YouTube is one of the best places to make money with the simplest process. I admit that most YouTube creators earn up to seven to eight-digit incomes every year. Is it possible to earn money?
Yes, it’s possible without a doubt.
In this article, I will share a few strategies which I learned and explain how to make money on YouTube.
Let’s move into the topic of how do people make money on YouTube!
1. YouTube Partner Program (YPP)
One of the most effective ways to make more money on YouTube is YPP (YouTube Partner Program).
You don’t want to be a partner for making money on YouTube, but being a YouTube partner is simple to earn money a lot.
Basically, YouTube partners have a lot of ways to make money, such as doing advertisements, YouTube Premium subscriptions, Super Chat, and more.
A step-by-step guide on How to join the YouTube Partner Program
1. Start a YouTube channel
2. Make sure your channel meets YPP requirements
You should have a minimum of 1000 subscribers and 4000 watch hours in the last 12 months.
3. Create an Adsense account
4. Choose a new monetization feature such as channel membership, merchandise shelf, and Super Chat payments.
Each monetization has unique criteria requirements.
5. Submit a review (based on YouTube algorithm)
One of the powerful ways to receive six-digit money on YouTube is – sell merchandise, which means selling products (such as t-shirts, coffee mugs, and more )to your followers. You know that – YouTube has created a section just called it for a merchandise shelf.
If you’re an entrepreneur first and second is a video creator, you probably have a product, and you can design your products based on YouTube marketing strategies.
As a YouTuber, you have a huge subscriber base and then make real money by using effective marketing strategies. When you have a huge following (followers) on your account, you can get consistent income from your merch sales.
How much money can you make on YouTube? Now, we are going to see an example of successful merchandise.
PewDiePie is one of the successful YouTube stars who make a solid income from YouTube. PewDiePie, whose recent merch sales are launched, and it sold out within a minute. His subscriber base is 105 Million followers, and his annual income via merchandise is $6.83 million every year.
How To Expand Your Earnings by Merchandise on YouTube?
- You have huge subscribers in your channel
- Build a tagline
- Price it reasonably
- Use limited edition merch
- Give offers to your loyal subscribers
3. Create sponsored content
Working with sponsored content is a perfect way to increase your earnings on YouTube. When you have a huge audience (subscribers) or viewership (views) count on your videos, brands will approach to make content with product placements. Most of the brands give extreme pay if your content is quality which helps to achieve their business goals and maximize their brand reach on YouTube by getting huge engagement results. By using influencer marketing techniques, your channel will promote quickly and get high-level popularity.
If you want to become a successful influencer on YouTube, you have to analyze your competitors. You can find more opportunities in industries such as makeup, beauty than you did in several industries.
Basically, the advertising companies paid a certain amount to co-work with your YouTube channel. The amount will vary depending on the quality & popularity of your videos. You know that “sponsored content” called “sponsor” is advertising. Remember that all the advertisements are based on Google’s Ad Policies.
How to Make Extreme Earnings With Sponsorships on YouTube?
- Increase your subscriber’s growth
- Make high-quality videos that are helpful to your target audience
- Enhance your product reviews (attract the users mostly)
- Give offer when the consumers contacted
- Request more products along with less payment
4. Affiliate Marketing
Affiliate marketing means when you publish other company products or services. If someone buys these products through your link, you will get a commission from the required brand.
Affiliate marketing is the biggest idea if you have a huge following in your social networks. Top marketing companies don’t depend on their channels for making promotion and content distribution. They search top YouTube channels with a strong fanbase and frequently pay them to market their products or services.
That’s why this type of marketing helps several marketers to boost their potential and get high revenue on YouTube. Even if you have a small following list, you can make money on this platform and use an effective marketing strategy.
Here is a great example:
Graham Stephen is one of the successful YouTuber. He earns money via affiliate marketing links to cameras, recording equipment, etc. He leaves the affiliate link in their description section; when users click, it directs the product page.
How To Make Money With YouTube Affiliate Marketing?
- Add effective keywords in your title and description (use VidIQ or TubeBuddy)
- Put affiliate marketing links in your video description
- Pin the comment at the top of affiliate links
- Refer to affiliate links in videos (like promotional)
5. Sell Products with Live Streams
It’s a fantastic way to earn money from your YouTube channel to sell your products or services on YouTube live streams.
What is YouTube Live Stream?
YouTube Live is one of the ways to communicate with your followers in real-time. You can use this feature for multiple options such as make events, conduct webinars, teaching classes, and workshops, etc. YouTube creators can live stream on YouTube via mobile, webcam, or encoder streaming.
This kind of monetization process works well in popular categories such as beauty, fashion, etc. Even you can create your own products and sell them to your fans. You can make an ebook, digital course, or whatever that your viewers would appreciate. You can also use the live streams to sell your products on Etsy, Walmart, Poshmark if you have a shop.
Additionally, if you have an outside business, you can use your YouTube channel to generate sales and lead your products.
Here is a great example: Moriah is one of the famous YouTubers, and she has more than 6.16 million subscribers. She uses YouTube live streams to sell her products and merch in promotional content to build hype for new collections.
6. Use Patreon with YouTube
Patreon is an effective online platform that offers creators and artists to share their work with “paying audiences.” As a YouTuber, you can use these Patreon to add your audience’s power and earn more money with your YouTube videos.
You can get more income for your work by creating a Patreon account and then releasing exclusive content. Patreon works in the same way as YouTube Memberships, except that you can customize your own prices and decide how you want to charge for your content. It’s really a good platform that focuses on crowdfunding, and also, if you have engaged your target audience, it can be a successful method to generate revenue.
Here is an example of creating a Patreon account. The East Family owner Shawn Johnson is an Olympic gymnast and offers Patreon memberships that range from $2/month for ad-free videos, $100/month for personalized merchandise, and a credit as a producer.
How to Make Money From Patreon?
- Create an exclusive content
- Push viewers towards the platform
- keep your subscribers engaged
- Offer tiers of Patreon memberships
7. Use YouTube For Making a Blog
YouTube is a fantastic platform to create and promote your brand among the audience. You can also create a separate fanbase for your channel, lead a lot of conversation, and generate business revenue. According to a recent study, YouTube is the second largest search engine platform, and more than 2 billion active users use YouTube.
YouTube gives a huge opportunity to promote your brand in front of your loyal audience. You can create a blog for your brand, which helps connect with your audience on a deeper level through the mail and so on.
Top-level brands are using separate YouTube channels and make videos frequently. They shoot YouTube videos, transcribe to their blog, and format them as blog posts.
In this case, they bring more YouTube subscribers to their website to improve their brand presence.
90% of consumers say that they have discovered new products on YouTube (Organic & advertisement). This is the ultimate reason for creating a blog for your brand and getting fame within a time.
How To Make Money Via Personal Brand on YouTube?
- Attract more viewers and convert them into subscribers
- Push your viewers and audience to your website
- Get more audience retention from mail (add your website link)
- Know your audience’s needs and sell the products related to them.
Now you get more information about how to make money on YouTube. The above-mentioned ways are perfect for earning money from various businesses. This business type is completely suited for college students, homemakers, and those seeking an online job.
Learn all processes completely, and you can start building your audience growth on this lucrative platform. “Money makes anything in the world.”