How to Make Money from YouTube?
Earning money from YouTube is no longer exclusive to select musicians or massive influencers. There are plenty of options for everyday people to make money on YouTube.
To make money from YouTube, you need to be more strategic in your approach.
It is probable to make significant income from YouTube as a content creator. It is not the easiest either. Four hundred hours of video uploads to YouTube every minute around the world.
Figures don't lie. Therefore, the competition is quite intense and it becomes more challenging to make a lot of money online. Here are some powerful strategies you can use to jump-start your YouTube earnings potential.
1. Monetization
Promoting affiliate links can provide a huge revenue opportunity for channels that offer in-depth tutorials and insightful product reviews. For example, if you recommend a product and a user visits your link to buy, you start earning a commission. You can put these links in the first few lines of your description and talk about your link in your video content.
Posting affiliate links on YouTube has a typical resemblance to promoting affiliate links on your blog. Therefore, you should not pour affiliate links all over your YouTube content just for the monetary benefit. Remember, viewers will only follow these links if they think you are a trusted source.
Help them solve concrete problems and provide tutorials to build trust with your audience. As a bonus, you can create videos that provide solutions that you have previously achieved on your own.
There are numerous affiliate programs you can participate in. You can participate in many different programs in one place on a popular affiliate network such as Shareasale.
The best step to maximize the revenue is to start a blog in conjunction with your YouTube channel and add affiliate links there as well. That way, you earn income from YouTube and also have a website on a platform that you own.
You can start your first blog with Bluehost web hosting.
2. Be a YouTube Partner and earn
For many YouTubers, advertising is the most essential revenue stream.
After becoming YouTube partner, you can earn money in different ways. You can monetize ads in front of your videos, channel memberships, or Google AdSense banner ads.
However, there are some basic rules to follow before becoming a certified YouTube partner, as well as some requirements to get started. Aside from following YouTube's ad rules, you must have accumulated a minimum of 4,000 video viewing hours on your channel and have 1,000 subscribers in the last 12 months.
There is no concrete timeline or format for getting these basic 4,000 hours. You can get 100 hours each for 40 videos or any combination to get your total to 4,000.
After you successfully hit the 4,000-hour threshold and win your seat as a YouTube partner, you can start earning from ads.
In Video Manager, a green "$" next to your videos indicates that you can now monetize YouTube.
However, you may not always be able to base your YouTube earnings on ads alone. There are other ways you can consolidate your income potential on YouTube.
3. YouTube SEO
For YouTuber who haven't yet more and significant following, step up your game and maximize YouTube SEO this year.
To do that, conduct keyword research as you usually would, but think a little differently based on what people are looking for on YouTube. Next, make sure to use quality keywords in your video title, description and video tags.
After launch, you can view your YouTube "Traffic Source: YouTube Search" report to get an idea of what people are looking for when they find your hosted videos.
4. Make YouTube a Marketing
Optimize your YouTube channel for sales. Choose your niche and become a YouTube partner and start planning your marketing on your YouTube videos.
YouTube is one way to get your message out there, but you can make more money by using YouTube along with a blog. That way, you'll collect more email addresses and end up selling products to your fans.
For example, if you're writing a blog post about an affiliate product that you recommend, reuse that content, and create a YouTube video embedded in the post.
Then send YouTube users back to your blog and to the affiliate links to both earn commissions and build blog readers.
Another great option is to connect your YouTube channel to an e-commerce platform like Shopify and sell merchandise.
5. Amazon Influencer
The Amazon influencer program is growing in popularity. The influencer program allows you to maximize your presence on YouTube and increase the possibility to make money through Amazon recommendations.
After you sign up to the program, you can rate and recommend products and direct your viewers to Amazon to buy them through affiliate links. When your viewers click through and make Amazon purchases, you get a discount on the commissions - usually 8-10%.
However, this program is not accessible to everyone. The number of followers on social media and other metrics determine the chances of approval.
6. Explore your YouTube Red
Even without ads, content creators can still make money and generate 55% of the revenue based on watch time. There are mixed reviews as to whether YouTube Red is increasing or decreasing CPM rates.
With YouTube Red, your watch time is important, so check YouTube Analytics to see your stats like watch time and video engagement.
Can I make money on YouTube without ads?
If you're not making a lot of money from advertising, there are plenty of other ways to monetize your channel. Here are some options:
1. Include affiliate links in your video descriptions to recommend products and earn commission on every sale.
2. Sell goods, t-shirts, and physical products associated with an e-commerce platform such as Shopify.
3. Sell any digital products, many subjects online courses and eBooks etc.
4. Build your audience and get YouTube brand sponsorship.
5. Use crowdfunding and ask for donations.
5. If you are an expert in your niche, sell coaching and consulting services and charge an hourly rate.
Is it hard to make money on YouTube?
Making money on YouTube is quite a challenge. First, you must have had 1,000 subscribers and 4,000 viewing hours in the last 12 months to participate in the YouTube Partner Program. Then you have to generate a lot of views and monitor your cost per view (CPV) to see how much money you earn from advertisements.
If you don't have millions of views, affiliate marketing is a great way to monetize your channel. You can rate products or provide product manuals and post affiliate links in your video description. That the way, you can make some commissions on every sale, and make more money.
I recommend starting a blog and linking it to your YouTube account. That way you can promote affiliate links on both your YouTube channel and blog and embed your videos in your blog posts to get more views.
0 comments