youtube
- Patreon: This is another membership platform that makes it pretty easy for creators to get paid for their content. Fans can subscribe to their favorite content creators for a merge amount such as a dollar for a month and receive exclusive rewards.
Promote your offer on other platforms
Just because your content is based and hosted on YouTube doesn’t mean you cannot be opting and taking advantage of all the other distribution channels available out there.
Spread your word regarding a new campaign or discount on Twitter, Facebook, and any other social media profiles you own.
The more places your message persists, the greater the chance of it being seen. So it’s always a good and effective idea to grow your following beyond the boundaries of YouTube using the ways of social media marketing.
All of the tips and picks suggested here, help you to earn money from youtube in an efficient way. If you stick to the rules you are ought to taste success in few months of time.