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How To Make Money on YouTube:
15 Effective Ways to Skyrocket Your Earnings
How Much Money Can You Make on YouTube?
You did not start a YouTube channel simply for nothing. But now that you have a few videos nicely made, you may be wondering how to make money on Youtube. Well here are 15 effective ways to skyrocket your earnings on YouTube
But wait for a second, How much can you make on YouTube? The correct answer is that it depends on your effort and your devotion.
But know one thing for sure, you can make a decent living on YouTube if you are willing to do the needed work.
You can start as a side hustle and gradually take it from there. But whatever you want to do. This article will take you from being a novice to making your first dollar.
Now, if you’re ready, let’s begin. But first. Let us talk about the necessary tools needed to make money on YouTube, as well as the tips to help you scale your business,
Tips and Tools To Help You Make More Money With Your YoutTube Videos
First, here are 6 things to help you skyrocket your YouTube earnings faster:
- You must set aside the time to put together your content.
- And you will have to stick to the plan.
- Get video editing training.
- You don’t need to have expensive gadgets to start YouTube.
- Be consistent with what you do.
- Get feedback from your audience.
There could be more to this, but these six five will get you going.
Let us talk about the tools you need to monetize your YouTube channel
- Computer
- Camera
- Webcam
- External microphone.
- Camera remote. (optional)
- Gimbal or tripod stabilizer.
- You need a space to shoot your video.
- And in some cases, you need good lighting.
- Video and audio editing software.
- And then you need SEO tools.,
- Youtube Atosuggerst
- Tools for keyword research: Keywordtool io
- Ahrefs keyword explorer
- Rank tracker
- Google Trends
- AnswerThePublic
- videolQ Vission for Youtube will provide you with the best video tags
- RapidTags generate tons of tags that are related to your niche or topic
Become a YouTube partner
First, you will need to meet the requirements to be a YouTube partner.
Below are a few things you need to meet up with.
- You need to live in a country that is eligible to participate in the partner program.
- You also need to have no active community guideline strikes or bans on your channel.
- Public watch hours need to be more than 4000 for the last 12 months.
- Your active subscriber base should be more than 1000.
If you have met those criteria, you are more than ready to monetize your channel.
What is the cost of becoming a YouTube partner?
It costs $0.00. That means it is free once you meet up with the requirements. However. This is optional if you want to become a YouTube partner.
What, then, is the benefit of becoming a YouTube partner?
Here are some of them.
- You have more access to resources and monetization features.
- It gives you access to revenue sharing.
- You don’t have to stay on YouTube though to make money. You can upload your content across other networks while keeping the monetization advantage. Awesome, isn’t it?
- You are exposed to a worldwide audience giving you a broader reach
- Once you upload original content you retain all copyright and distribution rights.
- You can customize your content just the way you want.
So the question now is, what is holding you back from becoming a YouTube partner if you meet all of the above conditions?
Before you jump into clicking the monetization button, there are a few more things you need to pay attention to as this will make the difference between success and failure.
what is holding you back from becoming a YouTube partner?
Check your analytics
To excel on YouTube. You need to pay closer attention to your analytics.
You don’t have to go crazy with this, but to start you need to be aware of your channel’s performance.
Your subscriber, gender, location, the intent of your viewers, and so on.
So in a simple sentence, you pay attention to Views, watch time subscribers, and the estimated revenue
But how do you get all this information?
Here’s how to do it.
- Sign in to YouTube studio.
- From the left menu, select analytic.
- Find the report you would like to download and click on it.
- Make any necessary adjustments you would like to see in the reports.
- Choose your preferred method or format.
The next option with YouTube monetization is outside of YouTube.
Market your videos elsewhere
Another area to make money with YouTube is to market your videos elsewhere.
Or in other words, you need to promote your YouTube channel in different other places and make your videos available on other platforms.
This will create greater chances of exposure to your work.
- First, you have to create a video marketing strategy.
- Find your target audience.
- Find out the stories you want to tell or the type of videos you would be making.
- For instance. Is your video based on ‘how to’, is it on affiliate marketing? Make money online? Is it a video targeted at single moms?
- Whatever your video is, look out for your audience where they hang out and tap the traffic, you can start from Facebook
If your video is a course seek out those who need the information you provide and market to them.
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Promotion of YouTube channel externally
- The first place to promote YouTube channels is on social media.
- You may choose to run paid ads.
- Twit your video
- Post the link to your videos on Instagram.
- If you have a website, make sure you post your videos on your website too.
- Do not forget the power of using Facebook to get what you want.
Below are some platforms to sell your video outside of YouTube:
- PATREON
- Uscreen
- Thinkific
- Wistia
So you see, outside of YouTube, you have several other places to sell your video. Be sure to include enough promotion in your video. That is one way of ensuring your videos get the exposure they deserve es.
If you do not have the time it takes for the above methods of YouTube monetization, you may want to go for AdSense.
Set up Google AdSense
If you already have a decent following on your YouTube channel. The next step is to set up Google AdSense.
But why should you do that? If you add AdSense to your channel, you will have instant and automatic access to a huge source of advertiser demand.
Adsence will guarantee a good measure of competition for your ad space, meaning that you will not have to do a lot of leg work to get adverts running, Google will do it for you.
You stand the chance of getting relevant ads across all your videos.
Adsense helps you make money even while you sleep.
It has the same requirement.
Here are the steps
- The first thing you do is to create and link your AdSense accounts.
- If you don’t have one already, head over to AdSense and create one.
- Then sign into YouTube studio.
- Select the monetization tab.
- Click start on the sign-up for the AdSense card.
- You may need to re-enter your account password and you’re authentication when required.
- If you have multiple Google accounts, at this stage you have to choose the one you need for AdSense.
If you already have AdSense associated with a Google account. It’s better to use that.
If everything goes well, you will have your AdSense up and running in no time.
Google recommends that you verify that your e-mail address is correct at the top of the page. Otherwise, click on use a different account.
At this stage, you will normally be redirected to your YouTube studio. And then your account will be subject to approval. Sit back and wait a couple of days.
In your channel account, you will see a confirmation showing you if you are approved or not.
Add content to your channel
To be truly successful with YouTube you need to keep adding content. Your audience will keep coming back for more if they are convinced that you have new things to share, nobody wants to see the same thing repeatedly.
Unless it is a tutorial they will have to revert to now and then, they will be bored of coming and look the other way to your competitors.
Make sure you post engaging content. Make quality videos.
If you own a website with quality articles, convert those to videos.
I have articles that are two or three thousand words that I convert to videos and they are driving quite good traffic to my channel.
You can check out these AI tools that easily convert your articles to youtube videos in a matter of seconds:
- Invideo
- Articlevideorobot is paid service that turns your articles into videos without any editing skills needed, With the service, you can either write your own articles or use their built-in article search engine to generate great videos
To achieve this, you need to pay attention to the following:
- the subject of your video,
- the purpose of the video,
- the target audience,
- And then the script.
When using storytelling in your videos, make sure it is relevant to the topic under discussion.
Engagement: Try to engage your viewers in the first few seconds of your video. They should be able to discern after a few seconds of watching your introduction if the video is what they want
Be very informative. Within the first few seconds of your video, your audience should be able to know what they are aiming for. Are you telling the same old stories?
Are there things that have happened since your last video that may impact their experience at this time?
Give thought to the information you are sharing with your followers and present it enticingly and engagingly.
They’ll probably click the back button if after four or five seconds they do not understand where you are taking your video to. So those first few seconds are a good mine.
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Crowdfund Your Projects
Crowdfunding is a major way to monetize YouTube videos.
Get a shout-out: One of the best ways to do this is to ask other Youtubers for a shout-out.
Ask them to say something good about your video on their channel. And of course, you can help them in return.
Your Pitch: If you have a pitch. Make it your channel trailer. At least for the duration of the crowdfunding.
Post regularly during the duration of the crowdfunding: But make sure not to post more than once a day, so that you do not overwhelm your followers. Remember, consistency is the key to a successful campaign.
Link in the description: You have your description, make sure to put a link to where you want your visitors to go
Start A Paid Membership Program
A paid membership program is a broad topic for another day But I’m going to try as much as possible to run you through it in an as simple way as possible.
You should have thousands of loyal subscribers and fans by now. And you have quality content that people would like to gain access to.
Here is how paid membership works, you develop a good YouTube channel with thousands of followers, and your content is top-notch that your audience would not mind parting with a few bucks to keep receiving those awesome content.
You only have to restrict access to certain videos and make them exclusive to only the premium members of your channel.
If you offer your quality tutorial, you can choose to grant access to paid members who would have the opportunity to ask questions.
Or it may be to grant access to bonus content, Live chat, exclusive live stream, loyalty bodies, and custom emojis.
The list goes on.
But how do you qualify for channel membership?
- First, you must be part of the YouTube partner program.
- You must have at least 1000 subscribers.
- And you must be an eligible country.
- And you must agree to all your two terms and conditions.
Become An Affiliate And Review Products
If you have built enough authority with your YouTube channel you should monetize it as an affiliate.
But how does affiliate marketing work with Youtube channels?
Almost the same way affiliate marketing works traditionally but if you need help with getting started with affiliate marketing, then go check out this article on How to figure it out in the affiliate marketing business
This process simply involves including links to products you either use or review in your channels and of course it has a tracking technology to make sure you get a reward for all the references you make in your videos.
When your followers are impressed with what you have to offer and click on any of these affiliate links, they are redirected to the product page and if any sales happen or if any other type of the desired action by the product owner happens, you get a reward.
Sometimes, it might be to download an app, sign up for a newsletter, maybe carry out a survey, or even make a purchase. All of these are part of the actions your followers might take to bring you some commission.
But to go into this as I’ve mentioned earlier there are some statistics you need to be aware of:
YouTube has more than 2 billion monthly active users, more than 5 billion videos are being watched, thousands of hours of videos are uploaded each minute and a good percentage of all businesses are active on YouTube.
So you see there are great opportunities for you as an affiliate marketer with YouTube channels.
Of course, before you can monetize with affiliate links you need to find affiliates to join. A go-to place for affiliate marketing is Amazon Associates, they are by far the most popular and successful affiliate marketing platform.
Now you need to choose how to monetize with affiliates, are you going for influencer blogs, reviews, and much more?
Just to be clear it is difficult to promote something you do not believe in or something you may not be convinced that it works.
But if on the other hand, you have tried the product out and you truly believe in it or you have tried and tested it that it works, then your job as an affiliate becomes easier because you will speak and write with a level of moral conviction.
For instance, there are tools I used to research this topic, there are tools I used to optimize for the SEO in this article, and on my websites, I use some awesome plugins, most of which are free, I use some integrations with APIs and a host of other things that gets the job done.
Now I have first-hand experience with those things, I can choose to write articles on their strength and weakness, it is called reviews and somewhere in the articles or videos, I put an affiliate ink. And that is it.
Below are some platforms to help you get started with YouTube affiliate marketing
- Affiliate marketing MC
- Deadbeat super affiliate
- Affiliate marketing ninjas
Before you join any of these affiliate programs, you need to know what videos are great for your channel
A walk-on through some of the types of videos that can get you going;
Product reviews
This has massive potential when it comes to promoting products on YouTube channels no matter the type of niche you are into.
Some of these products you find very satisfying you can make videos of them like, their strength and a few of their weaknesses tell your audience why you recommend those products, and if you have used them, tell them your experience.
For instance, if you are a webmaster I mean if you own a website there are countless plugins used, you have your favorites, and you have your SEO tools some of those tools are incredible in what they can do.
So whatever tools you use be honest with your review and go in-depth and make your videos high-quality video and your audience will be happy you provided the content.
How-to: Another type of video that can give you a massive income with affiliate marketing is how-to videos.
- How to host a WordPress site
- How to make sandwiches
- How to use different types of tools.
These types of videos are in high demand and if you are good at them put in the affiliate links and when your audience clicks on those you get rewarded.
Influencer videos: If you are an influencer and you are good in certain areas or you are an expert in some fields and trusted by your fans then you can make the best of videos.
For instance, if I share a simple tool that I use to create 3000 words without writing a single word, if I make a video of it, my audience will find it interesting and engaging and they will find value, I can put a link in the description referring them to the tool, and if they buy the tool or do whatever the owners of the tools want, like signing up or taking a free trial, I will get paid for bringing that business to them.
How do you integrate affiliate links into your video?
As you know there are different roads to the same market. One of the things you can do is integrate affiliate links into the video itself.
You can also place your affiliate links in the description box. Just remember to strike the right balance when putting links into your content, do not spam yourself, otherwise, YouTube will penalize you.
Just a heads up that YouTube wants their viewers to be engaging with the video on YouTube for as long as possible so if you want your video to rank higher you may need to minimize the number of affiliate links that you insert.
So as a rule of thumb creates a video that will have affiliate links and some videos aside to increase your ranking.
In your videos, pay special attention to the following as it will enhance your success rate:
- make sure to optimize for SEO,
- Fill the video tags with rich keywords, those keywords, and phrases that your audience will use to search for your channel videos.
- Make good use of YouTube auto-suggest tags as well as tag generators.
- Invest time in creating catchy thumbnails for your videos, the more attractive your thumbnails are, the more chances they will appeal to your audience.
- Keep your videos straight to the point, I hate boring intros, and I know you do too, if so, do not overwhelm your audience with those boring, pointless stories.
There may be more to affiliate marketing with YouTube, but the above will get you going.
The next thing we will talk about is, rendering services.
Offer Video Editing Services with the help of YouTube videos
What does this include?
It can involve whatever you are willing and ready to do with a client’s video depending on the agreement terms. For instance, it could be as simple as adding transitions or to add special effects. Maybe it could be to rearrange the order of the video sequence.
If you know a lot about video editing, you should use platforms like Fiverr, or Upwork to complement your chances of success with YouTube.
There is no better place to showcase your video editing skill than YouTube itself since it is known as the best video platform.
Head over to Peopleperhour and see what others are charging for editing videos online.
Get Brands To Sponsor You
Top brands are in constant need of how to expose their brands to the right audience and that is where you come in.
You can go ahead and make a good video on how to excel in a certain field with a certain product, pitch the product makers and see what they think of your video, and make them an offer they cannot resist.
In your pitch, mention the possibility of how much exposure their brand can gain if they sponsor the video, if you have any statistics like page views, engagements, and any other that will be in your favor, you should include those in your pitch.
Sell Online Courses (And Other Informational Products)
I strongly recommend that you add this to your money-making strategy on YouTube. It is not as difficult as you think, of course, you will need a good following for higher chances of selling YouTube courses, but it does not matter as long as you have what your audience will be willing to pay for.
First, prepare the minds of your audience, and discreetly validate the product you want to sell, this is to be sure that your course or product will fill a need.
A good way to get this information is to ask your audience what they want and need. In addition to this, making good use of video analytics, Google trends, and social media forums and groups are all good places to get feedback on what direction to take your new product.
You can make a simple video and somewhere in it ask your audience to tell you in the comment section what they would like to learn more about, and honor whatever their response is.
In doing all of these, prove to your audience and followers what your skills and expertise are, it will make them trust you some more.
Once you come up with what your audience truly wants, do not go ahead immediately to create the video. Walk your audience up to it, build around the upcoming product and create anticipation.
Build around your mission statement and update your social handles to reflect this.
I strongly recommend creating a landing page, where you go in-depth with your products.
Equally important to the landing page is a trailer video, the conversion rate of a good trailer video cannot be over-estimated.
Sell Your Branded Merchandise
To succeed with this type of monetization, you need a website and a landing page where you can direct your youtube followers.
It is good to have a dedicated page and landing page for each video especially if they are on different topics. for every item mentioned in your videos, there should be a link to a page where the actual sale happens
Consult, Coach, and Speak
The 3 services mentioned above require you to prove yourself, and one of the best ways to do this is by showcasing yourself via a YouTube video.
You need to put together all the necessary components of a good YouTube channel to be able to make money on YouTube.
Below, you will find some of the things you will have to pay attention to when making your YouTube channel. And that takes us to the essential components of a good YouTube channel.
The Components of a Successful YouTube Channel
Define your niche
You will have to define your niche properly. This is not to say that you cannot have a multi-niche YouTube channel, but to make the best of the resources you invest into making your videos, your channel should be known for something specific.
In this way, your followers will always know what they are coming to your channel to get and your ranking will be more favorable.
Answer your follower’s questions: your followers will have a lot of questions, either before or after the sale, be ready to answer those questions through your videos.
Depending on the type of products you create, sometimes your followers will feel honored to see the steps that led up to the creation of the product.
Question and answers: Although it does not yield a lot of results Q&A videos will benefit your audience more than you think, so go ahead and create one for your channel.
Solve problems: Are there problems common in the industry you serve? If so create a good video explaining how to bypass or solve those problems. This will keep your audience coming back for more.
Feedback: Did any of your followers benefit from your previous recommendations? Then make a video of them telling your audience what their experience was.
Shorts: utilize the potential of video shorts. Simple and practical tips are suitable videos for shorts. If your niche has space for comics, then include that in your shorts.
Trends: if anything is trending, be sure to share those on your channel. If your audience can bet on getting the latest trends on your channel, then there is no reason for them not to keep coming back again and again.
Inspect your links: periodically inspect the links on your description to be sure they are active and not broken. What good will it do if the link to a product page returns an error message?
Want To Build A Portfolio You are Proud Of?
Treat your YouTube channel as a real business. Devote sufficient time to create quality videos and pay attention to your marketing.
With sufficient time and consistency, you will be in a position to act as an influencer in your niche. Pay particular attention to the factor below:
End screens: add an end screen to your videos, these clips are meant to be at the end of your regular videos that encourage viewers to take specific actions after they watch an engaging video.
SEO: do not overlook the importance of search engine optimization on your YouTube channel, use the right keywords on your video description, and particularly pay attention to the ranking factors of YouTube.
Do not overstay on YouTube, go outside of YouTube and promote your channel. This is very easy to do, all you have to do is embed your content on other platforms
Run YouTube ads to promote your channel some more, if you already have a google ads account, all you have to do is create video ads
Do You Know? You Can License Your Videos To Media Houses
Granting licenses to media firms can be an effective way to make money on YouTube. If you have a really good video, then license it for commercial use, this is easy to do. Simply head over to your channel and make sure you are logged in.
Go to the video you want to license and click edit, and the necessary tabs should be open for you to add the details of the license.
Want To Make A Living From YouTube? Don't Rely On AdSense Alone
Truth be told, AdSense is a good way to make money on YouTube but it is sometimes referred to as the lazy approach. If your goal is to make a decent living from YouTube, then you should shoot for something more than AdSense.
Market your products, sell a license to your top videos, and promote other people’s products. Review quality products and make recommendations.
How many views do you need on YouTube to make money?
You need to have at least 1000 subscribers on your channel. You also need to have accumulated 4000 watch hours in the last 12 months to be eligible to make money on YouTube.
Of course, you must sign the terms and agreements of YouTube for you to make money. An AdSense account is also a must-have
How to get paid on YouTube
And here is the fun part since you have done all the work, you deserve some money in your account.
For you to get paid on YouTube, your balance should be 100 dollars minimum. Now you have to do a bit of computing here, if you are getting, let us say $1 for every 200 views, multiply that by 1000 views until you get to the threshold of payment.
This estimate is based on the Cost Per thousandth view arrangements by YouTube. Alternatively, you can be paid based on CPC, which is COST PER CLICK.
How much can you make as a YouTuber
I asked this question at the outset and if you want to know what top YouTubers are making based on a Forbes report, head over to this article about the highest-paid YouTube stars are paid, and for the record, MrBeast garnered $54 million on YouTube in 2021
Conclusion
YouTube has a promise of turning your life around if you are willing and ready to put in the work needed to scale it.
I just handed you more than 15 effective ways to make money on YouTube
As much as I tried, the list of how to make money with YouTube cannot be exhausted in a single article like this, otherwise, it will be unreasonably long.
There are other things you can do on and with YouTube that can put some money in your wallet. Find a bit more below and stick with us here for future updates on the list below:
- Make money watching YouTube
- You can create short YouTube videos for promotions and make money
- You can make money on YouTube without making any videos yourself
- When you share videos on YouTube, if done right, you can make money too.
- Another way of making some money on this mighty video platform is to translate videos into other languages.
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